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Northern Hancock Bank & Trust Co.

Northern Hancock Bank & Trust Co.
Overview / Commentary
226 Washington Street
Newell, WV 26050

Northern Hancock Bank & Trust Co. is headquartered in Newell and is the 60th largest bank in the state of West Virginia. It is also the 6,475th largest bank in the nation. It was established in 1978 and as of March of 2014, it had grown to 17 employees at 2 locations. Northern Hancock Bank & Trust Co. has a C health rating.

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Health

Data for Q1 2014

Institution Health

C
Additional Factors: Institutions with a small asset base or a short operating history can represent an instability risk beyond what their financial ratios indicate. Northern Hancock Bank & Trust Co. has a low asset base.

Texas Ratio

GRADE:
C

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 Northern Hancock Bank & Trust Co. had $1.69 million in non-current loans and owned real-estate with $3.72 million in equity and loan loss allowances on hand to cover it. This gives Northern Hancock Bank & Trust Co. a Texas Ratio of 45.38% which is average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
C+

The Texas Ratio for Northern Hancock Bank & Trust Co. experienced no significant changes from 41.45% as of March 31, 2013 to 45.38% as of March 31, 2014, resulting in a negative change of 9.47%. This indicates that the balance sheet and financial strength for Northern Hancock Bank & Trust Co. has had no significant changes in recent periods.

Deposit Growth

GRADE:
D

In the past year, Northern Hancock Bank & Trust Co. has decreased its total deposits by -$2.19 million, resulting in -8.61% 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 Northern Hancock Bank & Trust Co. has shown is below 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. Northern Hancock Bank & Trust Co. has $28.2 million in assets with $3.72 million in equity, resulting in a capitalization level of 13.19%, which is excellent.

Institution Statistics

Overall
FDIC Certificate #22647
Year Established1978
Employees17
Primary RegulatorFDIC
Assets and Liabilities
Assets$28.20 million
Loans$19.91 million
Deposits$23.27 million
Equity Capital$3.40 million
Loan Loss Allowance$323,000
Unbacked Noncurrent Loans$979,000
Real Estate Owned$709,000
Historic Data - March 2013
Assets$30.48 million
Equity Capital$3.47 million
Loan Loss Allowance$390,000
Unbacked Noncurrent Loans$979,000
Real Estate Owned$538,000
Profit Margin - Quarterly
Net Interest Margin7.13%
Return on Assets0.47%
Return on Equity3.87%
Interest Income$501,000
Rates

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Locations


Northern Hancock Bank & Trust Co. Locations
Northern Hancock Bank & Trust Co.226 Washington StreetNewell, WV 26050
Chester Branch715 Carolina AvenueChester, WV 26034