# MORGAN FEDERAL BANK
FORT MORGAN, CO · FDIC certificate 29439 · asset band <$300M · latest filing 2017-09 · stopped filing (departed)

**Verdict on the desk:** this could be *credit-stressed*. Composite score 3 (one point per flag, capital below 5% counted twice; 7 or more is where departures cluster).

## What the filing shows (filed dollars, derived ratios; band percentiles in parentheses)

| Measure | Value | Band median |
|---|---|---|
| Total assets | $106.3M | |
| Deposits | $91.8M | |
| Loans and leases | $51.8M | |
| Total equity | $11.2M | |
| Loans / deposits | 56.08% (p21 of band) | 76.19% |
| Liquid assets / assets | 44.86% (p75 of band) | |
| Uninsured deposits / deposits | 19.94% (p70 of band) | 14.99% |
| Brokered deposits | 0.00% | |
| Wholesale funding | 1.58% (p47 of band) | |
| FHLB advances / assets | 1.54% | |
| Tier 1 leverage | 9.80% (p29 of band) | 11.02% |
| Unrealized securities loss / equity | 3.01% (p92 of band) | 0.02% |
| AOCI / equity | 2.02% (p73 of band) | |
| ROA (annualized) | -1.11% (p2 of band) | 0.90% |
| Net interest margin | 2.94% (p14 of band) | 3.71% |
| Efficiency ratio | 142.79% (p99 of band) | |
| Noncurrent loans | 0.00% (p15 of band) | 0.62% |
| Net charge-offs (annualized) | 0.00% (p33 of band) | |
| Reserve coverage of noncurrent | 36500.00% | |
| Real estate % of loans | 90% | |
| Construction % of loans | 30.91% (p67 of band) | |
| Auto loans | $105,000 (0.20% of loans; DQ 35.24%, NCO 0.00%) | |
| Loans to nondepository financials | $0 (0% of equity) (p48 of band) | |
| Deposits YoY | -0.5% | |
| Employees | 25 | |

## Flags firing in the latest filing

- **losing money** (`earn_negative`)
- **expense ratio p90** (`earn_efficiency`)
- **assets shrinking** (`shrink_assets`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2011-03 | 1 | wholesale funding >15% |  |
| 2011-06 | 1 |  |  |
| 2011-09 | 0 |  | wholesale funding >15% |
| 2011-12 | 1 | reserve under noncurrent |  |
| 2012-03 | 1 | uninsured deposits leaving | reserve under noncurrent |
| 2012-06 | 0 |  | uninsured deposits leaving |
| 2012-09 | 0 |  |  |
| 2012-12 | 1 | capital falling |  |
| 2013-03 | 0 |  | capital falling |
| 2013-06 | 0 |  |  |
| 2013-09 | 0 |  |  |
| 2013-12 | 0 |  |  |
| 2014-03 | 1 | uninsured deposits leaving |  |
| 2014-06 | 0 |  | uninsured deposits leaving |
| 2014-09 | 0 |  |  |
| 2014-12 | 1 | capital falling |  |
| 2015-03 | 0 |  | capital falling |
| 2015-06 | 0 |  |  |
| 2015-09 | 0 |  |  |
| 2015-12 | 1 | capital falling |  |
| 2016-03 | 1 |  |  |
| 2016-06 | 0 |  | capital falling |
| 2016-09 | 0 |  |  |
| 2016-12 | 0 |  |  |
| 2017-03 | 1 | expense ratio p90 |  |
| 2017-06 | 0 |  | expense ratio p90 |
| 2017-09 | 3 | losing money, expense ratio p90, assets shrinking |  |

