Home Savings Bank

Headquarters

275 West Federal Street
Youngstown, OH 44503
See all branch locations →

Notable Rates APY Vs.Others
Savings N.A. 1.00% →
1-Year CD N.A. 0.95% →
2-Year CD N.A. 0.95% →
5-Year CD N.A. 1.30% →
30-Year Mortgage N.A. 2.80% →
15-Year Mortgage N.A. 2.37% →
HELOC N.A. 2.79% →

2020 Overview

General Bank Information

Home Savings Bank is an FDIC insured institution located in Youngstown, OH. It was founded in 2000 and has approximately $2.86 billion in assets. Customers can open an account at one of its 37 branches.

FDIC Insured Yes
FDIC Certificate # 35385
Date Established 2000
Assets $ 2.90 billion
Loans $ 2.35 billion
Deposits $ 2.35 billion
Capital $ 299.00 million
 

For a more detailed analysis of Home Savings Bank's financial condition and a description of what these numbers mean, please visit the Financial Details section.

Deposit Rates - October 19, 2020

Your Current Location: Connecticut, CT 06828


Loan Rates - October 19, 2020

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for Home Savings Bank

Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:




Featured - Connecticut 30 Year Fixed Mortgage Rates 2020

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
AimLoan.com
NMLS ID: 2890
License#: 13256
2.574% 2.500% 1.00 $2,445 $988 Learn More

Featured - Connecticut Home Equity Line Of Credit Rates 2020

Lender APR (%)? Monthly Payment? Learn More
Third Federal Savings and Loans
Third Federal Savings and Loans
See Table
2.240 %
$0 Learn More
More Info

Note to Home Savings Bank
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Branches

Home Savings Bank branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.

Your Location:
Fairfield,Connecticut


Home Savings Bank Locations


Financial Details

Home Savings Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Home Savings Bank. The data is provided by the FDIC. All banks listed on BestCashCow.com are FDIC-insured. No depositor has ever lost deposits that have been within the FDIC insurance limits.

Texas Ratio
Home Savings Bank U.S. Bank Average
4.29% 6.94%

The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its tangible common equity and its loan loss reserves. A lower Texas ratio indicates better coverage of problem loans. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a bank has to absorb its loan losses.

As of March 31, 2020, Home Savings Bank had $12,890,000 in non-current loans and $754,000 in owned real estate. To cover these potential losses it had $298,995,000 in equity and $19,242,000 in loans loss reserves. That gives it a Texas Ratio of 4.29%.

Return on Equity
Home Savings Bank U.S. Bank Average
13.14% 7.80%

Home Savings Bank has a Return on Equity of 13.14% versus the BestCashCow average of 7.80%. Return on equity measures how efficiently a bank is making money from its capital. A bank with a consistently high ROE can be considered well run. A bank with a consistently low ROE can be considered poorly run.

Capitalization
Home Savings Bank U.S. Bank Average
10.33% 12.68%

Home Savings Bank has a Capitalization of 10.33% versus the BestCashCow average of 12.68. Capitalization measures how much equity capital a bank has to underpin loans and other assets on its balance sheet. The higher the capitalization number the more secure a bank is considered.

Home Savings Bank Balance Sheet Analysis

As of December 31, 2019, Home Savings Bank had assets of $2,856,895,000, loans of $2,347,485,000, and deposits of $2,345,449,000. Long-term increases in deposits shows a bank's ability to raise funds to grow its loans and assets. Loan and asset growth may rise or fall depending on a bank's strategy for growth. Sharp rises and falls in assets, deposits, and loans can be problematic, indicating a loosening of lending standards, or financial distress leading to reduced lending. A big change in these figured can also be from a bank acquisition or merger.

