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BANK MUTUAL CORP

No Longer Reporting

The company has not filed an annual or quarterly report since its Q3 FY2017 10-Q, filed Nov 7, 2017. Its latest SEC filing is a SC 13G/A from Feb 12, 2018.

The sections below describe the company as of the FY2016 annual report.

What Did They Do?

Takes deposits and makes commercial real estate, business and home loans to individuals, businesses, and government and nonprofit organizations.

How Did They Make Money?

When it services mortgages for outside investors, it keeps a fee from borrowers’ monthly payments throughout the loans’ lives.

revenue

Who Were Their Customers?

Individuals, businesses, government entities and nonprofits use its banking services through offices, ATMs, online and mobile banking, and phone support.

Did Revenues Turn Into Profits?

Yes. It kept 20 cents of every revenue dollar as net income in .

Net income,
20% of revenue
▲ +20% vs ($14.2M, 18%)

How Were They Changing?

Since the FY2016 annual report
Latest quarter: Q3 FY2017, the three months to Sep 30, 2017
Revenue
▲ +8%
vs $21.5M in Q3 FY2016
Net income
▼ −14%
vs $4.5M in Q3 FY2016
  • Feb 1, 2018 Bank Mutual merged into Associated, and its Nasdaq listing ended Associated survived the merger, and Bank Mutual’s common stock stopped trading on Nasdaq.
  • Apr 4, 2017 Agreed to sell five branches and consolidate two others The offices included $52.6 million in deposits and $13.2 million in loans; two other offices were to be consolidated.

Held flat. Revenue was $83.1M in , about the same as the $83M of .

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