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Overview / Commentary
573-769-2001
400 South Main Street
Palmyra, MO 63461

HomeBank is headquartered in Palmyra and is the 135th largest bank in the state of Missouri. It is also the 3,574th largest bank in the nation. It was established in 1934 and as of March of 2014, it had grown to 52 employees at 3 locations. HomeBank has a B+ health rating.

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Health

Data for Q1 2014

Institution Health

B+

Texas Ratio

GRADE:
A+

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 HomeBank had $1.06 million in non-current loans and owned real-estate with $16.54 million in equity and loan loss allowances on hand to cover it. This gives HomeBank a Texas Ratio of 6.42% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
B

The Texas Ratio for HomeBank decreased slightly from 7.54% as of March 31, 2013 to 6.42% as of March 31, 2014, resulting in a positive change of 14.82%.This indicates that the balance sheet and financial strength for HomeBank has improved slightly in recent periods.

Deposit Growth

GRADE:
C

In the past year, HomeBank has decreased its total deposits by -$2.4 million, resulting in -1.79% 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 HomeBank has shown is average.

Capitalization

GRADE:
B+

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. HomeBank has $159.66 million in assets with $16.54 million in equity, resulting in a capitalization level of 10.36%, which is above average.

Institution Statistics

Overall
FDIC Certificate #14492
Year Established1934
Employees52
Primary RegulatorFDIC
Assets and Liabilities
Assets$159.66 million
Loans$121.14 million
Deposits$132.32 million
Equity Capital$15.38 million
Loan Loss Allowance$1.16 million
Unbacked Noncurrent Loans$817,000
Real Estate Owned$245,000
Historic Data - March 2013
Assets$162.66 million
Equity Capital$14.75 million
Loan Loss Allowance$1.07 million
Unbacked Noncurrent Loans$817,000
Real Estate Owned$353,000
Profit Margin - Quarterly
Net Interest Margin3.92%
Return on Assets1.25%
Return on Equity13.08%
Interest Income$1.64 million
Rates

Always verify rates and promotions with the bank or credit union. We are not HomeBank, we are a rate comparison website and can not provide official rates or promotions.

HomeBank Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.50%$50-IRA Time Open Savings Account
0.20%$50-Health Savings Account
0.10%$50-Statement Savings

HomeBank Money Market Rates

DetailsAPYMINMAXPRODUCT
0.20%$100k-Business Money Market
0.15%$25k$250kPinnacle Fund Money Market
0.10%$2,500$250kPersonal MMDA

HomeBank Checking Account Rates

DetailsAPYMINMAXPRODUCT
0.50%$1k-Business Interest Checking
0.05%$500-NOW Checking

HomeBank CD Rates

DetailsAPYMINMAXPRODUCT
1.00%$2,500-60 Month CD
0.75%$2,500-48 Month CD
0.60%$2,500-36 Month CD
0.50%$2,500-24 Month CD
0.50%$2,500-30 Month CD
0.35%$2,500-12 Month CD
0.35%$2,500-18 Month CD
0.20%$2,500-6 Month CD
0.10%$2,500-3 Month CD

HomeBank IRA Rates

DetailsAPYMINMAXPRODUCT
1.00%$2,500-60 Month IRA CD
0.75%$2,500-48 Month IRA CD
0.50%$2,500-24 Month IRA CD
0.50%$2,500-36 Month IRA CD
0.35%$2,500-12 Month IRA CD
Locations


HomeBank Locations
Hannibal Branch3817 Mcmasters AvenueHannibal, MO 63401
Palmyra State Bank400 South Main StreetPalmyra, MO 63461
West Quincy BranchHighway 24West Quincy, MO 63471