Mutualbank Mortgage Rates, Fees & Info

Muncie, IN

LEI: 549300V3ZIDKPJ5RPX64

Tax ID: 35-0536850

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Similar Lenders
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Bank Data

  • Branches
  • Income
  • Loan Types
  • Deposit Mix
  • Loan Performance
  • Assets
  • Business Loans

    • Review & Overview

    Mutualbank is a smaller bank specializing in Home Purchase and Refi loans. Mutualbank has a high proportion of conventional loans. Their top markets by origination volume include: South Bend, Muncie, Warsaw, Indianapolis, and Marion among others. We have data for 48 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Mutualbank has an average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Mutualbank is typically a low fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have about average rates.

    We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.

    Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

    Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.


    Originations

    1,678

    Origination Dollar Volume (All Markets)

    $180,210,000

    Employee count

    513 Show all (11) awards

    Top Markets

    Zoom/scroll map to see bank's per metro statistics. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results. This map shows top 10 markets in the map viewport, as defined by descending origination volume.

    Market Originations Total Value Average Loan Average Fees Average Rate
    SOUTH BEND-MISHAWAKA, IN-MI (FHA|USDA|VA) 330 $36,100,000 $109,394 $2,069 5.06%
    MUNCIE, IN (FHA|USDA|VA) 344 $30,070,000 $87,413 $1,720 5.01%
    Warsaw, IN (FHA|USDA|VA) 187 $20,275,000 $108,422 $1,800 4.92%
    INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 101 $18,545,000 $183,614 $2,182 4.97%
    Outside of Metro Areas 187 $14,395,000 $76,979 $1,698 4.97%
    Marion, IN (FHA|USDA|VA) 152 $10,760,000 $70,789 $1,568 5.01%
    BLOOMINGTON, IN (FHA|USDA|VA) 77 $9,225,000 $119,805 $1,947 5.04%
    FORT WAYNE, IN (FHA|USDA|VA) 64 $8,900,000 $139,063 $2,902 5.43%
    ELKHART-GOSHEN, IN (FHA|USDA|VA) 66 $8,090,000 $122,576 $2,354 5.00%
    Seymour, IN (FHA|USDA|VA) 30 $3,710,000 $123,667 $2,502 5.13%
    NILES, MI (FHA|USDA|VA) 20 $3,500,000 $175,000 $2,823 4.86%
    CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 4 $1,590,000 $397,500 $4,146 4.78%
    Angola, IN (FHA|USDA|VA) 5 $1,255,000 $251,000 $4,790 4.88%
    EVANSVILLE, IN-KY (FHA|USDA|VA) 2 $1,190,000 $595,000 $0 5.88%
    Wabash, IN (FHA|USDA|VA) 12 $980,000 $81,667 $1,523 5.30%
    MICHIGAN CITY-LA PORTE, IN (FHA|USDA|VA) 6 $930,000 $155,000 $3,332 4.73%
    North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 1 $815,000 $815,000 $13,586 3.63%
    Plymouth, IN (FHA|USDA|VA) 9 $785,000 $87,222 $2,158 5.74%
    Washington, IN (FHA|USDA|VA) 5 $725,000 $145,000 $1,458 5.10%
    TERRE HAUTE, IN (FHA|USDA|VA) 12 $720,000 $60,000 $1,865 5.24%
    PUNTA GORDA, FL (FHA|USDA|VA) 3 $675,000 $225,000 $3,285 4.79%
    DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 1 $665,000 $665,000 $2,552 4.13%
    Bedford, IN (FHA|USDA|VA) 9 $615,000 $68,333 $1,859 5.12%
    North Vernon, IN (FHA|USDA|VA) 6 $560,000 $93,333 $1,605 4.95%
    New Castle, IN (FHA|USDA|VA) 5 $485,000 $97,000 $2,400 4.95%
    DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 2 $470,000 $235,000 $3,348 4.37%
    MORRISTOWN, TN (FHA|USDA|VA) 1 $455,000 $455,000 $3,175 4.50%
    Kendallville, IN (FHA|USDA|VA) 2 $400,000 $200,000 $4,496 5.91%
    Auburn, IN (FHA|USDA|VA) 6 $390,000 $65,000 $1,254 6.23%
    LANSING-EAST LANSING, MI (FHA|USDA|VA) 1 $365,000 $365,000 $2,686 4.74%
    Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 2 $340,000 $170,000 $2,951 4.81%
    Bluffton, IN (FHA|USDA|VA) 3 $335,000 $111,667 $3,381 4.54%
    KOKOMO, IN (FHA|USDA|VA) 3 $305,000 $101,667 $2,111 5.58%
    Detroit-Warren-Dearborn, MI (FHA|USDA|VA) 1 $195,000 $195,000 $2,285 4.63%
    Frankfort, IN (FHA|USDA|VA) 1 $195,000 $195,000 $0 5.73%
    CINCINNATI, OH-KY-IN (FHA|USDA|VA) 2 $170,000 $85,000 $1,695 4.81%
    KALAMAZOO-PORTAGE, MI (FHA|USDA|VA) 1 $165,000 $165,000 $1,684 4.63%
    Traverse City, MI (FHA|USDA|VA) 1 $155,000 $155,000 $2,082 4.75%
    Peru, IN (FHA|USDA|VA) 4 $140,000 $35,000 $666 5.47%
    PORT ST. LUCIE, FL (FHA|USDA|VA) 1 $105,000 $105,000 $3,164 4.00%
    BOWLING GREEN, KY (FHA|USDA|VA) 1 $105,000 $105,000 $2,286 5.50%
    Vincennes, IN (FHA|USDA|VA) 2 $90,000 $45,000 $1,374 4.31%
    MUSKEGON, MI (FHA|USDA|VA) 1 $75,000 $75,000 $0 4.75%
    Huntington, IN (FHA|USDA|VA) 1 $65,000 $65,000 $0 4.25%
    COLUMBUS, OH (FHA|USDA|VA) 1 $45,000 $45,000 $0 4.75%
    Richmond, IN (FHA|USDA|VA) 1 $35,000 $35,000 $1,895 4.25%
    COLUMBUS, IN (FHA|USDA|VA) 1 $35,000 $35,000 $0 4.75%
    Decatur, IN (FHA|USDA|VA) 1 $15,000 $15,000 $0 5.50%
    Mutualbank's top markets include South Bend, Muncie, Warsaw, Indianapolis, and Marion among others.

