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™
  • Mortgage Calculator

    • 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, Davenport, and Macomb among others. We have data for 51 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Morton Community Bank has an average approval rate when compared to the average across all lenders. They have an 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% 11/21/24
    30 Year Conventional Purchase 6.79% 11/21/24
    30 Year Conventional Refi 6.86% 11/21/24
    30 Year Cash-out Refi 6.86% 11/21/24
    15 Year Conventional Purchase 6.04% 11/21/24
    15 Year Conventional Refi 6.35% 11/21/24
    15 Year Cash-out Refi 6.35% 11/21/24
    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

    2,253

    Origination Dollar Volume (All Markets)

    $394,355,000

    Employee count

    437 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) 1,646 $252,290,000 $153,275 $1,837 3.34%
    CHAMPAIGN-URBANA, IL (FHA|USDA|VA) 26 $49,530,000 $1,905,000 $1,853 3.50%
    BLOOMINGTON, IL (FHA|USDA|VA) 149 $35,245,000 $236,544 $1,764 3.05%
    Outside of Metro Areas 128 $15,030,000 $117,422 $1,952 3.43%
    DAVENPORT-MOLINE-ROCK ISLAND, IA-IL (FHA|USDA|VA) 50 $7,490,000 $149,800 $2,035 3.58%
    Macomb, IL (FHA|USDA|VA) 55 $5,795,000 $105,364 $2,017 3.08%
    Sterling, IL (FHA|USDA|VA) 54 $4,500,000 $83,333 $1,702 3.57%
    Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 12 $3,240,000 $270,000 $2,717 3.07%
    Galesburg, IL (FHA|USDA|VA) 15 $2,445,000 $163,000 $1,982 3.47%
    Pontiac, IL (FHA|USDA|VA) 30 $2,390,000 $79,667 $1,906 3.57%
    PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 4 $1,450,000 $362,500 $2,949 3.13%
    TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 6 $1,280,000 $213,333 $3,058 3.54%
    Ottawa, IL (FHA|USDA|VA) 12 $1,070,000 $89,167 $2,302 3.51%
    INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 3 $915,000 $305,000 $2,214 3.83%
    Charleston-Mattoon, IL (FHA|USDA|VA) 9 $865,000 $96,111 $2,174 3.57%
    NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 3 $825,000 $275,000 $3,882 2.75%
    CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 3 $715,000 $238,333 $2,436 2.96%
    CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 2 $650,000 $325,000 $4,608 3.38%
    SALEM, OR (FHA|USDA|VA) 2 $580,000 $290,000 $2,461 3.19%
    DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 2 $570,000 $285,000 $3,930 2.81%
    LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) 1 $545,000 $545,000 $2,743 4.13%
    Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 1 $515,000 $515,000 $5,635 2.63%
    CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 1 $485,000 $485,000 $2,547 3.13%
    BEND, OR (FHA|USDA|VA) 1 $455,000 $455,000 $3,801 3.63%
    ST. LOUIS, MO-IL (FHA|USDA|VA) 4 $390,000 $97,500 $2,188 3.72%
    CEDAR RAPIDS, IA (FHA|USDA|VA) 2 $360,000 $180,000 $1,902 3.39%
    ROCKFORD, IL (FHA|USDA|VA) 3 $355,000 $118,333 $1,655 3.08%
    Mount Vernon, IL (FHA|USDA|VA) 2 $310,000 $155,000 $2,039 3.81%
    ALBUQUERQUE, NM (FHA|USDA|VA) 1 $305,000 $305,000 $0 4.13%
    Fort Madison-Keokuk, IA-IL-MO (FHA|USDA|VA) 3 $275,000 $91,667 $1,994 2.63%
    FORT WAYNE, IN (FHA|USDA|VA) 2 $260,000 $130,000 $1,559 2.88%
    MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) 1 $245,000 $245,000 $2,051 2.75%
    LEXINGTON-FAYETTE, KY (FHA|USDA|VA) 1 $235,000 $235,000 $2,795 2.50%
    Detroit-Warren-Dearborn, MI (FHA|USDA|VA) 1 $225,000 $225,000 $2,441 3.13%
    ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 1 $205,000 $205,000 $3,433 2.75%
    CARBONDALE-MARION, IL (FHA|USDA|VA) 1 $205,000 $205,000 $2,559 2.63%
    THE VILLAGES, FL (FHA|USDA|VA) 1 $205,000 $205,000 $2,161 3.25%
    Warsaw, IN (FHA|USDA|VA) 1 $195,000 $195,000 $1,749 3.00%
    North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 1 $195,000 $195,000 $3,061 3.13%
    LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 1 $185,000 $185,000 $0 4.25%
    KANKAKEE, IL (FHA|USDA|VA) 1 $175,000 $175,000 $4,269 2.63%
    PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 1 $165,000 $165,000 $2,516 2.63%
    Clinton, IA (FHA|USDA|VA) 2 $150,000 $75,000 $866 4.00%
    DECATUR, IL (FHA|USDA|VA) 1 $145,000 $145,000 $2,266 2.88%
    Burlington, IA-IL (FHA|USDA|VA) 1 $145,000 $145,000 $1,952 3.25%
    Bluffton, IN (FHA|USDA|VA) 1 $125,000 $125,000 $1,807 2.50%
    Baraboo, WI (FHA|USDA|VA) 1 $115,000 $115,000 $2,353 3.00%
    PUNTA GORDA, FL (FHA|USDA|VA) 1 $105,000 $105,000 $2,241 3.25%
    SPRINGFIELD, IL (FHA|USDA|VA) 1 $85,000 $85,000 $1,784 2.63%
    Quincy, IL-MO (FHA|USDA|VA) 1 $65,000 $65,000 $1,842 3.75%
    Lincoln, IL (FHA|USDA|VA) 1 $55,000 $55,000 $1,674 2.88%
    Morton Community Bank's top markets include Peoria, Champaign, Bloomington, Davenport, and Macomb among others.

