First Hope Bank, A National Banking Association in city_name, state_name

First Hope Bank, A National Banking Association in Hope, New Jersey (NJ)
Show street view No street view available for this location

First Hope Bank, A National Banking Association routing number info

First Hope Bank, A National Banking Association - Overview

General
FDIC Certificate #: 6354
Status: Active
Federal Reserve ID: 434203
Bank Holding Company (Regulatory Top Holder): First Hope Bancorp (RSSDID: 3609132, Location: Hope, NJ)
Date Established: September 11, 1911
WWW: http://www.firsthope.com
Trust Powers Granted: Yes
Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
Offices: 6 (Domestic: 6, Interstate: No)
OTS Docket #: 10329
FDIC's unique #: 4274
Numeric code: 3
Regulator: OCC
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: No
Subchapter S Corporations: No
Asset Concentration Hierarchy: Commercial Lending Specialization
Date of Deposit Insurance: January 01, 1934
Last Structure Change Effective Date: June 02, 2010
Last Structure Change Process Date: June 02, 2010
Last Data Update: June 02, 2010
Data Source Date: April 05, 2012
Location
Address: 1301 Hope-Bridgeville Rd., Hope, NJ 7844
County: Warren
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)
Core Based Statistical Area (CBSA): Allentown-Bethlehem-Easton, PA-NJ (#10900)
CBSA Metro Statistical Area: Allentown-Bethlehem-Easton, PA-NJ (#10900)
History of Changes
Change in Location
Financial Summary
Total assets: $417.7 mil
Equity capital: $35.6 mil
Deposits held in domestic offices: $347.8 mil
Return on assets (ROA): 0.44% ($1.8 mil)
Quarterly return on assets: 0.46% ($1.9 mil)
Return on Equity (ROE): 5.39% ($1.9 mil)
Quarterly return on equity: 5.37% ($1.9 mil)
Net income: $1.8 mil
Quarterly Net income: $0.5 mil
Pretax return on assets: 0.51% ($2,130.5 mil)
Quarterly Pretax return on assets: 0.42% ($1,754.5 mil)

1992 - 1999 Historical total assets, liabilities and capital ($ 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
168Total employees (full-time equivalent)
$417,738Total assets
$7,881Cash and due from depository institutions
$5,969Interest-bearing balances
$75,486Securities
$0Federal funds sold & reverse repurchase agreements
$297,780Net loans & leases
$4,094Loan loss allowance
$0Trading account assets
$19,676Bank premises and fixed assets
$1,056Other real estate owned
$0Goodwill and other intangibles
$417,738Life insurance assets
$15,859All other assets
$382,123Total liabilities and capital
$347,795Total liabilities
$328,392Total deposits
$347,795Interest-bearing deposits
$83Deposits held in domestic offices
23648.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$3,300Trading liabilities
$0Other borrowed funds
$7,380Subordinated debt
$35,615All other liabilities
$35,615Total equity capital
$35,615Total bank equity capital
$0Perpetual preferred stock
$750Common stock
$3,148Surplus
$31,717Undivided profits
Memoranda
$0Noncurrent loans and leases
$23,928Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$6,987Income earned, not collected on loans
$0Earning assets
$1,166Long-term assets (5+ years)
$379,235Average Assets, year-to-date
$181,097Average Assets, quarterly
$414,771Volatile liabilities
$416,843Insider loans
$310,748FHLB advances
$413,743Loans and leases held for sale
$9,639Unused loan commitments
$9,499Tier 1 (core) risk-based capital
$35,050Tier 2 risk-based capital
$0Total risk weighted assets
$140Total unused commitments
$48,967Restructured Loans and leases
$3,461Derivatives

Income and Expense (December 31, 2011)

Dollar figures in thousands
$17,184Total interest income
$2,631Total interest expense
$14,553Net interest income
$361Provision for loan and lease losses
$9,567Total noninterest income
$703Fiduciary activities
$1,098Service charges on deposit accounts
$0Trading account gains & fees
$7,766Additional noninterest income
$21,668Total noninterest expense
$14,088Salaries and employee benefits
$3,753Premises and equipment expense
$3,827Additional noninterest expense
$2,091Pre-tax net operating income
$25Securities gains (losses)
$290Applicable income taxes
$1,826Income before extraordinary items
$0Extraordinary gains - net
$1,826Net income attributable to bank
$0Net charge-offs
$1,826Cash dividends
$635Sale, conversion, retirement of capital stock, net
$198Net operating income

