BankPlus

BankPlus is headquartered in Belzoni and is the 5^th largest bank in the state of Mississippi. It is also the 318^st largest bank in the nation. It was established in 1909 and as of December of 2011, it had grown to 757 employees at 62 locations. BankPlus has a 3-star health rating.

BankPlus Checking Account Rates

BankPlus Savings Account Rates

BankPlus Money Market Rates

BankPlus CD Rates

Data for Q4 2011

Institution Statistics BankPlus FDIC Certificate # 5903 BankRate Report View Year Established 1909 Employees 757 Primary Regulator FDIC Assets and Liabilities Assets $2.18 billion Loans $1.29 billion Deposits $1.70 billion Equity Capital $212.00 million Loan Loss Allowance $27.50 million Unbacked Noncurrent Loans $25.65 million Real Estate Owned $28.67 million Historic Data - December 2010 Assets $2.23 billion Equity Capital $203.04 million Loan Loss Allowance $29.00 million Unbacked Noncurrent Loans $25.43 million Real Estate Owned $19.59 million Profit Margin - Quarterly Net Interest Margin 4.51% Return on Assets 0.86% Return on Equity 9.18% Interest Income $102.13 million

Institution Health Overall Score: 3 out of 5 Texas Ratio 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 December 31, 2011 BankPlus had $54.32 million in non-current loans and owned real-estate with $239.5 million in equity and loan loss allowances on hand to cover it. This gives BankPlus a Texas Ratio of 22.68% which is average. Any bank with a Texas Ratio near or greater than 100% is considered at risk. Texas Ratio Trend The Texas Ratio for BankPlus held steady from 19.16% as of December 31, 2010 to 22.68% as of December 31, 2011, resulting in a negative change of 18.37%. This indicates that the balance sheet and financial strength for BankPlus has held steady in recent periods. Deposit Growth In the past year, BankPlus has decreased its total deposits by -$17.36 million, resulting in -1.01% 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 BankPlus has shown is below average. Capitalization 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. BankPlus has $2.18 billion in assets with $239.5 million in equity, resulting in a capitalization level of 11.00%, which is above average.

No reviews have been left for this bank yet. Be the first to review.