# HANOVER COMMUNITY BANK
GARDEN CITY PARK, NY · FDIC certificate 58675 · asset band $1-10B · latest filing 2026-06 · live

**Verdict on the desk:** this could be *funding-stretched*. Composite score 1 (one point per flag, capital below 5% counted twice; 7 or more is where departures cluster).

## What the filing shows (filed dollars, derived ratios; band percentiles in parentheses)

| Measure | Value | Band median |
|---|---|---|
| Total assets | $2.33B | |
| Deposits | $2.01B | |
| Loans and leases | $2.00B | |
| Total equity | $235.9M | |
| Loans / deposits | 98.44% (p82 of band) | 87.10% |
| Liquid assets / assets | 11.87% (p10 of band) | |
| Uninsured deposits / deposits | 41.09% (p76 of band) | 30.76% |
| Brokered deposits | 5.43% | |
| Wholesale funding | 7.99% (p57 of band) | |
| FHLB advances / assets | 2.56% | |
| Tier 1 leverage | 9.76% (p31 of band) | 10.50% |
| Unrealized securities loss / equity | -0.30% (p94 of band) | -7.75% |
| AOCI / equity | 0.05% (p81 of band) | |
| ROA (annualized) | 0.63% (p11 of band) | 1.26% |
| Net interest margin | 3.08% (p18 of band) | 3.70% |
| Efficiency ratio | 72.08% (p83 of band) | |
| Noncurrent loans | 1.42% (p82 of band) | 0.51% |
| Net charge-offs (annualized) | 0.05% (p62 of band) | |
| Reserve coverage of noncurrent | 67.53% | |
| Real estate % of loans | 92% | |
| Construction % of loans | 4.35% (p7 of band) | |
| Auto loans | $0 (0.00% of loans; DQ –, NCO 0.00%) | |
| Loans to nondepository financials | $0 (0% of equity) (p35 of band) | |
| Deposits YoY | 3.1% | |
| Employees | 192 | |

## Flags firing in the latest filing

- **reserve under noncurrent** (`aq_reserve`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2011-03 | 3 | losing money, expense ratio p90, charge-offs p90 |  |
| 2011-06 | 2 |  | charge-offs p90 |
| 2011-09 | 5 | leverage <7%, capital falling, reserve under noncurrent |  |
| 2011-12 | 5 |  |  |
| 2012-03 | 5 |  |  |
| 2012-06 | 8 | leverage <5%, noncurrent p90 |  |
| 2012-09 | 7 |  | noncurrent p90 |
| 2012-12 | 3 |  | leverage <7%, capital falling, leverage <5% |
| 2013-03 | 4 | charge-offs p90 |  |
| 2013-06 | 4 | capital falling | reserve under noncurrent |
| 2013-09 | 4 |  |  |
| 2013-12 | 4 |  |  |
| 2014-03 | 2 | liquid assets <10% | losing money, expense ratio p90, charge-offs p90 |
| 2014-06 | 1 |  | liquid assets <10% |
| 2014-09 | 0 |  | capital falling |
| 2014-12 | 2 | loans exceed deposits, liquid assets <10% |  |
| 2015-03 | 2 |  |  |
| 2015-06 | 0 |  | loans exceed deposits, liquid assets <10% |
| 2015-09 | 2 | loans exceed deposits, liquid assets <10% |  |
| 2015-12 | 2 |  |  |
| 2016-03 | 3 | capital falling |  |
| 2016-06 | 3 |  |  |
| 2016-09 | 3 | wholesale funding >15% | capital falling |
| 2016-12 | 1 |  | liquid assets <10%, wholesale funding >15% |
| 2017-03 | 2 | liquid assets <10% |  |
| 2017-06 | 1 |  | liquid assets <10% |
| 2017-09 | 2 | wholesale funding >15% |  |
| 2017-12 | 3 | liquid assets <10% |  |
| 2018-03 | 3 |  |  |
| 2018-06 | 4 | capital falling |  |
| 2018-09 | 2 |  | liquid assets <10%, capital falling |
| 2018-12 | 2 |  |  |
| 2019-03 | 2 |  |  |
| 2019-06 | 3 | liquid assets <10% |  |
| 2019-09 | 2 | capital falling | wholesale funding >15%, liquid assets <10% |
| 2019-12 | 2 |  |  |
| 2020-03 | 1 |  | loans exceed deposits |
| 2020-06 | 1 | loans exceed deposits | capital falling |
| 2020-09 | 1 |  |  |
| 2020-12 | 1 |  |  |
| 2021-03 | 2 | reserve under noncurrent |  |
| 2021-06 | 5 | wholesale funding >15%, capital falling, expense ratio p90 |  |
| 2021-09 | 5 | uninsured deposits >50%, run vulnerability | wholesale funding >15%, expense ratio p90 |
| 2021-12 | 4 | liquid assets <10% | reserve under noncurrent, capital falling |
| 2022-03 | 5 | reserve under noncurrent |  |
| 2022-06 | 5 |  |  |
| 2022-09 | 5 |  |  |
| 2022-12 | 3 | capital falling | uninsured deposits >50%, run vulnerability, reserve under noncurrent |
| 2023-03 | 2 |  | liquid assets <10% |
| 2023-06 | 4 | wholesale funding >15%, uninsured deposits leaving |  |
| 2023-09 | 4 | liquid assets <10%, reserve under noncurrent | capital falling, wholesale funding >15% |
| 2023-12 | 1 |  | uninsured deposits leaving, liquid assets <10%, reserve under noncurrent |
| 2024-03 | 3 | capital falling, NIM <2.5% |  |
| 2024-06 | 3 |  |  |
| 2024-09 | 3 |  |  |
| 2024-12 | 2 |  | capital falling |
| 2025-03 | 2 | expense ratio p90 | NIM <2.5% |
| 2025-06 | 2 | charge-offs p90 | expense ratio p90 |
| 2025-09 | 0 |  | loans exceed deposits, charge-offs p90 |
| 2025-12 | 3 | capital falling, charge-offs p90, reserve under noncurrent |  |
| 2026-03 | 2 | expense ratio p90 | capital falling, charge-offs p90 |
| 2026-06 | 1 |  | expense ratio p90 |

