Headquartered in Chicago, Illinois, Mutual Federal Bank is a savings bank with $96.5M in total assets and $63.5M in deposits as of Q2 2026. It operates 1 office. Its charter dates back to 1905.
Mutual Federal Bank has a TellerScore of 71 out of 100 (strong) based on Q2 2026 data — higher than only 42% of its 546 banks with under $100 million in assets. Among 326 banks headquartered in Illinois, it ranks 157th. Capital cushion contributes the most (100/100, 16.34%); earnings contributes the least (44/100, 0.61%).
TellerScore · Q2 2026
Scorecard
The TellerScore is our own summary of the figures this institution reports publicly; it is not issued or endorsed by any government agency. It is not a prediction, and deposits within insurance limits are protected either way.
9 quarters
Health trend
From Q2 2025 to Q2 2026, the score rose 11 points (60 → 71), mostly because the loan quality component improved by 43 points.
Show as table
| Quarter | TellerScore |
|---|---|
| Q2 2024 | 71 |
| Q3 2024 | 58 |
| Q4 2024 | 52 |
| Q1 2025 | 60 |
| Q2 2025 | 60 |
| Q3 2025 | 65 |
| Q4 2025 | 69 |
| Q1 2026 | 69 |
| Q2 2026 | 71 |
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| Quarter | Tier 1 leverage ratio |
|---|---|
| Q2 2024 | 15.95% |
| Q3 2024 | 16.60% |
| Q4 2024 | 16.46% |
| Q1 2025 | 15.59% |
| Q2 2025 | 15.61% |
| Q3 2025 | 16.19% |
| Q4 2025 | 16.37% |
| Q1 2026 | 16.35% |
| Q2 2026 | 16.34% |
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| Quarter | Noncurrent loans |
|---|---|
| Q2 2024 | 0.99% |
| Q3 2024 | 2.10% |
| Q4 2024 | 2.44% |
| Q1 2025 | 2.39% |
| Q2 2025 | 2.37% |
| Q3 2025 | 1.78% |
| Q4 2025 | 1.39% |
| Q1 2026 | 1.28% |
| Q2 2026 | 1.09% |
Show as table
| Quarter | Return on assets |
|---|---|
| Q2 2024 | 0.42% |
| Q3 2024 | 0.18% |
| Q4 2024 | -0.24% |
| Q1 2025 | 0.70% |
| Q2 2025 | 0.64% |
| Q3 2025 | 0.63% |
| Q4 2025 | 0.63% |
| Q1 2026 | 0.59% |
| Q2 2026 | 0.61% |
| Quarter | Score | Assets | Capital | Problem loans | ROA | Loans/deposits |
|---|---|---|---|---|---|---|
| Q2 2026 | 71 | $96.5M | 16.34% | 1.09% | 0.61% | 129.8% |
| Q1 2026 | 69 | $98.0M | 16.35% | 1.28% | 0.59% | 136.2% |
| Q4 2025 | 69 | $97.3M | 16.37% | 1.39% | 0.63% | 134.7% |
| Q3 2025 | 65 | $94.6M | 16.19% | 1.78% | 0.63% | 131.9% |
| Q2 2025 | 60 | $97.5M | 15.61% | 2.37% | 0.64% | 131.5% |
| Q1 2025 | 60 | $97.0M | 15.59% | 2.39% | 0.70% | 133.7% |
| Q4 2024 | 52 | $97.1M | 16.46% | 2.44% | -0.24% | 132.2% |
| Q3 2024 | 58 | $92.2M | 16.60% | 2.10% | 0.18% | 122.7% |
| Q2 2024 | 71 | $94.5M | 15.95% | 0.99% | 0.42% | 118.1% |
546 peers · Under $100 million in assets
How it compares with peers
Percentile against banks of similar size nationwide (100th = best among peers; for ratios where lower is better, the scale is flipped).
