South Jersey Bank went public in January 2005 at $10. Proceeds were used to build their internet banking site and expansion.

They have warrants available as well (HCBPW). Good long term investment.

Note; I personally own both stock and warrants.

Where are they located in south jersey?

I live in the Gloucester country region.

They're based in Salem County, but should hopefully be expanding your way soon.

Hi Guys:  I live in CT and have read your message.  The stock is at $13.30 and $1.35 for the warrants.  Can someone explain to me why the warrants are so high being that they can buy in for $13.50 per share until the end of 2008 I believe?
Does anyone have any projected figures to go by?  Did the bank make any estimates of profits and earnings per share for that period?  I am trying to get a feel for a bank in NJ when as I said before I am from CT.
Please advise at your convenience.  Your cooperation is gratefully appreciated.  
Thank You in advance.    diz  10-4

In my town, theres at least 15 banks, and out of the 15 banks ,12 of them are different companies.

In the past 5 yrs I have seen about 2-3 banks get take over by other banks.

I just know in my area, theres tons of competition and a new bank will have alot of troubles.  

Vince, do you live in that area or what kind of an area is it?  I believe I read that the bank has gone up 8% yearly for the last 5 years or 40%.
Is this area where the bank is located overpopulated with banks or is there room for all of them?  Where I come from here in CT. North of Hartford, the smaller banks after they are 5 years old with their stock issuances, are taken over by the bigger boys!!!  I have a feeling that this bank is no different.  Please advise at your convenience.  
diz  10-4

Dizzy22; I have their latest annual report. Will try to post some data from that - as to their upcoming numbers - haven't seen or heard any predictions - if I can get my hands on anything - will advise.

TB35 - I would appreciate anything you can offer.  I hope you post it on this forum or let me know where to find it.  Again, I am not from that area and would appreciate what info you and anyone can offer me.  Also, what do you think of the warrants?  DO you feel they are to high or do you feel the stock will move up much higher before they expire?  I am looking for some good feed back on this one.
Again, as always, thank you for the info and have a great day and week.  diz  10-4

I had sent an E-Mail to the company regarding the availability of quarterly reports.
Here was their reply with an update - FWIW.

Thank you for your inquiry.  It's pleasing to know that our customers and shareholders care about Harvest Community Bank.  As a shareholder, you are entitled to know what is happening at your institution.  Before I answer your direct question, I would like to encourage you to visit our website at harvestcommunitybank.com  We use this site as a marketing tool to keep our customers and shareholders informed on happenings at the bank.  By the end of the year, it will also act as a portal to our Internet Banking Site.

Now, to your question.  We recently became a publicly traded institution and as such, have not chosen to send quarterly information.  Our Annual Statement will be forthcoming after the first of January 2006.  Traditionally, it is sent out sometime in February.  We are exploring the cost/benefit of sending out quarterly statements.

In the meantime, feel free to contact me and I will be happy to provide you with specific information.  You can continue to use email as your source of correspondence or, phoning me at XXX-XXX-XXXX.

As of September 5 2005, our assets were $138,689,229.  Our Deposits were $127,127,120 and our loans were $94,230,273.  Loan to deposit ratio is 74.12% and Book Value is $9.65. Our Capital to Asset Ratio is 8.29%.

Finally, our common stock price as of yesterday's trades is $12.95 and our Warrant Price is $1.10.

Please feel free to contact me with any additional needs.

Sincerely,

Big price swings today....

After hanging around 12.50 - this stock hit $17 before backing off.
Bid now $13.50 asked $15.90

Earnings should be right around the corner, and with the move higher - I'm hoping they're good.....warrants are still available.Will advise if I can run across any info.

Latest News from the company's webpage;
http://www.harvestcommunitybank.com

Don't know why this didn't make the Yahoo news page, but could explain why the stock has been moving around lately.....a possible takeover????



