MutualBank is headquartered in Muncie and is the 12th largest bank in the state of Indiana. It is also the 417th largest bank in the nation. It was established in 1889 and as of September of 2018, it had grown to 511 employees at 40 locations. MutualBank has an A health rating.
I have had multiple checking and savings accounts with Mutual Bank for almost twenty years. As the years have passed, they have always been on top of the changing market and products, going from paper checks and cash, to electronic bill pay and Internet banking from my phone. Their interest rates and customer service have always been comparable to all the other local banks, and given the awful customer service and scandals we have seen from the large national banks, I would never consider switching to one of those big banks. Whenever I have had a problem or issue, the staff at Mutual Bank has always been helpful and quick in identifying and resolving it. I'd gladly recommend them to anyone seeking a reliable and friendly banking institution.
Mutual Federal Bank has been around since I can remember. They have great workers that are genuine and helpful. If you have a question don't hesitate to ask. Their staff is very knowledgeable and helpful. Their banking fees are very low and minimal. If you are looking for a dependable bank, look no further than Mutual Federal Bank.
|FDIC Certificate #||27744|
|Return on Assets - YTD||0.97%|
|Return on Equity - YTD||9.8%|
|Annual Interest Income||$58.1MM|
|Assets and Liabilities|
|Assets||Q3 2018vs Q3 2017||$2.02B$1.58B|
|Loans||Q3 2018vs Q3 2017||$1.47B$1.18B|
|Deposits||Q3 2018vs Q3 2017||$1.54B$1.20B|
|Equity Capital||Q3 2018vs Q3 2017||$204.2MM$149.8MM|
|Loan Loss Allowance||Q3 2018vs Q3 2017||$13.0MM$12.4MM|
|Unbacked Noncurrent Loans||Q3 2018vs Q3 2017||$5.7MM$4.3MM|
|Real Estate Owned||Q3 2018vs Q3 2017||$1.9MM$843.00K|
Rates for MutualBank are currently being reviewed.