BROWN DEER — Bank Mutual
Corp. said its second-quarter net income increased 35 percent,
according to a company statement.
Bank Mutual Corp., the Brown Deer-based parent company of Bank
Mutual banks, said net income increased to $3.6 million, or
eight cents per share, compared with $2.6 million, or six cents,
in last year’s second quarter.
“Our net interest margin increased to 3.32 percent in the second
quarter, which was another record for the bank," said David A.
Baumgarten, president and chief executive. "This improvement,
together with other favorable trends in our financial condition
and operating results, pushed earnings in the second quarter to
the highest level in nearly five years."
Bank Mutual’s net income was $6.4 million, or 14 cents per
share, in the first six months of 2014, according to the