Hancock Bank in Gulfport, Mississippi (MS), FL, AL
| Hancock Bank | |
|---|---|
| General | FDIC Certificate #: 12441 Status: Active Federal Reserve ID: 463735 Bank Holding Company (Regulatory Top Holder): Hancock Holding Company (RSSDID: 1086533, Location: Gulfport, MS) Date Established: October 09, 1899 WWW: http://www.hancockbank.com Trust Powers Granted: Yes Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 87 (Domestic: 87, Interstate: Yes) OTS Docket #: 11602 FDIC's unique #: 7921 Numeric code: 21 Regulator: FDIC Insurance Fund Membership: Deposit Insurance Fund (DIF) Insured commercial Banks: Yes FDIC Insured: Yes Deposit Insurance Fund member: Yes Ownership Type: Non-Stock FFIEC Call Report 31 Filer: No State Chartered: Yes Subchapter S Corporations: No Asset Concentration Hierarchy: Commercial Lending Specialization Date of Deposit Insurance: January 01, 1934 Last Structure Change Effective Date: June 06, 2011 Last Structure Change Process Date: June 14, 2011 Last Data Update: June 14, 2011 Data Source Date: April 05, 2012 |
| Location | Address: 1 Hancock Plaza, Gulfport, MS 39501 County: Harrison Quarterly Banking Profile Region: Dallas FDIC Geographic Region: Dallas FDIC Supervisory Region: Dallas FDIC Field Office: Jackson Ms Office of the Comptroller the Currency (OCC) District: Southwest Office of Thrift Supervision Region: West Metropolitan Statistical Area (MSA): Biloxi-Gulfport-Pascagoula, MS (#920) Combined Statistical Area (CSA): Gulfport-Biloxi-Pascagoula, MS (#274) Core Based Statistical Area (CBSA): Gulfport-Biloxi, MS (#25060) CBSA Metro Statistical Area: Gulfport-Biloxi, MS (#25060) |
| History of Changes | Office Purchased |
| Financial Summary | Total assets: $4,988.4 mil Equity capital: $424.6 mil Deposits held in domestic offices: $4,121.5 mil Return on assets (ROA): 0.78% ($38.9 mil) Quarterly return on assets: 1.02% ($50.9 mil) Return on Equity (ROE): 9.54% ($40.5 mil) Quarterly return on equity: 12.13% ($51.6 mil) Net income: $41.3 mil Quarterly Net income: $12.9 mil Pretax return on assets: 0.96% ($47,888.6 mil) Quarterly Pretax return on assets: 1.21% ($60,359.5 mil) |
| Assets and Liabilities (December 31, 2011) (Dollar figures in thousands) | |
| Total employees (full-time equivalent) | 1,729 |
| Total assets | $4,988,392 |
| Cash and due from depository institutions | $175,676 |
| Interest-bearing balances | $85,193 |
| Securities | $1,117,037 |
| Federal funds sold & reverse repurchase agreements | $197 |
| Net loans & leases | $2,914,152 |
| Loan loss allowance | $90,768 |
| Trading account assets | $2,203 |
| Bank premises and fixed assets | $198,607 |
| Other real estate owned | $59,280 |
| Goodwill and other intangibles | $37,801 |
| All other assets | $483,439 |
| Life insurance assets | $4,988,392 |
| Total liabilities and capital | $4,563,764 |
| Total liabilities | $4,121,482 |
| Total deposits | $3,227,515 |
| Interest-bearing deposits | $4,121,482 |
| Deposits held in domestic offices | $69 |
| % insured (estimated) | 357908.00% |
| Federal funds purchased & repurchase agreements | $2,203 |
| Trading liabilities | $0 |
| Other borrowed funds | $0 |
| Subordinated debt | $82,171 |
