This institution is no longer active

Operations ceased on June 10, 1995. CRA examination history below reflects the period it was active.

MORRIS STATE BANK

MORRIS, MN · Supervised by FDIC

Est. 1933FDIC #1,907RSSD: FDIC-1907

Part ofMORRIS STATE BCORP INC→ View all charters

Outstanding Up

Current rating · Exam: June 1993

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At a Glance

Community Lending (CRA)

Outstanding

Exceeds federal requirements for lending in low- and moderate-income communities

Financial Health

Adequate

ROA 0.43%

Is this bank safe?

MORRIS STATE BANK earned an Outstanding CRA rating (1993), meets basic financial requirements (ROA +0.43%).

Institution Profile

FDIC BankFind

Address

Main Street, MORRIS, MN

County

Stevens County

Established

December 4, 1933

Total Assets

$55M(latest call report)

Community Reinvestment Rating

CRA / FFIEC

Federal regulators examine banks to ensure they lend and invest in the communities they serve, especially low- and moderate-income areas.

Overall Rating

Outstanding

Exceeds federal requirements for lending in low- and moderate-income communities

Exam Date

June 1, 1993

Exam Type

Not Reported

Regulator

FDIC

What is a CRA rating? →

⚠️This exam is 33 years old — CRA data may not reflect current lending practices. Regulators typically re-examine banks every 2–4 years.

Estimated next exam:Overdue(based on asset size)

Financial Snapshot

As of Q1 1995Call Report / FDIC

Total Assets

$55M

Total Deposits

$47M

Net Loans

$34M

Net Income

$61K

ROA

0.43%

Below avg for Small banks. Peer avg: 0.44%

ROE

3.83%

Risk-Based Capital

17.19%

Below avg for Small banks. Regulatory min: 8%

Total Assets — Last 8 Quarters

Total AssetsROA

Peer Comparison

Small banks

Compared to the peer-bank Small peer group (same asset tier).

ROA0.43%Peer avg: 0.44%▼ Below avg

Risk-Based Capital17.19%Peer avg: 23.03%▼ Below avg

Mortgage Denial Rate21.28%Peer avg: 6.90%▲ More than avg

Unlock peer list → See which specific banks are in this peer group.

Mortgage Lending

CFPB HMDA

Year	Applications	Orig. Rate	Denial Rate
2018	47	70.21%	21.28%

Denial rate = denials ÷ total applications. 2024 national avg: 23.75% · Small bank avg: 6.90% · above-average shown in red

Rating History

CRA / FFIEC

Exam Date	Rating	Exam Type
Jun 1993	Outstanding	Not Reported
Dec 1990	Satisfactory	Not Reported

Rating Over Time

🔒 Locked

OutstandingSatisfactoryNeeds to ImproveSubst. Noncompliance

Exam dates and details are paywalled

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