Morton Community Bank Rates, Fees & Info
Morton, ILLEI: 549300SNZET0P5BZ3J56
Tax ID: 37-0808298
2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Bank Data
Overview
Morton Community Bank is a smaller bank specializing in Home Purchase and Refi loans. Morton Community Bank has a high proportion of conventional loans. Their top markets include Peoria, Champaign, Bloomington, Macomb, and St. Louis among others. Morton Community Bank has an average approval rate for mortages when compared nationally. They have an average pick rate when compared to the same sample of other lendors. Morton Community Bank is typically a low fee lendor.Originations
1,817Origination Dollar Volume (All Markets)
$365,895,000Employee count
420Awards
Morton Community Bank - 2021
Morton Community Bank is a 2021 , due to their low .
For 2021, less than of lenders were eligible for this award.
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Relative Rate
Morton Community Bank's average 30 year fixed rate mortgage of loans were
3.21%.
The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.
This yields a difference of 0.06%.
Relative Fees
Morton Community Bank's average total fees for a 30 year fixed rate
mortgage are $2,057.
The average total origination fees for 30 year fixed rate mortgages (for all loan values, including
both points & up-front fees in addition to origination fees) are $4,750.
Top Markets
| Market | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| PEORIA, IL (FHA|USDA|VA) | 1,404 | $213,540,000 | $152,094 | $1,889 | 3.42% |
| CHAMPAIGN-URBANA, IL (FHA|USDA|VA) | 32 | $75,910,000 | $2,372,188 | $2,042 | 3.40% |
| BLOOMINGTON, IL (FHA|USDA|VA) | 81 | $27,605,000 | $340,802 | $2,078 | 3.15% |
| Outside of Metro Areas | 91 | $12,105,000 | $133,022 | $1,990 | 3.43% |
| Macomb, IL (FHA|USDA|VA) | 60 | $6,230,000 | $103,833 | $2,154 | 3.25% |
| ST. LOUIS, MO-IL (FHA|USDA|VA) | 8 | $4,410,000 | $551,250 | $3,420 | 3.35% |
| INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) | 1 | $2,805,000 | $2,805,000 | $0 | 3.70% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 7 | $2,605,000 | $372,143 | $3,713 | 3.55% |
| DAVENPORT-MOLINE-ROCK ISLAND, IA-IL (FHA|USDA|VA) | 20 | $2,440,000 | $122,000 | $1,943 | 3.87% |
| Sterling, IL (FHA|USDA|VA) | 28 | $2,270,000 | $81,071 | $2,001 | 3.58% |
| Pontiac, IL (FHA|USDA|VA) | 14 | $1,890,000 | $135,000 | $2,132 | 3.32% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 10 | $1,720,000 | $172,000 | $3,187 | 3.11% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 3 | $1,485,000 | $495,000 | $9,065 | 4.08% |
| Ottawa, IL (FHA|USDA|VA) | 12 | $1,400,000 | $116,667 | $2,581 | 3.19% |
| Galesburg, IL (FHA|USDA|VA) | 7 | $1,335,000 | $190,714 | $2,100 | 2.93% |
| FLAGSTAFF, AZ (FHA|USDA|VA) | 1 | $1,165,000 | $1,165,000 | $8,018 | 3.63% |
| DECATUR, IL (FHA|USDA|VA) | 3 | $1,105,000 | $368,333 | $1,862 | 4.13% |
| Charleston-Mattoon, IL (FHA|USDA|VA) | 9 | $975,000 | $108,333 | $2,186 | 3.36% |
| SALEM, OR (FHA|USDA|VA) | 2 | $800,000 | $400,000 | $5,575 | 4.19% |
| Lincoln, IL (FHA|USDA|VA) | 3 | $695,000 | $231,667 | $2,542 | 2.96% |
| SPRINGFIELD, IL (FHA|USDA|VA) | 2 | $630,000 | $315,000 | $0 | 4.06% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 2 | $430,000 | $215,000 | $0 | 3.90% |
| Clinton, IA (FHA|USDA|VA) | 5 | $355,000 | $71,000 | $1,677 | 3.73% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $4,162 | 2.88% |
| Whitewater, WI (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $3,230 | 2.63% |
| LOUISVILLE/JEFFERSON COUNTY, KY-IN (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $3,170 | 2.38% |
| CARBONDALE-MARION, IL (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $2,603 | 2.25% |
| Taylorville, IL (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $1,919 | 3.13% |
| PUNTA GORDA, FL (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $2,566 | 3.00% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $2,568 | 3.25% |
| TERRE HAUTE, IN (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $1,861 | 3.88% |
| Burlington, IA-IL (FHA|USDA|VA) | 2 | $90,000 | $45,000 | $1,788 | 3.63% |
| IOWA CITY, IA (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 6.00% |
| Sikeston, MO (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 4.50% |
Morton Community Bank's top markets include Peoria, Champaign, Bloomington, Macomb, and St. Louis among others.
