Statement of Condition
Statement of Condition
Dear Clients and Friends:
I am pleased to report that HOMEBANK has completed another successful year. With the face of retail banking changing rapidly, it has been our goal to stay relevant with our customers in this ever-changing environment. With this in mind, we implemented a new strategy for our retail branches, striving to design and equip them to be our customers “Banking Resource Centers”. This effort included customer service pods with currency recyclers, new discovery centers, and interactive digital platforms to assist and educate the customers wishing to become more familiar with our banking channels and services. Additionally, new digital Community and Rate Boards allow customers to visually see our products and services, be introduced to some of our business customers in the Business Spotlight, and check up on current events and the bank’s active social media platforms and much more, in a more Green Environment. New tablets are located on the Discovery centers are designed to engage the customer with our products and services.
We embarked on the “Banking Resource Center” concept rollout by installing this technology in our recently completed remodeling of our West Quincy location.
Additionally, we are excited to report we planned and installed the technology in our newest seventh location in Canton, MO, which will showcase the most technologically advanced banking equipment available.
The goal for 2017 is to introduce these new digital banking enhancements to all our existing branches. I would encourage you to stop by and check out these changes!
Our mission remains the same – providing superior service and competitive, cutting edge products and services to let you bank any way you prefer, in person or online.
Finally, I want to thank you for your business and support. It is our pleasure to serve you.
Joseph L. Thomas
Chief Executive Officer
Statement of Condition as of December 31st
|Cash & Due From Banks||$8,833,977||$ 8,703,065|
|Federal Funds Sold||$7,004,525||$ 8,253,851|
|Securities Available for Sale||$45,413,741||$ 30,798,832|
|Loans, less Allowance for Loss||$270,627,837||$ 268,926,308|
|Premises & Equipment||$12,528,165||$ 12,734,306|
|Other Assets||$3,600,197||$ 4,220,144|
|Total Assets||$348,008,442||$ 333,636,506|
|Time & Savings Deposits||$147,771,553||$ 147,163,739|
|Demand Deposits||$131,677,803||$ 120,876,016|
|Other Liabilities||$34,157,525||$ 32,604,449|
|Total Liabilities||$313,606,881||$ 300,644,205|
|Capital Stock||$1,225,000||$ 1,225,000|
|Retained Earnings||$25,851,930||$ 24,316,600|
|Unrealized Gains and Losses||$(121,369)||$ 4,702|
|Total Capital||$34,401,561||$ 32,992,302|
|Total Liabilities and Capital||$348,008,442||$ 333,636,506|