Hometown Bank of Corbin, Inc. in Corbin, Kentucky (KY)

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Hometown Bank of Corbin, Inc. routing number info

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Hometown Bank of Corbin, Inc.
GeneralFDIC Certificate #: 35455
Status: Active
Federal Reserve ID: 2897633
Bank Holding Company (Regulatory Top Holder): Hometown Bancshares, Inc. (RSSDID: 2955300, Location: Corbin, KY)
Date Established: April 03, 2000
WWW: http://www.ahometownbank.com
Trust Powers Granted: No
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 5 (Domestic: 5, Interstate: No)
FDIC's unique #: 80233
Numeric code: 21
Regulator: FDIC
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: April 03, 2000
Last Structure Change Effective Date: May 01, 2006
Last Structure Change Process Date: May 01, 2006
Last Data Update: May 01, 2006
Data Source Date: April 05, 2012
LocationAddress: 1030 Cumberland Falls Hwy, Corbin, KY 40702
County: Whitley
Quarterly Banking Profile Region: Chicago
FDIC Geographic Region: Chicago
FDIC Supervisory Region: Chicago
FDIC Field Office: Lexington
Office of the Comptroller the Currency (OCC) District: Central
Office of Thrift Supervision Region: Southeast
Combined Statistical Area (CSA): Corbin-London, KY (#202)
Core Based Statistical Area (CBSA): Corbin, KY (#18340)
CBSA Micro Statistical Area: Yes
History of ChangesChange in Location
Name Change
Financial SummaryTotal assets: $128.1 mil
Equity capital: $12.4 mil
Deposits held in domestic offices: $105.8 mil
Return on assets (ROA): 0.47% ($0.6 mil)
Quarterly return on assets: 0.37% ($0.5 mil)
Return on Equity (ROE): 5.09% ($0.6 mil)
Quarterly return on equity: 3.86% ($0.5 mil)
Net income: $0.6 mil
Quarterly Net income: $0.1 mil
Pretax return on assets: 0.68% ($870.9 mil)
Quarterly Pretax return on assets: 0.47% ($601.9 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)51
Total assets$128,072
Cash and due from depository institutions$6,921
Interest-bearing balances$4,662
Federal funds sold & reverse repurchase agreements$6,150
Net loans & leases$89,919
Loan loss allowance $1,400
Trading account assets$0
Bank premises and fixed assets$3,737
Other real estate owned$2,018
Goodwill and other intangibles$0
All other assets$1,997
Life insurance assets$128,072
Total liabilities and capital$115,663
Total liabilities$105,789
Total deposits$86,578
Interest-bearing deposits$105,789
Deposits held in domestic offices$94
% insured (estimated)4402.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$5,000
Other borrowed funds $0
Subordinated debt $472
All other liabilities $12,409
Total equity capital$12,409
Total bank equity capital$12,409
Perpetual preferred stock$0
Common stock$594
Undivided profits $2,126
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 $2,299
Earning assets $216
Long-term assets (5+ years) $532
Average Assets, year-to-date $118,061
Average Assets, quarterly $67,038
Volatile liabilities $129,545
Insider loans $128,237
FHLB advances $91,568
Loans and leases held for sale $128,426
Unused loan commitments $0
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $12,142
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $7,372
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $6,252
Total interest expense $892
Net interest income $5,360
Provision for loan and lease losses $366
Total noninterest income $1,008
Fiduciary activities $0
Service charges on deposit accounts $723
Trading account gains & fees $0
Additional noninterest income $285
Total noninterest expense $5,223
Salaries and employee benefits $2,235
Premises and equipment expense $710
Additional noninterest expense $2,278
Pre-tax net operating income $779
Securities gains (losses) $106
Applicable income taxes $278
Income before extraordinary items $607
Extraordinary gains - net $0
Net income attributable to bank $607
Net charge-offs $0
Cash dividends $607
Sale, conversion, retirement of capital stock, net $191
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 assets5.30%
Cost of funding earning assets 0.76%
Net interest margin 4.54%
Noninterest income to earning assets 0.85%
Noninterest expense to earning assets 4.42%
Net operating income to assets 0.41%
Return on assets (ROA) 0.47%
Pretax return on assets 0.68%
Return on equity (ROE) 5.09%
Retained earnings to average equity (YTD only) 5.09%
Net charge-offs to loans 0.21%
Credit loss provision to net charge-offs 191.62%
Efficiency ratio5.99%
Assets per employee$82,019
Cash dividends to net income (YTD only)2.51%
Condition Ratios (%)
Loss allowance to loans 0.00%
Loss allowance to noncurrent loans 1.53%
Noncurrent assets plus other real estate owned to assets 60.90%
Noncurrent loans to loans 3.37%
Net loans and leases to deposits2.52%
Net loans and leases to core deposits 85.00%
Equity capital to assets 86.49%
Core capital (leverage) ratio 9.69%
Tier 1 risk-based capital ratio 9.45%
Total risk-based capital ratio 13.26%
Average assets$15
Average earning assets$129,545
Average equity $11,928
Average loans $118,052
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5 Kentucky Branches as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
080233Hometown Bank Of Corbin, Inc.1030 Cumberland Falls Hwy, Corbin, KY 40702April 03, 2000Full Service Brick and Mortar
1362304Master Street Branch501 Master Street, Corbin, KY 40701September 04, 2001Full Service Brick and Mortar
2452975Oak Grove Branch3779 Cumberland Falls Hwy, Corbin, KY 40701June 19, 2006Full Service Brick and Mortar
3466396London Branch1506 W. Fifth St, London, KY 40741December 04, 2006Full Service Brick and Mortar
4481542Barbourville Branch238 Cumberland Avenue, Barbourville, KY 40906October 15, 2008Full Service Brick and Mortar
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