Mutual Federal Bank in Chicago, Illinois (IL)
Overview, Financial Summary, Detailed Financial Reports, Branches


  • Mutual Federal Bank in Chicago, Illinois (IL)
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Mutual Federal Bank - Overview

  • General
  • FDIC Certificate #: 28302
    Status: Active
    Federal Reserve ID: 235174
    Date Established: January 01, 1905
    WWW: http://www.mutualfederalbank.com
    Trust Powers Granted: No
    Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
    Offices: 2 (Domestic: 2, Interstate: No)
    OTS Docket #: 1330
    FDIC's unique #: 41136
    Numeric code: 33
    Regulator: OCC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    FDIC Insured: Yes
    Insured Savings Institution: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: No
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: April 10, 1935
    Last Structure Change Effective Date: July 21, 2011
    Last Structure Change Process Date: July 21, 2011
    Last Data Update: July 21, 2011
    Data Source Date: April 05, 2012
  • Location
  • Address: 2212 West Cermak Road, Chicago, IL 60608
    County: Cook
    Quarterly Banking Profile Region: Chicago
    FDIC Geographic Region: Chicago
    FDIC Supervisory Region: Chicago
    FDIC Field Office: Chicago
    Office of the Comptroller the Currency (OCC) District: Central
    Office of Thrift Supervision Region: Central
    Metropolitan Statistical Area (MSA): Chicago, IL (#1600)
    Consolidated Metropolitan Statistical Area (CMSA): Chicago-Gary-Kenosha, IL-IN-WI (#14)
    Combined Statistical Area (CSA): Chicago-Naperville-Michigan City, IL-IN-WI (#176)
    Core Based Statistical Area (CBSA): Chicago-Joliet-Naperville, IL-IN-WI (#16980)
    CBSA Metro Statistical Area: Chicago-Joliet-Naperville, IL-IN-WI (#16980)
    Core Based Statistical Division: Chicago-Joliet-Naperville, IL (#16974)
  • History of Changes
  • Change in Primary Regulatory Agency
  • Financial Summary
  • Total assets: $82.5 mil
    Equity capital: $12.8 mil
    Deposits held in domestic offices: $69.3 mil
    Return on assets (ROA): -3.51% (-$2.9 mil)
    Quarterly return on assets: -2.30% (-$1.9 mil)
    Return on Equity (ROE): -21.05% (-$2.7 mil)
    Quarterly return on equity: -15.00% (-$2.0 mil)
    Net income: -$2.9 mil
    Quarterly Net income: -$0.5 mil
    Pretax return on assets: -3.51% (-$2,897.5 mil)
    Quarterly Pretax return on assets: -2.30% (-$1,898.6 mil)

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

2000 - 2011 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Historical total employees (full-time equivalent)

Assets and Liabilities (December 31, 2011)

  • Dollar figures in thousands
  • 22Total employees (full-time equivalent)
  • $82,550Total assets
  • $9,001Cash and due from depository institutions
  • $7,978Interest-bearing balances
  • $15,382Securities
  • $5,500Federal funds sold & reverse repurchase agreements
  • $47,804Net loans & leases
  • $1,028Loan loss allowance
  • $1,318Trading account assets
  • $1,750Bank premises and fixed assets
  • $553Other real estate owned
  • $0Goodwill and other intangibles
  • $82,550Life insurance assets
  • $1,242All other assets
  • $69,747Total liabilities and capital
  • $69,284Total liabilities
  • $67,119Total deposits
  • $69,284Interest-bearing deposits
  • $92Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $463Subordinated debt
  • $12,803All other liabilities
  • $12,803Total equity capital
  • $12,803Total bank equity capital
  • $0Perpetual preferred stock
  • $1Common stock
  • $5,578Surplus
  • $7,224Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $6,002Income earned, not collected on loans
  • $0Earning assets
  • $262Long-term assets (5+ years)
  • $77,982Average Assets, year-to-date
  • $0Average Assets, quarterly
  • $82,270Volatile liabilities
  • $83,676Insider loans
  • $51,791FHLB advances
  • $82,468Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $12,752Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $37Restructured Loans and leases
  • $120Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $2,732Total interest income
  • $850Total interest expense
  • $1,882Net interest income
  • $400Provision for loan and lease losses
  • -$114Total noninterest income
  • $0Fiduciary activities
  • $0Service charges on deposit accounts
  • $3Trading account gains & fees
  • -$117Additional noninterest income
  • $4,247Total noninterest expense
  • $2,096Salaries and employee benefits
  • $841Premises and equipment expense
  • $1,310Additional noninterest expense
  • -$2,879Pre-tax net operating income
  • -$5Securities gains (losses)
  • $1Applicable income taxes
  • -$2,885Income before extraordinary items
  • $0Extraordinary gains - net
  • -$2,885Net income attributable to bank
  • $0Net charge-offs
  • -$2,885Cash dividends
  • $601Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 3.57%Yield on earning assets
  • 1.11%Cost of funding earning assets
  • 2.46%Net interest margin
  • -0.15%Noninterest income to earning assets
  • 5.55%Noninterest expense to earning assets
  • -3.50%Net operating income to assets
  • -3.51%Return on assets (ROA)
  • -3.51%Pretax return on assets
  • -21.05%Return on equity (ROE)
  • -21.05%Retained earnings to average equity (YTD only)
  • 1.31%Net charge-offs to loans
  • 66.56%Credit loss provision to net charge-offs
  • -4.12%Efficiency ratio
  • 240,215Assets per employee
  • 3.75%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 2.11%Loss allowance to noncurrent loans
  • 17.13%Noncurrent assets plus other real estate owned to assets
  • 7.94%Noncurrent loans to loans
  • 12.29%Net loans and leases to deposits
  • 69.00%Net loans and leases to core deposits
  • 72.32%Equity capital to assets
  • 15.51%Core capital (leverage) ratio
  • 15.46%Tier 1 risk-based capital ratio
  • 24.62%Total risk-based capital ratio
  • Memoranda
  • $26Average assets
  • $82,270Average earning assets
  • $13,707Average equity
  • $76,569Average loans

List of branches

  • 2 Illinois Branches as of April 05, 2012
    • NoIDNameAddressEstablishedService TypeMap
    041136Mutual Federal Bank2212 West Cermak Road, Chicago, IL 60608January 01, 1905Full Service Brick and Mortar
    1522077Great American Bank Branch15700 103rd Street, Lemont, IL 60439September 01, 2010Full Service Brick and Mortar

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