    Their top states include:
  • Indiana (FHA|USDA|VA)
  • Michigan (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Colorado (FHA|USDA|VA)
  • Tennessee (FHA|USDA|VA)

    • Similar Lenders

    We use machine learning to identify the top lenders compared against MutualBank based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    Fire Police City County Federal Credit Union
    Similarity Rank: 48
    The Garrett State Bank
    Similarity Rank: 48
    Greenfield Banking Company
    Similarity Rank: 255
    Hendricks County Bank and Trust Company
    Similarity Rank: 393
    INDIANA UNIVERSITY CREDIT UNION
    Similarity Rank: 495
    INTERRA CREDIT UNION
    Similarity Rank: 544
    First State Bank of Middlebury
    Similarity Rank: 549
    MORTGAGE MASTERS OF INDIANA, INC.
    Similarity Rank: 589
    Third Federal Savings and Loan Association of Cleveland
    Similarity Rank: 614
    ProFed Federal Credit Union
    Similarity Rank: 627

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 1,190 $150,040,000 $126,084 $1,974 4.94%
    HELOC 488 $30,170,000 $61,824 n/a 5.26%

    For 2018, Mutualbank's most frequently originated type of loan was Conventional, with 1,190 originations. Their 2nd most popular type was HELOC, with 488 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 536 $92,460,000 $172,500 $2,361 4.83%
    Refi 380 $38,910,000 $102,395 $1,800 4.91%
    Other 347 $18,675,000 $53,818 $56 5.40%
    Home Improvement 233 $11,105,000 $47,661 $1,618 5.21%
    Cash Out Refi 181 $19,015,000 $105,055 $2,067 4.93%
    NA 1 $45,000 $45,000 $0 4.75%

