First Mutual Bank, FSB

Headquarters

605 Washington Boulevard
Belpre, OH 45714
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.10% 0.91% →
1-Year CD 0.20% 0.85% →
2-Year CD 0.40% 0.95% →
5-Year CD 1.01% 1.30% →
30-Year Mortgage N.A. 2.61% →
15-Year Mortgage N.A. 2.31% →
HELOC N.A. 2.79% →

2020 Overview

General Bank Information

First Mutual Bank, FSB is an FDIC insured institution located in Belpre, OH. It was founded in 1906 and has approximately $0.09 billion in assets. Customers can open an account at one of its 5 branches.

FDIC Insured Yes
FDIC Certificate # 29617
Date Established 1906
Assets $ 89.84 million
Loans $ 43.61 million
Deposits $ 76.31 million
Capital $ 12.22 million
 

For a more detailed analysis of First Mutual Bank, FSB's financial condition and a description of what these numbers mean, please visit the Financial Details section.

Deposit Rates - November 30, 2020

Your Current Location: Connecticut, CT 06828

Savings and Money Market Rates APY MIN MAX
Savings
0.10% $2,500 $4,999 Learn More
Money Market
0.05% $2,500 $2,999 Learn More
Money Market
0.15% $10,000 $14,999 Learn More
Money Market
0.25% $25,000 $29,999 Learn More
CD Rates APY MIN MAX
3 Mo CD
0.10% $10,000 $14,999 Learn More
3 Mo CD
0.10% $100,000 $199,999 Learn More
6 Mo CD
0.15% $10,000 $14,999 Learn More
6 Mo CD
0.15% $100,000 $199,999 Learn More
12 Mo CD
0.20% $10,000 $14,999 Learn More
12 Mo CD
0.20% $100,000 $199,999 Learn More
18 Mo CD
0.25% $10,000 $14,999 Learn More
18 Mo CD
0.25% $100,000 $199,999 Learn More
24 Mo CD
0.40% $10,000 $14,999 Learn More
24 Mo CD
0.40% $100,000 $199,999 Learn More
36 Mo CD
0.75% $10,000 $14,999 Learn More
36 Mo CD
0.75% $100,000 $199,999 Learn More
48 Mo CD
0.85% $10,000 $14,999 Learn More
48 Mo CD
0.85% $100,000 $199,999 Learn More
60 Mo CD
1.01% $10,000 $14,999 Learn More
60 Mo CD
1.01% $100,000 $199,999 Learn More

Int Checking Rates APY MIN MAX
Int Ckg
0.05% $1 $99 Learn MoreShow Less
Int Ckg
0.05% $2,500 $3,499 Learn MoreShow Less
 

Loan Rates - November 30, 2020

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for First Mutual Bank, FSB

Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:




Featured - Connecticut 30 Year Fixed Mortgage Rates 2020

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
AmeriSave Mortgage Corporation
NMLS ID: 1168
2.582% 2.500% 0.88 $2,715 $988 Learn More
AimLoan.com
NMLS ID: 2890
License#: 13256
2.554% 2.500% 0.75 $1,775 $988 Learn More

Featured - Connecticut Home Equity Line Of Credit Rates 2020

Lender APR (%)? Monthly Payment? Learn More
People's United Bank, N.A.
People's United Bank, N.A.
See Table
4.000 %
$0 Learn More
More Info
Third Federal Savings and Loans
Third Federal Savings and Loans
See Table
2.240 %
$0 Learn More
More Info

Note to First Mutual Bank, FSB
To upload and update your bank's rates please register. It is free to register and add rates.

Branches

First Mutual Bank, FSB 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:
Fairfield,Connecticut


First Mutual Bank, FSB Locations


Financial Details

First Mutual Bank, FSB Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of First Mutual Bank, FSB. 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
First Mutual Bank, FSB U.S. Bank Average
6.97% 6.94%

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 March 31, 2020, First Mutual Bank, FSB had $861,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $12,217,000 in equity and $128,000 in loans loss reserves. That gives it a Texas Ratio of 6.97%.

Return on Equity
First Mutual Bank, FSB U.S. Bank Average
1.32% 7.80%

First Mutual Bank, FSB has a Return on Equity of 1.32% versus the BestCashCow average of 7.80%. 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
First Mutual Bank, FSB U.S. Bank Average
13.6% 12.68%

First Mutual Bank, FSB has a Capitalization of 13.6% versus the BestCashCow average of 12.68. 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.

