Mutualone Bank
BankRegReports is independent of Mutualone Bank and never asks for online banking logins or passwords.
Data as of · sourced from FFIEC call reports. How we update
Mutualone Bank is an FDIC-insured savings bank headquartered in Framingham, MA, established in 1889 (FDIC certificate 26395), and it is supervised by the FDIC. At Q2 2026 it reported total assets of $1.22B, little changed from Q2 2025, the 41st largest of 89 banks headquartered in Massachusetts. It reports no CET1 ratio; its Tier 1 leverage ratio was 21.09% at Q2 2026, above the 9% community bank leverage ratio requirement for being considered well capitalized.
- Charter
- Savings bank
- Regulator
- FDIC
- Deposit insurance
- FDIC
- FDIC certificate
- 26395
- Headquarters
- Framingham, MA
- Established
- 1889
- Total assets, Q2 2026
- $1.22B
- Assets vs Q2 2025
- 0.0%
- Tier 1 leverage ratio, Q2 2026
- 21.09%
- Domestic offices
- 3 FDIC institution directory, current count
- Routing number
- 211371816
- Latest call report
- Q2 2026, FFIEC 051 · Mutualone Bank call report
- Asset rank in state
- 41st of 89 in Massachusetts
Mutualone Bank pays more for its money than most banks of its size. Based in Framingham, Massachusetts, it had $1.2 billion in assets at June 30, 2026. It pays an average of 2.92% on its deposits and borrowings, higher than about 9 in 10 of the 895 banks with $1 billion to $10 billion in assets (median 2.01%). On the other hand, it funds 21.09% of its assets with Tier 1 capital, about double the median of 10.52% for banks its size.
Problem loans eased: loans on nonaccrual or 90 or more days past due, net of government guarantees, were 5.92% of loans, down from 9.67% a year earlier. Loans and deposits moved in opposite directions: over the year loans fell 17.3% and deposits rose 8.3%. Credit is the area to watch: it carries problem assets equal to 18.6% of the capital and reserves that would absorb them, 5.2 times the median of 3.6% for banks its size.
As of June 30, 2026, Mutualone Bank reported a return on assets of 1.50%, a nonperforming-loan ratio of 5.92% and a Texas ratio of 18.57%. The figures come from its call report filed with the FFIEC.
Of the 89 banks headquartered in Massachusetts, Mutualone Bank is the 41st largest by total assets at Q2 2026. Between Q1 2026 and Q2 2026, its total assets fell 3.1% to $1.22B, loans fell 3.8% and deposits fell 4.5%. Its loan book on June 30, 2026 was led by 1-4 family residential loans, at 16.9% of total loans, followed by loans to nondepository financial institutions at 15.3%. The FDIC Summary of Deposits lists 3 offices for it, in Framingham, MA and Natick, MA; its Framingham 2 offices book 80% of its branch deposits. On its Q2 2026 call report, Mutualone Bank meets the community bank leverage ratio test for well capitalized.
Headquarters Profile
- Address
- 828 Concord St, Framingham, MA 01701
- County
- Middlesex
- Metro Area
- Boston-Cambridge-Newton, MA-NH
- Charter
- State-chartered stock savings bank, FDIC-supervised
- Primary Regulator
- FDIC
- FDIC Region
- New York (Region 2)
- Federal Reserve member
- —
- Federal Reserve district
- District 1, Boston
- Fiduciary (trust) powers
- —
- Call Report form
- FFIEC 051
- Established
- January 1, 1889
- Domestic offices
- 3 FDIC institution directory, current count
- Employees (FTE)
- 99
- Domestic deposits
- $924.5M
- Allowance for credit losses
- $26.4M
- Net charge-offs (YTD)
- $11.2M
- Average total assets
- $1.24B
- Average total loans
- $921.8M
- Average interest-bearing deposits
- $833.2M
- Tax status
- C corporation
- Ownership
- Mutual
- Community bank
- Yes
- FDIC-insured since
- October 11, 1985
- FDIC Cert
- 26395
- Fed RSSD
- 154770
- Website
- www.mutualone.com →
Profitability
Q2 annualizedBalance 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. As a community bank leverage ratio filer, Mutualone Bank reports no risk-based capital ratios; its Tier 1 leverage ratio applies. How we compute these figures
Quarterly trends
Over the 12 quarters to Q2 2026, Mutualone Bank's total assets ran between $1.22B (Q3 2025) and $1.29B (Q1 2024), and it earned a profit in 10 of the 12 quarters. The line under each chart compares Q2 2026 with Q2 2025. How these charts are built
$1.22B total assets against $1.22B; $960.6M total liabilities against $973.4M.
