Highlands State Bank in Vernon, New Jersey (NJ)
Overview, Financial Summary, Detailed Financial Reports, Branches

  • Highlands State Bank in Vernon, New Jersey (NJ)
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Highlands State Bank - Overview

  • General
  • FDIC Certificate #: 58048
    Status: Active
    Federal Reserve ID: 3386590
    Bank Holding Company (Regulatory Top Holder): Highlands Bancorp, Inc. (RSSDID: 4136037, Location: Vernon, NJ)
    Date Established: October 17, 2005
    WWW: http://www.highlandsstatebank.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 #: 437272
    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: October 17, 2005
    Last Structure Change Effective Date: November 30, 2010
    Last Structure Change Process Date: December 06, 2010
    Last Data Update: December 06, 2010
    Data Source Date: April 05, 2012
  • Location
  • Address: 310 Route 94, Vernon, NJ 7462
    County: Sussex
    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)
  • Financial Summary
  • Total assets: $166.1 mil
    Equity capital: $18.6 mil
    Deposits held in domestic offices: $141.5 mil
    Return on assets (ROA): 0.94% ($1.6 mil)
    Quarterly return on assets: 1.95% ($3.2 mil)
    Return on Equity (ROE): 9.01% ($1.7 mil)
    Quarterly return on equity: 17.52% ($3.3 mil)
    Net income: $1.5 mil
    Quarterly Net income: $0.8 mil
    Pretax return on assets: 0.64% ($1,062.8 mil)
    Quarterly Pretax return on assets: 0.78% ($1,295.3 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
  • 38Total employees (full-time equivalent)
  • $166,067Total assets
  • $11,953Cash and due from depository institutions
  • $9,336Interest-bearing balances
  • $15,291Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $131,307Net loans & leases
  • $2,083Loan loss allowance
  • $0Trading account assets
  • $1,191Bank premises and fixed assets
  • $3,170Other real estate owned
  • $804Goodwill and other intangibles
  • $166,067Life insurance assets
  • $2,351All other assets
  • $147,474Total liabilities and capital
  • $141,466Total liabilities
  • $113,763Total deposits
  • $141,466Interest-bearing deposits
  • $92Deposits held in domestic offices
  • 523.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $5,000Trading liabilities
  • $0Other borrowed funds
  • $485Subordinated debt
  • $18,593All other liabilities
  • $18,593Total equity capital
  • $18,593Total bank equity capital
  • $6,853Perpetual preferred stock
  • $8,941Common stock
  • $7,031Surplus
  • $-4,232Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $4,931Income earned, not collected on loans
  • $707Earning assets
  • $736Long-term assets (5+ years)
  • $155,934Average Assets, year-to-date
  • $59,149Average Assets, quarterly
  • $163,508Volatile liabilities
  • $163,810Insider loans
  • $143,020FHLB advances
  • $164,049Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $17,588Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $28,869Restructured Loans and leases
  • $7,234Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $7,558Total interest income
  • $1,193Total interest expense
  • $6,365Net interest income
  • $397Provision for loan and lease losses
  • $429Total noninterest income
  • $0Fiduciary activities
  • $233Service charges on deposit accounts
  • $0Trading account gains & fees
  • $196Additional noninterest income
  • $5,388Total noninterest expense
  • $2,399Salaries and employee benefits
  • $1,014Premises and equipment expense
  • $1,975Additional noninterest expense
  • $1,009Pre-tax net operating income
  • $45Securities gains (losses)
  • -$480Applicable income taxes
  • $1,534Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,534Net income attributable to bank
  • $0Net charge-offs
  • $1,534Cash dividends
  • $7Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.83%Yield on earning assets
  • 0.76%Cost of funding earning assets
  • 4.07%Net interest margin
  • 0.27%Noninterest income to earning assets
  • 3.44%Noninterest expense to earning assets
  • 0.91%Net operating income to assets
  • 0.94%Return on assets (ROA)
  • 0.64%Pretax return on assets
  • 9.01%Return on equity (ROE)
  • 9.01%Retained earnings to average equity (YTD only)
  • 0.01%Net charge-offs to loans
  • 5671.43%Credit loss provision to net charge-offs
  • 200.86%Efficiency ratio
  • 79,305Assets per employee
  • 4.37%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.56%Loss allowance to noncurrent loans
  • 42.24%Noncurrent assets plus other real estate owned to assets
  • 4.88%Noncurrent loans to loans
  • 3.70%Net loans and leases to deposits
  • 92.82%Net loans and leases to core deposits
  • 96.55%Equity capital to assets
  • 11.20%Core capital (leverage) ratio
  • 10.72%Tier 1 risk-based capital ratio
  • 12.30%Total risk-based capital ratio
  • Memoranda
  • $14Average assets
  • $163,508Average earning assets
  • $17,028Average equity
  • $156,490Average loans

List of branches

  • 3 New Jersey Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    0437272Highlands State Bank310 Route 94, Vernon, NJ 7462October 17, 2005Full Service Brick and Mortar
    1427730Sparta Branch351 Sparta Avenue, Sparta, NJ 7871August 29, 2005Full Service Brick and Mortar
    2485636Union Boulevard Branch650 Union Boulevard, Totowa, NJ 7512January 20, 2009Full Service Brick and Mortar

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