rockwood bank

As a community-engaged financial institution, Rockwood Bank operates its financial activity smoothly and effectively. This bank started its operation for the financial development of the community people.

That’s why it offers different types of financial products and services for possible related financial aspects. This fully functional community bank is best for personal and business banking.

It is here to build strong relationships with the community people. Their operations make daily banking easier for everyone.

So, people can accomplish their financial mission through this bank along with its different types of products. Let’s find out more details about this bank below.

Picture: Rockwood Bank
Picture: Rockwood Bank

What Is Rockwood Bank?

In 1990, Rockwood bank was established in Eureka, Missouri. This is another community bank in the United States that offers different financial services as other banks do.

This is a subsidiary of Rockwood Bancshares, Inc. and a member of FDIC. With $0.29 million in assets, this bank is still doing its best in this sector.

From checking to savings, every type of product is best under the hood of this bank. This is a complete banking solution for people like us.

Picture: Know everything online
Picture: Know everything online
ParticularsRemarks
Banks Headquarters219 Thresher Drive, Eureka, Missouri, 63025
EstablishedFeb 5, 1990
Became FDIC InsuredFeb  5, 1990
Corporate Websitewww.rockwoodbank.com
Number of Branches4
U.S. Bank Branches4
Foreign Offices0
Bank ClassCommercial Bank, State Charter, and Fed nonmember, Supervised by the FDIC
Last Structure ChangeMarch 31, 2006
Bank SpecialtyCommercial, Lending
Bank Holding CompanyRockwood Bancshares, Inc.
State CharteredYes
Assets$238.047
Deposits$196185
Equity Capital$35855
Net Income$2131
FDIC Region12
FDIC Supervisory RegionKansas City
Primary RegulatorFDIC
Size51 to 200 employees
TypeCompany – Private, Banking, Financial Services
Operating StatusActive
Company TypeFor-Profit
FDIC InsuredYes
FDIC Certificate# 32745
Loans$174.72 million

How Much Good They are in Asset, Liabilities, Income, and Expenses?

We can know more details about the financial structure of this bank. For that, the crucial financial parameter valuation is important and we did the same thing. Check them all below.

Assets:

ParticularsRemarks
Cash & Balances due from depository institutions$ 7.63 million
Interest-bearing balances$ 4.69 million
Total securitiesN.A.
Federal funds sold and reverse repurchase$ 70.00 million
Net loans and leases$ 174.72 million
Loan loss allowance$ 0.04 million
Trading account assetsN.A.
Bank premises and fixed assetsN.A.
Other real estate owned$ 0.64 million
Goodwill and other intangibles$ 11.16 million
All other assets$ 11.74 million

Liabilities:

ParticularsRemarks
Total deposits$ 248.75 million
Interest-bearing deposits$ 155.58 million
Deposits held in domestic offices$ 248.75 million
% insured (estimated)84.83%
Federal funds purchased and repurchase agreementsN.A.
Trading liabilitiesN.A.
Other borrowed fundsN.A.
Subordinated debtN.A.
All other liabilities$ 0.46 million
Total Liabilities$ 249.21 million
Shareholders’ Equity$ 33.70 million

Income and Expenses:

ParticularsRemarks
Total Interest Income$ 2.35 million
Total Interest Expense$ 0.08 million
Net interest income$ 2.26 million
Provision for loan and lease lossesN.A.
Total non-interest income$ 0.66 million
Total non-interest expense$ 1.61 million
Pre-tax Net Operating Income$ 1.31 million

What Types of Products Does Rockwood Banks offer?

Most of the products of this bank are highly adjustable to our needs. To know what they are, you need to find them below.

