Hometown Bank (Carver, MN)
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Data as of · sourced from FFIEC call reports. How we update
Hometown Bank is an FDIC-insured commercial bank headquartered in Carver, MN, established in 1924 (FDIC certificate 31028), and it is supervised by the FDIC. At Q2 2026 it reported total assets of $691.9M, up 10.2% from Q2 2025, the 33rd largest of 221 banks headquartered in Minnesota. Its CET1 capital ratio was 10.75% at Q2 2026, above regulatory requirements.
- Charter
- Commercial bank
- Regulator
- FDIC
- Deposit insurance
- FDIC
- FDIC certificate
- 31028
- Headquarters
- Carver, MN
- Established
- 1924
- Total assets, Q2 2026
- $691.9M
- Assets vs Q2 2025
- +10.2%
- CET1 ratio, Q2 2026
- 10.75%
- Domestic offices
- 11 FDIC institution directory, current count
- Routing number
- 291270461
- Holding company
- REDWOOD FINANCIAL, INC.
- Asset rank in state
- 33rd of 221 in Minnesota
Hometown Bank operates with a thinner capital cushion than most banks of its size. Its balance sheet stood at $692 million at June 30, 2026, up 10.2% from a year earlier; it is based in Carver, Minnesota. It holds common equity equal to 10.75% of its risk-weighted assets, lower than about 9 in 10 of the 2,660 banks with $100 million to $1 billion in assets (median 15.12%). It also grew its loan book 23.3% over the year, 4.3 times the median of 5.5% for banks its size.
Loans are outrunning deposits: over the year loans rose 23.3% and deposits rose 9.5%. Its $125 million commercial and industrial book is improving, with 0.06% past due or on nonaccrual, down from 0.58% a year earlier.
As of June 30, 2026, Hometown Bank reported a CET1 capital ratio of 10.75%, a return on assets of 0.96%, a nonperforming-loan ratio of 0.37% and a Texas ratio of 3.39%. The figures come from its call report filed with the FFIEC.
By total assets at Q2 2026, Hometown Bank is the 33rd largest of the 221 banks headquartered in Minnesota. Quarter on quarter (Q1 2026 to Q2 2026), its total assets rose 2.8% to $691.9M, loans rose 3.6% and deposits rose 2.4%. Its loan book on June 30, 2026 was led by 1-4 family residential loans, at 34.3% of total loans, followed by commercial and industrial loans at 24.2%. The FDIC Summary of Deposits lists 11 offices for it, in 11 cities in MN; its Waconia office books 23% of its branch deposits. On its Q2 2026 call report, Hometown Bank meets every capital ratio test for well capitalized.
Headquarters Profile
- Address
- 1600 Monroe Drive, Carver, MN 55315
- County
- Carver
- Metro Area
- Minneapolis-St. Paul-Bloomington, MN-WI
- Charter
- Commercial bank, state charter, Fed non-member, FDIC-supervised
- Primary Regulator
- FDIC
- FDIC Region
- Kansas City (Region 11)
- Federal Reserve member
- No
- Federal Reserve district
- District 9, Minneapolis
- Fiduciary (trust) powers
- —
- Call Report form
- FFIEC 051
- Established
- January 1, 1924
- Domestic offices
- 11 FDIC institution directory, current count
- Employees (FTE)
- 142
- Domestic deposits
- $617.5M
- Allowance for credit losses
- $6.4M
- Net charge-offs (YTD)
- -$3K
- Average total assets
- $689.7M
- Average total loans
- $506.7M
- Average interest-bearing deposits
- $513.1M
- Tax status
- C corporation
- Ownership
- Stock
- Community bank
- Yes
- FDIC-insured since
- August 9, 1989
- FDIC Cert
- 31028
- Fed RSSD
- 788773
- SEC CIK
- 942895 → filed by REDWOOD FINANCIAL, INC.
- Website
- www.myht.bank →
- Parent Holding Company
- REDWOOD FINANCIAL, INC. (RSSD 3800797) · REDW
Profitability
Q2 annualizedCapital & Liquidity
Balance Sheet
Income Statement
Operating & Funding
Ratios tagged annualized use the Q2 income alone. The UBPR and FDIC annualize the year to date instead. FDIC BankFind divides by the average of quarter-end total assets, the UBPR by RC-K average assets. The YTD margin is the UBPR's tax-equivalent figure over its own average earning assets; FDIC BankFind's margin is not tax-equivalent. How we compute these figures
Quarterly trends
Hometown Bank's total assets moved between a low of $571.1M (Q3 2023) and a high of $691.9M (Q2 2026) from Q3 2023 to Q2 2026, and it earned a profit in all 12 quarters. The line under each chart compares Q2 2026 with Q2 2025. How these charts are built
$691.9M total assets against $628.0M; $638.1M total liabilities against $582.1M.
$509.1M net loans and leases against $412.3M; $617.5M total deposits against $564.0M.
$122.6M securities against $155.4M; $14.7M cash and balances due against $15.2M.
