Home Federal Savings Bank in Rochester, Minnesota (MN), IA



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Home Federal Savings Bank
GeneralFDIC Certificate #: 29042
Status: Active
Federal Reserve ID: 796572
Date Established: July 01, 1934
WWW: http://www.justcallhome.com
Trust Powers Granted: No
Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
Offices: 14 (Domestic: 14, Interstate: Yes)
OTS Docket #: 2818
FDIC's unique #: 41876
Numeric code: 37
Regulator: OCC
Insurance Fund Membership: Deposit Insurance Fund (DIF)
FDIC Insured: Yes
Insured Savings Institution: Yes
Deposit Insurance Fund member: Yes
Ownership Type: Non-Stock
FFIEC Call Report 31 Filer: No
State Chartered: No
Subchapter S Corporations: No
Asset Concentration Hierarchy: Commercial Lending Specialization
Date of Deposit Insurance: October 11, 1934
Last Structure Change Effective Date: July 21, 2011
Last Structure Change Process Date: July 21, 2011
Last Data Update: July 21, 2011
Data Source Date: April 05, 2012
LocationAddress: 1016 Civic Center Drive, Rochester, MN 55901
County: Olmsted
Quarterly Banking Profile Region: Kansas City
FDIC Geographic Region: Kansas City
FDIC Supervisory Region: Kansas City
FDIC Field Office: Minneapolis
Office of the Comptroller the Currency (OCC) District: Central
Office of Thrift Supervision Region: West
Metropolitan Statistical Area (MSA): Rochester, MN (#6820)
Core Based Statistical Area (CBSA): Rochester, MN (#40340)
CBSA Metro Statistical Area: Rochester, MN (#40340)
History of ChangesChange in Primary Regulatory Agency
Financial SummaryTotal assets: $790.1 mil
Equity capital: $57.5 mil
Deposits held in domestic offices: $657.4 mil
Return on assets (ROA): -1.26% (-$10.0 mil)
Quarterly return on assets: -3.66% (-$28.9 mil)
Return on Equity (ROE): -16.11% (-$9.2 mil)
Quarterly return on equity: -48.01% (-$27.4 mil)
Net income: -$10.5 mil
Quarterly Net income: -$7.4 mil
Pretax return on assets: -1.26% (-$9,955.7 mil)
Quarterly Pretax return on assets: -3.66% (-$28,919.0 mil)

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

2000 - 2011 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Historical total employees (full-time equivalent)