    Their top states include:
  • Illinois (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Iowa (FHA|USDA|VA)
  • Arizona (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.

    Collins Community Credit Union
    Similarity Rank: 42
    First Bankers Trust Company
    Similarity Rank: 69
    R.I.A. Federal Credit Union
    Similarity Rank: 126
    Mid-Illini Credit Union
    Similarity Rank: 205
    UNIVERSITY OF ILLINOIS COMMUNITY
    Similarity Rank: 216
    HEARTLAND
    Similarity Rank: 250
    CBI Bank & Trust
    Similarity Rank: 264
    Glenview State Bank
    Similarity Rank: 312
    Liberty Bank for Savings
    Similarity Rank: 312
    THE FAMILY CREDIT UNION
    Similarity Rank: 350

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 1,981 $376,705,000 $190,159 $1,879 3.15%
    HELOC 272 $17,650,000 $64,890 n/a 4.63%

    For 2020, Morton Community Bank's most frequently originated type of loan was Conventional, with 1,981 originations. Their 2nd most popular type was HELOC, with 272 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 919 $158,915,000 $172,922 $2,007 3.27%
    Refi 914 $189,060,000 $206,849 $1,759 3.21%
    Cash Out Refi 213 $34,025,000 $159,742 $2,008 3.08%
    Home Improvement 117 $6,135,000 $52,436 $1,217 4.35%
    Other 90 $6,220,000 $69,111 $1,648 4.44%

    For 2020, Morton Community Bank's most frequently cited loan purpose was Home Purchase, with 919 originations. The 2nd most popular reason was Refi, with 914 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 892 $153,380,000 $171,951 $1,975 3.10%
    15 Year 611 $93,875,000 $153,642 $1,801 2.77%
    10 Year 318 $67,460,000 $212,138 $1,595 4.40%
    5 Year 214 $28,960,000 $135,327 $720 4.13%
    20 Year 114 $17,650,000 $154,825 $1,850 3.14%
    1 Year 57 $6,845,000 $120,088 $0 4.00%
    Other 34 $19,500,000 $573,529 $1,435 3.78%
    3 Year 12 $6,380,000 $531,667 $0 3.96%
    30+ year 1 $305,000 $305,000 $5,114 3.75%

    For 2020, Morton Community Bank's most frequently cited loan duration was 30 Year, with 892 originations. The 2nd most popular length was 15 Year, with 611 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 1,680 $270,650,000 $161,101
    $1k-2k 15 $2,865,000 $191,000
    $2k-3k 4 $890,000 $222,500
    $4k-5k 1 $185,000 $185,000
    $5k+ 1 $495,000 $495,000

    Morton Community Bank's average total fees were $1,975, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 1,680 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    2.5-3% 819 $142,195,000 $173,620
    3-4% 639 $156,705,000 $245,235
    4-5% 452 $41,680,000 $92,212
    <2.5% 310 $51,750,000 $166,935
    5-6% 31 $1,985,000 $64,032
    6-7% 1 $25,000 $25,000
    7-8% 1 $15,000 $15,000