| All other liabilities | $424,628 |
| Total equity capital | $424,628 |
| Total bank equity capital | $424,628 |
| Perpetual preferred stock | $0 |
| Common stock | $11,866 |
| Surplus | $291,167 |
| Undivided profits | $121,595 |
| Memoranda | |
| Noncurrent loans and leases | $0 |
| Noncurrent loans that are wholly or partially guaranteed by the U.S. government | $13,660 |
| Income earned, not collected on loans | $82,891 |
| Earning assets | $0 |
| Long-term assets (5+ years) | $16,135 |
| Average Assets, year-to-date | $4,116,579 |
| Average Assets, quarterly | $1,394,750 |
| Volatile liabilities | $5,290,778 |
| Insider loans | $5,053,565 |
| FHLB advances | $3,075,900 |
| Loans and leases held for sale | $4,880,269 |
| Unused loan commitments | $107,067 |
| Tier 1 (core) risk-based capital | $80,132 |
| Tier 2 risk-based capital | $397,900 |
| Total risk weighted assets | $26,935 |
| Total unused commitments | $0 |
| Restructured Loans and leases | $561,018 |
| Derivatives | $31,576 |
| Income and Expense (December 31, 2011) (Dollar figures in thousands) | |
| Total interest income | $206,729 |
| Total interest expense | $38,477 |
| Net interest income | $168,252 |
| Provision for loan and lease losses | $20,269 |
| Total noninterest income | $121,008 |
| Fiduciary activities | $11,417 |
| Service charges on deposit accounts | $22,288 |
| Trading account gains & fees | $0 |
| Additional noninterest income | $87,303 |
| Total noninterest expense | $218,400 |
| Salaries and employee benefits | $121,759 |
| Premises and equipment expense | $25,116 |
| Additional noninterest expense | $71,525 |
| Pre-tax net operating income | $50,591 |
| Securities gains (losses) | -$51 |
| Applicable income taxes | $9,230 |
| Income before extraordinary items | $41,310 |
| Extraordinary gains - net | $0 |
| Net income attributable to bank | $41,310 |
| Net charge-offs | $0 |
| Cash dividends | $41,310 |
| Sale, conversion, retirement of capital stock, net | $30,996 |
| Net operating income | $59,050 |
| Performance and Condition Ratios (December 31, 2011) (Dollar figures in thousands) | |
| Performance Ratios (%, annualized) | |
| Yield on earning assets | 4.70% |
| Cost of funding earning assets | 0.88% |
| Net interest margin | 3.83% |
| Noninterest income to earning assets | 2.75% |
| Noninterest expense to earning assets | 4.97% |
| Net operating income to assets | 0.78% |
| Return on assets (ROA) | 0.78% |
| Pretax return on assets | 0.96% |
| Return on equity (ROE) | 9.54% |
| Retained earnings to average equity (YTD only) | -4.10% |
| Net charge-offs to loans | 1.05% |
| Credit loss provision to net charge-offs | 65.39% |
| Efficiency ratio | 2.29% |
| Assets per employee | $74,884 |
| Cash dividends to net income (YTD only) | 2.89% |
| Condition Ratios (%) | |
| Loss allowance to loans | 142.94% |
| Loss allowance to noncurrent loans | 3.02% |
| Noncurrent assets plus other real estate owned to assets | 109.50% |
| Noncurrent loans to loans | 2.85% |
| Net loans and leases to deposits | 2.76% |
| Net loans and leases to core deposits | 70.71% |
| Equity capital to assets | 74.35% |
| Core capital (leverage) ratio | 8.51% |
| Tier 1 risk-based capital ratio | 8.15% |
