Think Mutual Bank
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Deposit Rates - April 16, 2021
SAVINGS RATES | APY | MIN | MAX | |
---|---|---|---|---|
Savings
|
0.15% | $2,500 | $4,999 | Compare |
CD RATES | APY | MIN | MAX | |
---|---|---|---|---|
6 Mo CD
|
0.45% | $10,000 | $14,999 | Compare |
6 Mo CD
|
0.55% | $100,000 | $199,999 | Compare |
12 Mo CD
|
0.55% | $10,000 | $14,999 | Compare |
12 Mo CD
|
0.65% | $100,000 | $199,999 | Compare |
18 Mo CD
|
0.60% | $10,000 | $14,999 | Compare |
18 Mo CD
|
0.70% | $100,000 | $199,999 | Compare |
24 Mo CD
|
0.65% | $10,000 | $14,999 | Compare |
24 Mo CD
|
0.75% | $100,000 | $199,999 | Compare |
30 Mo CD
|
0.70% | $10,000 | $14,999 | Compare |
30 Mo CD
|
0.80% | $100,000 | $199,999 | Compare |
36 Mo CD
|
0.75% | $10,000 | $14,999 | Compare |
36 Mo CD
|
0.85% | $100,000 | $199,999 | Compare |
48 Mo CD
|
0.85% | $10,000 | $14,999 | Compare |
48 Mo CD
|
0.95% | $100,000 | $199,999 | Compare |
60 Mo CD
|
0.90% | $10,000 | $14,999 | Compare |
60 Mo CD
|
1.00% | $100,000 | $199,999 | Compare |
MM RATES | APY | MIN | MAX | |
---|---|---|---|---|
Money Market
|
0.30% | $10,000 | $14,999 | Compare |
Money Market
|
0.35% | $25,000 | $29,999 | Compare |
INT CHECKING RATES | APY | MIN | MAX | |
---|---|---|---|---|
Int Ckg
|
0.05% | $1 | $99 | |
Int Ckg
|
0.10% | $2,500 | $3,499 |
Featured Home Equity Rates
-
Sponsored
-
Test Advertiser QA
Updated 2021-04-16Tag Line - HE $0 -
2.240 %
$0 -
Intro APR: 2.990 %
After Intro:3.750 %
Intro Period: 12 months
$25,000 -
Test Advertiser QA
Updated 2021-04-16Tag Line - HE $0 - Data provided by Brown Bag Marketing, Inc. Payments do not include amounts for taxes and insurance premiums. Click here for more information on rates and product details.
Featured 30-Year Fixed Mortgage Rates
-
Sponsored
-
2.805% $1,021 -
2.557% $988 -
New American Funding
NMLS ID: 66062.860% $1,021 -
2.919% $1,038 -
Rocket Mortgage
NMLS ID: 30303.368% $1,089 -
2.557% $988 -
New American Funding
NMLS ID: 66062.860% $1,021 -
Quicken Loans NMLS #3030
NMLS ID: 30303.494% $1,106 -
2.805% $1,021 - Data provided by Brown Bag Marketing, Inc. Payments do not include amounts for taxes and insurance premiums. Click here for more information on rates and product details.
Overview 2021
General Bank Information
FDIC Insured | Yes |
FDIC Certificate | # 58536 |
Date Established | 2007 |
Assets | $ 1,972.15 million |
Loans | $ 1,212.44 million |
Deposits | $ 1,650.02 million |
Capital | $ 305.86 million |
Summary Balance Sheet
ASSETS | |
Cash & Balances due from depository institutions | $ 92.47 million |
Interest-bearing balances | $ 78.98 million |
Total securities | $ 571.92 million |
Federal funds sold and reverse repurchase | N.A. |
Net loans and leases | $ 1,212.44 million |
Loan loss allowance | $ 6.98 million |
Trading account assets | N.A. |
Bank premises and fixed assets | N.A. |
Other real estate owned | N.A. |
Goodwill and other intangibles | $ 3.86 million |
All other assets | $ 56.14 million |
Total Assets | $ 1,666.29 million |
LIABILITIES | |
Total deposits | $ 1,650.02 million |
Interest-bearing deposits | $ 1,501.33 million |
Deposits held in domestic offices | $ 1,650.02 million |
% insured (estimated) | 95.67% |
Federal funds purchased and repurchase agreements | N.A. |
Trading liabilities | N.A. |
Other borrowed funds | N.A. |
Subordinated debt | N.A. |
All other liabilities | $ 16.27 millionn |
Total Liabilities | $ 1,666.29 million |
Shareholders’ Equity | $ 305.86 million |
Summary Income Statement
INCOME AND EXPENSES | |
Total Interest Income | $ 55.33 million |
Total Interest Expense | $ 5.77 million |
Net interest income | $ 49.56 million |
Provision for loan and lease losses | $ 2.96 million |
Total non interest income | $ 26.72 million |
Total non interest expense | $ 49.81 million |
Pre-tax Net Operating Income | $ 23.51 million |
Think Mutual Bank is an FDIC insured institution headquartered at
5200 Members Parkway, Nw, Rochester, MN 55901.
It was founded in
2007 and has approximately $2 billion in
assets. Customers can open an account at one of its 11 branches.
Savings Comparison
This analysis is for demonstrative purposes only. Savings rates may go up or down, and CD rates may not be renewable for the length of the term of the analysis.
PRODUCT
BANK
BANK TYPE
STATE
AMOUNT
TERM
APY
VS.NATL'L AV.
MIN
MILES
Tax Rate: 30%
All calculations are for demonstration purposes only.
- 1LOCAL SAVINGSBankMINNESOTA$50,000N.A.0.15%1.32x (National Avg. - 0.11%)$2,500-SCENARIO
Year Rate
0.15%Annual
InterestAnnual Interest
(After Tax)1 50,000 75 53 2 50,075 75 53 3 50,150 75 53 4 50,225 75 53 5 50,301 75 53 6 50,376 76 53 7 50,452 76 53 8 50,527 76 53 9 50,603 76 53 10 50,679 76 53 11 50,755 76 53 12 50,831 76 53 13 50,907 76 53 14 50,984 76 54 15 51,060 77 54 16 51,137 77 54 17 51,214 77 54 18 51,290 77 54 19 51,367 77 54 20 51,444 77 54 TOTAL $1,522 $1,065 - 2ONLINE SAVINGSOnline Bank-$50,000N.A.0.50%4.39x (National Avg. - 0.11%)$0-SCENARIO
Year Rate
0.50%Annual
InterestAnnual Interest
(After Tax)1 50,000 250 175 2 50,250 251 176 3 50,501 253 177 4 50,754 254 178 5 51,008 255 179 6 51,263 256 179 7 51,519 258 180 8 51,776 259 181 9 52,035 260 182 10 52,296 261 183 11 52,557 263 184 12 52,820 264 185 13 53,084 265 186 14 53,349 267 187 15 53,616 268 188 16 53,884 269 189 17 54,154 271 190 18 54,424 272 190 19 54,696 273 191 20 54,970 275 192 TOTAL $5,245 $3,671