Hometown Community Banks is headquartered in MORTON and is the 13th largest bank in the state of Illinois. It is also the 278th largest bank in the nation. It was established in 1961 and as of March of 2023, it had grown to 420 employees at 44 locations. Hometown Community Banks' CD rates are 3X the national average, and it has a B health rating.
Very Reliable bank
Hometown Community Bank is one of the easiest and best experiences I've had with a bank. They are very friendly and extremely helpful with helping me sign up with a checking and savings account. Not only did they not waste any time asking questions that are not necessary, but they were very willing to answer any questions I had as well. Their mobile banking is very simple as well. It was very simple to sign up, and I was able to connect to my bank account in minutes. It is very simple and user friendly, and I did not expect this sort of thing from a local bank. I would highly recommend this bank to anyone who is living in my area, they are very helpful and have helpful individuals working for them.
Morton Community bank makes you feel welcomed
I have never dealt with such a nice and informative group of people than what I've dealt with at Morton Community bank. As soon as you walk into their doors, they greet you with a warm smile, and actually act like they want to have a conversation with you. Working with them has been a treat, and I am glad to say that I've been banking with them for years. Their user interface is a little dull and boring, but efficient, and easy to track your statements and information. Transfers could also use some work as well, but will eventually have money in my account within the week. Morton community bank is a bank that I am proud of being a part of, and will continue being so for many years to come.
Morton Community Bank--Worth The Drive
Morton Community Banks has nearly 30 locations. I drove to their Toluca branch in April for their 10-year CD. My account rep, Roanna, was extremely helpful. Back then I got 4.00%. The rate has since dropped to 3.70%, but still worth it. Because I had already been there before, I was able to call Roanna on the phone last week to set up a second CD. I mailed the check to her attention and she did the rest. I like the small town atmosphere and the helpful, sincere people that work there. I would recommend Morton as a place to invest in longer term CDs.
Data as of Q1 2023
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 18429 |
| Year Established | 1961 |
| Employees | 420 |
| Primary Regulator | FDIC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.43% |
| Return on Equity - YTD | 24.47% |
| Annual Interest Income | $45.6MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q1 2023vs Q1 2022 | $4.86B$4.93B |
| Loans | Q1 2023vs Q1 2022 | $2.82B$2.61B |
| Deposits | Q1 2023vs Q1 2022 | $4.07B$4.22B |
| Equity Capital | Q1 2023vs Q1 2022 | $308.2MM$370.7MM |
| Loan Loss Allowance | Q1 2023vs Q1 2022 | $37.7MM$39.0MM |
| Unbacked Noncurrent Loans | Q1 2023vs Q1 2022 | $26.0MM$33.4MM |
| Real Estate Owned | Q1 2023vs Q1 2022 | $6.8MM$14.3MM |