    For 2018, Mutualbank's most frequently cited loan purpose was Home Purchase, with 536 originations. The 2nd most popular reason was Refi, with 380 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    20 Year 490 $36,930,000 $75,367 $1,888 5.06%
    15 Year 427 $33,925,000 $79,450 $1,421 4.94%
    30 Year 392 $65,390,000 $166,811 $2,026 4.77%
    10 Year 115 $7,645,000 $66,478 $726 5.19%
    5 Year 100 $4,000,000 $40,000 $445 5.92%
    Other 73 $12,755,000 $174,726 $3,186 5.12%
    30+ year 64 $17,860,000 $279,063 $4,020 4.78%
    1 Year 14 $1,570,000 $112,143 $0 6.46%
    3 Year 3 $135,000 $45,000 $0 5.63%

    For 2018, Mutualbank's most frequently cited loan duration was 20 Year, with 490 originations. The 2nd most popular length was 15 Year, with 427 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 997 $108,615,000 $108,942
    $1k-2k 73 $17,735,000 $242,945
    $2k-3k 8 $2,550,000 $318,750
    $3k-4k 4 $1,530,000 $382,500
    $5k+ 1 $815,000 $815,000

    Mutualbank's average total fees were $2,026, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 997 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 1,037 $121,875,000 $117,527
    5-6% 301 $33,335,000 $110,748
    6-7% 208 $9,060,000 $43,558
    3-4% 92 $13,880,000 $150,870
    7-8% 34 $1,790,000 $52,647
    Over 8% 5 $245,000 $49,000

    During 2018, Mutualbank's average interest rate for loans was 4.77%, while their most frequently originated rate bucket for loans was 4-5%, with 1,037 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 1,079 $49,975,000 $46,316 $1,374 5.18%
    $100k-200k 361 $49,805,000 $137,964 $2,040 4.80%
    $200k-400k 186 $48,820,000 $262,473 $2,667 4.68%
    $400k-600k 36 $16,890,000 $469,167 $3,629 4.85%
    $600k-1MM 12 $8,680,000 $723,333 $4,418 4.63%
    $1MM+ 4 $6,040,000 $1,510,000 $2,931 4.93%

    2018 saw Mutualbank place emphasis on $100,000 or less loans with 1,079 originations, totaling $49,975,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 421 $23,395,000 $55,570 $1,573 4.89%
    $50k-75k 375 $29,315,000 $78,173 $1,824 5.05%
    $100k-150k 274 $35,150,000 $128,285 $2,253 5.10%
    $75k-100k 274 $26,920,000 $98,248 $1,953 5.02%
    $150k-250k 158 $27,870,000 $176,392 $2,588 4.93%
    $250k+ 76 $20,810,000 $273,816 $2,688 4.97%

    Mutualbank lent most frequently to those with incomes in the $50k or less range, with 421 originations. The second most popular income band? $50k-75k, with 375 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 440 $45,360,000 $103,091 $2,032 4.96%
    <20% 378 $29,100,000 $76,984 $1,578 4.77%
    30-36% 261 $29,905,000 $114,579 $2,115 5.07%
    39% 52 $6,310,000 $121,346 $1,979 5.13%
    38% 50 $6,430,000 $128,600 $2,029 5.22%
    41% 43 $5,515,000 $128,256 $2,423 5.08%
    36% 43 $4,715,000 $109,651 $2,161 4.91%
    37% 41 $4,995,000 $121,829 $1,885 4.98%
    40% 36 $4,560,000 $126,667 $1,908 5.01%
    42% 34 $4,650,000 $136,765 $2,146 4.85%
    50-60% 31 $3,095,000 $99,839 $2,143 5.13%
    43% 24 $2,440,000 $101,667 $1,934 5.09%
    47% 19 $1,565,000 $82,368 $1,871 5.12%
    45% 18 $2,620,000 $145,556 $1,915 4.88%
    >60% 18 $2,010,000 $111,667 $2,175 5.41%
    44% 17 $2,215,000 $130,294 $1,859 5.32%
    46% 14 $1,920,000 $137,143 $2,050 4.76%
    48% 10 $1,090,000 $109,000 $2,593 4.96%
    49% 3 $275,000 $91,667 $2,137 4.83%

