MutualBank

110 East Charles St
Muncie, IN 47305
(800) 382-8031
www.bankwithmutual.com

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MutualBank is headquartered in Muncie and is the 12^st largest bank in the state of Indiana. It is also the 463^rd largest bank in the nation. It was established in 1889 and as of March of 2012, it had grown to 380 employees at 32 locations. MutualBank's savings rates are 44% higher than the national average, and it has a 4-star health rating.

MutualBank Routing Number: 274970681

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

MutualBank Checking Account Rates

Apy	Min	Max	Product
0.90%^†	$1m	-	Concierge Banking
0.35%^†	$50k	-	Investor's Gold
0.25%^†	$100	-	Business Checking
0.25%^†	$100k	-	Community Checking
0.20%^†	$50k	-	Business Checking with Interest
0.10%^†	$10k	-	Option 3 Checking
0.05%^†	-	-	Option 2 Checking

MutualBank Savings Account Rates

Apy	Min	Max	Product
0.75%^†	$5k	-	Health Savings Account
0.50%^†	$25	-	Clockwork CD
0.50%^†	$25	-	Home Buyer CD
0.15%^†	$95k	-	IRA Savings
0.05%^†	$100	-	Personal Statement Savings
0.05%^†	-	-	Personal Cool S.A.M Savings

MutualBank Money Market Rates

	Apy	Min	Max	Product
	0.50%^†	$100k	-	Business Money Market

MutualBank CD Rates

Apy	Min	Max	Product
1.66%^†	$95k	-	72-83 Month CD
1.66%^†	$2,500	-	49 Month CD Special
1.41%^†	$95k	-	60-71 Month CD
1.15%^†	$95k	-	48-59 Month CD
1.15%^†	$95k	-	5 Year Worry Free CD
0.90%^†	$95k	-	36-47 Month CD
0.70%^†	$95k	-	24-35 Month CD
0.70%^†	$2,500	-	20 Month CD Special
0.65%^†	$95k	-	3 Year Worry Free CD
0.50%^†	$95k	-	12-23 Month CD
0.45%^†	$2,500	-	10 Month CD Special
0.35%^†	$95k	-	182-364 Day CD
0.30%^†	$95k	-	30-90 Day CD
0.30%^†	$95k	-	91-181 Day CD
0.15%^†	$95k	-	7 Day CD
0.10%^†	$10k	-	9 Month No Penalty CD

MutualBank IRA Rates

Apy	Min	Max	Product
1.66%^†	$95k	-	72-83 Month IRA
1.66%^†	$2,500	-	49 Month IRA Special
1.41%^†	$95k	-	60-71 Month IRA
1.15%^†	$95k	-	48-59 Month IRA
1.15%^†	$95k	-	5 Year Worry Free IRA
0.90%^†	$95k	-	36-47 Month IRA
0.70%^†	$95k	-	24-35 Month IRA
0.70%^†	$2,500	-	20 Month IRA Special
0.65%^†	$95k	-	3 Year Worry Free IRA
0.50%^†	$95k	-	12-23 Month IRA

Rates updated: 5/26/2012

Data for Q1 2012

Institution Statistics

MutualBank
OTS #	00210
FDIC Certificate #	27744
BankRate Report	View
Year Established	1889
Employees	380
Primary Regulator	FDIC
Assets and Liabilities
Assets	$1.44 billion
Loans	$919.82 million
Deposits	$1.19 billion
Equity Capital	$145.55 million
Loan Loss Allowance	$16.63 million
Unbacked Noncurrent Loans	$29.59 million
Real Estate Owned	$7.38 million
Historic Data - March 2011
Assets	$1.45 billion
Equity Capital	$141.96 million
Loan Loss Allowance	$13.65 million
Unbacked Noncurrent Loans	$24.99 million
Real Estate Owned	$8.10 million
Profit Margin - Quarterly
Net Interest Margin	3.17%
Return on Assets	0.47%
Return on Equity	4.61%
Interest Income	$13.93 million

Institution Health

Overall Score:

4 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 MutualBank had $36.97 million in non-current loans and owned real-estate with $162.18 million in equity and loan loss allowances on hand to cover it. This gives MutualBank a Texas Ratio of 22.79% 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 MutualBank held steady from 21.26% as of March 31, 2011 to 22.79% as of March 31, 2012, resulting in a negative change of 7.21%. This indicates that the balance sheet and financial strength for MutualBank has held steady in recent periods.
Deposit Growth
In the past year, MutualBank has increased its total deposits by $16.51 million, resulting in 1.4% 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 MutualBank has shown is above average.
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. MutualBank has $1.44 billion in assets with $162.18 million in equity, resulting in a capitalization level of 11.28%, which is above average.

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