Hopewell Valley Community Bank

Report generated from DepositInsuredBanks.com
DepositInsuredBanks.com


Overview

FDIC Cert 34942
Address
4 Route 31 South, Pennington, NJ 8534
FDIC Unique Number 62116
Federal Reserve ID 2773867
Federal Reserve ID for Bank Holding Company 0
OCC Charter Number 0
OTS Docket Number Not available or not applicable
MSA Trenton, NJ
County Mercer
Website http://www.hvcbonline.com
Established On 02/16/1999
Insured On 02/16/1999
Holding Company
Regulator Federal Deposit Insurance Corporation
Asset Concentration Commercial Lending Specialization
Ownership Type
Domestic Offices 10
Foreign Offices
Bank Charter Class NM - Commercial bank, state charter and Fed nonmember, supervised by the FDIC

Recent Changes

Merge BIF and SAIF Funds into DIF

Financial Snapshot

USD, Thousands
Total Assets 502,405
Total Deposits 448,730
Domestic Deposits 448,730
Bank Equity Capital 47,109
Year to Date Quarterly
Net Income USD, 000 1,816 631
Return on Assets 0.49% 0.51%
Return on Equity 5.22% 5.4%
Pre-Tax Return on Assets 0.7% 0.72%
as of 09/30/2015

Financial Health

As of 09/30/2015
Low Risk

The Texas ratio is a measure of a bank's credit troubles. It is a way to measure how risky a bank is. The higher the Texas ratio, the more severe the credit troubles. Any bank with a TX Ratio near or greater than 100% is considered at risk. Developed by Gerard Cassidy and others at RBC Capital Markets, it is calculated by dividing the value of the lender's non-performing assets (Non performing loans + Real Estate Owned) by the sum of its tangible common equity capital and loan loss reserves.

Hopewell Valley Community Bank has a texas ratio of 9.92 which puts it at low risk. As of 09/30/2015 the bank had $4,990 Non Current Loans and Leases, $150 Other Real Estate Owned, $47,109 Total Equity Capital and $4,708 Loan Loss Allowance.

Historical Texas Ratios

Date Non Current Loans and Leases Other Real Estate Owned Total Equity Capital Loan Loss Allowance TX Ratio
09/30/2015 $4,990 $150 $47,109 $4,708 9.92
06/30/2015 $4,589 $150 $46,355 $4,596 9.3
03/31/2015 $2,784 $150 $46,302 $4,343 5.79
12/31/2014 $2,342 $459 $45,644 $4,161 5.62
09/30/2014 $2,659 $690 $44,725 $4,010 6.87
06/30/2014 $2,925 $690 $44,145 $3,807 7.54
03/31/2014 $3,694 $689 $43,154 $3,937 9.31
12/31/2013 $3,326 $284 $42,083 $3,575 7.91
09/30/2013 $3,113 $284 $41,838 $3,346 7.52
06/30/2013 $4,411 $0 $41,405 $3,322 9.86
03/31/2013 $3,217 $122 $41,732 $3,027 7.46
12/31/2012 $1,022 $440 $43,494 $3,720 3.1
09/30/2012 $3,032 $323 $43,382 $3,823 7.11
06/30/2012 $3,407 $323 $43,042 $3,671 7.98
03/31/2012 $2,153 $325 $42,233 $3,518 5.42
12/31/2011 $1,605 $145 $42,111 $3,473 3.84
09/30/2011 $2,053 $147 $41,889 $3,293 4.87
06/30/2011 $1,755 $178 $29,478 $3,150 5.92
03/31/2011 $1,473 $178 $28,254 $2,894 5.3
12/31/2010 $1,209 $180 $27,829 $2,733 4.54
09/30/2010 $1,256 $191 $27,917 $2,632 4.74
06/30/2010 $1,262 $201 $27,282 $2,481 4.92
03/31/2010 $1,067 $201 $24,990 $2,403 4.63
12/31/2009 $417 $203 $24,771 $2,248 2.29
09/30/2009 $512 $213 $24,547 $2,188 2.71
06/30/2009 $2,067 $214 $23,335 $2,368 8.87
03/31/2009 $2,380 $555 $21,707 $2,196 12.28

