$HNVR
Hanover Bancorp, Inc. /NY

2021 Q4 Form 10-Q Financial Statement

#000156761922002679 Filed on February 07, 2022

View on sec.gov

Income Statement

Concept 2021 Q4 2020 Q4
Revenue $16.62M $9.497M
YoY Change 74.96%
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 $128.0K
YoY Change
% of Gross Profit
Operating Expenses
YoY Change
Operating Profit
YoY Change
Interest Expense $1.347M $2.170M
YoY Change -37.93%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income $8.480M $1.923M
YoY Change 340.98%
Income Tax $1.943M $404.0K
% Of Pretax Income 22.91% 21.01%
Net Earnings $6.537M $1.519M
YoY Change 330.35%
Net Earnings / Revenue 39.34% 15.99%
Basic Earnings Per Share $1.18 $0.36
Diluted Earnings Per Share $1.16 $0.36
COMMON SHARES
Basic Shares Outstanding 5.563M 4.181M
Diluted Shares Outstanding 5.658M 4.246M

Balance Sheet

Concept 2021 Q4 2020 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $115.0M
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 $14.90M
YoY Change
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $7.258M
YoY Change
Total Long-Term Assets
YoY Change
TOTAL ASSETS
Total Short-Term Assets
Total Long-Term Assets
Total Assets $1.458B
YoY Change
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $879.0K
YoY Change
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt
YoY Change
Long-Term Debt Due $24.50M
YoY Change
Total Short-Term Liabilities $25.38M
YoY Change
LONG-TERM LIABILITIES
Long-Term Debt $0.00
YoY Change
Other Long-Term Liabilities $13.39M
YoY Change
Total Long-Term Liabilities $13.39M
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities $25.38M
Total Long-Term Liabilities $13.39M
Total Liabilities $1.329B
YoY Change
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $129.4M $80.02M
YoY Change
Total Liabilities & Shareholders Equity $1.458B
YoY Change

Cashflow Statement

Concept 2021 Q4 2020 Q4
OPERATING ACTIVITIES
Net Income $6.537M $1.519M
YoY Change 330.35%
Depreciation, Depletion And Amortization $128.0K
YoY Change
Cash From Operating Activities $5.270M
YoY Change
INVESTING ACTIVITIES
Capital Expenditures -$83.00K
YoY Change
Acquisitions
YoY Change
Other Investing Activities -$16.80M
YoY Change
Cash From Investing Activities -$16.89M
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 -44.45M
YoY Change
NET CHANGE
Cash From Operating Activities 5.270M
Cash From Investing Activities -16.89M
Cash From Financing Activities -44.45M
Net Change In Cash -56.07M
YoY Change
FREE CASH FLOW
Cash From Operating Activities $5.270M
Capital Expenditures -$83.00K
Free Cash Flow $5.353M
YoY Change

