Nature of Operations |
6 Months Ended |
|---|---|
Jun. 30, 2026 | |
| Nature of Operations | |
| Nature of Operations | 2.Nature of Operations Hoyne Savings Bank is an Illinois stock institution. The Bank operates as a segment and its principal business consists of originating commercial real estate loans (including commercial construction), commercial and industrial loans, one to four residential loans, and to a lesser extent, home equity loans and lines of credit and other consumer loans in the market areas surrounding its branch footprint. The Bank also established a loan production office in Oak Park, Illinois in 2023 and attracts retail deposits from the general public as well as deposits from commercial customers in the areas surrounding the main office and branches, offering a wide variety of deposit products and services. The Bank also invests in securities. Its revenues are derived primarily from interest on loans and investment securities. Its primary sources of funds are deposits and principal and interest payments on loans and investment securities. |