Mutual Federal Savings Bank of Plymouth County

Mutual Federal Savings Bank of Plymouth County Locations

570 Washington St
Whitman, MA 2382
(781) 447-4488
www.mymutualbank.com

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Mutual Federal Savings Bank of Plymouth County is headquartered in Whitman and is the 73^rd largest bank in the state of Massachusetts. It is also the 1,716^st largest bank in the nation. It was established in 1889 and as of March of 2012, it had grown to 73 employees at 9 locations. Mutual Federal Savings Bank of Plymouth County's savings rates are 3X the national average, and it has a 3-star health rating.

Another New Reward Checking Account With A $10K Cap In Massachusetts (Forum) - 11/14/2010

Unless a new reward checking account with a $10K cap has a very good yield, it's not worth a blog post (at least not yet). But I'll mention it in the forum. Mutual Bank in Massachusetts is offering a reward checking account with the following rates and

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See Rates for: Checking | Savings | Money Market | CD | IRA

Mutual Federal Savings Bank of Plymouth County Checking Account Rates

Apy	Min	Max	Product
1.50%	-	$10k	Reward Checking
0.25%	$1,500	-	Business Interest Checking
0.25%	$1,500	-	High Interest Checking
0.05%	-	-	Direct Free Interest Checking
0.05%	-	-	50+ Free Interest Checking

Mutual Federal Savings Bank of Plymouth County Savings Account Rates

Apy	Min	Max	Product
1.50%	-	$25k	Real Saver - Qualifying
0.10%	-	-	Business Savings
0.10%	-	-	Statement Savings
0.05%	-	-	Real Saver - Non Qualifying

Mutual Federal Savings Bank of Plymouth County Money Market Rates

Apy	Min	Max	Product
0.35%	$100k	-	High Yield Money Market
0.25%	$100k	-	Business Money Market Savings
0.10%	-	-	Money Market Account

Mutual Federal Savings Bank of Plymouth County CD Rates

Apy	Min	Max	Product
1.50%	$100	-	48 Month CD
1.50%	$100	-	Business 48 Month CD
1.00%	$100	-	24 Month CD
1.00%	$100	-	Business 24 Month CD
0.50%	$100	-	18 Month CD
0.50%	$100	-	Business 18 Month CD
0.40%	$100	-	12 Month CD
0.40%	$100	-	Business 12 Month CD
0.25%	$100	-	6 Month CD
0.25%	$100	-	Business 6 Month CD
0.20%	$100	-	3 Month CD
0.20%	$100	-	Business 3 Month CD

Mutual Federal Savings Bank of Plymouth County IRA Rates

Apy	Min	Max	Product
1.00%	$100	-	24 Month IRA
1.00%	$100	-	24 Month Roth IRA
0.50%	$100	-	18 Month IRA
0.50%	$100	-	18 Month Variable Rate IRA
0.50%	$100	-	18 Month Roth IRA
0.50%	$100	-	18 Month Variable Rate Roth IRA
0.40%	$100	-	12 Month IRA
0.40%	$100	-	12 Month Roth IRA

Rates updated: 5/26/2012 * Not all products updated

Data for Q1 2012

Institution Statistics

Mutual Federal Savings Bank of Plymouth County
OTS #	04032
FDIC Certificate #	29755
BankRate Report	View
Year Established	1889
Employees	73
Primary Regulator	OCC
Assets and Liabilities
Assets	$388.42 million
Loans	$240.24 million
Deposits	$275.50 million
Equity Capital	$34.63 million
Loan Loss Allowance	$1.90 million
Unbacked Noncurrent Loans	$5.41 million
Real Estate Owned	$458,000
Historic Data - March 2011
Assets	$376.29 million
Equity Capital	$32.02 million
Loan Loss Allowance	$1.75 million
Unbacked Noncurrent Loans	$2.52 million
Profit Margin - Quarterly
Net Interest Margin	2.57%
Return on Assets	0.59%
Return on Equity	6.46%
Interest Income	$3.28 million

Institution Health

Overall Score:

3 out of 5

Texas Ratio
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, 2012 Mutual Federal Savings Bank of Plymouth County had $5.87 million in non-current loans and owned real-estate with $36.53 million in equity and loan loss allowances on hand to cover it. This gives Mutual Federal Savings Bank of Plymouth County a Texas Ratio of 16.07% which is average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend
The Texas Ratio for Mutual Federal Savings Bank of Plymouth County increased slightly from 7.47% as of March 31, 2011 to 16.07% as of March 31, 2012, resulting in a negative change of 115.10%. This indicates that the balance sheet and financial strength for Mutual Federal Savings Bank of Plymouth County has declined slightly in recent periods.
Deposit Growth
In the past year, Mutual Federal Savings Bank of Plymouth County has increased its total deposits by $23.73 million, resulting in 9.42% 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 Mutual Federal Savings Bank of Plymouth County has shown is excellent.
Capitalization
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. Mutual Federal Savings Bank of Plymouth County has $388.42 million in assets with $36.53 million in equity, resulting in a capitalization level of 9.40%, which is average.