| Total risk-based capital ratio | 12.94% |
| Memoranda | |
| Average assets | $14 |
| Average earning assets | $5,290,778 |
| Average equity | $432,808 |
| Average loans | $4,396,097 |
| Total Fiduciary and Related Assets (December 31, 2011) (Dollar figures in thousands) | |
| Total fiduciary and related assets | $1 |
| Number of Fiduciary Accounts and Related Asset Accounts | 1 |
| Fiduciary powers granted | Yes |
| Fiduciary or related activity | Yes |
| Managed Assets | $4,670,367 |
| Number of Accounts | 1 |
| Personal trust and agency accounts | $2,378,973 |
| Employee benefit-defined contribution accounts | $348,535 |
| Employee benefit-defined benefit accounts | $41,447 |
| Other retirement accounts | $112,082 |
| Corporate trust and agency accounts | $59,351 |
| Investment management agency accounts | $0 |
| Other fiduciary accounts | $1,779,304 |
| Fiduciary accounts held in foreign offices | $38,254 |
| Non-managed Assets | $0 |
| Number of Accounts | 1177 |
| Personal trust and agency accounts | $0 |
| Employee benefit-defined contribution accounts | $56,939 |
| Employee benefit-defined benefit accounts | $297,133 |
| Other retirement accounts | $2,291,394 |
| Corporate trust and agency accounts | $2 |
| Other fiduciary accounts | $203,174 |
| Fiduciary accounts held in foreign offices | $3,998 |
| 2 Alabama Branches as of April 05, 2012 | ||||||
| No | ID | Name | Address | Established | Service Type | Map |
|---|---|---|---|---|---|---|
| 129 | 470587 | Eastern Shore Branch | 30723 State Highway 181, Daphne, AL 36526 | January 23, 2008 | Full Service Brick and Mortar |  |
| 130 | 473733 | Cottage Hill Branch | 2110 Demetropolis Road, Mobile, AL 36693 | March 04, 2008 | Full Service Brick and Mortar | |
| 31 Florida Branches as of April 05, 2012 | ||||||
| No | ID | Name | Address | Established | Service Type | Map |
|---|---|---|---|---|---|---|
| 79 | 45001 | Peoples First Community Branch | 2305 Hwy 77, Panama City, FL 32405 | July 21, 1983 | Full Service Brick and Mortar | |
| 80 | 287067 | 607 South Tyndall Parkway Branch | 607 South Tyndall Parkway, Panama City, FL 32404 | June 30, 1985 | Full Service Brick and Mortar | |
| 81 | 287068 | 1001 State Road 434 Branch | 909 State Road 434, Altamonte Springs, FL 32714 | June 30, 1986 | Full Service Brick and Mortar | |
| 82 | 287069 | 9001 Hwy 98 Branch | 9001 Front Beach Road, Panama City Beach, FL 32407 | June 30, 1988 | Full Service Brick and Mortar | |
| 83 | 287070 | 1199 Eglin Parkway Branch | 1199 Eglin Parkway, Shalimar, FL 32579 | June 30, 1989 | Full Service Brick and Mortar | |
| 84 | 287071 | Marianna Branch | 2900 North Jefferson Street, Marianna, FL 32446 | June 22, 1992 | Full Service Brick and Mortar | |
| 85 | 287072 | Destin Branch | 14075 Emerald Coast Parkway, Destin, FL 32541 | December 14, 1992 | Full Service Brick and Mortar | |
| 88 | 287076 | Kerry Forest Pkwy Branch | 2920 Kerry Forest Parkway, Tallahassee, FL 32317 | August 02, 1993 | Full Service Brick and Mortar | |
| 89 | 287077 | Hunt Club Branch | 514 S. Hunt Club Boulevard, Apopka, FL 32703 | November 04, 1993 | Full Service Brick and Mortar | |
