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
No
ID
Name
Address
Established
Service Type
Map
0
462666
Hanover Community Bank
2131 Jericho Turnpike, Garden City Park, NY 11040
January 21, 2009
Full Service Brick and Mortar
Comment about this bank, ask questions, or add new information about it:
This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with Hanover Community Bank.
Based on public records. Inadvertent errors are possible. bankencyclopedia.com does not guarantee the accuracy or timeliness of any information on this site. Use at your own risk.
Comment about this bank, ask questions, or add new information about it: