Hometown Bank

31 Sutton Avenue
Oxford, MA 01540

 

2019 Overview

General Bank Information

FDIC Insured Yes
FDIC Certificate # 26523
Date Established 1889
Assets $0.79 billion
Loans $0.55 billion
Deposits $0.65 billion
Capital $0.10 billion

Hometown Bank is an FDIC insured institution located in Oxford, MA. It was founded in 1889 and has approximately $0.79 billion in assets. Customers can open an account at one of its 13 branches.

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

Bank Loan Profile?

The top three loan types in Hometown Bank’s loan portfolio are 1-4 Family Residential Loans, Commercial Real Estate, and Small Business Loans.

Compared to other banks in Massachusetts, Hometown Bank has a significantly higher percent of Small Business 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 43.79
Multifamily
Mortgages
9.22
Credit Card Loans 0.00
Consumer Auto Loans 0.07
Small Business Loans 13.27
Construction and Development Loans 7.09
Commercial Real Estate 32.87
Commercial and Industrial Loans 7.51
Farm Loans 0.00

Deposit Rates - April 21, 2019

Your Current Location: Virginia, VA 20146

Savings and Money Market Rates APY MIN MAX
Money Market
0.10% $1 $24,999 Learn MoreShow Less
Money Market
0.15% $25,000 $49,999 Learn MoreShow Less
CD Rates APY MIN MAX
3 Mo CD
0.10% $1,000 - Learn MoreShow Less
6 Mo CD
0.15% $1,000 - Learn MoreShow Less
12 Mo CD
0.45% $500 - Learn MoreShow Less
Special: 13 Mo CD
2.30% $1,000 - Learn MoreShow Less
18 Mo CD
0.65% $1,000 - Learn MoreShow Less
Special: 21 Mo CD
2.65% $1,000 - Learn MoreShow Less
24 Mo CD
0.75% $1,000 - Learn MoreShow Less
36 Mo CD
1.00% $1,000 - Learn MoreShow Less
48 Mo CD
1.26% $1,000 - Learn MoreShow Less
60 Mo CD
1.76% $1,000 - Learn MoreShow Less

Fixed IRA Rates APY MIN MAX
Fixed IRA
0.45% $1,000 - Learn MoreShow Less
Variable IRA Rates APY MIN MAX
Var IRA
0.10% $1 $2,499 Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg
0.10% $1 $24,999 Learn MoreShow Less
Checking Rates APY MIN FEE
Basic Checking 0.02% $0 $0.00 Learn MoreShow Less

Loan Rates - April 21, 2019

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for Hometown Bank

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

Featured - Virginia 30 Year Fixed Mortgage Rates 2019

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
Quicken Loans NMLS #3030
NMLS ID: 3030
5.375% 5.375% 0.00 $0 $1,400 Learn More
J.G. Wentworth Home Lending, LLC
NMLS ID: 2925
License#: MC-1875
4.030% 4.000% 0.38 $892 $1,194 Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2019

Lender APR (%)? Monthly Payment? Learn More
PenFed Credit Union
PenFed Credit Union
5.500 %
$0 Learn More
More Info
Third Federal Savings and Loans
Third Federal Savings and Loans
4.490 %
$0 Learn More
More Info

Note to Hometown Bank
To upload and update your bank's rates please register. It is free to register and add rates.

Branches

Hometown 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:
Ashburn,Virginia


Hometown Bank Locations


Financial Details

Hometown Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Hometown 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
Hometown Bank U.S. Bank Average
7.81% 6.97%

The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its the bank’s 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 December 31, 2018, Hometown Bank had $7,971,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $96,528,000 in equity and $5,597,000 in loans loss reserves. That gives it a Texas Ratio of 7.81%.

Return on Equity
Hometown Bank U.S. Bank Average
6.86% 8.80%

Hometown Bank has a Return on Equity of 6.86% versus the BestCashCow average of 8.80%. 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
Hometown Bank U.S. Bank Average
12.24% 12.29%

Hometown Bank has a Capitalization of 12.24% versus the BestCashCow average of 12.29. 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.

Hometown Bank Balance Sheet Analysis

As of December 31, 2018, Hometown Bank had assets of $788,878,000, loans of $548,706,000, and deposits of $647,690,000. 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

December 31, 2018
ASSETS
Cash & Balances due from depository institutions $0.04 billion
Interest-bearing balances $0.03 billion
Total securities $0.16 billion
Federal funds sold and reverse repurchase $0.00 billion
Net loans and leases $0.55 billion
Loan loss allowance $0.01 billion
Trading account assets $0.00 billion
Bank premises and fixed assets $0.00 billion
Other real estate owned $0.00 billion
Goodwill and other intangibles $0.01 billion
All other assets $0.02 billion
     Total Assets $0.69 billion
LIABILITIES
Total deposits $0.65 billion
      Interest-bearing deposits $0.54 billion
      Deposits held in domestic offices $0.65 billion
      % insured (estimated) 77.27%
Federal funds purchased and repurchase agreements $0.00 billion
Trading liabilities $0.00 billion
Other borrowed funds $0.04 billion
Subordinated debt $0.00 billion
All other liabilities $0.01 billion
      Total Liabilities $0.69 billion
      Shareholders’ Equity $0.10 billion

Summary Income Statement

December 31, 2018
INCOME AND EXPENSES
Total Interest Income $0.03 billion
Total Interest Expense $0.00 billion
Net interest income $0.02 billion
Provision for loan and lease losses $0.00 billion
Total non interest income $0.01 billion
Total non interest expense $0.02 billion
Pre-tax Net Operating Income $0.01 billion

Frequently Asked Questions About Hometown Bank

Branches and Savings

Is Hometown Bank FDIC insured?

Yes. It is covered under FDIC Certificate #26523.

Why does Hometown Bank pay such low interest on savings accounts?

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

Why are Hometown Bank CD rates not competitive?

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

Is Hometown Bank a commercial bank?

Yes

Where are Hometown Bank locations?

See branch locations nearby.

Is Hometown Bank open on Saturdays?

Is Hometown Bank open on Sundays?

What time does Hometown Bank open?

What time does Hometown Bank close?

Are Hometown Bank ATMs Open 24/7?

Do Hometown Bank ATMs accept cash deposits?

Can Hometown Bank customers use other ATMs?

Do Hometown Bank branches have notaries?

Will Hometown Bank notarize my document?

What address for Hometown Bank should I put for incoming ACH transfers?

Will the Hometown Bank branch print checks?

Do Hometown Bank checks expire?

Does Hometown Bank require US citizenship to open account?

Can Hometown Bank close my account?

Does Hometown Bank Report to credit bureaus?

Does Hometown Bank Use Equifax?

What is Hometown Bank's ACH Routing Number?

What is Hometown Bank's SWIFT code?

Products

Does Hometown Bank offer mortgages?

Compare mortgage rates here.

Does Hometown Bank offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Hometown Bank offer personal loans?

Compare personal loan rates here.

Does Hometown Bank offer student loans?

Will Hometown Bank cash a check?

Will Hometown Bank redeem a savings bond?

Does Hometown Bank cash savings bonds?

Will Hometown Bank cash money orders?

Can Hometown Bank issue a money order?

Does Hometown Bank do currency exchange?

Background on The Bank

Who owns Hometown Bank?

How long has Hometown Bank been around?

Can Hometown Bank transfer to other banks?

Does Hometown Bank have quick pay?

Does Hometown Bank accept rolled coins?

Will Hometown Bank accept loose change?

Where is Hometown Bank headquarters?

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