Home Savings Bank (merged into First Federal Bank of the Midwest)
Home Savings Bank reported total assets of $2.9 bn at Q4 2019, its last Call Report before it merged into First Federal Bank of the Midwest. The CET1 capital ratio at Home Savings Bank was 13.34%, and the uninsured share of Home Savings Bank was 17.82%. Source: FDIC Call Reports.
Key takeaways
- Since , Home Savings Bank has taken over one institution; the latest was The Home Savings and Loan Company of Youngstown, Ohio on (FDIC Call Reports).
What sets Home Savings Bank apart
How large is Home Savings Bank?
The balance sheet of Home Savings Bank at : assets $2.9 bn, deposits $2.3 bn, net loans $2.3 bn (loans equal to 100.09% of deposits). Securities make up 10.7% of total assets at Home Savings Bank. Since , when Home Savings Bank held $319.1 mn, its assets grew 795.4%. In the year to , deposits at Home Savings Bank rose 3.7% while its total assets rose 2.0%. At , Home Savings Bank employed 462 full-time equivalent staff across 35 offices, about $6.2 mn of assets per employee and $67.0 mn of deposits per office.
How much funding at Home Savings Bank is uninsured?
At Home Savings Bank, uninsured deposits (above the FDIC limit) made up 17.82% of domestic deposits at (+4.72 pp on a year earlier). In dollars, Home Savings Bank estimated $418.0 mn of uninsured deposits.
Key facts, Q4 2019
| Metric | Value | A year earlier | US rank |
|---|---|---|---|
| Total deposits | $2.3 bn | $2.3 bn (Q4 2018) | |
| Net loans and leases | $2.3 bn | $2.3 bn (Q4 2018) | |
| Loan-to-deposit ratio | 100.09% | 100.31% (Q4 2018) | |
| Tier 1 leverage ratio | 10.25% | 10.11% (Q4 2018) | |
| Total risk-based capital ratio | 14.21% | 14.30% (Q4 2018) | |
| Net interest margin | 3.27% | 3.44% (Q4 2018) | |
| Return on assets (ROA) | 1.33% | 1.31% (Q4 2018) | |
| Efficiency ratio | 57.78% | 58.55% (Q4 2018) | |
| Unrealized gain/loss on available-for-sale securities | Gain of $4.6 mn | Turned from a loss into a gain | |
| Noncurrent loans to total loans | 0.54% | 0.29% (Q4 2018) | |
| Net charge-offs to average loans | 0.06% | 0.07% (Q4 2018) |
US rank of Home Savings Bank: 1 = highest unless marked 1 = lowest.
Balance sheet
Home Savings Bank: assets, deposits and loans
- Total assets $2.9bn
- Deposits $2.3bn
- Net loans $2.3bn
Capital and securities
The CET1 ratio of Home Savings Bank stood at 13.34% in , 0.00 pp year on year. Low and high at Home Savings Bank since : 11.22% () to 13.78% (). Equity capital of Home Savings Bank at : $299.0 mn, or 10.5% of total assets. Home Savings Bank also reported a total capital ratio of 14.21% for , and a tier 1 leverage ratio of 10.25%.
The available-for-sale portfolio of Home Savings Bank showed an unrealized gain of $4.6 mn at ; the gain turned from a loss into a gain over the year.
Home Savings Bank: capital ratios
- Total capital 14%
- CET1 13%
- Tier 1 leverage 10%
Home Savings Bank: unrealized securities gains and losses
- Available for sale $5mn
- Held to maturity $0
Profitability and loan quality
For the year to , Home Savings Bank earned a return on equity of 13.03%; return on assets: 1.33%. Net interest margin at Home Savings Bank: 3.27%, -0.17 pp in a year. Home Savings Bank net income: $37.8 mn, up 5.8% year on year. The efficiency ratio of Home Savings Bank was 57.78%: about 58 cents cost per revenue dollar, against 55 cents at the median peer.
At , noncurrent loans were 0.54% of total loans at Home Savings Bank; net charge-offs: 0.06% of average loans. Gross loans and leases at Home Savings Bank: $2.4 bn at , against $2.3 bn at .
