Bank Mutual (merged into Associated Bank)

FDIC-insured bank with its head office in Brown Deer, Wisconsin, established in 1940 according to the FDIC.
Merged. Bank Mutual merged into Associated Bank on (FDIC: absorbtion - without assistance). Its data ends with the Call Report for ; figures on this page are from that report or earlier.

Bank Mutual reported total assets of $2.4 bn at Q1 2018, its last Call Report before it merged into Associated Bank. The CET1 capital ratio at Bank Mutual was 12.77%, and the uninsured share of Bank Mutual was 12.53%. Source: FDIC Call Reports.

Total assets
$2.4 bn
A year earlier (Q1 2017): $2.7 bn
CET1 capital ratio
12.77%
A year earlier (Q1 2017): 13.24%
Return on equity
-4.70%
A year earlier (Q1 2017): 5.61%
Uninsured share of deposits
12.53%
A year earlier (Q1 2017): 13.60%

What sets Bank Mutual apart

Nothing in the latest data sets Bank Mutual apart from banks of its size: no ratio in the top or bottom tenth of its size group, no large rank move or year change, and no acquisition in the FDIC history since 2016. This page is kept out of search results until that changes.

How large is Bank Mutual?

The balance sheet of Bank Mutual at : assets $2.4 bn, deposits $1.8 bn, net loans $1.9 bn (loans equal to 104.10% of deposits). Since , when Bank Mutual held $2.5 bn, its assets shrank 5.7%. In the year to , deposits at Bank Mutual fell 8.3% while its total assets fell 10.4%. At , Bank Mutual employed 447 full-time equivalent staff across 59 offices, about $5.3 mn of assets per employee and $30.3 mn of deposits per office.

How much funding at Bank Mutual is uninsured?

At Bank Mutual, uninsured deposits (above the FDIC limit) made up 12.53% of domestic deposits at (-1.07 pp on a year earlier). In dollars, Bank Mutual estimated $224.0 mn of uninsured deposits.

Key facts, Q1 2018

MetricValueA year earlierUS rank
Total deposits$1.8 bn$1.9 bn (Q1 2017)
Net loans and leases$1.9 bn$2.0 bn (Q1 2017)
Loan-to-deposit ratio104.10%101.08% (Q1 2017)
Tier 1 leverage ratio11.30%10.17% (Q1 2017)
Total risk-based capital ratio12.94%14.26% (Q1 2017)
Net interest margin3.37%3.03% (Q1 2017)
Return on assets (ROA)-0.67%0.55% (Q1 2017)
Efficiency ratio116.72%74.34% (Q1 2017)
Noncurrent loans to total loans1.26%0.45% (Q1 2017)
Net charge-offs to average loans0.01%0.01% (Q1 2017)

US rank of Bank Mutual: 1 = highest unless marked 1 = lowest.

Balance sheet

Bank Mutual: assets, deposits and loans

USD bn
Total assets, deposits and net loans of Bank Mutual each quarter; total assets were $2.4 bn at Q1 2018$1.7bn$2.0bn$2.2bn$2.5bn$2.8bn20172018Total assets$2.4bnNet loans$1.9bnDeposits$1.8bnTotal assets, deposits and net loans of Bank Mutual each quarter; total assets were $2.4 bn at Q1 2018$1.7bn$2.1bn$2.4bn$2.8bn20172018
  • Total assets $2.4bn
  • Deposits $1.8bn
  • Net loans $1.9bn
to . FDIC Call Reports.

Capital and securities

The CET1 ratio of Bank Mutual stood at 12.77% in , -0.47 pp year on year. Low and high at Bank Mutual since : 12.77% () to 14.28% (). Equity capital of Bank Mutual at : $455.9 mn, or 19.1% of total assets. Bank Mutual also reported a total capital ratio of 12.94% for , and a tier 1 leverage ratio of 11.30%.

Bank Mutual: capital ratios

Percent
CET1, total risk-based capital and tier 1 leverage ratios of Bank Mutual, Q1 2016 to Q1 20189.7%11%13%14%16%20172018Total capital13%CET113%Tier 1 leverage11%CET1, total risk-based capital and tier 1 leverage ratios of Bank Mutual, Q1 2016 to Q1 20189.7%12%14%16%20172018
  • Total capital 13%
  • CET1 13%
  • Tier 1 leverage 11%
to . FDIC Call Reports.

Bank Mutual: unrealized securities gains and losses

USD bn
Unrealized gains and losses on available-for-sale and held-to-maturity securities of Bank Mutual, Q1 2016 to Q1 2018-$5mn-$2mn$1mn$4mn$7mn20172018Available for sale$0Held to maturity$0Unrealized gains and losses on available-for-sale and held-to-maturity securities of Bank Mutual, Q1 2016 to Q1 2018-$5mn-$757,087$3mn$7mn20172018
  • Available for sale $0
  • Held to maturity $0
to . FDIC Call Reports.

