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% ($1,345.2 mil)
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
2000 - 2011 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 2011)
Dollar figures in thousands
16Total employees (full-time equivalent)
$57,489Total assets
$2,362Cash and due from depository institutions
$462Interest-bearing balances
$9,010Securities
$3,750Federal funds sold & reverse repurchase agreements
$38,216Net loans & leases
$212Loan loss allowance
$0Trading account assets
$513Bank premises and fixed assets
$289Other real estate owned
$0Goodwill and other intangibles
$57,489Life insurance assets
$3,349All other assets
$50,954Total liabilities and capital
$49,188Total liabilities
$38,581Total deposits
$49,188Interest-bearing deposits
$97Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$1,766Subordinated debt
$6,535All other liabilities
$6,535Total equity capital
$6,535Total bank equity capital
$0Perpetual preferred stock
$361Common stock
$3,624Surplus
$2,550Undivided profits
Memoranda
$0Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$517Income earned, not collected on loans
$0Earning assets
$263Long-term assets (5+ years)
$51,438Average Assets, year-to-date
$11,617Average Assets, quarterly
$58,110Volatile liabilities
$57,677Insider loans
$38,775FHLB advances
$57,819Loans and leases held for sale
$2,458Unused loan commitments
$2,458Tier 1 (core) risk-based capital
$7,601Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$2,332Restructured Loans and leases
$1,080Derivatives
Income and Expense (December 31, 2011)
Dollar figures in thousands
$3,223Total interest income
$471Total interest expense
$2,752Net interest income
$0Provision for loan and lease losses
$622Total noninterest income
$0Fiduciary activities
$439Service charges on deposit accounts
$0Trading account gains & fees
$183Additional noninterest income
$1,924Total noninterest expense
$1,253Salaries and employee benefits
$220Premises and equipment expense
$451Additional noninterest expense
$1,450Pre-tax net operating income
-$475Securities gains (losses)
$0Applicable income taxes
$975Income before extraordinary items
$0Extraordinary gains - net
$975Net income attributable to bank
$0Net charge-offs
$975Cash dividends
$45Sale, conversion, retirement of capital stock, net
$752Net operating income
Performance and Condition Ratios (December 31, 2011)
Dollar figures in thousands
Performance Ratios (%, annualized)
6.13%Yield on earning assets
0.90%Cost of funding earning assets
5.24%Net interest margin
1.18%Noninterest income to earning assets
3.66%Noninterest expense to earning assets
2.50%Net operating income to assets
1.68%Return on assets (ROA)
1.68%Pretax return on assets
15.13%Return on equity (ROE)
3.46%Retained earnings to average equity (YTD only)
0.12%Net charge-offs to loans
0.00%Credit loss provision to net charge-offs
32.22%Efficiency ratio
57,024Assets per employee
3.59%Cash dividends to net income (YTD only)
Condition Ratios (%)
77.13%Loss allowance to loans
0.55%Loss allowance to noncurrent loans
41.01%Noncurrent assets plus other real estate owned to assets
1.40%Noncurrent loans to loans
1.35%Net loans and leases to deposits
77.69%Net loans and leases to core deposits
84.63%Equity capital to assets
11.37%Core capital (leverage) ratio
13.15%Tier 1 risk-based capital ratio
19.60%Total risk-based capital ratio
Memoranda
$20Average assets
$58,110Average earning assets
$6,444Average equity
$52,545Average loans
List of branches
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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