MutualOne Bank

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Overview 2021

General Bank Information

FDIC Insured Yes
FDIC Certificate # 26395
Date Established 1889
Assets $ 974.14 million
Loans $ 808.03 million
Deposits $ 748.59 million
Capital $ 183.20 million

Summary Balance Sheet

ASSETS
Cash & Balances due from depository institutions $ 48.18 million
Interest-bearing balances $ 47.05 million
Total securities $ 84.09 million
Federal funds sold and reverse repurchase $ 0.36 million
Net loans and leases $ 808.03 million
Loan loss allowance $ 13.27 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned N.A.
Goodwill and other intangibles $ 0.21 million
All other assets $ 24.80 million
     Total Assets $ 790.94 million

LIABILITIES
Total deposits $ 748.59 million
      Interest-bearing deposits $ 638.05 million
      Deposits held in domestic offices $ 748.59 million
      % insured (estimated) 74.35%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds $ 35.40 million
Subordinated debt N.A.
All other liabilities $ 6.95 millionn
      Total Liabilities $ 790.94 million
      Shareholders’ Equity $ 183.20 million

Summary Income Statement

INCOME AND EXPENSES
Total Interest Income $ 32.59 million
Total Interest Expense $ 7.57 million
Net interest income $ 25.02 million
Provision for loan and lease losses $ 0.54 million
Total non interest income $ 1.57 million
Total non interest expense $ 12.42 million
Pre-tax Net Operating Income $ 13.64 million

MutualOne Bank is an FDIC insured institution headquartered at 828 Concord Street, Framingham, MA 1701.
It was founded in 1889 and has approximately $1 billion in assets. Customers can open an account at one of its 3 branches.