Think Mutual Bank

5200 Members Parkway, Nw
Rochester, MN 55901

 

2019 Overview

General Bank Information

FDIC Insured Yes
FDIC Certificate # 58536
Date Established 2007
Assets $1.65 billion
Loans $1.04 billion
Deposits $1.37 billion
Capital $0.26 billion

Think Mutual Bank is an FDIC insured institution located in Rochester, MN. It was founded in 2007 and has approximately $1.65 billion in assets. Customers can open an account at one of its 11 branches.

For a more detailed analysis of Think 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 Think Mutual Bank’s loan portfolio are 1-4 Family Residential Loans, Consumer Auto Loans, and Commercial Real Estate.

Compared to other banks in Minnesota, Think Mutual Bank has a significantly higher percent of 1-4 Family Residential Loans, 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 70.83
Multifamily
Mortgages
0.65
Credit Card Loans 0.00
Consumer Auto Loans 18.57
Small Business Loans 1.26
Construction and Development Loans 1.51
Commercial Real Estate 2.35
Commercial and Industrial Loans 1.76
Farm Loans 0.00

Deposit Rates - May 23, 2019

Your Current Location: Virginia, VA 20146

Savings and Money Market Rates APY MIN MAX
Money Market
0.50% $5,000 $19,999 Learn MoreShow Less
Money Market
0.55% $20,000 $49,999 Learn MoreShow Less
CD Rates APY MIN MAX
0.55% $250 $49,999 Learn MoreShow Less
3 Mo CD
0.65% $50,000 - Learn MoreShow Less
0.75% $250 $49,999 Learn MoreShow Less
6 Mo CD
0.85% $50,000 - Learn MoreShow Less
1.25% $250 $49,999 Learn MoreShow Less
12 Mo CD
1.35% $50,000 - Learn MoreShow Less
1.35% $250 $49,999 Learn MoreShow Less
18 Mo CD
1.45% $50,000 - Learn MoreShow Less
1.50% $250 $49,999 Learn MoreShow Less
24 Mo CD
1.60% $50,000 - Learn MoreShow Less
1.55% $250 $49,999 Learn MoreShow Less
1.75% $250 $49,999 Learn MoreShow Less
36 Mo CD
1.85% $50,000 - Learn MoreShow Less
2.00% $250 $49,999 Learn MoreShow Less
48 Mo CD
2.10% $50,000 - Learn MoreShow Less
2.25% $250 $49,999 Learn MoreShow Less
60 Mo CD
2.35% $50,000 - Learn MoreShow Less

Fixed IRA Rates APY MIN MAX
1.25% $250 $49,999 Learn MoreShow Less
Variable IRA Rates APY MIN MAX
1.00% $250 $49,999 Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg
0.05% $1 $1,499 Learn MoreShow Less
Int Ckg
0.10% $1,500 - Learn MoreShow Less

Loan Rates - May 23, 2019

Your Current Location: Virginia, VA 20146

Home Equity Rates APR Rate Monthly Payment
Auto Loan Rates APR Rate Monthly Payment
3 Year 2.99% 2.99% $726.92
4 Year 3.09% 3.09% $554.35
5 Year 3.19% 3.19% $451.33
6 Year 3.69% 3.69% $387.61
7 Year 3.89% 3.89% $340.46
Refinance Mortgage Rates APR Rate Monthly Payment
Purchase Mortgage Rates APR Rate Monthly Payment

Monthly payments for mortgage products are based on a loan amount of $200,000. Home equity monthly payments are based on a loan amount of $50,000. Auto loan monthly payments are based on a loan amount of $25,000. Rates for each product are based on a variety of factors including credit score and loan amount. For specific requirements please check with the lender. Rates may change at any time.

Branches

Think 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


Think Mutual Bank Locations


Financial Details

Think Mutual Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Think 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
Think Mutual Bank U.S. Bank Average
0.49% 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, Think Mutual Bank had $1,304,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $261,454,000 in equity and $4,194,000 in loans loss reserves. That gives it a Texas Ratio of 0.49%.

Return on Equity
Think Mutual Bank U.S. Bank Average
6.71% 8.80%

Think Mutual Bank has a Return on Equity of 6.71% 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
Think Mutual Bank U.S. Bank Average
15.87% 12.29%

Think Mutual Bank has a Capitalization of 15.87% 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.

Think Mutual Bank Balance Sheet Analysis

As of December 31, 2018, Think Mutual Bank had assets of $1,647,162,000, loans of $1,040,887,000, and deposits of $1,371,557,000. 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 $0.08 billion
Interest-bearing balances $0.07 billion
Total securities $0.43 billion
Federal funds sold and reverse repurchase $0.00 billion
Net loans and leases $1.04 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 $0.05 billion
     Total Assets $1.39 billion
LIABILITIES
Total deposits $1.37 billion
      Interest-bearing deposits $1.27 billion
      Deposits held in domestic offices $1.37 billion
      % insured (estimated) 95.61%
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 $0.01 billion
      Total Liabilities $1.39 billion
      Shareholders’ Equity $0.26 billion

Summary Income Statement

December 31, 2018
INCOME AND EXPENSES
Total Interest Income $0.05 billion
Total Interest Expense $0.00 billion
Net interest income $0.05 billion
Provision for loan and lease losses $0.00 billion
Total non interest income $0.02 billion
Total non interest expense $0.05 billion
Pre-tax Net Operating Income $0.02 billion

Frequently Asked Questions About Think Mutual Bank

Branches and Savings

Is Think Mutual Bank FDIC insured?

Yes. It is covered under FDIC Certificate #58536.

Why does Think 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 Think Mutual Bank CD rates not competitive?

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

Is Think Mutual Bank a commercial bank?

Yes

Where are Think Mutual Bank locations?

See branch locations nearby.

Is Think Mutual Bank open on Saturdays?

Is Think Mutual Bank open on Sundays?

What time does Think Mutual Bank open?

What time does Think Mutual Bank close?

Are Think Mutual Bank ATMs Open 24/7?

Do Think Mutual Bank ATMs accept cash deposits?

Can Think Mutual Bank customers use other ATMs?

Do Think Mutual Bank branches have notaries?

Will Think Mutual Bank notarize my document?

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

Will the Think Mutual Bank branch print checks?

Do Think Mutual Bank checks expire?

Does Think Mutual Bank require US citizenship to open account?

Can Think Mutual Bank close my account?

Does Think Mutual Bank Report to credit bureaus?

Does Think Mutual Bank Use Equifax?

What is Think Mutual Bank's ACH Routing Number?

What is Think Mutual Bank's SWIFT code?

Products

Does Think Mutual Bank offer mortgages?

Compare mortgage rates here.

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

Compare home equity lines of credit rates here.

Does Think Mutual Bank offer personal loans?

Compare personal loan rates here.

Does Think Mutual Bank offer student loans?

Will Think Mutual Bank cash a check?

Will Think Mutual Bank redeem a savings bond?

Does Think Mutual Bank cash savings bonds?

Will Think Mutual Bank cash money orders?

Can Think Mutual Bank issue a money order?

Does Think Mutual Bank do currency exchange?

Background on The Bank

Who owns Think Mutual Bank?

How long has Think Mutual Bank been around?

Can Think Mutual Bank transfer to other banks?

Does Think Mutual Bank have quick pay?

Does Think Mutual Bank accept rolled coins?

Will Think Mutual Bank accept loose change?

Where is Think Mutual Bank headquarters?

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