Hancock Holding Company
Average Balance and Net Interest Margin Summary
(amounts in thousands)
(unaudited)
			Three Months Ended
			06/30/05					03/31/05					06/30/04
			Interest		Volume		Rate	Interest		Volume		Rate	Interest		Volume		Rate
Average Earning Assets
Commercial & real estate loans (TE)			$23,775		$1,523,348		6.26%	$22,303		$1,491,008		6.06%	$18,611		$1,352,432		5.53%
Mortgage loans			5,886		417,307		5.64%	5,697		407,258		5.60%	5,590		391,270		5.71%
Consumer loans			17,018		894,852		7.63%	16,409		877,963		7.58%	15,650		820,208		7.67%
Loan fees & late charges			2,348		-		0.00%	1,978		-		0.00%	2,413		-		0.00%
Total loans (TE)			49,028		2,835,506		6.93%	46,387		2,776,229		6.76%	42,263		2,563,910		6.62%
US treasury securities			61		11,076		2.20%	60		11,058		2.20%	115		11,056		4.17%
US agency securities			4,977		484,119		4.11%	4,285		430,408		3.98%	4,711		455,212		4.14%
CMOs			2,608		262,799		3.97%	2,686		267,037		4.02%	3,004		311,844		3.85%
Mortgage backed securities			5,170		468,239		4.42%	4,547		412,573		4.41%	4,294		403,969		4.25%
Municipals (TE)			2,841		162,467		6.99%	2,871		163,543		7.02%	3,101		174,213		7.12%
Other securities			785		60,853		5.16%	672		65,886		4.08%	564		48,406		4.66%
Total securities (TE)			16,441		1,449,554		4.54%	15,122		1,350,505		4.48%	15,788		1,404,701		4.50%
Fed funds sold			283		39,055		2.91%	711		118,503		2.43%	53		21,573		0.98%
Cds with banks			15		8,205		0.74%	49		8,361		2.37%	11		7,956		0.57%
Other short-term investments			-		-		0.00%	32		5,718		2.26%	-		-		0.00%
Total short-term investments			299		47,260		2.53%	792		132,582		2.42%	64		29,530		0.87%
Average earning assets yield (TE)			$65,767		$4,332,320		6.08%	$62,302		$4,259,316		5.90%	$58,115		$3,998,141		5.83%
													-1E-10
Interest-Bearing Liabilities
Interest-bearing transaction deposits			$2,129		$1,319,606		0.65%	$1,921		$1,332,152		0.58%	$2,011		$1,362,105		0.59%
Time deposits			9,570		1,116,973		3.44%	9,360		1,089,367		3.48%	8,908		1,039,876		3.45%
Public Funds			4,408		683,665		2.59%	3,751		711,789		2.14%	2,315		602,405		1.55%
Total interest bearing deposits			16,106		3,120,245		2.07%	15,032		3,133,308		1.95%	13,234		3,004,385		1.77%
Customer repos			1,095		231,456		1.90%	664		214,878		1.25%	316		175,142		0.73%
Other borrowings			759		73,181		4.16%	593		56,595		4.25%	668		67,952		3.96%
Total borrowings			1,854		304,637		2.44%	1,256		271,473		1.88%	985		243,094		1.63%
Total interest bearing liab cost			$17,961		$3,424,882		2.10%	$16,289		$3,404,781		1.94%	$14,218		$3,247,479		1.76%
Noninterest-bearing deposits					730,570					701,144					651,324
Other net interest-free funding sources					176,868					153,391					99,338
Total Cost of Funds			$17,961		$4,332,320		1.66%	$16,289		$4,259,316		1.55%	$14,218		$3,998,141		1.43%
Net Interest Spread (TE)			$47,807				3.98%	$46,013				3.96%	$43,897				4.07%
Net Interest Margin (TE)			$47,807		$4,332,320		4.42%	$46,013		$4,259,316		4.35%	$43,897		$3,998,141		4.40%
Hancock Holding Company
Average Balance and Net Interest Margin Summary
(amounts in thousands)
(unaudited)
								Six Months Ended
								6/30/2005					6/30/2004
								Interest		Volume		Rate	Interest		Volume		Rate
Average Earning Assets
Commercial & real estate loans (TE)								$46,078		$1,507,267		6.16%	$36,536		$1,325,916		5.54%
Mortgage loans								11,583		412,310		5.62%	10,786		379,295		5.69%
Consumer loans								33,427		886,454		7.60%	31,466		815,730		7.76%
Loan fees & late charges								4,327		-		0.00%	4,576		-		0.00%
Total loans (TE)								95,415		2,806,031		6.85%	83,363		2,520,941		6.64%
US treasury securities								121		11,067		2.20%	163		10,587		3.10%
US agency securities								9,262		457,412		4.05%	8,494		413,430		4.11%
CMOs								5,294		264,906		4.00%	6,042		315,880		3.83%
Mortgage backed securities								9,717		440,560		4.41%	8,194		385,777		4.25%
Municipals (TE)								5,712		163,002		7.01%	6,386		179,091		7.13%
Other securities								1,456		63,356		4.60%	931		41,329		4.51%
Total securities (TE)								31,563		1,400,303		4.51%	30,210		1,346,094		4.49%
Fed funds sold								995		78,559		2.55%	206		42,883		0.96%
Cds with banks								64		8,283		1.56%	19		6,791		0.56%
Other short-term investments								32		2,843		2.26%	13		2,747		0.97%
Total short-term investments								1,091		89,685		2.45%	238		52,420		0.91%
Average earning assets yield (TE)								$128,069		$4,296,020		5.99%	$113,811		$3,919,455		5.83%
Interest-Bearing Liabilities
Interest-bearing transaction deposits								$9,983		$1,854,959		1.09%	$7,695		$1,816,176		0.85%
Time deposits								21,156		1,271,782		3.35%	17,978		1,140,836		3.17%
Total interest bearing deposits								31,139		3,126,740		2.01%	25,673		2,957,012		1.75%
Customer repos								1,759		223,213		1.59%	654		172,486		0.76%
Other borrowings								1,352		64,934		4.20%	1,361		64,865		4.22%
Total borrowings								3,111		288,147		2.18%	2,015		237,351		1.71%
Total interest bearing liab cost								$34,249		$3,414,887		2.02%	$27,688		$3,194,364		1.74%
Noninterest-bearing deposits										715,938					636,798
Other net interest-free funding sources										165,194					88,294
Total Cost of Funds								$34,249		$4,296,020		1.61%	$27,688		$3,919,455		1.42%
Net Interest Spread (TE)								$93,820				3.97%	$86,123				4.08%
Net Interest Margin (TE)								$93,820		$4,296,020		4.39%	$86,123		$3,919,455