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Last $3.06 USD
Change Today +0.0101 / 0.33%
Volume 3.2K
As of 8:10 PM 02/10/16 All times are local (Market data is delayed by at least 15 minutes).
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Company Description

Contact Info

75 West 125th Street

New York, NY 10027

United States

Phone: 718-230-2900

Fax:

Carver Bancorp, Inc. operates as the holding company for Carver Federal Savings Bank that provides a range of consumer and commercial banking services. The company serves the African-American communities whose residents, businesses, and institutions had limited access to mainstream financial services. The company remains headquartered in Harlem, and primarily all of its 10 branches and 4 stand-alone 24/7 ATM centers are located in low- to moderate-income neighborhoods. The company provides deposit products, including demand, savings, and time deposits for consumers, businesses, and governmental and quasi-governmental agencies in its local market area within New York City. In addition to deposit products, the company offers various other consumer and commercial banking products and services, including debit cards, online banking, online bill pay, and telephone banking. The company also offers a suite of products and services for unbanked and underbanked consumers, branded as Carver Community Cash. This includes check cashing, wire transfers, bill payment, reloadable prepaid cards, and money orders. The company offers loan products covering various asset classes, including commercial, multi-family, and residential mortgages; construction loans; and business loans. The company finances mortgage and loan products through deposits or borrowings. The company attracts deposits from consumers, businesses, non-profit organizations and public entities through its 10 branches principally from within its market area by offering various deposit instruments, including passbook and statement accounts and certificates of deposit, which range in term from 91 days to 5 years. The company also offers Individual Retirement Accounts. The company’s primary market area for deposits consists of the areas served by its 10 branches in the Brooklyn, Manhattan, and Queens boroughs of New York City. The company’s primary lending market includes Kings, New York, Bronx, and Queens counties in New York City; and lower Westchester County, New York. Lending Activities The company’s loan portfolio consists primarily of mortgage loans originated by its lending teams and secured by commercial real estate, multifamily and one-to-four family residential property, and construction loans. One-to-four Family Residential Lending: The company originates and purchases first mortgage loans secured by one-to-four family properties that serve as the primary residence of the owner. Multifamily Real Estate Lending: The company originates and purchases multifamily loans. Multifamily property lending entails additional risks compared to one-to-four family residential lending. Commercial Real Estate Lending: Commercial real estate lending consists primarily of originating loans for the purpose of purchasing or refinancing office, mixed-use (properties used for both commercial and residential purposes and primarily commercial), retail and church buildings in the company’s market area. The company offers adjustable rate mortgage loans with interest rate adjustment periods of 1 to 5 years and for terms of approximately 15 years and amortization schedules up to 30 years. Construction Lending: The company’s construction loans have adjustable interest rates and are underwritten in accordance with the same standards as the company’s mortgage loans on existing properties. Business Loans: The company provides revolving credit and term loan facilities to small businesses. Business loans are personally guaranteed by the owners and might also be secured by additional collateral, including real estate, equipment, and inventory. Consumer and other Loans: The company’s consumer loans are unsecured loans, including consumer loans, other than loans secured by savings deposits. Investment Portfolio As of December 31, 2014, the company’s investment securities included mortgage-backed securities, such as Government National Mortgage Association, Federal Home Loan Mortgage Corporation, Federal National Mortgage Association, other, U.S. government agency securities; and other investments. Regulation and Supervision The company, as a unitary savi

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CARV:US $3.06 USD +0.0101

CARV Competitors

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Company Last Change
CBT Financial Corp $26.50 USD 0.00
Jonestown Bank & Trust Co of Jonestown Pennsylvania $16.50 USD 0.00
Kinderhook Bank Corp $32.50 USD 0.00
Stewardship Financial Corp $5.85 USD 0.00
Sussex Bancorp $12.60 USD 0.00
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Industry Analysis

CARV

Industry Average

Valuation CARV Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 0.4x
Price/Book 1.1x
Price/Cash Flow NM Not Meaningful
TEV/Sales NM Not Meaningful
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