Bank of Hancock County Sparta Community and Financial Institution

The Bank of Hancock County Sparta is a community-focused financial institution that has been serving the Sparta community for years. It's a great place to bank, with friendly staff and a wide range of financial services.

Located in the heart of Sparta, the Bank of Hancock County Sparta is a staple of the local business community. Its commitment to community development and financial inclusion makes it a trusted partner for residents and entrepreneurs alike.

The bank's commitment to community development is evident in its efforts to support local businesses and initiatives. By providing financial resources and expertise, the Bank of Hancock County Sparta helps to foster economic growth and stability in the area.

Bank of Hancock County's financial landscape is substantial, with total assets of $83,418k. This scale and market presence are reflected in its network of 1 domestic offices.

The bank's financial structure and stability can be understood through its total liabilities of $71,253k and total equity capital of $12,165k. This breakdown provides valuable insights into the bank's financial health.

A key operational metric is total deposits, which stand at $71,133k. This figure is crucial in understanding the bank's ability to raise funds and grow its loans and assets.

Bank of Hancock County's Return on Equity is 2.6%, which is lower than the U.S. Bank Average of 10.02%. This indicates that the bank may not be as efficient in making money from its capital.

The bank's Capitalization is 16.73%, which is higher than the U.S. Bank Average of 11.29%. This suggests that Bank of Hancock County has a more secure balance sheet.

Here is a summary of the bank's key financial metrics:

You can regain access to your online banking privileges by using the Advanced Login Authentication system. This system ensures your information security by verifying your identity through an automated voice telephone call or a mobile phone SMS text message.

The system requires you to enter your Login ID and click the “Validate” link, which will display a list of registered phone numbers and SMS validation options. You'll then select whether you prefer a voice phone call or a mobile phone SMS text message.

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You'll receive a one-time code to enter when you receive your text or phone call, and then you'll be prompted to enter a User ID and the ALA validation code. If the system suspects any issues with your information, you'll be presented with challenge questions.

The system recognizes your information, and you'll be provided with the same password you had set up inside the system at enrollment.

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Bank of Hancock County's financial details reveal a lot about its stability and performance. The bank's total assets stand at $83,418k, with a significant portion of that being total liabilities at $71,253k.

The bank's equity capital is $12,165k, which is a crucial indicator of its financial health. The Tier 1 Risk-Based Capital Ratio is 0, indicating that the bank has sufficient capital to cover potential losses.

The Return on Equity (ROE) is 2.6%, which is lower than the average of 10.02% for U.S. banks. This suggests that the bank may need to improve its efficiency in generating profits from its equity.

The Capitalization of the bank is 16.73%, which is higher than the average of 11.29% for U.S. banks. This indicates that the bank has a strong capital base to support its loans and assets.

Here's a comparison of Bank of Hancock County's financial metrics with the U.S. bank average:

This comparison highlights the bank's lower ROE and higher capitalization compared to the U.S. bank average. The Texas Ratio is also lower, indicating better coverage of problem loans.

The bank's loan portfolio consists of 1-4 Family Residential Loans, Commercial and Industrial Loans, and Consumer Auto Loans, with Consumer Auto Loans making up 11.71% of the total loans. This is significantly higher than the average for other banks in Georgia, suggesting a specialty in this lending area.

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The Bank of Hancock County in Sparta has a long history, dating back to 1884 when it was founded by a group of local businessmen.

With over 135 years of experience, the bank has established a strong reputation in the community.

The bank's leadership is committed to providing personalized service to its customers, with a focus on building long-term relationships.

The bank's commitment to the community is evident in its numerous charitable donations and sponsorships.

The Bank of Hancock County in Sparta has a strong presence in the local economy, with a network of branches and ATMs serving the area.

The bank's online banking platform allows customers to manage their accounts and conduct transactions from the comfort of their own homes.

The bank's customer service team is available to assist customers with any questions or concerns they may have.

The Bank of Hancock County in Sparta is a member of the FDIC, which provides an added layer of security for depositors.

The bank's financial stability is a testament to its sound management practices and commitment to conservative banking methods.

The Bank of Hancock County in Sparta is deeply rooted in the community it serves.

The bank has been a staple in the area for over 140 years, providing financial services to generations of families and businesses.

With a strong commitment to local involvement, the bank has supported various community events and initiatives, fostering a sense of unity among residents.

The bank's leadership team is comprised of local individuals who understand the unique needs of the community.

The bank's employees are active participants in local organizations, contributing to the community's growth and development.

The bank's community involvement has earned it a reputation as a trusted and caring financial partner.