Home Federal Savings and Loan Association of Grand Island

Home Federal Savings and Loan Association of Grand Island Locations

221 South Locust Street
Grand Island, NE 68801
308-382-4000
www.homefedgi.com

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Home Federal Savings and Loan Association of Grand Island is headquartered in Grand Island and is the 45^th largest bank in the state of Nebraska. It is also the 2,887^th largest bank in the nation. It was established in 1935 and as of March of 2012, it had grown to 58 employees at 4 locations. Home Federal Savings and Loan Association of Grand Island has a 5-star health rating.

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See Rates for: Checking | Savings | Money Market | CD | IRA

Home Federal Savings and Loan Association of Grand Island Checking Account Rates

Apy	Min	Max	Product
0.40%	$100k	-	Home Star Checking
0.25%	$25k	-	Home Club Checking
0.10%	$100	-	Home Advantage Checking
0.10%	-	-	Business Interest Checking
0.00%	$100	-	Home Free Checking

Home Federal Savings and Loan Association of Grand Island Savings Account Rates

Apy	Min	Max	Product
0.15%	$100	-	Business Savings
0.15%	$100	-	Regular Savings
0.15%	-	-	Youth Savings
0.15%	-	-	Kids Klub Savings

Home Federal Savings and Loan Association of Grand Island Money Market Rates

Apy	Min	Max	Product
0.35%	$100k	-	Money Market Fund
0.35%	$150k	-	Business Money Market Account

Home Federal Savings and Loan Association of Grand Island CD Rates

Apy	Min	Max	Product
1.30%	$500	-	48 Month CD
1.10%	$500	-	36 Month CD
0.80%	$500	-	24 Month CD
0.60%	$2,500	-	18 Month Special CD
0.50%	$500	-	12 Month CD
0.30%	$500	-	6 Month CD
0.20%	$500	-	3 Month CD

Home Federal Savings and Loan Association of Grand Island IRA Rates

Apy	Min	Max	Product
1.30%	$500	-	48 Month IRA
1.30%	$500	-	48 Month Roth IRA
1.30%	$500	-	48 Month CESA
1.30%	$500	-	48 Month SEP IRA
1.10%	$500	-	36 Month IRA
1.10%	$500	-	36 Month Roth IRA
1.10%	$500	-	36 Month CESA
1.10%	$500	-	36 Month SEP IRA
0.80%	$500	-	24 Month IRA
0.80%	$500	-	24 Month Roth IRA
0.80%	$500	-	24 Month CESA
0.80%	$500	-	24 Month SEP IRA
0.60%	$2,500	-	18 Month Special IRA
0.60%	$2,500	-	18 Month Special Roth IRA
0.60%	$2,500	-	18 Month Special CESA
0.60%	$2,500	-	18 Month Special SEP IRA
0.50%	$500	-	12 Month IRA
0.50%	$500	-	12 Month Roth IRA
0.50%	$500	-	12 Month CESA
0.50%	$500	-	12 Month SEP IRA
0.30%	$500	-	6 Month IRA
0.30%	$500	-	7 Month IRA
0.30%	$500	-	8 Month IRA
0.30%	$500	-	9 Month IRA
0.30%	$500	-	10 Month IRA
0.30%	$500	-	11 Month IRA
0.30%	$500	-	6 Month Roth IRA
0.30%	$500	-	7 Month Roth IRA
0.30%	$500	-	8 Month Roth IRA
0.30%	$500	-	9 Month Roth IRA
0.30%	$500	-	10 Month Roth IRA
0.30%	$500	-	11 Month Roth IRA
0.30%	$500	-	6 Month CESA
0.30%	$500	-	6 Month SEP IRA
0.30%	$500	-	7 Month CESA
0.30%	$500	-	7 Month SEP IRA
0.30%	$500	-	8 Month CESA
0.30%	$500	-	8 Month SEP IRA
0.30%	$500	-	9 Month CESA
0.30%	$500	-	9 Month SEP IRA
0.30%	$500	-	10 Month CESA
0.30%	$500	-	10 Month SEP IRA
0.30%	$500	-	11 Month CESA
0.30%	$500	-	11 Month SEP IRA

Rates updated: 5/25/2012

Data for Q1 2012

Institution Statistics

Home Federal Savings and Loan Association of Grand Island
OTS #	03519
FDIC Certificate #	29476
BankRate Report	View
Year Established	1935
Employees	58
Primary Regulator	OCC
Assets and Liabilities
Assets	$220.77 million
Loans	$112.46 million
Deposits	$193.40 million
Equity Capital	$21.51 million
Loan Loss Allowance	$3.15 million
Unbacked Noncurrent Loans	$583,000
Real Estate Owned	$15,000
Historic Data - March 2011
Assets	$198.40 million
Equity Capital	$19.60 million
Loan Loss Allowance	$3.20 million
Unbacked Noncurrent Loans	$1.32 million
Real Estate Owned	$20,000
Profit Margin - Quarterly
Net Interest Margin	3.24%
Return on Assets	0.71%
Return on Equity	7.24%
Interest Income	$2.02 million

Institution Health

Overall Score:

5 out of 5

Texas Ratio
The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of March 31, 2012 Home Federal Savings and Loan Association of Grand Island had $598,000 in non-current loans and owned real-estate with $24.66 million in equity and loan loss allowances on hand to cover it. This gives Home Federal Savings and Loan Association of Grand Island a Texas Ratio of 2.43% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend
The Texas Ratio for Home Federal Savings and Loan Association of Grand Island decreased significantly from 5.87% as of March 31, 2011 to 2.43% as of March 31, 2012, resulting in a positive change of 58.71%.This indicates that the balance sheet and financial strength for Home Federal Savings and Loan Association of Grand Island has improved significantly in recent periods.
Deposit Growth
In the past year, Home Federal Savings and Loan Association of Grand Island has increased its total deposits by $18.62 million, resulting in 10.65% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Home Federal Savings and Loan Association of Grand Island has shown is excellent.
Capitalization
Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Home Federal Savings and Loan Association of Grand Island has $220.77 million in assets with $24.66 million in equity, resulting in a capitalization level of 11.17%, which is above average.

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