Mutual Federal Bank Mortgage Rates, Fees & Info
Chicago, IL
LEI: 5493007XXF5AWOEWTU94
Tax ID: 36-1776229
4.3 stars
-
out of 5 stars, based on 27 reviews
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Mortgage Data
Bank Data
Overview
Mutual Federal Bank is a
smaller
bank
specializing in
Refi and Home Purchase loans.
Mutual Federal Bank has a high proportion of conventional loans.
They have an average proportion of FHA loans.
Their top markets include Chicago, Nashville, Charleston, Tampa, and Kankakee among others. Mutual Federal Bank has
an above average
approval rate for mortages when compared nationally.
They have
a below average
pick rate when compared to the same sample of other lendors.
Mutual Federal Bank is typically
an average fee
lendor.
Originations
731
Origination Dollar Volume (All Markets)
$177,065,000
Employee count
47
Awards
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Mutual Federal Bank - 2021
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For 2021, less than of lenders were eligible for this award.
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Relative Rate
Mutual Federal Bank's average 30 year fixed rate mortgage of loans were
3.12%.
The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.
This yields a difference of -0.03%.
Relative Fees
Mutual Federal Bank's average total fees for a 30 year fixed rate
mortgage are $5,572.
The average total origination fees for 30 year fixed rate mortgages (for all loan values, including
both points & up-front fees in addition to origination fees) are $4,750.
Top Markets
| Market |
Originations |
Total Value |
Average Loan |
Average Fees |
Average Rate |
|
Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA)
|
623
|
$144,305,000 |
$231,629 |
$4,833 |
3.01% |
|
NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN (FHA|USDA|VA)
|
10
|
$3,390,000 |
$339,000 |
$4,777 |
3.10% |
|
CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA)
|
7
|
$2,365,000 |
$337,857 |
$4,263 |
3.05% |
|
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA)
|
4
|
$1,670,000 |
$417,500 |
$9,269 |
2.63% |
|
KANKAKEE, IL (FHA|USDA|VA)
|
8
|
$1,550,000 |
$193,750 |
$3,858 |
3.17% |
|
Ottawa, IL (FHA|USDA|VA)
|
8
|
$1,410,000 |
$176,250 |
$4,821 |
2.80% |
|
CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA)
|
3
|
$1,285,000 |
$428,333 |
$5,847 |
3.25% |
|
ROCKFORD, IL (FHA|USDA|VA)
|
4
|
$1,210,000 |
$302,500 |
$9,294 |
2.97% |
|
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA)
|
3
|
$1,205,000 |
$401,667 |
$8,570 |
3.71% |
|
Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA)
|
4
|
$1,120,000 |
$280,000 |
$2,604 |
3.00% |
|
NAPLES-MARCO ISLAND, FL (FHA|USDA|VA)
|
4
|
$1,080,000 |
$270,000 |
$5,287 |
3.81% |
|
COLORADO SPRINGS, CO (FHA|USDA|VA)
|
2
|
$970,000 |
$485,000 |
$3,651 |
3.19% |
|
ST. LOUIS, MO-IL (FHA|USDA|VA)
|
3
|
$955,000 |
$318,333 |
$5,719 |
3.00% |
|
NILES, MI (FHA|USDA|VA)
|
1
|
$895,000 |
$895,000 |
$22,151 |
4.00% |
|
DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA)
|
2
|
$760,000 |
$380,000 |
$3,761 |
3.19% |
|
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA)
|
2
|
$760,000 |
$380,000 |
$3,657 |
3.00% |