$9.0M total interest income against $7.3M; $2.2M total interest expense against $2.0M.
$6.8M net interest income against $5.3M.
$1.2M total noninterest income against $994K; $5.5M total noninterest expense against $4.4M.
$153K provision for credit losses against $295K.
$1.7M net income against $1.6M.
0.96% return on assets against 0.99%; 4.17% net interest margin against 3.62%.
10.75% CET1 capital ratio against 11.68%; 8.28% tier 1 leverage ratio against 8.22%.
Inside the full Hometown Bank terminal
21 quarters of trends · 8 tabs · peer percentiles · watchlist alerts
Unlock this bank, freeHometown Bank rankings
Its closest position to the top of a national ranking is 1,370 of 4,196, for total assets; its furthest is 2,010 of 2,134, for CET1 ratio.
Quarterly trend: last 8 quarters
Across the 8 quarters to Q2 2026, its return on assets ran from 0.33% (Q4 2024) to 0.99% (Q2 2025) and its net interest margin ran from 3.27% (Q3 2024) to 4.17% (Q2 2026).
| Quarter | CET1 | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 10.75% | 0.96% | 0.37% | 3.39% | 4.17% |
| Q1 2026 | 10.82% | 0.71% | 0.44% | 4.09% | 4.08% |
| Q4 2025 | 11.49% | 0.70% | 0.59% | 5.09% | 3.85% |
| Q3 2025 | 11.64% | 0.83% | 0.30% | 2.59% | 3.81% |
| Q2 2025 | 11.68% | 0.99% | 0.32% | 2.83% | 3.62% |
| Q1 2025 | 12.28% | 0.65% | 0.79% | 6.85% | 3.51% |
| Q4 2024 | 12.12% | 0.33% | 0.16% | 1.47% | 3.40% |
| Q3 2024 | 12.03% | 0.56% | 0.13% | 1.16% | 3.27% |
Swipe the table sideways to see every column.
Branch Network
View all 11 branches → Branch count from the FDIC Summary of Deposits, June 30, 2026. The domestic office count above is the FDIC's current figure, so the two can differ.
| Branch | Location | ZIP | Deposits |
|---|---|---|---|
| Waconia Branch | Waconia , MN | 55387 | $143.3M |
| Vierling Drive West Office Branch | Shakopee , MN | 55379 | $81.3M |
| Jordan Branch | Jordan , MN | 55352 | $80.5M |
| 1115 West Lincoln Branch | Olivia , MN | 56277 | $77.1M |
| Redwood Falls Branch | Redwood Falls , MN | 56283 | $54.9M |
| Cleveland Branch | Cleveland , MN | 56017 | $52.5M |
| St. Peter Branch | St. Peter , MN | 56082 | $45.7M |
| Le Sueur Branch | Le Sueur , MN | 56058 | $28.7M |
| Henderson Branch | Henderson , MN | 56044 | $19.9M |
| Hometown Bank (main office) | Carver , MN | 55315 | $18.4M |
| Victoria Branch | Victoria , MN | 55386 | $15.0M |
Regulatory record
Facts as filed or published, not a rating.
- Deposit market share
- 0.2% of deposits in MN, rank 50 of 277 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- Mortgage lending (HMDA)
- 372 applications, 318 loans originated, $74.9M originated, across 4 states
- Period: Calendar year 2025. Source: FFIEC HMDA loan application register.
- SBA 7(a) lending
- 1 loans, $5.0M approved, $5.0M average. 0.00% of that year's loans have since been charged off
- Period: Federal fiscal year 2024 (October to September). Source: SBA 7(a) and 504 loan data (FOIA).
- Not on file
- Enforcement actions, Consumer complaints, CFPB enforcement, CRA examination rating. No record from these sources, which is not the same as a clean record. Sources
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Frequently asked about Hometown Bank
What are Hometown Bank's total assets?
As of the Q2 2026 filing, Hometown Bank reported total assets of $691.9 million in its FFIEC call report.
Where is Hometown Bank headquartered?
It is headquartered in Carver, MN, United States.
When was Hometown Bank founded?
It was established in 1924, per the FDIC institution directory.
Is Hometown Bank FDIC-insured?
Yes. It is an FDIC-insured commercial bank (FDIC Certificate #31028). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category, per FDIC rules.
Who regulates Hometown Bank?
Hometown Bank's primary federal regulator is the FDIC.
What is Hometown Bank's CET1 capital ratio?
It reported a Common Equity Tier 1 (CET1) capital ratio of 10.75% in its Q2 2026 call report, above regulatory requirements.
How many branches does Hometown Bank operate?
It operates 11 domestic offices, per the FDIC institution directory. That count includes administrative and limited-service offices as well as full-service branches.
What is Hometown Bank's Texas Ratio?
Its Texas Ratio is 3.39% in its Q2 2026 call report, within the healthy range (at or below 50%, the level at which problem assets reach half of the capital cushion). The Texas Ratio measures non-performing assets against the bank's capital and reserves.
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