5 star ratingAverage User Rating:
5 star rating based on 1 review.

BankFirst Financial Services

BankFirst Financial Services Locations
110 South Jefferson Street
Macon, MS 39341
662-726-5192
www.bankfirstfs.com

BankFirst Financial Services is headquartered in Macon and is the 13st largest bank in the state of Mississippi. It is also the 949th largest bank in the nation. It was established in 1888 and as of September of 2011, it had grown to 146 employees at 14 locations. BankFirst Financial Services has a 4-star health rating.

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2.29% 18-Month CD at BankFirst Financial Services in MS - Local Only - 12/18/2009

BankFirst Financial Services is offering two competitive CD rates: 2.29% APY for 18 months and 2.00% APY for 15 months. Minimum deposit for the 18-month CD is $1,000, and $2,500 for the 15-month CD. There's also an online special 6-month CD with a 1.50%...

3.00% Reward Checking Account at BankFirst Financial Services in Mississippi - 2/17/2009

Update 12/18/09: Top rate has fallen to 3.00% APY.BankFirst Financial Services is offering a reward checking account that pays 3.00% APY on balances up to $50,000 (1.75% for above) and refunds ATM fees nationwide (up to $25 per cycle) if the following...



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See Rates for: Checking | CD

BankFirst Financial Services Checking Account Rates

ApyMinMaxProduct
2.00%-$50kReward Checking

BankFirst Financial Services CD Rates

ApyMinMaxProduct
1.50%$1k-60 Month CD
1.25%$1k-36 Month CD
1.25%$1k-48 Month CD
1.00%$1k-24 Month CD
0.90%$1k-30 Month CD
0.80%$2,500-15 Month CD
0.70%$1k-18 Month CD
0.55%$2,500-12 Month CD
0.50%$2,500-9 Month CD
0.50%$2,500-6 Month Online Special CD
0.35%$2,500-6 Month CD
0.20%$2,500-3 Month CD
0.15%$2,500-1 Month CD

Rates updated: 2/11/2012

Data for Q3 2011


Institution Statistics


BankFirst Financial Services
FDIC Certificate #8870
BankRate ReportView
Year Established1888
Employees146
Primary RegulatorFDIC

Assets and Liabilities

Assets$695.65 million
Loans$520.91 million
Deposits$579.04 million
Equity Capital$64.03 million
Loan Loss Allowance$7.43 million
Unbacked Noncurrent Loans$5.28 million
Real Estate Owned$2.09 million

Historic Data - September 2010

Assets$725.51 million
Equity Capital$54.68 million
Loan Loss Allowance$7.40 million
Unbacked Noncurrent Loans$2.49 million
Real Estate Owned$5.79 million

Profit Margin - Quarterly

Net Interest Margin4.13%
Return on Assets0.94%
Return on Equity11.15%
Interest Income$25.66 million

Institution Health


Overall Score:
4 out of 5
4
Texas Ratio4
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 BankFirst Financial Services had $7.36 million in non-current loans and owned real-estate with $71.46 million in equity and loan loss allowances on hand to cover it. This gives BankFirst Financial Services a Texas Ratio of 10.30% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend4
The Texas Ratio for BankFirst Financial Services decreased slightly from 13.35% as of September 30, 2010 to 10.30% as of September 30, 2011, resulting in a positive change of 22.80%.This indicates that the balance sheet and financial strength for BankFirst Financial Services has improved slightly in recent periods.
Deposit Growth2
In the past year, BankFirst Financial Services has decreased its total deposits by -$28.83 million, resulting in -4.74% 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 BankFirst Financial Services has shown is below average.
Capitalization4
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. BankFirst Financial Services has $695.65 million in assets with $71.46 million in equity, resulting in a capitalization level of 10.27%, which is above average.
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Great People, Great Bank
5 stars - asabernathy - Sunday, October 16, 2011 - 8:24 AM

I have been a customer of Bankfirst for several years. I finally abandoned my old bank completely, closing a business account of 30 years, giving the entirety of my business to Bankfirst. I am regretful at losing a long relationship but they just could not, or would not, get with the program for online banking. Bankfirst has done so, and with great rates in their Reward Checking product. Steve A.

2
 
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