Similar-size banks in Illinois
| Institution | Score | Assets | Capital | Problem loans | Compare |
|---|---|---|---|---|---|
| Williamsville State Bank & TrustBank Williamsville, IL | 73 out of 100, Strong | $93.8M | 14.5% | 1.04% | vs |
| Bank of Calhoun CountyBank Hardin, IL | 74 out of 100, Strong | $99.5M | 9.7% | 0.23% | vs |
| Mason City National BankBank Mason City, IL | 96 out of 100, Very strong | $91.4M | 15.3% | 0.04% | vs |
| The Old Exchange National Bank of OkawvilleBank Okawville, IL | 80 out of 100, Strong | $91.3M | 11.1% | 0.19% | vs |
| Bank of Yates CityBank Yates City, IL | 42 out of 100, Below average | $89.1M | 9.7% | 4.27% | vs |
| Bank of StronghurstBank Stronghurst, IL | 70 out of 100, Strong | $87.6M | 14.2% | 1.69% | vs |
Deposit insurance
Is my money safe at Mutual Federal Bank?
Yes. Mutual Federal Bank is an FDIC-insured institution (FDIC certificate #28302). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category.
An estimated 6.4% of deposits ($4.1M) are above the $250,000 FDIC insurance limit, below the peer median of 16%. Insured balances are protected regardless of the score.
The tier 1 leverage ratio is 16.34%, well above the 5% level regulators use as the "well capitalized" benchmark for this measure. Its total risk-based capital ratio is 25.80% (benchmark: 10%).
1 location
Branches
Mutual Federal Bank lists 1 office in 1 city. Most locations:
- Chicago, IL (1)
HMDA 2025
Mortgage lending
In 2025, Mutual Federal Bank reported 11 home-loan applications under HMDA (LEI 5493007XXF5AWOEWTU94): 11 originated ($4,305,000 total), 0 denied, and 0 withdrawn or closed by the applicant. Its denial rate on decided applications was 0.0%, compared with 22.2% for all lenders nationwide.
Denial rates depend heavily on loan type and applicant mix and are not a measure of fairness or of your own odds.
Identity & history
Profile
- Legal name
- Mutual Federal Bank
- Former names
- Mutual Federal Savings and Loan Association of Chicago
- Type
- Savings bank
- FDIC certificate #
- 28302
- RSSD ID
- 235174
- Primary regulator
- OCC
- Holding company
- Mutual Federal Bcorp Mhc
- Established
- January 1, 1905
- Headquarters
- 2212 W Cermak Rd, Chicago, IL 60608
- Website
- www.mutualfederalbank.com
- Employees
- 13
Quick answers
Mutual Federal Bank: common questions
Is Mutual Federal Bank FDIC insured?
Yes. Mutual Federal Bank is an FDIC-insured institution (FDIC certificate #28302). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category.
What is Mutual Federal Bank's TellerScore?
71 out of 100 (Strong), based on its Q2 2026 publicly reported figures. The TellerScore is our own summary and is not issued by any government agency.
Has Mutual Federal Bank ever failed?
There is no failure record for FDIC certificate #28302 in the FDIC failed bank list.
How many branches does Mutual Federal Bank have?
1 office as of the latest FDIC data.
Nearby
Highest-scoring banks and credit unions with branches near Chicago
| Institution | Score | Assets | Capital | Problem loans | Compare |
|---|---|---|---|---|---|
| Pilgrim Baptist Credit UnionCredit union Chicago, IL | 100 out of 100, Very strong | $263K | 25.8% | 0.00% | vs |
| M.W.P.H. Grand Lodge of Illinois Federal Credit UnionCredit union Chicago, IL | 100 out of 100, Very strong | $418K | 18.5% | — | vs |
| Israel Methcomm Federal Credit UnionCredit union Chicago, IL | 100 out of 100, Very strong | $2.0M | 15.5% | 0.00% | vs |
| Evergreen Park Schools Federal Credit UnionCredit union Evergreen Park, IL | 100 out of 100, Very strong | $10.0M | 19.4% | 0.00% | vs |
| Western Springs Federal Credit UnionCredit union Western Springs, IL | 95 out of 100, Very strong | $3.9M | 18.2% | 0.46% | vs |
| St. Martin De Porres Parish Federal Credit UnionCredit union Chicago, IL | 93 out of 100, Very strong | $383K | 15.0% | 0.00% | vs |