Heritage Community Bank in Randolph, New Jersey (NJ)
Overview, Financial Summary, Detailed Financial Reports, Branches


Heritage Community Bank - Overview

  • General
  • FDIC 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
  • Location
  • Address: 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 Changes
  • Change in Geographic Region/Area/Territory/Field Office
  • Financial Summary
  • Total 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
  • 28Total employees (full-time equivalent)
  • $155,104Total assets
  • $8,369Cash and due from depository institutions
  • $5,480Interest-bearing balances
  • $16,157Securities
  • $3,063Federal funds sold & reverse repurchase agreements
  • $123,049Net loans & leases
  • $2,029Loan loss allowance
  • $0Trading account assets
  • $2,378Bank premises and fixed assets
  • $1,016Other real estate owned
  • $0Goodwill and other intangibles
  • $155,104Life insurance assets
  • $1,072All other assets
  • $142,160Total liabilities and capital
  • $141,168Total liabilities
  • $119,941Total deposits
  • $141,168Interest-bearing deposits
  • $94Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $992Subordinated debt
  • $12,944All other liabilities
  • $12,944Total equity capital
  • $12,944Total bank equity capital
  • $0Perpetual preferred stock
  • $9,404Common stock
  • $8,842Surplus
  • $-5,302Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $3,547Income earned, not collected on loans
  • $0Earning assets
  • $419Long-term assets (5+ years)
  • $147,749Average Assets, year-to-date
  • $49,713Average Assets, quarterly
  • $147,136Volatile liabilities
  • $154,132Insider loans
  • $136,721FHLB advances
  • $153,222Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $12,903Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $40,713Restructured Loans and leases
  • $5,808Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $7,320Total interest income
  • $1,457Total interest expense
  • $5,863Net interest income
  • $1,462Provision for loan and lease losses
  • $460Total noninterest income
  • $0Fiduciary activities
  • $204Service charges on deposit accounts
  • $0Trading account gains & fees
  • $256Additional noninterest income
  • $4,347Total noninterest expense
  • $2,168Salaries and employee benefits
  • $702Premises and equipment expense
  • $1,477Additional noninterest expense
  • $514Pre-tax net operating income
  • $241Securities gains (losses)
  • $203Applicable income taxes
  • $552Income before extraordinary items
  • $0Extraordinary gains - net
  • $552Net income attributable to bank
  • $0Net charge-offs
  • $552Cash dividends
  • $1,503Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.24%Yield on earning assets
  • 1.04%Cost of funding earning assets
  • 4.20%Net interest margin
  • 0.33%Noninterest income to earning assets
  • 3.11%Noninterest expense to earning assets
  • 0.26%Net operating income to assets
  • 0.38%Return on assets (ROA)
  • 0.51%Pretax return on assets
  • 4.53%Return on equity (ROE)
  • 4.53%Retained earnings to average equity (YTD only)
  • 1.23%Net charge-offs to loans
  • 97.27%Credit loss provision to net charge-offs
  • 1.31%Efficiency ratio
  • 68,749Assets per employee
  • 5.54%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.62%Loss allowance to noncurrent loans
  • 57.20%Noncurrent assets plus other real estate owned to assets
  • 2.94%Noncurrent loans to loans
  • 2.84%Net loans and leases to deposits
  • 87.16%Net loans and leases to core deposits
  • 91.63%Equity capital to assets
  • 8.35%Core capital (leverage) ratio
  • 8.42%Tier 1 risk-based capital ratio
  • 9.44%Total risk-based capital ratio
  • Memoranda
  • $11Average assets
  • $147,136Average earning assets
  • $12,194Average equity
  • $139,739Average loans

List of branches

  • 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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