The company has not filed an annual or quarterly report since its FY2018 10-K, filed Mar 15, 2019. Its latest SEC filing is a 15-12B from Apr 11, 2019.
10-K for FY2018, filed Mar 15, 2019
The sections below describe the company as of the FY2018 annual report.
Provides deposit accounts, commercial and personal loans, and mortgage services to individuals, businesses, and real estate investors.
10-K for FY2018, filed Mar 15, 2019The Bank is a community-oriented financial institution that provides varied banking services to individuals, small and medium-sized…View ↗
The Bank offers a full range of banking services to small and medium-size businesses, real estate investors and developers, private…View ↗
Deposit Services. The Bank offers a full range of deposit services that are typically available in most banks, savings banks and credit…View ↗
Lending Services. The Bank also offers a full range of short-to-medium term commercial and personal loans. Commercial loans include both…View ↗
Consumer Residential Mortgage Origination. The Bank has expanded their residential mortgage origination operations over the last few years.…View ↗
The bank earns interest on loans and collects service charges and fees on deposit products. It also earns fees from mortgage origination services and investment-account fees and transaction commissions.
10-K for FY2018, filed Mar 15, 2019Private Banking. At the end of 2015, the Bank began offering personalized banking solutions to work with customers to clarify financial…View ↗
Consumer Residential Mortgage Origination. The Bank has expanded their residential mortgage origination operations over the last few years.…View ↗
Investment Services. HomeTown Investment Services, Inc., opened in April 2013, provides diverse investment products and financial advisory…View ↗
$21.9M
10-K for FY2018, filed Mar 15, 2019
$21.9M ↗| Segment | Share | Revenue |
|---|---|---|
|
Deposit Account
|
25% |
Deposit Account, FY2018
$578K Sources
|
|
Financial Service, Other
|
45% |
Financial Service, Other, FY2018
$1.1M Sources
|
|
Mortgage Banking
|
30% |
Mortgage Banking, FY2018
$712K Sources
|
The bank serves individuals, businesses, and real estate and investment customers through its offices. It also solicits deposit accounts from individuals, businesses, associations, and organizations; investment and insurance products are offered through LPL Financial.
10-K for FY2018, filed Mar 15, 2019The Bank offers a full range of banking services to small and medium-size businesses, real estate investors and developers, private…View ↗
Deposit Services. The Bank offers a full range of deposit services that are typically available in most banks, savings banks and credit…View ↗
Investment Services. HomeTown Investment Services, Inc., opened in April 2013, provides diverse investment products and financial advisory…View ↗
Yes. It kept 18 cents of every revenue dollar as net income in FY2018 and turned 30 cents into free cash flow.
10-K for FY2018, filed Mar 15, 2019
8-K, filed Apr 4, 2019
Effective April 1, 2019 (the “Effective Time”), HomeTown Bankshares Corporation (“HomeTown”) completed its previously announced merger (the…View ↗
Grew. Revenue grew 19% in 3 years, from $18.4M in FY2015 to $21.9M in FY2018, about 6% a year.
Private-client revenue mix
The older report says wealth-management income came mainly from fees based on account values and transaction commissions; the latest says private-banking income comes mainly from loan interest and deposit charges and fees.
10-K for FY2015, filed Mar 30, 2016 10-K for FY2018, filed Mar 15, 2019Revenue from wealth management activities is comprised mostly of fees based upon the market value of the accounts under administration as…View ↗
Private Banking. At the end of 2015, the Bank began offering personalized banking solutions to work with customers to clarify financial…View ↗
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