    During 2020, Morton Community Bank's average interest rate for loans was 3.10%, while their most frequently originated rate bucket for loans was 2.5-3%, with 819 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 873 $124,805,000 $142,961 $1,838 3.12%
    $100,000 or less 860 $48,610,000 $56,523 $1,732 3.70%
    $200k-400k 420 $111,480,000 $265,429 $2,001 3.04%
    $400k-600k 78 $37,260,000 $477,692 $2,717 3.12%
    $1MM+ 15 $67,135,000 $4,475,667 $0 3.65%
    $600k-1MM 7 $5,065,000 $723,571 $2,097 3.82%

    2020 saw Morton Community Bank place emphasis on $100k-200k loans with 873 originations, totaling $124,805,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 486 $79,070,000 $162,695 $1,907 3.25%
    $50k-75k 452 $49,010,000 $108,429 $1,830 3.35%
    $50k or less 388 $29,040,000 $74,845 $1,791 3.43%
    $75k-100k 318 $41,170,000 $129,465 $1,877 3.28%
    $150k-250k 283 $60,995,000 $215,530 $2,012 3.17%
    $250k+ 130 $36,240,000 $278,769 $2,297 3.19%

    Morton Community Bank lent most frequently to those with incomes in the $100k-150k range, with 486 originations. The second most popular income band? $50k-75k, with 452 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 626 $93,330,000 $149,089 $1,868 3.22%
    <20% 466 $66,970,000 $143,712 $1,865 3.16%
    30-36% 349 $48,325,000 $138,467 $1,838 3.31%
    36% 59 $9,585,000 $162,458 $2,017 3.33%
    38% 58 $9,360,000 $161,379 $1,944 3.17%
    42% 52 $7,660,000 $147,308 $1,893 3.41%
    44% 52 $7,720,000 $148,462 $2,028 3.34%
    43% 51 $7,985,000 $156,569 $1,813 3.29%
    37% 48 $6,970,000 $145,208 $1,925 3.17%
    41% 40 $6,010,000 $150,250 $1,856 3.27%
    40% 38 $6,230,000 $163,947 $1,930 3.14%
    39% 38 $5,270,000 $138,684 $1,922 3.05%
    45% 31 $5,095,000 $164,355 $1,910 3.18%
    46% 20 $3,070,000 $153,500 $1,839 3.09%
    48% 17 $3,615,000 $212,647 $2,222 3.18%
    47% 15 $2,635,000 $175,667 $2,112 3.31%
    >60% 15 $1,735,000 $115,667 $1,535 4.18%
    49% 11 $1,365,000 $124,091 $2,016 3.26%
    50-60% 10 $1,020,000 $102,000 $1,744 3.18%

    Morton Community Bank lent most frequently to those with DTI ratios of 20-30%, with 626 originations. The next most common DTI ratio? <20%, with 466 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 2,075 $299,615,000 $144,393 $1,877 3.28%
    Not applicable 119 $86,445,000 $726,429 $0 4.04%
    Asian 17 $3,205,000 $188,529 $1,901 3.01%
    Not provided 22 $2,490,000 $113,182 $1,991 3.87%
    Black 15 $1,685,000 $112,333 $1,800 3.76%
    Asian Indian 3 $735,000 $245,000 $2,523 3.08%
    American Indian 2 $180,000 $90,000 $2,207 3.00%

    Approval Rates

    Total approvals of all applications
    88.45%

    Morton Community Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    92.41%

    Morton Community Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 2,253 $394,355,000 $175,036

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 63 $83,245,000 $1,321,349
    Single Family (1-4 Units):Manufactured 13 $895,000 $68,846
    Single Family (1-4 Units):Site-Built 2,177 $310,215,000 $142,497

