# HIGHLANDS STATE BANK
VERNON, NJ · FDIC certificate 58048 · asset band $300M-1B · latest filing 2018-12 · stopped filing (departed)

**Verdict on the desk:** this could be *funding-stretched*. Composite score 2 (one point per flag, capital below 5% counted twice; 7 or more is where departures cluster).

## What the filing shows (filed dollars, derived ratios; band percentiles in parentheses)

| Measure | Value | Band median |
|---|---|---|
| Total assets | $484.8M | |
| Deposits | $410.8M | |
| Loans and leases | $439.6M | |
| Total equity | $43.7M | |
| Loans / deposits | 105.84% (p92 of band) | 86.08% |
| Liquid assets / assets | 8.20% (p3 of band) | |
| Uninsured deposits / deposits | 26.68% (p66 of band) | 22.10% |
| Brokered deposits | 4.11% | |
| Wholesale funding | 9.85% (p71 of band) | |
| FHLB advances / assets | 5.73% | |
| Tier 1 leverage | 8.93% (p14 of band) | 10.52% |
| Unrealized securities loss / equity | -0.37% (p79 of band) | -1.90% |
| AOCI / equity | -0.15% (p79 of band) | |
| ROA (annualized) | 0.98% (p37 of band) | 1.13% |
| Net interest margin | 3.46% (p29 of band) | 3.77% |
| Efficiency ratio | 64.82% (p47 of band) | |
| Noncurrent loans | 0.65% (p59 of band) | 0.49% |
| Net charge-offs (annualized) | 0.00% (p21 of band) | |
| Reserve coverage of noncurrent | 168.05% | |
| Real estate % of loans | 89% | |
| Construction % of loans | 62.80% (p69 of band) | |
| Auto loans | $87,000 (0.02% of loans; DQ 0.00%, NCO 0.00%) | |
| Loans to nondepository financials | $0 (0% of equity) (p44 of band) | |
| Deposits YoY | 5.0% | |
| Employees | 80 | |

## Flags firing in the latest filing

- **loans exceed deposits** (`liq_ltd`)
- **liquid assets <10%** (`liq_thin`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2011-03 | 1 | reserve under noncurrent |  |
| 2011-06 | 1 |  |  |
| 2011-09 | 1 |  |  |
| 2011-12 | 1 |  |  |
| 2012-03 | 1 |  |  |
| 2012-06 | 2 | capital falling |  |
| 2012-09 | 2 |  |  |
| 2012-12 | 2 |  |  |
| 2013-03 | 2 |  |  |
| 2013-06 | 1 |  | capital falling |
| 2013-09 | 1 |  |  |
| 2013-12 | 2 | capital falling |  |
| 2014-03 | 3 | charge-offs p90 |  |
| 2014-06 | 2 | loans exceed deposits | capital falling, charge-offs p90 |
| 2014-09 | 3 | liquid assets <10% |  |
| 2014-12 | 3 | capital falling | reserve under noncurrent |
| 2015-03 | 4 | brokered >10% |  |
| 2015-06 | 3 |  | capital falling |
| 2015-09 | 3 |  |  |
| 2015-12 | 4 | wholesale funding >15% |  |
| 2016-03 | 4 | charge-offs p90 | brokered >10% |
| 2016-06 | 4 | brokered >10% | wholesale funding >15% |
| 2016-09 | 1 | capital falling | loans exceed deposits, liquid assets <10%, charge-offs p90, brokered >10% |
| 2016-12 | 0 |  | capital falling |
| 2017-03 | 1 | liquid assets <10% |  |
| 2017-06 | 3 | loans exceed deposits, capital falling |  |
| 2017-09 | 1 |  | liquid assets <10%, loans exceed deposits |
| 2017-12 | 3 | loans exceed deposits, liquid assets <10% |  |
| 2018-03 | 2 |  | capital falling |
| 2018-06 | 2 |  |  |
| 2018-09 | 1 |  | liquid assets <10% |
| 2018-12 | 2 | liquid assets <10% |  |

