1.5 star ratingAverage User Rating:
1.5 star rating based on 3 reviews.

Bank Mutual

Bank Mutual Locations
4949 West Brown Deer Road
Brown Deer, WI 53223
1-800-261-6888
www.bankmutual.com

FDIC

Bank Mutual is headquartered in Brown Deer and is the 3rd largest bank in the state of Wisconsin. It is also the 304th largest bank in the nation. It was established in 1940 and as of March of 2013, it had grown to 685 employees at 77 locations. Bank Mutual has a 4-star health rating.

Bank Mutual Routing Number: 275071330

Related Posts

$120 Checking Account Bonus at Bank Mutual - Wisconsin Only - 2/24/2012

Bank Mutual is offering a checking account promotion to celebrate the bank's 120th birthday. You can earn $120 for opening one of their qualifying checking accounts, adding direct deposit and register ...


Data for Q1 2013


Institution Statistics


Bank Mutual
OTS #17079
FDIC Certificate #30125
BankRate ReportView
Year Established1940
Employees685
Primary RegulatorOCC

Assets and Liabilities

Assets$2.39 billion
Loans$1.42 billion
Deposits$1.88 billion
Equity Capital$267.27 million
Loan Loss Allowance$21.45 million
Unbacked Noncurrent Loans$23.27 million
Real Estate Owned$13.48 million

Historic Data - March 2012

Assets$2.61 billion
Equity Capital$264.94 million
Loan Loss Allowance$25.24 million
Unbacked Noncurrent Loans$59.02 million
Real Estate Owned$22.18 million

Profit Margin - Quarterly

Net Interest Margin3%
Return on Assets0.45%
Return on Equity4.04%
Interest Income$20.18 million

Institution Health


Overall Score:
4 out of 5
4
Texas Ratio4
The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of March 31, 2013 Bank Mutual had $36.75 million in non-current loans and owned real-estate with $288.72 million in equity and loan loss allowances on hand to cover it. This gives Bank Mutual a Texas Ratio of 12.73% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend5
The Texas Ratio for Bank Mutual decreased significantly from 27.98% as of March 31, 2012 to 12.73% as of March 31, 2013, resulting in a positive change of 54.51%.This indicates that the balance sheet and financial strength for Bank Mutual has improved significantly in recent periods.
Deposit Growth1
In the past year, Bank Mutual has decreased its total deposits by -$181.46 million, resulting in -8.81% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Bank Mutual has shown is poor.
Capitalization5
Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Bank Mutual has $2.39 billion in assets with $288.72 million in equity, resulting in a capitalization level of 12.07%, which is excellent.
Write Review

3.5% Interest Rate
1 stars - sabre82af - Monday, March 28, 2011 - 7:51 PM

The 3.5% interest is on the first $1000 only. Another teaser rate to get you to look at their site!

3

Great Accounts, Bad Technology.
2 stars - l_gregs - Tuesday, November 13, 2012 - 4:52 PM

Minimal requirements to keep checking accounts free, which is really great.  However they have more accounts to choose from than most banks. The "best" account does have a monthly fee, the benefit they sell with it it the ID theft protection, which I could not find an online place to log onto, everything was via mail which can sometimes be to late.  The online banking is of poor quality.  It seems illogical the way the accounts are set up to look at once you log in.  The bill pay is a completely awful.  It would be easier to log onto each individual billers website to pay bills, and probably a lot quicker.  If you use your accounts minimally and don't mind poor technology or just need a place to hold money it's great.  There are also a lot of hoops to jump if you need to change anything on your accounts.  My main bank gives me the ability to change information via online banking, at BM it seems that everything needs to be done face to face or they will send you a form in the mail.  

2

Worst Bank EVER........And I Speak The Truth, Not Being One Sided
1 stars - brewcrew9 - Tuesday, September 18, 2012 - 6:24 PM

I could speak forever, and not list all of their criminal actions they take in order to make more money. They have held deposits, CASH, and Direct deposits in order to show and lower balance and hit you with fees. They have "slammed" me into accepting false positive balancing on my checking account, all behind my back and lying about it. All of this to get my money. A manager even told me he would kick my ass , when I disgreed with him ( I KID YOU NOT HE ACTUALLY SADI THAT). I could go on and on, but I never have been treated more poorly then by them. I have 3 other accounts from 2 different banks and have NEVER had any issue with any of them. Needless to say, I will taking all of my money out of this terrible bank and I have filed a complaint with the federal OCC oversight agency.

 

Do yourself a favor, go somewhere else...............quickly RUN RUN

 

2
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