Roundbank in Waseca, Minnesota (MN)
| Roundbank | |
|---|---|
| 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 WWW: http://www.roundbank.com 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) |
| Assets and Liabilities (December 31, 2011) (Dollar figures in thousands) | |
| Total employees (full-time equivalent) | 62 |
| Total assets | $290,234 |
| Cash and due from depository institutions | $8,436 |
| Interest-bearing balances | $1,342 |
| Securities | $50,041 |
| Federal funds sold & reverse repurchase agreements | $0 |
| Net loans & leases | $206,703 |
| Loan loss allowance | $3,597 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $4,035 |
| Other real estate owned | $10,520 |
| Goodwill and other intangibles | $399 |
| All other assets | $10,100 |
| Life insurance assets | $290,234 |
| Total liabilities and capital | $260,233 |
| Total liabilities | $235,016 |
| Total deposits | $203,749 |
| Interest-bearing deposits | $235,016 |
| Deposits held in domestic offices | $83 |
| % insured (estimated) | 4030.00% |
| Federal funds purchased & repurchase agreements | $0 |
| Trading liabilities | $18,195 |
| Other borrowed funds | $0 |
| Subordinated debt | $2,992 |
| All other liabilities | $30,001 |
| Total equity capital | $30,001 |
| Total bank equity capital | $30,001 |
| Perpetual preferred stock | $0 |
| Common stock | $1,000 |
| Surplus | $11,500 |
| Undivided profits | $17,501 |
| Memoranda | |
| Noncurrent loans and leases | $0 |
| Noncurrent loans that are wholly or partially guaranteed by the U.S. government | $0 |
| Income earned, not collected on loans | $13,362 |
| Earning assets | $0 |
| Long-term assets (5+ years) | $1,253 |
| Average Assets, year-to-date | $258,086 |
| Average Assets, quarterly | $43,265 |
| Volatile liabilities | $293,391 |
| Insider loans | $286,492 |
| FHLB advances | $240,943 |
| Loans and leases held for sale | $284,308 |
| Unused loan commitments | $5,265 |
| Tier 1 (core) risk-based capital | $4,372 |
| Tier 2 risk-based capital | $27,930 |
| Total risk weighted assets | $0 |
| Total unused commitments | $893 |
| Restructured Loans and leases | $20,937 |
| Derivatives | $8,485 |
| Income and Expense (December 31, 2011) (Dollar figures in thousands) | |
| Total interest income | $15,413 |
| Total interest expense | $3,071 |
| Net interest income | $12,342 |
| Provision for loan and lease losses | $2,140 |
| Total noninterest income | $2,732 |
| Fiduciary activities | $0 |
| Service charges on deposit accounts | $672 |
| Trading account gains & fees | $0 |
| Additional noninterest income | $2,060 |
| Total noninterest expense | $9,601 |
| Salaries and employee benefits | $4,731 |
| Premises and equipment expense | $1,000 |
| Additional noninterest expense | $3,870 |
| Pre-tax net operating income | $3,333 |
| Securities gains (losses) | $3 |
| Applicable income taxes | $5 |
| Income before extraordinary items | $3,331 |
| Extraordinary gains - net | $0 |
| Net income attributable to bank | $3,331 |
| Net charge-offs | $0 |
| Cash dividends | $3,331 |
| Sale, conversion, retirement of capital stock, net | $1,304 |
| Net operating income | $4,100 |
| Performance and Condition Ratios (December 31, 2011) (Dollar figures in thousands) | |
| Performance Ratios (%, annualized) | |
| Yield on earning assets | 5.81% |
| Cost of funding earning assets | 1.16% |
| Net interest margin | 4.65% |
| Noninterest income to earning assets | 1.03% |
| Noninterest expense to earning assets | 3.62% |
| Net operating income to assets | 1.13% |
| Return on assets (ROA) | 1.14% |
| Pretax return on assets | 1.14% |
| Return on equity (ROE) | 11.30% |
| Retained earnings to average equity (YTD only) | -2.61% |
| Net charge-offs to loans | 0.61% |
| Credit loss provision to net charge-offs | 164.11% |
| Efficiency ratio | 4.20% |
| Assets per employee | $63,493 |
| Cash dividends to net income (YTD only) | 4.68% |
| Condition Ratios (%) | |
| Loss allowance to loans | 123.09% |
| Loss allowance to noncurrent loans | 1.71% |
| Noncurrent assets plus other real estate owned to assets | 26.92% |
| Noncurrent loans to loans | 8.23% |
| Net loans and leases to deposits | 6.35% |
| Net loans and leases to core deposits | 87.95% |
| Equity capital to assets | 99.09% |
| Core capital (leverage) ratio | 10.34% |
| Tier 1 risk-based capital ratio | 9.82% |
| Total risk-based capital ratio | 11.59% |
| Memoranda | |
| Average assets | $13 |
| Average earning assets | $293,391 |
| Average equity | $29,468 |
| Average loans | $265,386 |
| 4 Minnesota Branches as of April 05, 2012 | ||||||
| No | ID | Name | Address | Established | Service Type | Map |
|---|---|---|---|---|---|---|
| 0 | 3542 | Roundbank | 200 Northeast 2nd Street, Waseca, MN 56093 | November 15, 1881 | Full Service Brick and Mortar |  |
| 1 | 10678 | Waldorf Branch | Main Street, Waldorf, MN 56091 | January 02, 1947 | Full Service Brick and Mortar |  |
| 2 | 447930 | Farmington Branch | 3380 Vermillion River Trail, Farmington, MN 55024 | January 30, 2006 | Full Service Brick and Mortar | |
| 4 | 57677 | Community Security Bank Branch | 1100 1st Street, N.E., New Prague, MN 56071 | November 10, 1997 | Full Service Brick and Mortar | |
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