This institution is no longer active

Operations ceased on November 19, 2021. CRA examination history below reflects the period it was active.

ROUNDBANK

WASECA, MN · Supervised by FDIC

Est. 1881FDIC #5,271RSSD: FDIC-5271

Part ofWASECA BANCSHARES INC→ View all charters

Satisfactory Same

Current rating · Exam: March 2020

CompareWatch

At a Glance

Community Lending (CRA)

Satisfactory

Meets federal requirements for community lending

Financial Health

Strong

ROA 2.30%

Is this bank safe?

ROUNDBANK holds a Satisfactory CRA rating (2020), is financially strong (ROA +2.30%). Overall, this bank appears financially sound.

Institution Profile

FDIC BankFind

Address

200 Northeast 2nd Street, WASECA, MN

County

Waseca County

Established

November 15, 1881

Total Assets

$379M(latest call report)

Community Reinvestment Rating

CRA / FFIEC

Federal regulators examine banks to ensure they lend and invest in the communities they serve, especially low- and moderate-income areas.

Overall Rating

Satisfactory

Meets federal requirements for community lending

Exam Date

March 1, 2020

Exam Type

Small Bank

Regulator

FDIC

What is a CRA rating? →

⚠️This exam is 6 years old — CRA data may not reflect current lending practices. Regulators typically re-examine banks every 2–4 years.

Estimated next exam:Overdue(based on asset size)

Financial Snapshot

As of Q3 2021Call Report / FDIC

Total Assets

$379M

Total Deposits

$316M

Net Loans

$227M

Net Income

$7M

ROA

2.30%

Above avg for Small banks. Peer avg: 0.44%

ROE

20.09%

Risk-Based Capital

16.02%

Below avg for Small banks. Regulatory min: 8%

Total Assets — Last 8 Quarters

Total AssetsROA

Peer Comparison

Small banks

Compared to the peer-bank Small peer group (same asset tier).

ROA2.30%Peer avg: 0.44%▲ Above avg

Risk-Based Capital16.02%Peer avg: 23.03%▼ Below avg

Mortgage Denial Rate2.71%Peer avg: 6.90%▼ Fewer than avg

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Mortgage Lending

CFPB HMDA

Year	Applications	Orig. Rate	Denial Rate
2021	627	85.65%	2.71%
2020	1,204	91.78%	1.50%
2019	340	87.35%	3.82%
2018	282	82.62%	6.38%

Denial rate = denials ÷ total applications. 2024 national avg: 23.75% · Small bank avg: 6.90% · above-average shown in red

Rating History

CRA / FFIEC

Exam Date	Rating	Exam Type
Mar 2020	Satisfactory	Small Bank
Mar 2017	Satisfactory	Small Bank
Aug 2014	Satisfactory	Small Bank

6 previous ratings locked — back to 1992

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Rating Over Time

🔒 Locked

OutstandingSatisfactoryNeeds to ImproveSubst. Noncompliance

Exam dates and details are paywalled

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