Hanover Bancorp Balance Sheet Health
Financial Health criteria checks 6/6
Hanover Bancorp has total assets of $2.3B and total equity of $189.5M. Total deposits are $1.9B, and total loans are $2.0B. It earns a Net Interest Margin of 2.9%. It has sufficient allowance for bad loans, which are currently at 0.7% of total loans. Cash and short-term investments are $136.5M.
Key information
12.2x
Asset to equity ratio
2.9%
Net interest margin
Total deposits | US$1.92b |
Loan to deposit ratio | Appropriate |
Bad loans | 0.7% |
Allowance for bad loans | Sufficient |
Current ratio | Low |
Cash & equivalents | US$136.48m |
Financial Position Analysis
Debt to Equity History and Analysis
Balance Sheet
Financial Institutions Analysis
Asset Level: HNVR's Assets to Equity ratio (12.2x) is moderate.
Allowance for Bad Loans: HNVR has a sufficient allowance for bad loans (134%).
Low Risk Liabilities: 91% of HNVR's liabilities are made up of primarily low risk sources of funding.
Loan Level: HNVR has an appropriate level of Loans to Assets ratio (86%).
Low Risk Deposits: HNVR's Loans to Deposits ratio (104%) is appropriate.
Level of Bad Loans: HNVR has an appropriate level of bad loans (0.7%).