American Community Bank

300 Glen Street
Glen Cove, NY 11542

Overview

General Bank Information

FDIC Insured Yes
FDIC Certificate # 35033
Date Established 2000
Assets $0.19 billion
Loans $0.14 billion
Deposits $0.16 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 $0.19 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, Small Business Loans, and Multifamily Mortgages.

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.

%
Loans
%
Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 10.23
Multifamily
Mortgages
11.55
Credit Card Loans 0.00
Consumer Auto Loans 0.00
Small Business Loans 38.31
Construction and Development Loans 4.27
Commercial Real Estate 71.22
Commercial and Industrial Loans 4.35
Farm Loans 0.00

Savings Rates

Your Current Location: Virginia, VA 20146

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


Loan Rates

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:

Featured - Virginia 30 Year Fixed Mortgage Rates 2017

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
Cornerstone Home Lending
NMLS ID: 119622
License#: MC-4673
4.000% 4.000% 0.00 $0 $1,194 Learn More
PenFed Credit Union
NMLS ID: 401822
3.957% 3.875% 0.00 $2,500 $1,176 Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2017

Lender Rate (%) Monthly Payment Learn More
Third Federal Savings & Loan Assoc. of Cleveland 3.240% $217.33 Learn More

Note to American Community Bank
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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
6.39% 8.45

The Texas Ratio compares the amount of loans at risk and the amount of owned real estate with the amount a bank has on hand to cover any losses. As of June 30, 2017, American Community Bank had $1,788,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $25,699,000 in equity and $2,263,000 in loans loss reserves. That gives it a Texas Ratio of 6.39%. The closer the Texas Ratio is to 100% and over, the less capital and reserves a bank has to absorb its loan losses.

Return on Equity
American Community Bank U.S. Bank Average
4.61% 8.58

American Community Bank has a Return on Equity of 4.61% versus the BestCashCow average of 8.58. 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
13.6% 12.11

American Community Bank has a Capitalization of 13.6% versus the BestCashCow average of 12.11. 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, 2017, American Community Bank had assets of $188,935,000, loans of $137,648,000, and deposits of $159,585,000. 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.

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?

Yes

Where are American Community Bank locations?

See branch locations nearby.

Is American Community Bank open on Saturdays?

Is American Community Bank open on Sundays?

What time does American Community Bank open?

What time does American Community Bank close?

Are American Community Bank ATMs Open 24/7?

Do American Community Bank ATMs accept cash deposits?

Can American Community Bank customers use other ATMs?

Do American Community Bank branches have notaries?

Will American Community Bank notarize my document?

What address for American Community Bank should I put for incoming ACH transfers?

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?

Products

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?

Will American Community Bank redeem a savings bond?

Does American Community Bank cash savings bonds?

Will American Community Bank cash money orders?

Can American Community Bank issue a money order?

Does American Community Bank do currency exchange?

Background on The Bank

Who owns American Community Bank?

How long has American Community Bank been around?

Can American Community Bank transfer to other banks?

Does American Community Bank have quick pay?

Does American Community Bank accept rolled coins?

Will American Community Bank accept loose change?

Where is American Community Bank headquarters?

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