First Hope Bank, A National Banking Association in Hope, New Jersey (NJ)
Overview, Financial Summary, Detailed Financial Reports, Branches

  • First Hope Bank, A National Banking Association in Hope, New Jersey (NJ)
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First Hope Bank, A National Banking Association - Overview

  • General
  • FDIC Certificate #: 6354
    Status: Active
    Federal Reserve ID: 434203
    Bank Holding Company (Regulatory Top Holder): First Hope Bancorp (RSSDID: 3609132, Location: Hope, NJ)
    Date Established: September 11, 1911
    Trust Powers Granted: Yes
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 6 (Domestic: 6, Interstate: No)
    OTS Docket #: 10329
    FDIC's unique #: 4274
    Numeric code: 3
    Regulator: OCC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: No
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: June 02, 2010
    Last Structure Change Process Date: June 02, 2010
    Last Data Update: June 02, 2010
    Data Source Date: April 05, 2012
  • Location
  • Address: 1301 Hope-Bridgeville Rd., Hope, NJ 7844
    County: Warren
    Quarterly Banking Profile Region: New York
    FDIC Geographic Region: New York
    FDIC Supervisory Region: New York
    FDIC Field Office: Jamesburg
    Office of the Comptroller the Currency (OCC) District: Northeast
    Office of Thrift Supervision Region: Northeast
    Metropolitan Statistical Area (MSA): Newark, NJ (#5640)
    Consolidated Metropolitan Statistical Area (CMSA): New York-Northern New Jersey-Long Island, NY-NJ-CT-PA (#70)
    Core Based Statistical Area (CBSA): Allentown-Bethlehem-Easton, PA-NJ (#10900)
    CBSA Metro Statistical Area: Allentown-Bethlehem-Easton, PA-NJ (#10900)
  • History of Changes
  • Change in Location
  • Financial Summary
  • Total assets: $417.7 mil
    Equity capital: $35.6 mil
    Deposits held in domestic offices: $347.8 mil
    Return on assets (ROA): 0.44% ($1.8 mil)
    Quarterly return on assets: 0.46% ($1.9 mil)
    Return on Equity (ROE): 5.39% ($1.9 mil)
    Quarterly return on equity: 5.37% ($1.9 mil)
    Net income: $1.8 mil
    Quarterly Net income: $0.5 mil
    Pretax return on assets: 0.51% ($2,130.5 mil)
    Quarterly Pretax return on assets: 0.42% ($1,754.5 mil)

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

2000 - 2011 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Historical total employees (full-time equivalent)

Assets and Liabilities (December 31, 2011)

  • Dollar figures in thousands
  • 168Total employees (full-time equivalent)
  • $417,738Total assets
  • $7,881Cash and due from depository institutions
  • $5,969Interest-bearing balances
  • $75,486Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $297,780Net loans & leases
  • $4,094Loan loss allowance
  • $0Trading account assets
  • $19,676Bank premises and fixed assets
  • $1,056Other real estate owned
  • $0Goodwill and other intangibles
  • $417,738Life insurance assets
  • $15,859All other assets
  • $382,123Total liabilities and capital
  • $347,795Total liabilities
  • $328,392Total deposits
  • $347,795Interest-bearing deposits
  • $83Deposits held in domestic offices
  • 23648.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $3,300Trading liabilities
  • $0Other borrowed funds
  • $7,380Subordinated debt
  • $35,615All other liabilities
  • $35,615Total equity capital
  • $35,615Total bank equity capital
  • $0Perpetual preferred stock
  • $750Common stock
  • $3,148Surplus
  • $31,717Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $23,928Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $6,987Income earned, not collected on loans
  • $0Earning assets
  • $1,166Long-term assets (5+ years)
  • $379,235Average Assets, year-to-date
  • $181,097Average Assets, quarterly
  • $414,771Volatile liabilities
  • $416,843Insider loans
  • $310,748FHLB advances
  • $413,743Loans and leases held for sale
  • $9,639Unused loan commitments
  • $9,499Tier 1 (core) risk-based capital
  • $35,050Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $140Total unused commitments
  • $48,967Restructured Loans and leases
  • $3,461Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $17,184Total interest income
  • $2,631Total interest expense
  • $14,553Net interest income
  • $361Provision for loan and lease losses
  • $9,567Total noninterest income
  • $703Fiduciary activities
  • $1,098Service charges on deposit accounts
  • $0Trading account gains & fees
  • $7,766Additional noninterest income
  • $21,668Total noninterest expense
  • $14,088Salaries and employee benefits
  • $3,753Premises and equipment expense
  • $3,827Additional noninterest expense
  • $2,091Pre-tax net operating income
  • $25Securities gains (losses)
  • $290Applicable income taxes
  • $1,826Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,826Net income attributable to bank
  • $0Net charge-offs
  • $1,826Cash dividends
  • $635Sale, conversion, retirement of capital stock, net
  • $198Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.57%Yield on earning assets
  • 0.70%Cost of funding earning assets
  • 3.87%Net interest margin
  • 2.54%Noninterest income to earning assets
  • 5.76%Noninterest expense to earning assets
  • 0.44%Net operating income to assets
  • 0.44%Return on assets (ROA)
  • 0.51%Pretax return on assets
  • 5.39%Return on equity (ROE)
  • 4.80%Retained earnings to average equity (YTD only)
  • 0.22%Net charge-offs to loans
  • 56.85%Credit loss provision to net charge-offs
  • 3.86%Efficiency ratio
  • 89,834Assets per employee
  • 2.49%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 10.84%Loss allowance to loans
  • 1.36%Loss allowance to noncurrent loans
  • 58.59%Noncurrent assets plus other real estate owned to assets
  • 1.93%Noncurrent loans to loans
  • 2.31%Net loans and leases to deposits
  • 85.62%Net loans and leases to core deposits
  • 87.66%Equity capital to assets
  • 8.53%Core capital (leverage) ratio
  • 8.47%Tier 1 risk-based capital ratio
  • 11.28%Total risk-based capital ratio
  • Memoranda
  • $13Average assets
  • $414,771Average earning assets
  • $33,901Average equity
  • $376,274Average loans

Total Fiduciary and Related Assets (December 31, 2011)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $89,273Managed Assets
  • 1Number of Accounts
  • $77,160Personal trust and agency accounts
  • $68,923Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $3,271Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $4,966Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 404Number of Accounts
  • $0Personal trust and agency accounts
  • $3,271Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $12,113Other retirement accounts
  • $862Corporate trust and agency accounts
  • $0Other fiduciary accounts
  • $9,049Fiduciary accounts held in foreign offices

List of branches

  • 6 New Jersey Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    04274First Hope Bank, A National Banking Association1301 Hope-Bridgeville Rd., Hope, NJ 7844September 11, 1911Full Service Brick and Mortar
    1209511Great Meadows BranchRoute 46, Great Meadows, NJ 7838November 22, 1965Full Service Brick and Mortar
    2209518Blairstown BranchRoute 94, Blairstown, NJ 7825January 19, 1988Full Service Brick and Mortar
    3209519Hackettstown/Wash Township Branch41 Rt 46, Hackettstown, NJ 7840October 05, 1998Full Service Brick and Mortar
    4356843Sparta Branch220 Woodport Road, Aka Route 181, Sparta, NJ 7871June 23, 2000Full Service Brick and Mortar
    5430633Andover Branch161 Newton Sparta Road, Newton, NJ 7860July 06, 2004Full Service Brick and Mortar

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