Product Mix
| Loan Type | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Conventional | 1,817 | $365,895,000 | $201,373 | $1,969 | 3.41% |
For the 2021 period, Morton Community Bank's most frequently originated loan type of loans were Conventional, with 1,817 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Home Purchase | 885 | $185,625,000 | $209,746 | $2,094 | 3.32% |
| Refi | 577 | $146,125,000 | $253,250 | $1,806 | 3.32% |
| Cash Out Refi | 159 | $21,615,000 | $135,943 | $2,043 | 3.02% |
| Home Improvement | 115 | $6,725,000 | $58,478 | $1,373 | 4.43% |
| Other | 81 | $5,805,000 | $71,667 | $1,482 | 4.36% |
For the 2021, Morton Community Bank's most frequently cited loan purpose of loans were Home Purchase, with 885 originations. The 2nd most popular reason of loans were Refi, with 577 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 30 Year | 725 | $121,305,000 | $167,317 | $2,057 | 3.21% |
| 15 Year | 386 | $52,190,000 | $135,207 | $1,880 | 2.70% |
| 10 Year | 330 | $70,110,000 | $212,455 | $1,720 | 4.24% |
| 5 Year | 196 | $50,110,000 | $255,663 | $750 | 4.03% |
| 20 Year | 66 | $9,110,000 | $138,030 | $1,967 | 3.07% |
| 1 Year | 58 | $9,790,000 | $168,793 | $0 | 3.78% |
| Other | 44 | $51,710,000 | $1,175,227 | $1,984 | 3.81% |
| 3 Year | 12 | $1,570,000 | $130,833 | $0 | 3.84% |
For the 2021, Morton Community Bank's most frequently cited loan length of loans were 30 Year, with 725 originations. The 2nd most popular length of loans were 15 Year, with 386 originations.
Origination Fees
| Origination Fee | Originations | Total Value | Average Loan |
|---|---|---|---|
| $<1k | 1,259 | $191,905,000 | $152,427 |
| $1k-2k | 10 | $2,110,000 | $211,000 |
| $3k-4k | 2 | $680,000 | $340,000 |
| $2k-3k | 1 | $115,000 | $115,000 |
| $5k+ | 1 | $225,000 | $225,000 |
$2,057 of loans were Morton Community Bank's average total fees, while their most frequently occuring range of origination fees were in the $<1k bucket, with 1,259 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 3-4% | 680 | $165,540,000 | $243,441 |
| 2.5-3% | 483 | $110,095,000 | $227,940 |
| 4-5% | 411 | $59,575,000 | $144,951 |
| <2.5% | 225 | $30,015,000 | $133,400 |
| 5-6% | 18 | $670,000 | $37,222 |
During 2021, Morton Community Bank's average interest rate of loans were 3.21%, while their most frequently originated rate bucket of loans were 3-4%, with 680 originations.
Loan Sizing
| Loan Size | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $100,000 or less | 845 | $48,535,000 | $57,438 | $1,784 | 3.63% |
| $100k-200k | 589 | $81,735,000 | $138,769 | $1,906 | 3.20% |
| $200k-400k | 294 | $78,790,000 | $267,993 | $2,191 | 3.18% |
| $400k-600k | 55 | $25,535,000 | $464,273 | $2,872 | 3.28% |
| $1MM+ | 19 | $119,955,000 | $6,313,421 | $8,542 | 3.54% |
| $600k-1MM | 15 | $11,345,000 | $756,333 | $3,865 | 3.89% |
2021 saw Morton Community Bank place emphasis on $100,000 or less loans with 845 originations, totaling $48,535,000 in origination value.