Profitability and loan quality

For the year to , Bank Mutual earned a return on equity of -4.70%; return on assets: -0.67%. Net interest margin at Bank Mutual: 3.37%, +0.34 pp in a year. Bank Mutual net income: -$4.2 mn, down 215.8% year on year. The efficiency ratio of Bank Mutual was 116.72%: about 117 cents cost per revenue dollar, against 65 cents at the median peer.

At , noncurrent loans were 1.26% of total loans at Bank Mutual; net charge-offs: 0.01% of average loans. Gross loans and leases at Bank Mutual: $1.9 bn at , against $2.0 bn at .

Bank Mutual: profitability

Percent, annualized
Return on equity, net interest margin and return on assets of Bank Mutual, Q1 2016 to Q1 2018-5.4%-2.1%1.3%4.7%8.0%20172018Net interest margin3.4%Return on assets-0.7%Return on equity-4.7%Return on equity, net interest margin and return on assets of Bank Mutual, Q1 2016 to Q1 2018-5.4%-0.9%3.5%8.0%20172018
  • Return on equity -4.7%
  • Net interest margin 3.4%
  • Return on assets -0.7%
to . FDIC Call Reports.

Peer group of Bank Mutual

The peer group of Bank Mutual is the 6 banks nearest to it by total assets at : 3 larger and 3 smaller. Of the peers, 0 share the charter type of Bank Mutual (federal savings bank) and 0 have head offices in Wisconsin. Against them, Bank Mutual shows CET1 ratio 12.77% against a peer median of 13.50%, return on equity -4.70% against a peer median of 10.39% and uninsured deposit share 12.53% against a peer median of 31.11%.

BankCharterStateTotal assetsCET1 ratioReturn on equityUninsured share
Dacotah BankState member bankSD$2.4 bn12.46%9.33%29.81%
NATIONAL COOPERATIVE BANKNational bankOH$2.4 bn14.33%5.57%60.63%
Wilson Bank and TrustState nonmember bankTN$2.4 bn12.81%11.50%23.32%
Bank MutualFederal savings bankWI$2.4 bn12.77%-4.70%12.53%
First State Community BankState nonmember bankMO$2.4 bn10.11%12.92%23.97%
The Central Trust BankState member bankMO$2.4 bn14.20%10.80%32.79%
Bank of the SierraState nonmember bankCA$2.4 bn14.67%9.98%32.40%

. FDIC Call Reports.

Last eight quarters

Two years at Bank Mutual, to : assets $2.6 bn to $2.4 bn, deposits $1.9 bn to $1.8 bn, equity $260.0 mn to $455.9 mn. Staff 616 to 447; offices 65 to 59.

MetricQ2 2016Q3 2016Q4 2016Q1 2017Q2 2017Q3 2017Q4 2017Q1 2018
Total assets$2.6 bn$2.7 bn$2.6 bn$2.7 bn$2.7 bn$2.7 bn$2.6 bn$2.4 bn
Total deposits$1.9 bn$1.9 bn$1.9 bn$1.9 bn$1.9 bn$2.0 bn$1.9 bn$1.8 bn
Bank equity capital$260.0 mn$261.4 mn$259.0 mn$261.0 mn$264.4 mn$267.6 mn$262.6 mn$455.9 mn
CET1 ratio13.07%12.96%13.15%13.24%13.19%13.73%14.28%12.77%
Return on equity (ROE)6.83%6.89%6.78%5.61%6.21%6.50%5.70%-4.70%
Uninsured share of domestic deposits11.90%12.84%12.86%13.60%12.86%12.83%13.07%12.53%
Full-time equivalent employees616586585583594566554447
Number of offices6565656563595959

FDIC Call Reports.

Mergers and acquisitions

The FDIC history of Bank Mutual, oldest first; figures before and after each event are not like for like.

  1. . Merged into Associated Bank, National Association (FDIC certificate 5296).

Questions and identifiers

What were the total assets of Bank Mutual?

Bank Mutual reported $2.4 bn at in its Call Report.

Is Bank Mutual the same as its holding company?

No. This page covers Bank Mutual, FDIC certificate 30125; ASSOCIATED BANC-CORP (as reported to the FDIC), its holding company, reports separately to the Federal Reserve.

Is Bank Mutual profitable?

Bank Mutual reported net income of -$4.2 mn for the year to ; annualized return on equity: -4.70%. So no: Bank Mutual made a loss over these months.

When is data for Bank Mutual next updated?

Bank Mutual no longer files Call Reports; its data ends at .

Where can I check the figures for Bank Mutual?

In the FDIC BankFind Suite record for certificate 30125, and in the Call Reports of Bank Mutual (RSSD ID 806378) at the FFIEC Central Data Repository.