|
New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA)
|
2
|
$740,000 |
$370,000 |
$9,059 |
3.43% |
|
NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA)
|
2
|
$740,000 |
$370,000 |
$4,352 |
3.13% |
|
Pontiac, IL (FHA|USDA|VA)
|
2
|
$590,000 |
$295,000 |
$2,969 |
2.75% |
|
Plymouth, IN (FHA|USDA|VA)
|
1
|
$585,000 |
$585,000 |
$16,644 |
3.50% |
|
Outside of Metro Areas
|
3 |
$555,000 |
$185,000 |
$3,855 |
2.87% |
|
PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA)
|
1
|
$545,000 |
$545,000 |
$11,024 |
3.50% |
|
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA)
|
1
|
$525,000 |
$525,000 |
$4,661 |
2.75% |
|
Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA)
|
1
|
$485,000 |
$485,000 |
$5,254 |
2.50% |
|
DECATUR, IL (FHA|USDA|VA)
|
2
|
$410,000 |
$205,000 |
$5,030 |
3.00% |
|
WAUSAU-WESTON, WI (FHA|USDA|VA)
|
1
|
$385,000 |
$385,000 |
$3,217 |
3.25% |
|
MEDFORD, OR (FHA|USDA|VA)
|
1
|
$385,000 |
$385,000 |
$5,259 |
2.88% |
|
COLUMBIA, MO (FHA|USDA|VA)
|
1
|
$365,000 |
$365,000 |
$4,195 |
2.99% |
|
Sevierville, TN (FHA|USDA|VA)
|
1
|
$365,000 |
$365,000 |
$0 |
3.50% |
|
Clarksburg, WV (FHA|USDA|VA)
|
2
|
$360,000 |
$180,000 |
$4,014 |
3.00% |
|
SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA)
|
1
|
$355,000 |
$355,000 |
$3,321 |
2.63% |
|
KNOXVILLE, TN (FHA|USDA|VA)
|
1
|
$355,000 |
$355,000 |
$4,117 |
3.13% |
|
Key West, FL (FHA|USDA|VA)
|
1
|
$325,000 |
$325,000 |
$0 |
3.25% |
|
CINCINNATI, OH-KY-IN (FHA|USDA|VA)
|
1
|
$315,000 |
$315,000 |
$11,070 |
3.50% |
|
FOND DU LAC, WI (FHA|USDA|VA)
|
1
|
$285,000 |
$285,000 |
$3,904 |
2.75% |
|
INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA)
|
1
|
$285,000 |
$285,000 |
$10,390 |
2.75% |
|
SPARTANBURG, SC (FHA|USDA|VA)
|
1
|
$265,000 |
$265,000 |
$2,987 |
2.50% |
|
LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA)
|
1
|
$265,000 |
$265,000 |
$3,185 |
2.88% |
|
MADISON, WI (FHA|USDA|VA)
|
1
|
$265,000 |
$265,000 |
$4,308 |
2.75% |
|
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA)
|
1
|
$255,000 |
$255,000 |
$3,820 |
2.75% |
|
GULFPORT-BILOXI, MS (FHA|USDA|VA)
|
1
|
$245,000 |
$245,000 |
$3,947 |
2.88% |
|
GREENVILLE-ANDERSON, SC (FHA|USDA|VA)
|
1
|
$205,000 |
$205,000 |
$3,040 |
2.75% |
|
STOCKTON, CA (FHA|USDA|VA)
|
1
|
$205,000 |
$205,000 |
$2,960 |
3.50% |
|
Rochelle, IL (FHA|USDA|VA)
|
1
|
$195,000 |
$195,000 |
$2,183 |
2.75% |
|
PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA)
|
1
|
$195,000 |
$195,000 |
$8,260 |
3.50% |
|
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA)
|
1
|
$185,000 |
$185,000 |
$3,164 |
3.38% |
|
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA)
|
1
|
$165,000 |
$165,000 |
$2,806 |
2.63% |
|
TOLEDO, OH (FHA|USDA|VA)
|
1
|
$155,000 |
$155,000 |
$3,747 |
2.88% |
|
LANSING-EAST LANSING, MI (FHA|USDA|VA)
|
1
|
$155,000 |
$155,000 |
$3,363 |
2.75% |
|
MEMPHIS, TN-MS-AR (FHA|USDA|VA)
|
1
|
$155,000 |
$155,000 |
$3,774 |
2.25% |
|
TUCSON, AZ (FHA|USDA|VA)
|
1
|
$145,000 |
$145,000 |
$3,885 |
2.88% |
|
FLINT, MI (FHA|USDA|VA)
|
1
|
$125,000 |
$125,000 |
$2,721 |
2.13% |
Mutual Federal Bank's top markets include Chicago, Nashville, Charleston, Tampa, and Kankakee among others.