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Assets and Liabilities

Figures in USD, Thousands 09/30/2015 06/30/2015 03/31/2015 12/31/2014 09/30/2014 Charts
Total employees (full-time equivalent) 83 85 85 86 84 Chart
Total Assets 502,405 495,016 485,301 483,311 484,376 Chart
Cash & Balances due from depository institutions 62,056 53,509 55,746 51,366 31,567 Chart
Interest-bearing balances 52,654 45,286 45,172 43,169 24,412 Chart
Securities 64,060 66,884 66,211 69,332 97,121 Chart
Federal funds sold and reverse repurchase 3,418 0 0 226 0 Chart
Net loans and leases 351,125 352,673 342,021 340,514 333,627 Chart
Loan loss allowance 4,708 4,596 4,343 4,161 4,010 Chart
Trading account assets 0 0 0 0 0 Chart
Bank premises and fixed assets 5,505 5,643 5,724 5,794 5,842 Chart
Other real estate owned 150 150 150 459 690 Chart
Goodwill and other intangibles 0 0 0 0 0 Chart
All other assets 16,091 16,157 15,449 15,620 15,529 Chart
Total Liabilities and Capital 502,405 495,016 485,301 483,311 484,376 Chart
Total Liabilities 455,296 448,661 438,999 437,667 439,651 Chart
Total deposits 448,730 445,383 434,877 431,894 433,634 Chart
Interest-bearing deposits 359,304 360,882 358,976 356,009 359,252 Chart
Deposits held in domestic offices 448,730 445,383 434,877 431,894 433,634 Chart
% insured (estimated) 75% 76% 78% 78% 78% Chart
Federal funds purchased and repurchase agreements 2,450 0 733 2,751 2,640 Chart
Trading liabilities 0 0 0 0 0 Chart
Other borrowed funds 0 0 0 0 0 Chart
Subordinated debt 0 0 0 0 0 Chart
All other liabilities 4,116 3,278 3,389 3,022 3,377 Chart
Total equity capital 47,109 46,355 46,302 45,644 44,725 Chart
Bank equity capital 47,109 46,355 46,302 45,644 44,725 Chart
Perpetual preferred stock 11,869 11,869 11,869 11,869 11,869 Chart
Common stock 17,821 17,745 17,745 17,745 17,745 Chart
Surplus 8,867 8,839 8,839 8,839 8,839 Chart
Undivided profits 8,552 7,902 7,849 7,191 6,272 Chart
Equity, minor interest in consolidated subs 0 0 0 0 0 Chart
Memoranda
Noncurrent loans and leases 4,990 4,589 2,784 2,342 2,659 Chart
Noncurrent loans which are wholly or partially guaranteed by the U.S. 0 0 0 0 0 Chart
Income earned, not collected on loans 1,131 1,301 1,253 1,353 1,175 Chart
Earning assets 471,257 464,843 453,404 453,241 455,160 Chart
Long-term assets (5+ years) 81,958 94,678 97,533 104,500 107,050 Chart
Average total assets 491,508 487,876 484,306 465,287 460,781 Chart
Average assets, quarterly 498,711 490,159 484,306 483,844 478,429 Chart
Total risk weighted assets adjusted 374,827 377,289 368,561 363,431 357,940 Chart
Adjusted average assets for leverage capital purposes 501,768 493,658 482,094 482,519 492,586 Chart
Life insurance assets 11,392 11,314 11,238 11,163 11,084 Chart
General account life insurance assets 7,076 7,023 6,971 6,920 6,867 Chart
Separate account life insurance assets 0 0 0 0 0 Chart
Hybrid life insurance assets 4,316 4,291 4,267 4,243 4,217 Chart
Volatile liabilities 15,603 13,147 12,643 13,887 14,122 Chart
Insider loans 1,107 1,618 1,629 1,640 1,651 Chart
FHLB advances 0 0 0 0 0 Chart
Loans and leases held for sale 0 0 0 0 0 Chart
Unused loan commitments 75,781 78,069 87,663 77,945 78,936 Chart
Tier one (core) capital 47,083 46,548 46,064 45,620 45,063 Chart
Tier 2 Risk-based capital 4,686 4,596 4,343 4,161 4,010 Chart
Total unused commitments 75,781 78,069 87,663 77,945 78,936 Chart
Derivatives 0 0 0 0 0 Chart

