Home State Bank Reports – 983550

Home State Bank Financial Reports

Quarter Ended: 2024-09-30

Data Updated on: 11/22/2024

Home State Bank is a Commercial bank, state charter, Fed non-member, and supervised by the Federal Deposit Insurance Corporation (FDIC) located in Litchfield, MN. Established on 03/23/1926, the bank is regulated by the FDIC and has 4 domestic offices. It operates in the N/A.

The bank has 39 employees and holds $206,267k in total assets. With a focus on community banking, the bank has been serving its customers since 03/23/1926.

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Home State Bank Institution Profile

Established Date03/23/1926Institution ClassCommercial bank, state charter, Fed non-member, and supervised by the Federal Deposit Insurance Corporation (FDIC)
Primary RegulatorFDICNumber of Domestic Offices4
Number of Foreign Offices0Number of US Offices0
Number of Employees39Directly owned by another bank (CERT)No
Community BankYesZIP55355
Ownership TypeNot MutualCityLitchfield
State Alpha codeMNState and County Number27093
Subchapter S CorporationsYesTrust PowersTrust Powers Not Known
Federal Reserve ID Number9Federal Reserve ID Number DescriptionMINNEAPOLIS
Office of The Comptroller District:CENTRAL DISTRICTOffice of Thrift Supervision RegionWest
Last Structure Change Effective Date08/31/2022Date of Deposit Insurance01/01/1934
Primary Insurance AgencyDIF

Institution Profile Overview

Delve into the foundational details of Home State Bank with our “Institution Profile” table. The 03/23/1926 marks the bank’s inception, providing historical context. Categorized as a Commercial bank, state charter, Fed non-member, and supervised by the Federal Deposit Insurance Corporation (FDIC), the bank operates under the oversight of FDIC, ensuring compliance and regulatory adherence.

4 domestic offices reflect the bank’s physical footprint, while insights into ownership type, trust powers, and regulatory affiliations contribute to understanding its operational structure. Details such as Litchfield, MN, and 55355 provide geographic context. Explore these attributes to gain a holistic view of Home State Bank in the financial landscape.

Home State Bank Financials

(USD, in thousands)

Total Assets$206,267Total Liabilities$193,585
Total Equity Capital$12,682Total Deposits$171,602
Net Loans and Leases$109,404Total Interest Income$2,308
Total Noninterest Income$299Total Interest Expense$587
Total Noninterest Expense$1,455Tier 1 Risk-Based Capital Ratio15.17%
Net Loans and Leases to Core DepositsN/AReturn on Assets0.99%
Return on Equity18.26%Efficiency Ratio72.03%

Financial Performance Overview

Gain a comprehensive perspective on Home State Bank’s financial landscape through our “Financials” table. The bank boasts total assets of $206,267k, showcasing its substantial scale and influential market presence. A nuanced breakdown reveals insights into the bank’s financial structure and stability, with total liabilities standing at $193,585k and total equity capital at $12,682k.

Delve into key operational metrics, including total deposits of $171,602k, net loans and leases at $109k, and a meticulous analysis of income and expense components. Explore vital ratios such as the Tier 1 Risk-Based Capital Ratio, standing at 15.1696, and Return on Assets at 0.99. These metrics provide valuable insights into the bank’s risk management strategies and overall profitability.

This detailed financial overview is designed to enhance your understanding of Home State Bank’s performance and competitive positioning within the financial industry.

Home State Bank Additional Financial Information

(USD, in thousands)

Earnings Coverage of Net Loan Charge-Offs(x)N/ANet Loans and Leases to Core DepositsN/A
Tier 1 Risk-Based Capital Ratio15.17%Securities Gains (Losses)-$17
Goodwill and Other IntangiblesN/ACost of Funding Earning Assets0.00%
Yield on Earning Assets4.84%Total Interest Income$2,308
Applicable Income Taxes$28Loss Allowance to Loans and Leases1.24%
Net Loans and Leases$109,404Loss Allowance to Noncurrent Loans and Leases0.00%
Noncurrent Loans to Loans0.00%Net Income Attributable to Bank and Noncontrolling Interests$503
Net Interest Income$1,721Net Interest Margin3.61%
Net Operating Income to Assets1.00%Noninterest Income to Average Assets0.59%
Total Noninterest Income$299Noninterest Expense to Average Assets2.86%
Total Noninterest Expense$1,455Net Charge-Offs to Loans and Leases0.01%
All Other AssetsN/AOther Real Estate Owned$0
Other borrowed funds$16,200Pre-tax Net Operating Income$548
Pretax Return on Assets1.04%Return on Assets0.99%
Retained Earnings to Average Equity (YTD only)N/A

Insights into Financial Metrics

Enhance your understanding of Home State Bank‘s financial standing through our Additional Financial Information table. Explore key metrics such as Net Loans and Leases: $109,404k and Net Interest Income $1,721k to gain valuable insights into the bank’s core operations and revenue streams. Assess the Tier 1 Risk-Based Capital Ratio: 15.1696 for in-depth insights into capital adequacy and risk management strategies.

Delve into the intricacies of Net Charge-Offs to Loans and Leases: 0.01 to evaluate the bank’s asset quality and risk mitigation efforts. Examine the composition of income through Total Noninterest Income: $299k and evaluate operational efficiency using metrics like Efficiency Ratio: 72.03. This nuanced financial overview empowers a comprehensive analysis of Home State Bank‘s strategic financial position and performance in the industry.

Frequently Asked Questions (FAQs)

What is the asset size of Home State Bank?

The asset size of Home State Bank is approximately $206,267k, reflecting the bank’s scale and market presence.

How does the loan-to-deposit ratio of Home State Bank compare to industry benchmarks?

The loan-to-deposit ratio is a crucial measure of the bank’s financial health. For Home State Bank, this ratio stands at
63.75%
(please calculate and adjust this logic based on real data retrieval), compared to industry averages typically ranging from 80% to 90%.

What is the capital adequacy ratio for Home State Bank?

The Tier 1 Risk-Based Capital Ratio, a key indicator of the bank’s financial stability, is 15.1696.

What is the net interest margin of Home State Bank, and how has it trended over the past year?

The current net interest margin is 3.61. Historical trends would require a more detailed analysis over the past quarters, which can be provided upon request.

What is the percentage of non-performing loans on Home State Bank’s balance sheet?

The percentage of non-performing loans is an important metric indicating asset quality. For Home State Bank, this stands at 0.

Are there any recent regulatory changes that could impact Home State Bank’s operations?

Regulatory environments are dynamic. Specific recent changes would require further detailed scanning of regulatory updates impacting Home State Bank. For tailored insights, please consult our expert or access our detailed reports.

What is the history of Home State Bank?

Home State Bank was established on 03/23/1926. It has been serving the community for several decades, continuously adapting to the changing financial landscape. For a detailed history, please refer to the bank’s about page.

Is Home State Bank FDIC insured?

Yes, Home State Bank is FDIC insured, ensuring that deposits are protected up to the applicable limits. This underlines the bank’s commitment to maintaining customer trust and financial security.

What is the routing number for Home State Bank in OK?

The routing number for Home State Bank in Oklahoma is not available. It’s recommended to verify with the bank directly for transactions.

How big is Home State Bank?

Home State Bank is a significant player in the financial sector with total assets valued at $206,267k and a network of 4 domestic offices.

Is Home State Bank a local bank?

Home State Bank is often considered a local bank due to its strong community focus and local market presence, despite having a broader operational reach. This combination allows it to serve local communities effectively while benefiting from larger-scale operations.

This table provides key financial information about Home State Bank. Get more data about Home State Bank on Visbanking Report Portal.