Hancock Bank & Trust Company Mortgage Rates, Fees & Info

Hawesville, KY

LEI: 549300WO2LB77U820925

Tax ID: 61-0220050

Latest/2022 | 2021 Data | 2020 Data | 2019 Data | 2018 Data

Review & Overview

Hancock Bank & Trust Company is a smaller bank specializing in Home Purchase and Refi 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 Tampa among others. We have data for 12 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

130

Origination Dollar Volume (All Markets)

$17,820,000

Employee count

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)	27	$7,745,000	$286,852	$0	0.00%
Madisonville, KY (FHA\|USDA\|VA)	38	$4,270,000	$112,368	$0	0.00%
OWENSBORO, KY (FHA\|USDA\|VA)	32	$2,280,000	$71,250	$0	0.00%
Outside of Metro Areas	16	$1,360,000	$85,000	$0	0.00%
Glasgow, KY (FHA\|USDA\|VA)	9	$925,000	$102,778	$0	0.00%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA\|USDA\|VA)	1	$405,000	$405,000	$0	0.00%
Frankfort, KY (FHA\|USDA\|VA)	1	$215,000	$215,000	$0	0.00%
LEXINGTON-FAYETTE, KY (FHA\|USDA\|VA)	1	$205,000	$205,000	$0	0.00%
LOUISVILLE, KY (FHA\|USDA\|VA)	2	$190,000	$95,000	$0	0.00%
CLARKSVILLE, TN-KY (FHA\|USDA\|VA)	1	$115,000	$115,000	$0	0.00%
CINCINNATI, OH-KY-IN (FHA\|USDA\|VA)	1	$65,000	$65,000	$0	0.00%
Campbellsville, 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 Tampa among others.

Their top states include:

Kentucky (FHA|USDA|VA)

Florida (FHA|USDA|VA)

Indiana (FHA|USDA|VA)

Ohio (FHA|USDA|VA)

Product Mix

Loan Type	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. Rate
Conventional	130	$17,820,000	$137,077	$0	0.00%

For 2018, Hancock Bank & Trust Company's most frequently originated type of loan was Conventional, with 130 originations.

Loan Reason

Loan Reason	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. Rate
Home Purchase	62	$8,060,000	$130,000	$0	0.00%
Refi	49	$8,705,000	$177,653	$0	0.00%
Home Improvement	7	$105,000	$15,000	$0	0.00%
Other	7	$325,000	$46,429	$0	0.00%
Cash Out Refi	5	$625,000	$125,000	$0	0.00%

For 2018, Hancock Bank & Trust Company's most frequently cited loan purpose was Home Purchase, with 62 originations. The 2nd most popular reason was Refi, with 49 originations.

Loan Duration/Length

Loan Length	Originations	Total Value	Average Loan	Average Fees	Average Rate
Other	130	$17,820,000	$137,077	$0	0.00%

For 2018, Hancock Bank & Trust Company's most frequently cited loan duration was Other, with 130 originations.

Loan Sizing

Loan Size	Originations	Total Value	Average Loan	Average Fees	Average Rate
$100,000 or less	85	$4,035,000	$47,471	$0	0.00%
$100k-200k	22	$3,020,000	$137,273	$0	0.00%
$200k-400k	17	$4,565,000	$268,529	$0	0.00%
$400k-600k	3	$1,335,000	$445,000	$0	0.00%
$1MM+	2	$4,180,000	$2,090,000	$0	0.00%
$600k-1MM	1	$685,000	$685,000	$0	0.00%

2018 saw Hancock Bank & Trust Company place emphasis on $100,000 or less loans with 85 originations, totaling $4,035,000 in origination value.

Applicant Income

Applicant Income	Originations	Total Value	Average Loan	Average Fees	Average Rate
$50k or less	35	$1,785,000	$51,000	$0	0.00%
$100k-150k	22	$2,950,000	$134,091	$0	0.00%
$75k-100k	22	$2,360,000	$107,273	$0	0.00%
$50k-75k	21	$1,425,000	$67,857	$0	0.00%
$150k-250k	6	$1,020,000	$170,000	$0	0.00%
$250k+	6	$1,570,000	$261,667	$0	0.00%

Hancock Bank & Trust Company lent most frequently to those with incomes in the $50k or less range, with 35 originations. The second most popular income band? $100k-150k, with 22 originations.

Applicant Debt to Income Ratio

DTI Ratio	Originations	Total Value	Average Loan	Average Fees	Average Rate
Exempt%	130	$17,820,000	$137,077	$0	0.00%

Hancock Bank & Trust Company lent most frequently to those with DTI ratios of Exempt%, with 130 originations.

