200 Northeast 2nd Street
Waseca, MN 56093

Notable Rates APY Vs.Others
Savings 0.05% 1.90% →
1-Year CD 0.30% 1.90% →
2-Year CD 0.40% 1.95% →
5-Year CD 1.10% 2.00% →
30-Year Mortgage N.A. 3.14% →
15-Year Mortgage N.A. 2.59% →
HELOC N.A. 2.50% →

2020 Overview

General Bank Information

Roundbank is an FDIC insured institution located in Waseca, MN. It was founded in 1881 and has approximately $0.32 billion in assets. Customers can open an account at one of its 4 branches.

FDIC Insured Yes
FDIC Certificate # 5271
Date Established 1881
Assets $0.32 billion
Loans $0.23 billion
Deposits $0.26 billion
Capital $0.04 billion

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

Deposit Rates - April 4, 2020

Your Current Location: Connecticut, CT 06828

Savings and Money Market Rates APY MIN MAX
Money Market
0.01% $2,500 $9,999 Learn MoreShow Less
Money Market
0.01% $10,000 $24,999 Learn MoreShow Less
Money Market
0.05% $25,000 $49,999 Learn MoreShow Less
3 Mo CD
0.15% $2,000 $24,999 Learn MoreShow Less
3 Mo CD
0.20% $50,000 - Learn MoreShow Less
6 Mo CD
0.20% $2,000 $24,999 Learn MoreShow Less
6 Mo CD
0.25% $50,000 - Learn MoreShow Less
Special: 9 Mo CD
1.65% $2,000 - Learn MoreShow Less

0.45% $2,000 $24,999 Learn MoreShow Less
Special: 9 Mo FIRA
1.65% $2,000 - Learn MoreShow Less
Special: 15 Mo FIRA
1.75% $2,000 - Learn MoreShow Less
Variable IRA Rates APY MIN MAX
0.01% $1 $999 Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg
0.01% $500 $2,499 Learn MoreShow Less
Int Ckg
0.01% $2,500 - Learn MoreShow Less
Checking Rates APY MIN FEE
Kasasa Cash 2.50% $0 $0.00 Learn MoreShow Less

Loan Rates - April 4, 2020

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for Roundbank

Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:

Featured - Connecticut 30 Year Fixed Mortgage Rates 2020

Lender APR Rate (%) Points Fees Monthly
Learn More
Quicken Loans NMLS #3030
NMLS ID: 3030
4.668% 4.625% 0.00 $1,250 $1,286 Learn More
Rocket Mortgage
NMLS ID: 3030
4.542% 4.500% 0.00 $1,250 $1,267 Learn More

Featured - Connecticut Home Equity Line Of Credit Rates 2020

Lender APR (%)? Monthly Payment? Learn More

Note to Roundbank
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Financial Details

Roundbank Ratio Analysis

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

Texas Ratio
Roundbank U.S. Bank Average
11.51% 6.70%

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 September 30, 2019, Roundbank had $2,105,000 in non-current loans and $2,610,000 in owned real estate. To cover these potential losses it had $38,568,000 in equity and $2,406,000 in loans loss reserves. That gives it a Texas Ratio of 11.51%.

Return on Equity
Roundbank U.S. Bank Average
15.58% 9.72%

Roundbank has a Return on Equity of 15.58% versus the BestCashCow average of 9.72%. 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.

Roundbank U.S. Bank Average
11.97% 12.89%

Roundbank has a Capitalization of 11.97% versus the BestCashCow average of 12.89. 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.

Roundbank Balance Sheet Analysis

As of September 30, 2019, Roundbank had assets of $322,146,000, loans of $231,132,000, and deposits of $259,493,000. 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

September 30, 2019
Cash & Balances due from depository institutions $0.01 billion
Interest-bearing balances $0.00 billion
Total securities $0.07 billion
Federal funds sold and reverse repurchase $0.00 billion
Net loans and leases $0.23 billion
Loan loss allowance $0.00 billion
Trading account assets $0.00 billion
Bank premises and fixed assets $0.00 billion
Other real estate owned $0.00 billion
Goodwill and other intangibles $0.00 billion
All other assets $0.01 billion
     Total Assets $0.28 billion
Total deposits $0.26 billion
      Interest-bearing deposits $0.24 billion
      Deposits held in domestic offices $0.26 billion
      % insured (estimated) 84.93%
Federal funds purchased and repurchase agreements $0.01 billion
Trading liabilities $0.00 billion
Other borrowed funds $0.01 billion
Subordinated debt $0.00 billion
All other liabilities $0.00 billion
      Total Liabilities $0.28 billion
      Shareholders’ Equity $0.04 billion

Summary Income Statement

September 30, 2019
Total Interest Income $0.01 billion
Total Interest Expense $0.00 billion
Net interest income $0.01 billion
Provision for loan and lease losses $-0.00 billion
Total non interest income $0.00 billion
Total non interest expense $0.01 billion
Pre-tax Net Operating Income $0.00 billion

Bank Loan Profile?

The top three loan types in Roundbank’s loan portfolio are 1-4 Family Residential Loans, Commercial Real Estate, and Commercial and Industrial Loans.

Compared to other banks, Roundbank’s loan portfolio does not show any specific loan specialty.

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.

Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 35.70
Credit Card Loans 0.17
Consumer Auto Loans 1.23
Small Business Loans 0.00
Construction and Development Loans 4.92
Commercial Real Estate 15.55
Commercial and Industrial Loans 13.48
Farm Loans 11.75

Frequently Asked Questions About Roundbank

Branches and Savings

Is Roundbank FDIC insured?

Yes. It is covered under FDIC Certificate #5271.

Why does Roundbank pay such low interest on savings accounts?

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

Why are Roundbank CD rates not competitive?

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

Is Roundbank a commercial bank?


Where are Roundbank locations?

See branch locations nearby.

Is Roundbank open on Saturdays?

Is Roundbank open on Sundays?

What time does Roundbank open?

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Are Roundbank ATMs Open 24/7?

Do Roundbank ATMs accept cash deposits?

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Do Roundbank branches have notaries?

Will Roundbank notarize my document?

What address for Roundbank should I put for incoming ACH transfers?

Will the Roundbank branch print checks?

Do Roundbank checks expire?

Does Roundbank require US citizenship to open account?

Can Roundbank close my account?

Does Roundbank Report to credit bureaus?

Does Roundbank Use Equifax?

What is Roundbank's ACH Routing Number?

What is Roundbank's SWIFT code?


Does Roundbank offer mortgages?

Compare mortgage rates here.

Does Roundbank offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Roundbank offer personal loans?

Compare personal loan rates here.

Does Roundbank offer student loans?

Will Roundbank cash a check?

Will Roundbank redeem a savings bond?

Does Roundbank cash savings bonds?

Will Roundbank cash money orders?

Can Roundbank issue a money order?

Does Roundbank do currency exchange?

Background on The Bank

Who owns Roundbank?

How long has Roundbank been around?

Can Roundbank transfer to other banks?

Does Roundbank have quick pay?

Does Roundbank accept rolled coins?

Will Roundbank accept loose change?

Where is Roundbank headquarters?

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