Hometown Bank
FDIC #31028
📍 Redwood Falls, Minnesota
Hometown Bank is a commercial bank, state charter and fed nonmember, supervised by the fdic. established in 01/01/1924. With assets of $571.07 Million, it operates 11 domestic branches.
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Community Reinvestment Act (CRA) Rating
Latest Exam: February 1, 2024
What is CRA? The Community Reinvestment Act (CRA) is a federal law that encourages banks to help meet the credit needs of the communities in which they operate, including low- and moderate-income neighborhoods.
Rating History
February 1, 2024
Satisfactory
February 1, 2021
Satisfactory
💰 Financial Strength
Total Assets$571.07 Million
Total Deposits$513.28 Million
Equity Capital$31.60 Million
Net Income$1.91 Million
📈 Performance
ROA0.46%
ROE7.64%
Financial Terms:
ROA (Return on Assets): Measures profitability relative to size. 1.0%+ is good.
ROE (Return on Equity): Measures profitability for shareholders. 10%+ is strong.
ROA (Return on Assets): Measures profitability relative to size. 1.0%+ is good.
ROE (Return on Equity): Measures profitability for shareholders. 10%+ is strong.
📋 Corporate Structure
Established01/01/1924
FDIC Cert31028
Holding CoRedwood Financial Inc
Parent CertNA - Not listed as a child of a larger bank.
Last ChangeAugust 31, 2022
Foreign Offices0
SAIF InsuredNo
State CharteredYes
🕰️ Lobby Hours
Monday8:30 AM - 5:00 PM
Tuesday8:30 AM - 5:00 PM
Wednesday8:30 AM - 5:00 PM
Thursday8:30 AM - 5:00 PM
Friday8:30 AM - 5:00 PM
SaturdayClosed
SundayClosed
📜 Institutional History
2009
Relocation
Moved HQ to: 1000 East Cook St, Redwood Falls, MN 56283.
2004
Name Change
Name became: Changed Institution Name To Hometown Bank.
2000
Name Change
Name became: Changed Institution Name To Hometown Bank.