Hanover Community Bank

Hanover Community Bank is headquartered in Garden City Park and is the 167^th largest bank in the state of New York. It is also the 6,155^th largest bank in the nation. It was established in 2009 and as of March of 2012, it had grown to 14 employees at 1 location. Hanover Community Bank has a 3-star health rating.

Hanover Community Bank Routing Number: 021414468

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Data for Q1 2012

Institution Statistics Hanover Community Bank FDIC Certificate # 58675 BankRate Report View Year Established 2009 Employees 14 Primary Regulator FDIC Assets and Liabilities Assets $56.93 million Loans $35.90 million Deposits $52.66 million Equity Capital $3.70 million Loan Loss Allowance $1.00 million Unbacked Noncurrent Loans $1.15 million Historic Data - March 2011 Assets $58.60 million Equity Capital $5.71 million Loan Loss Allowance $801,000 Unbacked Noncurrent Loans $590,000 Profit Margin - Quarterly Net Interest Margin 3.98% Return on Assets -3.2% Return on Equity -47.85% Interest Income $780,000

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 March 31, 2012 Hanover Community Bank had $1.15 million in non-current loans and owned real-estate with $4.7 million in equity and loan loss allowances on hand to cover it. This gives Hanover Community Bank a Texas Ratio of 24.43% 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 9.06% as of March 31, 2011 to 24.43% as of March 31, 2012, resulting in a negative change of 169.72%. 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 $3.51 million, resulting in 7.13% 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 $56.93 million in assets with $4.7 million in equity, resulting in a capitalization level of 8.26%, which is average.

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