Hancock Bank & Trust Company Mortgage Rates, Fees & Info
Hawesville, KYLEI: 549300WO2LB77U820925
Tax ID: 61-0220050
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Bank 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, Elizabethtown, Owensboro, and Glasgow among others. We have data for 19 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
365Origination Dollar Volume (All Markets)
$104,525,000Employee count
83Top 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) | 150 | $69,740,000 | $464,933 | $0 | 0.00% |
| Madisonville, KY (FHA|USDA|VA) | 99 | $14,055,000 | $141,970 | $0 | 0.00% |
| Outside of Metro Areas | 32 | $5,680,000 | $177,500 | $0 | 0.00% |
| ELIZABETHTOWN-FORT KNOX, KY (FHA|USDA|VA) | 11 | $2,705,000 | $245,909 | $0 | 0.00% |
| OWENSBORO, KY (FHA|USDA|VA) | 24 | $2,510,000 | $104,583 | $0 | 0.00% |
| Glasgow, KY (FHA|USDA|VA) | 10 | $2,080,000 | $208,000 | $0 | 0.00% |
| LOUISVILLE, KY (FHA|USDA|VA) | 5 | $1,185,000 | $237,000 | $0 | 0.00% |
| CLARKSVILLE, TN-KY (FHA|USDA|VA) | 7 | $1,185,000 | $169,286 | $0 | 0.00% |
| EVANSVILLE, IN-KY (FHA|USDA|VA) | 5 | $1,075,000 | $215,000 | $0 | 0.00% |
| LEXINGTON-FAYETTE, KY (FHA|USDA|VA) | 6 | $1,040,000 | $173,333 | $0 | 0.00% |
| Murray, KY (FHA|USDA|VA) | 1 | $515,000 | $515,000 | $0 | 0.00% |
| Central City, KY (FHA|USDA|VA) | 5 | $495,000 | $99,000 | $0 | 0.00% |
| Oxford, MS (FHA|USDA|VA) | 2 | $470,000 | $235,000 | $0 | 0.00% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 1 | $375,000 | $375,000 | $0 | 0.00% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 2 | $370,000 | $185,000 | $0 | 0.00% |
| Traverse City, MI (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $0 | 0.00% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $0 | 0.00% |
| Paducah, KY-IL (FHA|USDA|VA) | 2 | $300,000 | $150,000 | $0 | 0.00% |
| Campbellsville, KY (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 365 | $104,525,000 | $286,370 | $0 | 0.00% |
For 2020, Hancock Bank & Trust Company's most frequently originated type of loan was Conventional, with 365 originations.
Loan Reason
For 2020, Hancock Bank & Trust Company's most frequently cited loan purpose was Refi, with 198 originations. The 2nd most popular reason was Home Purchase, with 100 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 365 | $104,525,000 | $286,370 | $0 | 0.00% |
For 2020, Hancock Bank & Trust Company's most frequently cited loan duration was Other, with 365 originations.
Loan Sizing
2020 saw Hancock Bank & Trust Company place emphasis on $100k-200k loans with 148 originations, totaling $21,600,000 in origination value.
