Home Savings is headquartered in Youngstown and is the 15st largest bank in the state of Ohio. It is also the 399th largest bank in the nation. It was established in 1889 and as of December of 2013, it had grown to 479 employees at 33 locations. Home Savings has a B health rating.
About 6 months ago, I was about 3 weeks late paying my monthly amount on my Home Equity Loan with Home Savings and Loan. I contacted the bank and let them know that I realized this one time I had no recourse due to personal financial difficulty at that time, but to make my Equity payment, it would be late, and would try not to let this happen again.
Subsequently, since that one time, I have continued to make my payment on a monthly basis. I have never missed a payment and have been diligent about the payment occurring at the same time every month.
Harassment ensues!!! You would think I was years behind instead of a few weeks. I continue to get phone calls month-after-month-after month. I do not know what their procedure is if someone has missed a home mortgage payment, but I can only imagine the amount of phone calls made from their loan department.
Please put a procedure in place that would let you analyze someone's consistent re-payment of a loan vs one late payment and stop the harassing phone calls for someone making an honest attempt to repay their debt.
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 Savings had $30.27 million in non-current loans and owned real-estate with $167.39 million in equity and loan loss allowances on hand to cover it. This gives Home Savings a Texas Ratio of 18.08% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
The Texas Ratio for Home Savings decreased dramatically from 34.93% as of December 31, 2012 to 18.08% as of December 31, 2013, resulting in a positive change of 48.22%.This indicates that the balance sheet and financial strength for Home Savings has improved dramatically in recent periods.
In the past year, Home Savings has decreased its total deposits by -$46.27 million, resulting in -3.11% 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 Savings has shown is below average.
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 Savings has $1.74 billion in assets with $167.39 million in equity, resulting in a capitalization level of 9.62%, which is above average.
|FDIC Certificate #||28114|
|Assets and Liabilities|
|Equity Capital||$146.28 million|
|Loan Loss Allowance||$21.12 million|
|Unbacked Noncurrent Loans||$23.95 million|
|Real Estate Owned||$6.32 million|
|Historic Data - December 2012|
|Equity Capital||$167.42 million|
|Loan Loss Allowance||$21.13 million|
|Unbacked Noncurrent Loans||$23.95 million|
|Real Estate Owned||$18.08 million|
|Profit Margin - Quarterly|
|Net Interest Margin||3.12%|
|Return on Assets||0.61%|
|Return on Equity||6.82%|
|Interest Income||$64.81 million|
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|0.20%||$10k||-||Health Statement Savings Account|
|0.15%||$5k||-||Platinum Statement Savings|
|0.15%||-||-||Personally Yours Statement Savings|
|0.10%||-||-||Holiday Club Statement Savings|
|0.05%||-||-||Big Bucks Statement Savings|
|0.05%||-||-||Student Statement Savings|
|0.30%||$100k||-||High Yield Money Market Account|
|0.05%||-||-||Personally Yours Checking|
|1.15%||$500||-||72 Month CD|
|1.15%||$500||-||72 Month HSA|
|1.00%||$500||-||60 Month CD|
|1.00%||$500||-||60 Month HSA|
|0.75%||$500||-||48 Month CD|
|0.50%||$500||-||36 Month CD|
|0.50%||$500||-||36 Month HSA|
|0.35%||$500||-||30 Month CD|
|0.35%||$500||-||30 Month HSA|
|0.30%||$100||-||24 Month Big Bucks Big Savers|
|0.30%||$100||-||24 Month Home Buyers|
|0.30%||$500||-||24 Month CD|
|0.30%||$500||-||24 Month HSA|
|0.25%||$500||-||18 Month CD|
|0.25%||$500||-||18 Month HSA|
|0.25%||$100||-||18 Month HSA (Variable Rate)|
|0.20%||$500||-||12 Month CD|
|0.20%||$500||-||12 Month HSA|
|0.20%||$500||-||365 Day CD|
|0.10%||$500||-||182 Day CD|
|0.05%||$500||-||28 Day CD|
|0.05%||$500||-||91 Day CD|
|1.15%||$500||-||72 Month IRA (Traditional,Roth,CESA)|
|1.00%||$500||-||60 Month IRA (Traditional,Roth,CESA)|
|0.50%||$500||-||36 Month IRA (Traditional,Roth,CESA)|
|0.35%||$500||-||30 Month IRA (Traditional,Roth,CESA)|
|0.30%||$500||-||24 Month IRA (Traditional,Roth,CESA)|
|0.25%||$100||-||18 Month IRA (Variable Rate) (Traditional,Roth,CESA)|
|0.25%||$500||-||18 Month IRA (Traditional,Roth,CESA)|
|0.20%||$500||-||12 Month IRA (Traditional,Roth,CESA)|