$HNVR
Hanover Bancorp, Inc. /NY

2022 Q1 Form 10-Q Financial Statement

#000155837022009008 Filed on May 16, 2022

View on sec.gov

Income Statement

Concept 2022 Q1 2021 Q1
Revenue $15.94M $9.380M
YoY Change 69.95% -8.76%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $443.0K
YoY Change
% of Gross Profit
Operating Expenses
YoY Change
Operating Profit
YoY Change
Interest Expense $1.197M $1.578M
YoY Change -24.14% -58.08%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income $7.559M $2.569M
YoY Change 194.24% 692.9%
Income Tax $1.699M $514.0K
% Of Pretax Income 22.48% 20.01%
Net Earnings $5.860M $2.055M
YoY Change 185.16% 725.3%
Net Earnings / Revenue 36.76% 21.91%
Basic Earnings Per Share $1.02 $0.49
Diluted Earnings Per Share $1.00 $0.48
COMMON SHARES
Basic Shares Outstanding 5.754M 4.194M
Diluted Shares Outstanding 5.850M 4.259M

Balance Sheet

Concept 2022 Q1 2021 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $127.1M $77.53M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets
YoY Change
LONG-TERM ASSETS
Property, Plant & Equipment $14.83M $14.33M
YoY Change 3.52%
Goodwill $19.17M $1.710M
YoY Change 1020.94%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $6.854M
YoY Change
Total Long-Term Assets
YoY Change
TOTAL ASSETS
Total Short-Term Assets
Total Long-Term Assets
Total Assets $1.477B $890.4M
YoY Change 65.84%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $980.0K
YoY Change
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $75.82M $56.42M
YoY Change 34.4%
Long-Term Debt Due $24.54M
YoY Change
Total Short-Term Liabilities $25.52M
YoY Change
LONG-TERM LIABILITIES
Long-Term Debt $0.00
YoY Change
Other Long-Term Liabilities $10.33M
YoY Change
Total Long-Term Liabilities $10.33M
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities $25.52M
Total Long-Term Liabilities $10.33M
Total Liabilities $1.342B $808.2M
YoY Change 66.04%
SHAREHOLDERS EQUITY
Retained Earnings $36.78M $17.69M
YoY Change 107.87%
Common Stock $98.02M $64.33M
YoY Change 52.39%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $134.8M $82.25M
YoY Change
Total Liabilities & Shareholders Equity $1.477B $890.4M
YoY Change 65.84%

Cashflow Statement

Concept 2022 Q1 2021 Q1
OPERATING ACTIVITIES
Net Income $5.860M $2.055M
YoY Change 185.16% 725.3%
Depreciation, Depletion And Amortization $443.0K
YoY Change
Cash From Operating Activities $3.247M
YoY Change
INVESTING ACTIVITIES
Capital Expenditures -$360.0K
YoY Change
Acquisitions
YoY Change
Other Investing Activities -$6.492M
YoY Change
Cash From Investing Activities -$6.852M
YoY Change
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 15.79M
YoY Change
NET CHANGE
Cash From Operating Activities 3.247M
Cash From Investing Activities -6.852M
Cash From Financing Activities 15.79M
Net Change In Cash 12.19M
YoY Change
FREE CASH FLOW
Cash From Operating Activities $3.247M
Capital Expenditures -$360.0K
Free Cash Flow $3.607M
YoY Change

Facts In Submission

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OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax
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us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax
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us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Net Of Tax
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CY2022Q1 us-gaap Comprehensive Income Net Of Tax
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CY2021Q1 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
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us-gaap Comprehensive Income Net Of Tax
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CY2022Q1 us-gaap Stock Issued During Period Value Share Based Compensation
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CY2022Q1 us-gaap Stockholders Equity
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StockholdersEquity
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StockholdersEquity
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us-gaap Stock Issued During Period Value Share Based Compensation
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us-gaap Net Income Loss
