Northern Hancock Bank & Trust Co.

Headquarters

226 Washington Street
Newell, WV 26050
See all branch locations →

Notable Rates APY Vs.Others
Savings N.A. 1.00% →
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

Northern Hancock Bank & Trust Co. is an FDIC insured institution located in Newell, WV. It was founded in 1978 and has approximately $0.03 billion in assets.

FDIC Insured Yes
FDIC Certificate # 22647
Date Established 1978
Assets $ 26.70 million
Loans $ 18.80 million
Deposits $ 22.33 million
Capital $ 3.23 million
 

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

Deposit Rates - September 30, 2020

Your Current Location: Connecticut, CT 06828


Loan Rates - September 30, 2020

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for Northern Hancock Bank & Trust Co.

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




Featured - Connecticut Home Equity Line Of Credit Rates 2020

Lender APR (%)? Monthly Payment? Learn More
Third Federal Savings and Loans
Third Federal Savings and Loans
See Table
2.990 %
$0 Learn More
More Info

Note to Northern Hancock Bank & Trust Co.
To upload and update your bank's rates please register. It is free to register and add rates.

Branches

Northern Hancock Bank & Trust Co. 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


Northern Hancock Bank & Trust Co. Locations


Financial Details

Northern Hancock Bank & Trust Co. Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Northern Hancock Bank & Trust Co.. 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
Northern Hancock Bank & Trust Co. U.S. Bank Average
29.83% 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, Northern Hancock Bank & Trust Co. had $583,000 in non-current loans and $449,000 in owned real estate. To cover these potential losses it had $3,230,000 in equity and $230,000 in loans loss reserves. That gives it a Texas Ratio of 29.83%.

Return on Equity
Northern Hancock Bank & Trust Co. U.S. Bank Average
-19.47% 7.80%

Northern Hancock Bank & Trust Co. has a Return on Equity of -19.47% 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
Northern Hancock Bank & Trust Co. U.S. Bank Average
12.1% 12.68%

Northern Hancock Bank & Trust Co. has a Capitalization of 12.1% 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.

Northern Hancock Bank & Trust Co. Balance Sheet Analysis

As of June 30, 2017, Northern Hancock Bank & Trust Co. had assets of $26,112,000, loans of $18,801,000, and deposits of $22,329,000. 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 $ 18.80 million
Loan loss allowance $ 0.23 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 0.45 million
Goodwill and other intangibles N.A.
All other assets N.A.
     Total Assets N.A.
LIABILITIES
Total deposits $ 22.33 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 $ 26.70 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 Northern Hancock Bank & Trust Co.’s loan portfolio are 1-4 Family Residential Loans, Small Business Loans, and Commercial Real Estate.

Compared to other banks in West Virginia, Northern Hancock Bank & Trust Co. has a significantly higher percent of Small Business Loans on its balance sheet, potentially indicating a specialty in that lending area.

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 63.51
Multifamily
Mortgages
0.00
Credit Card Loans 0.00
Consumer Auto Loans 4.72
Small Business Loans 16.38
Construction and Development Loans 0.04
Commercial Real Estate 16.38
Commercial and Industrial Loans 7.07
Farm Loans 0.00

Frequently Asked Questions About Northern Hancock Bank & Trust Co.

Branches and Savings

Is Northern Hancock Bank & Trust Co. FDIC insured?

Yes. It is covered under FDIC Certificate #22647.

Why does Northern Hancock Bank & Trust Co. pay such low interest on savings accounts?

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

Why are Northern Hancock Bank & Trust Co. CD rates not competitive?

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

Is Northern Hancock Bank & Trust Co. a commercial bank?

Yes

Where are Northern Hancock Bank & Trust Co. locations?

See branch locations nearby.

Is Northern Hancock Bank & Trust Co. open on Saturdays?

Is Northern Hancock Bank & Trust Co. open on Sundays?

What time does Northern Hancock Bank & Trust Co. open?

What time does Northern Hancock Bank & Trust Co. close?

Are Northern Hancock Bank & Trust Co. ATMs Open 24/7?

Do Northern Hancock Bank & Trust Co. ATMs accept cash deposits?

Can Northern Hancock Bank & Trust Co. customers use other ATMs?

Do Northern Hancock Bank & Trust Co. branches have notaries?

Will Northern Hancock Bank & Trust Co. notarize my document?

What address for Northern Hancock Bank & Trust Co. should I put for incoming ACH transfers?

Will the Northern Hancock Bank & Trust Co. branch print checks?

Do Northern Hancock Bank & Trust Co. checks expire?

Does Northern Hancock Bank & Trust Co. require US citizenship to open account?

Can Northern Hancock Bank & Trust Co. close my account?

Does Northern Hancock Bank & Trust Co. Report to credit bureaus?

Does Northern Hancock Bank & Trust Co. Use Equifax?

What is Northern Hancock Bank & Trust Co.'s ACH Routing Number?

What is Northern Hancock Bank & Trust Co.'s SWIFT code?

Products

Does Northern Hancock Bank & Trust Co. offer mortgages?

Compare mortgage rates here.

Does Northern Hancock Bank & Trust Co. offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Northern Hancock Bank & Trust Co. offer personal loans?

Compare personal loan rates here.

Does Northern Hancock Bank & Trust Co. offer student loans?

Will Northern Hancock Bank & Trust Co. cash a check?

Will Northern Hancock Bank & Trust Co. redeem a savings bond?

Does Northern Hancock Bank & Trust Co. cash savings bonds?

Will Northern Hancock Bank & Trust Co. cash money orders?

Can Northern Hancock Bank & Trust Co. issue a money order?

Does Northern Hancock Bank & Trust Co. do currency exchange?

Background on The Bank

Who owns Northern Hancock Bank & Trust Co.?

How long has Northern Hancock Bank & Trust Co. been around?

Can Northern Hancock Bank & Trust Co. transfer to other banks?

Does Northern Hancock Bank & Trust Co. have quick pay?

Does Northern Hancock Bank & Trust Co. accept rolled coins?

Will Northern Hancock Bank & Trust Co. accept loose change?

Where is Northern Hancock Bank & Trust Co. headquarters?

Customer Reviews for Northern Hancock Bank & Trust Co.

There are currently no comments for Northern Hancock Bank & Trust Co.. Be the first to share your experience. Please provide comments that will help others.

Add Your Review

Rate it here →