The Hometown Bank of Alabama

Headquarters

2002 2nd Ave E
Oneonta, AL 35121
See all branch locations →

Notable Rates APY Vs.Others
Savings N.A. 5.50% →
1-Year CD N.A. 5.38% →
2-Year CD N.A. 4.95% →
5-Year CD N.A. 4.55% →
30-Year Mortgage N.A. 4.91% →
15-Year Mortgage N.A. 4.39% →
HELOC N.A. 0.99% →

2024 Overview

General Bank Information

The Hometown Bank of Alabama is an FDIC insured institution located in Oneonta, AL. It was founded in 2003 and has approximately $0.63 billion in assets. Customers can open an account at one of its 3 branches.

FDIC Insured Yes
FDIC Certificate # 57540
Date Established 2003
Assets $ 631.35 million
Loans $ 346.80 million
Deposits $ 530.93 million
Capital $ 48.11 million
 

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

Deposit Rates - July 25, 2024

Your Current Location: Virginia, VA 20146


Loan Rates - July 25, 2024

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for The Hometown Bank of Alabama

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 2024

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Payment
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Mutual of Omaha Mortgage, Inc.
NMLS ID: 1025894
6.725% 6.625%
0.75 points
$3,298 fees
$2,049 Learn More
Rocket Mortgage
NMLS ID: 3030
7.064% 6.990%
0.75 points
$2,400 fees
$2,127 Learn More
CrossCountry Mortgage
NMLS ID: 3029

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fees
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Veterans United Home Loans
NMLS ID: 1907

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Featured - Virginia Home Equity Line Of Credit Rates 2024

Lender APR (%)? Monthly Payment? Learn More
Third Federal Savings and Loan
Third Federal Savings and Loan
See Table
7.990 %
$0 Learn More
More Info

Note to The Hometown Bank of Alabama
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Branches

The Hometown Bank of Alabama 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


The Hometown Bank of Alabama Locations around zip code 20146


BranchDistance Map View Lobby Hours

Snead Branch

581.54 A View Lobby Hours

The Hometown Bank Of Alabama

590.35 B View Lobby Hours

Pinson Branch

611.09 C View Lobby Hours


Climate Policy and Initiatives

The Hometown Bank of Alabama is encouraged to provide us with this information. When we receive this information from the bank, we will provide it here.


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Financial Details

The Hometown Bank of Alabama Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of The Hometown Bank of Alabama. 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
The Hometown Bank of Alabama U.S. Bank Average
8.39% 4.29%

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, 2024, The Hometown Bank of Alabama had $3,574,000 in non-current loans and $732,000 in owned real estate. To cover these potential losses it had $48,107,000 in equity and $3,246,000 in loans loss reserves. That gives it a Texas Ratio of 8.39%.

Return on Equity
The Hometown Bank of Alabama U.S. Bank Average
11.56% 10.46%

The Hometown Bank of Alabama has a Return on Equity of 11.56% versus the BestCashCow average of 10.46%. 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
The Hometown Bank of Alabama U.S. Bank Average
7.62% 10.73%

The Hometown Bank of Alabama has a Capitalization of 7.62% versus the BestCashCow average of 10.73. 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.

The Hometown Bank of Alabama Balance Sheet Analysis

As of March 31, 2024, The Hometown Bank of Alabama had assets of $631,348,000, loans of $346,803,000, and deposits of $530,932,000. 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, 2024
ASSETS
Cash & Balances due from depository institutions $ 53.99 million
Interest-bearing balances $ 38.89 million
Total securities $ 196.70 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 346.80 million
Loan loss allowance $ 3.25 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 0.73 million
Goodwill and other intangibles N.A.
All other assets $ 8.31 million
     Total Assets $ 583.24 million
LIABILITIES
Total deposits $ 530.93 million
      Interest-bearing deposits $ 436.84 million
      Deposits held in domestic offices $ 530.93 million
      % insured (estimated) 74.36%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds N.A.
Subordinated debt N.A.
All other liabilities $ 1.08 million
      Total Liabilities $ 583.24 million
      Shareholders’ Equity $ 48.11 million

Summary Income Statement

March 31, 2024
INCOME AND EXPENSES
Total Interest Income $ 7.64 million
Total Interest Expense $ 3.37 million
Net interest income $ 4.27 million
Provision for loan and lease losses N.A.
Total non interest income $ 2.14 million
Total non interest expense $ 4.49 million
Pre-tax Net Operating Income $ 5.47 million

Bank Loan Profile?

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

Compared to other banks in Alabama, The Hometown Bank of Alabama has a significantly higher percent of 1-4 Family Residential Loans, Consumer Auto 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 46.24
Multifamily
Mortgages
0.00
Credit Card Loans 0.00
Consumer Auto Loans 5.12
Small Business Loans 0.00
Construction and Development Loans 5.07
Commercial Real Estate 8.14
Commercial and Industrial Loans 6.43
Farm Loans 0.26

Customer Reviews for The Hometown Bank of Alabama


  • March 16, 2023

    The branch manager is unavailable and doesnt care what goes on as long as he is not bothered. The tellers are rude and referr to customers who ask for help as " special needs customers".


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