Hanover Community Bank
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Data as of · sourced from FFIEC call reports. How we update
Hanover Community Bank is an FDIC-insured commercial bank headquartered in Garden City Park, NY, established in 2009 (FDIC certificate 58675), and it is supervised by the FDIC. At Q2 2026 it reported total assets of $2.33B, up 1.0% from Q2 2025, the 33rd largest of 105 banks headquartered in New York. Its CET1 capital ratio was 13.59% at Q2 2026, comfortably above the 7% level required once the capital conservation buffer is included.
- Charter
- Commercial bank
- Regulator
- FDIC
- Deposit insurance
- FDIC
- FDIC certificate
- 58675
- Headquarters
- Garden City Park, NY
- Established
- 2009
- Total assets, Q2 2026
- $2.33B
- Assets vs Q2 2025
- +1.0%
- CET1 ratio, Q2 2026
- 13.59%
- Domestic offices
- 10 FDIC institution directory, current count
- Routing number
- 021414468
- Latest call report
- Q2 2026, FFIEC 051 · Hanover Community Bank call report
- Holding company
- HANOVER BANCORP, INC.
- Asset rank in state
- 33rd of 105 in New York
Hanover Community Bank pays more for its money than most banks of its size. Based in Garden City Park, New York, it had $2.3 billion in assets at June 30, 2026, up 1.0% from a year earlier. It pays an average of 2.94% on its deposits and borrowings, higher than about 9 in 10 of the 895 banks with $1 billion to $10 billion in assets (median 2.01%). It also holds commercial real estate loans worth 3.5 times its capital, higher than about three-quarters of banks its size (median 2.2 times).
Earnings jumped: net income for the quarter was $4.9 million, 79% above the same quarter a year earlier. Problem loans, meaning loans on nonaccrual or 90 or more days past due, net of government guarantees, rose to 1.06% of loans from 0.87% a year earlier. Credit is the area to watch: it carries problem assets equal to 9.4% of the capital and reserves that would absorb them, 2.6 times the median of 3.6% for banks its size.
As of June 30, 2026, Hanover Community Bank reported a CET1 capital ratio of 13.59%, a return on assets of 0.88%, a nonperforming-loan ratio of 1.42% and a Texas ratio of 9.36%. The figures come from its call report filed with the FFIEC.
Of the 105 banks headquartered in New York, Hanover Community Bank is the 33rd largest by total assets at Q2 2026. Quarter on quarter (Q1 2026 to Q2 2026), its total assets fell 1.5% to $2.33B, loans fell 0.4% and deposits fell 1.9%. The largest part of its loan book on June 30, 2026 was 1-4 family residential loans, at 38.3% of total loans, ahead of multifamily loans at 28.3%. Its 10 offices in the FDIC Summary of Deposits are in 9 cities across 2 states; its Garden City Park office books 70% of its branch deposits. Judged on its Q2 2026 call report, Hanover Community Bank meets every capital ratio test for well capitalized.
Headquarters Profile
- Address
- 2131 Jericho Tpke, Garden City Park, NY 11040
- County
- Nassau
- Metro Area
- New York-Newark-Jersey City, NY-NJ
- Charter
- Commercial bank, state charter, Fed non-member, FDIC-supervised
- Primary Regulator
- FDIC
- FDIC Region
- New York (Region 2)
- Federal Reserve member
- No
- Federal Reserve district
- District 2, New York
- Fiduciary (trust) powers
- —
- Call Report form
- FFIEC 051
- Established
- January 21, 2009
- Domestic offices
- 10 FDIC institution directory, current count
- Employees (FTE)
- 192
- Domestic deposits
- $2.01B
- Allowance for credit losses
- $19.1M
- Net charge-offs (YTD)
- $555K
- Average total assets
- $2.23B
- Average total loans
- $1.99B
- Average interest-bearing deposits
- $1.64B
- Tax status
- C corporation
- Ownership
- Stock
- Community bank
- Yes
- FDIC-insured since
- January 21, 2009
- FDIC Cert
- 58675
- Fed RSSD
- 3793714
- SEC CIK
- 1828588 → filed by HANOVER BANCORP, INC.