| 91 | 287079 | Ponte Vedra Branch | 110 A1a North, Ponte Vedra Beach, FL 32082 | April 18, 1994 | Full Service Brick and Mortar | |
| 92 | 287080 | Ohio Avenue Branch | 1302 Ohio Avenue, Lynn Haven, FL 32444 | June 26, 1995 | Full Service Brick and Mortar | |
| 93 | 287081 | Capital Circle Branch | 2105 Capital Circle, Tallahassee, FL 32308 | November 07, 1994 | Full Service Brick and Mortar | |
| 94 | 287082 | Niceville Branch | 1003 - A John Simms Parkway, Niceville, FL 32578 | April 17, 1998 | Full Service Brick and Mortar | |
| 95 | 287083 | Palm Coast Branch | 300 Palm Coast Parkway Northeast, Palm Coast, FL 32137 | May 18, 1998 | Full Service Brick and Mortar | |
| 96 | 287085 | Harrison Avenue Branch | 1038 Harrison Avenue, Panama City, FL 32401 | Febuary 02, 1998 | Full Service Brick and Mortar | |
| 97 | 287086 | Pensacola Branch | 940 Creighton Road, Pensacola, FL 32504 | April 07, 1998 | Full Service Brick and Mortar | |
| 100 | 359144 | Gulf Breeze Branch | 1387 Shoreline Dr, Gulf Breeze, FL 32561 | December 07, 1999 | Full Service Brick and Mortar | |
| 101 | 363509 | Casselberry Branch | 1229 East State Road 436, Casselberry, FL 32707 | July 31, 2001 | Full Service Brick and Mortar | |
| 102 | 363510 | Corporate Financial Branch | 1002 West 23rd Street, Panama City, FL 32405 | July 31, 2001 | Full Service Brick and Mortar | |
| 105 | 363526 | Orange City Branch | 920 Saxon Blvd., Orange City, FL 32763 | Febuary 04, 2002 | Full Service Brick and Mortar | |
| 106 | 363527 | Pace Branch | 4952 Highway 90, Pace, FL 32571 | July 31, 2001 | Full Service Brick and Mortar | |
| 109 | 445574 | Clermont Branch | 2580 East Highway 50, Clermont, FL 34711 | May 03, 2004 | Full Service Brick and Mortar | |
| 110 | 445575 | Point Meadow Way Branch | 8195 Point Meadow Way, Jacksonville, FL 32256 | July 12, 2004 | Full Service Brick and Mortar | |
| 112 | 492482 | Mahan Branch | 2453 Mahan Drive, Tallahassee, FL 32308 | October 04, 2007 | Full Service Brick and Mortar | |
| 113 | 426578 | Hancock Bank Of Florida Branch | 101 North Monroe Street, Tallahassee, FL 32301 | March 12, 2004 | Full Service Brick and Mortar | |
| 116 | 281155 | Northside Branch | 2437 North Monroe Street, Tallahassee, FL 32302 | November 26, 1952 | Full Service Brick and Mortar | |
| 117 | 260270 | Southside Branch | 2613 South Monroe Street, Tallahassee, FL 32301 | Febuary 23, 1994 | Full Service Brick and Mortar | |
| 121 | 510741 | Hancock Center Motor Bank Branch | 1022 West 23rd St, Panama City, FL 32405 | June 17, 2010 | Limited Service Facility | |
| 123 | 511958 | Kernan Branch | 3475 Kernan Blvd South, Jacksonville, FL 32224 | December 18, 2009 | Full Service Brick and Mortar | |
| 124 | 512425 | Edgewater Branch | 11701 Panama City Beach Parkway, Panama City, FL 32407 | August 30, 2010 | Full Service Brick and Mortar | |
| 126 | 513840 | Gateway Center Branch | 1000 Legion Place, Suite 100, Orlando, FL 32801 | October 11, 2010 | Full Service Brick and Mortar | |
| 48 Mississippi Branches as of April 05, 2012 | ||||||
| No | ID | Name | Address | Established | Service Type | Map |
|---|---|---|---|---|---|---|
| 0 | 7921 | Hancock Bank | 1 Hancock Plaza, Gulfport, MS 39501 | October 09, 1899 | Full Service Brick and Mortar |  |
