# MUTUAL FEDERAL BANK
CHICAGO, IL · FDIC certificate 28302 · asset band <$300M · latest filing 2026-06 · live

**Verdict on the desk:** this could be *funding-stretched*. Composite score 3 (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 | $96.5M | |
| Deposits | $63.5M | |
| Loans and leases | $83.7M | |
| Total equity | $15.9M | |
| Loans / deposits | 129.80% (p99 of band) | 73.59% |
| Liquid assets / assets | 10.76% (p5 of band) | |
| Uninsured deposits / deposits | 6.38% (p5 of band) | 19.81% |
| Brokered deposits | 0.00% | |
| Wholesale funding | 17.10% (p93 of band) | |
| FHLB advances / assets | 17.10% | |
| Tier 1 leverage | 16.34% (p83 of band) | 11.76% |
| Unrealized securities loss / equity | 0.00% (p95 of band) | -6.57% |
| AOCI / equity | 0.00% (p78 of band) | |
| ROA (annualized) | 0.61% (p21 of band) | 1.17% |
| Net interest margin | 3.78% (p42 of band) | 3.93% |
| Efficiency ratio | 83.24% (p83 of band) | |
| Noncurrent loans | 1.09% (p72 of band) | 0.36% |
| Net charge-offs (annualized) | 0.00% (p38 of band) | |
| Reserve coverage of noncurrent | 139.30% | |
| Real estate % of loans | 100% | |
| Construction % of loans | 0.00% (p9 of band) | |
| Auto loans | $0 (0.00% of loans; DQ –, NCO 0.00%) | |
| Loans to nondepository financials | $0 (0% of equity) (p48 of band) | |
| Deposits YoY | -0.1% | |
| Employees | 13 | |

## Flags firing in the latest filing

- **loans exceed deposits** (`liq_ltd`)
- **wholesale funding >15%** (`liq_wholesale`)
- **capital falling** (`cap_falling`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2011-03 | 6 | losing money, expense ratio p90, NIM <2.5%, noncurrent p90, charge-offs p90, reserve under noncurrent |  |
| 2011-06 | 5 |  | charge-offs p90 |
| 2011-09 | 6 | capital falling |  |
| 2011-12 | 5 |  | capital falling |
| 2012-03 | 7 | charge-offs p90, deposits shrinking, assets shrinking | NIM <2.5% |
| 2012-06 | 8 | uninsured deposits leaving |  |
| 2012-09 | 8 |  |  |
| 2012-12 | 8 |  |  |
| 2013-03 | 5 |  | deposits shrinking, assets shrinking, uninsured deposits leaving |
| 2013-06 | 6 | capital falling |  |
| 2013-09 | 5 |  | losing money |
| 2013-12 | 4 |  | expense ratio p90 |
| 2014-03 | 2 |  | charge-offs p90, capital falling |
| 2014-06 | 2 |  |  |
| 2014-09 | 3 | capital falling |  |
| 2014-12 | 2 |  | capital falling |
| 2015-03 | 2 |  |  |
| 2015-06 | 2 |  |  |
| 2015-09 | 5 | loans exceed deposits, deposits shrinking, uninsured deposits leaving |  |
| 2015-12 | 3 |  | loans exceed deposits, deposits shrinking |
| 2016-03 | 2 |  | uninsured deposits leaving |
| 2016-06 | 3 | uninsured deposits leaving |  |
| 2016-09 | 2 |  | uninsured deposits leaving |
| 2016-12 | 3 | loans exceed deposits |  |
| 2017-03 | 4 | expense ratio p90, uninsured deposits leaving | loans exceed deposits |
| 2017-06 | 3 | loans exceed deposits | noncurrent p90, uninsured deposits leaving |
| 2017-09 | 4 | capital falling |  |
| 2017-12 | 4 |  |  |
| 2018-03 | 3 | losing money | loans exceed deposits, capital falling |
| 2018-06 | 3 |  |  |
| 2018-09 | 5 | deposits shrinking, assets shrinking |  |
| 2018-12 | 5 | noncurrent p90 | losing money |
| 2019-03 | 7 | losing money, charge-offs p90 |  |
| 2019-06 | 6 |  | losing money |
| 2019-09 | 7 | loans exceed deposits |  |
| 2019-12 | 5 |  | deposits shrinking, assets shrinking |
| 2020-03 | 3 | liquid assets <10% | expense ratio p90, noncurrent p90, charge-offs p90 |
| 2020-06 | 4 | uninsured deposits leaving |  |
| 2020-09 | 4 | wholesale funding >15%, capital falling | liquid assets <10%, uninsured deposits leaving |
| 2020-12 | 3 |  | wholesale funding >15% |
| 2021-03 | 2 | expense ratio p90 | loans exceed deposits, capital falling |
| 2021-06 | 2 |  |  |
| 2021-09 | 3 | capital falling |  |
| 2021-12 | 1 |  | reserve under noncurrent, capital falling |
| 2022-03 | 2 | losing money |  |
| 2022-06 | 5 | loans exceed deposits, wholesale funding >15%, liquid assets <10% |  |
| 2022-09 | 5 | capital falling | liquid assets <10% |
| 2022-12 | 5 |  |  |
| 2023-03 | 6 | deposits shrinking |  |
| 2023-06 | 5 |  | capital falling |
| 2023-09 | 6 | assets shrinking |  |
| 2023-12 | 4 |  | losing money, deposits shrinking |
| 2024-03 | 3 |  | expense ratio p90 |
| 2024-06 | 3 | liquid assets <10% | wholesale funding >15% |
| 2024-09 | 4 | noncurrent p90, reserve under noncurrent | liquid assets <10% |
| 2024-12 | 8 | wholesale funding >15%, losing money, expense ratio p90, deposits shrinking, uninsured deposits leaving | assets shrinking |
| 2025-03 | 8 | liquid assets <10%, capital falling | losing money, expense ratio p90 |
| 2025-06 | 6 |  | liquid assets <10%, capital falling |
| 2025-09 | 4 | liquid assets <10% | noncurrent p90, deposits shrinking, uninsured deposits leaving |
| 2025-12 | 3 |  | reserve under noncurrent |
| 2026-03 | 3 |  |  |
| 2026-06 | 3 | capital falling | liquid assets <10% |

