HomeTown Bank in Redwood Falls, Minnesota (MN)
Overview, Financial Summary, Detailed Financial Reports, Branches


  • HomeTown Bank in Redwood Falls, Minnesota (MN)
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HomeTown Bank - Overview

  • General
  • FDIC 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
  • Location
  • Address: 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 Changes
  • Change in Primary Regulatory Agency
  • Financial Summary
  • Total 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
  • 62Total employees (full-time equivalent)
  • $199,351Total assets
  • $12,690Cash and due from depository institutions
  • $7,838Interest-bearing balances
  • $41,510Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $127,599Net loans & leases
  • $1,774Loan loss allowance
  • $0Trading account assets
  • $6,592Bank premises and fixed assets
  • $554Other real estate owned
  • $4,216Goodwill and other intangibles
  • $199,352Life insurance assets
  • $6,190All other assets
  • $174,137Total liabilities and capital
  • $165,957Total liabilities
  • $133,334Total deposits
  • $165,957Interest-bearing deposits
  • $76Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $6,870Trading liabilities
  • $0Other borrowed funds
  • $1,310Subordinated debt
  • $25,215All other liabilities
  • $25,215Total equity capital
  • $25,215Total bank equity capital
  • $0Perpetual preferred stock
  • $10Common stock
  • $14,885Surplus
  • $10,320Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $1,469Income earned, not collected on loans
  • $0Earning assets
  • $1,282Long-term assets (5+ years)
  • $176,947Average Assets, year-to-date
  • $0Average Assets, quarterly
  • $186,295Volatile liabilities
  • $196,158Insider loans
  • $137,748FHLB advances
  • $194,092Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $20,377Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $28,647Restructured Loans and leases
  • $434Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $9,041Total interest income
  • $1,300Total interest expense
  • $7,741Net interest income
  • $1,071Provision for loan and lease losses
  • $2,229Total noninterest income
  • $0Fiduciary activities
  • $0Service charges on deposit accounts
  • $0Trading account gains & fees
  • $2,229Additional noninterest income
  • $6,019Total noninterest expense
  • $3,771Salaries and employee benefits
  • $961Premises and equipment expense
  • $1,287Additional noninterest expense
  • $2,880Pre-tax net operating income
  • $0Securities gains (losses)
  • $1,035Applicable income taxes
  • $1,845Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,845Net income attributable to bank
  • $0Net charge-offs
  • $1,845Cash dividends
  • $819Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.45%Yield on earning assets
  • 0.78%Cost of funding earning assets
  • 4.66%Net interest margin
  • 1.34%Noninterest income to earning assets
  • 3.63%Noninterest expense to earning assets
  • 0.99%Net operating income to assets
  • 0.99%Return on assets (ROA)
  • 1.55%Pretax return on assets
  • 8.27%Return on equity (ROE)
  • 8.27%Retained earnings to average equity (YTD only)
  • 0.63%Net charge-offs to loans
  • 130.77%Credit loss provision to net charge-offs
  • 4.82%Efficiency ratio
  • 60,371Assets per employee
  • 3.22%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.37%Loss allowance to noncurrent loans
  • 120.76%Noncurrent assets plus other real estate owned to assets
  • 1.01%Noncurrent loans to loans
  • 1.14%Net loans and leases to deposits
  • 76.89%Net loans and leases to core deposits
  • 77.03%Equity capital to assets
  • 12.65%Core capital (leverage) ratio
  • 10.50%Tier 1 risk-based capital ratio
  • 14.79%Total risk-based capital ratio
  • Memoranda
  • $16Average assets
  • $186,295Average earning assets
  • $22,318Average equity
  • $165,960Average loans

List of branches

  • 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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