Northern Hancock Bank & Trust Co.

Northern Hancock Bank & Trust Co. is headquartered in Newell and is the 62^nd largest bank in the state of West Virginia. It is also the 6,871^st largest bank in the nation. It was established in 1978 and as of March of 2012, it had grown to 17 employees at 2 locations. Northern Hancock Bank & Trust Co. has a 3-star health rating.

Data for Q1 2012

Institution Statistics Northern Hancock Bank & Trust Co. FDIC Certificate # 22647 BankRate Report View Year Established 1978 Employees 17 Primary Regulator FDIC Assets and Liabilities Assets $32.91 million Loans $24.29 million Deposits $27.93 million Equity Capital $3.43 million Loan Loss Allowance $350,000 Unbacked Noncurrent Loans $606,000 Real Estate Owned $628,000 Historic Data - March 2011 Assets $32.00 million Equity Capital $3.41 million Loan Loss Allowance $378,000 Unbacked Noncurrent Loans $597,000 Real Estate Owned $367,000 Profit Margin - Quarterly Net Interest Margin 8.14% Return on Assets 1.51% Return on Equity 14.26% Interest Income $638,000

Institution Health Overall Score: 3 out of 5 Texas Ratio The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of March 31, 2012 Northern Hancock Bank & Trust Co. had $1.23 million in non-current loans and owned real-estate with $3.78 million in equity and loan loss allowances on hand to cover it. This gives Northern Hancock Bank & Trust Co. a Texas Ratio of 32.67% which is below average. Any bank with a Texas Ratio near or greater than 100% is considered at risk. Texas Ratio Trend The Texas Ratio for Northern Hancock Bank & Trust Co. increased slightly from 25.47% as of March 31, 2011 to 32.67% as of March 31, 2012, resulting in a negative change of 28.28%. This indicates that the balance sheet and financial strength for Northern Hancock Bank & Trust Co. has declined slightly in recent periods. Deposit Growth In the past year, Northern Hancock Bank & Trust Co. has increased its total deposits by $1.42 million, resulting in 5.35% 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 excellent. Capitalization 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 $32.91 million in assets with $3.78 million in equity, resulting in a capitalization level of 11.48%, which is above average.

No reviews have been left for this bank yet. Be the first to review.