Roundbank in Waseca, Minnesota (MN)
Overview, Financial Summary, Detailed Financial Reports, Branches

Roundbank - Overview

  • General
  • FDIC Certificate #: 5271
    Status: Active
    Federal Reserve ID: 836852
    Bank Holding Company (Regulatory Top Holder): Waseca Bancshares, Inc. (RSSDID: 1142989, Location: Waseca, MN)
    Date Established: November 15, 1881
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 4 (Domestic: 4, Interstate: No)
    OTS Docket #: 9662
    FDIC's unique #: 3542
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: Yes
    Subchapter S Corporations: Yes
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: July 23, 2010
    Last Structure Change Process Date: July 27, 2010
    Last Data Update: July 27, 2010
    Data Source Date: April 05, 2012
  • Location
  • Address: 200 Northeast 2nd Street, Waseca, MN 56093
    County: Waseca
    Quarterly Banking Profile Region: Kansas City
    FDIC Geographic Region: Kansas City
    FDIC Supervisory Region: Kansas City
    FDIC Field Office: Mankato
    Office of the Comptroller the Currency (OCC) District: Central
    Office of Thrift Supervision Region: West
  • History of Changes
  • Participated in FDIC Assisted Absorption/Consolidation/Merger
  • Financial Summary
  • Total assets: $290.2 mil
    Equity capital: $30.0 mil
    Deposits held in domestic offices: $235.0 mil
    Return on assets (ROA): 1.14% ($3.3 mil)
    Quarterly return on assets: 1.31% ($3.8 mil)
    Return on Equity (ROE): 11.30% ($3.4 mil)
    Quarterly return on equity: 12.67% ($3.8 mil)
    Net income: $3.3 mil
    Quarterly Net income: $0.9 mil
    Pretax return on assets: 1.14% ($3,308.7 mil)
    Quarterly Pretax return on assets: 1.32% ($3,831.1 mil)

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

2000 - 2011 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Historical total employees (full-time equivalent)

Assets and Liabilities (December 31, 2011)

  • Dollar figures in thousands
  • 62Total employees (full-time equivalent)
  • $290,234Total assets
  • $8,436Cash and due from depository institutions
  • $1,342Interest-bearing balances
  • $50,041Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $206,703Net loans & leases
  • $3,597Loan loss allowance
  • $0Trading account assets
  • $4,035Bank premises and fixed assets
  • $10,520Other real estate owned
  • $399Goodwill and other intangibles
  • $290,234Life insurance assets
  • $10,100All other assets
  • $260,233Total liabilities and capital
  • $235,016Total liabilities
  • $203,749Total deposits
  • $235,016Interest-bearing deposits
  • $83Deposits held in domestic offices
  • 4030.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $18,195Trading liabilities
  • $0Other borrowed funds
  • $2,992Subordinated debt
  • $30,001All other liabilities
  • $30,001Total equity capital
  • $30,001Total bank equity capital
  • $0Perpetual preferred stock
  • $1,000Common stock
  • $11,500Surplus
  • $17,501Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $13,362Income earned, not collected on loans
  • $0Earning assets
  • $1,253Long-term assets (5+ years)
  • $258,086Average Assets, year-to-date
  • $43,265Average Assets, quarterly
  • $293,391Volatile liabilities
  • $286,492Insider loans
  • $240,943FHLB advances
  • $284,308Loans and leases held for sale
  • $5,265Unused loan commitments
  • $4,372Tier 1 (core) risk-based capital
  • $27,930Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $893Total unused commitments
  • $20,937Restructured Loans and leases
  • $8,485Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $15,413Total interest income
  • $3,071Total interest expense
  • $12,342Net interest income
  • $2,140Provision for loan and lease losses
  • $2,732Total noninterest income
  • $0Fiduciary activities
  • $672Service charges on deposit accounts
  • $0Trading account gains & fees
  • $2,060Additional noninterest income
  • $9,601Total noninterest expense
  • $4,731Salaries and employee benefits
  • $1,000Premises and equipment expense
  • $3,870Additional noninterest expense
  • $3,333Pre-tax net operating income
  • $3Securities gains (losses)
  • $5Applicable income taxes
  • $3,331Income before extraordinary items
  • $0Extraordinary gains - net
  • $3,331Net income attributable to bank
  • $0Net charge-offs
  • $3,331Cash dividends
  • $1,304Sale, conversion, retirement of capital stock, net
  • $4,100Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.81%Yield on earning assets
  • 1.16%Cost of funding earning assets
  • 4.65%Net interest margin
  • 1.03%Noninterest income to earning assets
  • 3.62%Noninterest expense to earning assets
  • 1.13%Net operating income to assets
  • 1.14%Return on assets (ROA)
  • 1.14%Pretax return on assets
  • 11.30%Return on equity (ROE)
  • -2.61%Retained earnings to average equity (YTD only)
  • 0.61%Net charge-offs to loans
  • 164.11%Credit loss provision to net charge-offs
  • 4.20%Efficiency ratio
  • 63,493Assets per employee
  • 4.68%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 123.09%Loss allowance to loans
  • 1.71%Loss allowance to noncurrent loans
  • 26.92%Noncurrent assets plus other real estate owned to assets
  • 8.23%Noncurrent loans to loans
  • 6.35%Net loans and leases to deposits
  • 87.95%Net loans and leases to core deposits
  • 99.09%Equity capital to assets
  • 10.34%Core capital (leverage) ratio
  • 9.82%Tier 1 risk-based capital ratio
  • 11.59%Total risk-based capital ratio
  • Memoranda
  • $13Average assets
  • $293,391Average earning assets
  • $29,468Average equity
  • $265,386Average loans

List of branches

  • 4 Minnesota Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    03542Roundbank200 Northeast 2nd Street, Waseca, MN 56093November 15, 1881Full Service Brick and Mortar
    110678Waldorf BranchMain Street, Waldorf, MN 56091January 02, 1947Full Service Brick and Mortar
    2447930Farmington Branch3380 Vermillion River Trail, Farmington, MN 55024January 30, 2006Full Service Brick and Mortar
    457677Community Security Bank Branch1100 1st Street, N.E., New Prague, MN 56071November 10, 1997Full Service Brick and Mortar

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