American Community Bank


300 Glen Street
Glen Cove, NY 11542
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Notable Rates APY Vs.Others
Savings N.A. 0.85% →
1-Year CD N.A. 0.75% →
2-Year CD N.A. 0.80% →
5-Year CD N.A. 1.25% →
30-Year Mortgage N.A. 2.72% →
15-Year Mortgage N.A. 2.36% →
HELOC N.A. 2.79% →

2021 Overview

General Bank Information

American Community Bank is an FDIC insured institution located in Glen Cove, NY. It was founded in 2000 and has approximately $0.24 billion in assets. Customers can open an account at one of its 5 branches.

FDIC Insured Yes
FDIC Certificate # 35033
Date Established 2000
Assets $ 243.48 million
Loans $ 186.93 million
Deposits $ 207.07 million
Capital $ 30.77 million

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.

Deposit Rates - October 22, 2021

Your Current Location: Connecticut, CT 06828


Loan Rates - October 22, 2021

Your Current Location: Connecticut, CT 06828

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:

Featured - Connecticut 30 Year Fixed Mortgage Rates 2021

Lender APR Rate (%) Monthly
Learn More
First Internet Bank
NMLS ID: 424182
2.946% 2.875%
0.88 points
$2,280 fees
$1,038 Learn More

Featured - Connecticut Home Equity Line Of Credit Rates 2021

Lender APR (%)? Monthly Payment? Learn More
Bethpage Federal Credit Union
Bethpage Federal Credit Union
See Table
Intro APR 2.990 %
After Intro: 3.750 %
Intro Period: 12 months
$25,000 Learn More
More Info
Third Federal Savings and Loan
Third Federal Savings and Loan
See Table
2.240 %
$0 Learn More
More Info

Note to American Community Bank
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Climate Initiatives

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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 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% 4.78%

The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its 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 June 30, 2021, American Community Bank had $0 in non-current loans and $0 in owned real estate. To cover these potential losses it had $30,770,000 in equity and $2,324,000 in loans loss reserves. That gives it a Texas Ratio of 0%.

Return on Equity
American Community Bank U.S. Bank Average
11.26% 11.29%

American Community Bank has a Return on Equity of 11.26% versus the BestCashCow average of 11.29%. 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.

American Community Bank U.S. Bank Average
12.64% 11.72%

American Community Bank has a Capitalization of 12.64% versus the BestCashCow average of 11.72. 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 June 30, 2021, American Community Bank had assets of $243,484,000, loans of $186,927,000, and deposits of $207,074,000. 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

June 30, 2021
Cash & Balances due from depository institutions $ 33.04 million
Interest-bearing balances $ 25.05 million
Total securities $ 14.80 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 186.93 million
Loan loss allowance $ 2.32 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned N.A.
Goodwill and other intangibles N.A.
All other assets $ 8.07 million
     Total Assets $ 212.71 million
Total deposits $ 207.07 million
      Interest-bearing deposits $ 122.86 million
      Deposits held in domestic offices $ 207.07 million
      % insured (estimated) 68.19%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds $ 2.67 million
Subordinated debt N.A.
All other liabilities $ 2.97 million
      Total Liabilities $ 212.71 million
      Shareholders’ Equity $ 30.77 million

Summary Income Statement

June 30, 2021
Total Interest Income $ 4.93 million
Total Interest Expense $ 0.29 million
Net interest income $ 4.64 million
Provision for loan and lease losses N.A.
Total non interest income $ 0.81 million
Total non interest expense $ 3.45 million
Pre-tax Net Operating Income $ 2.01 million

Bank Loan Profile?

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

Compared to other banks in New York, American Community Bank has a significantly higher percent of Small Business Loans, 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.

Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 20.97
Credit Card Loans 0.00
Consumer Auto Loans 0.00
Small Business Loans 25.84
Construction and Development Loans 0.49
Commercial Real Estate 53.80
Commercial and Industrial Loans 13.82
Farm Loans 0.00

Frequently Asked Questions About American Community Bank

Branches and Savings

Is American Community Bank FDIC insured?

Yes. It is covered under FDIC Certificate #35033.

Why does American Community Bank pay such low interest on savings accounts?

See the best online savings rates here. See the best local savings rates here.

Why are American Community Bank CD rates not competitive?

See the best online CD rates here. See the best local CD rates here.

Is American Community Bank a commercial bank?


Where are American Community Bank locations?

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Is American Community Bank open on Saturdays?

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Are American Community Bank ATMs Open 24/7?

Do American Community Bank ATMs accept cash deposits?

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Will the American Community Bank branch print checks?

Do American Community Bank checks expire?

Does American Community Bank require US citizenship to open account?

Can American Community Bank close my account?

Does American Community Bank Report to credit bureaus?

Does American Community Bank Use Equifax?

What is American Community Bank's ACH Routing Number?

What is American Community Bank's SWIFT code?


Does American Community Bank offer mortgages?

Compare mortgage rates here.

Does American Community Bank offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does American Community Bank offer personal loans?

Compare personal loan rates here.

Does American Community Bank offer student loans?

Will American Community Bank cash a check?

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Does American Community Bank cash savings bonds?

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Background on The Bank

Who owns American Community Bank?

How long has American Community Bank been around?

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Does American Community Bank have quick pay?

Does American Community Bank accept rolled coins?

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