Applicant Income
Hancock Bank & Trust Company lent most frequently to those with incomes in the $100k-150k range, with 66 originations. The second most popular income band? $50k-75k, with 57 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 365 | $104,525,000 | $286,370 | $0 | 0.00% |
Hancock Bank & Trust Company lent most frequently to those with DTI ratios of Exempt%, with 365 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications95.10%
Hancock Bank & Trust Company has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination93.70%
Hancock Bank & Trust Company has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 365 | $104,525,000 | $286,370 |
Occupancy Type Mix
Complaints
| Bank Name | Product | Issue | 2020 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| HANCOCK WHITNEY BANK | Conventional home mortgage | Closing on a mortgage | 1 | 25.0% |
| HANCOCK WHITNEY BANK | Conventional home mortgage | Struggling to pay mortgage | 1 | 25.0% |
| HANCOCK WHITNEY BANK | Conventional home mortgage | Trouble during payment process | 1 | 25.0% |
| HANCOCK WHITNEY BANK | Home equity loan or line of credit (HELOC) | Trouble during payment process | 1 | 25.0% |
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 | $32,033 |
| Hancock Bank & Trust Company | 1025 Fairview Avenue Bowling Green, KY 42103 | Full Service B&M | $962 |
| Hancock Bank & Trust Company | 220 Main Street Hawesville, KY 42348 | Full Service B&M | $89,842 |
| Hancock Bank & Trust Company | 240 S. Main Street Madisonville, KY 42431 | Full Service B&M | $32,230 |
| Hancock Bank & Trust Company | 2420 North Main Street Madisonville, KY 42431 | Full Service B&M | $55,552 |
| Hancock Bank & Trust Company | 2501 Crossings Blvd Bowling Green, KY 42104 | Full Service B&M | $28,906 |
| Hancock Bank & Trust Company | U.S. Highway 60 East Lewisport, KY 42351 | Full Service B&M | $26,046 |
For 2020, Hancock Bank & Trust Company had 7 branches.
Yearly Performance Overview
Bank Income
| Item | Value (in 000's) |
|---|---|
| Total interest income | $12,572 |
| Net interest income | $9,832 |
| Total noninterest income | $3,234 |
| Gross Fiduciary activities income | $3 |
| Service charges on deposit accounts | $165 |
| Trading account gains and fees | $0 |
| Additional Noninterest Income | $3,066 |
| Pre-tax net operating income | $2,389 |
| Securities gains (or losses, -) | $0 |
| Income before extraordinary items | $2,389 |
| Discontinued Operations (Extraordinary gains, net) | $0 |
| Net income of bank and minority interests | $2,389 |
| Minority interest net income | $0 |
| Net income | $2,389 |
| Sale, conversion, retirement of capital stock, net | $0 |
| Net operating income | $2,389 |
Hancock Bank & Trust Company's gross interest income from loans was $12,572,000.
Hancock Bank & Trust Company's net interest income from loans was $9,832,000.
Hancock Bank & Trust Company's fee based income from loans was $165,000.
Hancock Bank & Trust Company's net income from loans was $2,389,000.
Bank Expenses
| Item | Value (in 000's) |
|---|---|
| Total interest expense | $2,740 |
| Provision for credit losses | $0 |
| Total noninterest expense | $10,677 |
| Salaries and employee benefits | $5,707 |
| Premises and equipment expense | $694 |
| Additional noninterest expense | $4,276 |
| Applicable income taxes | $0 |
| Net charge-offs | $428 |
| Cash dividends | $1,399 |
Hancock Bank & Trust Company's interest expense for loans was $2,740,000.
Hancock Bank & Trust Company's payroll and benefits expense were $5,707,000.
Hancock Bank & Trust Company's property, plant and equipment expenses $694,000.
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 | 0.0% |
| Other consumer loans | 0.0% |
| Unsecured commercial real estate loans | 0.0% |
Deposits
| Type | Value (in 000's) |
|---|---|
| Total deposits | $273,555 |
| Deposits held in domestic offices | $273,555 |
| Deposits by Individuals, partnerships, and corporations | $244,158 |
| Deposits by U.S. Government | $0 |
| Deposits by States and political subdivisions in the U.S. | $29,397 |
| 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 | $111,514 |
| Demand deposits | $55,783 |
| Nontransaction accounts | $162,041 |
