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Overview / Commentary
351 Carolina Avenue
Chester, WV 26034

Hancock County Savings Bank, F.S.B. is headquartered in Chester and is the 12st largest bank in the state of West Virginia. It is also the 1,943rd largest bank in the nation. It was established in 1899 and as of March of 2014, it had grown to 73 employees at 3 locations. Hancock County Savings Bank, F.S.B. has a A health rating.

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Health

Data for Q1 2014

Institution Health

A

Texas Ratio

GRADE:
A+

The Texas Ratio is an indicator of how much capital a bank has available compared to the total value of loans considered at risk. As of March 31, 2014 Hancock County Savings Bank, F.S.B. had $2.95 million in non-current loans and owned real-estate with $58.78 million in equity and loan loss allowances on hand to cover it. This gives Hancock County Savings Bank, F.S.B. a Texas Ratio of 5.01% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
C+

The Texas Ratio for Hancock County Savings Bank, F.S.B. experienced no significant changes from 3.49% as of March 31, 2013 to 5.01% as of March 31, 2014, resulting in a negative change of 43.77%. This indicates that the balance sheet and financial strength for Hancock County Savings Bank, F.S.B. has had no significant changes in recent periods.

Deposit Growth

GRADE:
C+

In the past year, Hancock County Savings Bank, F.S.B. has decreased its total deposits by -$2.76 million, resulting in -1% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Hancock County Savings Bank, F.S.B. has shown is average.

Capitalization

GRADE:
A+

Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Hancock County Savings Bank, F.S.B. has $338.89 million in assets with $58.78 million in equity, resulting in a capitalization level of 17.34%, which is excellent.

Institution Statistics

Overall
FDIC Certificate #29035
Year Established1899
Employees73
Primary RegulatorOCC
Assets and Liabilities
Assets$338.89 million
Loans$255.10 million
Deposits$273.38 million
Equity Capital$54.95 million
Loan Loss Allowance$3.83 million
Unbacked Noncurrent Loans$2.71 million
Real Estate Owned$241,000
Historic Data - March 2013
Assets$330.17 million
Equity Capital$53.10 million
Loan Loss Allowance$3.25 million
Unbacked Noncurrent Loans$2.71 million
Real Estate Owned$427,000
Profit Margin - Quarterly
Net Interest Margin3.39%
Return on Assets0.59%
Return on Equity3.63%
Interest Income$3.10 million
Rates

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Hancock County Savings Bank, F.S.B. Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.05%$25-Passbook Savings
0.05%--Christmas Club Savings
0.05%$25-Statement Savings
0.05%$100-IRA Passbook Account

Hancock County Savings Bank, F.S.B. Money Market Rates

DetailsAPYMINMAXPRODUCT
0.20%$100k-Premium MMDA
0.05%$1k-Money Market Deposit Account

Hancock County Savings Bank, F.S.B. Checking Account Rates

DetailsAPYMINMAXPRODUCT
0.05%$25-NOW Account

Hancock County Savings Bank, F.S.B. CD Rates

DetailsAPYMINMAXPRODUCT
1.00%$500-60 Month CD
0.75%$500-48 Month CD
0.60%$500-36 Month CD
0.50%$500-30 Month CD
0.45%$500-24 Month CD
0.30%$500-18 Month CD
0.25%$500-12 Month CD
0.15%$500-182 Day CD
0.10%$500-91 Day CD

Hancock County Savings Bank, F.S.B. IRA Rates

DetailsAPYMINMAXPRODUCT
1.00%$500-60 Month IRA
0.75%$500-48 Month IRA
0.60%$500-36 Month IRA
0.50%$500-30 Month IRA
0.45%$500-24 Month IRA
0.30%$500-18 Month IRA
0.25%$500-12 Month IRA
0.15%$500-182 Day IRA
0.10%$500-91 Day IRA
Locations


Hancock County Savings Bank, F.S.B. Locations
Ridge Ave Branch1200 Ridge AvenueNew Cumberland, WV 26047
Hancock County Savings Bank, F.S.B.351 Carolina AvenueChester, WV 26034
375 Three Springs Drive Branch375 Three Springs DriveWeirton, WV 26062