Bancorp South

Bancorp South Locations
One Mississippi Plaza
Tupelo, MS 38801
1-888-797-7711
www.bancorpsouthonline.com

Bancorp South is headquartered in Tupelo and is the largest bank in the state of Mississippi. It is also the 89th largest bank in the nation. It was established in 1876 and as of September of 2011, it had grown to 4,259 employees at 274 locations. Bancorp South has a 4-star health rating.

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Competitive CD Specials at BancorpSouth in a Few Southern States - 6/7/2010

BancorpSouth is advertising three fairly competitive special CD rates. These include a 3.00% APY 59-month CD, a 2.50% APY 39-month CD and a 2.00% APY 23-month CD. A checking account is required. Mini ...

Reward Checking and a High-Yield Savings Account at BancorpSouth in Several Southern States - 3/11/2010

BancorpSouth Bank continues to offer a high-yield reward checking account called Performance Checking. I first reported on this account in May 2008. The rates have fallen a bit, but it remains compet ...

3.00% Reward Checking Account at Bancorp South - 5/11/2008

Update 10/24/09: The top rate has fallen to 3.00% APY. Refer to the bottom of the post for the rate history.Bancorp South is offering a reward checking account called New Performance Checking that pays 3.00% APY on balances up to $30,000 (0.25% for...



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Bancorp South Checking Account Rates

ApyMinMaxProduct
0.25%†$30k-Performance Checking

Rates updated: 2/10/2012

Data for Q3 2011


Institution Statistics


BancorpSouth Bank
FDIC Certificate #11813
BankRate ReportView
Year Established1876
Employees4259
Primary RegulatorFDIC

Assets and Liabilities

Assets$13.20 billion
Loans$8.96 billion
Deposits$10.97 billion
Equity Capital$1.40 billion
Loan Loss Allowance$199.69 million
Unbacked Noncurrent Loans$314.69 million
Real Estate Owned$162.69 million

Historic Data - September 2010

Assets$13.58 billion
Equity Capital$1.36 billion
Loan Loss Allowance$205.08 million
Unbacked Noncurrent Loans$353.31 million
Real Estate Owned$82.65 million

Profit Margin - Quarterly

Net Interest Margin3.75%
Return on Assets0.32%
Return on Equity3.18%
Interest Income$411.41 million

Institution Health


Overall Score:
4 out of 5
4
Texas Ratio3
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 September 30, 2011 Bancorp South had $477.38 million in non-current loans and owned real-estate with $1.6 billion in equity and loan loss allowances on hand to cover it. This gives Bancorp South a Texas Ratio of 29.88% which is average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend3
The Texas Ratio for Bancorp South held steady from 27.78% as of September 30, 2010 to 29.88% as of September 30, 2011, resulting in a negative change of 7.55%. This indicates that the balance sheet and financial strength for Bancorp South has held steady in recent periods.
Deposit Growth3
In the past year, Bancorp South has decreased its total deposits by -$97.39 million, resulting in -0.88% 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 Bancorp South has shown is average.
Capitalization5
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. Bancorp South has $13.2 billion in assets with $1.6 billion in equity, resulting in a capitalization level of 12.11%, which is excellent.
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