Mutual Federal Bank
BankRegReports is independent of Mutual Federal Bank and never asks for online banking logins or passwords.
Data as of · sourced from FFIEC call reports. How we update
Mutual Federal Bank is an FDIC-insured savings institution headquartered in Chicago, IL, established in 1905 (FDIC certificate 28302), and it is supervised by the OCC. At Q2 2026 it reported total assets of $96.5M, down 1.0% from Q2 2025, the 264th largest of 319 banks headquartered in Illinois. Its CET1 capital ratio was 24.54% at Q2 2026, comfortably above the 7% level required once the capital conservation buffer is included.
- Charter
- Savings institution
- Regulator
- OCC
- Deposit insurance
- FDIC
- FDIC certificate
- 28302
- Headquarters
- Chicago, IL
- Established
- 1905
- Total assets, Q2 2026
- $96.5M
- Assets vs Q2 2025
- -1.0%
- CET1 ratio, Q2 2026
- 24.54%
- Domestic offices
- 1 FDIC institution directory, current count
- Routing number
- 271071062
- Latest call report
- Q2 2026, FFIEC 051 · Mutual Federal Bank call report
- Holding company
- MUTUAL FEDERAL BANCORP, INC.
- Asset rank in state
- 264th of 319 in Illinois
Mutual Federal Bank pays more for its money than most banks of its size. The Chicago, Illinois bank had $97 million in assets at June 30, 2026, down 1.0% from a year earlier. It pays an average of 2.66% on its deposits and borrowings, higher than about three-quarters of the 583 banks with less than $100 million in assets (median 1.53%). It also holds commercial real estate loans worth 1.0 times its capital, 3.7 times the median of 26% for banks its size.
Problem loans roughly halved over the year: loans on nonaccrual or 90 or more days past due, net of government guarantees are down to 1.09% of loans from 2.37%. Its $14 million multifamily book is now fully current, after 0.54% of it was past due or on nonaccrual a year earlier. Costs are the weak spot: it spends about 83 cents to bring in each dollar of revenue, higher than about three-quarters of banks its size (median 69 cents).
As of June 30, 2026, Mutual Federal Bank reported a CET1 capital ratio of 24.54%, a return on assets of 0.62%, a nonperforming-loan ratio of 1.09% and a Texas ratio of 5.32%. The figures come from its call report filed with the FFIEC.
Mutual Federal Bank ranks as the 264th largest of the 319 banks based in Illinois, by total assets at Q2 2026. Between Q1 2026 and Q2 2026, its total assets fell 1.5% to $96.5M, loans fell 3.0% and deposits rose 1.7%. 1-4 family residential loans made up 78.2% of its total loans on June 30, 2026, its largest category; next came multifamily loans at 16.9%. The FDIC Summary of Deposits lists a single office for it, in Chicago, IL. On its Q2 2026 call report, Mutual Federal Bank meets every capital ratio test for well capitalized.
Headquarters Profile
- Address
- 2212 W Cermak Rd, Chicago, IL 60608
- County
- Cook
- Metro Area
- Chicago-Naperville-Elgin, IL-IN
- Charter
- Federal savings bank, federal charter, OCC-supervised (pre-2011 OTS)
- Primary Regulator
- OCC
- FDIC Region
- Chicago (Region 9)
- Federal Reserve member
- —
- Federal Reserve district
- District 7, Chicago
- Fiduciary (trust) powers
- —
- Call Report form
- FFIEC 051
- Established
- January 1, 1905
- Domestic offices
- 1 FDIC institution directory, current count
- Employees (FTE)
- 13
- Domestic deposits
- $63.5M
- Allowance for credit losses
- $1.3M
- Net charge-offs (YTD)
- $0
- Average total assets
- $97.5M
- Average total loans
- $84.5M
- Average interest-bearing deposits
- $58.9M
- Tax status
- C corporation
- Ownership
- Stock
- Community bank
- Yes
- FDIC-insured since
- August 9, 1989
- FDIC Cert
- 28302
- Fed RSSD
- 235174
- SEC CIK
- 1358177 → filed by MUTUAL FEDERAL BANCORP, MHC
- Website
- www.mutualfederalbank.com →
- Parent Holding Company
- MUTUAL FEDERAL BANCORP, INC. (RSSD 3850130)
- Ultimate Parent
- MUTUAL FEDERAL BANCORP, MHC (RSSD 3849013)
Profitability
Q2 annualizedCapital & Liquidity
Balance Sheet
Income Statement
Operating & Funding
Ratios tagged annualized use the Q2 income alone. The UBPR and FDIC annualize the year to date instead. FDIC BankFind divides by the average of quarter-end total assets, the UBPR by RC-K average assets. The YTD margin is the UBPR's tax-equivalent figure over its own average earning assets; FDIC BankFind's margin is not tax-equivalent. How we compute these figures
Quarterly trends
Mutual Federal Bank's total assets moved between a low of $92.2M (Q3 2024) and a high of $104.0M (Q3 2023) from Q3 2023 to Q2 2026, and it earned a profit in 9 of the 12 quarters. The line under each chart compares Q2 2026 with Q2 2025. How these charts are built
$96.5M total assets against $97.5M; $80.6M total liabilities against $82.1M.
