An African-American-owned Detroit thrift is in hot water with regulators, who say it failed to meet its Community Reinvestment Act obligations.

The Office of Thrift Supervision published its latest CRA performance evaluations this month. Only $30 million-asset Home Federal Savings Bank got a "needs to improve." The exam of records from December 1998 through September 1999 found that Home Federal maintained a loan-to-deposit ratio of 44.6% at a time when the ratios of like-size midwestern thrifts averaged 84.2%. Its lending activity during the review period "was very low, even considering its asset size and resources," the OTS report said.

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