Performance and Condition Ratios (December 31, 2011)

Dollar figures in thousands
Performance Ratios (%, annualized)
4.57%Yield on earning assets
0.70%Cost of funding earning assets
3.87%Net interest margin
2.54%Noninterest income to earning assets
5.76%Noninterest expense to earning assets
0.44%Net operating income to assets
0.44%Return on assets (ROA)
0.51%Pretax return on assets
5.39%Return on equity (ROE)
4.80%Retained earnings to average equity (YTD only)
0.22%Net charge-offs to loans
56.85%Credit loss provision to net charge-offs
3.86%Efficiency ratio
89,834Assets per employee
2.49%Cash dividends to net income (YTD only)
Condition Ratios (%)
10.84%Loss allowance to loans
1.36%Loss allowance to noncurrent loans
58.59%Noncurrent assets plus other real estate owned to assets
1.93%Noncurrent loans to loans
2.31%Net loans and leases to deposits
85.62%Net loans and leases to core deposits
87.66%Equity capital to assets
8.53%Core capital (leverage) ratio
8.47%Tier 1 risk-based capital ratio
11.28%Total risk-based capital ratio
Memoranda
$13Average assets
$414,771Average earning assets
$33,901Average equity
$376,274Average loans

Total Fiduciary and Related Assets (December 31, 2011)

Dollar figures in thousands
$1Total fiduciary and related assets
1Number of Fiduciary Accounts and Related Asset Accounts
YesFiduciary powers granted
YesFiduciary or related activity
$89,273Managed Assets
1Number of Accounts
$77,160Personal trust and agency accounts
$68,923Employee benefit-defined contribution accounts
$0Employee benefit-defined benefit accounts
$0Other retirement accounts
$3,271Corporate trust and agency accounts
$0Investment management agency accounts
$4,966Other fiduciary accounts
$0Fiduciary accounts held in foreign offices
$0Non-managed Assets
404Number of Accounts
$0Personal trust and agency accounts
$3,271Employee benefit-defined contribution accounts
$0Employee benefit-defined benefit accounts
$12,113Other retirement accounts
$862Corporate trust and agency accounts
$0Other fiduciary accounts
$9,049Fiduciary accounts held in foreign offices

List of branches

6 New Jersey Branches as of April 05, 2012

No	ID	Name	Address	Established	Service Type
0	4274	First Hope Bank, A National Banking Association	1301 Hope-Bridgeville Rd., Hope, NJ 7844	September 11, 1911	Full Service Brick and Mortar
1	209511	Great Meadows Branch	Route 46, Great Meadows, NJ 7838	November 22, 1965	Full Service Brick and Mortar
2	209518	Blairstown Branch	Route 94, Blairstown, NJ 7825	January 19, 1988	Full Service Brick and Mortar
3	209519	Hackettstown/Wash Township Branch	41 Rt 46, Hackettstown, NJ 7840	October 05, 1998	Full Service Brick and Mortar
4	356843	Sparta Branch	220 Woodport Road, Aka Route 181, Sparta, NJ 7871	June 23, 2000	Full Service Brick and Mortar
5	430633	Andover Branch	161 Newton Sparta Road, Newton, NJ 7860	July 06, 2004	Full Service Brick and Mortar

First Hope Bank, A National Banking Association in Hope, New Jersey (NJ)
Overview, Financial Summary, Detailed Financial Reports, Branches

First Hope Bank, A National Banking Association - Overview

Assets and Liabilities (December 31, 2011)

Income and Expense (December 31, 2011)

Performance and Condition Ratios (December 31, 2011)

Total Fiduciary and Related Assets (December 31, 2011)

List of branches

Comment about this bank, ask questions, or add new information about it:

First Hope Bank, A National Banking Association in Hope, New Jersey (NJ)Overview, Financial Summary, Detailed Financial Reports, Branches

First Hope Bank, A National Banking Association - Overview

Assets and Liabilities (December 31, 2011)

Income and Expense (December 31, 2011)

Performance and Condition Ratios (December 31, 2011)

Total Fiduciary and Related Assets (December 31, 2011)

List of branches

Comment about this bank, ask questions, or add new information about it:

First Hope Bank, A National Banking Association in Hope, New Jersey (NJ)
Overview, Financial Summary, Detailed Financial Reports, Branches