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us-gaap Provision For Loan Lease And Other Losses
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us-gaap Debt Securities Available For Sale Gain Loss
DebtSecuritiesAvailableForSaleGainLoss
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us-gaap Debt Securities Available For Sale Gain Loss
DebtSecuritiesAvailableForSaleGainLoss
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AccretionAmortizationOfDiscountsAndPremiumsInvestments
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us-gaap Mortgage Servicing Rights Msr Impairment Recovery
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MortgageServicingRightsMSRImpairmentRecovery
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PaymentsToAcquireAvailableForSaleSecuritiesDebt
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PaymentsToAcquireAvailableForSaleSecuritiesDebt
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PaymentsToAcquireRestrictedInvestments
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CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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us-gaap Transfer Of Portfolio Loans And Leases To Held For Sale1
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0
CY2022Q1 us-gaap Held To Maturity Securities Debt Maturities After Five Through Ten Years Fair Value
HeldToMaturitySecuritiesDebtMaturitiesAfterFiveThroughTenYearsFairValue
0
CY2022Q1 us-gaap Debt Securities Held To Maturity Amortized Cost After Allowance For Credit Loss
DebtSecuritiesHeldToMaturityAmortizedCostAfterAllowanceForCreditLoss
4629000
CY2022Q1 us-gaap Held To Maturity Securities Fair Value
HeldToMaturitySecuritiesFairValue
4581000
CY2022Q1 hovb Debt Securities Available For Sale And Held To Maturity Amortized Cost
DebtSecuritiesAvailableForSaleAndHeldToMaturityAmortizedCost
9743000
CY2022Q1 us-gaap Debt Securities Available For Sale And Held To Maturity Fair Value
DebtSecuritiesAvailableForSaleAndHeldToMaturityFairValue
9651000
us-gaap Proceeds From Sale Of Available For Sale Securities Debt
ProceedsFromSaleOfAvailableForSaleSecuritiesDebt
2100000
CY2022Q1 us-gaap Proceeds From Sale Of Available For Sale Securities Debt
ProceedsFromSaleOfAvailableForSaleSecuritiesDebt
2100000
us-gaap Debt Securities Available For Sale Gain Loss
DebtSecuritiesAvailableForSaleGainLoss
105000
CY2022Q1 us-gaap Debt Securities Available For Sale Gain Loss
DebtSecuritiesAvailableForSaleGainLoss
105000
us-gaap Proceeds From Sale Of Available For Sale Securities Debt
ProceedsFromSaleOfAvailableForSaleSecuritiesDebt
3200000
CY2021Q1 us-gaap Proceeds From Sale Of Available For Sale Securities Debt
ProceedsFromSaleOfAvailableForSaleSecuritiesDebt
3200000
us-gaap Debt Securities Available For Sale Gain Loss
DebtSecuritiesAvailableForSaleGainLoss
240000
CY2021Q1 us-gaap Debt Securities Available For Sale Gain Loss
DebtSecuritiesAvailableForSaleGainLoss
240000
CY2022Q1 us-gaap Loans And Leases Receivable Gross Carrying Amount
LoansAndLeasesReceivableGrossCarryingAmount
1288059000
CY2021Q3 us-gaap Loans And Leases Receivable Gross Carrying Amount
LoansAndLeasesReceivableGrossCarryingAmount
1246605000
CY2022Q1 us-gaap Loans And Leases Receivable Deferred Income
LoansAndLeasesReceivableDeferredIncome
-982000
CY2021Q3 us-gaap Loans And Leases Receivable Deferred Income
LoansAndLeasesReceivableDeferredIncome
-520000
CY2022Q1 us-gaap Notes Receivable Gross
NotesReceivableGross
1289041000
CY2021Q3 us-gaap Notes Receivable Gross
NotesReceivableGross
1247125000
CY2022Q1 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
9886000
CY2021Q3 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
8552000
CY2022Q1 us-gaap Notes Receivable Net
NotesReceivableNet
1279155000
CY2021Q3 us-gaap Notes Receivable Net
NotesReceivableNet
1238573000
CY2022Q1 hovb Financing Receivable Loans Serviced For Others
FinancingReceivableLoansServicedForOthers
230100000
CY2021Q3 hovb Financing Receivable Loans Serviced For Others
FinancingReceivableLoansServicedForOthers
233200000
CY2022Q1 us-gaap Loans Receivable Held For Sale Net Not Part Of Disposal Group
LoansReceivableHeldForSaleNetNotPartOfDisposalGroup
0