Ethnicity Mix

Applicant Ethnicity	Originations	Total Value	Average Loan	Average Fees	Average Rate
White	112	$11,600,000	$103,571	$0	0.00%
Not applicable	14	$5,790,000	$413,571	$0	0.00%
American Indian	2	$250,000	$125,000	$0	0.00%
Asian	1	$115,000	$115,000	$0	0.00%
Native Hawaiian or Islander	1	$65,000	$65,000	$0	0.00%

Approval Rates

Total approvals of all applications
90.45%

Hancock Bank & Trust Company has an average approval rate.

Pick Rate

Approvals leading to origination
90.77%

Hancock Bank & Trust Company has an average pick rate.

Points and Fees

Points	Originations	Total Value	Average Loan
Exempt	130	$17,820,000	$137,077

Occupancy Type Mix

Dwelling Type	Originations	Total Value	Average Loan
Multifamily:Site-Built	4	$5,200,000	$1,300,000
Single Family (1-4 Units):Manufactured	17	$495,000	$29,118
Single Family (1-4 Units):Site-Built	109	$12,125,000	$111,239

Complaints

Bank Name	Product	Issue	2018 CPFB Complaints	% of Total Issues
HANCOCK WHITNEY BANK	Conventional home mortgage	Trouble during payment process	2	66.7%
HANCOCK WHITNEY BANK	Home equity loan or line of credit (HELOC)	Trouble during payment process	1	33.3%

Bank Details

Branches

Bank Name	Branch	Branch Type	Deposits (000's)
Hancock Bank & Trust Company	240 S. Main Street Madisonville, KY 42431	Full Service B&M	$31,267
Hancock Bank & Trust Company	102 West Main Street Cloverport, KY 40111	Full Service B&M	$27,260
Hancock Bank & Trust Company	220 Main Street Hawesville, KY 42348	Full Service B&M	$76,354
Hancock Bank & Trust Company	2420 North Main Street Madisonville, KY 42431	Full Service B&M	$46,900
Hancock Bank & Trust Company	2501 Crossings Blvd Bowling Green, KY 42104	Full Service B&M	$22,269
Hancock Bank & Trust Company	U.S. Highway 60 East Lewisport, KY 42351	Full Service B&M	$25,451

For 2018, Hancock Bank & Trust Company had 6 branches.

Yearly Performance Overview

Bank Income

Item	Value (in 000's)
Total interest income	$12,190
Net interest income	$10,124
Total noninterest income	$1,782
Gross Fiduciary activities income	$3
Service charges on deposit accounts	$254
Trading account gains and fees	$0
Additional Noninterest Income	$1,525
Pre-tax net operating income	$1,640
Securities gains (or losses, -)	$0
Income before extraordinary items	$1,640
Discontinued Operations (Extraordinary gains, net)	$0
Net income of bank and minority interests	$1,640
Minority interest net income	$0
Net income	$1,640
Sale, conversion, retirement of capital stock, net	$0
Net operating income	$1,640

Hancock Bank & Trust Company's gross interest income from loans was $12,190,000.
Hancock Bank & Trust Company's net interest income from loans was $10,124,000.
Hancock Bank & Trust Company's fee based income from loans was $254,000.
Hancock Bank & Trust Company's net income from loans was $1,640,000.

Bank Expenses

Item	Value (in 000's)
Total interest expense	$2,066
Provision for credit losses	$0
Total noninterest expense	$10,266
Salaries and employee benefits	$5,130
Premises and equipment expense	$726
Additional noninterest expense	$4,410
Applicable income taxes	$0
Net charge-offs	$11
Cash dividends	$1,361

Hancock Bank & Trust Company's interest expense for loans was $2,066,000.
Hancock Bank & Trust Company's payroll and benefits expense were $5,130,000.
Hancock Bank & Trust Company's property, plant and equipment expenses $726,000.

Loan Performance

Type of Loan	% of Loans Noncurrent (30+ days, end of period snapshot)
All loans	0.0%
Real Estate loans	0.0%
Construction & Land Development loans	0.0%
Nonfarm, nonresidential loans	0.0%
Multifamily residential loans	0.0%
1-4 family residential loans	0.0%
HELOC loans	0.0%
All other family	0.0%
Commercial & industrial loans	0.0%
Personal loans	0.0%
Credit card loans	0.0%
Other individual loans	0.0%
Auto loans	1.0%
Other consumer loans	0.0%
Unsecured commercial real estate loans	0.0%

