Risk factors

Hanover Bancorp (HNVR) risk factors

Item 1A of every Hanover Bancorp, Inc. 10-K on file, and what changed from one year to the next.

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  • FY2025 10-K risk factors

    55 risks, 4 new, 4 reworded since the prior year. Hanover Bancorp added risks regarding inflation, New York rent regulation, municipal deposit sensitivity, and subsidiary bank dividend limits. Loan volumes for non-qualified mortgages and residential mortgages increased significantly.

    Filed Mar 13, 2026
  • FY2024 10-K risk factors

    51 risks. Hannover Bancorp faces heavy geographic concentration in the New York metro area and real estate lending. Substantial reliance on non-conforming mortgages and specialized cannabis deposits creates regulatory and credit exposure. Rapid acquisition history and strict capital requirements drive ongoing funding and risk management needs.

    Filed Mar 14, 2025