Mound City Bank

Headquarters

25 East Pine Street
Platteville, WI 53818
See all branch locations →

Notable Rates APY Vs.Others
Savings N.A. 0.95% →
1-Year CD N.A. 1.01% →
2-Year CD N.A. 0.95% →
5-Year CD N.A. 1.30% →
30-Year Mortgage 3.67% 2.80% →
15-Year Mortgage 3.20% 2.37% →
HELOC N.A. 2.79% →

2020 Overview

General Bank Information

Mound City Bank is an FDIC insured institution located in Platteville, WI. It was founded in 1915 and has approximately $0.39 billion in assets. Customers can open an account at one of its 6 branches.

FDIC Insured Yes
FDIC Certificate # 9037
Date Established 1915
Assets $ 386.93 million
Loans $ 284.50 million
Deposits $ 322.34 million
Capital $ 43.68 million
 

For a more detailed analysis of Mound City Bank's financial condition and a description of what these numbers mean, please visit the Financial Details section.

Deposit Rates - October 22, 2020

Your Current Location: Connecticut, CT 06828


Loan Rates - October 22, 2020

Your Current Location: Connecticut, CT 06828

Auto Loan Rates APR Rate Monthly Payment
2 Year 5.14% 4.64% $1,092.76
3 Year 5.13% 4.79% $746.92
4 Year 5.20% 4.94% $575.05
5 Year 5.30% 5.10% $472.92
6 Year 5.42% 5.24% $405.41
Refinance Mortgage Rates APR Rate Monthly Payment
Purchase Mortgage Rates APR Rate Monthly Payment

Monthly payments for mortgage products are based on a loan amount of $200,000. Home equity monthly payments are based on a loan amount of $50,000. Auto loan monthly payments are based on a loan amount of $25,000. Rates for each product are based on a variety of factors including credit score and loan amount. For specific requirements please check with the lender. Rates may change at any time.

Branches

Mound City Bank branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.

Your Location:
Fairfield,Connecticut


Mound City Bank Locations


Financial Details

Mound City Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Mound City Bank. The data is provided by the FDIC. All banks listed on BestCashCow.com are FDIC-insured. No depositor has ever lost deposits that have been within the FDIC insurance limits.

Texas Ratio
Mound City Bank U.S. Bank Average
8.59% 6.94%

The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its tangible common equity and its loan loss reserves. A lower Texas ratio indicates better coverage of problem loans. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a bank has to absorb its loan losses.

As of March 31, 2020, Mound City Bank had $4,181,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $43,681,000 in equity and $4,989,000 in loans loss reserves. That gives it a Texas Ratio of 8.59%.

Return on Equity
Mound City Bank U.S. Bank Average
9.9% 7.80%

Mound City Bank has a Return on Equity of 9.9% versus the BestCashCow average of 7.80%. Return on equity measures how efficiently a bank is making money from its capital. A bank with a consistently high ROE can be considered well run. A bank with a consistently low ROE can be considered poorly run.

Capitalization
Mound City Bank U.S. Bank Average
11.29% 12.68%

Mound City Bank has a Capitalization of 11.29% versus the BestCashCow average of 12.68. Capitalization measures how much equity capital a bank has to underpin loans and other assets on its balance sheet. The higher the capitalization number the more secure a bank is considered.

Mound City Bank Balance Sheet Analysis

As of March 31, 2020, Mound City Bank had assets of $386,926,000, loans of $284,500,000, and deposits of $322,339,000. Long-term increases in deposits shows a bank's ability to raise funds to grow its loans and assets. Loan and asset growth may rise or fall depending on a bank's strategy for growth. Sharp rises and falls in assets, deposits, and loans can be problematic, indicating a loosening of lending standards, or financial distress leading to reduced lending. A big change in these figured can also be from a bank acquisition or merger.