Product Mix
| Loan Type |
Originations |
Total Value |
Average Loan |
Average Fees |
Average Rate |
| Conventional |
655 |
$158,815,000 |
$242,466 |
$4,357 |
3.04% |
| FHA |
69 |
$16,475,000 |
$238,768 |
$9,237 |
2.80% |
| VA |
7 |
$1,775,000 |
$253,571 |
$6,909 |
3.02% |
For the 2021 period, Mutual Federal Bank's most frequently
originated loan type
of loans were Conventional, with 655 originations.
Their 2nd most popular type is FHA,
with 69 originations.
Loan Reason
| Loan Reason |
Originations |
Total Value |
Average Loan |
Average Fees |
Average Rate |
| Refi |
334 |
$81,100,000 |
$242,814 |
$3,369 |
2.90% |
| Home Purchase |
278 |
$72,490,000 |
$260,755 |
$7,029 |
3.05% |
| Cash Out Refi |
119 |
$23,475,000 |
$197,269 |
$3,718 |
3.26% |
For the 2021, Mutual Federal Bank's most frequently cited loan
purpose
of loans were Refi, with 334
originations.
The 2nd most popular reason of loans were Home Purchase,
with 278 originations.
Loan Duration/Length
| Loan Length |
Originations |
Total Value |
Average Loan |
Average Fees |
Average Rate |
| 30 Year |
568 |
$140,410,000 |
$247,201 |
$5,572 |
3.12% |
| 15 Year |
85 |
$17,925,000 |
$210,882 |
$2,849 |
2.48% |
| 20 Year |
41 |
$10,905,000 |
$265,976 |
$3,212 |
2.86% |
| 10 Year |
19 |
$2,685,000 |
$141,316 |
$2,446 |
2.27% |
| Other |
13 |
$3,135,000 |
$241,154 |
$2,351 |
2.78% |
| 5 Year |
5 |
$2,005,000 |
$401,000 |
$0 |
4.55% |
For the 2021, Mutual Federal Bank's most frequently cited loan
length
of loans were 30 Year, with 568 originations.
The 2nd most popular length of loans were 15 Year,
with 85 originations.
Origination Fees
| Origination Fee |
Originations |
Total Value |
Average Loan |
| $1k-2k |
525 |
$123,995,000 |
$236,181 |
| $5k+ |
52 |
$22,420,000 |
$431,154 |
| $3k-4k |
27 |
$6,275,000 |
$232,407 |
| $2k-3k |
22 |
$5,820,000 |
$264,545 |
| $<1k |
3 |
$405,000 |
$135,000 |
$5,572 of loans were Mutual Federal Bank's
average total fees, while their most
frequently occuring range of origination fees were in the
$1k-2k bucket,
with 525 originations.
Interest Rates
| Loan Rate |
Originations |
Total Value |
Average Loan |
| 3-4% |
292 |
$73,230,000 |
$250,788 |
| 2.5-3% |
283 |
$68,805,000 |
$243,127 |
| <2.5% |
143 |
$31,935,000 |
$223,322 |
| 4-5% |
12 |
$3,080,000 |
$256,667 |
| 5-6% |
1 |
$15,000 |
$15,000 |
During 2021, Mutual Federal Bank's average interest
rate of loans were 3.12%, while their
most frequently originated rate bucket of loans were 3-4%,
with 292 originations.
Loan Sizing
| Loan Size |
Originations |
Total Value |
Average Loan |
Average Fees |
Average Rate |
| $200k-400k |
308 |
$84,020,000 |
$272,792 |
$4,988 |
2.96% |
| $100k-200k |
298 |
$45,570,000 |
$152,919 |
$3,933 |
2.98% |
| $400k-600k |
70 |
$32,890,000 |
$469,857 |
$6,828 |
3.07% |
| $100,000 or less |
41 |
$3,225,000 |
$78,659 |
$2,921 |
3.47% |
| $600k-1MM |
13 |
$10,215,000 |
$785,769 |
$16,692 |
3.42% |
| $1MM+ |
1 |
$1,145,000 |
$1,145,000 |
$30,980 |
3.75% |
2021 saw Mutual Federal Bank place emphasis on
$200k-400k loans
with 308 originations, totaling
$84,020,000 in origination value.
