Morgan Bank, National Association
Hudson, OH — Domestic Branch of a Domestic Bank
Acquired May 2007
Vitals
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Total Assets125.3M 2.1 %
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Total Deposits106.2M -2.3 %
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Total Net Loans96.5M 8.8 %
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Net Income44000.0000 193.3 %
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Book Value10.3M 7.8 %
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Book Value x220.6M 7.8 %
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Book Value x330.9M 7.8 %
Balance Sheet Highlights
| Financial Highlights | Morgan Bank, National Association | All Insured Commercial Banks in Ohio |
| Balance Sheet $(000) | ||
| Total Assets | 125,334 | 316,323 |
| Total Net Loans | 96,462 | 666,925 |
| Total Deposits | 106,220 | 247,425 |
| Total Equity | 10,312 | 29,867 |
| Profitability | ||
| Net Income | 44 | 33,615 |
| Return on Average Assets | .14 | 1.965 |
| Return on Average Equity | 1.714 | 10.37 |
| Net Interest Margin | 2.66 | 3.867 |
| Efficiency Ratio | 89.374 | 71.158 |
| Noninterest Income/Revenue | 10.865 | 16.043 |
| Balance Sheet Ratios | ||
| Loan-to-Deposit | 90.813 | 82.97 |
| Securities/Assets | .186 | 3.681 |
| Total Equity/Total Assets | .082 | .094 |
| Tangible Equity/Tangible Assets | .081 | -5.142 |
| Capital Adequacy | ||
| Tier 1 Common Capital | — | — |
| Tier 1 Capital | 10,659 | 27,560 |
| Tier 2 Capital | 832 | 17,907 |
| Total Capital | 11,491 | 31,178 |
| Total Risk Weighted Assets | 107,101 | 226,825 |
| Leverage Ratio | 8.48 | 10.516 |
| Common Equity Tier 1 Capital Ratio | — | — |
| Tier 1 Capital Ratio | 9.95 | 16.095 |
| Total Capital Ratio | 10.73 | 17.314 |
Timeline for Morgan Bank, National Association
The Lorain National Bank
Morgan Bank, National Association was acquired by The Lorain National Bank 18 years
View Profile May 10 2007Morgan Bancorp, Inc.
Morgan Bancorp, Inc. became a new parent organization for Morgan Bank, National Association.
View Profile Sep 08 2004Morgan Bank, National Association
Morgan Bank, National Association was established 35 years ago and is currently headquartered in Hudson, OH.
Feb 12 1990| Acquisitions & Mergers | Role | Assets | Acct Method | Type | Transaction Date |
| The Lorain National Bank | Buyer | 1,237,190 | Acquisition | Discontinued | 5/10/2007 |
| Relationships | Role | Relationship Start | Relationship End |
| Morgan Bancorp, Inc. | Parent | 9/8/2004 | 5/9/2007 |
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