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Roundbank

Waseca, MN · Cert 5271

FDIC · 4 branches

Q3 2021

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, not published for this institution and quartern/a

Basis

Quarter: Q3 2021, the quarter ended September 30, 2021, on both parts.

Income statement: year to date as filed, annualized, on both parts.

Balance sheet: as filed at quarter end.

Peer group

No peer standings are published for this institution and quarter.

Peer groups below the disclosure floor are suppressed.

Source: FFIEC Call Report (031/041/051), as filed. Dollar figures derived from reported amounts in thousands. Ratios computed by CallReports.ai using published regulatory formulas.

CallReports · callreports.ai · Board PackageGenerated 2026-10-11

Roundbank

Waseca, MN · Cert 5271

FDIC · 4 branches

Q3 2021

$378.8MAssets
$230.2MLoans
$315.6MDeposits
$45.3MEquity
Loan mix
82%RE $162.2M16%C&I $30.9M2%Consumer $4.9MQ3 2020Q3 2021
Deposit mix
74%Interest-bearing $234.2M26%Noninterest $81.4MQ3 2020Q3 2021

NIM

4.49%Q3 ’194.25%Q3 ’204.02%Q3 ’21+4%0%

Non-interest income vs. expense

3.30%Q3 ’193.67%Q3 ’203.32%Q3 ’21-45%+11%

Market Position · Minneapolis-St. Paul-Bloomington, MN-WI · 2021 SOD (annual) · 0.1% share · #83 of 138 inst. · $0.1B of $222.4B

37.9% Waseca
3.6% Scott
0.4% Dakota

Executive Summary

  • Earnings: ROA of 2.30%, up 19 bps year over year; NIM at 3.81%.
  • Asset quality: problem loans at 0.65% of loans (+5 bps YoY), with net recoveries of 0.03%.
  • Capital: tier 1 leverage ratio of 10.90%, down 8 bps from a year ago.
  • Funding: loans stand at 72.94% of deposits as of Q3 2021.

Financial Results

Return on Assets (YTD, annualized)

2.30%+19 bps YoY

Net Interest Margin (YTD, annualized)

3.81%-1 bps YoY

Efficiency Ratio (YTD, annualized)

59.32%-203 bps YoY

Tier 1 Leverage Ratio

10.90%-8 bps YoY

Year to date, annualized, through each quarter.

MetricQ3 2020Q4 2020Q1 2021Q2 2021Q3 2021YoY ΔTrend
Earnings
Return on Assets2.11%2.40%2.90%2.61%2.30%+19 bps
Return on Equity18.29%20.75%26.13%23.07%20.09%+179 bps
Net Interest Margin3.82%3.71%4.32%3.92%3.81%-1 bps
Efficiency Ratio61.35%59.43%55.29%57.22%59.32%-203 bps
Non-Interest Burden1.31%1.05%1.19%1.27%1.45%+14 bps
Growth
Asset Growth (YoY)15.29%18.56%20.81%4.57%2.00%-1,329 bps
Loan Growth (YoY)12.99%10.88%0.99%-7.07%-12.76%-2,574 bps
Deposit Growth (YoY)10.13%18.75%23.90%8.73%10.43%+30 bps
Asset Quality
Nonperforming Loans / Loans0.60%0.57%0.77%0.82%0.65%+5 bps
Net Charge-Offs / Loans0.08%0.05%-0.08%-0.05%-0.03%-12 bps
Allowance / Loans1.33%1.37%1.46%1.50%1.56%+23 bps
Allowance Coverage of NPLs2.2x2.4x1.9x1.8x2.4x+0.2x
Capital
Tier 1 Leverage Ratio10.97%10.88%10.56%10.66%10.90%-8 bps
Total Risk-Based Capital14.13%14.37%14.43%15.79%16.02%+188 bps
Equity / Assets11.67%11.64%10.55%11.76%11.97%+30 bps
Liquidity & Funding
Loans / Deposits92.33%85.31%74.97%77.08%72.94%-1,939 bps
Liquid Assets / Assets1.26%1.38%0.89%1.28%0.84%-41 bps
CRE / Total Capitaln/an/an/an/an/an/an/a