Applicant Income
| Applicant Income |
Originations |
Total Value |
Average Loan |
Average Fees |
Average Rate |
| $100k-150k |
194 |
$50,300,000 |
$259,278 |
$4,866 |
3.01% |
| $50k-75k |
162 |
$32,290,000 |
$199,321 |
$4,875 |
2.96% |
| $75k-100k |
123 |
$27,625,000 |
$224,593 |
$4,607 |
2.93% |
| $150k-250k |
107 |
$32,675,000 |
$305,374 |
$4,586 |
2.99% |
| $50k or less |
87 |
$12,755,000 |
$146,609 |
$4,784 |
3.07% |
| $250k+ |
52 |
$19,160,000 |
$368,462 |
$8,129 |
3.25% |
Mutual Federal Bank lent most frequently to those with incomes in the
$100k-150k range, with
194 originations.
The second most popular income band? $50k-75k,
with 162 originations.
Applicant Debt to Income Ratio
| DTI Ratio |
Originations |
Total Value |
Average Loan |
Average Fees |
Average Rate |
| 20-30% |
157 |
$33,655,000 |
$214,363 |
$3,724 |
2.98% |
| 30-36% |
135 |
$32,385,000 |
$239,889 |
$4,300 |
2.99% |
| <20% |
45 |
$10,465,000 |
$232,556 |
$4,460 |
2.78% |
| 44% |
39 |
$11,815,000 |
$302,949 |
$6,574 |
3.10% |
| 49% |
33 |
$7,815,000 |
$236,818 |
$5,844 |
3.06% |
| 46% |
31 |
$7,515,000 |
$242,419 |
$5,233 |
2.98% |
| 39% |
28 |
$6,130,000 |
$218,929 |
$4,267 |
2.94% |
| 37% |
28 |
$6,160,000 |
$220,000 |
$3,954 |
2.94% |
| 41% |
28 |
$6,620,000 |
$236,429 |
$5,245 |
2.96% |
| 47% |
27 |
$6,635,000 |
$245,741 |
$5,491 |
3.05% |
| 45% |
26 |
$6,210,000 |
$238,846 |
$5,050 |
3.15% |
| 38% |
24 |
$5,470,000 |
$227,917 |
$4,420 |
3.15% |
| 43% |
23 |
$5,365,000 |
$233,261 |
$5,821 |
3.31% |
| 42% |
21 |
$5,825,000 |
$277,381 |
$5,366 |
3.12% |
| 40% |
21 |
$5,225,000 |
$248,810 |
$5,416 |
3.27% |
| 50-60% |
20 |
$4,870,000 |
$243,500 |
$8,887 |
2.79% |
| 48% |
18 |
$5,200,000 |
$288,889 |
$5,520 |
2.86% |
| 36% |
17 |
$5,215,000 |
$306,765 |
$6,306 |
2.91% |
| >60% |
5 |
$2,485,000 |
$497,000 |
$15,081 |
3.40% |
Mutual Federal Bank lent most frequently to those with DTI ratios
of 20-30%, with
157 originations.
The next most common DTI ratio? 30-36%,
with 135 originations.
Ethnicity Mix
| Applicant Ethnicity |
Originations |
Total Value |
Average Loan |
Average Fees |
Average Rate |
| White |
649 |
$153,665,000 |
$236,772 |
$4,654 |
3.00% |
| Not provided |
37 |
$9,845,000 |
$266,081 |
$6,566 |
2.98% |
| Black |
20 |
$4,950,000 |
$247,500 |
$7,916 |
3.18% |
| Asian |
15 |
$4,755,000 |
$317,000 |
$6,655 |
3.12% |
| Not applicable |
4 |
$1,990,000 |
$497,500 |
$0 |
4.19% |
| American Indian |
6 |
$1,860,000 |
$310,000 |
$8,862 |
3.25% |
Approval Rates
Total approvals of all applications
94.18%
Mutual Federal Bank has an average approval rate.
Pick Rate
Approvals leading to origination
68.28%
Mutual Federal Bank has a low pick rate. They may have issues
with closing loans or may approve everyone, but with onerous loan terms.