Summary Balance Sheet

March 31, 2020
ASSETS
Cash & Balances due from depository institutions $ 47.92 million
Interest-bearing balances $ 17.41 million
Total securities $ 306.79 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 2.35 billion
Loan loss allowance $ 19.24 million
Trading account assets $ 0.52 million
Bank premises and fixed assets N.A.
Other real estate owned $ 0.75 million
Goodwill and other intangibles $ 27.94 million
All other assets $ 104.06 million
     Total Assets $ 2.56 billion
LIABILITIES
Total deposits $ 2.35 billion
      Interest-bearing deposits $ 1,857.73 million
      Deposits held in domestic offices $ 2.35 billion
      % insured (estimated) 82.22%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds $ 191.00 million
Subordinated debt N.A.
All other liabilities $ 21.45 million
      Total Liabilities $ 2.56 billion
      Shareholders’ Equity $ 337.35 million

Summary Income Statement

March 31, 2020
INCOME AND EXPENSES
Total Interest Income $ 117.24 million
Total Interest Expense $ 30.18 million
Net interest income $ 87.05 million
Provision for loan and lease losses $ 0.31 million
Total non interest income $ 23.66 million
Total non interest expense $ 64.30 million
Pre-tax Net Operating Income $ 46.11 million

Bank Loan Profile?

The top three loan types in Home Savings Bank’s loan portfolio are 1-4 Family Residential Loans, Commercial Real Estate, and Commercial and Industrial Loans.

Compared to other banks in Ohio, Home Savings Bank has a significantly higher percent of Construction and Development Loans on its balance sheet, potentially indicating a specialty in that lending area.

Note: Percentages may not sum to 100% due to rounding and double categorization of some loan types. All data from the FDIC. Additional information about this table.

%
Loans
%
Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 49.97
Multifamily
Mortgages
7.50
Credit Card Loans 0.00
Consumer Auto Loans 3.41
Small Business Loans 4.55
Construction and Development Loans 10.30
Commercial Real Estate 16.90
Commercial and Industrial Loans 11.65
Farm Loans 0.00

Frequently Asked Questions About Home Savings Bank

Branches and Savings

Is Home Savings Bank FDIC insured?

Yes. It is covered under FDIC Certificate #35385.

Why does Home Savings Bank pay such low interest on savings accounts?

See the best online savings rates here. See the best local savings rates here.

Why are Home Savings Bank CD rates not competitive?

See the best online CD rates here. See the best local CD rates here.

Is Home Savings Bank a commercial bank?

Yes

Where are Home Savings Bank locations?

See branch locations nearby.

Is Home Savings Bank open on Saturdays?

Is Home Savings Bank open on Sundays?

What time does Home Savings Bank open?

What time does Home Savings Bank close?

Are Home Savings Bank ATMs Open 24/7?

Do Home Savings Bank ATMs accept cash deposits?

Can Home Savings Bank customers use other ATMs?

Do Home Savings Bank branches have notaries?

Will Home Savings Bank notarize my document?

What address for Home Savings Bank should I put for incoming ACH transfers?

Will the Home Savings Bank branch print checks?

Do Home Savings Bank checks expire?

Does Home Savings Bank require US citizenship to open account?

Can Home Savings Bank close my account?

Does Home Savings Bank Report to credit bureaus?

Does Home Savings Bank Use Equifax?

What is Home Savings Bank's ACH Routing Number?

What is Home Savings Bank's SWIFT code?

Products

Does Home Savings Bank offer mortgages?

Compare mortgage rates here.

Does Home Savings Bank offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Home Savings Bank offer personal loans?

Compare personal loan rates here.

Does Home Savings Bank offer student loans?

Will Home Savings Bank cash a check?

Will Home Savings Bank redeem a savings bond?

Does Home Savings Bank cash savings bonds?

Will Home Savings Bank cash money orders?

Can Home Savings Bank issue a money order?

Does Home Savings Bank do currency exchange?

Background on The Bank

Who owns Home Savings Bank?

How long has Home Savings Bank been around?

Can Home Savings Bank transfer to other banks?

Does Home Savings Bank have quick pay?

Does Home Savings Bank accept rolled coins?

Will Home Savings Bank accept loose change?

Where is Home Savings Bank headquarters?

Customer Reviews for Home Savings Bank (3)


  • April 22, 2019 |

    CDs 18 Month Rates

    went to bank. told me it was only for online only. they should have said it clearly.

  • April 24, 2018 | Replies 1

    CDs 36 Month Rates

    Bank wouldn't open a cd and told me this is on online only special. I don't see where it says that.

    jmw | Oct 19, 2020

    I called the bank to get the CD specials and was told they only have two. A 13 month at 2.0% and 17 month at 2.25%. I wonder why there are differences??

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