Mutual Bank

570 Washington St
Whitman, MA 02382

 

2019 Overview

General Bank Information

FDIC Insured Yes
FDIC Certificate # 29755
Date Established 1889
Assets $0.52 billion
Loans $0.40 billion
Deposits $0.42 billion
Capital $0.05 billion

Mutual Bank is an FDIC insured institution located in Whitman, MA. It was founded in 1889 and has approximately $0.52 billion in assets. Customers can open an account at one of its 9 branches.

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

Bank Loan Profile?

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

Compared to other banks, Mutual Bank’s loan portfolio does not show any specific loan specialty.

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 56.08
Multifamily
Mortgages
1.62
Credit Card Loans 0.00
Consumer Auto Loans 0.11
Small Business Loans 11.81
Construction and Development Loans 6.43
Commercial Real Estate 20.37
Commercial and Industrial Loans 6.95
Farm Loans 0.00

Deposit Rates - June 25, 2019

Your Current Location: Virginia, VA 20146

Savings and Money Market Rates APY MIN MAX
Money Market
0.10% $1,000 - Learn MoreShow Less
Premium Money Market Account
0.10% $10,000 $24,999 Learn MoreShow Less
Premium Money Market Account
0.20% $25,000 $49,999 Learn MoreShow Less
CD Rates APY MIN MAX
3 Mo CD
0.20% $100 $99,999 Learn MoreShow Less
3 Mo CD
0.35% $100,000 - Learn MoreShow Less
6 Mo CD
0.25% $100 $99,999 Learn MoreShow Less
6 Mo CD
0.40% $100,000 - Learn MoreShow Less
12 Mo CD
0.40% $100 $99,999 Learn MoreShow Less
12 Mo CD
0.55% $100,000 - Learn MoreShow Less
18 Mo CD
0.50% $100 $99,999 Learn MoreShow Less
18 Mo CD
0.65% $100,000 - Learn MoreShow Less
24 Mo CD
1.00% $100 $99,999 Learn MoreShow Less
24 Mo CD
1.15% $100,000 - Learn MoreShow Less
48 Mo CD
1.50% $100 $99,999 Learn MoreShow Less
48 Mo CD
1.65% $100,000 - Learn MoreShow Less

Fixed IRA Rates APY MIN MAX
Fixed IRA
0.40% $100 - Learn MoreShow Less
Variable IRA Rates APY MIN MAX
Var IRA
0.50% $100 - Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg
0.05% $1 $1,499 Learn MoreShow Less
Int Ckg
0.15% $1,500 - Learn MoreShow Less
Checking Rates APY MIN FEE
Reward Checking 2.00% $0 $0.00 Learn MoreShow Less
TOTALLY FREE CHECKING 0.00% $0 $0.00 Learn MoreShow Less
HIGH INTEREST CHECKING 0.00% $1,500 $10.00 Learn MoreShow Less

Loan Rates - June 25, 2019

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for Mutual Bank

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

Featured - Virginia 30 Year Fixed Mortgage Rates 2019

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
Rocket Mortgage
NMLS ID: 3030
4.500% 4.500% 0.00 $0 $1,267 Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2019

Lender APR (%)? Monthly Payment? Learn More
PenFed Credit Union
PenFed Credit Union
5.500 %
$0 Learn More
More Info
Third Federal Savings and Loans
Third Federal Savings and Loans
4.490 %
$0 Learn More
More Info

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

Branches

Mutual Bank 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:
Ashburn,Virginia


Mutual Bank Locations


Financial Details

Mutual Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Mutual Bank. 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
Mutual Bank U.S. Bank Average
6.54% 6.97%

The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its the bank’s 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 December 31, 2018, Mutual Bank had $3,278,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $46,535,000 in equity and $3,553,000 in loans loss reserves. That gives it a Texas Ratio of 6.54%.

Return on Equity
Mutual Bank U.S. Bank Average
7.68% 8.80%

Mutual Bank has a Return on Equity of 7.68% versus the BestCashCow average of 8.80%. 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
Mutual Bank U.S. Bank Average
8.99% 12.29%

Mutual Bank has a Capitalization of 8.99% versus the BestCashCow average of 12.29. 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.

Mutual Bank Balance Sheet Analysis

As of December 31, 2018, Mutual Bank had assets of $517,519,000, loans of $401,263,000, and deposits of $423,820,000. 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

December 31, 2018
ASSETS
Cash & Balances due from depository institutions $0.02 billion
Interest-bearing balances $0.01 billion
Total securities $0.07 billion
Federal funds sold and reverse repurchase $0.00 billion
Net loans and leases $0.40 billion
Loan loss allowance $0.00 billion
Trading account assets $0.00 billion
Bank premises and fixed assets $0.00 billion
Other real estate owned $0.00 billion
Goodwill and other intangibles $0.00 billion
All other assets $0.02 billion
     Total Assets $0.47 billion
LIABILITIES
Total deposits $0.42 billion
      Interest-bearing deposits $0.37 billion
      Deposits held in domestic offices $0.42 billion
      % insured (estimated) 85.64%
Federal funds purchased and repurchase agreements $0.00 billion
Trading liabilities $0.00 billion
Other borrowed funds $0.04 billion
Subordinated debt $0.00 billion
All other liabilities $0.01 billion
      Total Liabilities $0.47 billion
      Shareholders’ Equity $0.05 billion

Summary Income Statement

December 31, 2018
INCOME AND EXPENSES
Total Interest Income $0.02 billion
Total Interest Expense $0.00 billion
Net interest income $0.02 billion
Provision for loan and lease losses $0.00 billion
Total non interest income $0.00 billion
Total non interest expense $0.02 billion
Pre-tax Net Operating Income $0.00 billion

Frequently Asked Questions About Mutual Bank

Branches and Savings

Is Mutual Bank FDIC insured?

Yes. It is covered under FDIC Certificate #29755.

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

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

Why are Mutual Bank CD rates not competitive?

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

Is Mutual Bank a commercial bank?

Yes

Where are Mutual Bank locations?

See branch locations nearby.

Is Mutual Bank open on Saturdays?

Is Mutual Bank open on Sundays?

What time does Mutual Bank open?

What time does Mutual Bank close?

Are Mutual Bank ATMs Open 24/7?

Do Mutual Bank ATMs accept cash deposits?

Can Mutual Bank customers use other ATMs?

Do Mutual Bank branches have notaries?

Will Mutual Bank notarize my document?

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

Will the Mutual Bank branch print checks?

Do Mutual Bank checks expire?

Does Mutual Bank require US citizenship to open account?

Can Mutual Bank close my account?

Does Mutual Bank Report to credit bureaus?

Does Mutual Bank Use Equifax?

What is Mutual Bank's ACH Routing Number?

What is Mutual Bank's SWIFT code?

Products

Does Mutual Bank offer mortgages?

Compare mortgage rates here.

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

Compare home equity lines of credit rates here.

Does Mutual Bank offer personal loans?

Compare personal loan rates here.

Does Mutual Bank offer student loans?

Will Mutual Bank cash a check?

Will Mutual Bank redeem a savings bond?

Does Mutual Bank cash savings bonds?

Will Mutual Bank cash money orders?

Can Mutual Bank issue a money order?

Does Mutual Bank do currency exchange?

Background on The Bank

Who owns Mutual Bank?

How long has Mutual Bank been around?

Can Mutual Bank transfer to other banks?

Does Mutual Bank have quick pay?

Does Mutual Bank accept rolled coins?

Will Mutual Bank accept loose change?

Where is Mutual Bank headquarters?

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