CY2021Q3 us-gaap Loans Receivable Held For Sale Net Not Part Of Disposal Group
LoansReceivableHeldForSaleNetNotPartOfDisposalGroup
0
CY2022Q1 us-gaap Certain Loans Acquired In Transfer Not Accounted For As Debt Securities Carrying Amount Net
CertainLoansAcquiredInTransferNotAccountedForAsDebtSecuritiesCarryingAmountNet
1483000
CY2021Q3 us-gaap Certain Loans Acquired In Transfer Not Accounted For As Debt Securities Carrying Amount Net
CertainLoansAcquiredInTransferNotAccountedForAsDebtSecuritiesCarryingAmountNet
10241000
CY2021Q4 us-gaap Certain Loans Acquired In Transfer Not Accounted For As Debt Securities Accretable Yield
CertainLoansAcquiredInTransferNotAccountedForAsDebtSecuritiesAccretableYield
90000
CY2021Q3 us-gaap Certain Loans Acquired In Transfer Not Accounted For As Debt Securities Accretable Yield
CertainLoansAcquiredInTransferNotAccountedForAsDebtSecuritiesAccretableYield
346000
us-gaap Certain Loans Acquired In Transfer Not Accounted For As Debt Securities Accretable Yield Additions
CertainLoansAcquiredInTransferNotAccountedForAsDebtSecuritiesAccretableYieldAdditions
0
CY2022Q1 us-gaap Certain Loans Acquired In Transfer Not Accounted For As Debt Securities Accretable Yield Accretion
CertainLoansAcquiredInTransferNotAccountedForAsDebtSecuritiesAccretableYieldAccretion
746000
us-gaap Certain Loans Acquired In Transfer Not Accounted For As Debt Securities Accretable Yield Accretion
CertainLoansAcquiredInTransferNotAccountedForAsDebtSecuritiesAccretableYieldAccretion
1782000
CY2022Q1 us-gaap Certain Loans Acquired In Transfer Not Accounted For As Debt Securities Accretable Yield Reclassifications To From Nonaccretable Difference
CertainLoansAcquiredInTransferNotAccountedForAsDebtSecuritiesAccretableYieldReclassificationsToFromNonaccretableDifference
-745000
us-gaap Certain Loans Acquired In Transfer Not Accounted For As Debt Securities Accretable Yield Reclassifications To From Nonaccretable Difference
CertainLoansAcquiredInTransferNotAccountedForAsDebtSecuritiesAccretableYieldReclassificationsToFromNonaccretableDifference
-382000
CY2022Q1 hovb Certain Loans Acquired In Transfer Not Accounted For As Debt Securities Other Changes Net
CertainLoansAcquiredInTransferNotAccountedForAsDebtSecuritiesOtherChangesNet
1489000
hovb Certain Loans Acquired In Transfer Not Accounted For As Debt Securities Other Changes Net
CertainLoansAcquiredInTransferNotAccountedForAsDebtSecuritiesOtherChangesNet
1906000
CY2022Q1 us-gaap Certain Loans Acquired In Transfer Not Accounted For As Debt Securities Accretable Yield
CertainLoansAcquiredInTransferNotAccountedForAsDebtSecuritiesAccretableYield
88000
CY2022Q1 us-gaap Certain Loans Acquired In Transfer Not Accounted For As Debt Securities Accretable Yield
CertainLoansAcquiredInTransferNotAccountedForAsDebtSecuritiesAccretableYield
88000
CY2022Q1 hovb Proceeds From Sale Of Loans Receivable And Loans Held For Investment
ProceedsFromSaleOfLoansReceivableAndLoansHeldForInvestment
16200000
CY2021Q1 hovb Proceeds From Sale Of Loans Receivable And Loans Held For Investment
ProceedsFromSaleOfLoansReceivableAndLoansHeldForInvestment
9400000
CY2022Q1 us-gaap Gain Loss On Sales Of Loans Net
GainLossOnSalesOfLoansNet
1600000
CY2021Q1 us-gaap Gain Loss On Sales Of Loans Net
GainLossOnSalesOfLoansNet
295000
hovb Proceeds From Sale Of Loans Receivable And Loans Held For Investment
ProceedsFromSaleOfLoansReceivableAndLoansHeldForInvestment
51400000
hovb Proceeds From Sale Of Loans Receivable And Loans Held For Investment
ProceedsFromSaleOfLoansReceivableAndLoansHeldForInvestment
17800000
us-gaap Gain Loss On Sales Of Loans Net
GainLossOnSalesOfLoansNet
3100000
us-gaap Gain Loss On Sales Of Loans Net
GainLossOnSalesOfLoansNet
476000
CY2021Q4 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
9386000
CY2022Q1 us-gaap Provision For Loan Losses Expensed
ProvisionForLoanLossesExpensed
500000
CY2022Q1 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
9886000
CY2020Q4 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
7979000
CY2021Q1 us-gaap Provision For Loan Losses Expensed
ProvisionForLoanLossesExpensed
200000
CY2021Q1 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
8179000
