Hot Bank Companies To Watch In Right Now

Hot Bank Companies To Watch In Right Now: HomeTrust Bancshares Inc (HTBI)

HomeTrust Bancshares, Inc. is a bank holding company. The Company operates through HomeTrust Bank (the Bank). The Bank is a federally chartered mutual savings bank with 20 retail offices located in North Carolina. The business of the Bank is conducted through its seven operating divisions: HomeTrust Bank, Cherryville Federal Bank, Home Savings Bank of Eden, Industrial Federal Bank of Lexington, Shelby Savings Bank, Tryon Federal Bank and Rutherford County Bank. Its wholly owned subsidiary, Western North Carolina Service Corporation (WNCSC), owns office buildings in Asheville and Hendersonville, North Carolina that are leased to the Bank and several other tenants. Effective July 31, 2013, it announced the completion of its acquisition of BankGreenville Financial Corporation, the holding company for BankGreenville.

Lending activities

The Bank's loan portfolio is organized into two segments (retail consumer loans and commercial loans) and into four classes within each segment. Its loan portfolio also includes one to four family loans, commercial real estate loans, home equity lines of credit, commercial loans and consumer loans. The Bank underwrites its retail consumer loans using automated credit scoring and analysis tools. These credit scoring tools take into account factors, such as payment history, credit utilization, length of credit history, types of credit in use and recent credit inquiries. One to four family and construction and land/lot loans are to individuals and are typically secured by one-to-four family residential property, undeveloped land, and partially developed land in anticipation of pending construction of a personal residence. Consumer loans include loans secured by deposit accounts or personal property, such as automobiles, boats, and motorcycles, as well as unsecured consumer debt! .

The Bank's commercial loans are centrally underwritten based primarily on the customer's ability to generate the required cash flow to service the debt in a! ccordance with the contractual terms and conditions of the loan agreement. Real estate owned consists of real estate acquired as a result of customers' loan defaults.

Investment activities

The Company's investment securities consist of United States Government Agencies, Residential Mortgage-backed Securities of United States Government and Agencies. It also includes Government-Sponsored Enterprises. Securities available for sale were $26.7 million, as of March 31, 2012.

Sources of funds

The Company offers a variety of deposit accounts for individuals, businesses and nonprofit organizations. Deposits are its primary source of funds for lending and investing activities.

Advisors' Opinion:

• [By Tim Melvin]

  Home Trust Bancshares (HTBI) is another example of a cheap, well-financed community bank that has the potential for strong performance over the next couple of years. While the bank's nonperforming assets are a little above average at 3.87% of total assets, HTBI has plenty of excess capital. The equity-to-assets ratio is more than 20 as of the end of the third quarter, and HTBI has been using its capital to buy back HTBI shares below book value.

source from Top Stocks Blog:http://www.topstocksblog.com/hot-bank-companies-to-watch-in-right-now.html