    Mutualbank lent most frequently to those with DTI ratios of 20-30%, with 440 originations. The next most common DTI ratio? <20%, with 378 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 1,418 $144,970,000 $102,236 $1,974 5.00%
    Not applicable 75 $14,475,000 $193,000 $0 5.77%
    Not provided 131 $14,205,000 $108,435 $2,030 4.91%
    Black 30 $3,180,000 $106,000 $2,062 4.98%
    Asian 18 $2,130,000 $118,333 $1,633 5.16%
    American Indian 3 $985,000 $328,333 $2,619 5.50%
    Other Asian 1 $145,000 $145,000 $1,930 4.50%
    Vietnamese 1 $65,000 $65,000 $0 5.00%
    Native Hawaiian or Islander 1 $55,000 $55,000 $1,815 5.13%

    Approval Rates

    Total approvals of all applications
    82.02%

    Mutualbank has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    83.85%

    Mutualbank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 1,678 $180,210,000 $107,396

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 15 $6,875,000 $458,333
    Single Family (1-4 Units):Manufactured 48 $2,630,000 $54,792
    Single Family (1-4 Units):Site-Built 1,615 $170,705,000 $105,700

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 325 $20,835,000 $64,108 $1,057 5.30%
    40-60% 219 $22,565,000 $103,037 $1,676 4.74%
    60-80% 445 $65,985,000 $148,281 $2,279 4.80%
    80-100% 351 $57,985,000 $165,199 $2,172 4.81%
    Over 100% 6 $2,370,000 $395,000 $3,225 5.88%
    Under 20% 314 $9,440,000 $30,064 $223 5.50%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    MutualBank 100 W Third Street Marion, IN 46952 Full Service B&M $76,849
    MutualBank 101 Broadway Street Oaktown, IN 47561 Full Service B&M $7,969
    MutualBank 1010 East Main Street Gas City, IN 46933 Full Service B&M $22,192
    MutualBank 1020 North Baldwin Avenue Marion, IN 46952 Full Service B&M $18,278
    MutualBank 110 East Charles St Muncie, IN 47305 Full Service B&M $292,202
    MutualBank 11054 E Street Road 445 Bloomfield, IN 47424 Full Service B&M $26,085
    MutualBank 121 South Church Street Mishawaka, IN 46544 Full Service B&M $68,864
    MutualBank 1301 North Walnut Street Bloomington, IN 47401 Full Service B&M $7,158
    MutualBank 1307 North Cass Street Wabash, IN 46992 Full Service B&M $8,291
    MutualBank 1309 Main Street Mitchell, IN 47446 Full Service B&M $29,793
    MutualBank 1450 N.E. 'a' Street Linton, IN 47441 Full Service B&M $41,770
    MutualBank 147 West Broad Street Lyons, IN 47443 Full Service B&M $11,784
    MutualBank 2000 South Madison Street Muncie, IN 47302 Full Service B&M $35,648
    MutualBank 2034 E Center St Warsaw, IN 46580 Full Service B&M $33,222
    MutualBank 2101 South Tiger Drive Yorktown, IN 47396 Full Service B&M $44,679
    MutualBank 2111 Liberty Drive Bloomington, IN 47403 Full Service B&M $24,457
    MutualBank 219 West Market Street Warsaw, IN 46580 Full Service B&M $77,516
    MutualBank 23761 Western Ave South Bend, IN 46619 Full Service B&M $17,557
    MutualBank 25990 County Road #6 Elkhart, IN 46514 Full Service B&M $25,671
    MutualBank 2850 West Cleveland Road South Bend, IN 46628 Full Service B&M $11,693
    MutualBank 2910 West Jackson Street Muncie, IN 47304 Full Service B&M $42,326
    MutualBank 315 East Main Street Jasonville, IN 47438 Full Service B&M $21,607
    MutualBank 316 West Tipton Street Seymour, IN 47274 Full Service B&M $5,790
    MutualBank 3333 North Broadway Muncie, IN 47303 Full Service B&M $34,881
    MutualBank 401 West State Street Albany, IN 47320 Full Service B&M $46,629
    MutualBank 402 West Cleveland Road Mishawaka, IN 46545 Full Service B&M $39,013
    MutualBank 4100 Edison Lakes Pkwy, Ste 100 Mishawaka, IN 46545 Full Service B&M $76,114
    MutualBank 411 West Mckinley Mishawaka, IN 46545 Full Service B&M $20,769
    MutualBank 4330 Elkhart Road Goshen, IN 46526 Full Service B&M $13,884
    MutualBank 445 West 250 North Warsaw, IN 46580 Full Service B&M $15,915
    MutualBank 48 North Washington Street Bloomfield, IN 47424 Full Service B&M $107,772
    MutualBank 4916 Illinois Street Fort Wayne, IN 46804 Full Service B&M $7,548
    MutualBank 514 North Main Street North Webster, IN 46555 Full Service B&M $31,094
    MutualBank 612 South Huntington Street Syracuse, IN 46567 Full Service B&M $11,273
    MutualBank 650 E. Carmel Drive Carmel, IN 46032 Full Service B&M $11,530
    MutualBank 742 East Ireland Road South Bend, IN 46614 Full Service B&M $16,838
    MutualBank 870 East Washington Street Winchester, IN 47394 Full Service B&M $55,571
    MutualBank 893 East Main Street, Suite F Greenwood, IN 46143 Full Service B&M $9,995
    MutualBank Mcgalliard Road & Oakwood Muncie, IN 47304 Full Service B&M $72,886

