Hanover Community Bank in Garden City Park, New York (NY)
Overview, Financial Summary, Detailed Financial Reports, Branches


Hanover Community Bank - Overview

  • General
  • FDIC Certificate #: 58675
    Status: Active
    Federal Reserve ID: 3793714
    Date Established: January 21, 2009
    WWW: http://www.hanovercommunitybank.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 1 (Domestic: 1, Interstate: No)
    FDIC's unique #: 462666
    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 21, 2009
    Last Structure Change Effective Date: January 14, 2011
    Last Structure Change Process Date: July 13, 2011
    Last Data Update: July 13, 2011
    Data Source Date: April 05, 2012
  • Location
  • Address: 2131 Jericho Turnpike, Garden City Park, NY 11040
    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: $61.2 mil
    Equity capital: $4.2 mil
    Deposits held in domestic offices: $54.2 mil
    Return on assets (ROA): -3.38% (-$2.1 mil)
    Quarterly return on assets: -2.10% (-$1.3 mil)
    Return on Equity (ROE): -37.62% (-$1.5 mil)
    Quarterly return on equity: -28.72% (-$1.1 mil)
    Net income: -$2.0 mil
    Quarterly Net income: -$0.3 mil
    Pretax return on assets: -3.36% (-$2,057.6 mil)
    Quarterly Pretax return on assets: -2.09% (-$1,279.9 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
  • 16Total employees (full-time equivalent)
  • $61,239Total assets
  • $7,963Cash and due from depository institutions
  • $7,727Interest-bearing balances
  • $6,918Securities
  • $3,787Federal funds sold & reverse repurchase agreements
  • $38,407Net loans & leases
  • $826Loan loss allowance
  • $0Trading account assets
  • $3,442Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $61,239Life insurance assets
  • $722All other assets
  • $57,047Total liabilities and capital
  • $54,222Total liabilities
  • $52,167Total deposits
  • $54,222Interest-bearing deposits
  • $94Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $2,000Trading liabilities
  • $0Other borrowed funds
  • $825Subordinated debt
  • $4,192All other liabilities
  • $4,192Total equity capital
  • $4,192Total bank equity capital
  • $0Perpetual preferred stock
  • $6,212Common stock
  • $7,989Surplus
  • $-10,009Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $1,173Income earned, not collected on loans
  • $0Earning assets
  • $271Long-term assets (5+ years)
  • $56,839Average Assets, year-to-date
  • $8,888Average Assets, quarterly
  • $58,791Volatile liabilities
  • $59,887Insider loans
  • $40,108FHLB advances
  • $59,810Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $3,706Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $701Restructured Loans and leases
  • $2,603Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $3,134Total interest income
  • $1,022Total interest expense
  • $2,112Net interest income
  • $229Provision for loan and lease losses
  • $76Total noninterest income
  • $0Fiduciary activities
  • $21Service charges on deposit accounts
  • $0Trading account gains & fees
  • $55Additional noninterest income
  • $3,933Total noninterest expense
  • $1,527Salaries and employee benefits
  • $846Premises and equipment expense
  • $1,560Additional noninterest expense
  • -$1,974Pre-tax net operating income
  • $0Securities gains (losses)
  • $11Applicable income taxes
  • -$1,985Income before extraordinary items
  • $0Extraordinary gains - net
  • -$1,985Net income attributable to bank
  • $0Net charge-offs
  • -$1,985Cash dividends
  • $193Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.81%Yield on earning assets
  • 1.90%Cost of funding earning assets
  • 3.92%Net interest margin
  • 0.14%Noninterest income to earning assets
  • 7.29%Noninterest expense to earning assets
  • -3.38%Net operating income to assets
  • -3.38%Return on assets (ROA)
  • -3.36%Pretax return on assets
  • -37.62%Return on equity (ROE)
  • -37.62%Retained earnings to average equity (YTD only)
  • 0.51%Net charge-offs to loans
  • 118.65%Credit loss provision to net charge-offs
  • -9.04%Efficiency ratio
  • 179,753Assets per employee
  • 3.83%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 2.11%Loss allowance to noncurrent loans
  • 70.42%Noncurrent assets plus other real estate owned to assets
  • 1.92%Noncurrent loans to loans
  • 2.99%Net loans and leases to deposits
  • 70.83%Net loans and leases to core deposits
  • 79.28%Equity capital to assets
  • 6.85%Core capital (leverage) ratio
  • 6.20%Tier 1 risk-based capital ratio
  • 9.24%Total risk-based capital ratio
  • Memoranda
  • $11Average assets
  • $58,791Average earning assets
  • $5,277Average equity
  • $53,927Average loans

List of branches

  • 1 New York Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    0462666Hanover Community Bank2131 Jericho Turnpike, Garden City Park, NY 11040January 21, 2009Full Service Brick and Mortar

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