CY2021Q3 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
8552000
us-gaap Financing Receivable Allowance For Credit Losses Write Offs
FinancingReceivableAllowanceForCreditLossesWriteOffs
66000
us-gaap Financing Receivable Allowance For Credit Losses Recovery
FinancingReceivableAllowanceForCreditLossesRecovery
0
us-gaap Provision For Loan Losses Expensed
ProvisionForLoanLossesExpensed
1400000
CY2022Q1 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
9886000
CY2020Q3 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
7869000
us-gaap Financing Receivable Allowance For Credit Losses Write Offs
FinancingReceivableAllowanceForCreditLossesWriteOffs
0
us-gaap Financing Receivable Allowance For Credit Losses Recovery
FinancingReceivableAllowanceForCreditLossesRecovery
10000
us-gaap Provision For Loan Losses Expensed
ProvisionForLoanLossesExpensed
300000
CY2021Q1 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
8179000
CY2022Q1 us-gaap Financing Receivable Allowance For Credit Losses Collectively Evaluated For Impairment
FinancingReceivableAllowanceForCreditLossesCollectivelyEvaluatedForImpairment
9886000
CY2022Q1 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
9886000
CY2022Q1 us-gaap Financing Receivable Individually Evaluated For Impairment
FinancingReceivableIndividuallyEvaluatedForImpairment
11806000
CY2022Q1 us-gaap Financing Receivable Collectively Evaluated For Impairment
FinancingReceivableCollectivelyEvaluatedForImpairment
1275752000
CY2022Q1 us-gaap Certain Loans Acquired In Transfer Not Accounted For As Debt Securities Outstanding Balance
CertainLoansAcquiredInTransferNotAccountedForAsDebtSecuritiesOutstandingBalance
1483000
CY2022Q1 us-gaap Notes Receivable Gross
NotesReceivableGross
1289041000
CY2021Q3 us-gaap Financing Receivable Allowance For Credit Losses Individually Evaluated For Impairment1
FinancingReceivableAllowanceForCreditLossesIndividuallyEvaluatedForImpairment1
0
CY2021Q3 us-gaap Financing Receivable Allowance For Credit Losses Collectively Evaluated For Impairment
FinancingReceivableAllowanceForCreditLossesCollectivelyEvaluatedForImpairment
8552000
CY2021Q3 us-gaap Certain Loans Acquired In Transfer Not Accounted For As Debt Securities Allowance For Loan Losses
CertainLoansAcquiredInTransferNotAccountedForAsDebtSecuritiesAllowanceForLoanLosses
0
CY2021Q3 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
8552000
CY2021Q3 us-gaap Financing Receivable Individually Evaluated For Impairment
FinancingReceivableIndividuallyEvaluatedForImpairment
8673000
CY2021Q3 us-gaap Financing Receivable Collectively Evaluated For Impairment
FinancingReceivableCollectivelyEvaluatedForImpairment
1228211000
CY2021Q3 us-gaap Certain Loans Acquired In Transfer Not Accounted For As Debt Securities Outstanding Balance
CertainLoansAcquiredInTransferNotAccountedForAsDebtSecuritiesOutstandingBalance
10241000
CY2021Q3 us-gaap Notes Receivable Gross
NotesReceivableGross
1247125000
CY2022Q1 us-gaap Impaired Financing Receivable With No Related Allowance Unpaid Principal Balance
ImpairedFinancingReceivableWithNoRelatedAllowanceUnpaidPrincipalBalance
11806000
CY2022Q1 us-gaap Impaired Financing Receivable With No Related Allowance Recorded Investment
ImpairedFinancingReceivableWithNoRelatedAllowanceRecordedInvestment
11811000
CY2021Q3 us-gaap Impaired Financing Receivable With No Related Allowance Unpaid Principal Balance
ImpairedFinancingReceivableWithNoRelatedAllowanceUnpaidPrincipalBalance
8821000
CY2021Q3 us-gaap Impaired Financing Receivable With No Related Allowance Recorded Investment
ImpairedFinancingReceivableWithNoRelatedAllowanceRecordedInvestment
8673000
CY2022Q1 us-gaap Impaired Financing Receivable Average Recorded Investment
ImpairedFinancingReceivableAverageRecordedInvestment
8300000
CY2022Q1 us-gaap Impaired Financing Receivable Interest Income Accrual Method
ImpairedFinancingReceivableInterestIncomeAccrualMethod
17000
CY2021Q1 us-gaap Impaired Financing Receivable Average Recorded Investment
ImpairedFinancingReceivableAverageRecordedInvestment
9879000
CY2021Q1 us-gaap Impaired Financing Receivable Interest Income Accrual Method
ImpairedFinancingReceivableInterestIncomeAccrualMethod
24000
