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, Macomb, and St. Louis among others. We have data for 34 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.

    Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.

    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

    1,817

    Origination Dollar Volume (All Markets)

    $365,895,000

    Employee count

    420

    Awards

    Morton Community Bank 30 Year Conventional Loans gold Morton Community Bank 30 Year Conventional Loans gold Morton Community Bank 30 Year Conventional Loans silver
    Show all (3) 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) 1,404 $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, KY (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.

    Their top states include:
  • Illinois (FHA|USDA|VA)
  • Missouri (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Indiana (FHA|USDA|VA)
  • Wisconsin (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 State Bank
    Similarity Rank: 24
    First Savings Bank of Hegewisch
    Similarity Rank: 45
    First Bankers Trust Company
    Similarity Rank: 48
    Alliance Community Bank
    Similarity Rank: 128
    Liberty Bank for Savings
    Similarity Rank: 153
    HEARTLAND
    Similarity Rank: 161
    Collins Community Credit Union
    Similarity Rank: 168
    R.I.A. Federal Credit Union
    Similarity Rank: 232
    DuTrac Community Credit Union
    Similarity Rank: 264
    ASCENTRA
    Similarity Rank: 286

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 1,562 $349,230,000 $223,579 $1,969 3.21%
    HELOC 255 $16,665,000 $65,353 n/a 4.63%

    For 2021, Morton Community Bank's most frequently originated type of loan was Conventional, with 1,562 originations. Their 2nd most popular type was HELOC, with 255 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. 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 2021, Morton Community Bank's most frequently cited loan purpose was Home Purchase, with 885 originations. The 2nd most popular reason was 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 2021, Morton Community Bank's most frequently cited loan duration was 30 Year, with 725 originations. The 2nd most popular length was 15 Year, with 386 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 1,259 $191,905,000 $152,427
    $1k-2k 10 $2,110,000 $211,000
    $4k-5k 2 $680,000 $340,000
    $2k-3k 1 $115,000 $115,000
    $5k+ 1 $225,000 $225,000

    Morton Community Bank's average total fees were $2,057, while their most frequently occuring range of origination fees (closing costs) 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 for loans was 3.21%, while their most frequently originated rate bucket for loans was 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 applications
    91.29%

    Morton Community Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    90.31%

    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 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 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 12223 W Farmington Road Hanna City, IL 61536 Full Service B&M $37,655
    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
    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 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

    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