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

- 2026-08-27 [Mutual Federal Bancorp, Inc. Announces Adoption of Plan of Conversion and Reorganization to Undertake Second Step Conversion - TradingView](https://news.google.com/rss/articles/CBMikAJBVV95cUxOR2NLeGJOeUUzWEtUZThTb2RyMVpNQ0FYbVpEa2s5VzBpZHNaV1BWNkNleXhSSHJmMW1PU1FMZGNkNTJWQmc1bGtFcFJ3cEk3eVkxOU9mWkpOVkV6aFFOVS1QSTk2MEFSZ2E2WGZhdkhxRzlmWFU4aWZHWUZBTHM0ZlR3X2VwbmtiY1NfMlRGMUxOb2dwREozUTZRM1N0VVR6bk5QV0ltRVozRXp3MDMtSnVxZXE3RDZGZFpXamQ4WE9HeGwxc2NodnY0ZGRraHdubmlrcFFXbUFMWWFoUVEycmxSeFpEWjFWUjFJNFgxWUhLTFlEeWFwVUhHWk1RNnJpS0Jsb1VRVFRMTzEtS0lEVQ?oc=5) · TradingView
- 2025-06-05 [Pulaski Bank’s failure spurred by ‘impaired capital’: FDIC OIG - Banking Dive](https://news.google.com/rss/articles/CBMiwwFBVV95cUxOWGd3bnRMWVNwTm5fMEFCbTE4QXlDM1VWSTdIR3psM0dJUkI2NmVaZUZZTEpNT1F4bmFHNjNaSFJDYy1ydjBkamdqYXRZaXRsMnNRMHF1TDc5bjExcG5CVHE4MFJxMS1hT29LWE1CVkRlXzJIRE1FYlhxQ1g0ejBKVUt0OEE2MHYyX21JQnVrZWozb0tOSDhTQXlmblhQRzVVVUZpd2tTaUN4Sk1TcGhaUWlIU2ZJUm4xSUNDZHNzUFhYQzQ?oc=5) · Banking Dive
- 2025-01-17 [Chicago’s Pulaski Savings collapses in first bank failure of 2025 - The Real Deal](https://news.google.com/rss/articles/CBMirAFBVV95cUxOa0ZGQ1BQU19xQkVRUnpZSlJPbGRWVlBYUzVQQTRGMUpqV1ZabFlFR01XS3hsX3VPWmYxRFhMYk9EdzBQa2ZMTk9FSk4yVk9Yc29tVEtHZEJEVWV6UlhJU1F0RW1zY3ZvUGpDZTNSTThOZ2dEUXhWaVRHM1NwenU0VjhURFhhTldnS0FPdWl4OFA5Z0NGZHRJNWdXR3VteTZPdlVpTmk3Vm9MN25X?oc=5) · The Real Deal
- 2012-03-12 [OCC Enforcement Actions - occ.gov](https://news.google.com/rss/articles/CBMifkFVX3lxTFBNUXFRQ3VLLVUxY3A4ZWJpLU5mOVgxR1pCY3NIREtuMnI5d1A3NnRIVGZ6dmtWNVVYNmMyOGYtZDBGZnhBd29rNGMxaVV2WmNRZlFTX25ldjZIbWljVnZ1VzJzdXY1bVI4SDNESDdYZEpxdjZDcWpsMkp2SWhQUQ?oc=5) · occ.gov
- 2022-04-05 [Ohio Development Will Combine Affordable Housing and Early Learning Center - Affordable Housing Finance](https://news.google.com/rss/articles/CBMivAFBVV95cUxPR2FqU2dUN3JIOHhkUzJHOWNWMllpZ3RPMTdwZEhOLTBYQjdjY3JabERtRE5GRmw3VlVHNURWVGNIcUhDcDNwOXlzeUpLTTd0QWtIM1o0YXZPNExTZ2FNbDNPbFRRSGVRbnBwelg2am1zazRlYjlWcEd6XzhvTjFQZ2tiVmNCSHBoWUxBODN6dlhmM1l5Zml5ZGV0Z3JqU0lRazdld0F5WFRIbUZFTl8yQVd5eTFyV01EZTYyMg?oc=5) · Affordable Housing Finance
- 2024-06-13 [STEPHANIE SIMONAITIS OBITUARY - Chicago Tribune](https://news.google.com/rss/articles/CBMidEFVX3lxTE5IRUVBZzZJRU9KUnp6dDFYWW10YWhsVUNuazFpSy1xcUZpbXd3MGRXclhobkgyM2oyQmNLYlN3UTNERzg0OWVpMFpVX2w0ZEZnbVlKTXBPSHlrVmxGTnpzcEZqSHFvYWt5cWh0d3U4ZmdZVXRf?oc=5) · Chicago Tribune

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=28302 (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/14.json (key "28302", 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