Mound City Bank, Financial Information

AboutMound City Bank

 Address:
25 East Pine Street
Platteville,WI
Grant County,Wisconsin
 Established:
Feb 1915
 Number of domestic offices:
6
Agriculture bank
Total assets$420M
Net income$5M
Net income,quarterly$1M
Total deposits$358M
Domestic deposits$358M
Equity capital$48M
ROA1.23%
ROAQ,quarterly0.68%
ROA,pretax0.68%
ROAQ,quarterly,pretax0.9%
ROE10.98%
ROEQ,quarterly6.07%
UpdatedMay 20, 2021

Terms and Definitions

  • Domestic deposits
    The sum of all domestic deposits, including demand deposits, money market deposits and time deposits.
  • Equity capital
    Total equity capital (includes preferred and common stock, surplus and undivided profits).
  • ROA
    Return on assets, net income after taxes and extraordinary items (annualized) as a percent of average total assets.
  • ROE
    Return on equity, annualized net income as a percent of average equity on a consolidated basis.

Mound City Bank began operations as a state-chartered bank on February 18, 1915 in Platteville, WI. The Main Office in Platteville continued to grow and in 1995, the bank constructed a new 4 lane motor branch for convenient drive-up banking, drive-up ATM services, and a community room. In 1996, the Main Office doubled its previous size affording the space to provide new and non-traditional banking services to its ever-growing customer base.

Mound City Bank shareholders approved the formation of Mound City Financial Services, Inc., a one-bank holding company in 1997. The holding company formation increases the bank's options for continued growth and expansion of its current products and services as well as the development of new non-traditional products, and the expansion of its market area. With the vision of market growth along the Highway 151 corridor, the Mount Horeb Branch was established in 2007 along with a Mineral Point Branch in 2008.

Mound City Bank has come a long way from its humble beginnings as a $55,000 total asset bank in 1915. Today with assets of over $260 million, five full-service locations and over 65 full-time equivalent employees.