Hancock Bank of Florida
101 North Monroe Street
Tallahassee, FL 32301
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2020 Overview
General Bank Information
Hancock Bank of Florida is an FDIC insured institution located in Tallahassee, FL. It was founded in 2004 and has approximately $0.36 billion in assets.
| FDIC Insured | Yes |
| FDIC Certificate | # 57819 |
| Date Established | 2004 |
| Assets | $ 355.23 million |
| Loans | $ 227.76 million |
| Deposits | $ 297.65 million |
| Capital | $ 52.75 million |
For a more detailed analysis of Hancock Bank of Florida'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 Florida
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
| Lender | APR | Rate (%) | Points | Fees | Monthly Payment |
Learn More |
|---|---|---|---|---|---|---|
NMLS ID: 3030 |
3.872% | 3.750% | 1.00 | $3,750 | $1,158 | Learn More |
NMLS ID: 2890 License#: 13256 |
2.815% | 2.750% | 0.88 | $2,122 | $1,021 | Learn More |
Featured - Connecticut Home Equity Line Of Credit Rates 2020
| Lender | APR (%)? | Monthly Payment? | Learn More |
|---|---|---|---|
Third Federal Savings and Loans See Table |
2.990 %
|
$0 |
Learn More
More Info |
People's United Bank, N.A. See Table |
4.000 %
|
$0 |
Learn More
More Info |
Note to Hancock Bank of Florida
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Branches
Hancock Bank of Florida 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 Florida Locations
Financial Details
Hancock Bank of Florida Ratio Analysis
The following ratios and data are available to help you better understand the financial condition of Hancock Bank of Florida. 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 Florida | U.S. Bank Average |
|---|---|
| 12.07% | 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 Florida had $7,077,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $52,752,000 in equity and $5,868,000 in loans loss reserves. That gives it a Texas Ratio of 12.07%.
Return on Equity
| Hancock Bank of Florida | U.S. Bank Average |
|---|---|
| -1.39% | 7.80% |
Hancock Bank of Florida has a Return on Equity of -1.39% 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 Florida | U.S. Bank Average |
|---|---|
| 14.85% | 12.68% |
Hancock Bank of Florida has a Capitalization of 14.85% 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 Florida Balance Sheet Analysis
As of November 30, -0001, Hancock Bank of Florida had assets of $355,231,000, loans of $227,763,000, and deposits of $297,649,000. 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 | $ 227.76 million |
| Loan loss allowance | $ 5.87 million |
| Trading account assets | N.A. |
| Bank premises and fixed assets | N.A. |
| Other real estate owned | N.A. |
| Goodwill and other intangibles | N.A. |
| All other assets | N.A. |
| Total Assets | N.A. |
| LIABILITIES | |
|---|---|
| Total deposits | $ 297.65 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 | $ 355.23 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 Florida’s loan portfolio are 1-4 Family Residential Loans, Multifamily Mortgages, and Credit Card Loans.
Compared to other banks, Hancock Bank of Florida’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 Florida
Branches and Savings
Is Hancock Bank Of Florida FDIC insured?
Yes. It is covered under FDIC Certificate #57819.
Why does Hancock Bank Of Florida 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 Florida CD rates not competitive?
See the best online CD rates here. See the best local CD rates here.
Is Hancock Bank Of Florida a commercial bank?
Yes
Is Hancock Bank Of Florida open on Saturdays?
Is Hancock Bank Of Florida open on Sundays?
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Are Hancock Bank Of Florida ATMs Open 24/7?
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Will Hancock Bank Of Florida notarize my document?
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Will the Hancock Bank Of Florida branch print checks?
Do Hancock Bank Of Florida checks expire?
Does Hancock Bank Of Florida require US citizenship to open account?
Can Hancock Bank Of Florida close my account?
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Products
Does Hancock Bank Of Florida offer home equity lines of credit and home equity loans?
Compare home equity lines of credit rates here.
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