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 187 $16,065,000 $85,909 $1,547 3.92%
    40-60% 294 $61,820,000 $210,272 $1,803 3.22%
    60-80% 964 $200,150,000 $207,624 $1,895 3.23%
    80-100% 679 $111,055,000 $163,557 $1,979 3.15%
    Over 100% 1 $135,000 $135,000 $0 4.13%
    Under 20% 128 $5,130,000 $40,078 $877 4.45%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Morton Community Bank 1301 South Main Street Morton, IL 61550 Full Service B&M $49,537
    Morton Community Bank 101 S Jefferson Washburn, IL 61570 Limited, Drive-thru $33,209
    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 $78,424
    Morton Community Bank 4488 N Prospect Road Peoria Heights, IL 61616 Full Service B&M $27,651
    Morton Community Bank 201 North Main Street Toluca, IL 61369 Full Service B&M $47,108
    Morton Community Bank 416 West Front Street Roanoke, IL 61561 Full Service B&M $90,864
    Morton Community Bank 4730 North University Street Peoria, IL 61614 Full Service B&M $146,954
    Morton Community Bank 601 Court St Pekin, IL 61554 Full Service B&M $146,087
    Morton Community Bank 615 North Trivoli Avenue Trivoli, IL 61569 Full Service B&M $30,962
    Morton Community Bank 101 East Evergreen Street Elmwood, IL 61529 Full Service B&M $14,305
    Morton Community Bank 100 South Chestnut Tremont, IL 61568 Full Service B&M $63,543
    Morton Community Bank 1006 N High St Port Byron, IL 61275 Full Service B&M $14,723
    Morton Community Bank 105 East Main Street Princeville, IL 61559 Full Service B&M $14,343
    Morton Community Bank 105 South Adams Manito, IL 61546 Full Service B&M $54,146
    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 $87,641
    Morton Community Bank 12223 W Farmington Road Hanna City, IL 61536 Full Service B&M $31,360
    Morton Community Bank 127 South Side Square Macomb, IL 61455 Full Service B&M $285,071
    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 $10,870
    Morton Community Bank 1605 North Tremont Street Spring Bay, IL 61611 Full Service B&M $11,717
    Morton Community Bank 1881 Washington Road Washington, IL 61571 Full Service B&M $92,957
    Morton Community Bank 201clock Tower Dr East Peoria, IL 61611 Full Service B&M $229,169
    Morton Community Bank 205 South Main Street Eureka, IL 61530 Full Service B&M $72,849
    Morton Community Bank 209 South Main Street Albany, IL 61230 Full Service B&M $60,453
    Morton Community Bank 218 North Main Street Morton, IL 61550 Full Service B&M $82,757
    Morton Community Bank 2229 S. Neil Street Champaign, IL 61820 Full Service B&M $70
    Morton Community Bank 230 Main Street Hillsdale, IL 61257 Full Service B&M $37,622
    Morton Community Bank 2301 Washington Road East Peoria, IL 61611 Full Service B&M $29,095
    Morton Community Bank 2400 East Washington Road East Peoria, IL 61611 Full Service B&M $202,611
    Morton Community Bank 2807 E. Empire Street Bloomington, IL 61704 Full Service B&M $85,092
    Morton Community Bank 3100 West Harmon Highway Peoria, IL 61604 Full Service B&M $29,751
    Morton Community Bank 313 5th Street Lacon, IL 61540 Full Service B&M $24,087
    Morton Community Bank 3420 W Willow Knolls Drive Peoria, IL 61614 Full Service B&M $80,527
    Morton Community Bank 411 South Vine Street Arthur, IL 61911 Full Service B&M $125,797
    Morton Community Bank 617 West Garfield Avenue Bartonville, IL 61607 Full Service B&M $19,790
    Morton Community Bank 6907 North Knoxville Avenue Peoria, IL 61614 Full Service B&M $53,245
    Morton Community Bank 700 Main Street Erie, IL 61250 Full Service B&M $35,444
    Morton Community Bank 701 N Minier Ave Minier, IL 61759 Full Service B&M $66,500
    Morton Community Bank 721 West Jackson Street Morton, IL 61550 Full Service B&M $892,771
    Morton Community Bank 804 West Oak Street Fairbury, IL 61739 Full Service B&M $43,372
    Morton Community Bank Main Street And Penn Avenue Roseville, IL 61473 Full Service B&M $19,136

    For 2020, Morton Community Bank had 43 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $152,300
    Net interest income $122,335
    Total noninterest income $15,343
    Gross Fiduciary activities income $1,462
    Service charges on deposit accounts $2,012
    Trading account gains and fees $0
    Additional Noninterest Income $11,869
    Pre-tax net operating income $58,904
    Securities gains (or losses, -) $-6
    Income before extraordinary items $58,157
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $58,157
    Minority interest net income $0
    Net income $58,157
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $58,162

    Morton Community Bank's gross interest income from loans was $152,300,000.
    Morton Community Bank's net interest income from loans was $122,335,000.
    Morton Community Bank's fee based income from loans was $2,012,000.
    Morton Community Bank's net income from loans was $58,157,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $29,965
    Provision for credit losses $16,000
    Total noninterest expense $62,774
    Salaries and employee benefits $36,648
    Premises and equipment expense $6,385
    Additional noninterest expense $19,741
    Applicable income taxes $741
    Net charge-offs $3,080
    Cash dividends $37,000

    Morton Community Bank's interest expense for loans was $29,965,000.
    Morton Community Bank's payroll and benefits expense were $36,648,000.
    Morton Community Bank's property, plant and equipment expenses $6,385,000.

