Hancock Bank & Trust Company Mortgage Rates, Fees & Info

Hawesville, KY

LEI: 549300WO2LB77U820925

Tax ID: 61-0220050

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

Jump to:

Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Bank Data

  • Branches
  • Income
  • Loan Types
  • Deposit Mix
  • Loan Performance
  • Assets
  • Business Loans

    • 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 Clarksville among others. We have data for 13 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.

    We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.

    Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

    Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.


    Originations

    134

    Origination Dollar Volume (All Markets)

    $18,880,000

    Employee count

    81

    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) 30 $8,250,000 $275,000 $0 0.00%
    Madisonville, KY (FHA|USDA|VA) 41 $3,955,000 $96,463 $0 0.00%
    Outside of Metro Areas 18 $2,010,000 $111,667 $0 0.00%
    OWENSBORO, KY (FHA|USDA|VA) 25 $1,565,000 $62,600 $0 0.00%
    Glasgow, KY (FHA|USDA|VA) 7 $1,065,000 $152,143 $0 0.00%
    CLARKSVILLE, TN-KY (FHA|USDA|VA) 4 $450,000 $112,500 $0 0.00%
    LEXINGTON-FAYETTE, KY (FHA|USDA|VA) 1 $385,000 $385,000 $0 0.00%
    ELIZABETHTOWN-FORT KNOX, KY (FHA|USDA|VA) 3 $345,000 $115,000 $0 0.00%
    COLORADO SPRINGS, CO (FHA|USDA|VA) 1 $255,000 $255,000 $0 0.00%
    DECATUR, IL (FHA|USDA|VA) 1 $225,000 $225,000 $0 0.00%
    NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) 1 $195,000 $195,000 $0 0.00%
    LOUISVILLE, KY (FHA|USDA|VA) 1 $135,000 $135,000 $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 Clarksville among others.

    Their top states include:
  • Kentucky (FHA|USDA|VA)
  • Indiana (FHA|USDA|VA)
  • Colorado (FHA|USDA|VA)
  • Illinois (FHA|USDA|VA)
  • Louisiana (FHA|USDA|VA)

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 134 $18,880,000 $140,896 $0 0.00%

    For 2019, Hancock Bank & Trust Company's most frequently originated type of loan was Conventional, with 134 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 63 $9,945,000 $157,857 $0 0.00%
    Refi 48 $7,310,000 $152,292 $0 0.00%
    Other 8 $250,000 $31,250 $0 0.00%
    Cash Out Refi 8 $1,170,000 $146,250 $0 0.00%
    Home Improvement 7 $205,000 $29,286 $0 0.00%

    For 2019, Hancock Bank & Trust Company's most frequently cited loan purpose was Home Purchase, with 63 originations. The 2nd most popular reason was Refi, with 48 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 134 $18,880,000 $140,896 $0 0.00%

    For 2019, Hancock Bank & Trust Company's most frequently cited loan duration was Other, with 134 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 72 $3,330,000 $46,250 $0 0.00%
    $100k-200k 37 $5,485,000 $148,243 $0 0.00%
    $200k-400k 16 $3,990,000 $249,375 $0 0.00%
    $400k-600k 5 $2,495,000 $499,000 $0 0.00%
    $600k-1MM 4 $3,580,000 $895,000 $0 0.00%

    2019 saw Hancock Bank & Trust Company place emphasis on $100,000 or less loans with 72 originations, totaling $3,330,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 35 $2,745,000 $78,429 $0 0.00%
    $100k-150k 25 $2,655,000 $106,200 $0 0.00%
    $75k-100k 24 $2,320,000 $96,667 $0 0.00%
    $50k or less 20 $1,380,000 $69,000 $0 0.00%
    $150k-250k 5 $835,000 $167,000 $0 0.00%
    $250k+ 4 $1,480,000 $370,000 $0 0.00%

    Hancock Bank & Trust Company lent most frequently to those with incomes in the $50k-75k range, with 35 originations. The second most popular income band? $100k-150k, with 25 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 134 $18,880,000 $140,896 $0 0.00%

    Hancock Bank & Trust Company lent most frequently to those with DTI ratios of Exempt%, with 134 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 116 $12,330,000 $106,293 $0 0.00%
    Not applicable 15 $6,045,000 $403,000 $0 0.00%
    Black 3 $505,000 $168,333 $0 0.00%

    Approval Rates

    Total approvals of all applications
    91.45%

    Hancock Bank & Trust Company has an average approval rate.

    Pick Rate

    Approvals leading to origination
    96.27%

    Hancock Bank & Trust Company has an exceptionally high pick rate. They most likely have borrower friendly terms or other characteristics like being fast to close or are easy to work with.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 134 $18,880,000 $140,896

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 7 $3,935,000 $562,143
    Single Family (1-4 Units):Manufactured 11 $325,000 $29,545
    Single Family (1-4 Units):Site-Built 116 $14,620,000 $126,034

    Complaints

    Bank Name Product Issue 2019 CPFB Complaints % of Total Issues
    HANCOCK WHITNEY BANK Conventional home mortgage Closing on a mortgage 1 33.3%
    HANCOCK WHITNEY BANK Conventional home mortgage Trouble during payment process 2 66.7%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Hancock Bank & Trust Company U.S. Highway 60 East Lewisport, KY 42351 Full Service B&M $28,480
    Hancock Bank & Trust Company 102 West Main Street Cloverport, KY 40111 Full Service B&M $29,470
    Hancock Bank & Trust Company 1025 Fairview Avenue Bowling Green, KY 42103 Full Service B&M $1
    Hancock Bank & Trust Company 220 Main Street Hawesville, KY 42348 Full Service B&M $79,732
    Hancock Bank & Trust Company 240 S. Main Street Madisonville, KY 42431 Full Service B&M $27,439
    Hancock Bank & Trust Company 2420 North Main Street Madisonville, KY 42431 Full Service B&M $46,721
    Hancock Bank & Trust Company 2501 Crossings Blvd Bowling Green, KY 42104 Full Service B&M $23,755

