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American Community Bank (NY)

American Community Bank (NY)
Overview / Commentary
300 Glen Street
Glen Cove, NY 11542

American Community Bank (NY) is headquartered in Glen Cove and is the 125th largest bank in the state of New York. It is also the 3,393rd largest bank in the nation. It was established in 2000 and as of December of 2013, it had grown to 33 employees at 5 locations. American Community Bank (NY) has a B+ health rating.

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Health

Data for Q4 2013

Institution Health

B+

Texas Ratio

GRADE:
C+

The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of December 31, 2013 American Community Bank (NY) had $6.93 million in non-current loans and owned real-estate with $24.94 million in equity and loan loss allowances on hand to cover it. This gives American Community Bank (NY) a Texas Ratio of 27.78% which is average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
C+

The Texas Ratio for American Community Bank (NY) experienced no significant changes from 23.92% as of December 31, 2012 to 27.78% as of December 31, 2013, resulting in a negative change of 16.12%. This indicates that the balance sheet and financial strength for American Community Bank (NY) has had no significant changes in recent periods.

Deposit Growth

GRADE:
A+

In the past year, American Community Bank (NY) has increased its total deposits by $17.55 million, resulting in 13.5% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth American Community Bank (NY) has shown is excellent.

Capitalization

GRADE:
A+

Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. American Community Bank (NY) has $171.69 million in assets with $24.94 million in equity, resulting in a capitalization level of 14.53%, which is excellent.

Institution Statistics

Overall
FDIC Certificate #35033
Year Established2000
Employees33
Primary RegulatorFDIC
Assets and Liabilities
Assets$171.69 million
Loans$106.41 million
Deposits$147.53 million
Equity Capital$21.01 million
Loan Loss Allowance$3.93 million
Unbacked Noncurrent Loans$6.30 million
Real Estate Owned$625,000
Historic Data - December 2012
Assets$154.99 million
Equity Capital$20.92 million
Loan Loss Allowance$3.79 million
Unbacked Noncurrent Loans$6.30 million
Real Estate Owned$250,000
Profit Margin - Quarterly
Net Interest Margin4.38%
Return on Assets0.38%
Return on Equity2.99%
Interest Income$7.11 million
Rates

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Locations


American Community Bank (NY) Locations
Commack Branch100 Commack RoadCommack, NY 11725
East Northport Branch1968 Jericho TurnpikeEast Northport, NY 11731
American Community Bank300 Glen StreetGlen Cove, NY 11542