Home Savings Bank: profitability
- Return on equity 13%
- Net interest margin 3.3%
- Return on assets 1.3%
Peer group of Home Savings Bank
The peer group of Home Savings Bank is the 6 banks nearest to it by total assets at : 3 larger and 3 smaller. Of the peers, 2 share the charter type of Home Savings Bank (state nonmember bank) and 0 have head offices in Ohio. Against them, Home Savings Bank shows CET1 ratio 13.34% against a peer median of 14.02%, return on equity 13.03% against a peer median of 11.40% and uninsured deposit share 17.82% against a peer median of 37.14%.
| Bank | Charter | State | Total assets | CET1 ratio | Return on equity | Uninsured share | |
|---|---|---|---|---|---|---|---|
| Industrial and Commercial Bank of China USA | National bank | NY | $2.9 bn | 15.42% | 6.27% | 33.12% | |
| Burke & Herbert Bank & Trust Company | State member bank | VA | $2.9 bn | 16.47% | 4.79% | 25.12% | |
| Northbrook Bank and Trust Company | National bank | IL | $2.9 bn | 11.91% | 15.43% | 48.38% | |
| Home Savings Bank | State nonmember bank | OH | $2.9 bn | 13.34% | 13.03% | 17.82% | |
| Cambridge Trust Company | State nonmember bank | MA | $2.9 bn | 12.62% | 11.69% | 41.16% | |
| Revere Bank | State nonmember bank | MD | $2.9 bn | 10.99% | 11.12% | 25.58% | |
| John Deere Financial, f.s.b. | Federal savings bank | WI | $2.8 bn | 20.87% | 21.98% | 99.98% | |
. FDIC Call Reports.
Last eight quarters
Two years at Home Savings Bank, to : assets $2.7 bn to $2.9 bn, deposits $2.1 bn to $2.3 bn, equity $274.0 mn to $299.0 mn. Staff 485 to 462; offices 37 to 35.
| Metric | Q1 2018 | Q2 2018 | Q3 2018 | Q4 2018 | Q1 2019 | Q2 2019 | Q3 2019 | Q4 2019 |
|---|---|---|---|---|---|---|---|---|
| Total assets | $2.7 bn | $2.8 bn | $2.8 bn | $2.8 bn | $2.8 bn | $2.9 bn | $2.9 bn | $2.9 bn |
| Total deposits | $2.1 bn | $2.2 bn | $2.4 bn | $2.3 bn | $2.3 bn | $2.3 bn | $2.2 bn | $2.3 bn |
| Bank equity capital | $274.0 mn | $272.8 mn | $271.4 mn | $281.0 mn | $281.8 mn | $295.3 mn | $293.1 mn | $299.0 mn |
| CET1 ratio | 13.45% | 13.16% | 12.96% | 13.34% | 12.96% | 13.23% | 12.83% | 13.34% |
| Return on equity (ROE) | 11.86% | 12.62% | 12.93% | 12.99% | 11.59% | 12.74% | 13.14% | 13.03% |
| Uninsured share of domestic deposits | 13.73% | 14.10% | 12.96% | 13.10% | 15.44% | 15.83% | 18.75% | 17.82% |
| Full-time equivalent employees | 485 | 500 | 487 | 487 | 490 | 494 | 489 | 462 |
| Number of offices | 37 | 37 | 37 | 37 | 36 | 35 | 35 | 35 |
FDIC Call Reports.
Mergers and acquisitions
The FDIC history of Home Savings Bank, oldest first; figures before and after each event are not like for like.
- . Absorbed The Home Savings and Loan Company of Youngstown, Ohio (FDIC certificate 28114).
- . Merged into First Federal Bank of the Midwest (FDIC certificate 29845).
Large one-quarter moves at Home Savings Bank
- Total assets at Home Savings Bank changed by +617.7% in the quarter to 2017-03-31: Merger -Without Assistance; Participated in Absorbtion/Consolidation/Merger: acquired from The Home Savings and Loan Company of Youngstown, Ohio.
Questions and identifiers
What were the total assets of Home Savings Bank?
Home Savings Bank reported $2.9 bn at in its Call Report.
Is Home Savings Bank the same as its holding company?
No. This page covers Home Savings Bank, FDIC certificate 35385; UNITED CMTY FINANCIAL CORP (as reported to the FDIC), its holding company, reports separately to the Federal Reserve.
Is Home Savings Bank profitable?
Home Savings Bank reported net income of $37.8 mn for the year to ; annualized return on equity: 13.03%. So yes: Home Savings Bank made a profit over these months.
When is data for Home Savings Bank next updated?
Home Savings Bank no longer files Call Reports; its data ends at .
Where can I check the figures for Home Savings Bank?
In the FDIC BankFind Suite record for certificate 35385, and in the Call Reports of Home Savings Bank (RSSD ID 932277) at the FFIEC Central Data Repository.