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HomeStar Bank and Financial Services

Based on 1 review
HomeStar Bank and Financial Services
Overview / Commentary
303 Section Line Road
Manteno, IL 60950

HomeStar Bank and Financial Services is headquartered in Manteno and is the 118st largest bank in the state of Illinois. It is also the 1,885th largest bank in the nation. It was established in 1946 and as of March of 2014, it had grown to 131 employees at 5 locations. HomeStar Bank and Financial Services has a C+ health rating.

Reviews (1)

Trust Department

The trust officer was to payoff my credit cards, He got a loan froma another bank to do it, but the he didn't pay off the cards.  They all wnet in default and resulted in my drug coverage being denied.  I went to refill a prescription only to find out that i had no drug coverage.  He also failed to send me my monthly distribution.  So I had no money and no credit.

He also paid to have a survey on property he sold which had a survey 4 months before. And he incorrectly recorded a deed which I had to hire an attorney to fix. He now won't communiate with me at all.

Stay away from the trust department at all costs.



Health

Data for Q1 2014

Institution Health

C+

Texas Ratio

GRADE:
C-

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 HomeStar Bank and Financial Services had $11.01 million in non-current loans and owned real-estate with $17.56 million in equity and loan loss allowances on hand to cover it. This gives HomeStar Bank and Financial Services a Texas Ratio of 62.72% which is below average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
B+

The Texas Ratio for HomeStar Bank and Financial Services decreased slightly from 80.25% as of March 31, 2013 to 62.72% as of March 31, 2014, resulting in a positive change of 21.85%.This indicates that the balance sheet and financial strength for HomeStar Bank and Financial Services has improved slightly in recent periods.

Deposit Growth

GRADE:
B+

In the past year, HomeStar Bank and Financial Services has increased its total deposits by $5.54 million, resulting in 1.73% 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 HomeStar Bank and Financial Services has shown is above average.

Capitalization

GRADE:
C-

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. HomeStar Bank and Financial Services has $348.74 million in assets with $17.56 million in equity, resulting in a capitalization level of 5.03%, which is below average.

Institution Statistics

Overall
FDIC Certificate #16375
Year Established1946
Employees131
Primary RegulatorFDIC
Assets and Liabilities
Assets$348.74 million
Loans$179.17 million
Deposits$325.79 million
Equity Capital$13.09 million
Loan Loss Allowance$4.46 million
Unbacked Noncurrent Loans$6.60 million
Real Estate Owned$4.41 million
Historic Data - March 2013
Assets$352.67 million
Equity Capital$14.81 million
Loan Loss Allowance$6.04 million
Unbacked Noncurrent Loans$6.60 million
Real Estate Owned$5.89 million
Profit Margin - Quarterly
Net Interest Margin3.13%
Return on Assets0.48%
Return on Equity13.03%
Interest Income$2.66 million
Rates

Sorry, we do not have rate data for HomeStar Bank and Financial Services

Locations


HomeStar Bank and Financial Services Locations
Kankakee Branch255 East Station StreetKankakee, IL 60901
Manhattan Branch25640 S. Gougar RoadManhattan, IL 60442
Homestar Bank and Financial Services303 Section Line RoadManteno, IL 60950
Bradley Branch435 East North StreetBradley, IL 60915
Bourbonnais Branch576 Latham DriveBourbonnais, IL 60914