Income and Expenses

Figures in USD, Thousands 09/30/2015 06/30/2015 03/31/2015 12/31/2014 09/30/2014 Charts
Total interest income 13,842 9,122 4,534 17,745 13,162 Chart
Total interest expense 1,421 950 472 1,941 1,447 Chart
Net interest income 12,421 8,172 4,062 15,804 11,715 Chart
Provision for loan and lease losses 540 430 180 800 500 Chart
Total noninterest income 678 444 217 1,104 914 Chart
Gross Fiduciary activities income 0 0 0 0 0 Chart
Service charges on deposit accounts 161 106 55 202 154 Chart
Trading account gains and fees 0 0 0 0 0 Chart
Additional Noninterest Income 517 338 162 902 760 Chart
Total noninterest expense 10,133 6,662 3,329 12,824 9,527 Chart
Salaries and employee benefits 5,482 3,654 1,811 7,012 5,220 Chart
Premises and equipment expense 1,375 936 488 1,798 1,357 Chart
Additional noninterest expense 3,276 2,072 1,030 4,014 2,950 Chart
Pre-tax net operating income 2,426 1,524 770 3,284 2,602 Chart
Securities gains (losses) 157 157 157 351 171 Chart
Applicable income taxes 767 496 283 1,111 851 Chart
Income before extraordinary items 1,816 1,185 644 2,524 1,922 Chart
Extraordinary gains, net 0 0 0 0 0 Chart
Net income 1,816 1,185 644 2,524 1,922 Chart
Minority interest net income 0 0 0 0 0 Chart
Net income of bank and minority interests 1,816 1,185 644 2,524 1,922 Chart
Net charge-offs -7 -5 -2 214 65 Chart
Cash dividends 459 254 204 492 442 Chart
Sale, conversion, retirement of capital stock, net 104 0 0 0 0 Chart
Net operating income 1,706 1,075 536 2,282 1,804 Chart

Securities

Figures in USD, Thousands 09/30/2015 06/30/2015 03/31/2015 12/31/2014 09/30/2014 Charts
Total securities 64,060 66,884 66,211 69,332 97,121 Chart
U.S. Government securities 27,134 28,992 27,936 29,944 57,686 Chart
U.S. Treasury securities 8,978 8,856 6,032 5,989 27,855 Chart
U.S. Government agency obligations 18,156 20,136 21,904 23,955 29,831 Chart
Securities issued by states & political subdivisions 27,072 25,075 24,627 24,662 24,215 Chart
Other domestic debt securities 4,756 6,780 7,628 8,257 8,792 Chart
Privately issued residential mortgage-backed securities 0 0 0 0 0 Chart
Commercial mortgage-backed securities - Total 0 0 0 0 0 Chart
Asset backed securities 0 0 0 0 0 Chart
Structured financial products - Total 0 0 0 0 0 Chart
Other domestic debt securities - All other 4,756 6,780 7,628 8,257 8,792 Chart
Foreign debt securities 2,476 3,462 3,466 3,966 3,966 Chart
Equity securities 2,622 2,575 2,554 2,503 2,462 Chart
Assets held in trading accounts for TFR Reporters 0 0 0 0 0 Chart
General valuation allowances for securities for TFR Reporters 0 0 0 0 0 Chart
Memoranda
Pledged securities 44,732 37,309 32,907 34,829 35,503 Chart
Mortgage-backed securities 6,745 6,897 7,299 7,443 7,787 Chart
Certificates of participation in pools of residential mortgages 4,800 4,993 5,265 5,475 5,906 Chart
Issued or guaranteed by U.S. 4,800 4,993 5,265 5,475 5,906 Chart
Privately issued 0 0 0 0 0 Chart
Collaterized mortgage obligations 0 0 0 0 0 Chart
CMOs issued by government agencies or sponsored agencies 0 0 0 0 0 Chart
Privately issued 0 0 0 0 0 Chart
Commercial mortgage-backed securities 1,945 1,904 2,034 1,968 1,881 Chart
Commercial mortgage pass-through securities 1,945 1,904 2,034 1,968 1,881 Chart
Other commercial mortgage-backed securities 0 0 0 0 0 Chart
Held to maturity securities (book value) 27,072 25,075 24,627 25,161 24,712 Chart
Available-for-sale securities (fair market value) 36,988 41,809 41,584 44,171 72,409 Chart
Total debt securities 61,438 64,309 63,657 66,829 94,659 Chart
Structured Notes
Amortized cost 5,000 8,000 10,000 12,000 18,000 Chart
Fair value 4,951 7,805 9,971 11,939 17,572 Chart
Trading account assets 0 0 0 0 0 Chart
Revaluation gains on off-balance sheet contracts 0 0 0 0 0 Chart
Revaluation losses on off-balance sheet contracts 0 0 0 0 0 Chart

