HomeTrust Bancshares’ merger and acquisition strategy is to target banks in growing markets with assets between $300 million to $800 million, and for other deals that will be accretive to its earnings by at least 10 percent.

The Asheville-based company said in the Securities and Exchange Commission filing that it wants to make acquisitions to grow its geographic footprint and will look for deals for banks with a strong core deposit base and a good cultural fit.

HomeTrust said in the filing it expects to continue to grow but says it still has a focus around its culture and maintaining its place in the market.

The company reported net income of $3.3 million for the second quarter, up $744,000, or 29 percent, from $2.5 million for the same period in 2015.

HomeTrust Bancshares recently added indirect auto lending as a line of business and now has a portfolio of over $108 million in loans in just 30 months.

It also grew its construction loan business to $164 million this year from $48 million in 2015.

HomeTrust Bancshares is the sixth-largest community bank headquartered in North Carolina. Its shares closed Sept. 15 at $19.07, up 7 cents for the day.

The filing can be found here.