Bank of Morton in Morton, Mississippi (MS)
| Bank of Morton | |
|---|---|
| General | FDIC Certificate #: 8556 Status: Active Federal Reserve ID: 897330 Bank Holding Company (Regulatory Top Holder): Morton Bancorp, Inc. (RSSDID: 3073911, Location: Morton, MS) Date Established: January 01, 1904 WWW: http://www.bankofmorton.com Trust Powers Granted: No Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 1 (Domestic: 1, Interstate: No) OTS Docket #: 12729 FDIC's unique #: 5462 Numeric code: 21 Regulator: FDIC Insurance Fund Membership: Deposit Insurance Fund (DIF) Insured commercial Banks: Yes FDIC Insured: Yes Deposit Insurance Fund member: Yes Ownership Type: Non-Stock FFIEC Call Report 31 Filer: No State Chartered: Yes Subchapter S Corporations: Yes Asset Concentration Hierarchy: All Other Specialization < 1 Billion Date of Deposit Insurance: January 01, 1934 Last Structure Change Effective Date: July 03, 2007 Last Structure Change Process Date: July 05, 2007 Last Data Update: July 05, 2007 Data Source Date: April 05, 2012 |
| Location | Address: 366 South 4th Street, Morton, MS 39117 County: Scott Quarterly Banking Profile Region: Dallas FDIC Geographic Region: Dallas FDIC Supervisory Region: Dallas FDIC Field Office: Jackson Ms Office of the Comptroller the Currency (OCC) District: Southwest Office of Thrift Supervision Region: West |
| History of Changes | Change in Location |
| Financial Summary | Total assets: $57.5 mil Equity capital: $6.5 mil Deposits held in domestic offices: $49.2 mil Return on assets (ROA): 1.68% ($1.0 mil) Quarterly return on assets: 2.34% ($1.3 mil) Return on Equity (ROE): 15.13% ($1.1 mil) Quarterly return on equity: 20.92% ($1.5 mil) Net income: $1.0 mil Quarterly Net income: $0.3 mil Pretax return on assets: 1.68% ($965.8 mil) Quarterly Pretax return on assets: 2.34% ($1,345.2 mil) |
| Assets and Liabilities (December 31, 2011) (Dollar figures in thousands) | |
| Total employees (full-time equivalent) | 16 |
| Total assets | $57,489 |
| Cash and due from depository institutions | $2,362 |
| Interest-bearing balances | $462 |
| Securities | $9,010 |
| Federal funds sold & reverse repurchase agreements | $3,750 |
| Net loans & leases | $38,216 |
| Loan loss allowance | $212 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $513 |
| Other real estate owned | $289 |
| Goodwill and other intangibles | $0 |
| All other assets | $3,349 |
| Life insurance assets | $57,489 |
| Total liabilities and capital | $50,954 |
| Total liabilities | $49,188 |
| Total deposits | $38,581 |
| Interest-bearing deposits | $49,188 |
| Deposits held in domestic offices | $97 |
| % insured (estimated) | 0.00% |
| Federal funds purchased & repurchase agreements | $0 |
| Trading liabilities | $0 |
| Other borrowed funds | $0 |
| Subordinated debt | $1,766 |
| All other liabilities | $6,535 |
| Total equity capital | $6,535 |
| Total bank equity capital | $6,535 |
| Perpetual preferred stock | $0 |
| Common stock | $361 |
| Surplus | $3,624 |
| Undivided profits | $2,550 |
| Memoranda | |
| Noncurrent loans and leases | $0 |
| Noncurrent loans that are wholly or partially guaranteed by the U.S. government | $0 |
| Income earned, not collected on loans | $517 |
| Earning assets | $0 |
| Long-term assets (5+ years) | $263 |
| Average Assets, year-to-date | $51,438 |
| Average Assets, quarterly | $11,617 |
| Volatile liabilities | $58,110 |
| Insider loans | $57,677 |
| FHLB advances | $38,775 |
| Loans and leases held for sale | $57,819 |
| Unused loan commitments | $2,458 |
| Tier 1 (core) risk-based capital | $2,458 |
| Tier 2 risk-based capital | $7,601 |
| Total risk weighted assets | $0 |
| Total unused commitments | $0 |
| Restructured Loans and leases | $2,332 |
| Derivatives | $1,080 |
| Income and Expense (December 31, 2011) (Dollar figures in thousands) | |
| Total interest income | $3,223 |
| Total interest expense | $471 |
| Net interest income | $2,752 |
| Provision for loan and lease losses | $0 |
| Total noninterest income | $622 |
| Fiduciary activities | $0 |
| Service charges on deposit accounts | $439 |
| Trading account gains & fees | $0 |
| Additional noninterest income | $183 |
| Total noninterest expense | $1,924 |
| Salaries and employee benefits | $1,253 |
| Premises and equipment expense | $220 |
| Additional noninterest expense | $451 |
| Pre-tax net operating income | $1,450 |
| Securities gains (losses) | -$475 |
| Applicable income taxes | $0 |
| Income before extraordinary items | $975 |
| Extraordinary gains - net | $0 |
| Net income attributable to bank | $975 |
| Net charge-offs | $0 |
| Cash dividends | $975 |
| Sale, conversion, retirement of capital stock, net | $45 |
| Net operating income | $752 |
| Performance and Condition Ratios (December 31, 2011) (Dollar figures in thousands) | |
| Performance Ratios (%, annualized) | |
| Yield on earning assets | 6.13% |
| Cost of funding earning assets | 0.90% |
| Net interest margin | 5.24% |
| Noninterest income to earning assets | 1.18% |
| Noninterest expense to earning assets | 3.66% |
| Net operating income to assets | 2.50% |
| Return on assets (ROA) | 1.68% |
| Pretax return on assets | 1.68% |
| Return on equity (ROE) | 15.13% |
| Retained earnings to average equity (YTD only) | 3.46% |
| Net charge-offs to loans | 0.12% |
| Credit loss provision to net charge-offs | 0.00% |
| Efficiency ratio | 32.22% |
| Assets per employee | $57,024 |
| Cash dividends to net income (YTD only) | 3.59% |
| Condition Ratios (%) | |
| Loss allowance to loans | 77.13% |
| Loss allowance to noncurrent loans | 0.55% |
| Noncurrent assets plus other real estate owned to assets | 41.01% |
| Noncurrent loans to loans | 1.40% |
| Net loans and leases to deposits | 1.35% |
| Net loans and leases to core deposits | 77.69% |
| Equity capital to assets | 84.63% |
| Core capital (leverage) ratio | 11.37% |
| Tier 1 risk-based capital ratio | 13.15% |
| Total risk-based capital ratio | 19.60% |
| Memoranda | |
| Average assets | $20 |
| Average earning assets | $58,110 |
| Average equity | $6,444 |
| Average loans | $52,545 |
| 1 Mississippi Branch as of April 05, 2012 | ||||||
| No | ID | Name | Address | Established | Service Type | Map |
|---|---|---|---|---|---|---|
| 0 | 5462 | Bank Of Morton | 366 South 4th Street, Morton, MS 39117 | January 01, 1904 | Full Service Brick and Mortar |  |
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