Applicant Income
| Applicant Income | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $50k or less | 362 | $25,380,000 | $70,110 | $1,804 | 3.46% |
| $50k-75k | 352 | $36,410,000 | $103,438 | $1,974 | 3.35% |
| $100k-150k | 329 | $51,735,000 | $157,249 | $2,020 | 3.33% |
| $75k-100k | 301 | $36,995,000 | $122,907 | $1,967 | 3.25% |
| $150k-250k | 188 | $37,070,000 | $197,181 | $2,109 | 3.39% |
| $250k+ | 101 | $30,545,000 | $302,426 | $2,515 | 3.42% |
Morton Community Bank lent most frequently to those with incomes in the $50k or less range, with 362 originations. The second most popular income band? $50k-75k, with 352 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 20-30% | 483 | $62,775,000 | $129,969 | $1,959 | 3.26% |
| <20% | 321 | $39,475,000 | $122,975 | $1,884 | 3.34% |
| 30-36% | 285 | $39,195,000 | $137,526 | $1,944 | 3.29% |
| 36% | 45 | $5,785,000 | $128,556 | $1,854 | 3.23% |
| 42% | 44 | $6,500,000 | $147,727 | $1,975 | 3.38% |
| 38% | 44 | $7,720,000 | $175,455 | $2,059 | 3.15% |
| 39% | 42 | $7,620,000 | $181,429 | $2,019 | 3.26% |
| 41% | 38 | $6,280,000 | $165,263 | $2,169 | 3.57% |
| 40% | 37 | $5,875,000 | $158,784 | $1,948 | 3.36% |
| 44% | 35 | $6,285,000 | $179,571 | $2,375 | 3.59% |
| 43% | 33 | $4,285,000 | $129,848 | $2,056 | 3.40% |
| 37% | 32 | $4,140,000 | $129,375 | $1,930 | 3.38% |
| 49% | 22 | $3,660,000 | $166,364 | $2,040 | 3.52% |
| 45% | 21 | $3,155,000 | $150,238 | $2,073 | 3.26% |
| 46% | 21 | $3,625,000 | $172,619 | $2,263 | 3.34% |
| 47% | 18 | $2,960,000 | $164,444 | $2,128 | 3.08% |
| 48% | 16 | $2,500,000 | $156,250 | $2,094 | 3.07% |
| >60% | 9 | $675,000 | $75,000 | $1,820 | 4.00% |
| 50-60% | 6 | $660,000 | $110,000 | $2,397 | 3.33% |
Morton Community Bank lent most frequently to those with DTI ratios of 20-30%, with 483 originations. The next most common DTI ratio? <20%, with 321 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 1,622 | $218,470,000 | $134,692 | $1,960 | 3.36% |
| Not applicable | 135 | $140,055,000 | $1,037,444 | $0 | 3.94% |
| Not provided | 20 | $2,750,000 | $137,500 | $2,402 | 3.22% |
| Black | 25 | $2,005,000 | $80,200 | $1,895 | 3.71% |
| Asian | 9 | $1,415,000 | $157,222 | $2,056 | 3.22% |
| Asian Indian | 2 | $790,000 | $395,000 | $4,003 | 3.13% |
| American Indian | 4 | $410,000 | $102,500 | $2,030 | 3.59% |
Approval Rates
Total approvals of all applications89.05%
Morton Community Bank has an average approval rate.
Pick Rate
Approvals leading to origination91.31%
Morton Community Bank has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 1,817 | $365,895,000 | $201,373 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| 1,817 | $365,895,000 | $201,373 |
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 20-40% | 168 | $11,540,000 | $68,690 | $1,557 | 3.96% |
| 40-60% | 260 | $35,420,000 | $136,231 | $1,961 | 3.24% |
| 60-80% | 709 | $191,915,000 | $270,684 | $2,032 | 3.28% |
| 80-100% | 557 | $120,455,000 | $216,257 | $2,013 | 3.26% |
| Over 100% | 1 | $95,000 | $95,000 | $0 | 4.75% |
| Under 20% | 122 | $6,470,000 | $53,033 | $818 | 4.46% |
Bank Details
Branches
| Bank Name | Branch | Branch Type | Deposits (000's) |
|---|---|---|---|
| Morton Community Bank | 105 South Adams Manito, IL 61546 | Full Service B&M | $58,478 |
| Morton Community Bank | 1100 West Jackson Street Macomb, IL 61455 | Limited, Drive-thru | $0 |
| Morton Community Bank | 12223 W Farmington Road Hanna City, IL 61536 | Full Service B&M | $37,655 |
| Morton Community Bank | 119 West 5th Street Minonk, IL 61760 | Full Service B&M | $132,224 |
| Morton Community Bank | 218 North Main Street Morton, IL 61550 | Full Service B&M | $90,748 |
| Morton Community Bank | 601 Court St Pekin, IL 61554 | Full Service B&M | $174,636 |
| Morton Community Bank | 101 S Jefferson Washburn, IL 61570 | Limited, Drive-thru | $36,860 |
