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Overview / Commentary
300 Glen Street
Glen Cove, NY 11542

American Community Bank (NY) is headquartered in Glen Cove and is the 126th largest bank in the state of New York. It is also the 3,443rd largest bank in the nation. It was established in 2000 and as of March of 2014, it had grown to 32 employees at 5 locations. American Community Bank (NY) has a B+ health rating.

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Health

Data for Q1 2014

Institution Health

B+

Texas Ratio

GRADE:
C+

The Texas Ratio is an indicator of how much capital a bank has available compared to the total value of loans considered at risk. As of March 31, 2014 American Community Bank (NY) had $6.38 million in non-current loans and owned real-estate with $25.38 million in equity and loan loss allowances on hand to cover it. This gives American Community Bank (NY) a Texas Ratio of 25.13% which is average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
B+

The Texas Ratio for American Community Bank (NY) decreased slightly from 29.87% as of March 31, 2013 to 25.13% as of March 31, 2014, resulting in a positive change of 15.86%.This indicates that the balance sheet and financial strength for American Community Bank (NY) has improved slightly in recent periods.

Deposit Growth

GRADE:
A+

In the past year, American Community Bank (NY) has increased its total deposits by $13.5 million, resulting in 10.5% 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 $167.68 million in assets with $25.38 million in equity, resulting in a capitalization level of 15.13%, which is excellent.

Institution Statistics

Overall
FDIC Certificate #35033
Year Established2000
Employees32
Primary RegulatorFDIC
Assets and Liabilities
Assets$167.68 million
Loans$103.24 million
Deposits$142.10 million
Equity Capital$22.06 million
Loan Loss Allowance$3.32 million
Unbacked Noncurrent Loans$4.60 million
Real Estate Owned$1.78 million
Historic Data - March 2013
Assets$152.54 million
Equity Capital$20.72 million
Loan Loss Allowance$3.87 million
Unbacked Noncurrent Loans$4.60 million
Real Estate Owned$625,000
Profit Margin - Quarterly
Net Interest Margin4.44%
Return on Assets0.45%
Return on Equity3.52%
Interest Income$1.85 million
Rates

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American Community Bank (NY) Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.35%$200k-Monthly Statement Account
0.35%$200k-Passbook Account
0.35%$200k-Business Statement Account
0.25%$50k$200kInterest On Lawyer Accounts (IOLA)
0.15%--IRA Statement Savings
0.15%--Holiday Savings Account

American Community Bank (NY) Money Market Rates

DetailsAPYMINMAXPRODUCT
0.30%$200k-Personal Money Market Accounts
0.30%$200k-Business Money Market Account

American Community Bank (NY) Checking Account Rates

DetailsAPYMINMAXPRODUCT
0.10%--Senior Interest Checking
0.10%--Non For Profit Checking

American Community Bank (NY) CD Rates

DetailsAPYMINMAXPRODUCT
1.25%--60 Month Personal CD
1.25%--Business 60 Month CD
0.90%--30 Month Personal CD
0.90%--Business 30 Month CD
0.80%--24 Month Personal CD
0.80%--Business 24 Month CD
0.65%--18 Month Personal CD
0.65%--Business 18 Month CD
0.40%--12 Month Personal CD
0.40%--Business 12 Month CD
0.30%--6 Month Personal CD
0.30%--9 Month Personal CD
0.30%--Business 6 Month CD
0.30%--Business 9 Month CD
0.20%--3 Month Personal CD
0.20%--Business 3 Month CD

American Community Bank (NY) IRA Rates

DetailsAPYMINMAXPRODUCT
1.25%--60 Month IRA CD
0.90%--30 Month IRA CD
0.80%--24 Month IRA CD
0.65%--18 Month IRA CD
0.40%--12 Month IRA CD
0.30%--6 Month IRA CD
0.30%--9 Month IRA CD
0.20%--3 Month IRA CD
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