# MUTUALBANK
MUNCIE, IN · FDIC certificate 27744 · asset band $1-10B · latest filing 2019-12 · stopped filing (departed)

**Verdict on the desk:** this could be *funding-stretched*. Composite score 1 (one point per flag, capital below 5% counted twice; 7 or more is where departures cluster).

## What the filing shows (filed dollars, derived ratios; band percentiles in parentheses)

| Measure | Value | Band median |
|---|---|---|
| Total assets | $2.06B | |
| Deposits | $1.56B | |
| Loans and leases | $1.50B | |
| Total equity | $236.7M | |
| Loans / deposits | 95.71% (p70 of band) | 89.69% |
| Liquid assets / assets | 20.31% (p52 of band) | |
| Uninsured deposits / deposits | 14.51% (p17 of band) | 28.16% |
| Brokered deposits | 5.82% | |
| Wholesale funding | 17.89% (p88 of band) | |
| FHLB advances / assets | 11.94% | |
| Tier 1 leverage | 9.94% (p38 of band) | 10.32% |
| Unrealized securities loss / equity | 4.51% (p95 of band) | 0.58% |
| AOCI / equity | 4.55% (p90 of band) | |
| ROA (annualized) | 1.19% (p48 of band) | 1.20% |
| Net interest margin | 3.45% (p38 of band) | 3.62% |
| Efficiency ratio | 67.38% (p70 of band) | |
| Noncurrent loans | 0.48% (p50 of band) | 0.48% |
| Net charge-offs (annualized) | 0.09% (p71 of band) | |
| Reserve coverage of noncurrent | 184.92% | |
| Real estate % of loans | 70% | |
| Construction % of loans | 30.51% (p34 of band) | |
| Auto loans | $58.6M (3.90% of loans; DQ 1.29%, NCO 0.01%) | |
| Loans to nondepository financials | $0 (0% of equity) (p38 of band) | |
| Deposits YoY | 2.2% | |
| Employees | 479 | |

## Flags firing in the latest filing

- **wholesale funding >15%** (`liq_wholesale`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2011-03 | 2 | losing money, reserve under noncurrent |  |
| 2011-06 | 1 |  | losing money |
| 2011-09 | 1 |  |  |
| 2011-12 | 1 |  |  |
| 2012-03 | 1 |  |  |
| 2012-06 | 1 |  |  |
| 2012-09 | 1 |  |  |
| 2012-12 | 1 |  |  |
| 2013-03 | 1 |  |  |
| 2013-06 | 1 |  |  |
| 2013-09 | 0 |  | reserve under noncurrent |
| 2013-12 | 1 | deposits shrinking |  |
| 2014-03 | 1 |  |  |
| 2014-06 | 2 | wholesale funding >15% |  |
| 2014-09 | 0 |  | deposits shrinking, wholesale funding >15% |
| 2014-12 | 1 | wholesale funding >15% |  |
| 2015-03 | 1 |  |  |
| 2015-06 | 1 |  |  |
| 2015-09 | 1 |  |  |
| 2015-12 | 1 |  |  |
| 2016-03 | 1 |  |  |
| 2016-06 | 2 | loans exceed deposits |  |
| 2016-09 | 3 | capital falling |  |
| 2016-12 | 3 |  |  |
| 2017-03 | 1 |  | loans exceed deposits, capital falling |
| 2017-06 | 2 | loans exceed deposits |  |
| 2017-09 | 1 |  | loans exceed deposits |
| 2017-12 | 1 |  |  |
| 2018-03 | 1 |  |  |
| 2018-06 | 1 |  |  |
| 2018-09 | 1 |  |  |
| 2018-12 | 2 | uninsured deposits leaving |  |
| 2019-03 | 1 |  | uninsured deposits leaving |
| 2019-06 | 1 |  |  |
| 2019-09 | 1 |  |  |
| 2019-12 | 1 |  |  |

