PackageTrendsPeer
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Bank Mutual

Milwaukee, WI · Cert 30125

FDIC · 63 branches

Q1 2018

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, not published for this institution and quartern/a

Basis

Quarter: Q1 2018, the quarter ended March 31, 2018, on both parts.

Income statement: year to date as filed, annualized, on both parts.

Balance sheet: as filed at quarter end.

Peer group

No peer standings are published for this institution and quarter.

Peer groups below the disclosure floor are suppressed.

Source: FFIEC Call Report (031/041/051), as filed. Dollar figures derived from reported amounts in thousands. Ratios computed by CallReports.ai using published regulatory formulas.

CallReports · callreports.ai · Board PackageGenerated 2026-10-11

Bank Mutual

Milwaukee, WI · Cert 30125

FDIC · 63 branches

Q1 2018

$2.4BAssets
$1.9BLoans
$1.8BDeposits
$455.9MEquity
Loan mix
84%RE $1.4B15%C&I $0.2B1%Consumer $0.0BQ1 2017Q1 2018
Deposit mix
83%Interest-bearing $1.5B17%Noninterest $0.3BQ1 2017Q1 2018

NIM

3.27%Q1 ’163.24%Q1 ’173.18%Q1 ’18-1%+16%

Non-interest income vs. expense

2.76%Q1 ’162.71%Q1 ’174.27%Q1 ’18+8%+100%

Market Position · Milwaukee-Waukesha-West Allis, WI · 2017 SOD (annual) · 1.1% share · #12 of 47 inst. · $0.8B of $70.7B

1.1% Milwaukee
4.1% Brown
1.1% Waukesha
4.6% Eau Claire

Executive Summary

  • Earnings: ROA of -0.67%, down 122 bps year over year; NIM at 3.28%.
  • Asset quality: problem loans at 1.26% of loans (+82 bps YoY), with net charge-offs at 0.01%.
  • Capital: tier 1 leverage ratio of 11.30%, up 113 bps from a year ago.
  • Funding: loans stand at 104.18% of deposits as of Q1 2018.

Financial Results

Return on Assets (YTD, annualized)

-0.67%-122 bps YoY

Net Interest Margin (YTD, annualized)

3.28%+46 bps YoY

Efficiency Ratio (YTD, annualized)

116.72%+4,238 bps YoY

Tier 1 Leverage Ratio

11.30%+113 bps YoY

Year to date, annualized, through each quarter.

MetricQ1 2017Q2 2017Q3 2017Q4 2017Q1 2018YoY ΔTrend
Earnings
Return on Assets0.55%0.61%0.64%0.56%-0.67%-122 bps
Return on Equity5.61%6.21%6.50%5.70%-4.70%-1,031 bps
Net Interest Margin2.82%2.81%2.83%2.89%3.28%+46 bps
Efficiency Ratio74.34%71.82%70.61%68.45%116.72%+4,238 bps
Non-Interest Burden1.88%1.78%1.76%1.71%3.75%+187 bps
Growth
Asset Growth (YoY)5.33%3.44%1.55%-0.34%-10.44%-1,577 bps
Loan Growth (YoY)10.09%7.89%2.94%-0.37%-6.43%-1,651 bps
Deposit Growth (YoY)5.03%2.85%2.96%0.43%-8.27%-1,330 bps
Asset Quality
Nonperforming Loans / Loans0.45%0.37%0.40%0.26%1.26%+82 bps
Net Charge-Offs / Loans0.01%0.00%0.01%0.02%0.01%0 bps
Allowance / Loans1.03%1.03%1.05%1.03%0.08%-95 bps
Allowance Coverage of NPLs2.3x2.8x2.6x4.0x0.1x-2.2x
Capital
Tier 1 Leverage Ratio10.17%10.15%10.18%10.33%11.30%+113 bps
Total Risk-Based Capital14.26%14.21%14.80%15.33%12.94%-132 bps
Equity / Assets9.78%9.76%9.94%9.95%19.08%+930 bps
Liquidity & Funding
Loans / Deposits102.13%104.40%101.11%102.10%104.18%+205 bps
Liquid Assets / Assets4.10%4.04%4.44%4.29%1.46%-264 bps
CRE / Total Capitaln/an/an/an/an/an/an/a