The Morris Plan Company of Terre Haute, Inc.
Our records indicate that this bank has been acquired by First Financial Bank, National Association.
Headquarters
817 Wabash Avenue
Terre Haute, IN 47808
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2025 Overview
General Bank Information
The Morris Plan Company of Terre Haute, Inc. is an FDIC insured institution located in Terre Haute, IN. It was founded in 1962 and has approximately $0.12 billion in assets.
| FDIC Insured | Yes |
| FDIC Certificate | # 32907 |
| Date Established | 1962 |
| Assets | $ 123.36 million |
| Loans | $ 115.82 million |
| Deposits | $ 86.58 million |
| Capital | $ 33.96 million |
For a more detailed analysis of The Morris Plan Company of Terre Haute, Inc.'s financial condition and a description of what these numbers mean, please visit the Financial Details section.
Deposit Rates - February 21, 2025
Your Current Location: Ohio, OH 43085
Loan Rates - February 21, 2025
Your Current Location: Ohio, OH 43085
There are currently no loan rates available for The Morris Plan Company of Terre Haute, Inc.
Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:
Featured - Ohio 30 Year Fixed Mortgage Rates 2025
| Lender | APR | Rate (%) | Monthly Payment |
Learn More |
|---|---|---|---|---|
NMLS ID: 1835285 |
6.356% |
6.250% 0.63 points $3,600 fees |
$1,971 | Learn More |
NMLS ID: 2059741 |
6.507% |
6.375% 0.75 points $4,442 fees |
$1,997 | Learn More |
NMLS ID: 1025894 |
6.593% |
6.490% 0.88 points $3,433 fees |
$2,021 | Learn More |
NMLS ID: 6606 |
6.823% |
6.740% 0.88 points $2,710 fees |
$2,074 | Learn More |
Featured - Ohio Home Equity Line Of Credit Rates 2025
| Lender | APR (%)? | Monthly Payment? | Learn More |
|---|---|---|---|
Third Federal Savings and Loan See Table |
Intro APR
6.990 %
After Intro: 6.990 % |
$0 |
Learn More
More Info |
Figure Home Equity See Table |
Intro APR
7.350 %
After Intro: 7.350 % |
$15,000 |
Learn More
More Info |
Note to The Morris Plan Company of Terre Haute, Inc.
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Branches
The Morris Plan Company of Terre Haute, Inc. branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.
Your Location:
Columbus,Ohio
The Morris Plan Company of Terre Haute, Inc. Locations around zip code 43085
| Branch | Distance | Map | View Lobby Hours |
|---|
Climate Policy and Initiatives
The Morris Plan Company of Terre Haute, Inc. is encouraged to provide us with this information. When we receive this information from the bank, we will provide it here.
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Financial Details
The Morris Plan Company of Terre Haute, Inc. Ratio Analysis
The following ratios and data are available to help you better understand the financial condition of The Morris Plan Company of Terre Haute, Inc.. The data is provided by the FDIC. All banks listed on BestCashCow.com are FDIC-insured. No depositor has ever lost deposits that have been within the FDIC insurance limits.
Texas Ratio
| The Morris Plan Company of Terre Haute, Inc. | U.S. Bank Average |
|---|---|
| 1.96% | 4.62% |
The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its tangible common equity and its loan loss reserves. A lower Texas ratio indicates better coverage of problem loans. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a bank has to absorb its loan losses.
As of September 30, 2024, The Morris Plan Company of Terre Haute, Inc. had $791,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $33,960,000 in equity and $6,495,000 in loans loss reserves. That gives it a Texas Ratio of 1.96%.
Return on Equity
| The Morris Plan Company of Terre Haute, Inc. | U.S. Bank Average |
|---|---|
| 23.4% | 10.02% |
The Morris Plan Company of Terre Haute, Inc. has a Return on Equity of 23.4% versus the BestCashCow average of 10.02%. Return on equity measures how efficiently a bank is making money from its capital. A bank with a consistently high ROE can be considered well run. A bank with a consistently low ROE can be considered poorly run.
Capitalization
| The Morris Plan Company of Terre Haute, Inc. | U.S. Bank Average |
|---|---|
| 27.53% | 11.29% |
The Morris Plan Company of Terre Haute, Inc. has a Capitalization of 27.53% versus the BestCashCow average of 11.29. Capitalization measures how much equity capital a bank has to underpin loans and other assets on its balance sheet. The higher the capitalization number the more secure a bank is considered.
