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Overview / Commentary
888-811-7587
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 305th largest bank in the nation. It was established in 1909 and as of December of 2013, it had grown to 750 employees at 60 locations. BankPlus has a B health rating.

Reviews (1)

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!!!!!!!!!!



Health

Data for Q4 2013

Institution Health

B

Texas Ratio

GRADE:
C+

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, 2013 BankPlus had $56.16 million in non-current loans and owned real-estate with $238.06 million in equity and loan loss allowances on hand to cover it. This gives BankPlus a Texas Ratio of 23.59% which is average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
C+

The Texas Ratio for BankPlus experienced no significant changes from 24.24% as of December 31, 2012 to 23.59% as of December 31, 2013, resulting in a positive change of 2.70%.This indicates that the balance sheet and financial strength for BankPlus has had no significant changes in recent periods.

Deposit Growth

GRADE:
A+

In the past year, BankPlus has increased its total deposits by $123.43 million, resulting in 6.98% 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.

Capitalization

GRADE:
B

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 $2.39 billion in assets with $238.06 million in equity, resulting in a capitalization level of 9.98%, which is above average.

Institution Statistics

Overall
FDIC Certificate #5903
Year Established1909
Employees750
Primary RegulatorFDIC
Assets and Liabilities
Assets$2.39 billion
Loans$1.24 billion
Deposits$1.89 billion
Equity Capital$217.06 million
Loan Loss Allowance$21.00 million
Unbacked Noncurrent Loans$18.50 million
Real Estate Owned$37.66 million
Historic Data - December 2012
Assets$2.24 billion
Equity Capital$219.96 million
Loan Loss Allowance$24.00 million
Unbacked Noncurrent Loans$18.50 million
Real Estate Owned$37.71 million
Profit Margin - Quarterly
Net Interest Margin3.51%
Return on Assets0.85%
Return on Equity9.19%
Interest Income$84.69 million
Rates

Always verify rates and promotions with the bank or credit union. We are not BankPlus, we are a rate comparison website and can not provide official rates or promotions.

BankPlus Savings Account Rates

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

BankPlus Money Market Rates

DetailsAPYMINMAXPRODUCT
0.10%$1k-Personal Money Market

BankPlus Checking Account Rates

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

BankPlus CD Rates

DetailsAPYMINMAXPRODUCT
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
Locations

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