- Website
- www.hanoverbank.com →
- Parent Holding Company
- HANOVER BANCORP, INC. (RSSD 5010134) · HNVR
Management
Senior officers at parent holding company, from SEC Form 3/4/5 disclosures
| Name | Role | Title |
|---|---|---|
| Michael P Puorro | CEO | Chairman & CEO |
| Kevin M O'Connor | PRES | President |
| Lance P Burke | CFO | SEVP & Chief Financial Officer |
| Kevin Corbett | CCO | EVP & Chief Credit Officer |
| John P Vivona | CRO | EVP & Chief Risk Officer |
Profitability
Q2 annualizedCapital & Liquidity
Balance Sheet
Income Statement
Operating & Funding
Ratios tagged annualized use the Q2 income alone. The UBPR and FDIC annualize the year to date instead. FDIC BankFind divides by the average of quarter-end total assets, the UBPR by RC-K average assets. The YTD margin is the UBPR's tax-equivalent figure over its own average earning assets; FDIC BankFind's margin is not tax-equivalent. How we compute these figures
Quarterly trends
Hanover Community Bank's total assets moved between a low of $2.15B (Q3 2023) and a high of $2.38B (Q4 2025) from Q3 2023 to Q2 2026, and it earned a profit in all 12 quarters. The line under each chart compares Q2 2026 with Q2 2025. How these charts are built
$2.33B total assets against $2.31B; $2.10B total liabilities against $2.09B.
$1.98B net loans and leases against $1.96B; $2.01B total deposits against $1.95B.
$136.0M securities against $106.2M; $141.2M cash and balances due against $164.5M.
$32.1M total interest income against $32.0M; $14.6M total interest expense against $16.9M.
$17.5M net interest income against $15.1M.
$2.8M total noninterest income against $3.6M; $13.3M total noninterest expense against $12.6M.
$500K provision for credit losses against $2.4M.
$4.9M net income against $2.7M.
0.88% return on assets against 0.50%; 3.23% net interest margin against 2.81%.
13.59% CET1 capital ratio against 13.16%; 9.76% tier 1 leverage ratio against 9.29%.
Inside the full Hanover Community Bank terminal
21 quarters of trends · 8 tabs · peer percentiles · watchlist alerts
Unlock this bank, freeWatch flags
Automated conditions triggered on this bank's latest filing. Advisory only; see the source metric pages for full context. Each flag is tagged Regulatory when it cites an official supervisory threshold, or BRR analysis when it's our own band, informed by our data and models.
Commercial real estate loans exceed 300% of total capital, the threshold at which the 2006 interagency guidance flags a bank for heightened supervisory scrutiny. CRE concentration has been the central stress vector for regional banks since 2023. 2006 Interagency CRE Concentration Guidance (SR 07-1).
Hanover Community Bank rankings
Its closest position to the top of a national ranking is 527 of 4,196, for total assets; its furthest is 2,754 of 3,611, for ROA.
Quarterly trend: last 8 quarters
Across the 8 quarters to Q2 2026, its return on assets ran from 0.09% (Q4 2025) to 0.88% (Q2 2026) and its net interest margin ran from 2.44% (Q3 2024) to 3.23% (Q2 2026).
| Quarter | CET1 | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 13.59% | 0.88% | 1.42% | 9.36% | 3.23% |
| Q1 2026 | 13.32% | 0.43% | 1.22% | 8.04% | 3.04% |
| Q4 2025 | 12.90% | 0.09% | 1.08% | 8.38% | 2.96% |
| Q3 2025 | 13.13% | 0.67% | 0.86% | 7.52% | 2.82% |
| Q2 2025 | 13.16% | 0.50% | 0.88% | 7.70% | 2.81% |
| Q1 2025 | 13.37% | 0.32% | 0.59% | 5.18% | 2.70% |
| Q4 2024 | 13.32% | 0.75% | 0.82% | 7.20% | 2.60% |
| Q3 2024 | 12.99% | 0.68% | 0.76% | 6.86% | 2.44% |
Swipe the table sideways to see every column.