| 1 | 227130 | Bay St Louis Main Branch | 100 South Beach Boulevard, Bay St. Louis, MS 39520 | August 27, 1938 | Full Service Brick and Mortar | |
| 2 | 227131 | Stennis Satellite Branch | Nasa Administration Building, Hancock County, MS 39501 | November 12, 1963 | Full Service Brick and Mortar | |
| 3 | 227132 | Northeast Branch | 1402 Pass Road, Gulfport, MS 39501 | May 24, 1955 | Full Service Brick and Mortar | |
| 4 | 227133 | Long Beach Branch | 101 Jeff Davis Avenue, Long Beach, MS 39560 | May 19, 1955 | Full Service Brick and Mortar | |
| 6 | 227135 | Pass Christian Branch | 265 East Scenic Boulevard, Pass Christian, MS 39571 | January 01, 1929 | Full Service Brick and Mortar | |
| 7 | 227136 | Downtown Drive-In Branch | 1430 25th Avenue, Gulfport, MS 39501 | December 30, 1966 | Limited Service Facility | |
| 8 | 227137 | Seabee Branch | Naval Construction Battalion Center, Harrison County, MS 39501 | October 26, 1967 | Full Service Brick and Mortar | |
| 10 | 227139 | Norwood Village Branch | 12100 Highway 49 North, Gulfport, MS 39503 | June 09, 1969 | Full Service Brick and Mortar | |
| 12 | 7291 | Poplarville Branch | 602 South Main Street, Poplarville, MS 39470 | January 03, 1914 | Full Service Brick and Mortar | |
| 14 | 224619 | Picayune West Canal Branch | 600 West Canal Street, Picayune, MS 39466 | Febuary 23, 1963 | Full Service Brick and Mortar | |
| 15 | 224620 | Picayune Northside Branch | 2400 Highway 11 North, Picayune, MS 39466 | June 28, 1973 | Full Service Brick and Mortar | |
| 16 | 227141 | Bay 90 Branch | 601 Highway 90, Bay St. Louis, MS 39520 | June 28, 1976 | Full Service Brick and Mortar | |
| 17 | 227142 | Picayune Southside Branch | 229 Highway 43 South, Picayune, MS 39466 | September 21, 1979 | Full Service Brick and Mortar | |
| 18 | 227143 | Diamondhead Branch | 4401 Kalani Drive, Diamondhead, MS 39525 | December 06, 1979 | Full Service Brick and Mortar | |
| 19 | 227144 | Pineville Road Branch | 5101 Beatline Road, Long Beach, MS 39560 | June 24, 1982 | Full Service Brick and Mortar | |
| 21 | 227146 | Lyman Branch | 16100 Highway 53, Gulfport, MS 39503 | July 29, 1985 | Full Service Brick and Mortar | |
| 22 | 10156 | Moss Point Main Branch | 5025 Main Street, Moss Point, MS 39563 | March 14, 1907 | Full Service Brick and Mortar | |
| 24 | 235934 | Ocean Springs Main Branch | 901 Washington Avenue, Ocean Springs, MS 39564 | Febuary 10, 1954 | Full Service Brick and Mortar | |
| 25 | 235935 | Pascagoula Main Branch | 3207 Magnolia Street, Pascagoula, MS 39567 | March 14, 1907 | Full Service Brick and Mortar | |
| 26 | 235936 | Pascagoula East Branch | 3939 Denny Avenue, Pascagoula, MS 39567 | October 14, 1964 | Full Service Brick and Mortar | |
| 27 | 235937 | Market Street Branch | 1969 Market Street, Pascagoula, MS 39567 | January 20, 1956 | Full Service Brick and Mortar | |
| 28 | 235938 | St. Martin Branch | 15309 Lemoyne Boulevard, Biloxi, MS 39532 | June 17, 1968 | Full Service Brick and Mortar | |
| 29 | 235939 | Doctors Plaza Branch | 4211 Hospital Street, Pascagoula, MS 39567 | November 15, 1973 | Full Service Brick and Mortar | |
