Mutual Federal Bank

2212 West Cermak Road
Chicago, IL 60608


2019 Overview

General Bank Information

FDIC Insured Yes
FDIC Certificate # 28302
Date Established 1905
Assets $0.07 billion
Loans $0.05 billion
Deposits $0.06 billion
Capital $0.01 billion

Mutual Federal Bank is an FDIC insured institution located in Chicago, IL. It was founded in 1905 and has approximately $0.07 billion in assets.

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

Deposit Rates - August 19, 2019

Your Current Location: Connecticut, CT 06828

Savings and Money Market Rates APY MIN MAX
Money Market
0.50% $2,500 - Learn MoreShow Less
3 Mo CD
0.15% $1,000 - Learn MoreShow Less
6 Mo CD
0.20% $1,000 - Learn MoreShow Less
12 Mo CD
1.71% $500 - Learn MoreShow Less
18 Mo CD
1.73% $500 - Learn MoreShow Less
24 Mo CD
1.77% $500 - Learn MoreShow Less
30 Mo CD
1.82% $500 - Learn MoreShow Less
36 Mo CD
1.97% $500 - Learn MoreShow Less
48 Mo CD
2.02% $500 - Learn MoreShow Less
60 Mo CD
2.12% $500 - Learn MoreShow Less

Int Checking Rates APY MIN MAX
Int Ckg
0.15% $200 - Learn MoreShow Less

Loan Rates - August 19, 2019

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for Mutual Federal Bank

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 2019

Lender APR Rate (%) Points Fees Monthly
Learn More
First Internet Bank
NMLS ID: 424182
3.643% 3.625% 0.25 $552 $1,141 Learn More
NMLS ID: 2890
License#: 13256
3.530% 3.500% 0.38 $940 $1,123 Learn More

Featured - Connecticut Home Equity Line Of Credit Rates 2019

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

Note to Mutual Federal Bank
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Mutual Federal Bank Locations

Financial Details

Mutual Federal Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Mutual Federal Bank. The data is provided by the FDIC. All banks listed on are FDIC-insured. No depositor has ever lost deposits that have been within the FDIC insurance limits.

Texas Ratio
Mutual Federal Bank U.S. Bank Average
25.87% 6.94%

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 March 31, 2019, Mutual Federal Bank had $3,537,000 in non-current loans and $90,000 in owned real estate. To cover these potential losses it had $13,401,000 in equity and $620,000 in loans loss reserves. That gives it a Texas Ratio of 25.87%.

Return on Equity
Mutual Federal Bank U.S. Bank Average
-3.27% 9.47%

Mutual Federal Bank has a Return on Equity of -3.27% versus the BestCashCow average of 9.47%. 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.

Mutual Federal Bank U.S. Bank Average
18.63% 12.49%

Mutual Federal Bank has a Capitalization of 18.63% versus the BestCashCow average of 12.49. 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 Federal Bank Balance Sheet Analysis

As of March 31, 2019, Mutual Federal Bank had assets of $71,943,000, loans of $51,415,000, and deposits of $58,085,000. 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, 2019
Cash & Balances due from depository institutions $0.02 billion
Interest-bearing balances $0.02 billion
Total securities $0.00 billion
Federal funds sold and reverse repurchase $0.00 billion
Net loans and leases $0.05 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 $0.00 billion
     Total Assets $0.06 billion
Total deposits $0.06 billion
      Interest-bearing deposits $0.05 billion
      Deposits held in domestic offices $0.06 billion
      % insured (estimated) 95.79%
Federal funds purchased and repurchase agreements $0.00 billion
Trading liabilities $0.00 billion
Other borrowed funds $0.00 billion
Subordinated debt $0.00 billion
All other liabilities $0.00 billion
      Total Liabilities $0.06 billion
      Shareholders’ Equity $0.01 billion

Summary Income Statement

March 31, 2019
Total Interest Income $0.00 billion
Total Interest Expense $0.00 billion
Net interest income $0.00 billion
Provision for loan and lease losses $0.00 billion
Total non interest income $0.00 billion
Total non interest expense $0.00 billion
Pre-tax Net Operating Income $-0.00 billion

Bank Loan Profile?

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

Compared to other banks in Illinois, Mutual Federal Bank has a significantly higher percent of 1-4 Family Residential Loans, Multifamily Mortgages 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.

Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 66.08
Credit Card Loans 0.00
Consumer Auto Loans 0.00
Small Business Loans 0.00
Construction and Development Loans 0.00
Commercial Real Estate 9.81
Commercial and Industrial Loans 0.00
Farm Loans 0.00

Frequently Asked Questions About Mutual Federal Bank

Branches and Savings

Is Mutual Federal Bank FDIC insured?

Yes. It is covered under FDIC Certificate #28302.

Why does Mutual Federal 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 Federal Bank CD rates not competitive?

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

Is Mutual Federal Bank a commercial bank?


Where are Mutual Federal Bank locations?

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Is Mutual Federal Bank open on Saturdays?

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Are Mutual Federal Bank ATMs Open 24/7?

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Do Mutual Federal Bank checks expire?

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Does Mutual Federal Bank offer mortgages?

Compare mortgage rates here.

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

Compare home equity lines of credit rates here.

Does Mutual Federal Bank offer personal loans?

Compare personal loan rates here.

Does Mutual Federal Bank offer student loans?

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Background on The Bank

Who owns Mutual Federal Bank?

How long has Mutual Federal Bank been around?

Can Mutual Federal Bank transfer to other banks?

Does Mutual Federal Bank have quick pay?

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