Hanover Bancorp Balance Sheet

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2023	FY 2022
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Sep '23 Sep 30, 2023	Sep '22 Sep 30, 2022
Cash & Equivalents	208.9	162.86	177.21	192.62	149.95
Investment Securities	99.55	71.61	61.22	10.75	12.04
Trading Asset Securities	-	-	-	0.45	-
Mortgage-Backed Securities	1.02	15.91	4.24	4.25	4.66
Total Investments	100.57	87.51	65.46	15.44	16.7
Gross Loans	2,001	1,986	1,957	1,875	1,624
Allowance for Loan Losses	-18.69	-22.78	-19.66	-14.69	-12.84
Net Loans	1,982	1,963	1,938	1,860	1,611
Property, Plant & Equipment	24.17	23.67	25.64	26.25	14.46
Goodwill	19.17	19.17	19.17	19.17	19.17
Other Intangible Assets	-	0.25	0.31	0.33	0.4
Loans Held for Sale	6.41	12.4	8.9	-	-
Accrued Interest Receivable	-	11.85	11.92	10.64	8.55
Long-Term Deferred Tax Assets	-	1.57	2.46	1.51	2.51
Other Long-Term Assets	41.83	22.2	12.84	13.16	11.36
Total Assets	2,383	2,312	2,270	2,150	1,840
Interest Bearing Deposits	1,781	1,743	1,697	1,549	1,221
Institutional Deposits	-	-	-	-	87.9
Non-Interest Bearing Deposits	247.79	211.66	207.78	185.73	219.23
Total Deposits	2,028	1,954	1,905	1,735	1,528
Short-Term Borrowings	-	0.93	2.36	49	55
Current Portion of Long-Term Debt	-	7.08	18.86	18.86	11.86
Accrued Interest Payable	-	1.53	1.72	1.82	0.92
Long-Term Debt	125.47	24.69	26.92	28.81	33.52
Federal Home Loan Bank Debt, Long-Term	-	100.73	107.81	107.81	25.94
Long-Term Leases	10.57	9.03	10.46	10.9	-
Other Long-Term Liabilities	18.41	17.21	12.5	11.37	12.13
Total Liabilities	2,183	2,115	2,085	1,964	1,667
Preferred Stock, Non-Redeemable	-	5.04	2.96	2.96	-
Total Preferred Equity	-	5.04	2.96	2.96	-
Common Stock	200.27	0.07	0.07	0.07	0.07
Retained Earnings	-	67.92	58.55	58.69	46.48
Comprehensive Income & Other	-	123.6	123.24	124.18	126.04
Total Common Equity	200.27	191.6	181.87	182.94	172.58
Shareholders' Equity	200.27	196.64	184.83	185.91	172.58
Total Liabilities & Equity	2,383	2,312	2,270	2,150	1,840
Total Debt	136.04	142.45	166.41	215.37	126.32
Net Cash (Debt)	72.87	20.41	10.8	-22.3	23.63
Net Cash Growth	257.01%	89.01%	-	-	-
Net Cash Per Share	9.75	2.84	1.51	-3.13	3.84
Filing Date Shares Outstanding	7.41	7.2	7.23	7.33	7.15
Total Common Shares Outstanding	7.41	7.15	7.2	7.17	7.29
Book Value Per Share	27.02	26.79	25.28	25.51	23.69
Tangible Book Value	181.1	172.18	162.39	163.45	153.02
Tangible Book Value Per Share	24.44	24.07	22.57	22.79	21.00

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Banks template. Financial Sources.

SEC Filings: 10-K · 10-Q