Heritage Community Bank in Randolph, New Jersey (NJ)



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Heritage Community Bank routing number info

Table of contents:
Heritage Community Bank
GeneralFDIC Certificate #: 58213
Status: Active
Federal Reserve ID: 3411791
Date Established: March 27, 2006
WWW: http://www.heritagecbnj.com
Trust Powers Granted: No
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 3 (Domestic: 3, Interstate: No)
FDIC's unique #: 442412
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: March 27, 2006
Last Structure Change Effective Date: April 03, 2006
Last Structure Change Process Date: April 03, 2006
Last Data Update: April 03, 2006
Data Source Date: April 05, 2012
LocationAddress: 1206 Sussex Turnpike, Randolph, NJ 7869
County: Morris
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)
Combined Statistical Area (CSA): New York-Newark-Bridgeport, NY-NJ-CT-PA (#408)
Core Based Statistical Area (CBSA): New York-Northern New Jersey-Long Island, NY-NJ-PA (#35620)
CBSA Metro Statistical Area: New York-Northern New Jersey-Long Island, NY-NJ-PA (#35620)
Core Based Statistical Division: Newark-Union, NJ-PA (#35084)
History of ChangesChange in Geographic Region/Area/Territory/Field Office
Financial SummaryTotal assets: $155.1 mil
Equity capital: $12.9 mil
Deposits held in domestic offices: $141.2 mil
Return on assets (ROA): 0.38% ($0.6 mil)
Quarterly return on assets: 0.46% ($0.7 mil)
Return on Equity (ROE): 4.53% ($0.6 mil)
Quarterly return on equity: 5.57% ($0.7 mil)
Net income: $0.6 mil
Quarterly Net income: $0.2 mil
Pretax return on assets: 0.51% ($791.0 mil)
Quarterly Pretax return on assets: 0.78% ($1,209.8 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)
Total employees (full-time equivalent)28
Total assets$155,104
Cash and due from depository institutions$8,369
Interest-bearing balances$5,480
Securities$16,157
Federal funds sold & reverse repurchase agreements$3,063
Net loans & leases$123,049
Loan loss allowance $2,029
Trading account assets$0
Bank premises and fixed assets$2,378
Other real estate owned$1,016
Goodwill and other intangibles$0
All other assets$1,072
Life insurance assets$155,104
Total liabilities and capital$142,160
Total liabilities$141,168
Total deposits$119,941
Interest-bearing deposits$141,168
Deposits held in domestic offices$94
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$0
Other borrowed funds $0
Subordinated debt $992
All other liabilities $12,944
Total equity capital$12,944
Total bank equity capital$12,944
Perpetual preferred stock$0
Common stock$9,404
Surplus$8,842
Undivided profits $-5,302
Memoranda
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $0
Income earned, not collected on loans $3,547
Earning assets $0
Long-term assets (5+ years) $419
Average Assets, year-to-date $147,749
Average Assets, quarterly $49,713
Volatile liabilities $147,136
Insider loans $154,132
FHLB advances $136,721
Loans and leases held for sale $153,222
Unused loan commitments $0
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $12,903
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $40,713
Derivatives$5,808
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $7,320
Total interest expense $1,457
Net interest income $5,863
Provision for loan and lease losses $1,462
Total noninterest income $460
Fiduciary activities $0
Service charges on deposit accounts $204
Trading account gains & fees $0
Additional noninterest income $256
Total noninterest expense $4,347
Salaries and employee benefits $2,168
Premises and equipment expense $702
Additional noninterest expense $1,477
Pre-tax net operating income $514
Securities gains (losses) $241
Applicable income taxes $203
Income before extraordinary items $552
Extraordinary gains - net $0
Net income attributable to bank $552
Net charge-offs $0
Cash dividends $552
Sale, conversion, retirement of capital stock, net $1,503
Net operating income $0
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets5.24%
Cost of funding earning assets 1.04%
Net interest margin 4.20%
Noninterest income to earning assets 0.33%
Noninterest expense to earning assets 3.11%
Net operating income to assets 0.26%
Return on assets (ROA) 0.38%
Pretax return on assets 0.51%
Return on equity (ROE) 4.53%
Retained earnings to average equity (YTD only) 4.53%
Net charge-offs to loans 1.23%
Credit loss provision to net charge-offs 97.27%
Efficiency ratio1.31%
Assets per employee$68,749
Cash dividends to net income (YTD only)5.54%
Condition Ratios (%)
Loss allowance to loans 0.00%
Loss allowance to noncurrent loans 1.62%
Noncurrent assets plus other real estate owned to assets 57.20%
Noncurrent loans to loans 2.94%
Net loans and leases to deposits2.84%
Net loans and leases to core deposits 87.16%
Equity capital to assets 91.63%
Core capital (leverage) ratio 8.35%
Tier 1 risk-based capital ratio 8.42%
Total risk-based capital ratio 9.44%
Memoranda
Average assets$11
Average earning assets$147,136
Average equity $12,194
Average loans $139,739
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3 New Jersey Branches as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
0442412Heritage Community Bank1206 Sussex Turnpike, Randolph, NJ 7869March 27, 2006Full Service Brick and Mortar
1479363419 Route 10 East Branch419 Route 10 East, Randolph, NJ 7869June 02, 2008Full Service Brick and Mortar
2481883Denville Branch530 East Main Street, Denville, NJ 7834October 14, 2008Full Service Brick and Mortar
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