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Great Southern National Bank

Based on 1 review
Great Southern National Bank
Overview / Commentary
218 22nd Avenue South
Meridian, MS 39301

Great Southern National Bank is headquartered in Meridian and is the 35th largest bank in the state of Mississippi. It is also the 2,369th largest bank in the nation. It was established in 1902 and as of March of 2014, it had grown to 150 employees at 14 locations. Great Southern National Bank has a A health rating.

Reviews (1)

Great Southern National Bank In Decatur, Ms Is Awful Every Since They Have A New Loan Officer Don't Go There

The Decatur, Ms branch is awful



Health

Data for Q1 2014

Institution Health

A

Texas Ratio

GRADE:
A+

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 Great Southern National Bank had $1.42 million in non-current loans and owned real-estate with $26.77 million in equity and loan loss allowances on hand to cover it. This gives Great Southern National Bank a Texas Ratio of 5.29% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
A

The Texas Ratio for Great Southern National Bank decreased dramatically from 8.04% as of March 31, 2013 to 5.29% as of March 31, 2014, resulting in a positive change of 34.22%.This indicates that the balance sheet and financial strength for Great Southern National Bank has improved dramatically in recent periods.

Deposit Growth

GRADE:
B+

In the past year, Great Southern National Bank has increased its total deposits by $3 million, resulting in 1.23% 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 Great Southern National Bank has shown is above average.

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. Great Southern National Bank has $272.73 million in assets with $26.77 million in equity, resulting in a capitalization level of 9.82%, which is above average.

Institution Statistics

Overall
FDIC Certificate #8552
Year Established1902
Employees150
Primary RegulatorOCC
Assets and Liabilities
Assets$272.73 million
Loans$112.00 million
Deposits$247.20 million
Equity Capital$25.22 million
Loan Loss Allowance$1.56 million
Unbacked Noncurrent Loans$1.04 million
Real Estate Owned$377,000
Historic Data - March 2013
Assets$272.78 million
Equity Capital$27.05 million
Loan Loss Allowance$1.62 million
Unbacked Noncurrent Loans$1.04 million
Real Estate Owned$1.06 million
Profit Margin - Quarterly
Net Interest Margin4.82%
Return on Assets0.64%
Return on Equity6.92%
Interest Income$3.27 million
Rates

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Locations

Great Southern National Bank has 13 locations. Click to view all Great Southern National Bank locations.