Bank of Morton

366 South 4th Street
Morton, MS 39117

 

2018 Overview

General Bank Information

FDIC Insured Yes
FDIC Certificate # 8556
Date Established 1904
Assets $0.07 billion
Loans $0.05 billion
Deposits $0.06 billion
Capital $0.01 billion

Bank of Morton is an FDIC insured institution located in Morton, MS. It was founded in 1904 and has approximately $0.07 billion in assets.

For a more detailed analysis of Bank of Morton's financial condition and a description of what these numbers mean, please visit the Financial Details section.

Bank Loan Profile?

The top three loan types in Bank of Morton’s loan portfolio are 1-4 Family Residential Loans, Small Business Loans, and Commercial Real Estate.

Compared to other banks in Mississippi, Bank of Morton has a significantly higher percent of 1-4 Family Residential Loans on its balance sheet, potentially indicating a specialty in that lending area.

Note: Percentages may not sum to 100% due to rounding and double categorization of some loan types. All data from the FDIC. Additional information about this table.

%
Loans
%
Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 53.74
Multifamily
Mortgages
1.42
Credit Card Loans 0.00
Consumer Auto Loans 4.11
Small Business Loans 10.65
Construction and Development Loans 1.33
Commercial Real Estate 10.65
Commercial and Industrial Loans 4.72
Farm Loans 0.23

Deposit Rates - December 19, 2018

Your Current Location: Virginia, VA 20146

Savings and Money Market Rates APY MIN MAX
CD Rates APY MIN MAX
3 Mo CD
0.10% $1,000 $89,999 Learn MoreShow Less
3 Mo CD
0.15% $90,000 - Learn MoreShow Less
6 Mo CD
0.20% $1,000 $89,999 Learn MoreShow Less
6 Mo CD
0.25% $90,000 - Learn MoreShow Less
12 Mo CD
0.30% $1,000 $89,999 Learn MoreShow Less
12 Mo CD
0.35% $90,000 - Learn MoreShow Less
18 Mo CD
0.45% $1,000 $89,999 Learn MoreShow Less
18 Mo CD
0.50% $90,000 - Learn MoreShow Less
24 Mo CD
0.50% $1,000 $89,999 Learn MoreShow Less
24 Mo CD
0.55% $90,000 - Learn MoreShow Less
30 Mo CD
0.55% $1,000 $89,999 Learn MoreShow Less
36 Mo CD
0.65% $1,000 $89,999 Learn MoreShow Less
36 Mo CD
0.70% $90,000 - Learn MoreShow Less
48 Mo CD
0.80% $1,000 $89,999 Learn MoreShow Less
48 Mo CD
0.85% $90,000 - Learn MoreShow Less
60 Mo CD
1.05% $1,000 $89,999 Learn MoreShow Less
60 Mo CD
1.10% $90,000 - Learn MoreShow Less

Fixed IRA Rates APY MIN MAX
Fixed IRA
0.40% $500 - Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg
0.05% $1,000 $2,499 Learn MoreShow Less
Int Ckg
0.10% $2,500 $9,999 Learn MoreShow Less

Loan Rates - December 19, 2018

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for Bank of Morton

Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:

Featured - Virginia 30 Year Fixed Mortgage Rates 2018

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
Quicken Loans NMLS #3030
NMLS ID: 3030
5.375% 5.375% 0.00 $0 $1,400 Learn More
HSBC Bank USA N.A.
NMLS ID: 399799
4.733% 4.625% 0.38 $3,266 $1,286 Learn More
First Internet Bank
NMLS ID: 424182
4.523% 4.500% 0.25 $675 $1,267 Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2018

Lender Rate (%) Monthly Payment Learn More

Note to Bank of Morton
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Branches

Bank of Morton branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.

Your Location:
Ashburn,Virginia


Bank of Morton Locations

Financial Details

Bank of Morton Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Bank of Morton. The data is provided by the FDIC. All banks listed on BestCashCow.com are FDIC-insured. No depositor has ever lost deposits that have been within the FDIC insurance limits.

Texas Ratio
Bank of Morton U.S. Bank Average
4.13% 7.92%

The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its the bank’s tangible common equity and its loan loss reserves. A lower Texas ratio indicates better coverage of problem loans. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a bank has to absorb its loan losses.

As of June 30, 2018, Bank of Morton had $289,000 in non-current loans and $120,000 in owned real estate. To cover these potential losses it had $9,794,000 in equity and $120,000 in loans loss reserves. That gives it a Texas Ratio of 4.13%.

Return on Equity
Bank of Morton U.S. Bank Average
20.42% 9.77%

Bank of Morton has a Return on Equity of 20.42% versus the BestCashCow average of 9.77%. Return on equity measures how efficiently a bank is making money from its capital. A bank with a consistently high ROE can be considered well run. A bank with a consistently low ROE can be considered poorly run.

