Hometown Community Banks


Overview / Commentary
309-266-5337
721 West Jackson Street
Morton, IL 61550

Hometown Community Banks is headquartered in Morton and is the 13th largest bank in the state of Illinois. It is also the 277th largest bank in the nation. It was established in 1961 and as of June of 2020, it had grown to 419 employees at 43 locations. Hometown Community Banks has an A health rating.

Reviews (3)

Very Reliable bank

Posted by: |

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

Posted by: |

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

Posted by: |

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.



Health

Health Grade Components

Overall
FDIC Certificate #18429
Year Established1961
Employees419
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD1.24%
Return on Equity - YTD11.76%
Annual Interest Income$76.5MM
Assets and Liabilities
AssetsQ2 2020vs Q2 2019$4.37B$3.87B
LoansQ2 2020vs Q2 2019$2.99B$2.69B
DepositsQ2 2020vs Q2 2019$3.52B$3.01B
Equity CapitalQ2 2020vs Q2 2019$448.3MM$410.6MM
Loan Loss AllowanceQ2 2020vs Q2 2019$34.7MM$24.4MM
Unbacked Noncurrent LoansQ2 2020vs Q2 2019$20.9MM$38.3MM
Real Estate OwnedQ2 2020vs Q2 2019$20.2MM$18.6MM
Rates
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Always verify rates and promotions with the bank or credit union. We are not Hometown Community Banks; we are a rate comparison website and cannot provide official rates or promotions.

* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Hometown Community Banks Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.05%--Classic Savings
0.05%--Christmas Club
0.05%--Health Savings Account
0.00%*--Amazing Savings- interest credited as redeemable points
OTHER TIERS: 0.05% $5k+

Hometown Community Banks Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.10%--Money Market IRA
0.05%--Platinum Money Market

Hometown Community Banks Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
3.01%*-$5kThe Amazing Account- interest credited as redeemable points
OTHER TIERS: 0.05% $5k+
0.05%$1k-Interest Checking

Hometown Community Banks CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.07%*$100k*-10 Year CD
OTHER TIERS: 1.01% $1k - $100k
1.07%*$100k*-Business 10 Year CD
OTHER TIERS: 1.01% $1k - $100k
0.84%*$100k*-5 Year CD
OTHER TIERS: 0.78% $1k - $100k
0.84%*$100k*-Business 5 Year CD
OTHER TIERS: 0.78% $1k - $100k
0.57%*$100k*-39 Month CD Special
OTHER TIERS: 0.51% $10k - $100k
0.48%*$100k*-48 Month CD
OTHER TIERS: 0.42% $1k - $100k
0.48%*$100k*-Business 48 Month CD
OTHER TIERS: 0.42% $1k - $100k
0.47%*$100k*-9 Month CD Special
OTHER TIERS: 0.41% $1k - $100k
0.44%*$100k*-36 Month CD
OTHER TIERS: 0.38% $1k - $100k
0.44%*$100k*-Business 36 Month CD
OTHER TIERS: 0.38% $1k - $100k
0.31%*$100k*-24 Month CD
OTHER TIERS: 0.25% $1k - $100k
0.31%*$100k*-Business 24 Month CD
OTHER TIERS: 0.25% $1k - $100k
0.17%*$100k*-12 Month CD
OTHER TIERS: 0.11% $1k - $100k
0.17%*$100k*-Business 12 Month CD
OTHER TIERS: 0.11% $1k - $100k
0.14%*$100k*-6 Month CD
OTHER TIERS: 0.08% $1k - $100k
0.14%*$100k*-Business 6 Month CD
OTHER TIERS: 0.08% $1k - $100k
0.11%*$100k*-3 Month CD
OTHER TIERS: 0.05% $1k - $100k
0.11%*$100k*-Business 3 Month CD
OTHER TIERS: 0.05% $1k - $100k

Hometown Community Banks IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.07%*$100k*-10 Year IRA
OTHER TIERS: 1.01% $1k - $100k
0.84%*$100k*-5 Year IRA Special
OTHER TIERS: 0.78% $1k - $100k
0.48%*$100k*-48 Month IRA
OTHER TIERS: 0.42% $1k - $100k
0.44%*$100k*-36 Month IRA
OTHER TIERS: 0.38% $1k - $100k
0.31%*$100k*-24 Month IRA
OTHER TIERS: 0.25% $1k - $100k
0.17%*$100k*-12 Month IRA
OTHER TIERS: 0.11% $1k - $100k
Locations

Availability



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