| Morton Community Bank | 105 East Main Street Princeville, IL 61559 | Full Service B&M | $14,192 |
| Morton Community Bank | 2229 S. Neil Street Champaign, IL 61820 | Full Service B&M | $6,647 |
| Morton Community Bank | 230 Main Street Hillsdale, IL 61257 | Full Service B&M | $43,708 |
| Morton Community Bank | 2301 Washington Road East Peoria, IL 61611 | Full Service B&M | $31,669 |
| Morton Community Bank | 2311 West Pioneer Parkway Peoria, IL 61615 | Full Service B&M | $46,375 |
| Morton Community Bank | 2400 East Washington Road East Peoria, IL 61611 | Full Service B&M | $212,403 |
| Morton Community Bank | 2807 E. Empire Street Bloomington, IL 61704 | Full Service B&M | $87,811 |
| Morton Community Bank | 3100 West Harmon Highway Peoria, IL 61604 | Full Service B&M | $32,037 |
| Morton Community Bank | 313 5th Street Lacon, IL 61540 | Full Service B&M | $27,920 |
| Morton Community Bank | 3420 W Willow Knolls Drive Peoria, IL 61614 | Full Service B&M | $80,069 |
| Morton Community Bank | 411 South Vine Street Arthur, IL 61911 | Full Service B&M | $141,340 |
| Morton Community Bank | 416 West Front Street Roanoke, IL 61561 | Full Service B&M | $100,121 |
| Morton Community Bank | 4488 N Prospect Road Peoria Heights, IL 61616 | Full Service B&M | $35,547 |
| Morton Community Bank | 4730 North University Street Peoria, IL 61614 | Full Service B&M | $224,946 |
| Morton Community Bank | 100 South Chestnut Tremont, IL 61568 | Full Service B&M | $69,270 |
| Morton Community Bank | 1006 N High St Port Byron, IL 61275 | Full Service B&M | $14,826 |
| Morton Community Bank | 1007 N 4th St Chillicothe, IL 61523 | Full Service B&M | $3,070 |
| Morton Community Bank | 101 East Evergreen Street Elmwood, IL 61529 | Full Service B&M | $14,240 |
| Morton Community Bank | 615 North Trivoli Avenue Trivoli, IL 61569 | Full Service B&M | $31,810 |
| Morton Community Bank | 617 West Garfield Avenue Bartonville, IL 61607 | Full Service B&M | $24,978 |
| Morton Community Bank | 6907 North Knoxville Avenue Peoria, IL 61614 | Full Service B&M | $48,989 |
| Morton Community Bank | 700 Main Street Erie, IL 61250 | Full Service B&M | $37,409 |
| Morton Community Bank | 701 N Minier Ave Minier, IL 61759 | Full Service B&M | $62,990 |
| Morton Community Bank | 721 West Jackson Street Morton, IL 61550 | Full Service B&M | $988,789 |
| Morton Community Bank | 804 West Oak Street Fairbury, IL 61739 | Full Service B&M | $40,200 |
| Morton Community Bank | Main Street And Penn Avenue Roseville, IL 61473 | Full Service B&M | $21,904 |
| Morton Community Bank | 127 South Side Square Macomb, IL 61455 | Full Service B&M | $289,803 |
| Morton Community Bank | 1301 South Main Street Morton, IL 61550 | Full Service B&M | $55,551 |
| Morton Community Bank | 139 South Vine Street Arthur, IL 61911 | Limited, Drive-thru | $0 |
| Morton Community Bank | 14 Main Street Speer, IL 61479 | Full Service B&M | $77,510 |
| Morton Community Bank | 1400 East Jackson Street Macomb, IL 61455 | Limited, Drive-thru | $0 |
| Morton Community Bank | 147 East Fort Street Farmington, IL 61531 | Full Service B&M | $11,713 |
| Morton Community Bank | 1605 North Tremont Street Spring Bay, IL 61611 | Full Service B&M | $12,802 |
| Morton Community Bank | 1881 Washington Road Washington, IL 61571 | Full Service B&M | $101,586 |
| Morton Community Bank | 201 North Main Street Toluca, IL 61369 | Full Service B&M | $54,717 |
| Morton Community Bank | 201clock Tower Dr East Peoria, IL 61611 | Full Service B&M | $406,423 |
| Morton Community Bank | 205 South Main Street Eureka, IL 61530 | Full Service B&M | $85,643 |
| Morton Community Bank | 209 South Main Street Albany, IL 61230 | Full Service B&M | $65,294 |
For 2021, Morton Community Bank had 45 branches.
