Hometown Bank in Kent, Ohio (OH)



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Hometown Bank
GeneralFDIC Certificate #: 30219
Status: Active
Federal Reserve ID: 940674
Bank Holding Company (Regulatory Top Holder): Hometown Bancorp, Inc. (RSSDID: 3311202, Location: Kent, OH)
Date Established: January 01, 1898
WWW: http://www.homesavingsbnk.com
Trust Powers Granted: No
Bank Charter Class: Savings banks, state charter, supervised by the FDIC
Offices: 5 (Domestic: 5, Interstate: No)
OTS Docket #: 4984
FDIC's unique #: 43053
Numeric code: 41
Regulator: FDIC
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: Yes
Subchapter S Corporations: No
Asset Concentration Hierarchy: Commercial Lending Specialization
Date of Deposit Insurance: December 29, 1943
Last Structure Change Effective Date: January 23, 2012
Last Structure Change Process Date: January 26, 2012
Last Data Update: January 26, 2012
Data Source Date: April 05, 2012
LocationAddress: 142 North Water Street, Kent, OH 44240
County: Portage
Quarterly Banking Profile Region: Chicago
FDIC Geographic Region: Chicago
FDIC Supervisory Region: Chicago
FDIC Field Office: Columbus
Office of the Comptroller the Currency (OCC) District: Central
Office of Thrift Supervision Region: Central
Metropolitan Statistical Area (MSA): Akron, OH (#80)
Consolidated Metropolitan Statistical Area (CMSA): Cleveland-Akron, OH (#28)
Combined Statistical Area (CSA): Cleveland-Akron-Elyria, OH (#184)
Core Based Statistical Area (CBSA): Akron, OH (#10420)
CBSA Metro Statistical Area: Akron, OH (#10420)
History of ChangesName Change
Financial SummaryTotal assets: $150.2 mil
Equity capital: $11.4 mil
Deposits held in domestic offices: $124.8 mil
Return on assets (ROA): 0.78% ($1.2 mil)
Quarterly return on assets: 0.89% ($1.3 mil)
Return on Equity (ROE): 10.42% ($1.1 mil)
Quarterly return on equity: 11.70% ($1.3 mil)
Net income: $1.1 mil
Quarterly Net income: $0.3 mil
Pretax return on assets: 1.15% ($1,727.4 mil)
Quarterly Pretax return on assets: 1.30% ($1,952.7 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)45
Total assets$150,205
Cash and due from depository institutions$6,501
Interest-bearing balances$5,568
Securities$11,956
Federal funds sold & reverse repurchase agreements$0
Net loans & leases$122,757
Loan loss allowance $856
Trading account assets$0
Bank premises and fixed assets$2,527
Other real estate owned$629
Goodwill and other intangibles$282
All other assets$5,553
Life insurance assets$150,205
Total liabilities and capital$138,787
Total liabilities$124,793
Total deposits$105,480
Interest-bearing deposits$124,793
Deposits held in domestic offices$94
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$11,110
Other borrowed funds $0
Subordinated debt $2,884
All other liabilities $11,418
Total equity capital$11,418
Total bank equity capital$11,418
Perpetual preferred stock$0
Common stock$165
Surplus$3,391
Undivided profits $7,862
Memoranda
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $292
Income earned, not collected on loans $2,688
Earning assets $0
Long-term assets (5+ years) $576
Average Assets, year-to-date $140,281
Average Assets, quarterly $43,416
Volatile liabilities $146,985
Insider loans $149,446
FHLB advances $111,883
Loans and leases held for sale $147,368
Unused loan commitments $2,511
Tier 1 (core) risk-based capital $2,511
Tier 2 risk-based capital $11,418
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $13,507
Derivatives$1,902
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $7,428
Total interest expense $1,241
Net interest income $6,187
Provision for loan and lease losses $445
Total noninterest income $887
Fiduciary activities $0
Service charges on deposit accounts $259
Trading account gains & fees $0
Additional noninterest income $628
Total noninterest expense $4,923
Salaries and employee benefits $2,807
Premises and equipment expense $587
Additional noninterest expense $1,529
Pre-tax net operating income $1,706
Securities gains (losses) -$11
Applicable income taxes $554
Income before extraordinary items $1,141
Extraordinary gains - net $0
Net income attributable to bank $1,141
Net charge-offs $0
Cash dividends $1,141
Sale, conversion, retirement of capital stock, net $335
Net operating income $560
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets5.42%
Cost of funding earning assets 0.91%
Net interest margin 4.51%
Noninterest income to earning assets 0.65%
Noninterest expense to earning assets 3.59%
Net operating income to assets 0.78%
Return on assets (ROA) 0.78%
Pretax return on assets 1.15%
Return on equity (ROE) 10.42%
Retained earnings to average equity (YTD only) 5.31%
Net charge-offs to loans 0.29%
Credit loss provision to net charge-offs 132.84%
Efficiency ratio6.42%
Assets per employee$69,593
Cash dividends to net income (YTD only)3.34%
Condition Ratios (%)
Loss allowance to loans 49.08%
Loss allowance to noncurrent loans 0.69%
Noncurrent assets plus other real estate owned to assets 31.85%
Noncurrent loans to loans 2.21%
Net loans and leases to deposits2.17%
Net loans and leases to core deposits 98.37%
Equity capital to assets 107.76%
Core capital (leverage) ratio 7.60%
Tier 1 risk-based capital ratio 7.75%
Total risk-based capital ratio 10.21%
Memoranda
Average assets$11
Average earning assets$146,985
Average equity $10,952
Average loans $137,111
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5 Ohio Branches as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
043053Hometown Bank142 North Water Street, Kent, OH 44240January 01, 1898Full Service Brick and Mortar
1279177Water Street Drive-Thru Branch203 North Water Street, Kent, OH 44240October 01, 1980Limited Service Facility
3279179Brimfield Township Branch4023 State Route 43, Brimfield Township, OH 44240June 26, 1996Full Service Brick and Mortar
5476947Courier Service142 North Water Street, Kent, OH 44240June 16, 2008Limited Service Messenger
6485241Ravenna Branch100 East Main Street, Ravenna, OH 44266December 15, 2008Full Service Brick and Mortar
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