Hometown Bank in Kent, Ohio (OH)
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| Hometown Bank | |
|---|---|
| General | FDIC 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 |
| Location | Address: 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 Changes | Name Change |
| Financial Summary | Total 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) |
| 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 |
| 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 |
| Performance and Condition Ratios (December 31, 2011) (Dollar figures in thousands) | |
| Performance Ratios (%, annualized) | |
| Yield on earning assets | 5.42% |
| 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 ratio | 6.42% |
| 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 deposits | 2.17% |
| 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 |
| 5 Ohio Branches as of April 05, 2012 | ||||||
| No | ID | Name | Address | Established | Service Type | Map |
|---|---|---|---|---|---|---|
| 0 | 43053 | Hometown Bank | 142 North Water Street, Kent, OH 44240 | January 01, 1898 | Full Service Brick and Mortar |  |
| 1 | 279177 | Water Street Drive-Thru Branch | 203 North Water Street, Kent, OH 44240 | October 01, 1980 | Limited Service Facility |  |
| 3 | 279179 | Brimfield Township Branch | 4023 State Route 43, Brimfield Township, OH 44240 | June 26, 1996 | Full Service Brick and Mortar | |
| 5 | 476947 | Courier Service | 142 North Water Street, Kent, OH 44240 | June 16, 2008 | Limited Service Messenger | |
| 6 | 485241 | Ravenna Branch | 100 East Main Street, Ravenna, OH 44266 | December 15, 2008 | Full Service Brick and Mortar | |
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