Hancock Holding Company															- Add 10 -
Average Balance and Net Interest Margin Summary
(amounts in thousands)
(unaudited)
			Three Months Ended
			03/31/05					12/31/04					03/31/04
			Interest		Volume		Rate	Interest		Volume		Rate	Interest		Volume		Rate
Average Earning Assets
Commercial & real estate loans (TE)			$22,303		$1,491,008		6.06%	$21,365		$1,439,074		5.91%	$17,925		$1,299,399		5.55%
Mortgage loans			5,697		407,258		5.60%	5,743		408,535		5.62%	5,196		367,320		5.66%
Consumer loans			16,409		877,963		7.58%	16,372		866,354		7.52%	15,816		811,252		7.84%
Loan fees & late charges			1,978		-		0.00%	2,452		-		0.00%	2,163		-		0.00%
Total loans (TE)			46,387		2,776,229		6.76%	45,932		2,713,963		6.74%	41,100		2,477,971		6.66%
US treasury securities			60		11,058		2.20%	(111)		11,439		-3.87%	48		10,118		1.93%
US agency securities			4,285		430,408		3.98%	4,504		426,505		4.22%	3,783		371,647		4.07%
CMOs			2,686		267,037		4.02%	2,658		269,295		3.95%	3,038		319,916		3.80%
Mortgage backed securities			4,547		412,573		4.41%	4,124		387,881		4.25%	3,900		367,585		4.24%
Municipals (TE)			2,871		163,543		7.02%	2,955		165,400		7.15%	3,286		183,969		7.14%
Other securities			672		65,886		4.08%	884		60,008		5.89%	367		34,252		4.29%
Total securities (TE)			15,122		1,350,505		4.48%	15,013		1,320,529		4.55%	14,422		1,287,487		4.48%
Fed funds sold			711		118,503		2.43%	64		12,003		2.13%	153		64,192		0.96%
Cds with banks			49		8,361		2.37%	42		7,514		2.22%	8		5,626		0.54%
Other short-term investments			32		5,718		2.26%	-		-		0.00%	13		5,493		0.97%
Total short-term investments			792		132,582		2.42%	106		19,517		2.16%	174		75,311		0.93%
Average earning assets yield (TE)			$62,302		$4,259,316		5.90%	$61,051		$4,054,009		6.00%	$55,696		$3,840,769		5.82%
Interest-Bearing Liabilities
Interest-bearing transaction deposits			$1,921		$1,332,152		0.58%	$2,040		$1,359,952		0.60%	$2,074		$1,348,113		0.62%
Time deposits			9,360		1,089,367		3.48%	9,009		1,033,974		3.47%	8,168		966,215		3.40%
Public Funds			3,751		711,789		2.14%	2,515		543,584		1.84%	2,198		595,311		1.48%
Total interest bearing deposits			15,032		3,133,308		1.95%	13,564		2,937,510		1.84%	12,440		2,909,639		1.72%
Customer repos			664		214,878		1.25%	723		223,837		1.28%	338		169,830		0.80%
Other borrowings			593		56,595		4.25%	727		75,945		3.81%	692		61,779		4.51%
Total borrowings			1,256		271,473		1.88%	1,450		299,782		1.92%	1,030		231,609		1.79%
Total interest bearing liab cost			$16,289		$3,404,781		1.94%	$15,014		$3,237,291		1.85%	$13,470		$3,141,248		1.72%
Noninterest-bearing deposits					701,144					671,758					622,271
Other net interest-free funding sources					153,391					144,960					77,250
Total Cost of Funds			$16,289		$4,259,316		1.55%	$15,014		$4,054,009		1.47%	$13,470		$3,840,769		1.41%
Net Interest Spread (TE)			$46,013				3.96%	$46,037				4.16%	$42,226				4.10%
Net Interest Margin (TE)			$46,013		$4,259,316		4.35%	$46,037		$4,054,009		4.53%	$42,226		$3,840,769		4.41%