## In the news (Google News, unfiltered, newest first; check the city)

- 2026-07-20 [Hanover Bancorp, Inc. Appoints Kevin O’Connor President - GlobeNewswire](https://news.google.com/rss/articles/CBMiwwFBVV95cUxOSXJlaFR4MkpoTU82T2lKOFFRVUhUUXRIY2VDM1JSRVNmUWR2bjJmek5TemZxM1V2UHlOeTBGd1F6YjBxREJDdG1haVh0S1VQbzZfYXB3X05BNUQyZkpWaENsWmR6QzMtSWdFV3I1MDB6Qmc4YnQ5a3FGNlJOaDRlLXI2akg2MzZzRkdxbV9iMkphWTJrcER4ZWl6REdKNGJSWGxOMExlZDgyM2NMYW42TE9JMmtjWWY5TF9qN2V4RjlZYnM?oc=5) · GlobeNewswire
- 2026-07-23 [Hanover Bank names Kevin O’Connor president to lead Long Island growth - LI Press](https://news.google.com/rss/articles/CBMiekFVX3lxTE40dWgwME9mRG0tVktsWkVudm9xWTl0WlhQcHo3QXFnZTNZSWhWTV9WbERKdHZGZDc3a0NEVi1zWTlSSDY4V1hqWXJxS1JGR1k4U0JUU19KV1NzNk9qQUZXLU1qeVEwWHExVE1PSmQ2elhlS2lISmdMYmp3?oc=5) · LI Press
- 2026-01-29 [Hanover Bancorp Appoints William Newham, III EVP - citybiz.co](https://news.google.com/rss/articles/CBMijwFBVV95cUxQaHdscFA5M0plN2hPczRjZHNVU1h4bzJvdTBnTTlCaUZzQTc0WmRXeFgwbW9taWw5TUpIVWhuV2hEbjdmWTZIMThtdFRiUmpHWk9sdm9nd05VclZFSzRTdWllUEliTnFRdGFTT29yeXppSUdqNlN1Uk81VG9vWnRDb0pPSUhVTEhKZEQteC1KQQ?oc=5) · citybiz.co
- 2025-06-25 [Hanover Community Bank Expands to Port Jefferson with Tenth Branch Opening - Quiver Quantitative](https://news.google.com/rss/articles/CBMiqwFBVV95cUxOU2twWElIbmEtbVhLU1hJZG1sZ0czSUZWWnZmaW9tRGx6Q1JtMWtJSkFiSnZFS0RPRUxGRVlGM1dFUlpsWXJmMFFtNk9SMlZSNXM3OEl6d2c0TUpDdU9VYkJEMlFVSmpLX0k3XzRQZjFDaFE5ZU9oYS1nVF80cGtFa2xVcFJqaWhNTzRTNjF6aXpqZjk1eV9JVVcxdWhtNkpndzdOcHBzZGZxM1U?oc=5) · Quiver Quantitative
- 2018-09-24 [Hanover to acquire NYC bank in $28.8M deal - Long Island Business News](https://news.google.com/rss/articles/CBMiekFVX3lxTE9yeVhiaHZkU2xaa0FwZ1V3QmZGVDNkWHc1MUFWWU81a1E5dGNXei02d1l2aEgzTkR2enZITk9tNEl1QktZQUZPVTFLams5aVpXZ0xYU0ZtcmZNejFUWmNhY3hFdFhtNExhUWJjb01HNFhIUXZQMWZoQ1Vn?oc=5) · Long Island Business News
