First Hope Bank, Financial Information

About First Hope Bank

 Address:
1301 Hope-Bridgeville Rd.
Hope, NJ
Warren County, New Jersey
 Established:
Sep 1911
 Number of domestic offices:
6
Total assets$634M
Net income$3M
Net income, quarterly$0M
Total deposits$571M
Domestic deposits$571M
Equity capital$53M
ROA0.46%
ROAQ, quarterly0.16%
ROA, pretax0.16%
ROAQ, quarterly, pretax0.18%
ROE5.25%
ROEQ, quarterly1.92%
UpdatedMay 20, 2021

Terms and Definitions

  • Domestic deposits
    The sum of all domestic deposits, including demand deposits, money market deposits and time deposits.
  • Equity capital
    Total equity capital (includes preferred and common stock, surplus and undivided profits).
  • ROA
    Return on assets, net income after taxes and extraordinary items (annualized) as a percent of average total assets.
  • ROE
    Return on equity, annualized net income as a percent of average equity on a consolidated basis.

First Hope Bank is a family operated community bank that has been in operation since 1911. First Hope Bank is a full-service bank with products ranging from deposit accounts to loans to investment and insurance products offered by either Trust Department or Raymond James Financial Services, Inc.

Located in Northwestern New Jersey, the Bank was started in Hope, a town originally built by members of the Moravian community. During corporate history, the Bank has grown and flourished through the Great Depression, three generations of family leadership, and advancements in technology and services ranging from the drive-up window to the ATM to online banking and mobile banking.

Since 1911, the Bank and its leadership have been heavily involved in the support of local businesses, especially the Hope Creamery; the establishment of volunteer fire departments in Hope, Independence Township, and Mountain Lake; and ambulance squads in Belvidere, Blairstown, and Independence Township. As part of the bank's 1987-88 restoration, a monument honoring all Hope citizens who served their country in peace and war was presented to the Township of Hope.

Hope
1301 Hope Bridgeville Rd.
Hope, NJ 07844
Phone: (908) 459-4121
Fax: (908) 459-6068

Great Meadows
277 Route 46
Great Meadows, NJ 07838
Phone: (908) 459-4121
Fax: (908) 459-6057

Andover
161 Newton-Sparta Rd.
Newton, NJ 07860
Phone: (973) 729-8333
Fax: (908) 459-6078

Hackettstown
41 Route 46
Hackettstown, NJ 07840
Phone: (908) 813-3119
Fax: (908) 459-6072

Blairstown
201 Route 94
Columbia, NJ 07832
Phone: (908) 459-4121
Fax: (908) 459-6091

Sparta
220 Woodport Rd.
Sparta, NJ 07871
Phone: (973) 729-8333
Fax: (908) 459-6089