Hopewell Valley Community Bank in Pennington, New Jersey (NJ)
Overview, Financial Summary, Detailed Financial Reports, Branches


  • Hopewell Valley Community Bank in Pennington, New Jersey (NJ)
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Hopewell Valley Community Bank - Overview

  • General
  • FDIC Certificate #: 34942
    Status: Active
    Federal Reserve ID: 2773867
    Date Established: Febuary 16, 1999
    WWW: http://www.hvcbonline.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 7 (Domestic: 7, Interstate: No)
    FDIC's unique #: 62116
    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 16, 1999
    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: 4 Route 31 South, Pennington, NJ 8534
    County: Mercer
    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): Trenton, NJ (#8480)
    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): Trenton-Ewing, NJ (#45940)
    CBSA Metro Statistical Area: Trenton-Ewing, NJ (#45940)
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $404.4 mil
    Equity capital: $42.1 mil
    Deposits held in domestic offices: $335.9 mil
    Return on assets (ROA): 0.59% ($2.4 mil)
    Quarterly return on assets: 0.42% ($1.7 mil)
    Return on Equity (ROE): 6.55% ($2.8 mil)
    Quarterly return on equity: 4.02% ($1.7 mil)
    Net income: $2.2 mil
    Quarterly Net income: $0.4 mil
    Pretax return on assets: 0.90% ($3,639.6 mil)
    Quarterly Pretax return on assets: 0.61% ($2,466.8 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
  • 69Total employees (full-time equivalent)
  • $404,395Total assets
  • $76,124Cash and due from depository institutions
  • $67,458Interest-bearing balances
  • $67,874Securities
  • $1,670Federal funds sold & reverse repurchase agreements
  • $239,132Net loans & leases
  • $3,473Loan loss allowance
  • $0Trading account assets
  • $4,657Bank premises and fixed assets
  • $145Other real estate owned
  • $0Goodwill and other intangibles
  • $404,395Life insurance assets
  • $14,793All other assets
  • $362,284Total liabilities and capital
  • $335,878Total liabilities
  • $292,631Total deposits
  • $335,878Interest-bearing deposits
  • $84Deposits held in domestic offices
  • 3639.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $20,000Trading liabilities
  • $0Other borrowed funds
  • $2,767Subordinated debt
  • $42,111All other liabilities
  • $42,111Total equity capital
  • $42,111Total bank equity capital
  • $11,852Perpetual preferred stock
  • $16,389Common stock
  • $7,799Surplus
  • $6,071Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $1,605Income earned, not collected on loans
  • $0Earning assets
  • $1,239Long-term assets (5+ years)
  • $376,134Average Assets, year-to-date
  • $87,913Average Assets, quarterly
  • $377,717Volatile liabilities
  • $402,668Insider loans
  • $260,448FHLB advances
  • $393,028Loans and leases held for sale
  • $9,418Unused loan commitments
  • $6,367Tier 1 (core) risk-based capital
  • $41,608Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $3,051Total unused commitments
  • $46,812Restructured Loans and leases
  • $2,010Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $15,616Total interest income
  • $3,659Total interest expense
  • $11,957Net interest income
  • $885Provision for loan and lease losses
  • $1,078Total noninterest income
  • $0Fiduciary activities
  • $202Service charges on deposit accounts
  • $0Trading account gains & fees
  • $876Additional noninterest income
  • $9,113Total noninterest expense
  • $5,002Salaries and employee benefits
  • $1,401Premises and equipment expense
  • $2,710Additional noninterest expense
  • $3,037Pre-tax net operating income
  • $350Securities gains (losses)
  • $1,167Applicable income taxes
  • $2,220Income before extraordinary items
  • $0Extraordinary gains - net
  • $2,220Net income attributable to bank
  • $0Net charge-offs
  • $2,220Cash dividends
  • $145Sale, conversion, retirement of capital stock, net
  • $353Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.42%Yield on earning assets
  • 1.04%Cost of funding earning assets
  • 3.38%Net interest margin
  • 0.30%Noninterest income to earning assets
  • 2.58%Noninterest expense to earning assets
  • 0.53%Net operating income to assets
  • 0.59%Return on assets (ROA)
  • 0.90%Pretax return on assets
  • 6.55%Return on equity (ROE)
  • 5.51%Retained earnings to average equity (YTD only)
  • 0.06%Net charge-offs to loans
  • 610.34%Credit loss provision to net charge-offs
  • 27.05%Efficiency ratio
  • 69,912Assets per employee
  • 5.86%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 15.90%Loss allowance to loans
  • 1.43%Loss allowance to noncurrent loans
  • 216.39%Noncurrent assets plus other real estate owned to assets
  • 0.43%Noncurrent loans to loans
  • 0.66%Net loans and leases to deposits
  • 71.20%Net loans and leases to core deposits
  • 77.40%Equity capital to assets
  • 10.41%Core capital (leverage) ratio
  • 10.59%Tier 1 risk-based capital ratio
  • 15.98%Total risk-based capital ratio
  • Memoranda
  • $17Average assets
  • $377,717Average earning assets
  • $33,912Average equity
  • $353,472Average loans

List of branches

  • 7 New Jersey Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    062116Hopewell Valley Community Bank4 Route 31 South, Pennington, NJ 8534Febuary 16, 1999Full Service Brick and Mortar
    1356954County Line Branch280 Route 31, Hopewell, NJ 8525December 01, 1999Full Service Brick and Mortar
    2364438Quakerbridge Office Branch3800 Quakerbridge Road, Hamilton, NJ 8619November 01, 2001Full Service Brick and Mortar
    3446952Denow Road Branch802 Denow Road, Pennington, NJ 8534December 27, 2005Full Service Brick and Mortar
    44576551080 Olde York Road1080 Olde York Road, Ringoes, NJ 8551November 26, 2006Full Service Brick and Mortar
    5457656Ewing Branch180 Scotch Road, Ewing, NJ 8628July 30, 2006Full Service Brick and Mortar
    6510405Princeton Branch11 State Road, Princeton, NJ 8540August 10, 2009Full Service Brick and Mortar

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