HomeTrust Bancshares, Inc. is a bank holding company, which engages in the business of planning, directing, and coordinating business activities of HomeTrust Bank. The company is headquartered in Asheville, North Carolina and currently employs 539 full-time employees. The company went IPO on 2011-12-27. The Bank is a state-chartered, community-focused financial institution committed to providing value-added relationship banking with over 30 locations, as well as online/mobile channels. Its 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. The company also originates one-to-four family loans, SBA loans and HELOCs to sell to third parties. The company invests in debt securities issued by the United States Government agencies and GSEs, municipal bonds, corporate bonds, commercial paper and certificates of deposit insured by the Federal Deposit Insurance Corporation.
