Morton Community Bank Rates, Fees & Info

Morton, IL

LEI: 549300SNZET0P5BZ3J56

Tax ID: 37-0808298

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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  • SimulatedRates™
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    • Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Similar Lenders
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Bank Data

  • Branches
  • Income
  • Loan Types
  • Deposit Mix
  • Loan Performance
  • Assets
  • Business Loans

    • Review & 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 by origination volume include: Peoria, Champaign, Bloomington, Lafayette, and Chicago among others. We have data for 31 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Morton Community Bank has an above average approval rate when compared to the average across all lenders. They have an above average pick rate when compared to similar lenders. Morton Community Bank is typically a low fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have about average rates.

    We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.

    Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

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    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    Home Equity Line of Credit (HELOC) 6.27% 4/18/24
    30 Year Conventional Purchase 6.79% 4/18/24
    30 Year Conventional Refi 6.86% 4/18/24
    30 Year Cash-out Refi 6.86% 4/18/24
    15 Year Conventional Purchase 6.04% 4/18/24
    15 Year Conventional Refi 6.35% 4/18/24
    15 Year Cash-out Refi 6.35% 4/18/24
    These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates.

    Morton Community Bank Mortgage Calculator






    Your Estimates

    Estimated Loan Payment: Update the calculator values and click calculate payment!

    This is not an official calculator from Morton Community Bank. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

    The default purchase price is the median sales price across the US for 2022Q4, per FRED.


    Originations

    1,126

    Origination Dollar Volume (All Markets)

    $264,510,000

    Employee count

    441 Show all (5) awards

    Top Markets

    Zoom/scroll map to see bank's per metro statistics. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results. This map shows top 10 markets in the map viewport, as defined by descending origination volume.

    Market Originations Total Value Average Loan Average Fees Average Rate
    PEORIA, IL (FHA|USDA|VA) 866 $123,320,000 $142,402 $1,882 4.28%
    CHAMPAIGN-URBANA, IL (FHA|USDA|VA) 20 $82,450,000 $4,122,500 $2,256 4.66%
    BLOOMINGTON, IL (FHA|USDA|VA) 59 $26,105,000 $442,458 $1,867 4.15%
    Outside of Metro Areas 69 $6,805,000 $98,623 $1,955 4.29%
    LAFAYETTE-WEST LAFAYETTE, IN (FHA|USDA|VA) 2 $5,270,000 $2,635,000 $2,279 4.31%
    Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 16 $4,660,000 $291,250 $2,636 4.17%
    Macomb, IL (FHA|USDA|VA) 29 $3,485,000 $120,172 $2,259 4.12%
    Galesburg, IL (FHA|USDA|VA) 9 $1,585,000 $176,111 $2,129 3.92%
    Taylorville, IL (FHA|USDA|VA) 1 $1,105,000 $1,105,000 $0 5.15%
    NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 3 $1,075,000 $358,333 $3,784 3.67%
    NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 2 $1,030,000 $515,000 $0 5.15%
    Pontiac, IL (FHA|USDA|VA) 6 $830,000 $138,333 $2,127 4.50%
    CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 4 $640,000 $160,000 $2,691 4.09%
    Charleston-Mattoon, IL (FHA|USDA|VA) 6 $630,000 $105,000 $1,861 4.23%
    ST. LOUIS, MO-IL (FHA|USDA|VA) 4 $590,000 $147,500 $2,006 4.00%
    Ottawa, IL (FHA|USDA|VA) 6 $570,000 $95,000 $2,424 4.10%
    LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) 1 $545,000 $545,000 $2,006 6.00%
    MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) 2 $490,000 $245,000 $1,874 4.19%
    CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 1 $485,000 $485,000 $3,112 4.50%
    INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 2 $430,000 $215,000 $2,088 4.38%
    Mount Vernon, IL (FHA|USDA|VA) 1 $385,000 $385,000 $2,743 3.38%
    IOWA CITY, IA (FHA|USDA|VA) 2 $370,000 $185,000 $1,823 4.06%
    TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 3 $345,000 $115,000 $2,082 4.88%
    KANKAKEE, IL (FHA|USDA|VA) 1 $295,000 $295,000 $2,595 3.50%
    DECATUR, IL (FHA|USDA|VA) 2 $260,000 $130,000 $0 5.75%
    SPRINGFIELD, IL (FHA|USDA|VA) 3 $255,000 $85,000 $1,329 4.38%
    DAVENPORT-MOLINE-ROCK ISLAND, IA-IL (FHA|USDA|VA) 2 $200,000 $100,000 $853 5.25%
    Lincoln, IL (FHA|USDA|VA) 1 $105,000 $105,000 $1,930 3.00%
    FORT WAYNE, IN (FHA|USDA|VA) 1 $75,000 $75,000 $1,923 4.13%
    PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 1 $75,000 $75,000 $3,178 4.13%
    West Plains, MO (FHA|USDA|VA) 1 $45,000 $45,000 $2,056 5.00%
    Morton Community Bank's top markets include Peoria, Champaign, Bloomington, Lafayette, and Chicago among others.

