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.

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.

%
Loans
%
Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 65.53
Multifamily
Mortgages
26.30
Credit Card Loans 0.00
Consumer Auto Loans 0.00
Small Business Loans 6.23
Construction and Development Loans 0.00
Commercial Real Estate 9.95
Commercial and Industrial Loans 0.00
Farm Loans 0.00

Deposit Rates - April 22, 2019

Your Current Location: Washington, WA 98109

Savings and Money Market Rates APY MIN MAX
Money Market
0.50% $2,500 - Learn MoreShow Less
CD Rates APY MIN MAX
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

Fixed IRA Rates APY MIN MAX
Fixed IRA
1.71% $500 - Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg
0.15% $200 - Learn MoreShow Less

Loan Rates - April 22, 2019

Your Current Location: Washington, WA 98109

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 - Washington 30 Year Fixed Mortgage Rates 2019

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
AimLoan.com NMLS#2890
NMLS ID: 2890
License#: 520-CL-25944
4.183% 4.125% 0.25 $1,834 $1,212 Learn More
Quicken Loans NMLS #3030
NMLS ID: 3030
5.375% 5.375% 0.00 $0 $1,400 Learn More
J.G. Wentworth Home Lending, LLC
NMLS ID: 2925
License#: CL-2925. NMLSID#2925
4.034% 4.000% 0.38 $1,030 $1,194 Learn More

Featured - Washington 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
Figure Home Equity Loan Plus
Figure Home Equity Loan Plus
8.000 %
N/A Learn More
More Info
Third Federal Savings and Loans
Third Federal Savings and Loans
4.490 %
$0 Learn More
More Info

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

Branches

Mutual Federal 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:
Seattle,Washington


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 BestCashCow.com 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
10.94% 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 Federal Bank had $1,487,000 in non-current loans and $90,000 in owned real estate. To cover these potential losses it had $13,503,000 in equity and $909,000 in loans loss reserves. That gives it a Texas Ratio of 10.94%.

Return on Equity
Mutual Federal Bank U.S. Bank Average
0.44% 8.80%

Mutual Federal Bank has a Return on Equity of 0.44% 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 Federal Bank U.S. Bank Average
18.84% 12.29%

Mutual Federal Bank has a Capitalization of 18.84% 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 Federal Bank Balance Sheet Analysis

As of December 31, 2018, Mutual Federal Bank had assets of $71,681,000, loans of $51,128,000, and deposits of $57,808,000. 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 $0.02 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
LIABILITIES
Total deposits $0.06 billion
      Interest-bearing deposits $0.05 billion
      Deposits held in domestic offices $0.06 billion
      % insured (estimated) 96.29%
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

December 31, 2018
INCOME AND EXPENSES
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

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?

Yes

Where are Mutual Federal Bank locations?

See branch locations nearby.

Is Mutual Federal Bank open on Saturdays?

Is Mutual Federal Bank open on Sundays?

What time does Mutual Federal Bank open?

What time does Mutual Federal Bank close?

Are Mutual Federal Bank ATMs Open 24/7?

Do Mutual Federal Bank ATMs accept cash deposits?

Can Mutual Federal Bank customers use other ATMs?

Do Mutual Federal Bank branches have notaries?

Will Mutual Federal Bank notarize my document?

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

Will the Mutual Federal Bank branch print checks?

Do Mutual Federal Bank checks expire?

Does Mutual Federal Bank require US citizenship to open account?

Can Mutual Federal Bank close my account?

Does Mutual Federal Bank Report to credit bureaus?

Does Mutual Federal Bank Use Equifax?

What is Mutual Federal Bank's ACH Routing Number?

What is Mutual Federal Bank's SWIFT code?

Products

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?

Will Mutual Federal Bank cash a check?

Will Mutual Federal Bank redeem a savings bond?

Does Mutual Federal Bank cash savings bonds?

Will Mutual Federal Bank cash money orders?

Can Mutual Federal Bank issue a money order?

Does Mutual Federal Bank do currency exchange?

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?

Does Mutual Federal Bank accept rolled coins?

Will Mutual Federal Bank accept loose change?

Where is Mutual Federal Bank headquarters?

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