## In the news (Google News, unfiltered, newest first; check the city)

- 2018-08-28 [Lakeland, Highlands State banks announce merger - New Jersey Herald](https://news.google.com/rss/articles/CBMinwFBVV95cUxPY1A5QjM0YmV6VXF4R2ZOOE5tT1hWeHBlejViUGd6MmZBb0J4SmRNRktjTENjXy00VWJCZlZqRjQ4ei11RXI5NVI5MXBsTzVDeVp4LUxfYmxObmRLbmxSZkpMdmFLTE01T1djcFRsTi1WVUEyRVlrSE9tMEV3OE5qMEsxVUJ6U0VWNU1Tb2k0ejhsbjZJSE5TYXFDX2lLQUk?oc=5) · New Jersey Herald
- 2016-04-22 [Kathryn Rosa joins Highlands State Bank as senior V.P. - Bergen Record](https://news.google.com/rss/articles/CBMiuwFBVV95cUxNYlFSRmdhSFdZSlhjVTFOMWpBRGQ5TGpQd2pBYXZkZE1wLXBCOFV3QWhvVE94U2F2M2dDMGRSa3dsOWY0MXowZEViZTBwQWNTMzh0X1pxbG9DUWpaYlhZS3VIbDl5RzBtNDJfdFFUX096aWlZUE5IdkhSendkS1FjQTkxWDlZRGVUQW1IU2hEZUI0X3F4Y3hULWdJbWQ5UENKNnFuSmxQYkZOSlZPVVEtQTB5bGhGV2c0amtN?oc=5) · Bergen Record
- 2018-11-29 [FDIC OKs Lakeland, Highlands State bank merger - New Jersey Herald](https://news.google.com/rss/articles/CBMinAFBVV95cUxQNjFSaVlUOFhfbDh0QnJJTW9JNWRlcVJSWk1QM1pSUHNXZUx1NGlDNFpTQXdmMi1HVWtldXhubWVmRk1iZkVYY3FSNU5RaHVSdFlDYV92NUZSOFBiV1AzXzlkUlg4Yjg1SllfZlZCbTBHMHdBVUNVdTVWRy1yeVNaY25IVkpZZEVFU2RlVnZUei15alJDZTQ3cV9hMDQ?oc=5) · New Jersey Herald
- 2022-08-18 [Bailout List: Banks, Auto Companies, and More | Eye on the Bailout - ProPublica](https://news.google.com/rss/articles/CBMiV0FVX3lxTE9yUjlLUHlRTkFPekMwR3J1MXFxS2o0OWc3cTFybnY2U1ZhZ1BkTVRweEE5bXJuWnVSTTRxWk1malZlQ2dPUVpHSTk0OTZfNUg3aGpUVVJrbw?oc=5) · ProPublica
- 2026-08-20 [Eduardo Lopez Appointed to Totowa Board of Education Following Dan Palazzo’s Resignation - TAPinto](https://news.google.com/rss/articles/CBMi6AFBVV95cUxPb1hyOWxrYS04X2c4bVhzbS1nLW1YbjhxVmxoNVU3SmZ1QVNQVGlsaTRiT2lxVmNGSlR4R1gxdzNhZnRnZVRYV1pTanEwMVRHWjhidTE0RjVZTzNxck5ZcFk2cVVSZjB5U1dJVjNfNW1IenFYNzEwckp6Mzc3MEFvelJwYi05UFZ2eXdhczNTTDdOV2hUM3VrSXliemhfbG1HWV9uVDBMYmxKTURNamh5VHZrTno5YWk3ekJYbjJvNEkzU3k2T2ZEa3pMb2VaVFhkSHY5WE9JOVNXenZHQkVTNlJqakNtaS1t?oc=5) · TAPinto
- 2024-11-05 [George E Irwin - legacy.com](https://news.google.com/rss/articles/CBMijwFBVV95cUxPV3pqUjQ0ZEw0bTZYb0RYS29SMEIyZ09mR1RlbThjWUpJd2tXTHVSRnJRTkN3NklYRmJ2YzdZWWp6R0dnbVNCUHoxYVZYajRxRUNiTm56RkpuVG1ETzhmdUwxRjQ4dmVvcjkzcW1jZWVGRVlTbF9tazFTUzJOOEc3TlJQNG14YjdqOVVzeGh5UQ?oc=5) · legacy.com
- 2022-04-06 [Edward George Poolas Obituary - Morris County NJ News | Daily Record](https://news.google.com/rss/articles/CBMiXEFVX3lxTE00QjhGOWFLUVV4YTV1bUhhZUhBQVRwcko4Rlg2TjVOZkZia3daSmRXYlk4NW5WOUEwRE9wdnhIakFCY3FBSHEzSzBWdEJPbkJpUVp5WFdmWno0Sk1t?oc=5) · Morris County NJ News | Daily Record
- 2013-12-12 [Give a Coat to the Needy for the Holidays - Patch](https://news.google.com/rss/articles/CBMinAFBVV95cUxQcHhwOEpnVTZqRnIyOG9Md2htTnVHQktqVTJadUlvZzF2XzUxZ2lIWFBWUFhwc281SGw4djE2Um1sb21SbXFZVEFscVFWRHZtTlNTOHI3OFhLbUZVVzM0VUZ1ZE5qV255cHVTRUxjZ0Z4WEt0bnBxNVNiR1lpdi12TmhESU1DWDVseHd5SGJfLWs3b1AteThJYW51bnM?oc=5) · Patch

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=58048 (click any number for its formula and FFIEC field codes)
- Latest row, JSON: https://getbookiq.com/bank-desk/data/summary.json · history: https://getbookiq.com/bank-desk/data/h/0.json (key "58048", columns cycle, ASSET, DEP, LNLSGR, EQTOT, ltd, liquid_pct, unins_pct, lev, aoci_pct_eq, sec_loss_eq, roa, nim, eff, nc_pct, nco_pct, LNAUTO, auto_dq, auto_nco, LNNDEPD, ndfi_eq, wholesale_pct, dep_yoy, score, flags)
- Field definitions: https://getbookiq.com/dictionary/#bank-LNNDEPD and the rest of the bank dictionary
- Source: FDIC call report via BankFind, dollars in thousands as filed. Departed means stopped filing, which is usually a merger; FAILED is the FDIC's own list.

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Rendered 2026-09-10 from the desks' own data files. Full guide: https://getbookiq.com/guide