Hancock Bank & Trust Company Mortgage Rates, Fees & Info

Hawesville, KY

LEI: 549300WO2LB77U820925

Tax ID: 61-0220050

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Mortgage Data

Review & Overview

Hancock Bank & Trust Company is a smaller bank specializing in Refi and Home Purchase loans. Hancock Bank & Trust Company has a high proportion of conventional loans. Their top markets by origination volume include: Bowling Green, Madisonville, Owensboro, Glasgow, and Miami among others. We have data for 17 markets. (Some data included below & more in-depth data is available with an active subscription.)

Hancock Bank & Trust Company has an above average approval rate when compared to the average across all lenders. They have an above average pick rate when compared to similar lenders.

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Originations

179

Origination Dollar Volume (All Markets)

$37,985,000

Top Markets

Zoom/scroll map to see bank's per metro statistics. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results. This map shows top 10 markets in the map viewport, as defined by descending origination volume.

Market Originations Total Value Average Loan Average Fees Average Rate
BOWLING GREEN, KY (FHA|USDA|VA) 67 $18,945,000 $282,761 $0 0.00%
Madisonville, KY (FHA|USDA|VA) 58 $8,540,000 $147,241 $0 0.00%
Outside of Metro Areas 15 $2,265,000 $151,000 $0 0.00%
OWENSBORO, KY (FHA|USDA|VA) 15 $1,555,000 $103,667 $0 0.00%
Glasgow, KY (FHA|USDA|VA) 5 $1,215,000 $243,000 $0 0.00%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 2 $1,110,000 $555,000 $0 0.00%
NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 2 $1,030,000 $515,000 $0 0.00%
ELIZABETHTOWN-FORT KNOX, KY (FHA|USDA|VA) 3 $855,000 $285,000 $0 0.00%
EVANSVILLE, IN-KY (FHA|USDA|VA) 2 $620,000 $310,000 $0 0.00%
LOUISVILLE, KY (FHA|USDA|VA) 2 $570,000 $285,000 $0 0.00%
CLARKSVILLE, TN-KY (FHA|USDA|VA) 2 $280,000 $140,000 $0 0.00%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 1 $245,000 $245,000 $0 0.00%
LEXINGTON-FAYETTE, KY (FHA|USDA|VA) 1 $235,000 $235,000 $0 0.00%
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 1 $215,000 $215,000 $0 0.00%
BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) 1 $135,000 $135,000 $0 0.00%
MEMPHIS, TN-MS-AR (FHA|USDA|VA) 1 $125,000 $125,000 $0 0.00%
Mayfield, KY (FHA|USDA|VA) 1 $45,000 $45,000 $0 0.00%
Hancock Bank & Trust Company's top markets include Bowling Green, Madisonville, Owensboro, Glasgow, and Miami among others.

Their top states include:
  • Kentucky (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Tennessee (FHA|USDA|VA)
  • Indiana (FHA|USDA|VA)
  • Alabama (FHA|USDA|VA)
  • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 179 $37,985,000 $212,207 $0 0.00%

    For 2021, Hancock Bank & Trust Company's most frequently originated type of loan was Conventional, with 179 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 81 $18,025,000 $222,531 $0 0.00%
    Home Purchase 58 $13,100,000 $225,862 $0 0.00%
    Cash Out Refi 33 $6,245,000 $189,242 $0 0.00%
    Home Improvement 5 $265,000 $53,000 $0 0.00%
    Other 2 $350,000 $175,000 $0 0.00%

    For 2021, Hancock Bank & Trust Company's most frequently cited loan purpose was Refi, with 81 originations. The 2nd most popular reason was Home Purchase, with 58 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 179 $37,985,000 $212,207 $0 0.00%

    For 2021, Hancock Bank & Trust Company's most frequently cited loan duration was Other, with 179 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 56 $7,900,000 $141,071 $0 0.00%
    $200k-400k 51 $13,805,000 $270,686 $0 0.00%
    $100,000 or less 50 $2,810,000 $56,200 $0 0.00%
    $400k-600k 14 $7,050,000 $503,571 $0 0.00%
    $600k-1MM 7 $5,175,000 $739,286 $0 0.00%
    $1MM+ 1 $1,245,000 $1,245,000 $0 0.00%

    2021 saw Hancock Bank & Trust Company place emphasis on $100k-200k loans with 56 originations, totaling $7,900,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 32 $6,050,000 $189,063 $0 0.00%
    $50k-75k 29 $3,365,000 $116,034 $0 0.00%
    $75k-100k 26 $3,950,000 $151,923 $0 0.00%
    $50k or less 22 $1,970,000 $89,545 $0 0.00%
    $250k+ 19 $5,875,000 $309,211 $0 0.00%
    $150k-250k 18 $4,950,000 $275,000 $0 0.00%

    Hancock Bank & Trust Company lent most frequently to those with incomes in the $100k-150k range, with 32 originations. The second most popular income band? $50k-75k, with 29 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 179 $37,985,000 $212,207 $0 0.00%

    Hancock Bank & Trust Company lent most frequently to those with DTI ratios of Exempt%, with 179 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 141 $23,885,000 $169,397 $0 0.00%
    Not applicable 28 $10,990,000 $392,500 $0 0.00%
    Asian 7 $2,525,000 $360,714 $0 0.00%
    Not provided 1 $315,000 $315,000 $0 0.00%
    Black 1 $145,000 $145,000 $0 0.00%
    Chinese 1 $125,000 $125,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    92.38%

    Hancock Bank & Trust Company has an average approval rate.

    Pick Rate

    Approvals leading to origination
    91.62%

    Hancock Bank & Trust Company has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 179 $37,985,000 $212,207

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    179 $37,985,000 $212,207

    Complaints

    Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
    HANCOCK WHITNEY BANK Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 3 42.9%
    HANCOCK WHITNEY BANK Conventional home mortgage Closing on a mortgage 1 14.3%
    HANCOCK WHITNEY BANK Conventional home mortgage Trouble during payment process 1 14.3%
    HANCOCK WHITNEY BANK Home equity loan or line of credit (HELOC) Struggling to pay mortgage 1 14.3%
    HANCOCK WHITNEY BANK Other type of mortgage Trouble during payment process 1 14.3%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Hancock Bank & Trust Company 102 West Main Street Cloverport, KY 40111 Full Service B&M $32,413
    Hancock Bank & Trust Company 1025 Fairview Avenue Bowling Green, KY 42103 Full Service B&M $1,967
    Hancock Bank & Trust Company 220 Main Street Hawesville, KY 42348 Full Service B&M $98,540
    Hancock Bank & Trust Company 240 S. Main Street Madisonville, KY 42431 Full Service B&M $34,381
    Hancock Bank & Trust Company 2420 North Main Street Madisonville, KY 42431 Full Service B&M $58,541
    Hancock Bank & Trust Company 2501 Crossings Blvd Bowling Green, KY 42104 Full Service B&M $29,255
    Hancock Bank & Trust Company U.S. Highway 60 East Lewisport, KY 42351 Full Service B&M $29,434

    For 2021, Hancock Bank & Trust Company had 7 branches.

    Yearly Performance Overview