HARVEST COMMUNITY BANK ANNOUNCES FEDERAL RESERVE BOARD DECISION REGARDING PENN BANCSHARES, INC. APPLICATION

      Salem County, New Jersey, December 21, 2005 - Harvest Community Bank (OTCBB:HCBP) (the "Bank") announced today that the Board of Governors of the Federal Reserve Board (the "FRB") has issued an Order (the "Order"), dated December 19, 2005, conditionally approving the application by Pennsville National Bank ("PNB") to acquire up to 24.89% of the Bank's outstanding shares of common stock.  The Bank had vigorously opposed approval of such application by the FRB.
      The FRB's approval of the application is only one regulatory hurdle which PNB must clear before it can commence acquiring additional shares of the Bank's common stock.  The Order expressly states that PNB must still obtain required regulatory approvals from the New Jersey Department of Banking and Insurance before acquiring any shares of the Bank's common stock pursuant to the Order.  While PNB has stated that it intends to promptly seek such approvals, the Bank intends to vigorously oppose any attempt made by PNB to obtain such approvals from the New Jersey Department of Banking and Insurance.
The FRB's approval, as set forth in the Order, is also expressly conditioned upon PNB's commitment to its stated passive investment intentions, and on its pledge not to control or exercise a controlling influence over the Bank.  To that end, PNB is prohibited, either directly or indirectly, from:
(1) exercising or attempting to exercise a controlling influence over the management or policies of the Bank or any of its subsidiaries;

(2) seeking or accepting representation on the board of directors of the Bank or any of its subsidiaries;

(3) serving, having or seeking to have any representative serve as an officer, agent, or employee of the Bank or any of its subsidiaries;

(4) taking any action that would cause the Bank or any of its subsidiaries to become a subsidiary of PNB or any of its subsidiaries;

(5) acquiring or retaining shares that would cause the combined interests of PNB and its subsidiaries, and their respective officers, directors, and affiliates, to equal or exceed 25 percent of the outstanding voting shares of the Bank or any of its subsidiaries;

(6) proposing a director or slate of directors in opposition to a nominee or slate of nominees proposed by the management or board of directors of the Bank or any of its subsidiaries;

(7) soliciting or participating in soliciting proxies with respect to any matter presented to the shareholders of the Bank or any of its subsidiaries;

( attempting to influence the dividend policies or practices of the Bank or any of its subsidiaries;

(9) attempting to influence the investment, loan, or credit decisions or policies; pricing of services; personnel decisions; operations activities (including the location of any offices or branches or their hours of operation, etc.); or any similar activities or decisions of the Bank or any of its subsidiaries;

(10) disposing or threatening to dispose of shares of the Bank or any of its subsidiaries in any manner as a condition of specific action or nonaction by the Bank or any of its subsidiaries; or

(11) entering into any other banking or nonbanking transactions with the Bank or any of its subsidiaries, except that PNB may establish and maintain deposit accounts with depository institution subsidiaries of the Bank; provided that the aggregate balance of all such accounts does not exceed $500,000 and that the accounts are maintained on substantially the same terms as those prevailing for comparable accounts of persons unaffiliated with the Bank or any of its subsidiaries.

      When asked to comment on the Order, Dennis H. Engle, President and CEO of the Bank stated, "We are not pleased with the FRB's decision in this matter and the Bank plans to oppose any application submitted by PNB to the New Jersey Department of Banking and Insurance pursuant to the Order.  However, even if PNB's proposed share acquisition plan is ultimately approved by the New Jersey Department of Banking and Insurance, the passive investment commitments contained in the Order will help ensure that Harvest Community Bank remains an independent financial institution.  The Order expressly prohibits PNB from controlling, or exercising a controlling influence over, the Bank, or from acquiring, directly or indirectly, 25% or more of the Bank's outstanding shares of common stock without additional approvals from the FRB.  The FRB has the authority to take enforcement action against PNB if it violates any of its commitments, and the Bank intends to carefully monitor PNB's ongoing compliance with the terms of the Order."
      Harvest Community Bank is a community bank headquartered in Pennsville, New Jersey, with assets of approximately $141 million as of September 30, 2005.  The Bank has additional branches in Woodstown and Elmer, New Jersey and is currently in the process of seeking the necessary regulatory approvals to open a branch in Salem City, New Jersey.  The Bank began operations in January 2000 with the purpose of serving small businesses, professionals, and retail customers in Salem, Cumberland and Gloucester Counties, New Jersey.  The Bank's deposits are insured by the Federal Deposit Insurance Corporation up to a maximum of $100,000 per depositor.


