The Morris Plan Company of Terre Haute, Inc.

817 Wabash Avenue
Terre Haute, IN 47808

 

2018 Overview

General Bank Information

FDIC Insured Yes
FDIC Certificate # 32907
Date Established 1962
Assets $0.08 billion
Loans $0.06 billion
Deposits $0.05 billion
Capital $0.02 billion

The Morris Plan Company of Terre Haute, Inc. is an FDIC insured institution located in Terre Haute, IN. It was founded in 1962 and has approximately $0.08 billion in assets.

For a more detailed analysis of The Morris Plan Company of Terre Haute, Inc.'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 The Morris Plan Company of Terre Haute, Inc.’s loan portfolio are Consumer Auto Loans, 1-4 Family Residential Loans, and Commercial and Industrial Loans.

Compared to other banks in Indiana, The Morris Plan Company of Terre Haute, Inc. has a significantly higher percent of Consumer Auto 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 4.87
Multifamily
Mortgages
0.00
Credit Card Loans 0.00
Consumer Auto Loans 98.41
Small Business Loans 0.38
Construction and Development Loans 0.00
Commercial Real Estate 0.38
Commercial and Industrial Loans 0.38
Farm Loans 0.00

Deposit Rates - October 18, 2018

Your Current Location: Virginia, VA 20146

There are currently no rates available for The Morris Plan Company Of Terre Haute, Inc., but see these great savings and CD rates:

Advertiser Disclosure

Loan Rates - October 18, 2018

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for The Morris Plan Company of Terre Haute, Inc.

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
J.G. Wentworth Home Lending, LLC
NMLS ID: 2925
License#: MC-1875
4.774% 4.750% 0.25 $690 $1,305 Learn More
Triangle Lending Group, Inc.
NMLS ID: 64446
License#: MC-5531
4.646% 4.625% 0.25 $625 $1,286 Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2018

Lender Rate (%) Monthly Payment Learn More
Flagstar Bank 5.490% $283.58 Learn More
Third Federal Savings & Loan Assoc. of Cleveland 4.240% $245.68 Learn More

Note to The Morris Plan Company of Terre Haute, Inc.
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Branches

The Morris Plan Company of Terre Haute, Inc. 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


The Morris Plan Company of Terre Haute, Inc. Locations

Financial Details

The Morris Plan Company of Terre Haute, Inc. Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of The Morris Plan Company of Terre Haute, Inc.. 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
The Morris Plan Company of Terre Haute, Inc. U.S. Bank Average
4.06% 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, The Morris Plan Company of Terre Haute, Inc. had $886,000 in non-current loans and $188,000 in owned real estate. To cover these potential losses it had $22,630,000 in equity and $3,845,000 in loans loss reserves. That gives it a Texas Ratio of 4.06%.

Return on Equity
The Morris Plan Company of Terre Haute, Inc. U.S. Bank Average
12% 9.77%

The Morris Plan Company of Terre Haute, Inc. has a Return on Equity of 12% 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
The Morris Plan Company of Terre Haute, Inc. U.S. Bank Average
30.17% 12.31%

The Morris Plan Company of Terre Haute, Inc. has a Capitalization of 30.17% 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.

The Morris Plan Company of Terre Haute, Inc. Balance Sheet Analysis

As of June 30, 2018, The Morris Plan Company of Terre Haute, Inc. had assets of $75,005,000, loans of $64,947,000, and deposits of $49,477,000. 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 $0.00 billion
Federal funds sold and reverse repurchase $0.00 billion
Net loans and leases $0.06 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 $0.05 billion
LIABILITIES
Total deposits $0.05 billion
      Interest-bearing deposits $0.05 billion
      Deposits held in domestic offices $0.05 billion
      % insured (estimated) 93.70%
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 $0.05 billion
      Shareholders’ Equity $0.02 billion

Summary Income Statement

June 30, 2018
INCOME AND EXPENSES
Total Interest Income $0.01 billion
Total Interest Expense $0.00 billion
Net interest income $0.01 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 The Morris Plan Company Of Terre Haute, Inc.

