FDIC Certificate #: 29178 Status: Inactive Federal Reserve ID: 833673 Date Established: September 01, 1934 WWW:http://www.homesavingsofamerica.com Trust Powers Granted: No Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS) Offices: 4 (Domestic: 4, Interstate: Yes) OTS Docket #: 3052 FDIC's unique #: 42012 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: Mortgage Lending Specialization Date of Deposit Insurance: October 26, 1934 Last Structure Change Effective Date: Febuary 24, 2012 Last Structure Change Process Date: Febuary 27, 2012 Last Data Update: Febuary 27, 2012 Data Source Date: April 05, 2012
Location
Address: 35 East Broadway, Little Falls, MN 56345 County: Morrison 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
History of Changes
Financial Difficulty - Payoff
Financial Summary
Total assets: $434.1 mil Equity capital: -$6.6 mil Deposits held in domestic offices: $432.2 mil Return on assets (ROA): -5.95% (-$25.8 mil) Quarterly return on assets: -6.53% (-$28.3 mil) Return on Equity (ROE): -206.67% ($14.5 mil) Net income: -$26.3 mil Quarterly Net income: -$7.0 mil Pretax return on assets: -6.78% (-$29,432.7 mil) Quarterly Pretax return on assets: -6.49% (-$28,173.8 mil)
1992 - 1999 Historical total assets, liabilities and capital ($ 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
709Total employees (full-time equivalent)
$434,111Total assets
$45,505Cash and due from depository institutions
$41,875Interest-bearing balances
$2,028Securities
$0Federal funds sold & reverse repurchase agreements
$336,742Net loans & leases
$4,509Loan loss allowance
$0Trading account assets
$2,390Bank premises and fixed assets
$37,467Other real estate owned
$3,250Goodwill and other intangibles
$434,111Life insurance assets
$6,729All other assets
$440,724Total liabilities and capital
$432,223Total liabilities
$423,361Total deposits
$432,223Interest-bearing deposits
$98Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$5,299Trading liabilities
$0Other borrowed funds
$3,202Subordinated debt
$-6,613All other liabilities
$-6,613Total equity capital
$-6,613Total bank equity capital
$0Perpetual preferred stock
$10Common stock
$21,458Surplus
$-28,081Undivided profits
Memoranda
$0Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$13,255Income earned, not collected on loans
$1,103Earning assets
$812Long-term assets (5+ years)
$380,645Average Assets, year-to-date
$0Average Assets, quarterly
$442,025Volatile liabilities
$431,266Insider loans
$212,360FHLB advances
$431,018Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$-9,706Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$73,466Restructured Loans and leases
$2Derivatives
Income and Expense (December 31, 2011)
Dollar figures in thousands
$11,696Total interest income
$4,851Total interest expense
$6,845Net interest income
$6,444Provision for loan and lease losses
$62,612Total noninterest income
$0Fiduciary activities
$7Service charges on deposit accounts
-$2,852Trading account gains & fees
$65,457Additional noninterest income
$92,961Total noninterest expense
$48,900Salaries and employee benefits
$5,668Premises and equipment expense
$38,393Additional noninterest expense
-$29,948Pre-tax net operating income
$0Securities gains (losses)
-$3,669Applicable income taxes
-$26,279Income before extraordinary items
$0Extraordinary gains - net
-$26,279Net income attributable to bank
$0Net charge-offs
-$26,279Cash dividends
$3,426Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2011)
Dollar figures in thousands
Performance Ratios (%, annualized)
3.13%Yield on earning assets
1.30%Cost of funding earning assets
1.83%Net interest margin
16.76%Noninterest income to earning assets
24.89%Noninterest expense to earning assets
-5.95%Net operating income to assets
-5.95%Return on assets (ROA)
-6.78%Pretax return on assets
-206.67%Return on equity (ROE)
-206.67%Retained earnings to average equity (YTD only)
1.13%Net charge-offs to loans
188.09%Credit loss provision to net charge-offs
-6.86%Efficiency ratio
133,314Assets per employee
0.61%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.32%Loss allowance to noncurrent loans
34.02%Noncurrent assets plus other real estate owned to assets
11.68%Noncurrent loans to loans
3.88%Net loans and leases to deposits
77.91%Net loans and leases to core deposits
82.66%Equity capital to assets
-1.52%Core capital (leverage) ratio
-2.25%Tier 1 risk-based capital ratio
-4.57%Total risk-based capital ratio
Memoranda
-$5Average assets
$442,025Average earning assets
$12,716Average equity
$373,541Average loans
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