    Their top states include:
  • Illinois (FHA|USDA|VA)
  • Indiana (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Tennessee (FHA|USDA|VA)
  • Missouri (FHA|USDA|VA)

    • Similar Lenders

    We use machine learning to identify the top lenders compared against Morton Community Bank based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    First Bankers Trust Company
    Similarity Rank: 39
    Liberty Bank for Savings
    Similarity Rank: 85
    UNIVERSITY OF ILLINOIS COMMUNITY
    Similarity Rank: 150
    HEARTLAND
    Similarity Rank: 182
    THE FAMILY CREDIT UNION
    Similarity Rank: 217
    ASCENTRA
    Similarity Rank: 234
    Petefish, Skiles & Co.
    Similarity Rank: 315
    I. H. MISSISSIPPI VALLEY CREDIT UNION
    Similarity Rank: 320
    Prairie State Bank and Trust
    Similarity Rank: 322
    EDUCATORS CREDIT UNION
    Similarity Rank: 352

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 1,126 $264,510,000 $234,911 $1,929 4.28%

    For 2019, Morton Community Bank's most frequently originated type of loan was Conventional, with 1,126 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 659 $107,745,000 $163,498 $2,017 4.39%
    Refi 335 $139,505,000 $416,433 $1,822 4.08%
    Cash Out Refi 81 $9,695,000 $119,691 $1,951 4.05%
    Other 27 $1,575,000 $58,333 $1,419 4.34%
    Home Improvement 24 $5,990,000 $249,583 $1,845 4.53%

    For 2019, Morton Community Bank's most frequently cited loan purpose was Home Purchase, with 659 originations. The 2nd most popular reason was Refi, with 335 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 594 $91,300,000 $153,704 $2,043 4.16%
    15 Year 232 $26,120,000 $112,586 $1,719 3.74%
    5 Year 160 $35,140,000 $219,625 $705 5.12%
    20 Year 43 $6,045,000 $140,581 $1,999 4.16%
    1 Year 35 $4,185,000 $119,571 $855 5.79%
    10 Year 34 $62,640,000 $1,842,353 $1,592 4.08%
    Other 22 $38,140,000 $1,733,636 $1,666 4.81%
    3 Year 6 $940,000 $156,667 $0 4.98%

    For 2019, Morton Community Bank's most frequently cited loan duration was 30 Year, with 594 originations. The 2nd most popular length was 15 Year, with 232 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 877 $123,805,000 $141,169
    $1k-2k 11 $2,145,000 $195,000
    $2k-3k 4 $510,000 $127,500

    Morton Community Bank's average total fees were $2,043, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 877 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 506 $142,640,000 $281,897
    4-5% 389 $81,055,000 $208,368
    5-6% 197 $34,505,000 $175,152
    2.5-3% 29 $5,825,000 $200,862
    6-7% 5 $485,000 $97,000

    During 2019, Morton Community Bank's average interest rate for loans was 4.16%, while their most frequently originated rate bucket for loans was 3-4%, with 506 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 507 $31,095,000 $61,331 $1,757 4.44%
    $100k-200k 397 $56,875,000 $143,262 $1,931 4.17%
    $200k-400k 166 $44,370,000 $267,289 $2,194 4.01%
    $400k-600k 31 $14,225,000 $458,871 $2,594 4.11%
    $1MM+ 15 $110,965,000 $7,397,667 $0 4.38%
    $600k-1MM 10 $6,980,000 $698,000 $3,555 4.60%

