Think Mutual Bank
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Data as of · sourced from FFIEC call reports. How we update
Think Mutual Bank is an FDIC-insured savings institution headquartered in Rochester, MN, established in 2007 (FDIC certificate 58536), and it is supervised by the OCC. At Q2 2026 it reported total assets of $2.23B, up 5.2% from Q2 2025, the 8th largest of 221 banks headquartered in Minnesota. It reports no CET1 ratio; its Tier 1 leverage ratio was 16.25% at Q2 2026, above the 9% community bank leverage ratio requirement for being considered well capitalized.
- Charter
- Savings institution
- Regulator
- OCC
- Deposit insurance
- FDIC
- FDIC certificate
- 58536
- Headquarters
- Rochester, MN
- Established
- 2007
- Total assets, Q2 2026
- $2.23B
- Assets vs Q2 2025
- +5.2%
- Tier 1 leverage ratio, Q2 2026
- 16.25%
- Domestic offices
- 9 FDIC institution directory, current count
- Routing number
- 291975465
- Asset rank in state
- 8th of 221 in Minnesota
Think Mutual Bank, based in Rochester, Minnesota, reported $2.2 billion in assets at June 30, 2026, up 5.2% from a year earlier. It pays an average of 1.18% on its deposits and borrowings, lower than about 9 in 10 of the 895 banks with $1 billion to $10 billion in assets (median 2.01%). It also funds 16.25% of its assets with Tier 1 capital, higher than about 9 in 10 banks its size (median 10.52%).
Its reported earnings move with the stock market: it holds equity securities whose value runs through net income, and they gained $3.1 million on paper in the quarter, out of $5.4 million of pre-tax income. Return on assets swings accordingly, so it is not compared with peers here. Loans and deposits moved in opposite directions: over the year loans fell 1.5% and deposits rose 4.7%. Its margin is thin by comparison: it keeps 2.90 cents of net interest income on every dollar of earning assets, lower than about three-quarters of banks its size (median 3.71 cents).
As of June 30, 2026, Think Mutual Bank reported a return on assets of 0.71%, a nonperforming-loan ratio of 0.25% and a Texas ratio of 0.88%. The figures come from its call report filed with the FFIEC.
Think Mutual Bank ranks as the 8th largest of the 221 banks based in Minnesota, by total assets at Q2 2026. Quarter on quarter (Q1 2026 to Q2 2026), its total assets fell 1.9% to $2.23B, loans rose 1.5% and deposits fell 2.5%. The largest part of its loan book on June 30, 2026 was 1-4 family residential loans, at 79.3% of total loans, ahead of auto loans at 9.4%. The FDIC Summary of Deposits lists 9 offices for it, in 4 cities in MN; its Rochester 6 offices book 86% of its branch deposits. On its Q2 2026 call report, Think Mutual Bank meets the community bank leverage ratio test for well capitalized.
Headquarters Profile
- Address
- 5200 Members Pkwy Nw, Rochester, MN 55901
- County
- Olmsted
- Metro Area
- Rochester, MN
- Charter
- Federal savings bank, federal charter, OCC-supervised (pre-2011 OTS)
- Primary Regulator
- OCC
- FDIC Region
- Kansas City (Region 11)
- Federal Reserve member
- —
- Federal Reserve district
- District 9, Minneapolis
- Fiduciary (trust) powers
- —
- Call Report form
- FFIEC 051
- Established
- July 1, 2007
- Domestic offices
- 9 FDIC institution directory, current count
- Employees (FTE)
- 265
- Domestic deposits
- $1.86B
- Allowance for credit losses
- $6.6M
- Net charge-offs (YTD)
- $285K
- Average total assets
- $2.28B
- Average total loans
- $1.20B
- Average interest-bearing deposits
- $1.86B
- Tax status
- C corporation
- Ownership
- Stock
- Community bank
- Yes
- FDIC-insured since
- July 1, 2007
- FDIC Cert
- 58536
- Fed RSSD
- 936583
- Website
- www.thinkbank.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, Think Mutual Bank reports no risk-based capital ratios; its Tier 1 leverage ratio applies. How we compute these figures
Quarterly trends
Think Mutual Bank's total assets moved between a low of $2.01B (Q3 2023) and a high of $2.27B (Q1 2026) from Q3 2023 to Q2 2026, and it earned a profit in 11 of the 12 quarters. The line under each chart compares Q2 2026 with Q2 2025. How these charts are built
$2.23B total assets against $2.12B; $1.89B total liabilities against $1.79B.