Summary Balance Sheet

March 31, 2020
ASSETS
Cash & Balances due from depository institutions $ 28.71 million
Interest-bearing balances $ 21.59 million
Total securities $ 44.57 million
Federal funds sold and reverse repurchase $ 14.62 million
Net loans and leases $ 284.50 million
Loan loss allowance $ 4.99 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned N.A.
Goodwill and other intangibles N.A.
All other assets $ 11.32 million
     Total Assets $ 343.25 million
LIABILITIES
Total deposits $ 322.34 million
      Interest-bearing deposits $ 282.39 million
      Deposits held in domestic offices $ 322.34 million
      % insured (estimated) 82.56%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds $ 18.36 million
Subordinated debt N.A.
All other liabilities $ 2.55 million
      Total Liabilities $ 343.25 million
      Shareholders’ Equity $ 43.68 million

Summary Income Statement

March 31, 2020
INCOME AND EXPENSES
Total Interest Income $ 3.82 million
Total Interest Expense $ 1.00 million
Net interest income $ 2.82 million
Provision for loan and lease losses $ 0.12 million
Total non interest income $ 1.03 million
Total non interest expense $ 2.28 million
Pre-tax Net Operating Income $ 1.45 million

Bank Loan Profile?

The top three loan types in Mound City Bank’s loan portfolio are 1-4 Family Residential Loans, Commercial Real Estate, and Farm Loans.

Compared to other banks in Wisconsin, Mound City Bank has a significantly higher percent of Farm Loans on its balance sheet, potentially indicating a specialty in that lending area.

Note: Percentages may not sum to 100% due to rounding and double categorization of some loan types. All data from the FDIC. Additional information about this table.

%
Loans
%
Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 26.26
Multifamily
Mortgages
10.21
Credit Card Loans 0.00
Consumer Auto Loans 0.38
Small Business Loans 0.00
Construction and Development Loans 2.37
Commercial Real Estate 22.29
Commercial and Industrial Loans 2.67
Farm Loans 19.82

Frequently Asked Questions About Mound City Bank

Branches and Savings

Is Mound City Bank FDIC insured?

Yes. It is covered under FDIC Certificate #9037.

Why does Mound City Bank pay such low interest on savings accounts?

See the best online savings rates here. See the best local savings rates here.

Why are Mound City Bank CD rates not competitive?

See the best online CD rates here. See the best local CD rates here.

Is Mound City Bank a commercial bank?

Yes

Where are Mound City Bank locations?

See branch locations nearby.

Is Mound City Bank open on Saturdays?

Is Mound City Bank open on Sundays?

What time does Mound City Bank open?

What time does Mound City Bank close?

Are Mound City Bank ATMs Open 24/7?

Do Mound City Bank ATMs accept cash deposits?

Can Mound City Bank customers use other ATMs?

Do Mound City Bank branches have notaries?

Will Mound City Bank notarize my document?

What address for Mound City Bank should I put for incoming ACH transfers?

Will the Mound City Bank branch print checks?

Do Mound City Bank checks expire?

Does Mound City Bank require US citizenship to open account?

Can Mound City Bank close my account?

Does Mound City Bank Report to credit bureaus?

Does Mound City Bank Use Equifax?

What is Mound City Bank's ACH Routing Number?

What is Mound City Bank's SWIFT code?

Products

Does Mound City Bank offer mortgages?

Compare mortgage rates here.

Does Mound City Bank offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Mound City Bank offer personal loans?

Compare personal loan rates here.

Does Mound City Bank offer student loans?

Will Mound City Bank cash a check?

Will Mound City Bank redeem a savings bond?

Does Mound City Bank cash savings bonds?

Will Mound City Bank cash money orders?

Can Mound City Bank issue a money order?

Does Mound City Bank do currency exchange?

Background on The Bank

Who owns Mound City Bank?

How long has Mound City Bank been around?

Can Mound City Bank transfer to other banks?

Does Mound City Bank have quick pay?

Does Mound City Bank accept rolled coins?

Will Mound City Bank accept loose change?

Where is Mound City Bank headquarters?

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