First Mutual Bank, FSB Balance Sheet Analysis

As of March 31, 2020, First Mutual Bank, FSB had assets of $89,843,000, loans of $43,606,000, and deposits of $76,307,000. 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

March 31, 2020
ASSETS
Cash & Balances due from depository institutions $ 13.82 million
Interest-bearing balances $ 12.03 million
Total securities $ 23.67 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 43.61 million
Loan loss allowance $ 0.13 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned N.A.
Goodwill and other intangibles $ 4.52 million
All other assets $ 1.79 million
     Total Assets $ 77.63 million
LIABILITIES
Total deposits $ 76.31 million
      Interest-bearing deposits $ 71.27 million
      Deposits held in domestic offices $ 76.31 million
      % insured (estimated) 96.19%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds N.A.
Subordinated debt N.A.
All other liabilities $ 1.32 million
      Total Liabilities $ 77.63 million
      Shareholders’ Equity $ 12.22 million

Summary Income Statement

March 31, 2020
INCOME AND EXPENSES
Total Interest Income $ 0.82 million
Total Interest Expense $ 0.08 million
Net interest income $ 0.73 million
Provision for loan and lease losses $ 0.01 million
Total non interest income $ 0.06 million
Total non interest expense $ 0.85 million
Pre-tax Net Operating Income N.A.

Bank Loan Profile?

The top three loan types in First Mutual Bank, FSB’s loan portfolio are 1-4 Family Residential Loans, Commercial Real Estate, and Construction and Development Loans.

Compared to other banks in Ohio, First Mutual Bank, FSB has a significantly higher percent of 1-4 Family Residential 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 89.70
Multifamily
Mortgages
0.22
Credit Card Loans 0.00
Consumer Auto Loans 1.97
Small Business Loans 0.00
Construction and Development Loans 3.69
Commercial Real Estate 4.07
Commercial and Industrial Loans 0.40
Farm Loans 0.00

Frequently Asked Questions About First Mutual Bank, Fsb

Branches and Savings

Is First Mutual Bank, Fsb FDIC insured?

Yes. It is covered under FDIC Certificate #29617.

Why does First Mutual Bank, Fsb pay such low interest on savings accounts?

See the best online savings rates here. See the best local savings rates here.

Why are First Mutual Bank, Fsb CD rates not competitive?

See the best online CD rates here. See the best local CD rates here.

Is First Mutual Bank, Fsb a commercial bank?

Yes

Where are First Mutual Bank, Fsb locations?

See branch locations nearby.

Is First Mutual Bank, Fsb open on Saturdays?

Is First Mutual Bank, Fsb open on Sundays?

What time does First Mutual Bank, Fsb open?

What time does First Mutual Bank, Fsb close?

Are First Mutual Bank, Fsb ATMs Open 24/7?

Do First Mutual Bank, Fsb ATMs accept cash deposits?

Can First Mutual Bank, Fsb customers use other ATMs?

Do First Mutual Bank, Fsb branches have notaries?

Will First Mutual Bank, Fsb notarize my document?

What address for First Mutual Bank, Fsb should I put for incoming ACH transfers?

Will the First Mutual Bank, Fsb branch print checks?

Do First Mutual Bank, Fsb checks expire?

Does First Mutual Bank, Fsb require US citizenship to open account?

Can First Mutual Bank, Fsb close my account?

Does First Mutual Bank, Fsb Report to credit bureaus?

Does First Mutual Bank, Fsb Use Equifax?

What is First Mutual Bank, Fsb's ACH Routing Number?

What is First Mutual Bank, Fsb's SWIFT code?

Products

Does First Mutual Bank, Fsb offer mortgages?

Compare mortgage rates here.

Does First Mutual Bank, Fsb offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does First Mutual Bank, Fsb offer personal loans?

Compare personal loan rates here.

Does First Mutual Bank, Fsb offer student loans?

Will First Mutual Bank, Fsb cash a check?

Will First Mutual Bank, Fsb redeem a savings bond?

Does First Mutual Bank, Fsb cash savings bonds?

Will First Mutual Bank, Fsb cash money orders?

Can First Mutual Bank, Fsb issue a money order?

Does First Mutual Bank, Fsb do currency exchange?

Background on The Bank

Who owns First Mutual Bank, Fsb?

How long has First Mutual Bank, Fsb been around?

Can First Mutual Bank, Fsb transfer to other banks?

Does First Mutual Bank, Fsb have quick pay?

Does First Mutual Bank, Fsb accept rolled coins?

Will First Mutual Bank, Fsb accept loose change?

Where is First Mutual Bank, Fsb headquarters?

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