Capitalization
Bank of Morton U.S. Bank Average
14.48% 12.31%

Bank of Morton has a Capitalization of 14.48% versus the BestCashCow average of 12.31. Capitalization measures how much equity capital a bank has to underpin loans and other assets on its balance sheet. The higher the capitalization number the more secure a bank is considered.

Bank of Morton Balance Sheet Analysis

As of June 30, 2018, Bank of Morton had assets of $67,621,000, loans of $51,203,000, and deposits of $55,535,000. Long-term increases in deposits shows a bank's ability to raise funds to grow its loans and assets. Loan and asset growth may rise or fall depending on a bank's strategy for growth. Sharp rises and falls in assets, deposits, and loans can be problematic, indicating a loosening of lending standards, or financial distress leading to reduced lending. A big change in these figured can also be from a bank acquisition or merger.

Summary Balance Sheet

June 30, 2018
ASSETS
Cash & Balances due from depository institutions $0.00 billion
Interest-bearing balances $0.00 billion
Total securities $0.01 billion
Federal funds sold and reverse repurchase $0.00 billion
Net loans and leases $0.05 billion
Loan loss allowance $0.00 billion
Trading account assets $0.00 billion
Bank premises and fixed assets $0.00 billion
Other real estate owned $0.00 billion
Goodwill and other intangibles $0.00 billion
All other assets $0.00 billion
     Total Assets $0.06 billion
LIABILITIES
Total deposits $0.06 billion
      Interest-bearing deposits $0.04 billion
      Deposits held in domestic offices $0.06 billion
      % insured (estimated) 86.84%
Federal funds purchased and repurchase agreements $0.00 billion
Trading liabilities $0.00 billion
Other borrowed funds $0.00 billion
Subordinated debt $0.00 billion
All other liabilities $0.00 billion
      Total Liabilities $0.06 billion
      Shareholders’ Equity $0.01 billion

Summary Income Statement

June 30, 2018
INCOME AND EXPENSES
Total Interest Income $0.00 billion
Total Interest Expense $0.00 billion
Net interest income $0.00 billion
Provision for loan and lease losses $0.00 billion
Total non interest income $0.00 billion
Total non interest expense $0.00 billion
Pre-tax Net Operating Income $0.00 billion

Frequently Asked Questions About Bank Of Morton

Branches and Savings

Is Bank Of Morton FDIC insured?

Yes. It is covered under FDIC Certificate #8556.

Why does Bank Of Morton pay such low interest on savings accounts?

See the best online savings rates here. See the best local savings rates here.

Why are Bank Of Morton CD rates not competitive?

See the best online CD rates here. See the best local CD rates here.

Is Bank Of Morton a commercial bank?

Yes

Where are Bank Of Morton locations?

See branch locations nearby.

Is Bank Of Morton open on Saturdays?

Is Bank Of Morton open on Sundays?

What time does Bank Of Morton open?

What time does Bank Of Morton close?

Are Bank Of Morton ATMs Open 24/7?

Do Bank Of Morton ATMs accept cash deposits?

Can Bank Of Morton customers use other ATMs?

Do Bank Of Morton branches have notaries?

Will Bank Of Morton notarize my document?

What address for Bank Of Morton should I put for incoming ACH transfers?

Will the Bank Of Morton branch print checks?

Do Bank Of Morton checks expire?

Does Bank Of Morton require US citizenship to open account?

Can Bank Of Morton close my account?

Does Bank Of Morton Report to credit bureaus?

Does Bank Of Morton Use Equifax?

What is Bank Of Morton's ACH Routing Number?

What is Bank Of Morton's SWIFT code?

Products

Does Bank Of Morton offer mortgages?

Compare mortgage rates here.

Does Bank Of Morton offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Bank Of Morton offer personal loans?

Compare personal loan rates here.

Does Bank Of Morton offer student loans?

Will Bank Of Morton cash a check?

Will Bank Of Morton redeem a savings bond?

Does Bank Of Morton cash savings bonds?

Will Bank Of Morton cash money orders?

Can Bank Of Morton issue a money order?

Does Bank Of Morton do currency exchange?

Background on The Bank

Who owns Bank Of Morton?

How long has Bank Of Morton been around?

Can Bank Of Morton transfer to other banks?

Does Bank Of Morton have quick pay?

Does Bank Of Morton accept rolled coins?

Will Bank Of Morton accept loose change?

Where is Bank Of Morton headquarters?

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*All images, logos and public notes on this page appear courtesy of Bank Of Morton and are not subject to approval of BestCashCow. BestCashCow expressly disclaims all responsibility for this content.