| Balance Sheets | 2025-06-30 | |||
|---|---|---|---|---|
| Loans | 1,966,452 | |||
| Allowance for credit losses | 21,571 | |||
| Loans, net | 1,944,881 | |||
| Securities available for sale, at fair value (net of allowance for credit losses of 0 at june 30, 2025 and december 31, 2024) | 102,636 | |||
| Interest-bearing deposits due from banks | 152,196 | |||
| Cash and non-interest-bearing deposits due from banks | 12,339 | |||
| Total cash and cash equivalents | 164,535 | |||
| Loan servicing rights | 6,449 | |||
| Premises and equipment, net | 14,388 | |||
| Other intangible assets | 222 | |||
| Other assets | 10,250 | |||
| Operating lease assets | 10,890 | |||
| Loans held for sale | 10,593 | |||
| Accrued interest receivable | 11,665 | |||
| Goodwill | 19,168 | |||
| Stock in federal home loan bank ('fhlb'), at cost | 7,869 | |||
| Deferred income taxes | 1,524 | |||
| Securities held to maturity, fair value of 3,498 at june 30, 2025 and 3,609 at december 31, 2024 (net of allowance for credit losses of 0 at june 30, 2025 and december 31, 2024) | 3,594 | |||
| Prepaid post retirement plan | 3,312 | |||
| Total assets | 2,311,976 | |||
| Non-interest-bearing demand | 243,664 | |||
| Time | 511,625 | |||
| Savings, now and money market | 1,195,992 | |||
| Total deposits | 1,951,281 | |||
| Subordinated debentures (25,000 face amount less unamortized debt issuance costs of 284 and 311 at june 30, 2025 and december 31, 2024, respectively) | 24,716 | |||
| Borrowings | 107,805 | |||
| Other liabilities | 16,251 | |||
| Operating lease liabilities | 11,565 | |||
| Accrued interest payable | 1,473 | |||
| Total liabilities | 2,113,091 | |||
| Retained earnings | 70,375 | |||
| Preferred stock, series a (par value 0.01 15,000,000 shares authorized issued and outstanding 275,000 at june 30, 2025 and december 31, 2024, respectively) | 5,041 | |||
| Common stock (par value 0.01 17,000,000 shares authorized issued and outstanding 7,224,243 and 7,152,127 at june 30, 2025 and december 31, 2024, respectively) | 72 | |||
| Surplus | 124,624 | |||
| Accumulated other comprehensive loss, net of tax | -1,227 | |||
| Total stockholders' equity | 198,885 | |||
| Total liabilities and stockholders' equity | 2,311,976 | |||
Hanover Bancorp, Inc. NY (HNVR)
Hanover Bancorp, Inc. NY (HNVR)