## In the news (Google News, unfiltered, newest first; check the city)

- 2021-08-28 [Golden Belt Bank holds grand opening event for its first Colorado location - The Fort Morgan Times](https://news.google.com/rss/articles/CBMiugFBVV95cUxQenltc2U4b05pejU4N19vRGJNS2lVN21CLVBibkdvbTl2TmJuYjlab0hPbE02d0VzcXd4UVlFanduakhuWjdUdV9MazdUaHRLalh0RjFjckhEamdqRTFMNEUzWURPZzdTejlaNWZjUy03NkRscmUxa1lZS0wwQ3Y1TTdBRE1HNGxBNjZDenlMTVVfY1F2OEtWZW5mYnhDcDdGLWJCWUNUMjlNdXgzNTJNQ0tub3ctQ2xLcWc?oc=5) · The Fort Morgan Times
- 2010-01-28 [Advisor Alissa Harris has personal touch at Morgan Federal Bank - The Fort Morgan Times](https://news.google.com/rss/articles/CBMiV0FVX3lxTE5jVkE0emtWWDI5SEJkQ2ZoQmVRM3NmY2w5VVJEUXJNdGdkZEd0STJiZGNvamNfdXRRTFpMX2Y0Y0ZEMTg0WmRQeTNkVXVwSkprMVBsVzVuVQ?oc=5) · The Fort Morgan Times
- 2012-03-20 [Gary Walter Obituary (2012) - Fort Morgan, CO - The Fort Morgan Times - legacy.com](https://news.google.com/rss/articles/CBMilAFBVV95cUxNZWRRREYtVEttT3lHQkQ1alpDV3d4bzhJTU4yV25KTUhpLTQzZkdRdWI2bHVsVl96ZFp3UDl5OGZzYk1hdHM5NkNyNHB4eW5jeWFfY0tOXzlXNXhfMVNxSGNPRDRjYWdLdWQ5bEhyR1A2MXJrdFQ2MkNHWERGN3NFTzVrNFB0OHVneWJpWW1YdTcwNVN1?oc=5) · legacy.com
- 2024-06-04 [Melvin VanMeter Obituary - Fort Morgan, CO (1959-2015) - The Fort Morgan Times](https://news.google.com/rss/articles/CBMif0FVX3lxTE1USXNfQ19qNFIyeWd6dHJTQ3N5Qkl3WWpUa2pmMjFFRDB1US1SNnhvenZobUstN1RjVmdIa1g3Z19Uc2pPMnlJWlV4Um1iWHhkU1Vqc3UxMF9oOUx6OXZoSk5vX3BPblloRC1fQkNNLW54NWwzaHE4OTVROWk5cWs?oc=5) · The Fort Morgan Times
- 2017-05-25 [Fort Morgan Lions Club awards students - The Fort Morgan Times](https://news.google.com/rss/articles/CBMiiwFBVV95cUxQajdfVUlxMlBjQ0NTQ25rVzY0YW1OVzNzUi1BaFd2cXM2WGVpV1c5Z19OdWVZbmtYbndjR1pwQWx4MUdhdHZFSlpHUzJLMnliemdrSXhSU19ieVRNX3dybC1VZ0NmZXZVYUp4UlV2TkpjbER2UHM1bmJsMFRvX3ZwdWEzV2VTMndYYVJ3?oc=5) · The Fort Morgan Times
- 2011-05-05 [Making a difference - The Fort Morgan Times](https://news.google.com/rss/articles/CBMic0FVX3lxTE8yVWYxU0FxTkd0QlZ6Q0xWbDYxc1Y2bWpVTWdMeEhaQkw5SlYteWwzbnlnc1hXdTEzUVVrNzFZNE1scUNNZ1hXeUdlMkpudzlBVWV0dGFEYWRPbklER3l3dThDOHdXMjducHNFaWRORDMyN0E?oc=5) · The Fort Morgan Times
- 2012-07-13 [Fred and Penny Wooldridge retiring after decades - The Fort Morgan Times](https://news.google.com/rss/articles/CBMimAFBVV95cUxQYnNqNFpIRS1peDRoUmxnWFFmWWRiQkNSOXhxM1B3NDNlZjdYQXhZU3Y0RjRWb0FvdWU2Tl8tLUdsWmtwVmxReUNhWktfWlRGUFBwTlRGS05xSlJOSEhfX2tXOTRfNk1UQTJMVU0yM0lsZkluUkJsYjRkbk4ybTRTMW91MFEyZHBTRDZMajktN0d3SnNHUnhOWA?oc=5) · The Fort Morgan Times
- 2011-02-28 [MCC gala raises $49,000-plus - The Fort Morgan Times](https://news.google.com/rss/articles/CBMiV0FVX3lxTE9BbmQ5bXBoczZfaEZjY2RWYk5aY3JHdkhjQU0tcXM1TGxwVE9iODdwdkYwcTF2ZWVJLWthb2pSdThIRmEzeFBOdFRqMnFCTHdId2ZmMnBzTQ?oc=5) · The Fort Morgan Times

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=29439 (click any number for its formula and FFIEC field codes)
- Latest row, JSON: https://getbookiq.com/bank-desk/data/summary.json · history: https://getbookiq.com/bank-desk/data/h/63.json (key "29439", columns cycle, ASSET, DEP, LNLSGR, EQTOT, ltd, liquid_pct, unins_pct, lev, aoci_pct_eq, sec_loss_eq, roa, nim, eff, nc_pct, nco_pct, LNAUTO, auto_dq, auto_nco, LNNDEPD, ndfi_eq, wholesale_pct, dep_yoy, score, flags)
- Field definitions: https://getbookiq.com/dictionary/#bank-LNNDEPD and the rest of the bank dictionary
- Source: FDIC call report via BankFind, dollars in thousands as filed. Departed means stopped filing, which is usually a merger; FAILED is the FDIC's own list.

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