Assets and Liabilities (December 31, 2011)
(Dollar figures in thousands)
Total employees (full-time equivalent)205
Total assets$790,137
Cash and due from depository institutions$67,865
Interest-bearing balances$64,293
Securities$126,113
Federal funds sold & reverse repurchase agreements$0
Net loans & leases$560,386
Loan loss allowance $23,887
Trading account assets$0
Bank premises and fixed assets$8,384
Other real estate owned$16,616
Goodwill and other intangibles$1,485
All other assets$9,288
Life insurance assets$790,137
Total liabilities and capital$732,683
Total liabilities$657,371
Total deposits$525,933
Interest-bearing deposits$657,371
Deposits held in domestic offices$92
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$71,400
Other borrowed funds $0
Subordinated debt $3,912
All other liabilities $57,454
Total equity capital$57,454
Total bank equity capital$57,454
Perpetual preferred stock$0
Common stock$10
Surplus$55,602
Undivided profits $1,842
Memoranda
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $0
Income earned, not collected on loans $33,994
Earning assets $612
Long-term assets (5+ years) $2,410
Average Assets, year-to-date $750,792
Average Assets, quarterly $0
Volatile liabilities $835,052
Insider loans $804,237
FHLB advances $586,033
Loans and leases held for sale $788,997
Unused loan commitments $0
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $56,314
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $89,578
Derivatives$4,050
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $39,739
Total interest expense $11,140
Net interest income $28,599
Provision for loan and lease losses $17,278
Total noninterest income -$1,981
Fiduciary activities $0
Service charges on deposit accounts $1,988
Trading account gains & fees $0
Additional noninterest income -$3,969
Total noninterest expense $19,851
Salaries and employee benefits $13,290
Premises and equipment expense $5,059
Additional noninterest expense $1,502
Pre-tax net operating income -$10,511
Securities gains (losses) $0
Applicable income taxes $0
Income before extraordinary items -$10,511
Extraordinary gains - net $0
Net income attributable to bank -$10,511
Net charge-offs $0
Cash dividends -$10,511
Sale, conversion, retirement of capital stock, net $11,229
Net operating income $0
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets5.10%
Cost of funding earning assets 1.43%
Net interest margin 3.67%
Noninterest income to earning assets -0.25%
Noninterest expense to earning assets 2.55%
Net operating income to assets -1.26%
Return on assets (ROA) -1.26%
Pretax return on assets -1.26%
Return on equity (ROE) -16.11%
Retained earnings to average equity (YTD only) -16.11%
Net charge-offs to loans 1.78%
Credit loss provision to net charge-offs 153.87%
Efficiency ratio0.60%
Assets per employee$74,577
Cash dividends to net income (YTD only)3.85%
Condition Ratios (%)
Loss allowance to loans 0.00%
Loss allowance to noncurrent loans 4.09%
Noncurrent assets plus other real estate owned to assets 70.27%
Noncurrent loans to loans 6.41%
Net loans and leases to deposits5.82%
Net loans and leases to core deposits 85.25%
Equity capital to assets 97.88%
Core capital (leverage) ratio 7.27%
Tier 1 risk-based capital ratio 7.14%
Total risk-based capital ratio 9.61%
Memoranda
Average assets$11
Average earning assets$835,052
Average equity $65,248
Average loans $779,336
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2 Iowa Branches as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
104409259 Marshalltown Branch303 West Main Street, Marshalltown, IA 50158January 01, 1908Full Service Brick and Mortar
10846420910 Toledo Branch1301 South County Road, Toledo, IA 52342June 22, 2007Full Service Brick and Mortar
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12 Minnesota Branches as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
041876Home Federal Savings Bank1016 Civic Center Drive, Rochester, MN 55901July 01, 1934Full Service Brick and Mortar
12725332 Austin Branch201 Oakland Avenue West, Austin, MN 55912July 01, 1934Full Service Brick and Mortar
42725365 La Crescent Branch208 South Walnut Street, La Crescent, MN 55947July 01, 1934Full Service Brick and Mortar
102410877 Albert Lea Branch143 West Clark Street, Albert Lea, MN 56007January 01, 1887Full Service Brick and Mortar
1072725391 Spring Valley Branch715 North Broadway, Spring Valley, MN 55975Febuary 23, 1998Full Service Brick and Mortar
10946421015 Edina Branch5201 Eden Avenue, Suite 170, Edina, MN 55436June 22, 2007Full Service Brick and Mortar
11046421117 Rochester - 1st Ave Branch100 1st Avenue Sw Ste 200, Rochester, MN 55902June 22, 2007Full Service Brick and Mortar
1114642123 Rochester - S Broadway Branch1201 South Broadway, Rochester, MN 55901June 22, 2007Full Service Brick and Mortar
11246421313 Rochester - 55th Street Branch3900 55th Street Nw, Rochester, MN 55901June 22, 2007Full Service Brick and Mortar
1144642154 Winona Branch175 Center Street, Winona, MN 55987June 22, 2007Full Service Brick and Mortar
11549197519 Eagan Branch2805 Dodd Road Ste 160, Eagan, MN 55121August 07, 2007Full Service Brick and Mortar
11649513820 Rochester - Superior Dr Branch2048 Superior Drive, Nw Ste 400, Rochester, MN 55901August 05, 2008Full Service Brick and Mortar
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