Personal Banking:

  • No Strings Checking
  • Regular Checking
  • Preferred Checking
  • Personal Service Checking
  • Now Checking
  • Money Market
  • Savings
  • Certificates of Deposit
  • Health Savings Account
  • Re-Order Checks

Business Banking:

  • Small Business Checking Account
  • Business Checking
  • Business Money Market
  • Business Saving
  • Re-order Checks

Lending:

Mortgage:

  • Conventional Fixed-Rate
  • Adjustable-Rate
  • Jumbo Loans
  • Mortgage Refinancing
  • Self-Employed Loans
  • Construction Loans
  • Bridge Loans

Home Equity

Banking Services:

  • NetTeller
  • Mobile Banking
  • Mobile Deposit
  • eStatements
  • Sign Up
  • Sign In to eStatements
Picture: Choose your product wisely
Picture: Choose your product wisely

What About The Rates?

To know the current rate of their popular product you need a complete rate chart. We’ve found it and mentioned everything below.

CDs, with New Checking Account:

TermAPYInterest RateCompounded Method
7 Months.25%.245%Quarterly
11 Months.25%.245%Quarterly
14 Months.30%.295%Quarterly
18 Months.40%.395%Quarterly
24 Months.40%.395%Quarterly
36 Months.40%.395%Quarterly
60 Months.50%.495%Quarterly

Special Certificates of Deposit:

TermAPYInterest RateCompounded Method
7 Months.20%.195%Quarterly
14 Months.25%.245%Quarterly
24 Months.40%.395%Quarterly
36 Months.40%.395%Quarterly

Certificates of Deposit:

TermAPYInterest RateCompounded Method
7-29 Days.10%.100%Upon Maturity
30-89 Days.10%.100%Upon Maturity
90-181 Days.05%.05Quarterly
5 Months.05%.050%Upon Maturity
182 Days.10%.10%Quarterly
11 Months.20%.195%Quarterly
12 Months.25%.245%Quarterly
13 Months.25%.245%Quarterly
14 Months.20%.195%Quarterly
15 Months.25%.245%Quarterly
18 Months.30%.295%Quarterly
19 Months.20%.195%Quarterly
20 Months.20%.195%Quarterly
21 Months.25%.245%Quarterly
24 Months.40%.395%Quarterly
30 Months.25%.245%Quarterly
36 Months.25%.245%Quarterly
48 Months.40%.395%Quarterly
60 Months.40%.395%Quarterly

Savings and Checking Accounts:

Account TypeAPYInterest RateCompound Method
Variable Saving0.05%0.05%Calculated Daily, Compounded Semi-annually
NOW Checking.01%.005%Monthly

Money Market Accounts:

BalanceAPYInterest RateCompound Method
$0-$2,499.99.00%.000%Monthly
$2,500 – $9,999.99.01%.005%Monthly
$10,000 – $24,999.99.02%.015%Monthly
$25,000 – $49,999.99.04%.035%Monthly
$50,000 & Over,05%.045%Monthly
Picture: Make your investment secure
Picture: Make your investment secure

How To Compare The Rate with the National Average?

Notable RatesAPYVs. Others
SavingN/A1.11%
1 Year CDN/A2.12%
2 Year CDN/A2.80%
5 Year CDN/A3.03%
30 Year MortgageN/A2.81%
15 Year MortgageN/A2.36%
HELOCN/A2.79%

Rockwood Bank Open Hours & Holidays:

DayTime
Monday9.00 am to 5.00 Pm
Tuesday9.00 am to 5.00 Pm
Wednesday9.00 am to 5.00 Pm
Thursday9.00 am to 5.00 Pm
Friday9.00 am to 5.00 Pm
SaturdayHours Unavailable
SundayHours Unavailable

Conclusion:

As a great small town bank, Rockwood Bank is a friendly financial institution for the community people. It offers not only a wide range of services but also has the minimum rate and charges.

Even our investment will be in a much better position with their rate of return. For daily banking, right now this is the best place we’ve.

Here is a friendly atmosphere for general banking. Not only that, the business also got a shape with the help of this financial institution.

So, why not choose this bank to solve our financial needs. Our dream is now to perfect this extremely helpful place.

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