Hancock Bank of Alabama

Headquarters

127 Dauphin Street
Mobile, AL 36602
See all branch locations →

Notable Rates APY Vs.Others
Savings N.A. 1.05% →
1-Year CD N.A. 0.95% →
2-Year CD N.A. 1.05% →
5-Year CD N.A. 1.30% →
30-Year Mortgage N.A. 2.80% →
15-Year Mortgage N.A. 2.37% →
HELOC N.A. 2.79% →

2020 Overview

General Bank Information

Hancock Bank of Alabama is an FDIC insured institution located in Mobile, AL. It was founded in 2007 and has approximately $0.2 billion in assets.

FDIC Insured Yes
FDIC Certificate # 58510
Date Established 2007
Assets $ 199.06 million
Loans $ 171.03 million
Deposits $ 165.94 million
Capital $ 31.33 million
 

For a more detailed analysis of Hancock Bank of Alabama's financial condition and a description of what these numbers mean, please visit the Financial Details section.

Deposit Rates - September 21, 2020

Your Current Location: Connecticut, CT 06828


Loan Rates - September 21, 2020

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for Hancock Bank of Alabama

Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:




Featured - Connecticut 30 Year Fixed Mortgage Rates 2020

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3.872% 3.750% 1.00 $3,750 $1,158 Learn More
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2.815% 2.750% 0.88 $2,118 $1,021 Learn More

Featured - Connecticut Home Equity Line Of Credit Rates 2020

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Note to Hancock Bank of Alabama
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Branches

Hancock Bank of Alabama branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.

Your Location:
Fairfield,Connecticut


Hancock Bank of Alabama Locations


Financial Details

Hancock Bank of Alabama Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Hancock Bank of Alabama. The data is provided by the FDIC. All banks listed on BestCashCow.com are FDIC-insured. No depositor has ever lost deposits that have been within the FDIC insurance limits.

Texas Ratio
Hancock Bank of Alabama U.S. Bank Average
7.78% 6.94%

The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its tangible common equity and its loan loss reserves. A lower Texas ratio indicates better coverage of problem loans. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a bank has to absorb its loan losses.

As of March 31, 2020, Hancock Bank of Alabama had $1,780,000 in non-current loans and $1,054,000 in owned real estate. To cover these potential losses it had $31,329,000 in equity and $5,117,000 in loans loss reserves. That gives it a Texas Ratio of 7.78%.

Return on Equity
Hancock Bank of Alabama U.S. Bank Average
0.08% 7.80%

Hancock Bank of Alabama has a Return on Equity of 0.08% versus the BestCashCow average of 7.80%. Return on equity measures how efficiently a bank is making money from its capital. A bank with a consistently high ROE can be considered well run. A bank with a consistently low ROE can be considered poorly run.

Capitalization
Hancock Bank of Alabama U.S. Bank Average
15.74% 12.68%

Hancock Bank of Alabama has a Capitalization of 15.74% versus the BestCashCow average of 12.68. Capitalization measures how much equity capital a bank has to underpin loans and other assets on its balance sheet. The higher the capitalization number the more secure a bank is considered.

Hancock Bank of Alabama Balance Sheet Analysis

As of March 31, 2011, Hancock Bank of Alabama had assets of $199,060,000, loans of $171,027,000, and deposits of $165,944,000. Long-term increases in deposits shows a bank's ability to raise funds to grow its loans and assets. Loan and asset growth may rise or fall depending on a bank's strategy for growth. Sharp rises and falls in assets, deposits, and loans can be problematic, indicating a loosening of lending standards, or financial distress leading to reduced lending. A big change in these figured can also be from a bank acquisition or merger.