Performance and Condition Ratios

Figures in USD, Thousands 09/30/2015 06/30/2015 03/31/2015 12/31/2014 09/30/2014 Charts
% of unprofitable institutions N/A N/A N/A N/A N/A Chart
% of insitutions with earnings gains N/A N/A N/A N/A N/A Chart
Performance Ratios (%, annualized)
Yield on earning assets 4.01% 3.99% 4.00% 4.08% 4.08% Chart
Cost of funding earning assets 0.41% 0.42% 0.42% 0.45% 0.45% Chart
Net interest margin 3.59% 3.58% 3.58% 3.63% 3.63% Chart
Noninterest income to average assets 0.18% 0.18% 0.18% 0.24% 0.26% Chart
Noninterest expense to average assets 2.75% 2.73% 2.75% 2.76% 2.76% Chart
Loan and lease loss provision to assets 0.15% 0.18% 0.15% 0.17% 0.14% Chart
Net operating income to assets 0.46% 0.44% 0.44% 0.49% 0.52% Chart
Return on assets (ROA) 0.49% 0.49% 0.53% 0.54% 0.56% Chart
Pretax return on assets 0.70% 0.69% 0.77% 0.78% 0.80% Chart
Return on Equity (ROE) 5.22% 5.14% 5.60% 5.74% 5.89% Chart
Retained earnings to average equity (YTD only) 3.90% 4.04% 3.83% 4.62% 4.53% Chart
Net charge-offs to loans 0.00% 0.00% 0.00% 0.06% 0.03% Chart
Credit loss provision to net charge-offs -7714.29% -8600.00% -9000.00% 373.83% 769.23% Chart
Earnings coverage of net charge-offs (x) 0.00% 0.00% 0.00% 19.08% 47.73% Chart
Efficiency ratio 77.36% 77.32% 77.80% 75.85% 75.44% Chart
Assets per employee ($millions) 6.05% 5.82% 5.71% 5.62% 5.77% Chart
Cash dividends to net income (YTD only) 25.28% 21.43% 31.68% 19.49% 23.00% Chart
Condition Ratios (%)
Loss allowance to loans 1.32% 1.29% 1.25% 1.21% 1.19% Chart
Loan loss allowance to noncurrent loans 94.35% 100.15% 156.00% 177.67% 150.81% Chart
Noncurrent assets plus other real estate owned to assets 1.02% 0.96% 0.60% 0.58% 0.69% Chart
Noncurrent loans to loans 1.40% 1.28% 0.80% 0.68% 0.79% Chart
Net loans and leases to total assets 69.89% 71.24% 70.48% 70.45% 68.88% Chart
Net loans and leases to deposits 78.25% 79.18% 78.65% 78.84% 76.94% Chart
Net loans and leases to core deposits 81.72% 82.39% 81.67% 81.75% 79.83% Chart
Total domestic deposits to total assets 89.32% 89.97% 89.61% 89.36% 89.52% Chart
Equity capital to assets 9.38% 9.36% 9.54% 9.44% 9.23% Chart
Core capital (leverage) ratio 9.38% 9.43% 9.55% 9.45% 9.15% Chart
Tier 1 risk-based capital ratio 12.56% 12.34% 12.50% 12.55% 12.59% Chart
Total risk-based capital ratio 13.81% 13.56% 13.68% 13.70% 13.71% Chart
Memoranda
Average total assets 491,508 487,876 484,306 465,287 460,781 Chart
Average earning assets 460,686 457,163 453,323 434,780 430,165 Chart
Average equity 46,353 46,100 45,973 43,950 43,527 Chart
Average loans 351,035 349,436 345,520 330,570 327,044 Chart