Harvest Community Bank in Pennsville, New Jersey (NJ)
Overview, Financial Summary, Detailed Financial Reports, Branches


Harvest Community Bank - Overview

  • General
  • FDIC Certificate #: 34951
    Status: Active
    Federal Reserve ID: 2873860
    Date Established: January 18, 2000
    WWW: http://www.harvestcommunitybank.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 5 (Domestic: 5, Interstate: No)
    FDIC's unique #: 62125
    Numeric code: 21
    Regulator: FDIC
    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: Yes
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: January 18, 2000
    Last Structure Change Effective Date: March 31, 2006
    Last Structure Change Process Date: November 03, 2006
    Last Data Update: November 03, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: 285 North Broadway, Pennsville, NJ 8070
    County: Salem
    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): Philadelphia, PA-NJ (#6160)
    Consolidated Metropolitan Statistical Area (CMSA): Philadelphia-Wilmington-Atlantic City, PA-NJ-DE-MD (#77)
    Combined Statistical Area (CSA): Philadelphia-Camden-Vineland, PA-NJ-DE-MD (#428)
    Core Based Statistical Area (CBSA): Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (#37980)
    CBSA Metro Statistical Area: Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (#37980)
    Core Based Statistical Division: Wilmington, DE-MD-NJ (#48864)
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $191.3 mil
    Equity capital: $15.1 mil
    Deposits held in domestic offices: $175.7 mil
    Return on assets (ROA): -0.81% (-$1.5 mil)
    Quarterly return on assets: -3.94% (-$7.5 mil)
    Return on Equity (ROE): -9.81% (-$1.5 mil)
    Quarterly return on equity: -47.36% (-$7.1 mil)
    Net income: -$1.6 mil
    Quarterly Net income: -$1.9 mil
    Pretax return on assets: -1.53% (-$2,926.1 mil)
    Quarterly Pretax return on assets: -7.04% (-$13,464.1 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
  • 37Total employees (full-time equivalent)
  • $191,251Total assets
  • $7,071Cash and due from depository institutions
  • $1,235Interest-bearing balances
  • $40,547Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $134,500Net loans & leases
  • $3,010Loan loss allowance
  • $0Trading account assets
  • $1,923Bank premises and fixed assets
  • $80Other real estate owned
  • $0Goodwill and other intangibles
  • $191,251Life insurance assets
  • $7,130All other assets
  • $176,117Total liabilities and capital
  • $175,701Total liabilities
  • $164,837Total deposits
  • $175,701Interest-bearing deposits
  • $94Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $416Subordinated debt
  • $15,134All other liabilities
  • $15,134Total equity capital
  • $15,134Total bank equity capital
  • $0Perpetual preferred stock
  • $5,739Common stock
  • $6,567Surplus
  • $2,828Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $11,143Income earned, not collected on loans
  • $0Earning assets
  • $794Long-term assets (5+ years)
  • $176,282Average Assets, year-to-date
  • $106,172Average Assets, quarterly
  • $196,432Volatile liabilities
  • $193,430Insider loans
  • $138,247FHLB advances
  • $194,898Loans and leases held for sale
  • $3,749Unused loan commitments
  • $1,874Tier 1 (core) risk-based capital
  • $14,059Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $1,875Total unused commitments
  • $20,173Restructured Loans and leases
  • $4,610Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $8,692Total interest income
  • $2,112Total interest expense
  • $6,580Net interest income
  • $4,229Provision for loan and lease losses
  • $485Total noninterest income
  • $0Fiduciary activities
  • $207Service charges on deposit accounts
  • $0Trading account gains & fees
  • $278Additional noninterest income
  • $5,916Total noninterest expense
  • $2,429Salaries and employee benefits
  • $618Premises and equipment expense
  • $2,869Additional noninterest expense
  • -$3,080Pre-tax net operating income
  • $80Securities gains (losses)
  • -$1,412Applicable income taxes
  • -$1,588Income before extraordinary items
  • $0Extraordinary gains - net
  • -$1,588Net income attributable to bank
  • $0Net charge-offs
  • -$1,588Cash dividends
  • $3,245Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.85%Yield on earning assets
  • 1.18%Cost of funding earning assets
  • 3.67%Net interest margin
  • 0.27%Noninterest income to earning assets
  • 3.30%Noninterest expense to earning assets
  • -0.83%Net operating income to assets
  • -0.81%Return on assets (ROA)
  • -1.53%Pretax return on assets
  • -9.81%Return on equity (ROE)
  • -9.81%Retained earnings to average equity (YTD only)
  • 2.36%Net charge-offs to loans
  • 130.32%Credit loss provision to net charge-offs
  • 0.35%Efficiency ratio
  • 83,737Assets per employee
  • 5.17%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 2.19%Loss allowance to noncurrent loans
  • 27.01%Noncurrent assets plus other real estate owned to assets
  • 5.87%Noncurrent loans to loans
  • 8.10%Net loans and leases to deposits
  • 76.55%Net loans and leases to core deposits
  • 79.88%Equity capital to assets
  • 7.91%Core capital (leverage) ratio
  • 7.21%Tier 1 risk-based capital ratio
  • 10.17%Total risk-based capital ratio
  • Memoranda
  • $11Average assets
  • $196,432Average earning assets
  • $16,179Average equity
  • $179,218Average loans

List of branches

  • 5 New Jersey Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    062125Harvest Community Bank285 North Broadway, Pennsville, NJ 8070January 18, 2000Full Service Brick and Mortar
    1365504North Broadway Branch285 North Broadway, Pennsville, NJ 8070Febuary 09, 2002Limited Service Messenger
    2444022Woodstown Office Branch863 Route 45, Pilesgrove, NJ 8098June 30, 2005Full Service Brick and Mortar
    3444023Elmer Office Branch389 Harding Highway, Elmer, NJ 8318June 30, 2005Full Service Brick and Mortar
    4453933Salem City Branch473 E. Broadway, Salem, NJ 8079July 26, 2006Full Service Brick and Mortar

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