Hometown Bank, A Cooperative Bank in Webster, Massachusetts (MA)
Overview, Financial Summary, Detailed Financial Reports, Branches


Hometown Bank, A Cooperative Bank - Overview

  • General
  • FDIC Certificate #: 26523
    Status: Active
    Federal Reserve ID: 1004470
    Date Established: January 01, 1889
    WWW: http://www.hometowncoop.com
    Trust Powers Granted: Yes
    Bank Charter Class: Savings banks, state charter, supervised by the FDIC
    Offices: 5 (Domestic: 5, Interstate: No)
    FDIC's unique #: 33225
    Numeric code: 42
    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: Febuary 03, 1986
    Last Structure Change Effective Date: April 01, 2011
    Last Structure Change Process Date: April 11, 2011
    Last Data Update: April 11, 2011
    Data Source Date: April 05, 2012
  • Location
  • Address: 218 Main Street, Webster, MA 1570
    County: Worcester
    Quarterly Banking Profile Region: New York
    FDIC Geographic Region: New York
    FDIC Supervisory Region: New York
    FDIC Field Office: Springfield Ma
    Office of the Comptroller the Currency (OCC) District: Northeast
    Office of Thrift Supervision Region: Northeast
    Metropolitan Statistical Area (MSA): Worcester, MA-CT (#9240)
    Consolidated Metropolitan Statistical Area (CMSA): Boston-Worcester-Lawrence, MA-NH-ME-CT (#7)
    Combined Statistical Area (CSA): Boston-Worcester-Manchester, MA-RI-NH (#148)
    Core Based Statistical Area (CBSA): Worcester, MA (#49340)
    CBSA Metro Statistical Area: Worcester, MA (#49340)
  • History of Changes
  • Participated in Absorption/Consolidation/Merger
  • Financial Summary
  • Total assets: $301.7 mil
    Equity capital: $33.2 mil
    Deposits held in domestic offices: $250.6 mil
    Return on assets (ROA): 1.33% ($4.0 mil)
    Quarterly return on assets: 0.64% ($1.9 mil)
    Return on Equity (ROE): 12.25% ($4.0 mil)
    Quarterly return on equity: 5.90% ($1.9 mil)
    Net income: $3.6 mil
    Quarterly Net income: $0.5 mil
    Pretax return on assets: 1.91% ($5,763.0 mil)
    Quarterly Pretax return on assets: 1.14% ($3,439.7 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
  • 60Total employees (full-time equivalent)
  • $301,730Total assets
  • $9,677Cash and due from depository institutions
  • $5,781Interest-bearing balances
  • $19,649Securities
  • $2,159Federal funds sold & reverse repurchase agreements
  • $248,292Net loans & leases
  • $2,999Loan loss allowance
  • $0Trading account assets
  • $4,088Bank premises and fixed assets
  • $2,685Other real estate owned
  • $0Goodwill and other intangibles
  • $301,730Life insurance assets
  • $15,180All other assets
  • $268,553Total liabilities and capital
  • $250,644Total liabilities
  • $235,368Total deposits
  • $250,644Interest-bearing deposits
  • $82Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $17,399Trading liabilities
  • $0Other borrowed funds
  • $510Subordinated debt
  • $33,177All other liabilities
  • $33,177Total equity capital
  • $33,177Total bank equity capital
  • $0Perpetual preferred stock
  • $0Common stock
  • $1,313Surplus
  • $31,864Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $6,673Income earned, not collected on loans
  • $0Earning assets
  • $1,009Long-term assets (5+ years)
  • $275,881Average Assets, year-to-date
  • $106,889Average Assets, quarterly
  • $270,837Volatile liabilities
  • $303,482Insider loans
  • $208,786FHLB advances
  • $302,599Loans and leases held for sale
  • $6,465Unused loan commitments
  • $3,091Tier 1 (core) risk-based capital
  • $32,927Tier 2 risk-based capital
  • $292Total risk weighted assets
  • $3,082Total unused commitments
  • $29,760Restructured Loans and leases
  • $2,591Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $13,089Total interest income
  • $2,507Total interest expense
  • $10,582Net interest income
  • $1,042Provision for loan and lease losses
  • $2,986Total noninterest income
  • $9Fiduciary activities
  • $1,002Service charges on deposit accounts
  • $0Trading account gains & fees
  • $1,975Additional noninterest income
  • $7,357Total noninterest expense
  • $3,421Salaries and employee benefits
  • $566Premises and equipment expense
  • $3,370Additional noninterest expense
  • $5,169Pre-tax net operating income
  • $8Securities gains (losses)
  • $1,584Applicable income taxes
  • $3,593Income before extraordinary items
  • $0Extraordinary gains - net
  • $3,593Net income attributable to bank
  • $0Net charge-offs
  • $3,593Cash dividends
  • $792Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.22%Yield on earning assets
  • 1.00%Cost of funding earning assets
  • 4.22%Net interest margin
  • 1.19%Noninterest income to earning assets
  • 2.94%Noninterest expense to earning assets
  • 1.32%Net operating income to assets
  • 1.33%Return on assets (ROA)
  • 1.91%Pretax return on assets
  • 12.25%Return on equity (ROE)
  • 12.25%Retained earnings to average equity (YTD only)
  • 0.35%Net charge-offs to loans
  • 131.57%Credit loss provision to net charge-offs
  • 7.84%Efficiency ratio
  • 54,223Assets per employee
  • 5.03%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.19%Loss allowance to noncurrent loans
  • 44.94%Noncurrent assets plus other real estate owned to assets
  • 3.10%Noncurrent loans to loans
  • 2.66%Net loans and leases to deposits
  • 99.06%Net loans and leases to core deposits
  • 108.82%Equity capital to assets
  • 11.00%Core capital (leverage) ratio
  • 10.88%Tier 1 risk-based capital ratio
  • 15.77%Total risk-based capital ratio
  • Memoranda
  • $17Average assets
  • $270,837Average earning assets
  • $29,326Average equity
  • $250,612Average loans

Total Fiduciary and Related Assets (December 31, 2011)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $910Managed Assets
  • 1Number of Accounts
  • $910Personal trust and agency accounts
  • $910Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $0Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $0Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 210Number of Accounts
  • $0Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $0Corporate trust and agency accounts
  • $0Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices

List of branches

  • 5 Massachusetts Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    033225Hometown Bank, A Cooperative Bank218 Main Street, Webster, MA 1570January 01, 1889Full Service Brick and Mortar
    1362282Sturbridge Branch331 Main Stret, Sturbridge, MA 1566September 29, 2001Full Service Brick and Mortar
    2364208Oxford Branch31 Sutton Avenue, Oxford, MA 1540June 19, 2000Full Service Brick and Mortar
    339440Athol-Clinton Branch90 Exchange Street, Athol, MA 1331January 01, 1889Full Service Brick and Mortar
    4261516South Lancaster Branch131 Main Street, South Lancaster, MA 1561January 01, 1964Full Service Brick and Mortar

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