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Overview / Commentary
601-445-7011
203 South Commerce Street
Natchez, MS 39120

United Mississippi Bank is headquartered in Natchez and is the 24th largest bank in the state of Mississippi. It is also the 1,764th largest bank in the nation. It was established in 1973 and as of December of 2013, it had grown to 147 employees at 14 locations. United Mississippi Bank's savings rates are 92% higher than the national average, and it has a B health rating.

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Health

Data for Q4 2013

Institution Health

B

Texas Ratio

GRADE:
B

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 United Mississippi Bank had $5.62 million in non-current loans and owned real-estate with $31.59 million in equity and loan loss allowances on hand to cover it. This gives United Mississippi Bank a Texas Ratio of 17.80% which is above 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 United Mississippi Bank increased slightly from 12.78% as of December 31, 2012 to 17.80% as of December 31, 2013, resulting in a negative change of 39.28%. This indicates that the balance sheet and financial strength for United Mississippi Bank has declined slightly in recent periods.

Deposit Growth

GRADE:
A+

In the past year, United Mississippi Bank has increased its total deposits by $83.93 million, resulting in 33.19% 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 United Mississippi Bank has shown is excellent.

Capitalization

GRADE:
C

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. United Mississippi Bank has $371.43 million in assets with $31.59 million in equity, resulting in a capitalization level of 8.50%, which is average.

Institution Statistics

Overall
FDIC Certificate #21083
Year Established1973
Employees147
Primary RegulatorFDIC
Assets and Liabilities
Assets$371.43 million
Loans$239.69 million
Deposits$336.76 million
Equity Capital$30.20 million
Loan Loss Allowance$1.39 million
Unbacked Noncurrent Loans$3.26 million
Real Estate Owned$2.37 million
Historic Data - December 2012
Assets$282.17 million
Equity Capital$27.87 million
Loan Loss Allowance$1.62 million
Unbacked Noncurrent Loans$3.26 million
Real Estate Owned$1.62 million
Profit Margin - Quarterly
Net Interest Margin3.82%
Return on Assets0.78%
Return on Equity8.34%
Interest Income$12.56 million
Rates
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United Mississippi Bank Savings Account Rates

DetailsAPYMINMAXPRODUCT
1.00%-$2,500Christmas Club
0.15%$100-United Savings
0.15%$25-Junior Savings

United Mississippi Bank Money Market Rates

DetailsAPYMINMAXPRODUCT
0.50%$250k-Money Market

United Mississippi Bank Checking Account Rates

DetailsAPYMINMAXPRODUCT
2.00%-$15kNetChek
0.25%$750-Celebrity Checking
0.25%--Celebrity Plus Checking
0.15%--Regular Now Account
0.05%--NetChek
Locations

United Mississippi Bank has 11 locations. Click to view all United Mississippi Bank locations.