us-gaap Impaired Financing Receivable Average Recorded Investment
ImpairedFinancingReceivableAverageRecordedInvestment
7282000
us-gaap Impaired Financing Receivable Interest Income Accrual Method
ImpairedFinancingReceivableInterestIncomeAccrualMethod
34000
us-gaap Impaired Financing Receivable Average Recorded Investment
ImpairedFinancingReceivableAverageRecordedInvestment
7804000
us-gaap Impaired Financing Receivable Interest Income Accrual Method
ImpairedFinancingReceivableInterestIncomeAccrualMethod
48000
CY2022Q1 us-gaap Financing Receivable Recorded Investment Nonaccrual Status
FinancingReceivableRecordedInvestmentNonaccrualStatus
10470000
CY2022Q1 hovb Financing Receivable Recorded Investment Past Due And Nonaccrual
FinancingReceivableRecordedInvestmentPastDueAndNonaccrual
13795000
CY2022Q1 us-gaap Certain Loans Acquired In Transfer Not Accounted For As Debt Securities Outstanding Balance
CertainLoansAcquiredInTransferNotAccountedForAsDebtSecuritiesOutstandingBalance
1483000
CY2022Q1 us-gaap Notes Receivable Gross
NotesReceivableGross
1289041000
CY2021Q3 us-gaap Financing Receivable Recorded Investment Nonaccrual Status
FinancingReceivableRecordedInvestmentNonaccrualStatus
7028000
CY2021Q3 hovb Financing Receivable Recorded Investment Past Due And Nonaccrual
FinancingReceivableRecordedInvestmentPastDueAndNonaccrual
15241000
CY2021Q3 us-gaap Certain Loans Acquired In Transfer Not Accounted For As Debt Securities Outstanding Balance
CertainLoansAcquiredInTransferNotAccountedForAsDebtSecuritiesOutstandingBalance
10241000
CY2021Q3 us-gaap Notes Receivable Gross
NotesReceivableGross
1247125000
CY2022Q1 us-gaap Financing Receivable Modifications Recorded Investment
FinancingReceivableModificationsRecordedInvestment
1300000
CY2021Q3 us-gaap Financing Receivable Modifications Recorded Investment
FinancingReceivableModificationsRecordedInvestment
1600000
CY2022Q1 hovb Financing Receivable Troubled Debt Restructuring Specific Reserves Allocated
FinancingReceivableTroubledDebtRestructuringSpecificReservesAllocated
0
CY2021Q3 hovb Financing Receivable Troubled Debt Restructuring Specific Reserves Allocated
FinancingReceivableTroubledDebtRestructuringSpecificReservesAllocated
0
CY2022Q1 us-gaap Loans And Leases Receivable Impaired Commitment To Lend
LoansAndLeasesReceivableImpairedCommitmentToLend
0
CY2021Q3 us-gaap Loans And Leases Receivable Impaired Commitment To Lend
LoansAndLeasesReceivableImpairedCommitmentToLend
0
us-gaap Financing Receivable Modifications Subsequent Default Number Of Contracts1
FinancingReceivableModificationsSubsequentDefaultNumberOfContracts1
0
CY2021Q1 us-gaap Financing Receivable Modifications Subsequent Default Number Of Contracts1
FinancingReceivableModificationsSubsequentDefaultNumberOfContracts1
0
us-gaap Financing Receivable Modifications Subsequent Default Number Of Contracts1
FinancingReceivableModificationsSubsequentDefaultNumberOfContracts1
0
CY2022Q1 us-gaap Financing Receivable Modifications Subsequent Default Number Of Contracts1
FinancingReceivableModificationsSubsequentDefaultNumberOfContracts1
0
CY2022Q1 hovb Minimum Capital Adequacy Requirement With Capital Conservation Buffer Common Equity Tier One Capital
MinimumCapitalAdequacyRequirementWithCapitalConservationBufferCommonEquityTierOneCapital
66375000
hovb Threshold Period For Payment Default
ThresholdPeriodForPaymentDefault
P90D
hovb Financing Receivable Troubled Debt Restructuring New Number Of Contracts
FinancingReceivableTroubledDebtRestructuringNewNumberOfContracts
0
CY2021Q1 hovb Financing Receivable Troubled Debt Restructuring New Number Of Contracts
FinancingReceivableTroubledDebtRestructuringNewNumberOfContracts
0
hovb Financing Receivable Troubled Debt Restructuring New Number Of Contracts
FinancingReceivableTroubledDebtRestructuringNewNumberOfContracts
0
CY2022Q1 hovb Financing Receivable Troubled Debt Restructuring New Number Of Contracts
FinancingReceivableTroubledDebtRestructuringNewNumberOfContracts
0
hovb Forbearance Period Of Monthly Payments
ForbearancePeriodOfMonthlyPayments
P180D
hovb Additional Forbearance Period Of Monthly Payments
AdditionalForbearancePeriodOfMonthlyPayments
P180D
CY2022Q1 us-gaap Loans And Leases Receivable Gross Carrying Amount