Summary Balance Sheet

March 31, 2020
ASSETS
Cash & Balances due from depository institutions N.A.
Interest-bearing balances N.A.
Total securities N.A.
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 171.03 million
Loan loss allowance $ 5.12 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 1.05 million
Goodwill and other intangibles N.A.
All other assets N.A.
     Total Assets N.A.
LIABILITIES
Total deposits $ 165.94 million
      Interest-bearing deposits N.A.
      Deposits held in domestic offices N.A.
      % insured (estimated) 0.00%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds N.A.
Subordinated debt N.A.
All other liabilities N.A.
      Total Liabilities N.A.
      Shareholders’ Equity $ 199.06 million

Summary Income Statement

March 31, 2020
INCOME AND EXPENSES
Total Interest Income N.A.
Total Interest Expense N.A.
Net interest income N.A.
Provision for loan and lease losses N.A.
Total non interest income N.A.
Total non interest expense N.A.
Pre-tax Net Operating Income N.A.

Bank Loan Profile?

The top three loan types in Hancock Bank of Alabama’s loan portfolio are 1-4 Family Residential Loans, Multifamily Mortgages, and Credit Card Loans.

Compared to other banks, Hancock Bank of Alabama’s loan portfolio does not show any specific loan specialty.

Note: Percentages may not sum to 100% due to rounding and double categorization of some loan types. All data from the FDIC. Additional information about this table.

%
Loans
%
Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 0.00
Multifamily
Mortgages
0.00
Credit Card Loans 0.00
Consumer Auto Loans 0.00
Small Business Loans 0.00
Construction and Development Loans 0.00
Commercial Real Estate 0.00
Commercial and Industrial Loans 0.00
Farm Loans 0.00

Frequently Asked Questions About Hancock Bank Of Alabama

Branches and Savings

Is Hancock Bank Of Alabama FDIC insured?

Yes. It is covered under FDIC Certificate #58510.

Why does Hancock Bank Of Alabama pay such low interest on savings accounts?

See the best online savings rates here. See the best local savings rates here.

Why are Hancock Bank Of Alabama CD rates not competitive?

See the best online CD rates here. See the best local CD rates here.

Is Hancock Bank Of Alabama a commercial bank?

Yes

Where are Hancock Bank Of Alabama locations?

See branch locations nearby.

Is Hancock Bank Of Alabama open on Saturdays?

Is Hancock Bank Of Alabama open on Sundays?

What time does Hancock Bank Of Alabama open?

What time does Hancock Bank Of Alabama close?

Are Hancock Bank Of Alabama ATMs Open 24/7?

Do Hancock Bank Of Alabama ATMs accept cash deposits?

Can Hancock Bank Of Alabama customers use other ATMs?

Do Hancock Bank Of Alabama branches have notaries?

Will Hancock Bank Of Alabama notarize my document?

What address for Hancock Bank Of Alabama should I put for incoming ACH transfers?

Will the Hancock Bank Of Alabama branch print checks?

Do Hancock Bank Of Alabama checks expire?

Does Hancock Bank Of Alabama require US citizenship to open account?

Can Hancock Bank Of Alabama close my account?

Does Hancock Bank Of Alabama Report to credit bureaus?

Does Hancock Bank Of Alabama Use Equifax?

What is Hancock Bank Of Alabama's ACH Routing Number?

What is Hancock Bank Of Alabama's SWIFT code?

Products

Does Hancock Bank Of Alabama offer mortgages?

Compare mortgage rates here.

Does Hancock Bank Of Alabama offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Hancock Bank Of Alabama offer personal loans?

Compare personal loan rates here.

Does Hancock Bank Of Alabama offer student loans?

Will Hancock Bank Of Alabama cash a check?

Will Hancock Bank Of Alabama redeem a savings bond?

Does Hancock Bank Of Alabama cash savings bonds?

Will Hancock Bank Of Alabama cash money orders?

Can Hancock Bank Of Alabama issue a money order?

Does Hancock Bank Of Alabama do currency exchange?

Background on The Bank

Who owns Hancock Bank Of Alabama?

How long has Hancock Bank Of Alabama been around?

Can Hancock Bank Of Alabama transfer to other banks?

Does Hancock Bank Of Alabama have quick pay?

Does Hancock Bank Of Alabama accept rolled coins?

Will Hancock Bank Of Alabama accept loose change?

Where is Hancock Bank Of Alabama headquarters?

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