Deposits

Type	Value (in 000's)
Total deposits	$235,866
Deposits held in domestic offices	$235,866
Deposits by Individuals, partnerships, and corporations	$211,954
Deposits by U.S. Government	$0
Deposits by States and political subdivisions in the U.S.	$23,912
Deposits by Commercial banks and other depository institutions in U.S.	$0
Deposits by Banks in foreign countries	$0
Deposits by Foreign governments and official institutions	$0
Transaction accounts	$91,038
Demand deposits	$43,096
Nontransaction accounts	$144,828
Money market deposit accounts (MMDAs)	$2,362
Other savings deposits (excluding MMDAs)	$31,683
Total time deposits	$110,782
Total time and savings deposits	$192,770
Noninterest-bearing deposits	$43,096
Interest-bearing deposits	$192,770
Retail deposits	$220,816
IRAs and Keogh plan accounts	$16,221
Brokered deposits	$6,473
Deposits held in foreign offices	$0

Assets

Asset	Value (in 000's)
Total Assets	$287,446
Cash & Balances due from depository institutions	$7,942
Interest-bearing balances	$2,357
Total securities	$23,337
Federal funds sold & reverse repurchase	$13,691
Net loans and leases	$217,264
Loan and leases loss allowance	$3,161
Trading account assets	$0
Bank premises and fixed assets	$10,372
Other real estate owned	$0
Goodwill and other intangibles	$1,668
All other assets	$13,172

Liabilities

Liabilities	Value (in 000's)
Total liabilities and capital	$287,446
Total Liabilities	$255,850
Total deposits	$235,866
Interest-bearing deposits	$192,770
Deposits held in domestic offices	$235,866
% insured (estimated)	$83
Federal funds purchased and repurchase agreements	$0
Trading liabilities	$0
Other borrowed funds	$18,583
Subordinated debt	$0
All other liabilities	$1,401

Issued Loan Types

Type	Value (in 000's)
Net loans and leases	$217,264
Loan and leases loss allowance	$3,161
Total loans and leases (domestic)	$220,425
All real estate loans	$193,727
Real estate loans in domestic offices	$193,727
Construction and development loans	$8,065
Residential 1-4 family construction	$3,651
Other construction, all land development and other land	$4,414
Loans secured by nonfarm nonresidential properties	$69,366
Nonfarm nonresidential secured by owner-occupied properties	$38,093
Commercial real estate & other non-farm, non-residential	$31,273
Multifamily residential real estate	$5,820
1-4 family residential loans	$75,876
Farmland loans	$34,600
Loans held in foreign offices	$0
Farm loans	$3,300
Commercial and industrial loans	$18,908
To non-U.S. addressees	$0
Loans to individuals	$4,333
Credit card loans	$267
Related Plans	$129
Consumer Auto Loans	$1,615
Other loans to individuals	$2,322
All other loans & leases	$158
Loans to foreign governments and official institutions	$0
Other loans	$58
Loans to depository institutions and acceptances of other banks	$0
Loans not secured by real estate	$0
Loans secured by real estate to non-U.S. addressees	$0
Restructured Loans & leases	$2,672
Non 1-4 family restructured loans & leases	$1,253
Total loans and leases (foreign)	$0

Hancock Bank & Trust Company had $217,264,000 of loans outstanding in 2018. $193,727,000 of loans were in real estate loans. $8,065,000 of loans were in development loans. $5,820,000 of loans were in multifamily mortgage loans. $75,876,000 of loans were in 1-4 family mortgage loans. $3,300,000 of loans were in farm loans. $267,000 of loans were in credit card loans. $1,615,000 of loans were in the auto loan category.

Small Business Loans

Categorization	# of Loans in Category	$ amount of loans (in 000's)	Average $/loan
Nonfarm, nonresidential loans - <$1MM	161	$29,980	$186,211
Nonfarm, nonresidential loans - <$100k	77	$3,134	$40,701
Nonfarm, nonresidential loans - $100-250k	39	$6,237	$159,923
Nonfarm, nonresidential loans - $250k-1MM	45	$20,609	$457,978
Commercial & Industrial, US addressed loans - <$1MM	171	$12,171	$71,175
Commercial & Industrial, US addressed loans - <$100k	143	$3,593	$25,126
Commercial & Industrial, US addressed loans - $100-250k	17	$2,784	$163,765
Commercial & Industrial, US addressed loans - $250k-1MM	11	$5,794	$526,727
Farmland loans - <$1MM	190	$30,347	$159,721
Farmland loans - <$100k	103	$3,837	$37,252
Farmland loans - $100-250k	44	$7,311	$166,159
Farmland loans - $250k-1MM	43	$19,199	$446,488
Agriculture operations loans - <$1MM	84	$3,299	$39,274
Agriculture operations loans - <$100k	77	$1,730	$22,468
Agriculture operations loans - $100-250k	5	$901	$180,200
Agriculture operations loans - $250k-1MM	2	$668	$334,000