FDIC Certificate #: 29439 Status: Active Federal Reserve ID: 313175 Date Established: May 20, 1935 WWW:http://www.morganfed.com Trust Powers Granted: No Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS) Offices: 1 (Domestic: 1, Interstate: No) OTS Docket #: 3451 FDIC's unique #: 42273 Numeric code: 37 Regulator: OCC Insurance Fund Membership: Deposit Insurance Fund (DIF) FDIC Insured: Yes Insured Savings Institution: Yes Deposit Insurance Fund member: Yes Ownership Type: Non-Stock FFIEC Call Report 31 Filer: No State Chartered: No Subchapter S Corporations: No Asset Concentration Hierarchy: Mortgage Lending Specialization Date of Deposit Insurance: May 20, 1935 Last Structure Change Effective Date: July 21, 2011 Last Structure Change Process Date: July 21, 2011 Last Data Update: July 21, 2011 Data Source Date: April 05, 2012
Location
Address: 321 Ensign Street, Fort Morgan, CO 80701 County: Morgan Quarterly Banking Profile Region: Dallas FDIC Geographic Region: Dallas FDIC Supervisory Region: Dallas FDIC Field Office: Denver Office of the Comptroller the Currency (OCC) District: Midwest Office of Thrift Supervision Region: Western Core Based Statistical Area (CBSA): Fort Morgan, CO (#22820) CBSA Micro Statistical Area: Yes
History of Changes
Change in Primary Regulatory Agency
Financial Summary
Total assets: $104.5 mil Equity capital: $11.0 mil Deposits held in domestic offices: $77.6 mil Return on assets (ROA): 0.73% ($0.8 mil) Quarterly return on assets: 0.60% ($0.6 mil) Return on Equity (ROE): 7.26% ($0.8 mil) Quarterly return on equity: 5.67% ($0.6 mil) Net income: $0.8 mil Quarterly Net income: $0.2 mil Pretax return on assets: 1.03% ($1,076.1 mil) Quarterly Pretax return on assets: 0.94% ($982.1 mil)
1992 - 1999 Historical total assets, liabilities and capital ($ 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
27Total employees (full-time equivalent)
$104,475Total assets
$5,200Cash and due from depository institutions
$4,657Interest-bearing balances
$47,351Securities
$0Federal funds sold & reverse repurchase agreements
$42,480Net loans & leases
$275Loan loss allowance
$0Trading account assets
$2,059Bank premises and fixed assets
$814Other real estate owned
$17Goodwill and other intangibles
$104,475Life insurance assets
$6,554All other assets
$93,428Total liabilities and capital
$77,617Total liabilities
$67,229Total deposits
$77,617Interest-bearing deposits
$87Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$14,984Trading liabilities
$0Other borrowed funds
$827Subordinated debt
$11,047All other liabilities
$11,047Total equity capital
$11,047Total bank equity capital
$0Perpetual preferred stock
$1Common stock
$9,262Surplus
$1,784Undivided profits
Memoranda
$0Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$278Income earned, not collected on loans
$0Earning assets
$424Long-term assets (5+ years)
$94,488Average Assets, year-to-date
$0Average Assets, quarterly
$106,491Volatile liabilities
$104,535Insider loans
$45,346FHLB advances
$103,961Loans and leases held for sale
$2,309Unused loan commitments
$0Tier 1 (core) risk-based capital
$8,960Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$4,996Restructured Loans and leases
$1,249Derivatives
Income and Expense (December 31, 2011)
Dollar figures in thousands
$4,051Total interest income
$1,351Total interest expense
$2,700Net interest income
$75Provision for loan and lease losses
$1,608Total noninterest income
$0Fiduciary activities
$52Service charges on deposit accounts
$0Trading account gains & fees
$1,556Additional noninterest income
$2,994Total noninterest expense
$1,903Salaries and employee benefits
$467Premises and equipment expense
$624Additional noninterest expense
$1,239Pre-tax net operating income
-$137Securities gains (losses)
$326Applicable income taxes
$776Income before extraordinary items
$0Extraordinary gains - net
$776Net income attributable to bank
$0Net charge-offs
$776Cash dividends
$26Sale, conversion, retirement of capital stock, net
$480Net operating income
Performance and Condition Ratios (December 31, 2011)
Dollar figures in thousands
Performance Ratios (%, annualized)
4.21%Yield on earning assets
1.40%Cost of funding earning assets
2.80%Net interest margin
1.67%Noninterest income to earning assets
3.11%Noninterest expense to earning assets
0.82%Net operating income to assets
0.73%Return on assets (ROA)
1.03%Pretax return on assets
7.26%Return on equity (ROE)
2.77%Retained earnings to average equity (YTD only)
0.06%Net charge-offs to loans
288.46%Credit loss provision to net charge-offs
50.54%Efficiency ratio
68,709Assets per employee
3.87%Cash dividends to net income (YTD only)
Condition Ratios (%)
61.86%Loss allowance to loans
0.64%Loss allowance to noncurrent loans
98.92%Noncurrent assets plus other real estate owned to assets
1.05%Noncurrent loans to loans
0.65%Net loans and leases to deposits
54.73%Net loans and leases to core deposits
56.48%Equity capital to assets
10.57%Core capital (leverage) ratio
10.32%Tier 1 risk-based capital ratio
19.76%Total risk-based capital ratio
Memoranda
$20Average assets
$106,491Average earning assets
$10,683Average equity
$96,332Average loans
List of branches
1 Colorado Branch as of April 05, 2012
No
ID
Name
Address
Established
Service Type
Map
0
42273
Morgan Federal Bank
321 Ensign Street, Fort Morgan, CO 80701
May 20, 1935
Full Service Brick and Mortar
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