Institution Statistics
| Hanover Community Bank | | FDIC Certificate # | 58675 | | BankRate Report | View | | Year Established | 2009 | | Employees | 16 | | Primary Regulator | FDIC |
Assets and Liabilities | | Assets | $58.53 million | | Loans | $36.82 million | | Deposits | $51.20 million | | Equity Capital | $4.58 million | | Loan Loss Allowance | $801,000 | | Unbacked Noncurrent Loans | $1.12 million |
Historic Data - September 2010 | | Assets | $56.34 million | | Equity Capital | $7.19 million | | Loan Loss Allowance | $752,000 | | Unbacked Noncurrent Loans | $32,000 |
Profit Margin - Quarterly | | Net Interest Margin | 3.99% | | Return on Assets | -3.83% | | Return on Equity | -40.14% | | Interest Income | $2.36 million |
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Institution Health
Overall Score:
3 out of 5 
| Texas Ratio |  | | 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 September 30, 2011 Hanover Community Bank had $1.12 million in non-current loans and owned real-estate with $5.38 million in equity and loan loss allowances on hand to cover it. This gives Hanover Community Bank a Texas Ratio of 20.88% which is average. Any bank with a Texas Ratio near or greater than 100% is considered at risk. | | Texas Ratio Trend |  | | The Texas Ratio for Hanover Community Bank increased slightly from 0.40% as of September 30, 2010 to 20.88% as of September 30, 2011, resulting in a negative change of 5,085.21%. This indicates that the balance sheet and financial strength for Hanover Community Bank has declined slightly in recent periods. | | Deposit Growth |  | | In the past year, Hanover Community Bank has increased its total deposits by $5.24 million, resulting in 11.39% 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 Hanover Community Bank has shown is excellent. | | Capitalization | | | 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. Hanover Community Bank has $58.53 million in assets with $5.38 million in equity, resulting in a capitalization level of 9.19%, which is average. |
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