First Hope Bank, A National Banking Association

Headquarters

1301 Hope-Bridgeville Rd.
Hope, NJ 07844
See all branch locations →

Notable Rates APY Vs.Others
Savings N.A. 0.66% →
1-Year CD N.A. 0.67% →
2-Year CD N.A. 0.75% →
5-Year CD N.A. 1.15% →
30-Year Mortgage N.A. 2.72% →
15-Year Mortgage N.A. 2.36% →
HELOC N.A. 2.79% →

2021 Overview

General Bank Information

First Hope Bank, A National Banking Association is an FDIC insured institution located in Hope, NJ. It was founded in 1911 and has approximately $0.63 billion in assets. Customers can open an account at one of its 6 branches.

FDIC Insured Yes
FDIC Certificate # 6354
Date Established 1911
Assets $ 634.16 million
Loans $ 385.79 million
Deposits $ 570.75 million
Capital $ 53.16 million
 

For a more detailed analysis of First Hope Bank, A National Banking Association's financial condition and a description of what these numbers mean, please visit the Financial Details section.

Deposit Rates - April 10, 2021

Your Current Location: Connecticut, CT 06828

Checking Rates APY MIN FEE
Kasasa Cash 1.00% $0 $0.00 Learn MoreShow Less
 

Loan Rates - April 10, 2021

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for First Hope Bank, A National Banking Association

Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:




Featured - Connecticut 30 Year Fixed Mortgage Rates 2021

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
Morty, Inc.
NMLS ID: 1429243
2.706% 2.625% 0.63 $2,668 $1,005 Learn More
AmeriSave Mortgage Corporation
NMLS ID: 1168
2.790% 2.750% 0.50 $1,290 $1,021 Learn More
AimLoan.com
NMLS ID: 2890
License#: 13256
2.775% 2.750% 0.38 $808 $1,021 Learn More

Featured - Connecticut Home Equity Line Of Credit Rates 2021

Lender APR (%)? Monthly Payment? Learn More
Bethpage Federal Credit Union
Bethpage Federal Credit Union
See Table
Intro APR
2.990 %
After Intro: 3.750 %
Intro Period: 12 months
$25,000 Learn More
More Info
People's United Bank, N.A.
People's United Bank, N.A.
See Table
4.000 %
$0 Learn More
More Info
Third Federal Savings and Loan
Third Federal Savings and Loan
See Table
2.240 %
$0 Learn More
More Info

Note to First Hope Bank, A National Banking Association
To upload and update your bank's rates please register. It is free to register and add rates.

Branches

First Hope Bank, A National Banking Association branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.

Your Location:
Fairfield,Connecticut


First Hope Bank, A National Banking Association Locations


Financial Details

First Hope Bank, A National Banking Association Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of First Hope Bank, A National Banking Association. The data is provided by the FDIC. All banks listed on BestCashCow.com are FDIC-insured. No depositor has ever lost deposits that have been within the FDIC insurance limits.

Texas Ratio
First Hope Bank, A National Banking Association U.S. Bank Average
3.69% 5.49%

The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its tangible common equity and its loan loss reserves. A lower Texas ratio indicates better coverage of problem loans. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a bank has to absorb its loan losses.

As of December 31, 2020, First Hope Bank, A National Banking Association had $1,513,000 in non-current loans and $600,000 in owned real estate. To cover these potential losses it had $53,157,000 in equity and $4,116,000 in loans loss reserves. That gives it a Texas Ratio of 3.69%.

Return on Equity
First Hope Bank, A National Banking Association U.S. Bank Average
5.25% 9.24%

First Hope Bank, A National Banking Association has a Return on Equity of 5.25% versus the BestCashCow average of 9.24%. Return on equity measures how efficiently a bank is making money from its capital. A bank with a consistently high ROE can be considered well run. A bank with a consistently low ROE can be considered poorly run.

Capitalization
First Hope Bank, A National Banking Association U.S. Bank Average
8.38% 11.96%

First Hope Bank, A National Banking Association has a Capitalization of 8.38% versus the BestCashCow average of 11.96. Capitalization measures how much equity capital a bank has to underpin loans and other assets on its balance sheet. The higher the capitalization number the more secure a bank is considered.

First Hope Bank, A National Banking Association Balance Sheet Analysis

As of December 31, 2020, First Hope Bank, A National Banking Association had assets of $634,155,000, loans of $385,787,000, and deposits of $570,754,000. Long-term increases in deposits shows a bank's ability to raise funds to grow its loans and assets. Loan and asset growth may rise or fall depending on a bank's strategy for growth. Sharp rises and falls in assets, deposits, and loans can be problematic, indicating a loosening of lending standards, or financial distress leading to reduced lending. A big change in these figured can also be from a bank acquisition or merger.