$82.5M net loans and leases against $83.6M; $63.5M total deposits against $63.6M.
$0 securities against $3K; $10.4M cash and balances due against $10.3M.
$1.3M total interest income against $1.3M; $419K total interest expense against $451K.
$884K net interest income against $857K.
$12K total noninterest income against $13K; $744K total noninterest expense against $728K.
$0 provision for credit losses against $0.
$152K net income against $142K.
0.62% return on assets against 0.58%; 3.71% net interest margin against 3.57%.
24.54% CET1 capital ratio against 23.33%; 16.34% tier 1 leverage ratio against 15.61%.
Inside the full Mutual Federal Bank terminal
21 quarters of trends · 8 tabs · peer percentiles · watchlist alerts
Unlock this bank, freeWatch flags
Automated conditions triggered on this bank's latest filing. Advisory only; see the source metric pages for full context. Each flag is tagged Regulatory when it cites an official supervisory threshold, or BRR analysis when it's our own band, informed by our data and models.
Loans outstanding are at or above total deposits. The bank reports little borrowing or brokered funding, so the difference is carried mainly by equity and other liabilities. Worth watching if loan growth continues to outpace deposits. Industry heuristic, not a supervisory threshold.
Mutual Federal Bank rankings
Quarterly trend: last 8 quarters
Across the 8 quarters to Q2 2026, its return on assets ran from -1.57% (Q4 2024) to 0.69% (Q1 2025) and its net interest margin ran from 3.16% (Q4 2024) to 3.71% (Q2 2026).
| Quarter | CET1 | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 24.54% | 0.62% | 1.09% | 5.32% | 3.71% |
| Q1 2026 | 23.88% | 0.59% | 1.28% | 6.49% | 3.62% |
| Q4 2025 | 23.19% | 0.61% | 1.39% | 7.07% | 3.52% |
| Q3 2025 | 23.82% | 0.62% | 1.78% | 8.88% | 3.65% |
| Q2 2025 | 23.33% | 0.58% | 2.37% | 12.10% | 3.57% |
| Q1 2025 | 22.99% | 0.69% | 2.39% | 12.40% | 3.70% |
| Q4 2024 | 23.16% | -1.57% | 2.44% | 12.70% | 3.16% |
| Q3 2024 | 24.15% | -0.32% | 2.10% | 10.05% | 3.19% |
Swipe the table sideways to see every column.
Branch Network
View the branch → Branch count from the FDIC Summary of Deposits, June 30, 2026. The domestic office count above is the FDIC's current figure, so the two can differ.
| Branch | Location | ZIP | Deposits |
|---|---|---|---|
| Mutual Federal Bank (main office) | Chicago , IL | 60608 | $63.5M |
Regulatory record
Facts as filed or published, not a rating.
- Enforcement actions
- 1 against the institution (OCC)
- February 17, 2012, OCC: Formal Agreement: Mutual Federal Bank
- Period: Most recent institution action February 17, 2012. Source: FDIC, Federal Reserve and OCC enforcement releases.
- Deposit market share
- <0.1% of deposits in IL, rank 331 of 379 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- Mortgage lending (HMDA)
- 42 applications, 11 loans originated, $4.3M originated, across 1 states
- Period: Calendar year 2025. Source: FFIEC HMDA loan application register.
- Not on file
- SBA 7(a) lending, Consumer complaints, CFPB enforcement, CRA examination rating. No record from these sources, which is not the same as a clean record. Sources
Add this badge to your website
Free to use. It shows Mutual Federal Bank’s latest filed figures and updates each quarter.
Similar banks
Frequently asked about Mutual Federal Bank
What are Mutual Federal Bank's total assets?
As of the Q2 2026 filing, Mutual Federal Bank reported total assets of $96.5 million in its FFIEC call report.
Where is Mutual Federal Bank headquartered?
It is headquartered in Chicago, IL, United States.
When was Mutual Federal Bank founded?
It was established in 1905, per the FDIC institution directory.
Is Mutual Federal Bank FDIC-insured?
Yes. It is an FDIC-insured savings institution (FDIC Certificate #28302). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category, per FDIC rules.
Who regulates Mutual Federal Bank?
Mutual Federal Bank's primary federal regulator is the OCC.
What is Mutual Federal Bank's CET1 capital ratio?
It reported a Common Equity Tier 1 (CET1) capital ratio of 24.54% in its Q2 2026 call report, comfortably above the 7% level required once the capital conservation buffer is included.
How many branches does Mutual Federal Bank operate?
It operates 1 domestic office, per the FDIC institution directory. That count includes administrative and limited-service offices as well as full-service branches.
What is Mutual Federal Bank's Texas Ratio?
Its Texas Ratio is 5.32% in its Q2 2026 call report, within the healthy range (at or below 50%, the level at which problem assets reach half of the capital cushion). The Texas Ratio measures non-performing assets against the bank's capital and reserves.
Go deeper on Mutual Federal Bank.
Get an email when Mutual Federal Bank files its next call report, and benchmark it against any peer you choose.
Unlock Mutual Federal Bank, freeFree account