LoansAndLeasesReceivableGrossCarryingAmount
1288059000
CY2021Q3 us-gaap Loans And Leases Receivable Gross Carrying Amount
LoansAndLeasesReceivableGrossCarryingAmount
1246605000
CY2022Q1 us-gaap Capital
Capital
150305000
CY2022Q1 us-gaap Capital To Risk Weighted Assets
CapitalToRiskWeightedAssets
0.1585
CY2022Q1 us-gaap Capital Required For Capital Adequacy
CapitalRequiredForCapitalAdequacy
75857000
CY2022Q1 us-gaap Capital Required For Capital Adequacy To Risk Weighted Assets
CapitalRequiredForCapitalAdequacyToRiskWeightedAssets
0.0800
CY2022Q1 us-gaap Excess Capital
ExcessCapital
99562000
CY2022Q1 us-gaap Excess Capital To Risk Weighted Assets
ExcessCapitalToRiskWeightedAssets
0.1050
CY2022Q1 us-gaap Capital Required To Be Well Capitalized
CapitalRequiredToBeWellCapitalized
94821000
CY2022Q1 us-gaap Capital Required To Be Well Capitalized To Risk Weighted Assets
CapitalRequiredToBeWellCapitalizedToRiskWeightedAssets
0.1000
CY2022Q1 us-gaap Tier One Risk Based Capital
TierOneRiskBasedCapital
139959000
CY2022Q1 us-gaap Tier One Risk Based Capital To Risk Weighted Assets
TierOneRiskBasedCapitalToRiskWeightedAssets
0.1476
CY2022Q1 us-gaap Tier One Risk Based Capital Required For Capital Adequacy
TierOneRiskBasedCapitalRequiredForCapitalAdequacy
56893000
CY2022Q1 us-gaap Tier One Risk Based Capital Required For Capital Adequacy To Risk Weighted Assets
TierOneRiskBasedCapitalRequiredForCapitalAdequacyToRiskWeightedAssets
0.0600
CY2022Q1 us-gaap Excess Tier One Risk Based Capital
ExcessTierOneRiskBasedCapital
80598000
CY2022Q1 us-gaap Excess Tier One Risk Based Capital To Risk Weighted Assets
ExcessTierOneRiskBasedCapitalToRiskWeightedAssets
0.0850
CY2022Q1 us-gaap Tier One Risk Based Capital Required To Be Well Capitalized
TierOneRiskBasedCapitalRequiredToBeWellCapitalized
75857000
CY2022Q1 us-gaap Tier One Risk Based Capital Required To Be Well Capitalized To Risk Weighted Assets
TierOneRiskBasedCapitalRequiredToBeWellCapitalizedToRiskWeightedAssets
0.0800
CY2022Q1 us-gaap Common Equity Tier One Capital
CommonEquityTierOneCapital
139959000
CY2022Q1 us-gaap Common Equity Tier One Capital Ratio
CommonEquityTierOneCapitalRatio
0.1476
CY2022Q1 us-gaap Common Equity Tier One Capital Required For Capital Adequacy
CommonEquityTierOneCapitalRequiredForCapitalAdequacy
42670000
CY2022Q1 us-gaap Banking Regulation Common Equity Tier One Risk Based Capital Ratio Capital Adequacy Minimum
BankingRegulationCommonEquityTierOneRiskBasedCapitalRatioCapitalAdequacyMinimum
0.0450
CY2022Q1 hovb Minimum Capital Adequacy Requirement With Capital Conservation Buffer Common Equity Tier One Risk Based Capital Ratio
MinimumCapitalAdequacyRequirementWithCapitalConservationBufferCommonEquityTierOneRiskBasedCapitalRatio
0.0700
CY2022Q1 us-gaap Common Equity Tier One Capital Required To Be Well Capitalized
CommonEquityTierOneCapitalRequiredToBeWellCapitalized
61634000
CY2022Q1 us-gaap Banking Regulation Common Equity Tier One Risk Based Capital Ratio Well Capitalized Minimum
BankingRegulationCommonEquityTierOneRiskBasedCapitalRatioWellCapitalizedMinimum
0.0650
CY2022Q1 us-gaap Tier One Leverage Capital
TierOneLeverageCapital
139959000
CY2022Q1 us-gaap Tier One Leverage Capital To Average Assets
TierOneLeverageCapitalToAverageAssets
0.1006
CY2022Q1 us-gaap Tier One Leverage Capital Required For Capital Adequacy
TierOneLeverageCapitalRequiredForCapitalAdequacy
55657000
CY2022Q1 us-gaap Tier One Leverage Capital Required For Capital Adequacy To Average Assets
TierOneLeverageCapitalRequiredForCapitalAdequacyToAverageAssets
0.0400
CY2022Q1 us-gaap Tier One Leverage Capital Required To Be Well Capitalized
TierOneLeverageCapitalRequiredToBeWellCapitalized
69572000
CY2022Q1 us-gaap Tier One Leverage Capital Required To Be Well Capitalized To Average Assets
TierOneLeverageCapitalRequiredToBeWellCapitalizedToAverageAssets
0.0500
CY2021Q3 us-gaap Capital
Capital
132554000
CY2021Q3 us-gaap Capital To Risk Weighted Assets
CapitalToRiskWeightedAssets
0.1559
CY2021Q3 us-gaap Capital Required For Capital Adequacy
CapitalRequiredForCapitalAdequacy
68040000
CY2021Q3 us-gaap Capital Required For Capital Adequacy To Risk Weighted Assets