    For 2019, Hancock Bank & Trust Company had 7 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $13,170
    Net interest income $10,157
    Total noninterest income $2,240
    Gross Fiduciary activities income $2
    Service charges on deposit accounts $225
    Trading account gains and fees $0
    Additional Noninterest Income $2,013
    Pre-tax net operating income $2,159
    Securities gains (or losses, -) $-5
    Income before extraordinary items $2,154
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $2,154
    Minority interest net income $0
    Net income $2,154
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $2,159

    Hancock Bank & Trust Company's gross interest income from loans was $13,170,000.
    Hancock Bank & Trust Company's net interest income from loans was $10,157,000.
    Hancock Bank & Trust Company's fee based income from loans was $225,000.
    Hancock Bank & Trust Company's net income from loans was $2,154,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $3,013
    Provision for credit losses $0
    Total noninterest expense $10,238
    Salaries and employee benefits $5,231
    Premises and equipment expense $876
    Additional noninterest expense $4,131
    Applicable income taxes $0
    Net charge-offs $-83
    Cash dividends $1,399

    Hancock Bank & Trust Company's interest expense for loans was $3,013,000.
    Hancock Bank & Trust Company's payroll and benefits expense were $5,231,000.
    Hancock Bank & Trust Company's property, plant and equipment expenses $876,000.

    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 $235,974
    Deposits held in domestic offices $235,974
    Deposits by Individuals, partnerships, and corporations $216,265
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $19,709
    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 $90,381
    Demand deposits $46,106
    Nontransaction accounts $145,593
    Money market deposit accounts (MMDAs) $2,366
    Other savings deposits (excluding MMDAs) $50,541
    Total time deposits $92,686
    Total time and savings deposits $189,868
    Noninterest-bearing deposits $46,106
    Interest-bearing deposits $189,868
    Retail deposits $227,539
    IRAs and Keogh plan accounts $15,031
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $288,916
    Cash & Balances due from depository institutions $7,565
    Interest-bearing balances $3,932
    Total securities $18,170
    Federal funds sold & reverse repurchase $13,229
    Net loans and leases $225,025
    Loan and leases loss allowance $3,244
    Trading account assets $0
    Bank premises and fixed assets $10,459
    Other real estate owned $0
    Goodwill and other intangibles $1,508
    All other assets $12,960

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $288,916
    Total Liabilities $255,953
    Total deposits $235,974
    Interest-bearing deposits $189,868
    Deposits held in domestic offices $235,974
    % insured (estimated) $85
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $18,804
    Subordinated debt $0
    All other liabilities $1,175

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $225,025
    Loan and leases loss allowance $3,244
    Total loans and leases (domestic) $228,269
    All real estate loans $201,147
    Real estate loans in domestic offices $201,147
    Construction and development loans $15,863
    Residential 1-4 family construction $3,441
    Other construction, all land development and other land $12,422
    Loans secured by nonfarm nonresidential properties $67,008
    Nonfarm nonresidential secured by owner-occupied properties $39,171
    Commercial real estate & other non-farm, non-residential $27,837
    Multifamily residential real estate $5,604
    1-4 family residential loans $77,786
    Farmland loans $34,886
    Loans held in foreign offices $0
    Farm loans $3,818
    Commercial and industrial loans $19,068
    To non-U.S. addressees $0
    Loans to individuals $4,089
    Credit card loans $258
    Related Plans $99
    Consumer Auto Loans $1,435
    Other loans to individuals $2,297
    All other loans & leases $147
    Loans to foreign governments and official institutions $0
    Other loans $50
    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 $2,286
    Non 1-4 family restructured loans & leases $933
    Total loans and leases (foreign) $0

    Hancock Bank & Trust Company had $225,025,000 of loans outstanding in 2019. $201,147,000 of loans were in real estate loans. $15,863,000 of loans were in development loans. $5,604,000 of loans were in multifamily mortgage loans. $77,786,000 of loans were in 1-4 family mortgage loans. $3,818,000 of loans were in farm loans. $258,000 of loans were in credit card loans. $1,435,000 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 157 $33,790 $215,223
    Nonfarm, nonresidential loans - <$100k 70 $2,706 $38,657
    Nonfarm, nonresidential loans - $100-250k 39 $6,544 $167,795
    Nonfarm, nonresidential loans - $250k-1MM 48 $24,540 $511,250
    Commercial & Industrial, US addressed loans - <$1MM 183 $12,835 $70,137
    Commercial & Industrial, US addressed loans - <$100k 152 $3,446 $22,671
    Commercial & Industrial, US addressed loans - $100-250k 19 $2,968 $156,211
    Commercial & Industrial, US addressed loans - $250k-1MM 12 $6,421 $535,083
    Farmland loans - <$1MM 202 $29,467 $145,876
    Farmland loans - <$100k 119 $4,283 $35,992
    Farmland loans - $100-250k 41 $7,101 $173,195
    Farmland loans - $250k-1MM 42 $18,083 $430,548
    Agriculture operations loans - <$1MM 97 $3,818 $39,361
    Agriculture operations loans - <$100k 76 $1,520 $20,000
    Agriculture operations loans - $100-250k 5 $710 $142,000
    Agriculture operations loans - $250k-1MM 16 $1,588 $99,250