HomeTown Bank in Redwood Falls, Minnesota (MN)



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HomeTown Bank
GeneralFDIC Certificate #: 31028
Status: Active
Federal Reserve ID: 788773
Date Established: January 01, 1924
WWW: http://www.htbmn.com
Trust Powers Granted: No
Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
Offices: 8 (Domestic: 8, Interstate: No)
OTS Docket #: 6278
FDIC's unique #: 43862
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: September 22, 1958
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: 1000 East Cook St, Redwood Falls, MN 56283
County: Redwood
Quarterly Banking Profile Region: Kansas City
FDIC Geographic Region: Kansas City
FDIC Supervisory Region: Kansas City
FDIC Field Office: Mankato
Office of the Comptroller the Currency (OCC) District: Central
Office of Thrift Supervision Region: West
History of ChangesChange in Primary Regulatory Agency
Financial SummaryTotal assets: $199.4 mil
Equity capital: $25.2 mil
Deposits held in domestic offices: $166.0 mil
Return on assets (ROA): 0.99% ($2.0 mil)
Quarterly return on assets: 1.02% ($2.0 mil)
Return on Equity (ROE): 8.27% ($2.1 mil)
Quarterly return on equity: 8.03% ($2.0 mil)
Net income: $1.8 mil
Quarterly Net income: $0.5 mil
Pretax return on assets: 1.55% ($3,089.9 mil)
Quarterly Pretax return on assets: 1.76% ($3,508.6 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)62
Total assets$199,351
Cash and due from depository institutions$12,690
Interest-bearing balances$7,838
Securities$41,510
Federal funds sold & reverse repurchase agreements$0
Net loans & leases$127,599
Loan loss allowance $1,774
Trading account assets$0
Bank premises and fixed assets$6,592
Other real estate owned$554
Goodwill and other intangibles$4,216
All other assets$6,190
Life insurance assets$199,352
Total liabilities and capital$174,137
Total liabilities$165,957
Total deposits$133,334
Interest-bearing deposits$165,957
Deposits held in domestic offices$76
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$6,870
Other borrowed funds $0
Subordinated debt $1,310
All other liabilities $25,215
Total equity capital$25,215
Total bank equity capital$25,215
Perpetual preferred stock$0
Common stock$10
Surplus$14,885
Undivided profits $10,320
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 $1,469
Earning assets $0
Long-term assets (5+ years) $1,282
Average Assets, year-to-date $176,947
Average Assets, quarterly $0
Volatile liabilities $186,295
Insider loans $196,158
FHLB advances $137,748
Loans and leases held for sale $194,092
Unused loan commitments $0
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $20,377
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $28,647
Derivatives$434
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $9,041
Total interest expense $1,300
Net interest income $7,741
Provision for loan and lease losses $1,071
Total noninterest income $2,229
Fiduciary activities $0
Service charges on deposit accounts $0
Trading account gains & fees $0
Additional noninterest income $2,229
Total noninterest expense $6,019
Salaries and employee benefits $3,771
Premises and equipment expense $961
Additional noninterest expense $1,287
Pre-tax net operating income $2,880
Securities gains (losses) $0
Applicable income taxes $1,035
Income before extraordinary items $1,845
Extraordinary gains - net $0
Net income attributable to bank $1,845
Net charge-offs $0
Cash dividends $1,845
Sale, conversion, retirement of capital stock, net $819
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 assets5.45%
Cost of funding earning assets 0.78%
Net interest margin 4.66%
Noninterest income to earning assets 1.34%
Noninterest expense to earning assets 3.63%
Net operating income to assets 0.99%
Return on assets (ROA) 0.99%
Pretax return on assets 1.55%
Return on equity (ROE) 8.27%
Retained earnings to average equity (YTD only) 8.27%
Net charge-offs to loans 0.63%
Credit loss provision to net charge-offs 130.77%
Efficiency ratio4.82%
Assets per employee$60,371
Cash dividends to net income (YTD only)3.22%
Condition Ratios (%)
Loss allowance to loans 0.00%
Loss allowance to noncurrent loans 1.37%
Noncurrent assets plus other real estate owned to assets 120.76%
Noncurrent loans to loans 1.01%
Net loans and leases to deposits1.14%
Net loans and leases to core deposits 76.89%
Equity capital to assets 77.03%
Core capital (leverage) ratio 12.65%
Tier 1 risk-based capital ratio 10.50%
Total risk-based capital ratio 14.79%
Memoranda
Average assets$16
Average earning assets$186,295
Average equity $22,318
Average loans $165,960
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8 Minnesota Branches as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
043862Hometown Bank1000 East Cook St, Redwood Falls, MN 56283January 01, 1924Full Service Brick and Mortar
24642181115 West Lincoln Branch1115 West Lincoln Avenue, Olivia, MN 56277June 22, 2007Full Service Brick and Mortar
3218113Henderson Branch409 Main Street, Henderson, MN 56044September 15, 1997Full Service Brick and Mortar
49384St. Peter Branch102 South Third Street, St. Peter, MN 56082January 01, 1931Full Service Brick and Mortar
5232651Cleveland Branch326 Broadway, Cleveland, MN 56017June 03, 1996Full Service Brick and Mortar
6266747Le Sueur Branch309 N. Main St., Le Sueur, MN 56058January 01, 1923Full Service Brick and Mortar
7431495Jordan Branch101 Creek Lane S, Jordan, MN 55352July 01, 2004Full Service Brick and Mortar
8520571Redwood Falls - Downtown301 S Washington St, Redwood Falls, MN 56283September 08, 2008
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