    For 2018, Mutualbank had 39 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $79,585
    Net interest income $63,860
    Total noninterest income $18,797
    Gross Fiduciary activities income $3,935
    Service charges on deposit accounts $3,254
    Trading account gains and fees $0
    Additional Noninterest Income $11,608
    Pre-tax net operating income $21,669
    Securities gains (or losses, -) $804
    Income before extraordinary items $19,117
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $19,117
    Minority interest net income $0
    Net income $19,117
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $18,433

    Mutualbank's gross interest income from loans was $79,585,000.
    Mutualbank's net interest income from loans was $63,860,000.
    Mutualbank's fee based income from loans was $3,254,000.
    Mutualbank's net income from loans was $19,117,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $15,725
    Provision for credit losses $2,120
    Total noninterest expense $58,868
    Salaries and employee benefits $32,339
    Premises and equipment expense $6,222
    Additional noninterest expense $20,307
    Applicable income taxes $3,356
    Net charge-offs $1,226
    Cash dividends $5,000

    Mutualbank's interest expense for loans was $15,725,000.
    Mutualbank's payroll and benefits expense were $32,339,000.
    Mutualbank's property, plant and equipment expenses $6,222,000.

    Loan Performance

    Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
    All loans 0.0%
    Real Estate loans 0.0%
    Construction & Land Development loans 0.0%
    Nonfarm, nonresidential loans 0.0%
    Multifamily residential loans 0.0%
    1-4 family residential loans 0.0%
    HELOC loans 0.0%
    All other family 0.0%
    Commercial & industrial loans 0.0%
    Personal loans 0.0%
    Credit card loans 1.2%
    Other individual loans 0.0%
    Auto loans 0.0%
    Other consumer loans 0.0%
    Unsecured commercial real estate loans 0.0%