Branches and Savings

Is The Morris Plan Company Of Terre Haute, Inc. FDIC insured?

Yes. It is covered under FDIC Certificate #32907.

Why does The Morris Plan Company Of Terre Haute, Inc. pay such low interest on savings accounts?

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

Why are The Morris Plan Company Of Terre Haute, Inc. CD rates not competitive?

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

Is The Morris Plan Company Of Terre Haute, Inc. a commercial bank?

Yes

Where are The Morris Plan Company Of Terre Haute, Inc. locations?

See branch locations nearby.

Is The Morris Plan Company Of Terre Haute, Inc. open on Saturdays?

Is The Morris Plan Company Of Terre Haute, Inc. open on Sundays?

What time does The Morris Plan Company Of Terre Haute, Inc. open?

What time does The Morris Plan Company Of Terre Haute, Inc. close?

Are The Morris Plan Company Of Terre Haute, Inc. ATMs Open 24/7?

Do The Morris Plan Company Of Terre Haute, Inc. ATMs accept cash deposits?

Can The Morris Plan Company Of Terre Haute, Inc. customers use other ATMs?

Do The Morris Plan Company Of Terre Haute, Inc. branches have notaries?

Will The Morris Plan Company Of Terre Haute, Inc. notarize my document?

What address for The Morris Plan Company Of Terre Haute, Inc. should I put for incoming ACH transfers?

Will the The Morris Plan Company Of Terre Haute, Inc. branch print checks?

Do The Morris Plan Company Of Terre Haute, Inc. checks expire?

Does The Morris Plan Company Of Terre Haute, Inc. require US citizenship to open account?

Can The Morris Plan Company Of Terre Haute, Inc. close my account?

Does The Morris Plan Company Of Terre Haute, Inc. Report to credit bureaus?

Does The Morris Plan Company Of Terre Haute, Inc. Use Equifax?

What is The Morris Plan Company Of Terre Haute, Inc.'s ACH Routing Number?

What is The Morris Plan Company Of Terre Haute, Inc.'s SWIFT code?

Products

Does The Morris Plan Company Of Terre Haute, Inc. offer mortgages?

Compare mortgage rates here.

Does The Morris Plan Company Of Terre Haute, Inc. offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does The Morris Plan Company Of Terre Haute, Inc. offer personal loans?

Compare personal loan rates here.

Does The Morris Plan Company Of Terre Haute, Inc. offer student loans?

Will The Morris Plan Company Of Terre Haute, Inc. cash a check?

Will The Morris Plan Company Of Terre Haute, Inc. redeem a savings bond?

Does The Morris Plan Company Of Terre Haute, Inc. cash savings bonds?

Will The Morris Plan Company Of Terre Haute, Inc. cash money orders?

Can The Morris Plan Company Of Terre Haute, Inc. issue a money order?

Does The Morris Plan Company Of Terre Haute, Inc. do currency exchange?

Background on The Bank

Who owns The Morris Plan Company Of Terre Haute, Inc.?

How long has The Morris Plan Company Of Terre Haute, Inc. been around?

Can The Morris Plan Company Of Terre Haute, Inc. transfer to other banks?

Does The Morris Plan Company Of Terre Haute, Inc. have quick pay?

Does The Morris Plan Company Of Terre Haute, Inc. accept rolled coins?

Will The Morris Plan Company Of Terre Haute, Inc. accept loose change?

Where is The Morris Plan Company Of Terre Haute, Inc. headquarters?

Customer Reviews for The Morris Plan Company of Terre Haute, Inc.


  • T.Clark

    January 03, 2018 |

    I was in search of a Company that would finance a motorcycle for me. At first I was getting disappointed because everyone else was turning me down.
    So, then The Morris Plan Company ask as few simple questions along with the provided information on the motorcycle and myself - I had received a loan for the motorcycle that had been a long time dream to own one.
    I had the payments set up to come directly out of my bank account to pay for it on time - every time, and I am proud to say that this January 20th will be my last payment.
    Thank you Morris Plan of Terre Haute inc - you do make dreams come true.

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