| Money market deposit accounts (MMDAs) | $2,317 |
| Other savings deposits (excluding MMDAs) | $58,437 |
| Total time deposits | $101,288 |
| Total time and savings deposits | $217,772 |
| Noninterest-bearing deposits | $55,789 |
| Interest-bearing deposits | $217,766 |
| Retail deposits | $261,274 |
| IRAs and Keogh plan accounts | $14,017 |
| Brokered deposits | $0 |
| Deposits held in foreign offices | $0 |
Assets
| Asset | Value (in 000's) |
|---|---|
| Total Assets | $325,659 |
| Cash & Balances due from depository institutions | $6,806 |
| Interest-bearing balances | $3,787 |
| Total securities | $23,697 |
| Federal funds sold & reverse repurchase | $18,271 |
| Net loans and leases | $251,435 |
| Loan and leases loss allowance | $2,817 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $10,287 |
| Other real estate owned | $0 |
| Goodwill and other intangibles | $1,348 |
| All other assets | $13,815 |
Liabilities
| Liabilities | Value (in 000's) |
|---|---|
| Total liabilities and capital | $325,659 |
| Total Liabilities | $291,266 |
| Total deposits | $273,555 |
| Interest-bearing deposits | $217,766 |
| Deposits held in domestic offices | $273,555 |
| % insured (estimated) | $87 |
| Federal funds purchased and repurchase agreements | $0 |
| Trading liabilities | $0 |
| Other borrowed funds | $16,589 |
| Subordinated debt | $0 |
| All other liabilities | $1,122 |
Issued Loan Types
| Type | Value (in 000's) |
|---|---|
| Net loans and leases | $251,435 |
| Loan and leases loss allowance | $2,817 |
| Total loans and leases (domestic) | $254,252 |
| All real estate loans | $221,104 |
| Real estate loans in domestic offices | $221,104 |
| Construction and development loans | $19,187 |
| Residential 1-4 family construction | $3,111 |
| Other construction, all land development and other land | $16,076 |
| Loans secured by nonfarm nonresidential properties | $79,278 |
| Nonfarm nonresidential secured by owner-occupied properties | $35,180 |
| Commercial real estate & other non-farm, non-residential | $44,098 |
| Multifamily residential real estate | $14,286 |
| 1-4 family residential loans | $75,168 |
| Farmland loans | $33,185 |
| Loans held in foreign offices | $0 |
| Farm loans | $3,614 |
| Commercial and industrial loans | $26,162 |
| To non-U.S. addressees | $0 |
| Loans to individuals | $3,363 |
| Credit card loans | $225 |
| Related Plans | $78 |
| Consumer Auto Loans | $1,203 |
| Other loans to individuals | $1,857 |
| All other loans & leases | $9 |
| Loans to foreign governments and official institutions | $0 |
| Other loans | $9 |
| 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 | $1,047 |
| Non 1-4 family restructured loans & leases | $901 |
| Total loans and leases (foreign) | $0 |
Hancock Bank & Trust Company had $251,435,000 of loans outstanding in 2020. $221,104,000 of loans were in real estate loans. $19,187,000 of loans were in development loans. $14,286,000 of loans were in multifamily mortgage loans. $75,168,000 of loans were in 1-4 family mortgage loans. $3,614,000 of loans were in farm loans. $225,000 of loans were in credit card loans. $1,203,000 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 | 185 | $42,373 | $229,043 |
| Nonfarm, nonresidential loans - <$100k | 77 | $3,169 | $41,156 |
| Nonfarm, nonresidential loans - $100-250k | 45 | $7,534 | $167,422 |
| Nonfarm, nonresidential loans - $250k-1MM | 63 | $31,670 | $502,698 |
| Commercial & Industrial, US addressed loans - <$1MM | 364 | $22,224 | $61,055 |
| Commercial & Industrial, US addressed loans - <$100k | 308 | $8,957 | $29,081 |
| Commercial & Industrial, US addressed loans - $100-250k | 35 | $4,804 | $137,257 |
| Commercial & Industrial, US addressed loans - $250k-1MM | 21 | $8,463 | $403,000 |
| Farmland loans - <$1MM | 178 | $26,914 | $151,202 |
| Farmland loans - <$100k | 103 | $4,068 | $39,495 |
| Farmland loans - $100-250k | 38 | $6,663 | $175,342 |
| Farmland loans - $250k-1MM | 37 | $16,183 | $437,378 |
| Agriculture operations loans - <$1MM | 107 | $3,614 | $33,776 |
| Agriculture operations loans - <$100k | 68 | $1,308 | $19,235 |
| Agriculture operations loans - $100-250k | 3 | $536 | $178,667 |
| Agriculture operations loans - $250k-1MM | 36 | $1,770 | $49,167 |