HomeTrust Bancshares, Inc. Announces Net Charge Offs for the First Quarter Ended September 30, 2020
October 29, 2020 at 12:24 pm EDT
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HomeTrust Bancshares, Inc. announced net charge offs for the first quarter ended September 30, 2020. For the quarter, the company reported net loan charge-offs totaled $699,000 compared to $115,000 for the same period last year.
HomeTrust Bancshares, Inc. is the holding company for HomeTrust Bank (the Bank). The Bank is a North Carolina state chartered, community-focused financial institution. The Bank provides value-added relationship banking with over 30 locations, as well as online/mobile channels. The Bank's principal business consists of attracting deposits from the general public and investing those funds, along with borrowed funds, in commercial real estate loans, construction and development loans, commercial and industrial loans, equipment finance leases, municipal leases, loans secured by first and second mortgages on one-to-four family residences, including home equity loans, and other consumer loans. In addition, it invests in debt securities issued by United States Government agencies and GSEs, municipal bonds, corporate bonds, commercial paper and certificates of deposit insured by the FDIC. It offers a variety of deposit accounts for individuals, businesses and nonprofit organizations.
HOMETRUST BANCSHARES, INC. 