FORWARD LOOKING STATEMENTS
      Information in this release relating to Harvest Community Bank's future prospects which are forward-looking statements involve risks and uncertainties that could cause actual results to differ materially, including, but not limited to, the following: (1) operating, legal and regulatory risks, such as continued levels of loan quality and origination volumes, continued relationships with major customers and technological changes; (2) economic, political and competitive forces affecting our banking business, such as changed in economic conditions, especially in our market area, interest rate fluctuations, competitive product and pricing pressures within our market, personal and corporate bankruptcies, monetary policy and inflation; (3) our ability to grow internally; and (4) the risk that management's analyses of these risks and forces could be incorrect and/or that the strategies developed to address them could be unsuccessful.  
      Forward-looking statements may be identified by the use of words such as "expects," "subject," "believe," "will," "intends," "will be," or "would."  More information about factors that potentially could affect Harvest Community Bank's financial results is included in Harvest Community Bank's filings with the FDIC, including its Annual Report on Form 10-KSB for the year ended December 31, 2004.  Harvest Community Bank assumes no obligation to update the forward-looking information in this announcement.

Next thirty days should be interesting.....

Their earnings should be coming any day now, and the stock is creeping up - hopefully anticipating good news.

Earnings Reported on Website -

HARVEST COMMUNITY BANK REPORTS FOURTH QUARTER 2005 FINANCIAL RESULTS

       SALEM COUNTY, NEW JERSEY, February 17, 2006 - Harvest Community Bank (OTCBB:HCBP) today reported results for the fourth quarter and year ended December 31, 2005. The Bank’s fourth quarter net income was $190,391, or $0.17 per share, compared to net income of $59,181, or $0.05 per share, for the corresponding fourth quarter 2004 period. Full-year 2005 earnings of $711,527, or $0.62 per share, were 220% above 2004's earnings of $222,251, or $0.33 per share, and represented a new high for the company. Total assets increased to $141,789,602 at year-end, a 28. % increase over the year ended December 31, 2004. Gross loans increased by $24,365,256, to $99,849,562 as of December 31, 2005, an increase of 32.3% over December 31, 2004. The Bank’s total deposits were $130,045,712 at year-end 2005, which is an increase of $30,830,327, or 31.1% over December 31, 2004.

       Dennis H. Engle, President and Chief Executive Officer, stated, “The entire Harvest team has done their best to provide great service and products to our customers. With less than six years of operation, we are extremely pleased with the community’s support of those efforts.”

       Harvest Community Bank is a community bank headquartered in Pennsville, New Jersey. The Bank has additional branches in Woodstown and Elmer, New Jersey and is currently in the process of seeking the necessary regulatory approvals to open a branch in Salem City, New Jersey. The Bank began operations in January 2000 with the purpose of serving small businesses, professionals, and retail customers in Salem, Cumberland and Gloucester Counties, New Jersey. The Bank’s deposits are insured by the Federal Deposit Insurance Corporation up to a maximum of $100,000 per depositor.

FORWARD LOOKING STATEMENTS

       Information in this release relating to Harvest Community Bank’s future prospects which are forward-looking statements involve risks and uncertainties that could cause actual results to differ materially, including, but not limited to, the following: (1) operating, legal and regulatory risks, such as continued levels of loan quality and origination volumes, continued relationships with major customers and technological changes; (2) economic, political and competitive forces affecting our banking business, such as changed in economic conditions, especially in our market area, interest rate fluctuations, competitive product and pricing pressures within our market, personal and corporate bankruptcies, monetary policy and inflation; (3) our ability to grow internally; and (4) the risk that management’s analyses of these risks and forces could be incorrect and/or that the strategies developed to address them could be unsuccessful. Forward-looking statements may be identified by the use of words such as “expects,” “subject,” “believe,” “will,” “intends,” “will be,” or “would.” More information about factors that potentially could affect Harvest Community Bank’s financial results is included in Harvest Community Bank’s filings with the FDIC, including its Annual Report on Form 10-KSB for the year ended December 31, 2004. Harvest Community Bank assumes no obligation to update the forward-looking information in this announcement.

More Press Releases here.