Yearly Performance Overview
Bank Income
| Item | Value (in 000's) |
|---|---|
| Total interest income | $148,382 |
| Net interest income | $129,578 |
| Total noninterest income | $15,280 |
| Gross Fiduciary activities income | $2,252 |
| Service charges on deposit accounts | $2,168 |
| Trading account gains and fees | $0 |
| Additional Noninterest Income | $10,860 |
| Pre-tax net operating income | $73,558 |
| Securities gains (or losses, -) | $-1,017 |
| Income before extraordinary items | $71,535 |
| Discontinued Operations (Extraordinary gains, net) | $0 |
| Net income of bank and minority interests | $71,535 |
| Minority interest net income | $0 |
| Net income | $71,535 |
| Sale, conversion, retirement of capital stock, net | $0 |
| Net operating income | $72,541 |
Morton Community Bank's gross interest income from loans was $148,382,000.
Morton Community Bank's net interest income from loans was $129,578,000.
Morton Community Bank's fee based income from loans was $2,168,000.
Morton Community Bank's net income from loans was $71,535,000.
Bank Expenses
| Item | Value (in 000's) |
|---|---|
| Total interest expense | $18,804 |
| Provision for credit losses | $2,500 |
| Total noninterest expense | $68,800 |
| Salaries and employee benefits | $40,120 |
| Premises and equipment expense | $6,550 |
| Additional noninterest expense | $22,130 |
| Applicable income taxes | $1,006 |
| Net charge-offs | $1,014 |
| Cash dividends | $34,000 |
Morton Community Bank's interest expense for loans was $18,804,000.
Morton Community Bank's payroll and benefits expense were $40,120,000.
Morton Community Bank's property, plant and equipment expenses $6,550,000.
Loan Performance
| Type of Loan | % of Loans Noncurrent (30+ days, end of period snapshot) |
|---|---|
| All loans | 1.0% |
| Real Estate loans | 1.0% |
| Construction & Land Development loans | 0.0% |
| Nonfarm, nonresidential loans | 3.0% |
| Multifamily residential loans | 0.0% |
| 1-4 family residential loans | 1.0% |
| HELOC loans | 0.0% |
| All other family | 1.0% |
| Commercial & industrial loans | 0.0% |
| Personal loans | 0.0% |
| Credit card loans | 0.0% |
| Other individual loans | 0.0% |
| Auto loans | 0.0% |
| Other consumer loans | 0.0% |
| Unsecured commercial real estate loans | 0.0% |
Deposits
| Type | Value (in 000's) |
|---|---|
| Total deposits | $4,064,293 |
| Deposits held in domestic offices | $4,064,293 |
| Deposits by Individuals, partnerships, and corporations | $3,194,397 |
| Deposits by U.S. Government | $2 |
| Deposits by States and political subdivisions in the U.S. | $857,300 |
| Deposits by Commercial banks and other depository institutions in U.S. | $12,595 |
| Deposits by Banks in foreign countries | $0 |
| Deposits by Foreign governments and official institutions | $0 |
| Transaction accounts | $729,665 |
| Demand deposits | $622,403 |
| Nontransaction accounts | $3,334,629 |
| Money market deposit accounts (MMDAs) | $745,634 |
| Other savings deposits (excluding MMDAs) | $1,904,409 |
| Total time deposits | $684,586 |
| Total time and savings deposits | $3,441,891 |
| Noninterest-bearing deposits | $734,545 |
| Interest-bearing deposits | $3,329,748 |
| Retail deposits | $3,642,514 |
| IRAs and Keogh plan accounts | $85,423 |
| Brokered deposits | $290,089 |
| Deposits held in foreign offices | $0 |
Assets
| Asset | Value (in 000's) |
|---|---|
| Total Assets | $4,880,056 |
| Cash & Balances due from depository institutions | $122,836 |
| Interest-bearing balances | $83,114 |
| Total securities | $1,781,208 |
| Federal funds sold & reverse repurchase | $119,923 |
| Net loans and leases | $2,672,599 |
| Loan and leases loss allowance | $39,265 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $44,434 |
| Other real estate owned | $14,214 |