## In the news (Google News, unfiltered, newest first; check the city)

- 2020-10-10 [Northwest Bank to close 11 Indiana locations, including a branch in Muncie - The Star Press](https://news.google.com/rss/articles/CBMiuAFBVV95cUxQci1VbGo2TDFiNGZ3ODNkYm5zeldsTGs5aGhWS1J6WW1wTVZKNmJvTWJhRWtCMnZ3WWp1X0lObTdRa29yVmhnXzdxc0M5bnlLaWU2RWI5R0IwNHd4MjlwX0NQVE9JN2xGZi1Ycy0xR2VOOU9zX0xKVkhpQVJiVUEwblAyVW9KcEtWQWtUZXRfbVVYamVCM2tRenI3Z0ZTdk9TNDgtbzFuWEozM0ZRUVZ1N296QTF2d3Vn?oc=5) · The Star Press
- 2019-10-30 [Northwest Bank’s Merger With MutualBank - Muncie Journal](https://news.google.com/rss/articles/CBMiZkFVX3lxTFBlMXV1SFpVNUlERjF2UU04QVdRLWZqQWExSXFQVXk3X3hHM21DdDUycEVpNk1IeC1oY0tYak5BbDNGd3NEVk9CWmlJeDh4VUhoWTNhaDNoVTlZNmQwd0RpM05qZHdrZw?oc=5) · Muncie Journal
- 2019-10-30 [Muncie’s MutualBank To Merge With Pennsylvania Bank - Indiana Public Radio](https://news.google.com/rss/articles/CBMimwFBVV95cUxNSktFeUREdHllRkpFcDJTR2hOY0J5bTJROGhTRjFlS2tIb3ZqQThMUTJpOEpzUDMyc3BYd1NGNkFVVGVwaHBKOURqR2pjdUkxVWllTlVvdXJqamJLbFMxNjY3ekppRVpHVEJMZ3BmaWtVME9nUjk0MEUzaElkSnhTTjhtaXl1NzVHODBUbXRMLURUaGlJbS1tS3BOVQ?oc=5) · Indiana Public Radio
- 2019-10-29 [MutualBank to Merge with Pennsylvania Company - Inside INdiana Business](https://news.google.com/rss/articles/CBMilwFBVV95cUxPbF9aclczZ2l0Yi1PSXVvTWJDYUQxeXJaX0N6WjJrS3UtWTdPc2tCY0lzU3hZZ2pJV1JRY09LZGdOTlAwajg4VjdXR19PZlZTNEQ2S3pVMExpc1dMMDl2YXV1cXY1T19RRGo1S1doODZNa3VZaV9HUml3dHN6dlZVcnBXbE5ST3Qxa1h2anhfU0JqRDlyU1lJ?oc=5) · Inside INdiana Business
- 2019-04-11 [MutualBank: Does Community Banking Even Matter? - Muncie Journal](https://news.google.com/rss/articles/CBMijAFBVV95cUxNR0QyS0tDclFOeFhDeXF4Ynp3dENYX3RVWms0ZVJLUTdsOE5xLW9hWHd3Um9COTZZcjFMdUlVMlRfYnJXTW9qQmI3WkJkYms1TUVrdTlSOVdvSGN4YjhpVk1kTVA0eHlBZHpUV1kxdlB0Vmd1XzM3MU9VZFcwNGZ1VkFVM19LN2hJdm5oXw?oc=5) · Muncie Journal
- 2020-04-27 [Northwest Banchsares to keep MutualBank branches, cut jobs - The Star Press](https://news.google.com/rss/articles/CBMiwAFBVV95cUxQRjZvXzVLbHVqVElvWDBvMGg0c0R2NjN6UFdTd3F6dTB1UVpmWURoTDBOdkVCWXJTMTh1ODJZYzQ0ZEF2SEdMcHBFR19tcldYTnE3QUlXaFpMQXYzbjNjNGVmWjNqMVhDb0VkSkxNNjEta09sTjBkMmV6NWdwMmwtekc0dlA3MElyZ09NZE1GeU0wZm9ZTXVFbGNUWk11VUlQRkJRSjctYy0wWmJTYVlsMFFqNjZ5aHBySGdtc05Yc1c?oc=5) · The Star Press
- 2017-10-24 [MutualBank’s Chris Caldwell Joins Indiana Statewide CDC Central Loan Committee - Muncie Journal](https://news.google.com/rss/articles/CBMitwFBVV95cUxPOWFuajFoNjJLN0pBTm1oUklwTHlOQ0ZlVHlCR0tNNW9NVmtPeHZhNjhaa2MzYjA1M0FodERhYVMxN3RfeWVRWFUydC0yYk9IRHFPOHY1WDJ4VHg3b0V2ZUlvZWNBeExnc1RGdGY2UHo5a05xUGlNclhTZ1FmTEtLbktVVnNGMWJaUjNKTThCYy1UeVk4cXFQV2FNQnpiQVBvZzVvblBPZzhXV0llemdCSENpT3QteTA?oc=5) · Muncie Journal
- 2019-10-30 [Muncie-based MutualBank sold, 100+ jobs at risk - The Star Press](https://news.google.com/rss/articles/CBMirgFBVV95cUxPOTVaenBydEwzcUpmaEdocnA0bGxmZVB4UlRZOUFYSTBCdC1tRDRlanhlZGNwWlp2Z3piRUFQTHVsRk5ZZXdZenZKOWk3UnhYcXZUalY3UklBR2I1R0RYWk5MVU5pMFhOTjRVbDAxRlFFbGZyT1VRUUhuZE1DSEVWTlR6TkQ5bEdvRDVnakRrLUluUkN1TmZZTzB5TXpaUmttcWVpc3d6Y0pQQzZyUXc?oc=5) · The Star Press

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=27744 (click any number for its formula and FFIEC field codes)
- Latest row, JSON: https://getbookiq.com/bank-desk/data/summary.json · history: https://getbookiq.com/bank-desk/data/h/32.json (key "27744", columns cycle, ASSET, DEP, LNLSGR, EQTOT, ltd, liquid_pct, unins_pct, lev, aoci_pct_eq, sec_loss_eq, roa, nim, eff, nc_pct, nco_pct, LNAUTO, auto_dq, auto_nco, LNNDEPD, ndfi_eq, wholesale_pct, dep_yoy, score, flags)
- Field definitions: https://getbookiq.com/dictionary/#bank-LNNDEPD and the rest of the bank dictionary
- Source: FDIC call report via BankFind, dollars in thousands as filed. Departed means stopped filing, which is usually a merger; FAILED is the FDIC's own list.

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Rendered 2026-09-10 from the desks' own data files. Full guide: https://getbookiq.com/guide