HomeTown Bank in Roanoke, Virginia (VA)



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HomeTown Bank
GeneralFDIC Certificate #: 58163
Status: Active
Federal Reserve ID: 3357910
Bank Holding Company (Regulatory Top Holder): Hometown Bankshares Corporation (RSSDID: 3848342, Location: Roanoke, VA)
Date Established: November 14, 2005
WWW: http://www.hometownbankva.com
Trust Powers Granted: No
Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
Offices: 5 (Domestic: 5, Interstate: No)
FDIC's unique #: 441067
Numeric code: 13
Regulator: FED
Insurance Fund Membership: Deposit Insurance Fund (DIF)
Insured commercial Banks: Yes
FDIC Insured: Yes
Deposit Insurance Fund member: Yes
Ownership Type: Non-Stock
FFIEC Call Report 31 Filer: No
State Chartered: Yes
Subchapter S Corporations: No
Asset Concentration Hierarchy: Commercial Lending Specialization
Date of Deposit Insurance: November 14, 2005
Last Structure Change Effective Date: January 07, 2010
Last Structure Change Process Date: August 04, 2010
Last Data Update: August 04, 2010
Data Source Date: April 05, 2012
LocationAddress: 202 South Jefferson Street, Roanoke, VA 24011
County: Roanoke City
Quarterly Banking Profile Region: Atlanta
FDIC Geographic Region: Atlanta
FDIC Supervisory Region: Atlanta
FDIC Field Office: Richmond
Office of the Comptroller the Currency (OCC) District: Northeast
Office of Thrift Supervision Region: Southeast
Metropolitan Statistical Area (MSA): Roanoke, VA (#6800)
Core Based Statistical Area (CBSA): Roanoke, VA (#40220)
CBSA Metro Statistical Area: Roanoke, VA (#40220)
Financial SummaryTotal assets: $361.2 mil
Equity capital: $30.8 mil
Deposits held in domestic offices: $309.9 mil
Return on assets (ROA): 0.55% ($2.0 mil)
Quarterly return on assets: 0.51% ($1.8 mil)
Return on Equity (ROE): 6.73% ($2.1 mil)
Quarterly return on equity: 6.06% ($1.9 mil)
Net income: $2.0 mil
Quarterly Net income: $0.5 mil
Pretax return on assets: 0.55% ($1,986.5 mil)
Quarterly Pretax return on assets: 0.51% ($1,842.0 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)78
Total assets$361,175
Cash and due from depository institutions$12,529
Interest-bearing balances$5,904
Securities$69,207
Federal funds sold & reverse repurchase agreements$10,363
Net loans & leases$245,100
Loan loss allowance $3,979
Trading account assets$170
Bank premises and fixed assets$9,525
Other real estate owned$9,562
Goodwill and other intangibles$0
All other assets$4,719
Life insurance assets$361,175
Total liabilities and capital$330,378
Total liabilities$309,928
Total deposits$280,814
Interest-bearing deposits$309,928
Deposits held in domestic offices$90
% insured (estimated)449.00%
Federal funds purchased & repurchase agreements $170
Trading liabilities$19,000
Other borrowed funds $0
Subordinated debt $831
All other liabilities $30,797
Total equity capital$30,797
Total bank equity capital$30,797
Perpetual preferred stock$0
Common stock$14,697
Surplus$24,171
Undivided profits $-8,071
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 $2,032
Earning assets $0
Long-term assets (5+ years) $1,372
Average Assets, year-to-date $330,744
Average Assets, quarterly $92,997
Volatile liabilities $356,780
Insider loans $360,318
FHLB advances $261,595
Loans and leases held for sale $357,988
Unused loan commitments $0
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $29,718
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $42,782
Derivatives$9,070
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $16,014
Total interest expense $4,334
Net interest income $11,680
Provision for loan and lease losses $1,222
Total noninterest income $381
Fiduciary activities $0
Service charges on deposit accounts $283
Trading account gains & fees $0
Additional noninterest income $98
Total noninterest expense $9,075
Salaries and employee benefits $4,753
Premises and equipment expense $1,077
Additional noninterest expense $3,245
Pre-tax net operating income $1,764
Securities gains (losses) $196
Applicable income taxes $0
Income before extraordinary items $1,960
Extraordinary gains - net $0
Net income attributable to bank $1,960
Net charge-offs $0
Cash dividends $1,960
Sale, conversion, retirement of capital stock, net $2,471
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 assets4.84%
Cost of funding earning assets 1.31%
Net interest margin 3.53%
Noninterest income to earning assets 0.12%
Noninterest expense to earning assets 2.74%
Net operating income to assets 0.49%
Return on assets (ROA) 0.55%
Pretax return on assets 0.55%
Return on equity (ROE) 6.73%
Retained earnings to average equity (YTD only) 6.73%
Net charge-offs to loans 0.96%
Credit loss provision to net charge-offs 49.45%
Efficiency ratio1.21%
Assets per employee$75,243
Cash dividends to net income (YTD only)4.63%
Condition Ratios (%)
Loss allowance to loans 0.00%
Loss allowance to noncurrent loans 1.60%
Noncurrent assets plus other real estate owned to assets 195.82%
Noncurrent loans to loans 3.21%
Net loans and leases to deposits0.82%
Net loans and leases to core deposits 79.08%
Equity capital to assets 86.82%
Core capital (leverage) ratio 8.53%
Tier 1 risk-based capital ratio 8.30%
Total risk-based capital ratio 11.36%
Memoranda
Average assets$13
Average earning assets$356,780
Average equity $29,141
Average loans $331,179
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5 Virginia Branches as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
0441067Hometown Bank202 South Jefferson Street, Roanoke, VA 24011November 14, 2005Full Service Brick and Mortar
1451395Moneta Branch13400 Booker T. Washington Highway, Moneta, VA 24121May 08, 2006Full Service Brick and Mortar
2465909South Roanoke Branch3521 Franklin Road Sw, Roanoke, VA 24014July 11, 2007Full Service Brick and Mortar
3466488Colonial Avenue At 419 Branch4225 Colonial Avenue, Roanoke, VA 24018March 22, 2007Full Service Brick and Mortar
4480308Newriver Bank A Branch Of Hometown B1540 Roanoke Street, Christiansburg, VA 24073June 19, 2008Full Service Brick and Mortar
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