Points and Fees
| Points |
Originations |
Total Value |
Average Loan |
| 0.0 |
1 |
$255,000 |
$255,000 |
| NA |
730 |
$176,810,000 |
$242,205 |
Occupancy Type Mix
| Dwelling Type |
Originations |
Total Value |
Average Loan |
|
731 |
$177,065,000 |
$242,223 |
LTV Distribution
| Loan to Value |
Originations |
Total Value |
Average Loan |
Average Fees |
Average Rate |
| 20-40% |
16 |
$2,400,000 |
$150,000 |
$3,894 |
2.72% |
| 40-60% |
93 |
$19,445,000 |
$209,086 |
$3,118 |
2.76% |
| 60-80% |
342 |
$82,620,000 |
$241,579 |
$4,044 |
3.09% |
| 80-100% |
273 |
$72,175,000 |
$264,377 |
$6,439 |
3.02% |
| Under 20% |
7 |
$425,000 |
$60,714 |
$2,802 |
3.77% |
Complaints
| Bank Name |
Product |
Issue |
2021 CPFB Complaints |
% of Total Issues |
| MUTUAL OF OMAHA MORTGAGE, LLC |
Conventional home mortgage |
Applying for a mortgage or refinancing an existing mortgage |
5 |
26.3% |
| MUTUAL OF OMAHA MORTGAGE, LLC |
Conventional home mortgage |
Closing on a mortgage |
2 |
10.5% |
| MUTUAL OF OMAHA MORTGAGE, LLC |
Conventional home mortgage |
Trouble during payment process |
5 |
26.3% |
| MUTUAL OF OMAHA MORTGAGE, LLC |
FHA mortgage |
Applying for a mortgage or refinancing an existing mortgage |
3 |
15.8% |
| MUTUAL OF OMAHA MORTGAGE, LLC |
FHA mortgage |
Closing on a mortgage |
1 |
5.3% |
| MUTUAL OF OMAHA MORTGAGE, LLC |
FHA mortgage |
Trouble during payment process |
1 |
5.3% |
| MUTUAL OF OMAHA MORTGAGE, LLC |
Other type of mortgage |
Trouble during payment process |
1 |
5.3% |
| MUTUAL OF OMAHA MORTGAGE, LLC |
Reverse mortgage |
Applying for a mortgage or refinancing an existing mortgage |
1 |
5.3% |
Bank Details
Branches
| Bank Name |
Branch |
Branch Type |
Deposits (000's) |
| Mutual Federal Bank |
2212 West Cermak Road Chicago, IL 60608 |
Full Service B&M
|
$73,554 |
For 2021, Mutual Federal Bank had 1 branches.
Yearly Performance Overview
Bank Income
Mutual Federal Bank's gross interest income from loans was $3,236,000.
Mutual Federal Bank's net interest income from loans was $2,925,000.
Mutual Federal Bank's fee based income from loans was $7,000.
Mutual Federal Bank's net income from loans was $466,000.
Bank Expenses
| Item |
Value (in 000's) |
| Total interest expense |
$311 |
| Provision for credit losses |
$0 |
| Total noninterest expense |
$8,127 |
| Salaries and employee benefits |
$5,528 |
| Premises and equipment expense |
$430 |
| Additional noninterest expense |
$2,169 |
| Applicable income taxes |
$0 |
| Net charge-offs |
$-29 |
| Cash dividends |
$0 |
Mutual Federal Bank's interest expense for loans was $311,000.
Mutual Federal Bank's payroll and benefits expense were $5,528,000.
Mutual Federal Bank's property, plant and equipment expenses $430,000.
