American Community Bank in Glen Cove, New York (NY)
Overview, Financial Summary, Detailed Financial Reports, Branches

American Community Bank - Overview

  • General
  • FDIC Certificate #: 35033
    Status: Active
    Federal Reserve ID: 2871558
    Bank Holding Company (Regulatory Top Holder): American Community Bancorp, Inc. (RSSDID: 4111584, Location: Glen Cove, NY)
    Date Established: January 10, 2000
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 4 (Domestic: 4, Interstate: No)
    FDIC's unique #: 73857
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: Yes
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: January 10, 2000
    Last Structure Change Effective Date: July 01, 2009
    Last Structure Change Process Date: July 01, 2009
    Last Data Update: July 01, 2009
    Data Source Date: April 05, 2012
  • Location
  • Address: 300 Glen Street, Glen Cove, NY 11542
    County: Nassau
    Quarterly Banking Profile Region: New York
    FDIC Geographic Region: New York
    FDIC Supervisory Region: New York
    FDIC Field Office: New York City
    Office of the Comptroller the Currency (OCC) District: Northeast
    Office of Thrift Supervision Region: Northeast
    Metropolitan Statistical Area (MSA): Nassau-Suffolk, NY (#5380)
    Consolidated Metropolitan Statistical Area (CMSA): New York-Northern New Jersey-Long Island, NY-NJ-CT-PA (#70)
    Combined Statistical Area (CSA): New York-Newark-Bridgeport, NY-NJ-CT-PA (#408)
    Core Based Statistical Area (CBSA): New York-Northern New Jersey-Long Island, NY-NJ-PA (#35620)
    CBSA Metro Statistical Area: New York-Northern New Jersey-Long Island, NY-NJ-PA (#35620)
    Core Based Statistical Division: Nassau-Suffolk, NY (#35004)
  • Financial Summary
  • Total assets: $156.6 mil
    Equity capital: $20.0 mil
    Deposits held in domestic offices: $129.4 mil
    Return on assets (ROA): 0.54% ($0.8 mil)
    Quarterly return on assets: 0.43% ($0.7 mil)
    Return on Equity (ROE): 4.38% ($0.9 mil)
    Quarterly return on equity: 3.40% ($0.7 mil)
    Net income: $0.8 mil
    Quarterly Net income: $0.2 mil
    Pretax return on assets: 0.84% ($1,315.5 mil)
    Quarterly Pretax return on assets: 0.65% ($1,017.9 mil)

2000 - 2011 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Historical total employees (full-time equivalent)

Assets and Liabilities (December 31, 2011)

  • Dollar figures in thousands
  • 28Total employees (full-time equivalent)
  • $156,605Total assets
  • $5,410Cash and due from depository institutions
  • $1,021Interest-bearing balances
  • $6,466Securities
  • $15,400Federal funds sold & reverse repurchase agreements
  • $121,086Net loans & leases
  • $3,913Loan loss allowance
  • $0Trading account assets
  • $1,260Bank premises and fixed assets
  • $321Other real estate owned
  • $0Goodwill and other intangibles
  • $156,605Life insurance assets
  • $6,662All other assets
  • $136,646Total liabilities and capital
  • $129,438Total liabilities
  • $109,962Total deposits
  • $129,438Interest-bearing deposits
  • $81Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $6,500Trading liabilities
  • $0Other borrowed funds
  • $708Subordinated debt
  • $19,959All other liabilities
  • $19,959Total equity capital
  • $19,959Total bank equity capital
  • $0Perpetual preferred stock
  • $8,135Common stock
  • $8,163Surplus
  • $3,661Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $7,203Income earned, not collected on loans
  • $0Earning assets
  • $484Long-term assets (5+ years)
  • $143,973Average Assets, year-to-date
  • $36,359Average Assets, quarterly
  • $155,566Volatile liabilities
  • $155,739Insider loans
  • $137,568FHLB advances
  • $154,942Loans and leases held for sale
  • $3,747Unused loan commitments
  • $2,485Tier 1 (core) risk-based capital
  • $19,818Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $1,262Total unused commitments
  • $8,446Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $8,310Total interest income
  • $1,678Total interest expense
  • $6,632Net interest income
  • $950Provision for loan and lease losses
  • $580Total noninterest income
  • $0Fiduciary activities
  • $199Service charges on deposit accounts
  • $0Trading account gains & fees
  • $381Additional noninterest income
  • $5,043Total noninterest expense
  • $2,162Salaries and employee benefits
  • $814Premises and equipment expense
  • $2,067Additional noninterest expense
  • $1,219Pre-tax net operating income
  • $82Securities gains (losses)
  • $457Applicable income taxes
  • $844Income before extraordinary items
  • $0Extraordinary gains - net
  • $844Net income attributable to bank
  • $0Net charge-offs
  • $844Cash dividends
  • $205Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.92%Yield on earning assets
  • 1.19%Cost of funding earning assets
  • 4.72%Net interest margin
  • 0.41%Noninterest income to earning assets
  • 3.59%Noninterest expense to earning assets
  • 0.51%Net operating income to assets
  • 0.54%Return on assets (ROA)
  • 0.84%Pretax return on assets
  • 4.38%Return on equity (ROE)
  • 4.38%Retained earnings to average equity (YTD only)
  • 0.16%Net charge-offs to loans
  • 463.41%Credit loss provision to net charge-offs
  • 10.58%Efficiency ratio
  • 69,925Assets per employee
  • 5.59%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 3.13%Loss allowance to noncurrent loans
  • 54.32%Noncurrent assets plus other real estate owned to assets
  • 4.80%Noncurrent loans to loans
  • 5.76%Net loans and leases to deposits
  • 93.55%Net loans and leases to core deposits
  • 103.20%Equity capital to assets
  • 12.74%Core capital (leverage) ratio
  • 12.79%Tier 1 risk-based capital ratio
  • 14.41%Total risk-based capital ratio
  • Memoranda
  • $16Average assets
  • $155,566Average earning assets
  • $19,259Average equity
  • $140,434Average loans

List of branches

  • 4 New York Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    073857American Community Bank300 Glen Street, Glen Cove, NY 11542January 10, 2000Full Service Brick and Mortar
    1433898Commack Branch100 Commack Road, Commack, NY 11725January 10, 2005Full Service Brick and Mortar
    2481111East Northport Branch1968 Jericho Turnpike, East Northport, NY 11731September 18, 2008Full Service Retail
    3491876Southold Branch55335 Main Road, Southold, NY 11971April 04, 2008Limited Service Loan Production

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