Page 11 - 1Q 2017 Reporter

Per the FDIC The mutual business model turned

Mutuals out to be highly resilient to the

 are considered hardships posed by the financial crisis

community banks

 have strong presence
Mutuals today continue
in the Midwest
the tradition of opportunity for
 a majority specialize
the benefit of their depositors,
in mortgage lending
borrowers, and
surrounding

communities

At year end 2015, mutuals devoted 44% of their assets to

mortgage loans compared with 19% of assets at stock

community banks and 14% of assets at stock

non-community banks

Amid a housing market

weakened by defaults and

foreclosures, mutuals stand
strong: they fail rarely; they
continue a tradition as

mortgage lending
specialists and they have

*Information provided from the FDIC Quarterly 2016 Volume 10, Number 4 , higher quality assets.
page 47, Mutual Institutions: Owned by the Communities they Serve.