The group's principal activity is to accept retail deposits from the general public and use such deposits to lend mortgage loans secured by real estate. The group operates through its subsidiary, Home Savings Bank of Albemarle Inc. SSB. The financial services provided by the group include demand deposits, certificates of deposit, real-estate mortgage loans, non-residential loans, consumer loans and commercial loans. The group offers mortgage loans secured by residential real property, including one-to-four family residential real estate loans, home equity line of credit loans and other subordinate lien loans.