Branch Network
View all 10 branches → Branch count from the FDIC Summary of Deposits, June 30, 2026. The domestic office count above is the FDIC's current figure, so the two can differ.
| Branch | Location | ZIP | Deposits |
|---|---|---|---|
| Hanover Community Bank (main office) | Garden City Park , NY | 11040 | $1.42B |
| Hauppauge Branch Office | Hauppauge , NY | 11788 | $104.7M |
| Bowery Branch | New York , NY | 10002 | $101.5M |
| Mineola Branch | Mineola , NY | 11501 | $92.0M |
| Rockefeller Center Branch | New York , NY | 10020 | $79.5M |
| 8th Avenue Branch | Brooklyn , NY | 11220 | $57.6M |
| Flushing Branch | Flushing , NY | 11354 | $54.7M |
| Forest Hills Branch | Forest Hills , NY | 11375 | $48.7M |
| Port Jefferson Branch | Port Jefferson , NY | 11777 | $35.7M |
| Freehold Branch | Freehold , NJ | 07728 | $22.2M |
Events & Regulatory History
Mergers, charter changes, enforcement actions, FDIC assistance, and (if applicable) failure events recorded against this institution. Click a year to see what else was happening across US banking that year.
| Date | Category | Event | Source |
|---|---|---|---|
| May 27, 2021 | Structure Change | Acquired Savoy Bank Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| May 26, 2021 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| August 10, 2019 | Structure Change | Acquired Chinatown Federal Savings Bank Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| August 9, 2019 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
Sourced from the bank event history (FDIC, Federal Reserve NIC, OCC, and OTS). Showing the most recent 4 events.
Regulatory record
Facts as filed or published, not a rating.
- Deposit market share
- <0.1% of deposits in NY, rank 59 of 176 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- Mortgage lending (HMDA)
- 510 applications, 374 loans originated, $259.5M originated, across 2 states
- Period: Calendar year 2025. Source: FFIEC HMDA loan application register.
- SBA 7(a) lending
- 100 loans, $103.9M approved, $1.0M average. 0.00% of that year's loans have since been charged off
- Period: Federal fiscal year 2025 (October to September). Source: SBA 7(a) and 504 loan data (FOIA).
- Not on file
- Enforcement actions, Consumer complaints, CFPB enforcement, CRA examination rating. No record from these sources, which is not the same as a clean record. Sources
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Frequently asked about Hanover Community Bank
What are Hanover Community Bank's total assets?
As of the Q2 2026 filing, Hanover Community Bank reported total assets of $2.33 billion in its FFIEC call report.
Where is Hanover Community Bank headquartered?
It is headquartered in Garden City Park, NY, United States.
When was Hanover Community Bank founded?
It was established in 2009, per the FDIC institution directory.
Is Hanover Community Bank FDIC-insured?
Yes. It is an FDIC-insured commercial bank (FDIC Certificate #58675). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category, per FDIC rules.
Who regulates Hanover Community Bank?
Hanover Community Bank's primary federal regulator is the FDIC.
What is Hanover Community Bank's CET1 capital ratio?
It reported a Common Equity Tier 1 (CET1) capital ratio of 13.59% in its Q2 2026 call report, comfortably above the 7% level required once the capital conservation buffer is included.
How many branches does Hanover Community Bank operate?
It operates 10 domestic offices, per the FDIC institution directory. That count includes administrative and limited-service offices as well as full-service branches.
What is Hanover Community Bank's Texas Ratio?
Its Texas Ratio is 9.36% in its Q2 2026 call report, within the healthy range (at or below 50%, the level at which problem assets reach half of the capital cushion). The Texas Ratio measures non-performing assets against the bank's capital and reserves.
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