Facts In Submission

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CY2020Q4 hovb Financing Receivable Troubled Debt Restructuring New Number Of Contracts
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TierOneLeverageCapital
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CY2021Q4 us-gaap Tier One Leverage Capital Required To Be Well Capitalized
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CY2021Q3 us-gaap Capital
Capital
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CapitalToRiskWeightedAssets
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CapitalRequiredForCapitalAdequacyToRiskWeightedAssets
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55283000
CY2021Q3 us-gaap Banking Regulation Common Equity Tier One Risk Based Capital Ratio Well Capitalized Minimum
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CY2021Q3 us-gaap Tier One Leverage Capital
TierOneLeverageCapital
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TierOneLeverageCapitalToAverageAssets
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CY2021Q3 us-gaap Tier One Leverage Capital Required For Capital Adequacy
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TierOneLeverageCapitalRequiredForCapitalAdequacyToAverageAssets
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CY2021Q3 us-gaap Tier One Leverage Capital Required To Be Well Capitalized
TierOneLeverageCapitalRequiredToBeWellCapitalized
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CY2021Q3 us-gaap Tier One Leverage Capital Required To Be Well Capitalized To Average Assets
TierOneLeverageCapitalRequiredToBeWellCapitalizedToAverageAssets
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CY2021Q4 us-gaap Loss Contingency Disclosures
LossContingencyDisclosures
<div><span style="color: rgb(0, 0, 0); font-family: 'Times New Roman'; font-size: 10pt; font-style: normal; font-variant: normal; text-transform: none;"> </span> </div> <div><span style="font-weight: bold; background-color: rgb(255, 255, 255); color: rgb(0, 0, 0); font-family: 'Times New Roman'; font-size: 10pt; font-style: normal; font-variant: normal; text-transform: none;">9. LOSS CONTINGENCIES</span></div> <div><br/> </div> <div style="text-align: justify; color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif; font-size: 8pt;"><span style="font-size: 10pt; font-family: 'Times New Roman',Times,serif;">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.</span><span style="font-size: 8pt; font-family: 'Times New Roman',Times,serif;"> </span></div>
CY2021Q4 us-gaap Advances From Federal Home Loan Banks
AdvancesFromFederalHomeLoanBanks
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AdvancesFromFederalHomeLoanBanks
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CY2021Q4 us-gaap Federal Home Loan Bank Advances General Debt Obligations Disclosures Amount Of Available Unused Funds
FederalHomeLoanBankAdvancesGeneralDebtObligationsDisclosuresAmountOfAvailableUnusedFunds
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CY2021Q4 us-gaap Federal Home Loan Bank Advances Maturities Summary Due In Remainder Of Fiscal Year
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CY2021Q4 hovb Federal Home Loan Bank Advance Maturity Average Interest Rate Remainder Of Fiscal Year
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CY2021Q4 us-gaap Federal Home Loan Bank Advances Maturities Summary Due Within One Year Of Balance Sheet Date
FederalHomeLoanBankAdvancesMaturitiesSummaryDueWithinOneYearOfBalanceSheetDate
11995000
CY2021Q4 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
CY2021Q4 us-gaap Federal Home Loan Bank Advances Maturities Summary Due From One To Two Years Of Balance Sheet Date
FederalHomeLoanBankAdvancesMaturitiesSummaryDueFromOneToTwoYearsOfBalanceSheetDate
18860000
CY2021Q4 us-gaap Federal Home Loan Bank Advances Maturities Summary Average Interest Rate One To Two Years From Balance Sheet Date
FederalHomeLoanBankAdvancesMaturitiesSummaryAverageInterestRateOneToTwoYearsFromBalanceSheetDate
0.0098
CY2021Q4 us-gaap Federal Home Loan Bank Advances Maturities Summary Due From Two To Three Years Of Balance Sheet Date
FederalHomeLoanBankAdvancesMaturitiesSummaryDueFromTwoToThreeYearsOfBalanceSheetDate
7080000
CY2021Q4 us-gaap Federal Home Loan Bank Advances Maturities Summary Average Interest Rate Two To Three Years From Balance Sheet Date
FederalHomeLoanBankAdvancesMaturitiesSummaryAverageInterestRateTwoToThreeYearsFromBalanceSheetDate
0.0058
CY2021Q4 us-gaap Advances From Federal Home Loan Banks
AdvancesFromFederalHomeLoanBanks
47935000
CY2021Q4 us-gaap Federal Home Loan Bank Advances Weighted Average Interest Rate
FederalHomeLoanBankAdvancesWeightedAverageInterestRate
0.0110
CY2021Q3 us-gaap Federal Home Loan Bank Advances Maturities Summary Due In Remainder Of Fiscal Year
FederalHomeLoanBankAdvancesMaturitiesSummaryDueInRemainderOfFiscalYear
4000000
CY2021Q3 hovb Federal Home Loan Bank Advance Maturity Average Interest Rate Remainder Of Fiscal Year
FederalHomeLoanBankAdvanceMaturityAverageInterestRateRemainderOfFiscalYear
0.0202
CY2021Q3 us-gaap Federal Home Loan Bank Advances Maturities Summary Due Within One Year Of Balance Sheet Date
FederalHomeLoanBankAdvancesMaturitiesSummaryDueWithinOneYearOfBalanceSheetDate
12040000
CY2021Q3 us-gaap Federal Home Loan Bank Advances Maturities Summary Average Interest Rate Of Amounts Due Within One Year Of Balance Sheet Date
FederalHomeLoanBankAdvancesMaturitiesSummaryAverageInterestRateOfAmountsDueWithinOneYearOfBalanceSheetDate
0.0223
CY2021Q3 us-gaap Federal Home Loan Bank Advances Maturities Summary Due From One To Two Years Of Balance Sheet Date
FederalHomeLoanBankAdvancesMaturitiesSummaryDueFromOneToTwoYearsOfBalanceSheetDate
18860000
CY2021Q3 us-gaap Federal Home Loan Bank Advances Maturities Summary Average Interest Rate One To Two Years From Balance Sheet Date
FederalHomeLoanBankAdvancesMaturitiesSummaryAverageInterestRateOneToTwoYearsFromBalanceSheetDate
0.0098
CY2021Q3 us-gaap Federal Home Loan Bank Advances Maturities Summary Due From Two To Three Years Of Balance Sheet Date
FederalHomeLoanBankAdvancesMaturitiesSummaryDueFromTwoToThreeYearsOfBalanceSheetDate
7080000
CY2021Q3 us-gaap Federal Home Loan Bank Advances Maturities Summary Average Interest Rate Two To Three Years From Balance Sheet Date
FederalHomeLoanBankAdvancesMaturitiesSummaryAverageInterestRateTwoToThreeYearsFromBalanceSheetDate
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
CY2021Q4 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
54000
CY2020Q4 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
167000
CY2021 us-gaap Reclassification From Aoci Current Period Net Of Tax Attributable To Parent
ReclassificationFromAociCurrentPeriodNetOfTaxAttributableToParent
0
CY2020Q4 us-gaap Reclassification From Aoci Current Period Net Of Tax Attributable To Parent
ReclassificationFromAociCurrentPeriodNetOfTaxAttributableToParent
0

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