Vitals
  • Total Assets
    138.5M 26.1 %
  • Total Deposits
    98.4M 3.0 %
  • Total Net Loans
    118.4M 29.8 %
  • Net Income
    217000.0000 41.8 %
  • Book Value
    10.5M 7.3 %
  • Book Value x2
    20.9M 7.3 %
  • Book Value x3
    31.4M 7.3 %
ROAA

.652

ROAE

8.339

Efficiency Ratio

72.168

Net Interest Margin

3.811

Balance Sheet Highlights
Financial Highlights Hanover Bank All Insured Commercial Banks in Virginia
Balance Sheet $(000)
Total Assets 138,509 323,702
Total Net Loans 118,408 231,390
Total Deposits 98,404 262,309
Total Equity 10,472 31,716
Profitability
Net Income 217 4,558
Return on Average Assets .652 1.118
Return on Average Equity 8.339 11.517
Net Interest Margin 3.811 4.196
Efficiency Ratio 72.168 66.465
Noninterest Income/Revenue 4.964 13.23
Balance Sheet Ratios
Loan-to-Deposit 120.328 84.785
Securities/Assets .084 .678
Total Equity/Total Assets .076 .098
Tangible Equity/Tangible Assets .076 -.267
Capital Adequacy
Tier 1 Common Capital — —
Tier 1 Capital 10,819 29,779
Tier 2 Capital 1,197 2,748
Total Capital 12,016 32,832
Total Risk Weighted Assets 119,082 243,429
Leverage Ratio 8.12 10.082
Common Equity Tier 1 Capital Ratio — —
Tier 1 Capital Ratio 9.09 13.555
Total Capital Ratio 10.09 14.752

Timeline for Hanover Bank

Evb

Hanover Bank was acquired by Evb 18 years

View Profile Apr 22 2006

Evb Financial Services, Inc.

Evb Financial Services, Inc. became a new subsidiary organization for Hanover Bank.

View Profile Jul 01 2002

Evb Investments, Inc

Evb Investments, Inc became a new subsidiary organization for Hanover Bank.

View Profile Jul 01 2001

Hanover Bank

Hanover Bank was established 24 years ago and is currently headquartered in Mechanicsville, VA.

May 22 2000

Eastern Virginia Bankshares, Inc.

Eastern Virginia Bankshares, Inc. became a new parent organization for Hanover Bank.

View Profile May 22 2000
Acquisitions & Mergers Role Assets Acct Method Type Transaction Date
Evb Buyer 1,315,213 Pooling of Interests Discontinued 4/22/2006
Relationships Role Relationship Start Relationship End
Eastern Virginia Bankshares, Inc. Parent 5/22/2000 4/21/2006
Evb Financial Services, Inc. Subsidary 7/1/2002 4/21/2006
Evb Investments, Inc Subsidary 7/1/2001 6/30/2002
Similar Organizations
Organization City State Total Assets
Peoples Bank
 		Sheridan AR 136.4M
High Plains Bank
 		Flagler CO 141.1M
1St Bank & Trust
 		Broken Bow OK 135.6M
The First State Bank & Trust Co. Of Larned
 		Larned KS 141.5M
Friendly Hills Bank
 		Whittier CA 142.6M
First State Bank Of Porter
 		Porter IN 144.1M
The Bank Of Brodhead
 		Brodhead WI 141.8M
First Iowa State Bank
 		Keosauqua IA 142.7M
Bank Of Easton
 		North Easton MA 133.1M
The Bank Of Charlotte County
 		Phenix VA 131.5M