CapitalRequiredForCapitalAdequacyToRiskWeightedAssets
0.0800
CY2021Q3 us-gaap Excess Capital
ExcessCapital
89303000
CY2021Q3 us-gaap Excess Capital To Risk Weighted Assets
ExcessCapitalToRiskWeightedAssets
0.1050
CY2021Q3 us-gaap Capital Required To Be Well Capitalized
CapitalRequiredToBeWellCapitalized
85050000
CY2021Q3 us-gaap Capital Required To Be Well Capitalized To Risk Weighted Assets
CapitalRequiredToBeWellCapitalizedToRiskWeightedAssets
0.1000
CY2021Q3 us-gaap Tier One Risk Based Capital
TierOneRiskBasedCapital
123666000
CY2021Q3 us-gaap Tier One Risk Based Capital To Risk Weighted Assets
TierOneRiskBasedCapitalToRiskWeightedAssets
0.1454
CY2021Q3 us-gaap Tier One Risk Based Capital Required For Capital Adequacy
TierOneRiskBasedCapitalRequiredForCapitalAdequacy
51030000
CY2021Q3 us-gaap Tier One Risk Based Capital Required For Capital Adequacy To Risk Weighted Assets
TierOneRiskBasedCapitalRequiredForCapitalAdequacyToRiskWeightedAssets
0.0600
CY2021Q3 us-gaap Excess Tier One Risk Based Capital
ExcessTierOneRiskBasedCapital
72293000
CY2021Q3 us-gaap Excess Tier One Risk Based Capital To Risk Weighted Assets
ExcessTierOneRiskBasedCapitalToRiskWeightedAssets
0.0850
CY2021Q3 us-gaap Tier One Risk Based Capital Required To Be Well Capitalized
TierOneRiskBasedCapitalRequiredToBeWellCapitalized
68040000
CY2021Q3 us-gaap Tier One Risk Based Capital Required To Be Well Capitalized To Risk Weighted Assets
TierOneRiskBasedCapitalRequiredToBeWellCapitalizedToRiskWeightedAssets
0.0800
CY2021Q3 us-gaap Common Equity Tier One Capital
CommonEquityTierOneCapital
123666000
CY2021Q3 us-gaap Common Equity Tier One Capital Ratio
CommonEquityTierOneCapitalRatio
0.1454
CY2021Q3 us-gaap Common Equity Tier One Capital Required For Capital Adequacy
CommonEquityTierOneCapitalRequiredForCapitalAdequacy
38273000
CY2021Q3 us-gaap Banking Regulation Common Equity Tier One Risk Based Capital Ratio Capital Adequacy Minimum
BankingRegulationCommonEquityTierOneRiskBasedCapitalRatioCapitalAdequacyMinimum
0.0450
CY2021Q3 hovb Minimum Capital Adequacy Requirement With Capital Conservation Buffer Common Equity Tier One Capital
MinimumCapitalAdequacyRequirementWithCapitalConservationBufferCommonEquityTierOneCapital
59535000
CY2021Q3 hovb Minimum Capital Adequacy Requirement With Capital Conservation Buffer Common Equity Tier One Risk Based Capital Ratio
MinimumCapitalAdequacyRequirementWithCapitalConservationBufferCommonEquityTierOneRiskBasedCapitalRatio
0.0700
CY2021Q3 us-gaap Common Equity Tier One Capital Required To Be Well Capitalized
CommonEquityTierOneCapitalRequiredToBeWellCapitalized
55283000
CY2021Q3 us-gaap Banking Regulation Common Equity Tier One Risk Based Capital Ratio Well Capitalized Minimum
BankingRegulationCommonEquityTierOneRiskBasedCapitalRatioWellCapitalizedMinimum
0.0650
CY2021Q3 us-gaap Tier One Leverage Capital
TierOneLeverageCapital
123666000
CY2021Q3 us-gaap Tier One Leverage Capital To Average Assets
TierOneLeverageCapitalToAverageAssets
0.0945
CY2021Q3 us-gaap Tier One Leverage Capital Required For Capital Adequacy
TierOneLeverageCapitalRequiredForCapitalAdequacy
52338000
CY2021Q3 us-gaap Tier One Leverage Capital Required For Capital Adequacy To Average Assets
TierOneLeverageCapitalRequiredForCapitalAdequacyToAverageAssets
0.0400
CY2021Q3 us-gaap Tier One Leverage Capital Required To Be Well Capitalized
TierOneLeverageCapitalRequiredToBeWellCapitalized
65423000
CY2021Q3 us-gaap Tier One Leverage Capital Required To Be Well Capitalized To Average Assets
TierOneLeverageCapitalRequiredToBeWellCapitalizedToAverageAssets
0.0500
us-gaap Banking Regulation Maximum Payout Amount
BankingRegulationMaximumPayoutAmount
41300000
us-gaap Loss Contingency Disclosures
LossContingencyDisclosures
<p style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-weight:bold;margin:0pt 0pt 12pt 0pt;">9. LOSS CONTINGENCIES</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;">Loss contingencies, including claims and legal actions arising in the ordinary course of business, are recorded as liabilities when the likelihood of a loss is probable and an amount or range of loss can be reasonably estimated. The Company’s management does not believe there now are such matters that will have a material effect on the financial statements.</p>