    2019 saw Morton Community Bank place emphasis on $100,000 or less loans with 507 originations, totaling $31,095,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 257 $19,055,000 $74,144 $1,825 4.26%
    $50k-75k 207 $21,715,000 $104,903 $1,822 4.27%
    $100k-150k 192 $31,450,000 $163,802 $2,004 4.11%
    $75k-100k 173 $21,485,000 $124,191 $1,942 4.22%
    $150k-250k 126 $27,740,000 $220,159 $2,234 4.15%
    $250k+ 51 $14,315,000 $280,686 $2,218 4.27%

    Morton Community Bank lent most frequently to those with incomes in the $50k or less range, with 257 originations. The second most popular income band? $50k-75k, with 207 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 272 $38,090,000 $140,037 $1,853 4.00%
    30-36% 183 $25,795,000 $140,956 $2,025 4.13%
    <20% 148 $19,930,000 $134,662 $1,919 3.98%
    44% 35 $4,425,000 $126,429 $1,782 4.37%
    40% 31 $4,485,000 $144,677 $2,012 4.12%
    39% 29 $4,205,000 $145,000 $1,962 4.01%
    43% 27 $3,795,000 $140,556 $2,011 4.39%
    42% 26 $3,390,000 $130,385 $1,921 4.29%
    38% 26 $3,480,000 $133,846 $1,961 4.46%
    41% 26 $4,040,000 $155,385 $1,888 3.97%
    45% 24 $3,350,000 $139,583 $2,125 4.21%
    37% 21 $2,605,000 $124,048 $1,834 3.98%
    36% 20 $2,920,000 $146,000 $2,011 4.38%
    48% 14 $2,090,000 $149,286 $2,034 4.27%
    46% 12 $2,110,000 $175,833 $2,163 3.79%
    49% 11 $1,685,000 $153,182 $1,883 4.43%
    47% 10 $1,270,000 $127,000 $1,860 4.58%
    50-60% 7 $745,000 $106,429 $1,827 4.52%
    >60% 6 $840,000 $140,000 $1,836 4.63%

    Morton Community Bank lent most frequently to those with DTI ratios of 20-30%, with 272 originations. The next most common DTI ratio? 30-36%, with 183 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 1,006 $136,140,000 $135,328 $1,931 4.20%
    Not applicable 92 $124,120,000 $1,349,130 $0 5.00%
    Black 12 $2,020,000 $168,333 $1,707 4.89%
    Asian 6 $1,170,000 $195,000 $1,785 4.03%
    Not provided 9 $935,000 $103,889 $1,990 4.31%
    American Indian 1 $125,000 $125,000 $1,815 4.25%

    Approval Rates

    Total approvals of all applications
    90.06%

    Morton Community Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    91.65%

    Morton Community Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 1,126 $264,510,000 $234,911

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 46 $119,950,000 $2,607,609
    Single Family (1-4 Units):Manufactured 7 $395,000 $56,429
    Single Family (1-4 Units):Site-Built 1,073 $144,165,000 $134,357