$1.21B net loans and leases against $1.22B; $1.86B total deposits against $1.77B.
$646.5M securities against $505.2M; $260.6M cash and balances due against $285.2M.
$21.5M total interest income against $19.6M; $6.0M total interest expense against $5.8M.
$15.5M net interest income against $13.8M.
$6.1M total noninterest income against $5.6M; $15.8M total noninterest expense against $15.0M.
$521K provision for credit losses against $231K.
$4.0M net income against $3.2M.
0.71% return on assets against 0.58%; 2.90% net interest margin against 2.73%.
16.25% tier 1 leverage ratio against 16.49%.
Inside the full Think Mutual Bank terminal
21 quarters of trends · 8 tabs · peer percentiles · watchlist alerts
Unlock this bank, freeThink Mutual Bank rankings
Its closest position to the top of a national ranking is 553 of 4,196, for total assets; its furthest is 959 of 980, for uninsured deposits.
Quarterly trend: last 8 quarters
From Q3 2024 to Q2 2026, its return on assets ran from -0.20% (Q3 2024) to 0.71% (Q2 2026) and its net interest margin ran from 2.52% (Q3 2024) to 2.90% (Q2 2026).
| Quarter | Leverage | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 16.25% | 0.71% | 0.25% | 0.88% | 2.90% |
| Q1 2026 | 16.37% | 0.54% | 0.22% | 0.76% | 2.76% |
| Q4 2025 | 16.68% | 0.65% | 0.21% | 0.73% | 2.73% |
| Q3 2025 | 16.57% | 0.65% | 0.21% | 0.76% | 2.78% |
| Q2 2025 | 16.49% | 0.58% | 0.20% | 0.74% | 2.73% |
| Q1 2025 | 16.55% | 0.51% | 0.11% | 0.40% | 2.67% |
| Q4 2024 | 16.75% | 0.58% | 0.08% | 0.30% | 2.60% |
| Q3 2024 | 16.60% | -0.20% | 0.10% | 0.37% | 2.52% |
Swipe the table sideways to see every column.
Branch Network
View all 9 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 |
|---|---|---|---|
| Think Mutual Bank (main office) | Rochester , MN | 55901 | $657.3M |
| Rochester Branch | Rochester , MN | 55901 | $306.6M |
| East River Branch | Rochester , MN | 55906 | $240.2M |
| Green Meadows Branch | Rochester , MN | 55902 | $228.0M |
| Edina Branch | Edina , MN | 55435 | $129.2M |
| Shoppes on Maine Branch | Rochester , MN | 55904 | $127.6M |
| Eagan Branch | Eagan , MN | 55122 | $74.8M |
| Apple Valley Branch | Apple Valley , MN | 55124 | $61.6M |
| Rochester Downtown Branch | Rochester , MN | 55902 | $33.5M |
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, 2007 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| December 31, 2005 | Structure Change | Acquired Minnesota Mutual Companies Credit Union 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
- 0.6% of deposits in MN, rank 18 of 277 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- Mortgage lending (HMDA)
- 1,115 applications, 824 loans originated, $194.0M originated, across 11 states
- Period: Calendar year 2025. Source: FFIEC HMDA loan application register.
- SBA 7(a) lending
- 2 loans, $350K approved, $175K average. 0.00% of that year's loans have since been charged off
- Period: Federal fiscal year 2024 (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
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Frequently asked about Think Mutual Bank
What are Think Mutual Bank's total assets?
As of the Q2 2026 filing, Think Mutual Bank reported total assets of $2.23 billion in its FFIEC call report.
Where is Think Mutual Bank headquartered?
It is headquartered in Rochester, MN, United States.
When was Think Mutual Bank founded?
It was established in 2007, per the FDIC institution directory.
Is Think Mutual Bank FDIC-insured?
Yes. It is an FDIC-insured savings institution (FDIC Certificate #58536). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category, per FDIC rules.
Who regulates Think Mutual Bank?
Think Mutual Bank's primary federal regulator is the OCC.
How many branches does Think Mutual Bank operate?
It operates 9 domestic offices, per the FDIC institution directory. That count includes administrative and limited-service offices as well as full-service branches.
What is Think Mutual Bank's Texas Ratio?
Its Texas Ratio is 0.88% 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.
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