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Home Federal Savings Bank

Based on 2 reviews
Home Federal Savings Bank
Overview / Commentary
1016 Civic Center Drive
Rochester, MN 55901

Home Federal Savings Bank is headquartered in Rochester and is the 16st largest bank in the state of Minnesota. It is also the 1,096th largest bank in the nation. It was established in 1934 and as of March of 2014, it had grown to 180 employees at 11 locations. Home Federal Savings Bank has a A health rating.

Reviews (2)

Failed Banks

They should have been closed a year ago, they are hiding under an OTS agreement that keeps them from closing when it's suppose to protect the public they keep there real estate owned at pre-depression values, not current values, which shores up there bottom line so it looks better if a customer missed payments on a loan.

GOD BLESS AMERICA

Bank Failure Do To Poor Mangement

This bank is close to failure there is a Google article in The Star Tribune, so be wary. Poor management has been a key issue to the failure of this bank.



Health

Data for Q1 2014

Institution Health

A

Texas Ratio

GRADE:
B

The Texas Ratio is an indicator of how much capital a bank has available compared to the total value of loans considered at risk. As of March 31, 2014 Home Federal Savings Bank had $18.87 million in non-current loans and owned real-estate with $99.32 million in equity and loan loss allowances on hand to cover it. This gives Home Federal Savings Bank a Texas Ratio of 19.00% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
A+

The Texas Ratio for Home Federal Savings Bank decreased dramatically from 45.00% as of March 31, 2013 to 19.00% as of March 31, 2014, resulting in a positive change of 57.78%.This indicates that the balance sheet and financial strength for Home Federal Savings Bank has improved dramatically in recent periods.

Deposit Growth

GRADE:
A+

In the past year, Home Federal Savings Bank has increased its total deposits by $34.89 million, resulting in 7.12% 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 Bank has shown is excellent.

Capitalization

GRADE:
A+

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 Bank has $619.55 million in assets with $99.32 million in equity, resulting in a capitalization level of 16.03%, which is excellent.

Institution Statistics

Overall
FDIC Certificate #29042
Year Established1934
Employees180
Primary RegulatorOCC
Assets and Liabilities
Assets$619.55 million
Loans$384.33 million
Deposits$524.82 million
Equity Capital$90.23 million
Loan Loss Allowance$9.09 million
Unbacked Noncurrent Loans$12.43 million
Real Estate Owned$6.44 million
Historic Data - March 2013
Assets$626.58 million
Equity Capital$64.00 million
Loan Loss Allowance$21.94 million
Unbacked Noncurrent Loans$12.43 million
Real Estate Owned$9.92 million
Profit Margin - Quarterly
Net Interest Margin3.41%
Return on Assets1.08%
Return on Equity7.68%
Interest Income$5.42 million
Rates

Sorry, we do not have rate data for Home Federal Savings Bank

Locations

Home Federal Savings Bank has 11 locations. Click to view all Home Federal Savings Bank locations.