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 72 $8,970,000 $124,583 $1,431 4.49%
    40-60% 138 $36,460,000 $264,203 $1,919 4.12%
    60-80% 501 $150,735,000 $300,868 $1,986 4.29%
    80-100% 388 $60,860,000 $156,856 $1,986 4.24%
    Over 100% 4 $1,360,000 $340,000 $2,017 4.41%
    Under 20% 23 $6,125,000 $266,304 $1,151 4.91%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    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 $72,906
    Morton Community Bank 147 East Fort Street Farmington, IL 61531 Full Service B&M $9,421
    Morton Community Bank 1400 East Jackson Street Macomb, IL 61455 Limited, Drive-thru $0
    Morton Community Bank 127 South Side Square Macomb, IL 61455 Full Service B&M $231,077
    Morton Community Bank 1301 South Main Street Morton, IL 61550 Full Service B&M $44,942
    Morton Community Bank 1605 North Tremont Street Spring Bay, IL 61611 Full Service B&M $9,043
    Morton Community Bank 100 South Chestnut Tremont, IL 61568 Full Service B&M $48,375
    Morton Community Bank 101 East Evergreen Street Elmwood, IL 61529 Full Service B&M $12,163
    Morton Community Bank 101 S Jefferson Washburn, IL 61570 Limited, Drive-thru $30,897
    Morton Community Bank 105 East Main Street Princeville, IL 61559 Full Service B&M $12,709
    Morton Community Bank 105 South Adams Manito, IL 61546 Full Service B&M $52,225
    Morton Community Bank 1100 West Jackson Street Macomb, IL 61455 Limited, Drive-thru $0
    Morton Community Bank 119 West 5th Street Minonk, IL 61760 Full Service B&M $82,934
    Morton Community Bank 12223 W Farmington Road Hanna City, IL 61536 Full Service B&M $30,235
    Morton Community Bank 1881 Washington Road Washington, IL 61571 Full Service B&M $85,007
    Morton Community Bank 201 North Main Street Toluca, IL 61369 Full Service B&M $40,914
    Morton Community Bank 201clock Tower Dr East Peoria, IL 61611 Full Service B&M $171,973
    Morton Community Bank 205 South Main Street Eureka, IL 61530 Full Service B&M $67,732
    Morton Community Bank 218 North Main Street Morton, IL 61550 Full Service B&M $80,249
    Morton Community Bank 2301 Washington Road East Peoria, IL 61611 Full Service B&M $28,608
    Morton Community Bank 2400 East Washington Road East Peoria, IL 61611 Full Service B&M $170,661
    Morton Community Bank 2807 E. Empire Street Bloomington, IL 61704 Full Service B&M $62,813
    Morton Community Bank 3100 West Harmon Highway Peoria, IL 61604 Full Service B&M $27,021
    Morton Community Bank 313 5th Street Lacon, IL 61540 Full Service B&M $21,213
    Morton Community Bank 3420 W Willow Knolls Drive Peoria, IL 61614 Full Service B&M $72,384
    Morton Community Bank 411 South Vine Street Arthur, IL 61911 Full Service B&M $109,917
    Morton Community Bank 416 West Front Street Roanoke, IL 61561 Full Service B&M $86,903
    Morton Community Bank 4488 N Prospect Road Peoria Heights, IL 61616 Full Service B&M $25,945
    Morton Community Bank 4730 North University Street Peoria, IL 61614 Full Service B&M $131,146
    Morton Community Bank 601 Court St Pekin, IL 61554 Full Service B&M $135,505
    Morton Community Bank 615 North Trivoli Avenue Trivoli, IL 61569 Full Service B&M $30,228
    Morton Community Bank 617 West Garfield Avenue Bartonville, IL 61607 Full Service B&M $14,525
    Morton Community Bank 6907 North Knoxville Avenue Peoria, IL 61614 Full Service B&M $51,366
    Morton Community Bank 701 N Minier Ave Minier, IL 61759 Full Service B&M $54,309
    Morton Community Bank 721 West Jackson Street Morton, IL 61550 Full Service B&M $856,201
    Morton Community Bank 804 West Oak Street Fairbury, IL 61739 Full Service B&M $34,329
    Morton Community Bank Main Street And Penn Avenue Roseville, IL 61473 Full Service B&M $18,135

    For 2019, Morton Community Bank had 38 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $153,339
    Net interest income $110,214
    Total noninterest income $13,268
    Gross Fiduciary activities income $1,288
    Service charges on deposit accounts $2,490
    Trading account gains and fees $0
    Additional Noninterest Income $9,490
    Pre-tax net operating income $58,156
    Securities gains (or losses, -) $-4
    Income before extraordinary items $57,656
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $57,656
    Minority interest net income $0
    Net income $57,656
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $57,659

    Morton Community Bank's gross interest income from loans was $153,339,000.
    Morton Community Bank's net interest income from loans was $110,214,000.
    Morton Community Bank's fee based income from loans was $2,490,000.
    Morton Community Bank's net income from loans was $57,656,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $43,125
    Provision for credit losses $6,380
    Total noninterest expense $58,946
    Salaries and employee benefits $35,668
    Premises and equipment expense $6,003
    Additional noninterest expense $17,275
    Applicable income taxes $496
    Net charge-offs $5,722
    Cash dividends $61,000

    Morton Community Bank's interest expense for loans was $43,125,000.
    Morton Community Bank's payroll and benefits expense were $35,668,000.
    Morton Community Bank's property, plant and equipment expenses $6,003,000.

