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Overview / Commentary
507-288-3435
5200 Members Parkway, Nw
Rochester, MN 55901

Think Mutual Bank is headquartered in Rochester and is the 4th largest bank in the state of Minnesota. It is also the 455th largest bank in the nation. It was established in 2007 and as of March of 2014, it had grown to 258 employees at 11 locations. Think Mutual Bank has a A+ health rating.

Reviews (2)

Most Efficient Bank Of All

I have been a customer of Think Bank ( earlier IBM EFCU) for over 10 years. In these years, I also have used Bank of America , Wachovia and few others. But none are even close to the efficiency and customer service of Think. They are easily accessible, efficient and thorough. I quote them as bench mark to other banks when they ask me for feed back.

Great Service, No/Low Fees, Great Rates At THINKBANK

THINKBANK used to be a credit union, THINKCU for Employees/family/friends of IBM.  Superbly run by IBM folks.  It recently converted to a bank to offer more services to more people.  I was very hesitant because I was thrilled by the rates and free services at the Credit Union.    So far, it's been great.  Not getting charged for 'inactive accounts', checking accounts, etc.  Car loan rates were the best I could find. 



Health

Data for Q1 2014

Institution Health

A+

Texas Ratio

GRADE:
A+

The Texas Ratio is an indicator of how much capital a bank has available compared to the total value of loans considered at risk. As of March 31, 2014 Think Mutual Bank had $4.01 million in non-current loans and owned real-estate with $217.07 million in equity and loan loss allowances on hand to cover it. This gives Think Mutual Bank a Texas Ratio of 1.85% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
B

The Texas Ratio for Think Mutual Bank decreased slightly from 2.10% as of March 31, 2013 to 1.85% as of March 31, 2014, resulting in a positive change of 12.24%.This indicates that the balance sheet and financial strength for Think Mutual Bank has improved slightly in recent periods.

Deposit Growth

GRADE:
B+

In the past year, Think Mutual Bank has increased its total deposits by $19.03 million, resulting in 1.52% 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 Think Mutual Bank has shown is above average.

Capitalization

GRADE:
A+

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. Think Mutual Bank has $1.51 billion in assets with $217.07 million in equity, resulting in a capitalization level of 14.35%, which is excellent.

Institution Statistics

Overall
FDIC Certificate #58536
Year Established2007
Employees258
Primary RegulatorOCC
Assets and Liabilities
Assets$1.51 billion
Loans$781.20 million
Deposits$1.27 billion
Equity Capital$213.77 million
Loan Loss Allowance$3.29 million
Unbacked Noncurrent Loans$3.60 million
Real Estate Owned$405,000
Historic Data - March 2013
Assets$1.49 billion
Equity Capital$213.22 million
Loan Loss Allowance$3.52 million
Unbacked Noncurrent Loans$3.60 million
Real Estate Owned$101,000
Profit Margin - Quarterly
Net Interest Margin2.64%
Return on Assets0.3%
Return on Equity2.11%
Interest Income$10.48 million
Rates

Always verify rates and promotions with the bank or credit union. We are not Think Mutual Bank, we are a rate comparison website and can not provide official rates or promotions.

Think Mutual Bank Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.15%$20k-Savings Account

Think Mutual Bank Money Market Rates

DetailsAPYMINMAXPRODUCT
0.40%$100k-Money Market Account

Think Mutual Bank Checking Account Rates

DetailsAPYMINMAXPRODUCT
0.01%--Premium Checking Account

Think Mutual Bank CD Rates

DetailsAPYMINMAXPRODUCT
1.05%$50k-5 Year Fixed Jumbo CD
1.00%$250-5 Year Fixed CD
0.90%$50k-4 Year Fixed Jumbo CD
0.85%$250-4 Year Fixed CD
0.70%$50k-3 Year Fixed Jumbo CD
0.65%$250-3 Year Fixed CD
0.60%$50k-30 Month Fixed Jumbo CD
0.55%$250-30 Month Fixed CD
0.55%$50k-2 Year Fixed Jumbo CD
0.50%$250-2 Year Fixed CD
0.50%$50k-18 Month Fixed Jumbo CD
0.45%$250-18 Month Fixed CD
0.45%$50k-12 Month Jumbo Fixed CD
0.45%$50k-1 Year Fixed Jumbo CD
0.40%$250-1 Year Fixed CD
0.40%$250-12 Month Fixed CD
0.35%$50k-6 Month Jumbo Fixed CD
0.30%$250-6 Month Fixed CD
0.25%$50k-3 Month Jumbo Fixed CD
0.25%$50k-1 Year Jumbo Variable CD
0.20%$250-3 Month Fixed CD
0.20%$250-1 Year Variable CD
0.20%$50k-6 Month Jumbo Variable CD
0.15%$250-6 Month Variable CD

Think Mutual Bank IRA Rates

DetailsAPYMINMAXPRODUCT
1.05%$50k-5 Year Fixed Jumbo IRA
1.00%$250-5 Year Fixed IRA
0.90%$50k-4 Year Fixed Jumbo IRA
0.85%$250-4 Year Fixed IRA
0.70%$50k-3 Year Fixed Jumbo IRA
0.65%$250-3 Year Fixed IRA
0.60%$50k-30 Month Fixed Jumbo IRA
0.55%$250-30 Month Fixed IRA
0.55%$50k-2 Year Fixed Jumbo IRA
0.50%$250-2 Year Fixed IRA
0.50%$50k-18 Month Fixed Jumbo IRA
0.45%$250-18 Month Fixed IRA
0.45%$50k-1 Year Fixed Jumbo IRA
0.40%$250-1 Year Fixed IRA
0.35%$50k-6 Month Jumbo Fixed IRA
0.30%$250-6 Month Fixed IRA
0.25%$50k-3 Month Jumbo Fixed IRA
0.25%$50k-1 Year Jumbo Variable IRA
0.20%$250-3 Month Fixed IRA
0.20%$250-1 Year Variable IRA
0.20%$50k-6 Month Jumbo Variable IRA
0.15%$50k-30 Day Jumbo IRA
0.15%$250-6 Month Variable IRA
0.10%$250-30 Day IRA
Locations

Think Mutual Bank has 11 locations. Click to view all Think Mutual Bank locations.