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Overview / Commentary
740-949-2210
209 Third Street
Racine, OH 45771

Home National Bank is headquartered in Racine and is the 184th largest bank in the state of Ohio. It is also the 5,780th largest bank in the nation. It was established in 1910 and as of December of 2013, it had grown to 22 employees at 2 locations. Home National Bank has a C health rating.

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Health

Data for Q4 2013

Institution Health

C
Additional Factors: Institutions with a small asset base or a short operating history can represent an instability risk beyond what their financial ratios indicate. Home National Bank has a relatively low asset base.

Texas Ratio

GRADE:
C

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 December 31, 2013 Home National Bank had $2.86 million in non-current loans and owned real-estate with $8.95 million in equity and loan loss allowances on hand to cover it. This gives Home National Bank a Texas Ratio of 31.95% which is average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
C-

The Texas Ratio for Home National Bank increased slightly from 21.56% as of December 31, 2012 to 31.95% as of December 31, 2013, resulting in a negative change of 48.21%. This indicates that the balance sheet and financial strength for Home National Bank has declined slightly in recent periods.

Deposit Growth

GRADE:
F

In the past year, Home National Bank has decreased its total deposits by -$10.72 million, resulting in -18.99% 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 National Bank has shown is poor.

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 National Bank has $58.89 million in assets with $8.95 million in equity, resulting in a capitalization level of 15.19%, which is excellent.

Institution Statistics

Overall
FDIC Certificate #6680
Year Established1910
Employees22
Primary RegulatorOCC
Assets and Liabilities
Assets$58.89 million
Loans$43.75 million
Deposits$45.74 million
Equity Capital$8.17 million
Loan Loss Allowance$777,000
Unbacked Noncurrent Loans$2.81 million
Real Estate Owned$52,000
Historic Data - December 2012
Assets$67.45 million
Equity Capital$8.15 million
Loan Loss Allowance$732,000
Unbacked Noncurrent Loans$2.81 million
Real Estate Owned$47,000
Profit Margin - Quarterly
Net Interest Margin4.94%
Return on Assets1.3%
Return on Equity10.28%
Interest Income$3.49 million
Rates

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Home National Bank Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.07%$25-Passbook Savings

Home National Bank Money Market Rates

DetailsAPYMINMAXPRODUCT
0.15%$1,500-Money Market Savings

Home National Bank Checking Account Rates

DetailsAPYMINMAXPRODUCT
0.25%$150k-Gold Club Checking
0.17%$10k$50kPremium Account Checking

Home National Bank CD Rates

DetailsAPYMINMAXPRODUCT
1.89%$100k-60 Month CD
1.18%$100k-48-59 Month CD
0.80%$500-22 Month CD Special
0.72%$100k-36-47 Month CD
0.57%$100k-24-35 Month CD
0.32%$100k-12-23 Month CD
0.15%-$100k1-5 Month CD
0.15%-$100k6-11 Month CD

Home National Bank IRA Rates

DetailsAPYMINMAXPRODUCT
1.89%$100k-60 Month IRA (Traditional,Roth)
1.18%$100k-48-59 Month IRA (Traditional,Roth)
0.72%$100k-36-47 Month IRA (Traditional,Roth)
0.57%$100k-24-35 Month IRA (Traditional,Roth)
0.32%$100k-12-23 Month IRA (Traditional,Roth)
0.15%-$100k1-5 Month IRA (Traditional,Roth)
0.15%-$100k6-11 Month IRA (Traditional,Roth)
Locations


Home National Bank Locations
Home National Bank209 Third StreetRacine, OH 45771
Syracuse BranchState Route 124Syracuse, OH 45779