Hilltop Community Bank in Summit, New Jersey (NJ)
Overview, Financial Summary, Detailed Financial Reports, Branches


Hilltop Community Bank - Overview

  • General
  • FDIC Certificate #: 35235
    Status: Active
    Federal Reserve ID: 2879992
    Bank Holding Company (Regulatory Top Holder): Hilltop Community Bancorp, Inc. (RSSDID: 3262818, Location: Summit, NJ)
    Date Established: Febuary 07, 2000
    WWW: http://www.hilltopcommunitybank.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 #: 76792
    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: Febuary 07, 2000
    Last Structure Change Effective Date: December 10, 2008
    Last Structure Change Process Date: December 22, 2008
    Last Data Update: December 22, 2008
    Data Source Date: April 05, 2012
  • Location
  • Address: 385 Springfield Avenue, Summit, NJ 7901
    County: Union
    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
  • Name Change
  • Financial Summary
  • Total assets: $165.3 mil
    Equity capital: $20.0 mil
    Deposits held in domestic offices: $137.1 mil
    Return on assets (ROA): 0.58% ($1.0 mil)
    Quarterly return on assets: 0.77% ($1.3 mil)
    Return on Equity (ROE): 4.83% ($1.0 mil)
    Quarterly return on equity: 6.19% ($1.2 mil)
    Net income: $0.9 mil
    Quarterly Net income: $0.3 mil
    Pretax return on assets: 0.82% ($1,355.3 mil)
    Quarterly Pretax return on assets: 1.12% ($1,851.1 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
  • 28Total employees (full-time equivalent)
  • $165,281Total assets
  • $14,369Cash and due from depository institutions
  • $11,571Interest-bearing balances
  • $38,057Securities
  • $995Federal funds sold & reverse repurchase agreements
  • $106,722Net loans & leases
  • $2,269Loan loss allowance
  • $0Trading account assets
  • $2,674Bank premises and fixed assets
  • $0Other real estate owned
  • $373Goodwill and other intangibles
  • $165,281Life insurance assets
  • $2,091All other assets
  • $145,282Total liabilities and capital
  • $137,094Total liabilities
  • $128,605Total deposits
  • $137,094Interest-bearing deposits
  • $86Deposits held in domestic offices
  • 3086.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $4,661Trading liabilities
  • $0Other borrowed funds
  • $441Subordinated debt
  • $19,999All other liabilities
  • $19,999Total equity capital
  • $19,999Total bank equity capital
  • $0Perpetual preferred stock
  • $7,444Common stock
  • $9,405Surplus
  • $3,150Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $1,756Income earned, not collected on loans
  • $0Earning assets
  • $703Long-term assets (5+ years)
  • $157,345Average Assets, year-to-date
  • $67,591Average Assets, quarterly
  • $159,288Volatile liabilities
  • $160,665Insider loans
  • $124,479FHLB advances
  • $157,390Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $18,655Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $27,276Restructured Loans and leases
  • $3,714Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $7,624Total interest income
  • $1,098Total interest expense
  • $6,526Net interest income
  • $309Provision for loan and lease losses
  • $394Total noninterest income
  • $0Fiduciary activities
  • $125Service charges on deposit accounts
  • $0Trading account gains & fees
  • $269Additional noninterest income
  • $5,180Total noninterest expense
  • $3,016Salaries and employee benefits
  • $639Premises and equipment expense
  • $1,525Additional noninterest expense
  • $1,431Pre-tax net operating income
  • -$130Securities gains (losses)
  • $374Applicable income taxes
  • $927Income before extraordinary items
  • $0Extraordinary gains - net
  • $927Net income attributable to bank
  • $0Net charge-offs
  • $927Cash dividends
  • $51Sale, conversion, retirement of capital stock, net
  • $300Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.02%Yield on earning assets
  • 0.72%Cost of funding earning assets
  • 4.30%Net interest margin
  • 0.26%Noninterest income to earning assets
  • 3.41%Noninterest expense to earning assets
  • 0.64%Net operating income to assets
  • 0.58%Return on assets (ROA)
  • 0.82%Pretax return on assets
  • 4.83%Return on equity (ROE)
  • 3.27%Retained earnings to average equity (YTD only)
  • 0.05%Net charge-offs to loans
  • 605.88%Credit loss provision to net charge-offs
  • 34.12%Efficiency ratio
  • 74,855Assets per employee
  • 5.90%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 32.36%Loss allowance to loans
  • 2.08%Loss allowance to noncurrent loans
  • 129.21%Noncurrent assets plus other real estate owned to assets
  • 1.06%Noncurrent loans to loans
  • 1.61%Net loans and leases to deposits
  • 77.85%Net loans and leases to core deposits
  • 80.41%Equity capital to assets
  • 12.10%Core capital (leverage) ratio
  • 11.85%Tier 1 risk-based capital ratio
  • 14.99%Total risk-based capital ratio
  • Memoranda
  • $16Average assets
  • $159,288Average earning assets
  • $19,196Average equity
  • $151,782Average loans

List of branches

  • 3 New Jersey Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    076792Hilltop Community Bank385 Springfield Avenue, Summit, NJ 7901Febuary 07, 2000Full Service Brick and Mortar
    1289678Berkeley Heights Branch555 Springfield Avenue, Berkeley Heights, NJ 7922March 03, 1999Full Service Brick and Mortar
    2442459Madison Branch177 Main Street, Madison, NJ 7940September 20, 2004Full Service Brick and Mortar

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