The Morrill and Janes Bank and Trust Company is headquartered in Merriam and is the 15st largest bank in the state of Kansas. It is also the 853rd largest bank in the nation. It was established in 1871 and as of September of 2013, it had grown to 114 employees at 11 locations. The Morrill and Janes Bank and Trust Company's money market rates are 93% higher than the national average, and it boasts a A+ health rating.
Just a heads up.
Received a note regarding those who were able to open the above accounts via the Internet before M&J limited the accounts to only KS and MO.
The accounts have been discontinued as of yesterday Oct 17 and will be closed and funds sent to you by December 1, 2012. You can close it earlier and receive accrued interest at anytime prior to December 1st.
Initally, MJBTC allowed depositors from all 50 states. But a while ago they restricted new accounts to be only from Kansas and Missouri. Now, they have lowered the rates for depositors from outside these two states. These rates are not published on the web. You need to call them to find the rate. The rate for my Treasury Index Account is currently 0.95% APY, even though their (and this) website shows 1.01%.
For 3 years running the most helpful service I've experienced. As M&J specializes in agricultural loans and that sector has been booming during this time, M&J has done well and shares its largess with depositors. My local branch's people could not be more attentive...and nice people. Thanks! Dan B., Independence, MO.
We LOVED United Bank of Kansas. Then Morrill and Janes Bank bought them :(
Its not the same, they don't know us, they don't seem to care they way the others did. Travel Club? NOT.
Deposited medium size check Friday afternoon (after 3:00) funds not available until Monday. HEY, IVE BEEN A CUSTOMER FOR 10 YEARS!.
I'm ready to switch banks. I can't even say the name without thinking long and hard.
The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of September 30, 2013 The Morrill and Janes Bank and Trust Company had $2.82 million in non-current loans and owned real-estate with $80.11 million in equity and loan loss allowances on hand to cover it. This gives The Morrill and Janes Bank and Trust Company a Texas Ratio of 3.52% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
The Texas Ratio for The Morrill and Janes Bank and Trust Company held steady from 1.61% as of September 30, 2012 to 3.52% as of September 30, 2013, resulting in a negative change of 118.30%. This indicates that the balance sheet and financial strength for The Morrill and Janes Bank and Trust Company has held steady in recent periods.
In the past year, The Morrill and Janes Bank and Trust Company has increased its total deposits by $144.13 million, resulting in 28.81% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth The Morrill and Janes Bank and Trust Company has shown is excellent.
Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. The Morrill and Janes Bank and Trust Company has $787.38 million in assets with $80.11 million in equity, resulting in a capitalization level of 10.17%, which is above average.
|FDIC Certificate #||1143|
|Assets and Liabilities|
|Equity Capital||$76.02 million|
|Loan Loss Allowance||$4.10 million|
|Unbacked Noncurrent Loans||$688,000|
|Real Estate Owned||$2.13 million|
|Historic Data - September 2012|
|Equity Capital||$78.27 million|
|Loan Loss Allowance||$4.08 million|
|Unbacked Noncurrent Loans||$688,000|
|Real Estate Owned||$64,000|
|Profit Margin - Quarterly|
|Net Interest Margin||3.14%|
|Return on Assets||0.98%|
|Return on Equity||9.5%|
|Interest Income||$20.07 million|
Always verify rates and promotions with the bank or credit union. We are not The Morrill and Janes Bank and Trust Company, we are a rate comparison website and can not provide official rates or promotions.
|0.50%||$2,500||-||Health Savings Account - Individual|
|0.50%||$2,500||-||Health Savings Account - Family|
|0.85%||$25k||-||Treasury Index Account|
|0.50%||$25k||-||Business Treasury Index Account|
|0.80%||$1,500||-||MJ Elite Checking|
|0.25%||-||-||Premium 50+ Free Interest Checking|
|0.25%||-||-||VIP Free Interest Checking|
|0.35%||$100||$100k||12 Month CD|
|0.32%||$100||$100k||6 Month CD|
|0.35%||$50||$100k||12 Month IRA|
|0.32%||$50||$100k||6 Month IRA|