OTC Bulletin Board

S & P Company Insight for HILLTOP COMTY BCP NJ

Business Summary: Hilltop Community Bancorp, Inc. operates as the holding company for Hilltop Community Bank, which provides commercial banking products and services to small business owners, professionals, and families in New Jersey.
  385 Springfield Avenue
  Summit , NJ 07901
  Phone: 908-522-0090
  Website: http://www.hilltopcommunitybank.com
  Beard Miller & Co.
Transfer Agent
  Registrar & Transfer Co.
Employees:  27
Founded:  1999
Domicile:  New Jersey

Hilltop Community Bancorp, Inc. operates as the holding company for Hilltop Community Bank, which provides commercial banking products and services to small business owners, professionals, and families in New Jersey. It offers various deposit products, including checking and savings accounts, time deposits, and individual retirement accounts. The company's loan portfolio comprises equity, personal, auto, collateral, commercial real estate, industrial, and term loans; overdrafts; and credit lines. It also offers credit card processing, cash management, and wire transfer services. The company offers its services in surrounding communities in Union, Essex, Morris, and Somerset Counties. Hilltop Community Bancorp, Inc. is based in Summit, New Jersey.
History:  INCORPORATED in New Jersey May 19, 2004. On Oct. 1, 2004, pursuant to a reorganization, the company became the holding company for Hilltop Community Bank in a transaction whereby all outstanding Common shares of the Bank were exchanged, on a one-for-one basis, for Common shares of the company. The Bank was incorporated in New Jersey Aug. 19, 1999, and it commenced operations Feb. 7, 2000.
Hilltop Community Bank


 Richard D. WellbrockChairman
 Donald W. BarneyVice Chairman
 Mortimer J. O'SheaPresident & Chief Executive Officer
 Detlef H. FelschowSR VP & Chief Operating Officer
 Walter A. Wojcik, Jr.Secretary, SR VP & Chief Financial Officer
 Ronald F. SeverinoSR VP
 Louise C. HallVP & Controller
 Walter A. Wojcik, Jr.Investor Relations Contact

 Donald W. Barney
 F. Chandler Coddington, Jr.
 Daniel D. Cronheim
 Peter J. Daley
 Gregory O. Drummond
 Terence  Golden
 Nancy J. King
 Kenneth J. Mathews
 Mortimer J. O'Shea
 Judith T. Page
 Robert F. Tokash
 Thomas D. Ucko
 Richard D. Wellbrock
 Annual Report

Annual Report
Income Statement
Loan int. & fees7,2687,336
Sec. int. & divd. inc.1,6491,411
Int. inc. on Fed. funds sold427495
Total int. income9,3449242
Interest on depos.3,2973,830
Int. on long-term debt122122
Int. on other borrowed funds3263
Total int. exp.3,4514,015
Net int. income5,8935,227
Prov for loan loss120150
Net int. inc. aft. prov. for loan loss5,7735,077
Fees & svce. chgs.158129
Security profits(954)--
Other income119151
Staff exps.2,7062,371
Occup. & equip. exps.643652
Other oper. exps.1,4551,396
Income tax53373
Net income239565
Share earns. basic$0.09$0.23
Share earns. diluted$0.09$0.22
Balance Sheet
Total loans rec.116,711111,051
Less: Allow. for loan loss1,6041,484
Net loans115,107109,567
Cash & in banks2,8062,765
Fed. funds sold20,100250
Short term invstmts.8,1449,723
Invstmt. secs. avail. for sale29,13229,227
Invstmt. secs. held to maturity--3,499
Net property2,2882,444
Accrd. int. rec.650641
Other assets2,122726
Total assets180,722159,215
NOW accts.12,69012,419
Money mkt. & svgs.48,18345,715
Total depos.160,401138,542
Other liabs.1,5601,746
Com. stk. n.p23,49222,733
Retained earns.(5,123)(4,591)
Treas. stk.(566)(599)
Other stockholders' equity(1,110)82
Total liabs.180,722159,215
 Interim Report

Interim Report   
Data Not Available
 Pro Forma Report

Pro Forma Report   
Data Not Available
 Quarterly Report

Quarterly Report Information   
Quarterly Revenue, US$
  2010   22,070,000
  2009   12,430,000
  2009   22,060,000
  2009   32,200,000
  2009   42,170,000
  2009   Full Year 8,860,000
  2008   12,470,000
  2008   22,430,000
  2008   32,400,000
  2008   41,370,000
  2008   Full Year 8,670,000
  2007   12,380,000
  2007   22,350,000
  2007   32,390,000
  2007   42,400,000
  2007   Full Year 9,520,000
  2006   12,130,000
  2006   22,230,000
  2006   32,340,000
  2006   42,320,000
  2006   Full Year 9,020,000
  2005   11,520,000
  2005   21,640,000
  2005   31,950,000
  2005   42,050,000
  2005   Full Year 7,170,000
Quarterly Net Income, US$
  2010   2160,000
  2009   180,000
  2009   2(50,000)
  2009   3250,000
  2009   4290,000
  2009   Full Year 570,000
  2008   3260,000
  2008   4(420,000)
  2008   Full Year 240,000
  2007   Full Year 560,000
  2006   1110,000
  2006   2110,000
  2006   Full Year 481,000
  2005   4130,000
  2005   Full Year 232,000
Quarterly EPS, US$
  2010   2Nil
  2009   1.01
  2009   2(.05)
  2009   3.07
  2009   4.08
  2009   Full Year .12
  2008   4(.15)
  2008   Full Year .09
  2007   Full Year .20
  2006   1.05
  2006   2.04
  2006   Full Year .18
  2005   2.01
  2005   4.06
  2005   Full Year .09
 Stock Data

Capitalization as of 03/31/2009:
 Authorized SharesOutstanding Shares
Preferred no par1,000,0004,200so1
Common no par10,000,0002,584,738so2
Common no par
UNITS OFFERED THROUGH RIGHTS: March 25, 2003, Hilltop Community Bank offered, through a rights offering, up to 480,000 Common shares and warrants to buy 480,000 Common shares in Units (each consisting of one Common share and one warrant to buy one Common share) at $8.00 per Unit. Units were offered on a priority basis to holders of record Mar. 17, 2003, of the Bank's Common stock. The Bank had the right to issue an additional 62,500 Units to the general public in a community offering.
Transfer Agent:  Registrar & Transfer Co.   Cranford , NJ
OTC Bulletin Board( Primary): HTBC
OTC Bulletin Board20096.00003.7500
OTC Bulletin Board20087.00004.2500
OTC Bulletin Board20079.50006.3000
OTC Bulletin Board200612.500010.0000
OTC Bulletin Board200513.900010.0500
OTC Bulletin Board200413.900011.5000
OTC Bulletin Board200314.00007.5000
OTC Bulletin Board20028.50007.1000
RECENT DIVIDENDS: Common no par: No cash. 5% stock, Dec. 2, 2004. 5% stock, Dec. 2, 2005. 5% stock, Dec. 8, 2006. Common no par 5% stock dividend, ex-Dec. 6, 2007. Common no par 5% stock dividend, ex-Dec. 11, 2008. Common no par 5% stock dividend, ex-Dec. 8, 2009. Dividends of Hilltop Community Bank: Common, 5% stock paid Dec. 3, 2003.
  so1Issued to the U.S. Dept. of the Treasury. Consists of 4,000 Series 2009A Preferred shares and 200 Series 2009B Preferred shares.
  so2Excl. 64,716 in treas.