Hometown Bank of Corbin, Inc. in Corbin, Kentucky (KY)
Overview, Financial Summary, Detailed Financial Reports, Branches


Hometown Bank of Corbin, Inc. - Overview

  • General
  • FDIC 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
  • Location
  • Address: 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 Changes
  • Change in Location
    Name Change
  • Financial Summary
  • Total 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
  • 51Total employees (full-time equivalent)
  • $128,072Total assets
  • $6,921Cash and due from depository institutions
  • $4,662Interest-bearing balances
  • $17,330Securities
  • $6,150Federal funds sold & reverse repurchase agreements
  • $89,919Net loans & leases
  • $1,400Loan loss allowance
  • $0Trading account assets
  • $3,737Bank premises and fixed assets
  • $2,018Other real estate owned
  • $0Goodwill and other intangibles
  • $128,072Life insurance assets
  • $1,997All other assets
  • $115,663Total liabilities and capital
  • $105,789Total liabilities
  • $86,578Total deposits
  • $105,789Interest-bearing deposits
  • $94Deposits held in domestic offices
  • 4402.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $5,000Trading liabilities
  • $0Other borrowed funds
  • $472Subordinated debt
  • $12,409All other liabilities
  • $12,409Total equity capital
  • $12,409Total bank equity capital
  • $0Perpetual preferred stock
  • $594Common stock
  • $9,689Surplus
  • $2,126Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $2,299Income earned, not collected on loans
  • $216Earning assets
  • $532Long-term assets (5+ years)
  • $118,061Average Assets, year-to-date
  • $67,038Average Assets, quarterly
  • $129,545Volatile liabilities
  • $128,237Insider loans
  • $91,568FHLB advances
  • $128,426Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $12,142Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $7,372Restructured Loans and leases
  • $3,198Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $6,252Total interest income
  • $892Total interest expense
  • $5,360Net interest income
  • $366Provision for loan and lease losses
  • $1,008Total noninterest income
  • $0Fiduciary activities
  • $723Service charges on deposit accounts
  • $0Trading account gains & fees
  • $285Additional noninterest income
  • $5,223Total noninterest expense
  • $2,235Salaries and employee benefits
  • $710Premises and equipment expense
  • $2,278Additional noninterest expense
  • $779Pre-tax net operating income
  • $106Securities gains (losses)
  • $278Applicable income taxes
  • $607Income before extraordinary items
  • $0Extraordinary gains - net
  • $607Net income attributable to bank
  • $0Net charge-offs
  • $607Cash dividends
  • $191Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.30%Yield on earning assets
  • 0.76%Cost of funding earning assets
  • 4.54%Net interest margin
  • 0.85%Noninterest income to earning assets
  • 4.42%Noninterest expense to earning assets
  • 0.41%Net operating income to assets
  • 0.47%Return on assets (ROA)
  • 0.68%Pretax return on assets
  • 5.09%Return on equity (ROE)
  • 5.09%Retained earnings to average equity (YTD only)
  • 0.21%Net charge-offs to loans
  • 191.62%Credit loss provision to net charge-offs
  • 5.99%Efficiency ratio
  • 82,019Assets per employee
  • 2.51%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.53%Loss allowance to noncurrent loans
  • 60.90%Noncurrent assets plus other real estate owned to assets
  • 3.37%Noncurrent loans to loans
  • 2.52%Net loans and leases to deposits
  • 85.00%Net loans and leases to core deposits
  • 86.49%Equity capital to assets
  • 9.69%Core capital (leverage) ratio
  • 9.45%Tier 1 risk-based capital ratio
  • 13.26%Total risk-based capital ratio
  • Memoranda
  • $15Average assets
  • $129,545Average earning assets
  • $11,928Average equity
  • $118,052Average loans

List of branches

  • 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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