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The Morrill and Janes Bank and Trust Company

Based on 5 reviews
Reviews (5)

Elite Checking And Treasury Index Accounts To Be Closed By December 1 Outside Of KS And MO

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.

Lower Rates For Depositors Outside Of Kansas And Missouri

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%. 

Best Service

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.

NOT Impressed

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.

 

A+ Bank, Excellent Service

What a great bank!



Health

Data for Q1 2014

Institution Health

A

Texas Ratio

GRADE:
A+

The Texas Ratio is an indicator of how much capital a bank has available compared to the total value of loans considered at risk. As of March 31, 2014 The Morrill and Janes Bank and Trust Company had $2.02 million in non-current loans and owned real-estate with $75.62 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 2.67% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
B+

The Texas Ratio for The Morrill and Janes Bank and Trust Company decreased slightly from 3.63% as of March 31, 2013 to 2.67% as of March 31, 2014, resulting in a positive change of 26.38%.This indicates that the balance sheet and financial strength for The Morrill and Janes Bank and Trust Company has improved slightly in recent periods.

Deposit Growth

GRADE:
A+

In the past year, The Morrill and Janes Bank and Trust Company has increased its total deposits by $75.16 million, resulting in 12.56% 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.

Capitalization

GRADE:
C

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 $859.98 million in assets with $75.62 million in equity, resulting in a capitalization level of 8.79%, which is average.

Institution Statistics

Overall
FDIC Certificate #1143
Year Established1871
Employees106
Primary RegulatorFDIC
Assets and Liabilities
Assets$859.98 million
Loans$399.46 million
Deposits$673.40 million
Equity Capital$74.49 million
Loan Loss Allowance$1.14 million
Unbacked Noncurrent Loans$127,000
Real Estate Owned$1.90 million
Historic Data - March 2013
Assets$750.71 million
Equity Capital$81.91 million
Loan Loss Allowance$4.12 million
Unbacked Noncurrent Loans$127,000
Real Estate Owned$2.13 million
Profit Margin - Quarterly
Net Interest Margin2.98%
Return on Assets0.59%
Return on Equity7.11%
Interest Income$7.10 million
Rates

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.

The Morrill and Janes Bank and Trust Company Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.50%$2,500-Health Savings Account - Individual
0.35%-$225kRegular Savings

The Morrill and Janes Bank and Trust Company Money Market Rates

DetailsAPYMINMAXPRODUCT
0.85%$25k-Treasury Index Account
0.50%$25k-Business Treasury Index Account
0.45%$100k-Money Market

The Morrill and Janes Bank and Trust Company Checking Account Rates

DetailsAPYMINMAXPRODUCT
0.80%$1,500-MJ Elite Checking

The Morrill and Janes Bank and Trust Company CD Rates

DetailsAPYMINMAXPRODUCT
0.35%$100$100k12 Month CD
0.32%$100$100k6 Month CD

The Morrill and Janes Bank and Trust Company IRA Rates

DetailsAPYMINMAXPRODUCT
0.35%$50$100k12 Month IRA
0.32%$50$100k6 Month IRA
Locations

The Morrill and Janes Bank and Trust Company has 11 locations. Click to view all The Morrill and Janes Bank and Trust Company locations.