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Overview / Commentary
508-943-6062
218 Main Street
Webster, MA 01570

Hometown Bank, A Cooperative Bank is headquartered in Webster and is the 81st largest bank in the state of Massachusetts. It is also the 1,790th largest bank in the nation. It was established in 1889 and as of December of 2013, it had grown to 72 employees at 7 locations. Hometown Bank, A Cooperative Bank has a B+ health rating.

Reviews (1)

Awful Service Avoid Them And Go To A Friendly Bank

They must think they are Bank of America.  Very poor service.  Open an account somewhere else.



Health

Data for Q4 2013

Institution Health

B+

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 Hometown Bank, A Cooperative Bank had $10.48 million in non-current loans and owned real-estate with $42.77 million in equity and loan loss allowances on hand to cover it. This gives Hometown Bank, A Cooperative Bank a Texas Ratio of 24.51% 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 Hometown Bank, A Cooperative Bank experienced no significant changes from 24.53% as of December 31, 2012 to 24.51% as of December 31, 2013, resulting in a positive change of 0.08%.This indicates that the balance sheet and financial strength for Hometown Bank, A Cooperative Bank has had no significant changes in recent periods.

Deposit Growth

GRADE:
A+

In the past year, Hometown Bank, A Cooperative Bank has increased its total deposits by $40.97 million, resulting in 15.09% 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 Hometown Bank, A Cooperative 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. Hometown Bank, A Cooperative Bank has $364.8 million in assets with $42.77 million in equity, resulting in a capitalization level of 11.72%, which is excellent.

Institution Statistics

Overall
FDIC Certificate #26523
Year Established1889
Employees72
Primary RegulatorFDIC
Assets and Liabilities
Assets$364.80 million
Loans$304.66 million
Deposits$312.42 million
Equity Capital$39.54 million
Loan Loss Allowance$3.24 million
Unbacked Noncurrent Loans$9.45 million
Real Estate Owned$1.03 million
Historic Data - December 2012
Assets$329.06 million
Equity Capital$36.43 million
Loan Loss Allowance$3.37 million
Unbacked Noncurrent Loans$9.45 million
Real Estate Owned$1.49 million
Profit Margin - Quarterly
Net Interest Margin3.78%
Return on Assets0.98%
Return on Equity8.92%
Interest Income$14.12 million
Rates

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

Hometown Bank, A Cooperative Bank Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.40%$15k-Golden Age Savings
0.10%--Statement Savings
0.10%--Passbook Savings
0.10%--Christmas Club
0.10%--Vacation Club

Hometown Bank, A Cooperative Bank Money Market Rates

DetailsAPYMINMAXPRODUCT
0.40%$50k-Super Money Market
0.30%$40k-Money Market Checking
0.20%$2,500-Money Market Account

Hometown Bank, A Cooperative Bank Checking Account Rates

DetailsAPYMINMAXPRODUCT
0.02%--Totally Free NOW Checking
0.02%--Teen Checking
0.00%--Business Checking

Hometown Bank, A Cooperative Bank CD Rates

DetailsAPYMINMAXPRODUCT
1.85%$1k-60 Month CD
0.95%$1k-48 Month CD
0.75%$1k-36 Month CD
0.65%$1k-30 Month CD
0.55%$1k-24 Month CD
0.45%$1k-18 Month CD
0.40%$1k-15 Month CD
0.35%$500-12 Month CD
0.25%$1k-9 Month CD
0.15%$1k-6 Month CD
0.10%$1k-3 Month CD

Hometown Bank, A Cooperative Bank IRA Rates

DetailsAPYMINMAXPRODUCT
0.95%$200-48 Month IRA (Traditional,Roth,CESA)
0.75%$200-36 Month IRA (Traditional,Roth,CESA)
0.65%$200-30 Month IRA (Traditional,Roth,CESA)
0.45%$200-18 Month IRA (Traditional,Roth,CESA)
0.35%$200-12 Month IRA (Traditional,Roth,CESA)
Locations


Hometown Bank, A Cooperative Bank Locations
South Lancaster Branch131 Main StreetSouth Lancaster, MA 1561
Hometown Bank, A Cooperative Bank218 Main StreetWebster, MA 1570
Oxford Branch31 Sutton AvenueOxford, MA 1540
Sturbridge Branch331 Main StretSturbridge, MA 1566
Webster Branch4 Gore RoadWebster, MA 1570
Auburn Branch569 Southbridge StreetAuburn, MA 1501
Athol Branch90 Exchange StAthol, MA 1331