$863.4M net loans and leases against $1.03B; $924.5M total deposits against $853.8M.
$98.6M securities against $93.0M; $205.8M cash and balances due against $37.7M.
$16.9M total interest income against $18.0M; $7.0M total interest expense against $7.5M.
$9.9M net interest income against $10.5M.
$281K total noninterest income against $265K; $6.7M total noninterest expense against $6.5M.
$14K provision for credit losses against $18.6M.
$4.7M net income against -$9.9M.
1.50% return on assets against -3.18%; 3.22% net interest margin against 3.42%.
21.09% tier 1 leverage ratio against 20.04%.
Inside the full Mutualone 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.
Nonperforming loans (nonaccrual loans plus loans 90 or more days past due) exceed 3% of total loans. BankRegReports band at 3% of total loans.
Mutualone Bank rankings
Its closest position to the top of a national ranking is 206 of 3,640, for Texas Ratio; its furthest is 2,385 of 3,606, for efficiency ratio.
Metric pages for Mutualone Bank: Texas Ratio.
Quarterly trend: last 8 quarters
Across the 8 quarters to Q2 2026, its return on assets ran from -3.18% (Q2 2025) to 1.55% (Q3 2024) and its net interest margin ran from 3.17% (Q1 2026) to 3.93% (Q3 2024).
| Quarter | Leverage | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 21.09% | 1.50% | 5.92% | 18.57% | 3.22% |
| Q1 2026 | 20.58% | 0.27% | 6.47% | 21.49% | 3.17% |
| Q4 2025 | 20.80% | 1.15% | 8.35% | 28.38% | 3.23% |
| Q3 2025 | 21.01% | 1.09% | 8.43% | 30.79% | 3.47% |
| Q2 2025 | 20.04% | -3.18% | 9.67% | 36.10% | 3.42% |
| Q1 2025 | 20.66% | -0.27% | 4.37% | 17.17% | 3.35% |
| Q4 2024 | 20.69% | 0.14% | 0.96% | 3.85% | 3.62% |
| Q3 2024 | 20.49% | 1.55% | 0.23% | 0.87% | 3.93% |
Swipe the table sideways to see every column.
Branch Network
View all 3 branches → 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 |
|---|---|---|---|
| Mutualone Bank (main office) | Framingham , MA | 01701 | $677.4M |
| Natick Federal Savings Bank Branch | Natick , MA | 01760 | $181.1M |
| Lincoln Street Branch | Framingham , MA | 01702 | $66.0M |
Events & Regulatory History
Mergers, charter changes, enforcement actions, FDIC assistance, and (if applicable) failure events recorded against this institution. Click a year to see what else was happening across US banking that year.
| Date | Category | Event | Source |
|---|---|---|---|
| July 1, 2012 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| July 1, 2012 | Structure Change | Acquired Natick Federal Savings Bank Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
Sourced from the bank event history (FDIC, Federal Reserve NIC, OCC, and OTS). Showing the most recent 2 events.
Regulatory record
Facts as filed or published, not a rating.
- Deposit market share
- 0.1% of deposits in MA, rank 51 of 112 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- Mortgage lending (HMDA)
- 49 applications, 37 loans originated, $73.1M originated, across 3 states
- Period: Calendar year 2025. Source: FFIEC HMDA loan application register.
- SBA 7(a) lending
- 2 loans, $154K approved, $77K average. 0.00% of that year's loans have since been charged off
- Period: Federal fiscal year 2016 (October to September). Source: SBA 7(a) and 504 loan data (FOIA).
- Not on file
- Enforcement actions, 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 Mutualone Bank’s latest filed figures and updates each quarter.
Similar banks
Frequently asked about Mutualone Bank
What are Mutualone Bank's total assets?
As of the Q2 2026 filing, Mutualone Bank reported total assets of $1.22 billion in its FFIEC call report.
Where is Mutualone Bank headquartered?
It is headquartered in Framingham, MA, United States.
When was Mutualone Bank founded?
It was established in 1889, per the FDIC institution directory.
Is Mutualone Bank FDIC-insured?
Yes. It is an FDIC-insured savings bank (FDIC Certificate #26395). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category, per FDIC rules.
Who regulates Mutualone Bank?
Mutualone Bank's primary federal regulator is the FDIC.
How many branches does Mutualone Bank operate?
It operates 3 domestic offices, per the FDIC institution directory. That count includes administrative and limited-service offices as well as full-service branches.
What is Mutualone Bank's Texas Ratio?
Its Texas Ratio is 18.57% 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 Mutualone Bank.
Get an email when Mutualone Bank files its next call report, and benchmark it against any peer you choose.
Unlock Mutualone Bank, freeFree account