| Goodwill and other intangibles | $40,548 |
| All other assets | $84,294 |
Liabilities
| Liabilities | Value (in 000's) |
|---|---|
| Total liabilities and capital | $4,880,056 |
| Total Liabilities | $4,408,247 |
| Total deposits | $4,064,293 |
| Interest-bearing deposits | $3,329,748 |
| Deposits held in domestic offices | $4,064,293 |
| % insured (estimated) | $76 |
| Federal funds purchased and repurchase agreements | $100 |
| Trading liabilities | $0 |
| Other borrowed funds | $328,687 |
| Subordinated debt | $0 |
| All other liabilities | $15,167 |
Issued Loan Types
| Type | Value (in 000's) |
|---|---|
| Net loans and leases | $2,672,599 |
| Loan and leases loss allowance | $39,265 |
| Total loans and leases (domestic) | $2,711,864 |
| All real estate loans | $1,961,256 |
| Real estate loans in domestic offices | $1,961,256 |
| Construction and development loans | $142,180 |
| Residential 1-4 family construction | $15,485 |
| Other construction, all land development and other land | $126,695 |
| Loans secured by nonfarm nonresidential properties | $801,875 |
| Nonfarm nonresidential secured by owner-occupied properties | $312,536 |
| Commercial real estate & other non-farm, non-residential | $489,339 |
| Multifamily residential real estate | $430,406 |
| 1-4 family residential loans | $398,391 |
| Farmland loans | $188,404 |
| Loans held in foreign offices | $0 |
| Farm loans | $110,398 |
| Commercial and industrial loans | $429,070 |
| To non-U.S. addressees | $0 |
| Loans to individuals | $99,546 |
| Credit card loans | $2,916 |
| Related Plans | $56,885 |
| Consumer Auto Loans | $9,378 |
| Other loans to individuals | $30,367 |
| All other loans & leases | $111,594 |
| Loans to foreign governments and official institutions | $0 |
| Other loans | $16,334 |
| Loans to depository institutions and acceptances of other banks | $0 |
| Loans not secured by real estate | $0 |
| Loans secured by real estate to non-U.S. addressees | $0 |
| Restructured Loans & leases | $3,030 |
| Non 1-4 family restructured loans & leases | $2,302 |
| Total loans and leases (foreign) | $0 |
Morton Community Bank had $2,672,599,000 of loans outstanding in 2021. $1,961,256,000 of loans were in real estate loans. $142,180,000 of loans were in development loans. $430,406,000 of loans were in multifamily mortgage loans. $398,391,000 of loans were in 1-4 family mortgage loans. $110,398,000 of loans were in farm loans. $2,916,000 of loans were in credit card loans. $9,378,000 of loans were in the auto loan category.
Small Business Loans
| Categorization | # of Loans in Category | $ amount of loans (in 000's) | Average $/loan |
|---|---|---|---|
| Nonfarm, nonresidential loans - <$1MM | 941 | $207,681 | $220,702 |
| Nonfarm, nonresidential loans - <$100k | 254 | $12,176 | $47,937 |
| Nonfarm, nonresidential loans - $100-250k | 309 | $40,987 | $132,644 |
| Nonfarm, nonresidential loans - $250k-1MM | 378 | $154,518 | $408,778 |
| Commercial & Industrial, US addressed loans - <$1MM | 4,455 | $201,699 | $45,275 |
| Commercial & Industrial, US addressed loans - <$100k | 3,552 | $49,733 | $14,001 |
| Commercial & Industrial, US addressed loans - $100-250k | 519 | $46,149 | $88,919 |
| Commercial & Industrial, US addressed loans - $250k-1MM | 384 | $105,817 | $275,565 |
| Farmland loans - <$1MM | 575 | $91,408 | $158,970 |
| Farmland loans - <$100k | 177 | $8,490 | $47,966 |
| Farmland loans - $100-250k | 225 | $31,483 | $139,924 |
| Farmland loans - $250k-1MM | 173 | $51,435 | $297,312 |
| Agriculture operations loans - <$1MM | 980 | $58,515 | $59,709 |
| Agriculture operations loans - <$100k | 671 | $16,744 | $24,954 |
| Agriculture operations loans - $100-250k | 201 | $19,021 | $94,632 |
| Agriculture operations loans - $250k-1MM | 108 | $22,750 | $210,648 |