Summary Balance Sheet

December 31, 2020
ASSETS
Cash & Balances due from depository institutions $ 106.13 million
Interest-bearing balances $ 103.77 million
Total securities $ 107.37 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 385.79 million
Loan loss allowance $ 4.12 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 0.60 million
Goodwill and other intangibles N.A.
All other assets $ 21.51 million
     Total Assets $ 581.00 million
LIABILITIES
Total deposits $ 570.75 million
      Interest-bearing deposits $ 524.12 million
      Deposits held in domestic offices $ 570.75 million
      % insured (estimated) 70.09%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds N.A.
Subordinated debt N.A.
All other liabilities $ 10.24 million
      Total Liabilities $ 581.00 million
      Shareholders’ Equity $ 53.16 million

Summary Income Statement

December 31, 2020
INCOME AND EXPENSES
Total Interest Income $ 18.48 million
Total Interest Expense $ 2.01 million
Net interest income $ 16.47 million
Provision for loan and lease losses $ 0.92 million
Total non interest income $ 7.41 million
Total non interest expense $ 19.45 million
Pre-tax Net Operating Income $ 3.52 million

Bank Loan Profile?

The top three loan types in First Hope Bank, A National Banking Association’s loan portfolio are Commercial Real Estate, 1-4 Family Residential Loans, and Small Business Loans.

Compared to other banks in New Jersey, First Hope Bank, A National Banking Association has a significantly higher percent of Commercial Real Estate on its balance sheet, potentially indicating a specialty in that lending area.

Note: Percentages may not sum to 100% due to rounding and double categorization of some loan types. All data from the FDIC. Additional information about this table.

%
Loans
%
Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 24.81
Multifamily
Mortgages
7.01
Credit Card Loans 0.00
Consumer Auto Loans 0.01
Small Business Loans 16.18
Construction and Development Loans 3.21
Commercial Real Estate 51.08
Commercial and Industrial Loans 14.17
Farm Loans 0.01

Frequently Asked Questions About First Hope Bank, A National Banking Association

Branches and Savings

Is First Hope Bank, A National Banking Association FDIC insured?

Yes. It is covered under FDIC Certificate #6354.

Why does First Hope Bank, A National Banking Association pay such low interest on savings accounts?

See the best online savings rates here. See the best local savings rates here.

Why are First Hope Bank, A National Banking Association CD rates not competitive?

See the best online CD rates here. See the best local CD rates here.

Is First Hope Bank, A National Banking Association a commercial bank?

Yes

Where are First Hope Bank, A National Banking Association locations?

See branch locations nearby.

Is First Hope Bank, A National Banking Association open on Saturdays?

Is First Hope Bank, A National Banking Association open on Sundays?

What time does First Hope Bank, A National Banking Association open?

What time does First Hope Bank, A National Banking Association close?

Are First Hope Bank, A National Banking Association ATMs Open 24/7?

Do First Hope Bank, A National Banking Association ATMs accept cash deposits?

Can First Hope Bank, A National Banking Association customers use other ATMs?

Do First Hope Bank, A National Banking Association branches have notaries?

Will First Hope Bank, A National Banking Association notarize my document?

What address for First Hope Bank, A National Banking Association should I put for incoming ACH transfers?

Will the First Hope Bank, A National Banking Association branch print checks?

Do First Hope Bank, A National Banking Association checks expire?

Does First Hope Bank, A National Banking Association require US citizenship to open account?

Can First Hope Bank, A National Banking Association close my account?

Does First Hope Bank, A National Banking Association Report to credit bureaus?

Does First Hope Bank, A National Banking Association Use Equifax?

What is First Hope Bank, A National Banking Association's ACH Routing Number?

What is First Hope Bank, A National Banking Association's SWIFT code?

Products

Does First Hope Bank, A National Banking Association offer mortgages?

Compare mortgage rates here.

Does First Hope Bank, A National Banking Association offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does First Hope Bank, A National Banking Association offer personal loans?

Compare personal loan rates here.

Does First Hope Bank, A National Banking Association offer student loans?

Will First Hope Bank, A National Banking Association cash a check?

Will First Hope Bank, A National Banking Association redeem a savings bond?

Does First Hope Bank, A National Banking Association cash savings bonds?

Will First Hope Bank, A National Banking Association cash money orders?

Can First Hope Bank, A National Banking Association issue a money order?

Does First Hope Bank, A National Banking Association do currency exchange?

Background on The Bank

Who owns First Hope Bank, A National Banking Association?

How long has First Hope Bank, A National Banking Association been around?

Can First Hope Bank, A National Banking Association transfer to other banks?

Does First Hope Bank, A National Banking Association have quick pay?

Does First Hope Bank, A National Banking Association accept rolled coins?

Will First Hope Bank, A National Banking Association accept loose change?

Where is First Hope Bank, A National Banking Association headquarters?

Customer Reviews for First Hope Bank, A National Banking Association

There are currently no comments for First Hope Bank, A National Banking Association. Be the first to share your experience. Please provide comments that will help others.

Add Your Review

Rate it here →