    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 1.0%
    Multifamily residential loans 0.0%
    1-4 family residential loans 2.0%
    HELOC loans 0.0%
    All other family 2.0%
    Commercial & industrial loans 0.0%
    Personal loans 0.0%
    Credit card loans 0.3%
    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 $3,834,544
    Deposits held in domestic offices $3,834,544
    Deposits by Individuals, partnerships, and corporations $3,128,079
    Deposits by U.S. Government $2
    Deposits by States and political subdivisions in the U.S. $694,758
    Deposits by Commercial banks and other depository institutions in U.S. $11,705
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $675,657
    Demand deposits $554,889
    Nontransaction accounts $3,158,887
    Money market deposit accounts (MMDAs) $750,639
    Other savings deposits (excluding MMDAs) $1,615,228
    Total time deposits $793,021
    Total time and savings deposits $3,279,655
    Noninterest-bearing deposits $639,610
    Interest-bearing deposits $3,194,934
    Retail deposits $3,421,861
    IRAs and Keogh plan accounts $88,274
    Brokered deposits $300,999
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $4,716,144
    Cash & Balances due from depository institutions $279,000
    Interest-bearing balances $240,338
    Total securities $1,272,772
    Federal funds sold & reverse repurchase $120,162
    Net loans and leases $2,845,686
    Loan and leases loss allowance $37,779
    Trading account assets $0
    Bank premises and fixed assets $44,806
    Other real estate owned $18,517
    Goodwill and other intangibles $43,040
    All other assets $92,161

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $4,716,144
    Total Liabilities $4,243,468
    Total deposits $3,834,544
    Interest-bearing deposits $3,194,934
    Deposits held in domestic offices $3,834,544
    % insured (estimated) $79
    Federal funds purchased and repurchase agreements $18,565
    Trading liabilities $0
    Other borrowed funds $372,818
    Subordinated debt $0
    All other liabilities $17,541

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $2,845,686
    Loan and leases loss allowance $37,779
    Total loans and leases (domestic) $2,883,465
    All real estate loans $1,962,220
    Real estate loans in domestic offices $1,962,220
    Construction and development loans $193,329
    Residential 1-4 family construction $10,785
    Other construction, all land development and other land $182,544
    Loans secured by nonfarm nonresidential properties $798,635
    Nonfarm nonresidential secured by owner-occupied properties $334,205
    Commercial real estate & other non-farm, non-residential $464,430
    Multifamily residential real estate $365,491
    1-4 family residential loans $392,332
    Farmland loans $212,433
    Loans held in foreign offices $0
    Farm loans $111,399
    Commercial and industrial loans $587,741
    To non-U.S. addressees $0
    Loans to individuals $83,605
    Credit card loans $2,845
    Related Plans $52,686
    Consumer Auto Loans $10,847
    Other loans to individuals $17,227
    All other loans & leases $138,500
    Loans to foreign governments and official institutions $0
    Other loans $23,514
    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 $3,495
    Non 1-4 family restructured loans & leases $2,600
    Total loans and leases (foreign) $0

    Morton Community Bank had $2,845,686,000 of loans outstanding in 2020. $1,962,220,000 of loans were in real estate loans. $193,329,000 of loans were in development loans. $365,491,000 of loans were in multifamily mortgage loans. $392,332,000 of loans were in 1-4 family mortgage loans. $111,399,000 of loans were in farm loans. $2,845,000 of loans were in credit card loans. $10,847,000 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 998 $216,062 $216,495
    Nonfarm, nonresidential loans - <$100k 275 $11,958 $43,484
    Nonfarm, nonresidential loans - $100-250k 335 $45,986 $137,272
    Nonfarm, nonresidential loans - $250k-1MM 388 $158,118 $407,521
    Commercial & Industrial, US addressed loans - <$1MM 7,095 $310,541 $43,769
    Commercial & Industrial, US addressed loans - <$100k 5,871 $86,276 $14,695
    Commercial & Industrial, US addressed loans - $100-250k 726 $74,704 $102,898
    Commercial & Industrial, US addressed loans - $250k-1MM 498 $149,561 $300,323
    Farmland loans - <$1MM 641 $102,601 $160,064
    Farmland loans - <$100k 196 $9,260 $47,245
    Farmland loans - $100-250k 247 $34,191 $138,425
    Farmland loans - $250k-1MM 198 $59,150 $298,737
    Agriculture operations loans - <$1MM 1,064 $61,928 $58,203
    Agriculture operations loans - <$100k 724 $17,782 $24,561
    Agriculture operations loans - $100-250k 228 $22,312 $97,860
    Agriculture operations loans - $250k-1MM 112 $21,834 $194,946