Mutual Savings Bank: how it compares with its peers
Against 42 IN banks with half to twice its assets, Mutual Savings Bank's strongest measure in Q2 2026 is assets per employee ($7.7M vs. a $5.8M peer median). Its weakest relative measure is net interest margin (3.21% vs. 3.67%).
| Measure | Mutual Savings Bank | Peer median | Rank |
|---|---|---|---|
| Return on assets Annualized net income over average assets. | 0.88% | 1.09% | Bottom third Ahead of 29% of peers |
| Net interest margin Annualized net interest income over earning assets. | 3.21% | 3.67% | Bottom third Ahead of 19% of peers |
| Efficiency ratio Noninterest expense per dollar of revenue. Lower is better. | 71.36% | 65.40% | Bottom third Ahead of 31% of peers |
| Assets per employee Total assets over full-time-equivalent staff. | $7.7M | $5.8M | Top third Ahead of 76% of peers |
| Loans to deposits Net loans and leases over total deposits. | 77.63% | 82.17% | Context |
What it means for lending operations
Its efficiency ratio of 71.36% is above the 65.40% peer median: it spends more to earn each dollar of revenue than most banks its size. Staff time on manual borrower verification (collecting pay stubs, bank statements, and employment letters, then re-keying them) is one of the larger controllable costs behind that number.
Banks closest in size
- The Campbell & Fetter Bank Kendallville, IN · $355M
- Hoosier Heartland State Bank Crawfordsville, IN · $356M
- Bath State Bank Bath, IN · $338M
- The Peoples Bank Brownstown, IN · $324M
- American Community Bank of Indiana Saint John, IN · $383M
- The Riddell National Bank Brazil, IN · $384M
Questions about Mutual Savings Bank
How big is Mutual Savings Bank?
Mutual Savings Bank, established in 1890, is headquartered in Franklin, IN. It reported $353M in total assets in its Q2 2026 FDIC call report and operates 4 offices.
What is Mutual Savings Bank's return on assets?
0.88% annualized in Q2 2026, against a 1.09% median for 42 IN banks with half to twice its assets, ahead of 29% of them.
What is Mutual Savings Bank's efficiency ratio?
71.36% in Q2 2026: it spent about 71 cents in noninterest expense for each dollar of revenue. The peer median is 65.40%, and lower is better.
Is Mutual Savings Bank growing its loans?
Net loans grew 5.3% over the year to Q2 2026, while deposits grew 16.4%.
Sources and method
Figures are from the FDIC’s public call report data for the quarter ending 06/30/2026, via FDIC BankFind. Return on assets and net interest margin are annualized year to date. Peers are IN banks with half to twice its assets in the same quarter, excluding this bank. The page refreshes daily, so new quarters appear as banks file. Compare another bank or see every Indiana bank ranked.