Mutual Federal Bank: how it compares with its peers
Against 98 IL banks with half to twice its assets, Mutual Federal Bank's strongest measure in Q2 2026 is assets per employee ($7.4M vs. a $6.1M peer median). Its weakest relative measure is efficiency ratio (83.24% vs. 66.57%).
| Measure | Mutual Federal Bank | Peer median | Rank |
|---|---|---|---|
| Return on assets Annualized net income over average assets. | 0.61% | 1.07% | Bottom third Ahead of 24% of peers |
| Net interest margin Annualized net interest income over earning assets. | 3.78% | 3.74% | Middle third Ahead of 54% of peers |
| Efficiency ratio Noninterest expense per dollar of revenue. Lower is better. | 83.24% | 66.57% | Bottom third Ahead of 13% of peers |
| Assets per employee Total assets over full-time-equivalent staff. | $7.4M | $6.1M | Top third Ahead of 73% of peers |
| Loans to deposits Net loans and leases over total deposits. | 129.80% | 65.15% | Context |
What it means for lending operations
Its efficiency ratio of 83.24% is above the 66.57% 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
- Williamsville State Bank & Trust Williamsville, IL · $94M
- Bank of Calhoun County Hardin, IL · $100M
- The Gerber State Bank Argenta, IL · $101M
- Mason City National Bank Mason City, IL · $91M
- The Old Exchange National Bank of Okawville Okawville, IL · $91M
- The First National Bank of Lacon Lacon, IL · $104M
Questions about Mutual Federal Bank
How big is Mutual Federal Bank?
Mutual Federal Bank, established in 1905, is headquartered in Chicago, IL. It reported $97M in total assets in its Q2 2026 FDIC call report and operates 1 office.
What is Mutual Federal Bank's return on assets?
0.61% annualized in Q2 2026, against a 1.07% median for 98 IL banks with half to twice its assets, ahead of 24% of them.
What is Mutual Federal Bank's efficiency ratio?
83.24% in Q2 2026: it spent about 83 cents in noninterest expense for each dollar of revenue. The peer median is 66.57%, and lower is better.
Is Mutual Federal Bank growing its loans?
Net loans shrank 1.4% over the year to Q2 2026, while deposits shrank 0.1%.
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 IL 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 Illinois bank ranked.