| 32 | 235942 | Escatawpa Branch | 7716 Highway 613, Escatawpa, MS 39552 | April 30, 1973 | Full Service Brick and Mortar | |
| 34 | 227148 | Courthouse Road Branch | 533 Courthouse Road, Gulfport, MS 39507 | October 01, 1987 | Full Service Brick and Mortar | |
| 35 | 227149 | Vancleave Branch | 10909 Highway 57, Vancleave, MS 39565 | October 07, 1987 | Full Service Brick and Mortar | |
| 38 | 227152 | Popps Ferry Branch | 2369 Pass Road, Biloxi, MS 39531 | January 26, 1989 | Full Service Brick and Mortar | |
| 41 | 206218 | Gautier Branch | 2020 Highway 90, Gautier, MS 39553 | January 07, 1971 | Full Service Brick and Mortar | |
| 44 | 253705 | Diberville Branch | 10335 Diberville Boulevard, Diberville, MS 39532 | July 15, 1977 | Full Service Brick and Mortar | |
| 47 | 249727 | East Ocean Springs Branch | 2699 Bienville Boulevard, Ocean Springs, MS 39564 | December 01, 1984 | Full Service Brick and Mortar | |
| 55 | 227155 | Dedeaux Road Branch | 14165 Dedeaux Road, Gulfport, MS 39507 | January 18, 1995 | Full Service Brick and Mortar | |
| 56 | 227156 | Kiln Branch | 16230 Hancock Plaza, Ste A, Bay Saint Louis, MS 39520 | October 19, 1995 | Full Service Brick and Mortar | |
| 61 | 360753 | Saucier Branch | 18447 Highway 49, Saucier, MS 39574 | July 03, 2000 | Full Service Brick and Mortar | |
| 63 | 224603 | Sumrall Branch | 201 Highway 42 East, Sumrall, MS 39482 | April 02, 1935 | Full Service Brick and Mortar | |
| 64 | 224604 | Hattiesburg Hwy 98 Branch | 6052 Highway 98 West, Hattiesburg, MS 39401 | September 06, 1989 | Full Service Brick and Mortar | |
| 65 | 44692 | Prentiss Branch | 965 South Columbia Avenue, Prentiss, MS 39474 | January 01, 1973 | Full Service Brick and Mortar | |
| 66 | 286225 | Purvis Branch | 4 Highway 589, Purvis, MS 39475 | January 01, 1955 | Full Service Brick and Mortar | |
| 68 | 224606 | Petal Branch | 535 Highway 42, Petal, MS 39465 | May 15, 1996 | Full Service Brick and Mortar | |
| 69 | 334341 | Hattiesburg Usm University Branch | 3101 Hardy Street, Hattiesburg, MS 39401 | March 20, 2000 | Full Service Brick and Mortar | |
| 70 | 357438 | Hattiesburg Lincoln Road Branch | 2007 Lincoln Road, Hattiesburg, MS 39402 | December 06, 1999 | Full Service Brick and Mortar | |
| 72 | 363064 | Cowan Road Branch | 1014 Cowan Road, Gulfport, MS 39507 | January 14, 2002 | Full Service Brick and Mortar | |
| 73 | 440522 | Cedar Lake Branch | 926 Cedar Lake Road, Biloxi, MS 39532 | May 24, 2005 | Full Service Brick and Mortar | |
| 74 | 442545 | Crossroads Branch | 10496 Hwy 49, Gulfport, MS 39503 | June 08, 2002 | Full Service Brick and Mortar | |
| 77 | 477415 | Waveland Branch | 529 Highway 90, Waveland, MS 39576 | June 13, 2008 | Full Service Brick and Mortar | |
| 78 | 486002 | Biloxi Main Branch | 888 Howard Avenue, Biloxi, MS 39530 | Febuary 02, 2009 | Full Service Brick and Mortar | |
| 120 | 508428 | North Diberville Branch | 3200 Lakeview Town Square Shopping Center, Suite E3, Diberville, MS 39540 | April 26, 2010 | Full Service Brick and Mortar | |
| 125 | 513428 | U. S. Naval Home Branch | 1800 Beach Boulevard, Gulfport, MS 39507 | October 04, 2010 | Full Service Brick and Mortar | |
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