$25.2M
total assets, June 30, 1992
Hometown Bank was a state nonmember bank in Edison, NJ. It failed on Sep 25, 1992, and Somerset Trust Co took over its deposits. At its last report it held $25.2 million in assets.
Updated Oct 11, 2026 · numbers as of June 30, 1992
This bank failed
- Failed on
- Sep 25, 1992
- Assets
- $25.2M
- Deposits
- $24.8M
- Estimated cost
- $7.3M
- Deposits went to
- Somerset Trust Co, Somerville, NJ
Total assets
$25.2M
-18.3% in a year · -11.8% in a quarter
Deposits
$24.8M
-15.0% in a year · -10.9% in a quarter
Loans
$21.5M
-15.2% in a year · -3.1% in a quarter
Profit so far
-$642K
Jan 1 to Jun 30, 1992
Capital ratio
0.64%
-3.82 pts in a year
Return on assets
-4.54%
+0.31 pts in a year
Facts
- Type
- State nonmember bank
- Head office
- 1 Metroplex Drive, Edison, NJ, 08817
- County
- Middlesex
- Established
- Dec 27, 1988
- Failed
- Sep 25, 1992
- Employees
- 13
- Id
- b27416
Quarter by quarter
December 31, 1988 to June 30, 1992
Assets, deposits and loans
Each quarter end, US dollars
Profit by quarter
Net income of each quarter, the last 12
Ratios
Percent. Return on assets and net interest margin are yearly rates.
Related pages
Questions and answers
How big is Hometown Bank?
$25.2 million in total assets and $24.8 million in deposits as of June 30, 1992, with assets down 18.3% from a year before. Its loans were $21.5 million.
Is Hometown Bank profitable?
No: it lost $642,000 from January 1 to June 30, 1992. Its return on assets was -4.54% a year; about 1% is typical.
When did Hometown Bank fail?
Sep 25, 1992. Somerset Trust Co of Somerville, NJ took over its deposits. The estimated cost of the failure was $7.34 million.
Official public data from the reports every insured bank files each quarter. Profit so far runs from January 1 to the quarter end. Branch deposits are counted once a year, as of June 30. New quarters appear about two months after the quarter ends.