American Community Bank

300 Glen Street
Glen Cove, NY 11542

 

2019 Overview

General Bank Information

FDIC Insured Yes
FDIC Certificate # 35033
Date Established 2000
Assets $0.21 billion
Loans $0.16 billion
Deposits $0.17 billion
Capital $0.03 billion

American Community Bank is an FDIC insured institution located in Glen Cove, NY. It was founded in 2000 and has approximately $0.21 billion in assets. Customers can open an account at one of its 5 branches.

For a more detailed analysis of American Community Bank's financial condition and a description of what these numbers mean, please visit the Financial Details section.

Bank Loan Profile?

The top three loan types in American Community Bank’s loan portfolio are Commercial Real Estate, 1-4 Family Residential Loans, and Multifamily Mortgages.

Compared to other banks in New York, American Community Bank has a significantly higher percent of Commercial Real Estate on its balance sheet, potentially indicating a specialty in that lending area.

Note: Percentages may not sum to 100% due to rounding and double categorization of some loan types. All data from the FDIC. Additional information about this table.

%
Loans
%
Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 22.50
Multifamily
Mortgages
13.80
Credit Card Loans 0.00
Consumer Auto Loans 0.00
Small Business Loans 0.00
Construction and Development Loans 0.65
Commercial Real Estate 60.89
Commercial and Industrial Loans 2.73
Farm Loans 0.00

Deposit Rates - January 16, 2019

Your Current Location: Virginia, VA 20146

There are currently no rates available for American Community Bank, but see these great savings and CD rates:

Advertiser Disclosure

Loan Rates - January 16, 2019

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for American Community Bank

Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:

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J.G. Wentworth Home Lending, LLC
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Featured - Virginia Home Equity Line Of Credit Rates 2019

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Branches

American Community Bank branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.

Your Location:
Ashburn,Virginia


American Community Bank Locations

Financial Details

American Community Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of American Community Bank. The data is provided by the FDIC. All banks listed on BestCashCow.com are FDIC-insured. No depositor has ever lost deposits that have been within the FDIC insurance limits.

Texas Ratio
American Community Bank U.S. Bank Average
0.25% 7.34%

The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its the bank’s tangible common equity and its loan loss reserves. A lower Texas ratio indicates better coverage of problem loans. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a bank has to absorb its loan losses.

As of September 30, 2018, American Community Bank had $72,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $26,558,000 in equity and $1,980,000 in loans loss reserves. That gives it a Texas Ratio of 0.25%.

Return on Equity
American Community Bank U.S. Bank Average
6.66% 9.95%

American Community Bank has a Return on Equity of 6.66% versus the BestCashCow average of 9.95%. Return on equity measures how efficiently a bank is making money from its capital. A bank with a consistently high ROE can be considered well run. A bank with a consistently low ROE can be considered poorly run.

Capitalization
American Community Bank U.S. Bank Average
12.73% 12.19%

American Community Bank has a Capitalization of 12.73% versus the BestCashCow average of 12.19. Capitalization measures how much equity capital a bank has to underpin loans and other assets on its balance sheet. The higher the capitalization number the more secure a bank is considered.

American Community Bank Balance Sheet Analysis

As of September 30, 2018, American Community Bank had assets of $208,696,000, loans of $159,106,000, and deposits of $165,472,000. Long-term increases in deposits shows a bank's ability to raise funds to grow its loans and assets. Loan and asset growth may rise or fall depending on a bank's strategy for growth. Sharp rises and falls in assets, deposits, and loans can be problematic, indicating a loosening of lending standards, or financial distress leading to reduced lending. A big change in these figured can also be from a bank acquisition or merger.

Summary Balance Sheet

September 30, 2018
ASSETS
Cash & Balances due from depository institutions $0.01 billion
Interest-bearing balances $0.01 billion
Total securities $0.03 billion
Federal funds sold and reverse repurchase $0.00 billion
Net loans and leases $0.16 billion
Loan loss allowance $0.00 billion
Trading account assets $0.00 billion
Bank premises and fixed assets $0.00 billion
Other real estate owned $0.00 billion
Goodwill and other intangibles $0.00 billion
All other assets $0.01 billion
     Total Assets $0.18 billion
LIABILITIES
Total deposits $0.17 billion
      Interest-bearing deposits $0.11 billion
      Deposits held in domestic offices $0.17 billion
      % insured (estimated) 65.44%
Federal funds purchased and repurchase agreements $0.00 billion
Trading liabilities $0.00 billion
Other borrowed funds $0.01 billion
Subordinated debt $0.00 billion
All other liabilities $0.00 billion
      Total Liabilities $0.18 billion
      Shareholders’ Equity $0.03 billion

Summary Income Statement

September 30, 2018
INCOME AND EXPENSES
Total Interest Income $0.01 billion
Total Interest Expense $0.00 billion
Net interest income $0.01 billion
Provision for loan and lease losses $0.00 billion
Total non interest income $0.00 billion
Total non interest expense $0.00 billion
Pre-tax Net Operating Income $0.00 billion

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