    Deposits

    Type Value (in 000's)
    Total deposits $1,523,131
    Deposits held in domestic offices $1,523,131
    Deposits by Individuals, partnerships, and corporations $1,275,260
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $234,685
    Deposits by Commercial banks and other depository institutions in U.S. $13,186
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $127,243
    Demand deposits $95,351
    Nontransaction accounts $1,395,888
    Money market deposit accounts (MMDAs) $184,795
    Other savings deposits (excluding MMDAs) $723,567
    Total time deposits $487,527
    Total time and savings deposits $1,427,780
    Noninterest-bearing deposits $263,814
    Interest-bearing deposits $1,259,317
    Retail deposits $1,331,869
    IRAs and Keogh plan accounts $83,151
    Brokered deposits $120,505
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $2,044,013
    Cash & Balances due from depository institutions $33,299
    Interest-bearing balances $7,784
    Total securities $370,860
    Federal funds sold & reverse repurchase $0
    Net loans and leases $1,486,453
    Loan and leases loss allowance $13,281
    Trading account assets $599
    Bank premises and fixed assets $25,641
    Other real estate owned $1,688
    Goodwill and other intangibles $28,551
    All other assets $96,922

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $2,044,013
    Total Liabilities $1,831,568
    Total deposits $1,523,131
    Interest-bearing deposits $1,259,317
    Deposits held in domestic offices $1,523,131
    % insured (estimated) $85
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $599
    Other borrowed funds $292,497
    Subordinated debt $0
    All other liabilities $15,341

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $1,486,453
    Loan and leases loss allowance $13,281
    Total loans and leases (domestic) $1,499,734
    All real estate loans $1,073,777
    Real estate loans in domestic offices $1,073,777
    Construction and development loans $63,745
    Residential 1-4 family construction $15,087
    Other construction, all land development and other land $48,658
    Loans secured by nonfarm nonresidential properties $366,968
    Nonfarm nonresidential secured by owner-occupied properties $167,437
    Commercial real estate & other non-farm, non-residential $199,531
    Multifamily residential real estate $30,296
    1-4 family residential loans $592,020
    Farmland loans $20,748
    Loans held in foreign offices $0
    Farm loans $4,340
    Commercial and industrial loans $113,074
    To non-U.S. addressees $0
    Loans to individuals $274,816
    Credit card loans $1,476
    Related Plans $525
    Consumer Auto Loans $43,909
    Other loans to individuals $228,906
    All other loans & leases $33,727
    Loans to foreign governments and official institutions $0
    Other loans $12,628
    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 $1,552
    Non 1-4 family restructured loans & leases $292
    Total loans and leases (foreign) $0

    MutualBank had $1,486,453,000 of loans outstanding in 2018. $1,073,777,000 of loans were in real estate loans. $63,745,000 of loans were in development loans. $30,296,000 of loans were in multifamily mortgage loans. $592,020,000 of loans were in 1-4 family mortgage loans. $4,340,000 of loans were in farm loans. $1,476,000 of loans were in credit card loans. $43,909,000 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 665 $122,676 $184,475
    Nonfarm, nonresidential loans - <$100k 214 $7,903 $36,930
    Nonfarm, nonresidential loans - $100-250k 223 $26,435 $118,543
    Nonfarm, nonresidential loans - $250k-1MM 228 $88,338 $387,447
    Commercial & Industrial, US addressed loans - <$1MM 836 $58,658 $70,165
    Commercial & Industrial, US addressed loans - <$100k 566 $13,460 $23,781
    Commercial & Industrial, US addressed loans - $100-250k 133 $11,999 $90,218
    Commercial & Industrial, US addressed loans - $250k-1MM 137 $33,199 $242,328
    Farmland loans - <$1MM 92 $10,216 $111,043
    Farmland loans - <$100k 47 $1,948 $41,447
    Farmland loans - $100-250k 30 $3,897 $129,900
    Farmland loans - $250k-1MM 15 $4,371 $291,400
    Agriculture operations loans - <$1MM 54 $1,849 $34,241
    Agriculture operations loans - <$100k 47 $631 $13,426
    Agriculture operations loans - $100-250k 6 $737 $122,833
    Agriculture operations loans - $250k-1MM 1 $481 $481,000