First Hope Bank, A National Banking Association


First Hope Bank, A National Banking Association is an FDIC insured institution headquartered at 1301 Hope Bridgeville Rd., Hope, NJ 07844.
It was founded in 1911 and has approximately $1 billion in assets. Customers can open an account at one of its 6 branches.

Deposit Rates - December 22, 2024

Overview 2024

General Bank Information

FDIC Insured Yes
FDIC Certificate # 6354
Date Established 1911
Assets $ 621.40 million
Loans $ 405.06 million
Deposits $ 559.64 million
Capital $ 50.00 million

Summary Balance Sheet as of March 31, 2024

ASSETS
Cash & Balances due from depository institutions $ 18.66 million
Interest-bearing balances $ 16.02 million
Total securities $ 158.88 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 405.06 million
Loan loss allowance $ 5.28 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned N.A.
Goodwill and other intangibles N.A.
All other assets $ 24.79 million
     Total Assets $ 571.40 million

LIABILITIES
Total deposits $ 559.64 million
      Interest-bearing deposits $ 512.13 million
      Deposits held in domestic offices $ 559.64 million
      % insured (estimated) 68.99%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds N.A.
Subordinated debt N.A.
All other liabilities $ 13.55 millionn
      Total Liabilities $ 571.40 million
      Shareholders’ Equity $ 50.00 million

Summary Income Statement as of March 31, 2024

INCOME AND EXPENSES
Total Interest Income $ 12.94 million
Total Interest Expense $ 3.21 million
Net interest income $ 9.73 million
Provision for loan and lease losses $ 0.19 million
Total non interest income $ 2.83 million
Total non interest expense $ 11.29 million
Pre-tax Net Operating Income $ 1.23 million

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First Hope Bank, A National Banking Association Locations