Hanover Community Bank: how it compares with its peers
Against 30 NY banks with half to twice its assets, Hanover Community Bank's strongest measure in Q2 2026 is assets per employee ($12.2M vs. a $9.4M peer median). Its weakest relative measure is return on assets (0.63% vs. 1.07%).
| Measure | Hanover Community Bank | Peer median | Rank |
|---|---|---|---|
| Return on assets Annualized net income over average assets. | 0.63% | 1.07% | Bottom third Ahead of 17% of peers |
| Net interest margin Annualized net interest income over earning assets. | 3.08% | 3.28% | Middle third Ahead of 37% of peers |
| Efficiency ratio Noninterest expense per dollar of revenue. Lower is better. | 72.08% | 59.49% | Middle third Ahead of 37% of peers |
| Assets per employee Total assets over full-time-equivalent staff. | $12.2M | $9.4M | Top third Ahead of 67% of peers |
| Loans to deposits Net loans and leases over total deposits. | 98.44% | 82.99% | Context |
What it means for lending operations
Its efficiency ratio of 72.08% is above the 59.49% peer median: it spends more to earn each dollar of revenue than most banks its size. Staff time on manual borrower verification (collecting pay stubs, bank statements, and employment letters, then re-keying them) is one of the larger controllable costs behind that number.
Banks closest in size
- Pioneer Bank, National Association Albany, NY · $2.34B
- Shinhan Bank America New York, NY · $2.23B
- Maspeth Federal Savings and Loan Association Maspeth, NY · $2.21B
- Esquire Bank, National Association Jericho, NY · $2.49B
- Mizuho Bank (USA) New York, NY · $2.14B
Questions about Hanover Community Bank
How big is Hanover Community Bank?
Hanover Community Bank, established in 2009, is headquartered in Garden City Park, NY. It reported $2.33B in total assets in its Q2 2026 FDIC call report and operates 11 offices.
What is Hanover Community Bank's return on assets?
0.63% annualized in Q2 2026, against a 1.07% median for 30 NY banks with half to twice its assets, ahead of 17% of them.
What is Hanover Community Bank's efficiency ratio?
72.08% in Q2 2026: it spent about 72 cents in noninterest expense for each dollar of revenue. The peer median is 59.49%, and lower is better.
Is Hanover Community Bank growing its loans?
Net loans grew 1.3% over the year to Q2 2026, while deposits grew 3.2%.
Sources and method
Figures are from the FDIC’s public call report data for the quarter ending 06/30/2026, via FDIC BankFind. Return on assets and net interest margin are annualized year to date. Peers are NY banks with half to twice its assets in the same quarter, excluding this bank. The page refreshes daily, so new quarters appear as banks file. Compare another bank or see every New York bank ranked.