- 2022-02-23 [HNVR IPO News - New York community bank Hanover Bancorp files for a $35 million IPO - renaissancecapital.com](https://news.google.com/rss/articles/CBMiwgFBVV95cUxONk9VRlpleW1zMlZnbzRmWFNoMUlwZDZ1QWc4aGljRUQtc1pHLWNrUlkxM1lCZHZiRURsNXg3QUNEaUZWd2wxcTg3NVhMcDkzOUhnaURkZGVuTDVkaEU0NUJUVVJFTk1FWHdLSGZJUUlJcHFBUjNYVl9QV0wyQlZtMUwzZFdqVG9CTG9zak0zbWZjSzFHS0lORHAtVzc1SmM2ejFRc0NIU21xdzNPaFQtRmxVSTQyRU5FWWVUU2NBalNPQQ?oc=5) · renaissancecapital.com
- 2022-05-04 [HNVR IPO News - New York community bank Hanover Bancorp sets terms for $30 million IPO - renaissancecapital.com](https://news.google.com/rss/articles/CBMixgFBVV95cUxPdUR3SVRrT0xZWjI4czl1N0RDeFJNMjd6SDNwaUpaRktRWlY2T3RhR1A0RzkxdEx6NVh2M2Z3aEs2NnJvbHlSUmNSSk14bG05TFNkVzlpUHFsN3lraVVCWm5YZU4tUGU0cmw5V3U5dllGODYzSlNKM0Q2dHQtTHhWZ1NwdU9vZm1YR3N2MGl1S1EyOHJockh2elJVSUJ0SjM1cFVqazJCNlUycW96cnFiTFpNYmNrcGhjdE1PY1k5RlVGWDZXQmc?oc=5) · renaissancecapital.com
- 2018-12-14 [Hanover Bank Launches Its New Branding - GlobeNewswire](https://news.google.com/rss/articles/CBMirwFBVV95cUxOM2d0aHRjazh4aWlobWVMRld4cEFNMG93MUhjcEEtTWJxQnZvMmFJaFlVTEVpUFRtalB3Q0ZUUGRlWVFMeGRjWUpPV1o4bTh1SjJuaXBsMjRZZkU3LVFQaEpoQzVVLUZmZHJTOFNaRDcyV3d4aXpEQTBkcDVCOUUtNTZnZEg1TWQ1dExaRDNUWEJXUUZWaDhJLU5jRDB5Mld0MFhNeDVpTi1CUUZGNkk4?oc=5) · GlobeNewswire

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=58675 (click any number for its formula and FFIEC field codes)
- Latest row, JSON: https://getbookiq.com/bank-desk/data/summary.json · history: https://getbookiq.com/bank-desk/data/h/51.json (key "58675", columns cycle, ASSET, DEP, LNLSGR, EQTOT, ltd, liquid_pct, unins_pct, lev, aoci_pct_eq, sec_loss_eq, roa, nim, eff, nc_pct, nco_pct, LNAUTO, auto_dq, auto_nco, LNNDEPD, ndfi_eq, wholesale_pct, dep_yoy, score, flags)
- Field definitions: https://getbookiq.com/dictionary/#bank-LNNDEPD and the rest of the bank dictionary
- Source: FDIC call report via BankFind, dollars in thousands as filed. Departed means stopped filing, which is usually a merger; FAILED is the FDIC's own list.

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Rendered 2026-09-10 from the desks' own data files. Full guide: https://getbookiq.com/guide