Hopewell Valley Community Bank reported earnings results for the third quarter and nine months ended September 2009. Earnings for the third quarter of 2009 were flat compared to 2008, totaling $163,008 against $165,277 in the prior year. Earnings per share was $0.06, even with the figure posted for the three month period ended September 30, 2008. For nine months, the bank's net income was $451,544, a 15% increase over the $393,097 mark for the same period of 2008. On a per basic share basis, net income for the nine months ended September 30, 2009, was $0.17, up $0.02 or 13% from the $0.15 recorded for the first nine months of 2008. The company reported total interest income of $10,615,118, total income of $11,367,233, net interest income of $6,511,674 and net income before income taxes of $602,644 compared to the total interest income of $10,804,118, total income of $11,592,544, net interest income of $5,642,191 and net income before income taxes of $489,497 for the same period a year ago.

Hopewell Valley Community Bank announced earnings for the second quarter and six months ended June 30, 2009. The Bank's net income for the June quarter of 2009 was $133,816, a 12.3% increase over the $119,180 mark for the equivalent 2008 period. Per share income for the second quarter of $0.05 was the same as 2008. Earnings for the first six months of 2009 totaled $288.536, 26.7% more than the $227,820 earned in the first six months of 2008. Per share income of $0.11 for the first six months of 2009 was up 22.2% over the $0.09 mark for 2008. For the period, the company reported net income before tax of $381,736,000 on total interest income of $6,955,434,000 compared with net income before tax of $264,220,000 on total interest income of $7,189,924,000 for the same period a year ago. The Bank's Board of Directors declared a semi-annual $0.04 cash dividend payable on September 11, 2009, to shareholders of record August 17, 2009.

Hopewell Valley Community Bank reported earnings results for the quarter ended March 31, 2009. The Bank's net income for the quarter rose 42.4% to $154,720 or $0.06 per share as compared to the 2008 equivalent period total of $108,640 or $0.04 per share. The main driver for the earnings increase was a 14.2% increase in net interest income while total operating expenses rose only 5.5%. Net interest income for the quarter was $2,029,954 compared to $1,777,625 for the same period in 2008. Net income before taxes was $208,620 compared to $120,040 for the same period in 2008.