1 star ratingAverage User Rating:
1 star rating based on 3 reviews.

Renasant Bank

Renasant Bank Locations
209 Troy Street
Tupelo, MS 38801
800-680-1601
www.renasantbank.com



Renasant Bank is headquartered in Tupelo and is the 4th largest bank in the state of Mississippi. It is also the 189th largest bank in the nation. It was established in 1904 and as of September of 2011, it had grown to 1,005 employees at 74 locations. Renasant Bank has a 3-star health rating.

Related Posts

3.51% Reward Checking Account at Renasant Bank - 6/22/2008

Update 6/27/09: The yield has fallen to 3.51% APY. Refer to the bottom of the post for the rate history.Renasant Bank is offering a reward checking account that pays 3.51% APY on balances up to $25,000 and refunds ATM fees if the following monthly...




Renasant Bank Checking Account Rates

ApyMinMaxProduct
1.26%-$25kOn-line Rewards Checking

Rates updated: 2/10/2012

Data for Q3 2011


Institution Statistics


Renasant Bank
FDIC Certificate #12437
BankRate ReportView
Year Established1904
Employees1005
Primary RegulatorFDIC

Assets and Liabilities

Assets$4.13 billion
Loans$2.54 billion
Deposits$3.35 billion
Equity Capital$551.96 million
Loan Loss Allowance$48.53 million
Unbacked Noncurrent Loans$145.69 million
Real Estate Owned$116.68 million

Historic Data - September 2010

Assets$4.28 billion
Equity Capital$526.03 million
Loan Loss Allowance$45.13 million
Unbacked Noncurrent Loans$65.59 million
Real Estate Owned$112.14 million

Profit Margin - Quarterly

Net Interest Margin3.8%
Return on Assets0.66%
Return on Equity5.27%
Interest Income$132.11 million

Institution Health


Overall Score:
3 out of 5
3
Texas Ratio2
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 Renasant Bank had $262.36 million in non-current loans and owned real-estate with $600.49 million in equity and loan loss allowances on hand to cover it. This gives Renasant Bank a Texas Ratio of 43.69% which is below average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend3
The Texas Ratio for Renasant Bank held steady from 42.87% as of September 30, 2010 to 43.69% as of September 30, 2011, resulting in a negative change of 1.91%. This indicates that the balance sheet and financial strength for Renasant Bank has held steady in recent periods.
Deposit Growth2
In the past year, Renasant Bank has decreased its total deposits by -$125.1 million, resulting in -3.6% 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 Renasant Bank has shown is below average.
Capitalization5
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. Renasant Bank has $4.13 billion in assets with $600.49 million in equity, resulting in a capitalization level of 14.54%, which is excellent.
Write Review

This Is The Worst Bank I Have Ever Been Associated With!
1 stars - hudson - Sunday, October 16, 2011 - 1:41 PM

The bank officers will try to sell you a bag of worms is you let them, I have a credit score of over 750 and they tried to sell me a subprime loan.  They have lost two of my deposits, thank god I kept the paper work.  If you bank there run and run fast.

3

Terrible Bank To Deal With
1 stars - bonniem33 - Saturday, September 17, 2011 - 2:48 PM

Where do I start. I have been treated terrible I own 3 businesses and they have managed to screw up every account I have changing banks asap. My advise to you stay away. Don't use a bank because they are have a convenient location.

3

Worst Bank And Service I Have Ever Had! Beware Of Thieves
1 stars - SenatorW - Wednesday, January 11, 2012 - 1:17 PM

Many screws up come to mind, but I'll state the two worst ones.  I brought in some money to deposit, the clerk counted it wrong, shorted me about 30$.  At first I didn't notice it, until my friend who was with me, watched her count it, said "I must have counted wrong because I counted 750$, but the attendant said it was 720$."  I stopped and said "It was 750$, I counted it before I left home."  The person with me didn't have prior knowledge to the amount.  So shame on me for not paying more attention.  Ever since then I have been extra careful and caught other screws up like this.  It is never the reverse where they give you too much money back, it is always them stealing yours instead.

 

This second issue though is unforgivable.  I tried to purchase a graphics tablet online for 600$.  The payment was blocked by the bank.  Next day I go to buy Christmas gifts, and my debit card has been disabled.  I had over 2000$ in the account though.  So after being humiliated, unable to buy christmas gifts, and being unable to reach my bank by phone(they took the week and weekend off, must be nice), I suffered through what should have been a good holiday.  Finally when the emlpoyees returned, a very rude woman named Kay answered(would not give me her last name) and griped and groaned at me for trying to make a 600$ purchase from a website they didn't trust.  Another week went by before I got my new debit card.  The graphics tablet though has now went up 300$ in value.  And because of that I have removed my funds and moved to another bank.  They refused to fix their screw up.  Lastly, it turns out the website and purchase were legit, as my best friend bought the same tablet, from the same site.  My advice?  Go somewhere where they treat their customers like they are important.

1