The Morris Plan Company of Terre Haute, Inc. Balance Sheet Analysis
As of December 31, 2021, The Morris Plan Company of Terre Haute, Inc. had assets of $123,722,000, loans of $115,819,000, and deposits of $86,579,000. Long-term increases in deposits shows a bank's ability to raise funds to grow its loans and assets. Loan and asset growth may rise or fall depending on a bank's strategy for growth. Sharp rises and falls in assets, deposits, and loans can be problematic, indicating a loosening of lending standards, or financial distress leading to reduced lending. A big change in these figured can also be from a bank acquisition or merger.
Summary Balance Sheet
September 30, 2024| ASSETS | |
|---|---|
| Cash & Balances due from depository institutions | $ 2.49 million |
| Interest-bearing balances | $ 0.33 million |
| Total securities | $ 0.49 million |
| Federal funds sold and reverse repurchase | N.A. |
| Net loans and leases | $ 115.82 million |
| Loan loss allowance | $ 6.50 million |
| Trading account assets | N.A. |
| Bank premises and fixed assets | N.A. |
| Other real estate owned | N.A. |
| Goodwill and other intangibles | N.A. |
| All other assets | $ 4.84 million |
| Total Assets | $ 89.76 million |
| LIABILITIES | |
|---|---|
| Total deposits | $ 86.58 million |
| Interest-bearing deposits | $ 85.61 million |
| Deposits held in domestic offices | $ 86.58 million |
| % insured (estimated) | 92.85% |
| Federal funds purchased and repurchase agreements | $ 2.60 million |
| Trading liabilities | N.A. |
| Other borrowed funds | N.A. |
| Subordinated debt | N.A. |
| All other liabilities | $ 0.58 million |
| Total Liabilities | $ 89.76 million |
| Shareholders’ Equity | $ 33.60 million |
Summary Income Statement
September 30, 2024| INCOME AND EXPENSES | |
|---|---|
| Total Interest Income | $ 15.10 million |
| Total Interest Expense | $ 1.03 million |
| Net interest income | $ 14.07 million |
| Provision for loan and lease losses | $ 0.70 million |
| Total non interest income | $ 0.13 million |
| Total non interest expense | $ 3.77 million |
| Pre-tax Net Operating Income | $ 9.72 million |
Bank Loan Profile?
The top three loan types in The Morris Plan Company of Terre Haute, Inc.’s loan portfolio are Consumer Auto Loans, 1-4 Family Residential Loans, and Small Business Loans.
Compared to other banks in Indiana, The Morris Plan Company of Terre Haute, Inc. has a significantly higher percent of Consumer Auto Loans on its balance sheet, potentially indicating a specialty in that lending area.
Note: Percentages may not sum to 100% due to rounding and double categorization of some loan types. All data from the FDIC. Additional information about this table.
| % Loans |
% Comparison to Other Banks |
|||
|---|---|---|---|---|
| Low | Med | High | ||
| 1-4 Family Residential Loans | 1.27 | ✓ | ||
| Multifamily Mortgages |
0.00 | ✓ | ||
| Credit Card Loans | 0.00 | ✓ | ||
| Consumer Auto Loans | 100.00 | ✓ | ||
| Small Business Loans | 0.11 | ✓ | ||
| Construction and Development Loans | 0.00 | ✓ | ||
| Commercial Real Estate | 0.11 | ✓ | ||
| Commercial and Industrial Loans | 0.04 | ✓ | ||
| Farm Loans | 0.00 | ✓ | ||
Customer Reviews for The Morris Plan Company of Terre Haute, Inc.
Xgreen05
November 11, 2020 |
I wouldn’t give them one star but that’s not an option. This place has no customer service & makes it a nightmare to make payments. Strongly do not recommend they’ll ruin your credit.
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lwill
September 28, 2020 |
this place is a joke at pay off they will charge you an extra payment and i wasn't even 30 days behind and they came got my car on last payment and i had to spend 500 bucks more to get it back this place is a rip off good luck to you.
Is this review helpful? Yes:1 / No: 0
robert petrosky
January 19, 2020
Dear Morris plain
thankyou for considering me for an auto loan from the dealership at there request.
sorry that the financing did not go thru i will file the letter away in my files so when next time comes i will
request not to apply to your loan company knowing the out come. but i am pleased to say i was considerd
thru ( credit Acceptance ) a 5 star company once again thankyou for trying. P.S. love my new truck...!
Is this review helpful? Yes:0 / No: 0
T.Clark
January 3, 2018 |
I was in search of a Company that would finance a motorcycle for me. At first I was getting disappointed because everyone else was turning me down.
So, then The Morris Plan Company ask as few simple questions along with the provided information on the motorcycle and myself - I had received a loan for the motorcycle that had been a long time dream to own one.
I had the payments set up to come directly out of my bank account to pay for it on time - every time, and I am proud to say that this January 20th will be my last payment.
Thank you Morris Plan of Terre Haute inc - you do make dreams come true.
Is this review helpful? Yes:2 / No: 0
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