Deposits
| Type |
Value (in 000's) |
| Total deposits |
$71,002 |
| Deposits held in domestic offices |
$71,002 |
| Deposits by Individuals, partnerships, and corporations |
$67,025 |
| Deposits by U.S. Government |
$0 |
| Deposits by States and political subdivisions in the U.S. |
$0 |
| Deposits by Commercial banks and other depository institutions in U.S. |
$3,977 |
| Deposits by Banks in foreign countries |
$0 |
| Deposits by Foreign governments and official institutions |
$0 |
| Transaction accounts |
$4,100 |
| Demand deposits |
$4,100 |
| Nontransaction accounts |
$66,902 |
| Money market deposit accounts (MMDAs) |
$6,493 |
| Other savings deposits (excluding MMDAs) |
$31,290 |
| Total time deposits |
$29,120 |
| Total time and savings deposits |
$66,902 |
| Noninterest-bearing deposits |
$5,194 |
| Interest-bearing deposits |
$65,808 |
| Retail deposits |
$68,951 |
| IRAs and Keogh plan accounts |
$5,034 |
| Brokered deposits |
$0 |
| Deposits held in foreign offices |
$0 |
Assets
| Asset |
Value (in 000's) |
| Total Assets |
$92,759 |
| Cash & Balances due from depository institutions |
$22,973 |
| Interest-bearing balances |
$21,220 |
| Total securities |
$99 |
| Federal funds sold & reverse repurchase |
$0 |
| Net loans and leases |
$65,257 |
| Loan and leases loss allowance |
$950 |
| Trading account assets |
$0 |
| Bank premises and fixed assets |
$1,678 |
| Other real estate owned |
$882 |
| Goodwill and other intangibles |
$0 |
| All other assets |
$1,870 |
Liabilities
| Liabilities |
Value (in 000's) |
| Total liabilities and capital |
$92,759 |
| Total Liabilities |
$77,049 |
| Total deposits |
$71,002 |
| Interest-bearing deposits |
$65,808 |
| Deposits held in domestic offices |
$71,002 |
| % insured (estimated) |
$94 |
| Federal funds purchased and repurchase agreements |
$0 |
| Trading liabilities |
$0 |
| Other borrowed funds |
$5,000 |
| Subordinated debt |
$0 |
| All other liabilities |
$1,047 |
Issued Loan Types
| Type |
Value (in 000's) |
| Net loans and leases |
$65,257 |
| Loan and leases loss allowance |
$950 |
| Total loans and leases (domestic) |
$66,207 |
| All real estate loans |
$66,205 |
| Real estate loans in domestic offices |
$66,205 |
| Construction and development loans |
$2,741 |
| Residential 1-4 family construction |
$2,275 |
| Other construction, all land development and other land |
$466 |
| Loans secured by nonfarm nonresidential properties |
$3,358 |
| Nonfarm nonresidential secured by owner-occupied properties |
$1,153 |
| Commercial real estate & other non-farm, non-residential |
$2,205 |
| Multifamily residential real estate |
$7,856 |
| 1-4 family residential loans |
$52,250 |
| Farmland loans |
$0 |
| Loans held in foreign offices |
$0 |
| Farm loans |
$0 |
| Commercial and industrial loans |
$0 |
| To non-U.S. addressees |
$0 |
| Loans to individuals |
$0 |
| Credit card loans |
$0 |
| Related Plans |
$0 |
| Consumer Auto Loans |
$0 |
| Other loans to individuals |
$0 |
| All other loans & leases |
$1 |
| Loans to foreign governments and official institutions |
$0 |
| Other loans |
$1 |
| Loans to depository institutions and acceptances of other banks |
$0 |
| Loans not secured by real estate |
$0 |
| Loans secured by real estate to non-U.S. addressees |
$0 |
| Restructured Loans & leases |
$92 |
| Non 1-4 family restructured loans & leases |
$0 |
| Total loans and leases (foreign) |
$0 |
Mutual Federal Bank had $65,257,000 of loans outstanding in 2021. $66,205,000 of loans were in real estate loans.
$2,741,000 of loans were in development loans. $7,856,000 of loans were in multifamily mortgage loans.
$52,250,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $0
of loans were in credit card loans. $0 of loans were in the auto loan category.
Small Business Loans
| Categorization |
# of Loans in Category |
$ amount of loans (in 000's) |
Average $/loan |
| Nonfarm, nonresidential loans - <$1MM |
9 |
$2,361 |
$262,333 |
| Nonfarm, nonresidential loans - $100-250k |
1 |
$95 |
$95,000 |
| Nonfarm, nonresidential loans - $250k-1MM |
8 |
$2,266 |
$283,250 |