CY2022Q1 us-gaap Advances From Federal Home Loan Banks
AdvancesFromFederalHomeLoanBanks
37900000
CY2021Q3 us-gaap Advances From Federal Home Loan Banks
AdvancesFromFederalHomeLoanBanks
42000000.0
CY2022Q1 us-gaap Federal Home Loan Bank Advances General Debt Obligations Disclosures Amount Of Available Unused Funds
FederalHomeLoanBankAdvancesGeneralDebtObligationsDisclosuresAmountOfAvailableUnusedFunds
165900000
CY2022Q1 us-gaap Federal Home Loan Bank Advances Maturities Summary Due Within One Year Of Balance Sheet Date
FederalHomeLoanBankAdvancesMaturitiesSummaryDueWithinOneYearOfBalanceSheetDate
11950000
CY2022Q1 us-gaap Federal Home Loan Bank Advances Maturities Summary Average Interest Rate Of Amounts Due Within One Year Of Balance Sheet Date
FederalHomeLoanBankAdvancesMaturitiesSummaryAverageInterestRateOfAmountsDueWithinOneYearOfBalanceSheetDate
0.0223
CY2022Q1 us-gaap Federal Home Loan Bank Advances Maturities Summary Due From One To Two Years Of Balance Sheet Date
FederalHomeLoanBankAdvancesMaturitiesSummaryDueFromOneToTwoYearsOfBalanceSheetDate
18860000
CY2022Q1 us-gaap Federal Home Loan Bank Advances Maturities Summary Average Interest Rate One To Two Years From Balance Sheet Date
FederalHomeLoanBankAdvancesMaturitiesSummaryAverageInterestRateOneToTwoYearsFromBalanceSheetDate
0.0098
CY2022Q1 us-gaap Federal Home Loan Bank Advances Maturities Summary Due From Two To Three Years Of Balance Sheet Date
FederalHomeLoanBankAdvancesMaturitiesSummaryDueFromTwoToThreeYearsOfBalanceSheetDate
7080000
CY2022Q1 us-gaap Federal Home Loan Bank Advances Maturities Summary Average Interest Rate Two To Three Years From Balance Sheet Date
FederalHomeLoanBankAdvancesMaturitiesSummaryAverageInterestRateTwoToThreeYearsFromBalanceSheetDate
0.0058
CY2022Q1 us-gaap Advances From Federal Home Loan Banks
AdvancesFromFederalHomeLoanBanks
37890000
CY2022Q1 us-gaap Federal Home Loan Bank Advances Weighted Average Interest Rate
FederalHomeLoanBankAdvancesWeightedAverageInterestRate
0.0130
CY2021Q3 us-gaap Federal Home Loan Bank Advances Maturities Summary Due Within One Year Of Balance Sheet Date
FederalHomeLoanBankAdvancesMaturitiesSummaryDueWithinOneYearOfBalanceSheetDate
4000000
CY2021Q3 us-gaap Federal Home Loan Bank Advances Maturities Summary Average Interest Rate Of Amounts Due Within One Year Of Balance Sheet Date
FederalHomeLoanBankAdvancesMaturitiesSummaryAverageInterestRateOfAmountsDueWithinOneYearOfBalanceSheetDate
0.0202
CY2021Q3 us-gaap Federal Home Loan Bank Advances Maturities Summary Due From One To Two Years Of Balance Sheet Date
FederalHomeLoanBankAdvancesMaturitiesSummaryDueFromOneToTwoYearsOfBalanceSheetDate
12040000
CY2021Q3 us-gaap Federal Home Loan Bank Advances Maturities Summary Average Interest Rate One To Two Years From Balance Sheet Date
FederalHomeLoanBankAdvancesMaturitiesSummaryAverageInterestRateOneToTwoYearsFromBalanceSheetDate
0.0223
CY2021Q3 us-gaap Federal Home Loan Bank Advances Maturities Summary Due From Two To Three Years Of Balance Sheet Date
FederalHomeLoanBankAdvancesMaturitiesSummaryDueFromTwoToThreeYearsOfBalanceSheetDate
18860000
CY2021Q3 us-gaap Federal Home Loan Bank Advances Maturities Summary Average Interest Rate Two To Three Years From Balance Sheet Date
FederalHomeLoanBankAdvancesMaturitiesSummaryAverageInterestRateTwoToThreeYearsFromBalanceSheetDate
0.0098
CY2021Q3 us-gaap Federal Home Loan Bank Advances Maturities Summary Due From Three To Four Years Of Balance Sheet Date
FederalHomeLoanBankAdvancesMaturitiesSummaryDueFromThreeToFourYearsOfBalanceSheetDate
7080000
CY2021Q3 us-gaap Federal Home Loan Bank Advances Maturities Summary Average Interest Rate Three To Four Years From Balance Sheet Date
FederalHomeLoanBankAdvancesMaturitiesSummaryAverageInterestRateThreeToFourYearsFromBalanceSheetDate
0.0058
CY2021Q3 us-gaap Advances From Federal Home Loan Banks
AdvancesFromFederalHomeLoanBanks
41980000
CY2021Q3 us-gaap Federal Home Loan Bank Advances Weighted Average Interest Rate
FederalHomeLoanBankAdvancesWeightedAverageInterestRate
0.0137

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