    Loan Performance

    Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
    All loans 1.0%
    Real Estate loans 0.0%
    Construction & Land Development loans 0.0%
    Nonfarm, nonresidential loans 0.0%
    Multifamily residential loans 1.0%
    1-4 family residential loans 2.0%
    HELOC loans 0.0%
    All other family 2.0%
    Commercial & industrial loans 2.0%
    Personal loans 0.0%
    Credit card loans 0.4%
    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 $3,210,537
    Deposits held in domestic offices $3,210,537
    Deposits by Individuals, partnerships, and corporations $2,567,122
    Deposits by U.S. Government $1
    Deposits by States and political subdivisions in the U.S. $626,479
    Deposits by Commercial banks and other depository institutions in U.S. $16,935
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $474,260
    Demand deposits $449,212
    Nontransaction accounts $2,736,277
    Money market deposit accounts (MMDAs) $691,164
    Other savings deposits (excluding MMDAs) $1,181,893
    Total time deposits $863,219
    Total time and savings deposits $2,761,325
    Noninterest-bearing deposits $445,332
    Interest-bearing deposits $2,765,205
    Retail deposits $2,844,298
    IRAs and Keogh plan accounts $87,021
    Brokered deposits $240,823
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $4,048,788
    Cash & Balances due from depository institutions $136,656
    Interest-bearing balances $94,797
    Total securities $872,139
    Federal funds sold & reverse repurchase $13,126
    Net loans and leases $2,829,845
    Loan and leases loss allowance $24,858
    Trading account assets $0
    Bank premises and fixed assets $45,316
    Other real estate owned $21,443
    Goodwill and other intangibles $37,001
    All other assets $93,262

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $4,048,788
    Total Liabilities $3,620,724
    Total deposits $3,210,537
    Interest-bearing deposits $2,765,205
    Deposits held in domestic offices $3,210,537
    % insured (estimated) $81
    Federal funds purchased and repurchase agreements $12,467
    Trading liabilities $0
    Other borrowed funds $383,942
    Subordinated debt $0
    All other liabilities $13,778

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $2,829,845
    Loan and leases loss allowance $24,858
    Total loans and leases (domestic) $2,854,703
    All real estate loans $2,036,557
    Real estate loans in domestic offices $2,036,557
    Construction and development loans $218,047
    Residential 1-4 family construction $16,178
    Other construction, all land development and other land $201,869
    Loans secured by nonfarm nonresidential properties $840,790
    Nonfarm nonresidential secured by owner-occupied properties $384,657
    Commercial real estate & other non-farm, non-residential $456,133
    Multifamily residential real estate $311,749
    1-4 family residential loans $434,149
    Farmland loans $231,822
    Loans held in foreign offices $0
    Farm loans $126,203
    Commercial and industrial loans $459,175
    To non-U.S. addressees $0
    Loans to individuals $87,228
    Credit card loans $3,176
    Related Plans $49,617
    Consumer Auto Loans $12,442
    Other loans to individuals $21,993
    All other loans & leases $146,670
    Loans to foreign governments and official institutions $0
    Other loans $27,004
    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 $13,023
    Non 1-4 family restructured loans & leases $12,048
    Total loans and leases (foreign) $0

    Morton Community Bank had $2,829,845,000 of loans outstanding in 2019. $2,036,557,000 of loans were in real estate loans. $218,047,000 of loans were in development loans. $311,749,000 of loans were in multifamily mortgage loans. $434,149,000 of loans were in 1-4 family mortgage loans. $126,203,000 of loans were in farm loans. $3,176,000 of loans were in credit card loans. $12,442,000 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 1,045 $225,868 $216,142
    Nonfarm, nonresidential loans - <$100k 300 $13,858 $46,193
    Nonfarm, nonresidential loans - $100-250k 326 $44,049 $135,120
    Nonfarm, nonresidential loans - $250k-1MM 419 $167,961 $400,862
    Commercial & Industrial, US addressed loans - <$1MM 5,236 $210,840 $40,267
    Commercial & Industrial, US addressed loans - <$100k 4,290 $48,228 $11,242
    Commercial & Industrial, US addressed loans - $100-250k 543 $47,877 $88,171
    Commercial & Industrial, US addressed loans - $250k-1MM 403 $114,735 $284,702
    Farmland loans - <$1MM 701 $110,994 $158,337
    Farmland loans - <$100k 216 $9,700 $44,907
    Farmland loans - $100-250k 268 $37,947 $141,593
    Farmland loans - $250k-1MM 217 $63,347 $291,922
    Agriculture operations loans - <$1MM 1,165 $73,620 $63,193
    Agriculture operations loans - <$100k 812 $19,897 $24,504
    Agriculture operations loans - $100-250k 224 $24,148 $107,804
    Agriculture operations loans - $250k-1MM 129 $29,575 $229,264