Last $1.00 USD
Change Today 0.00 / 0.00%
Volume 0.0
HTWC On Other Exchanges
Symbol
Exchange
OTC US
As of 8:10 PM 10/28/14 All times are local (Market data is delayed by at least 15 minutes).

hometown bancorp inc/ny (HTWC) Snapshot

Open
$1.01
Previous Close
$1.00
Day High
$1.01
Day Low
$1.00
52 Week High
11/1/13 - $4.00
52 Week Low
10/28/14 - $1.00
Market Cap
2.3M
Average Volume 10 Days
789.9
EPS TTM
$0.29
Shares Outstanding
2.3M
EX-Date
05/2/12
P/E TM
3.4x
Dividend
--
Dividend Yield
--
Current Stock Chart for HOMETOWN BANCORP INC/NY (HTWC)

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hometown bancorp inc/ny (HTWC) Details

Hometown Bancorp, Inc. operates as the bank holding company for Walden Federal Savings and Loan Association that provides financial services to consumers and businesses in New York. Its deposit products include non-interest-bearing demand accounts, interest-bearing demand accounts, money market accounts, savings accounts, and certificates of deposit. The company’s loan portfolio comprises mortgage loans secured by one- to four-family residences, multi-family and commercial properties, land loans, commercial loans, consumer loans, and investment securities; and lines of credit, revolving credit facilities, term loans, and SBA term loans. It also offers cash management, direct deposit, investments, on-line banking, and bill pay services. In addition, the company provides insurance, leasing, and non-conforming loan products. It operates through branches in Walden, Montgomery, Monroe, Newburgh, and Otisville in New York. The company was founded in 1919 and is headquartered in Walden, New York. Hometown Bancorp, Inc. is a subsidiary of Hometown Bancorp MHC.

hometown bancorp inc/ny (HTWC) Top Compensated Officers

Chief Executive Officer and President
Total Annual Compensation: $73.3K
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $150.4K
Compensation as of Fiscal Year 2012.

hometown bancorp inc/ny (HTWC) Key Developments

Hometown Bancorp Inc., Annual General Meeting, May 14, 2014

Hometown Bancorp Inc., Annual General Meeting, May 14, 2014., at 16:00 US Eastern Standard Time. Location: 12 Main Street. Agenda: To elect one director to serve for a term of three years; to consider and ratify the selection of Bonadio & Co., LLP as independent accounting firm for fiscal year 2014; and to consider transact such other business as may properly come before the meeting and any adjournment or postponement of the meeting.

Hometown Bancorp, Inc. Announces Earnings Results for the Third Quarter and Nine Months Ended September 30, 2013; Announces Net Charge-Offs for the Third Quarter Ended September 30, 2013

Hometown Bancorp Inc. announced earnings results for the third quarter and nine months ended September 30, 2013. For the quarter, the company reported net interest income of $1,308,000 against $1,609,000 a year ago. The primary reasons for the decrease in net interest income during the quarter ended September 30, 2013, was the decrease in the average balance of interest earning assets of $5.7 million and a decrease in the average yield of interest-earning assets of 81 basis points to 4.15% when compared to the three months ended September 30, 2012. Loss before taxes was $3,742,000 against $237,000 a year ago. Net loss was $5,151,000 against $135,000 a year ago. Loss per basic and diluted common share was $2.28 against $0.06 a year ago. Negative return on average assets was 3.37% against 0.33% a year ago. Negative return on average equity was 28.83% against 2.72% a year ago. For the nine months, the company reported net interest income of $4,149,000 against $4,799,000 a year ago. The primary reasons for the decrease in net interest income during the nine months ended September 30, 2013, was the decrease in the average balance of interest earning assets of $12.2 million and a decrease in the average yield of interest-earning assets of 36 basis points to 4.39% when compared to the nine months ended September 30, 2012. Loss before taxes was $4,459,000 against income before income taxes of $128,000 a year ago. Net loss was $5,573,000 against net income of $101,000 a year ago. Loss per basic and diluted common share was $2.46 against earnings per basic and diluted share of $0.04 a year ago. Negative return on average assets was 4.85% against positive return on average assets of 0.08% a year ago. Negative return on average equity was 40.90% against positive return on average equity of 0.69% a year ago. Book value per share was $5.47 as at September 30, 2013. The net loss in the third quarter of 2013 and the year to date results were primarily due to an increase in the provision for loan losses, the establishment of a 100% valuation allowance for federal and state deferred tax assets, higher non-interest expenses and a decrease in net interest income and decrease in non-interest income. The company announced net charge-offs of $2.0 million during the third quarter ended September 30, 2013 compared to net charge-offs of $387,000 during the prior year period.

Hometown Bancorp Inc. Reports Unaudited Consolidated Financial Results for the Second Quarter and Six Months Ended June 30, 2013

Hometown Bancorp Inc. reported unaudited consolidated financial results for the second quarter and six months ended June 30, 2013. The company announced a net loss of $320,000 or $0.14 per diluted share, for the three months ended June 30, 2013 as compared to earnings of $119,000 or $0.05 per diluted share for the same period in 2012. Net interest income decreased by $164,000 or 10.3%, to $1.4 million for the three months ended June 30, 2013 compared to the prior year period. The primary reasons for the decrease in net interest income during the quarter ended June 30, 2013, was the decrease in the average balance of interest earning assets of $7.3 million and a decrease in the average yield of interest-earning assets of 36 basis points to 4.57% when compared to the three months ended June 30, 2012. Interest income was $1,515,000 against $1,727,000 for the same period of last year. Loss before taxes was $538,000 against income of $184,000 for the same period of last year. Negative return on average assets was 0.83% against return of 0.30% for the same period of last year. Negative return on average equity was 7.01% against return of 2.42% for the same period of last year. Net loss for the six months ended June 30, 2013 was $422,000 or $0.19 per diluted share as compared to earnings of $236,000 or $0.10 per diluted share for the same period in 2012. The decrease in the second quarter of 2013 and the year to date net income was primarily due to higher non-interest expenses, a decrease in net interest income, an increase in the provision for loan losses and a decrease in non-interest income. Net interest income decreased by $349,000 or 10.9%, to $2.8 million for the six months ended June 30, 2013 compared to the prior year period. The primary reasons for the decrease in net interest income during the six months ended June 30, 2013, was the decrease in the average balance of interest earning assets of $9.0 million and a decrease in the average yield of interest-earning assets of 35 basis points to 4.59% when compared to the six months ended June 30, 2012. Interest income was $3,032,000 against $3,486,000 for the same period of last year. Loss before taxes was $717,000 against income of $365,000 for the same period of last year. Negative return on average assets was 0.55% against return of 0.29% for the same period of last year. Negative return on average equity was 4.61% against return of 2.40% for the same period of last year. Book value per share was $7.68 against $8.44 for the same period of last year. Tangible book value per share was $7.41 against $8.14 for the same period of last year.

 

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