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Overview / Commentary
202 Jackson Street
Belzoni, MS 39038

BankPlus is headquartered in Belzoni and is the 5th largest bank in the state of Mississippi. It is also the 296th largest bank in the nation. It was established in 1909 and as of March of 2014, it had grown to 754 employees at 60 locations. BankPlus has a B health rating.

Reviews (2)

Good enough for free!

Bankplus offers a free checking account with no monthly fees. I have my paycheck deposited there and it shows up on time every time. Their phone-based customer service has been very good, however the customer service I have received in store has been just so-so.

I had to get a replacement debit card because my card was charged with fraudulent charges. To do this I went to the bank, they gave me my replacement. Half-way home I realized the card had somebody else's name on it and I had to go back.

Overall, I've had a positive service from Bankplus, just watch out for their overdraft fees. If you overdraft, they will charge you an overdraft fee for every time you use the card that day, not just for the time that caused the overdraft.

Comment On Bankplus In Poplarville, MS

Great bank with outstanding people at Bankplus in Poplarville, MS. I've been with this bank for over 30 years and have never had a problem. Since I am out of state, all my banking is done over the telephone and I am always satisfied with the outcome. I like calling the bank and talking to someone I know personally, that will take care of my banking needs. Small town bank with big time customer satisfaction. The President of the bank, Wayne Alexander, is a very good friend of mine and has always been very professional and forthright. I will continue to do business with this bank and strongly recommend them to everyone. Good home town bank with outstanding customer service!!!!!!!!!!


Data for Q1 2014

Institution Health


Texas Ratio


The Texas Ratio is an indicator of how much capital a bank has available compared to the total value of loans considered at risk. As of March 31, 2014 BankPlus had $54.45 million in non-current loans and owned real-estate with $243.81 million in equity and loan loss allowances on hand to cover it. This gives BankPlus a Texas Ratio of 22.33% 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 decreased slightly from 25.68% as of March 31, 2013 to 22.33% as of March 31, 2014, resulting in a positive change of 13.05%.This indicates that the balance sheet and financial strength for BankPlus has improved slightly in recent periods.

Deposit Growth


In the past year, BankPlus has increased its total deposits by $73.5 million, resulting in 3.83% 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 excellent.



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 $2.48 billion in assets with $243.81 million in equity, resulting in a capitalization level of 9.83%, which is above average.

Institution Statistics

FDIC Certificate #5903
Year Established1909
Primary RegulatorFDIC
Assets and Liabilities
Assets$2.48 billion
Loans$1.24 billion
Deposits$1.99 billion
Equity Capital$223.54 million
Loan Loss Allowance$20.27 million
Unbacked Noncurrent Loans$16.94 million
Real Estate Owned$37.51 million
Historic Data - March 2013
Assets$2.38 billion
Equity Capital$221.51 million
Loan Loss Allowance$23.00 million
Unbacked Noncurrent Loans$16.94 million
Real Estate Owned$38.84 million
Profit Margin - Quarterly
Net Interest Margin3.41%
Return on Assets0.79%
Return on Equity8.78%
Interest Income$20.99 million

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BankPlus Savings Account Rates

0.05%--Christmas Club Savings
0.05%$100-Personal Savings

BankPlus Money Market Rates

0.10%$1k-Personal Money Market

BankPlus Checking Account Rates

0.15%$1m-InvestmentPlus Checking
0.05%$1k-InterestPlus Checking
0.05%--PrimePlus Club

BankPlus CD Rates

1.00%$1k-5 Year CD
0.75%$1k-4 Year CD
0.65%$1k-3 Year CD
0.50%$1k-2 Year CD
0.25%$1k-1 Year CD
0.10%$1k-90 Day CD
0.10%$1k-180 Day CD
0.05%$1k-7 Day CD
0.05%$1k-30 Day CD

BankPlus has 59 locations. Click to view all BankPlus locations.