United Mississippi Bank

United Mississippi Bank Locations
203 South Commerce Street
Natchez, MS 39120
601-445-7011
www.unitedmsbk.com

FDIC

United Mississippi Bank is headquartered in Natchez and is the 31st largest bank in the state of Mississippi. It is also the 2,293rd largest bank in the nation. It was established in 1973 and as of December of 2012, it had grown to 116 employees at 10 locations. United Mississippi Bank's savings rates are 92% higher than the national average, and it boasts a 5-star health rating.

Related Posts

United Mississippi Bank Lowers Rate And Cap (3.51%APY,$25K) To (2.51%APY, $15K) (Forum) - 9/18/2012

Changes were effective Monday 9/17.  The new rate and cap are reflected on the bank's website.  Note to Ken:  DA is reflecting the new rate/APY but not the new cap. 

United Mississippi Bank Dropped (Netchek) Reward Checking Rate... (Forum) - 2/10/2011

from (5.13%, $25K) to (3.51%, $25K). Another loss of the 5% club member (now only three left; with $20K - $25K).

United Mississippi Bank Drops Rate On Netchek Account From 5.13% To 3.51% APY (Forum) - 2/10/2011

UMB has dropped its rate on the NetChek account.  As of today, the rates are as follows: • Qualifying Annual Percentage Yield of 3.51% (down from 5.13% APY) with a rate of 3.45% paid on balances up to $25,000.99. • 0.50% Ann

The Best Reward Checking Accounts for Large Balances - 2/9/2011

It's getting harder to find reward checking accounts that offer the top rate for balances over $25K. However, there continues to be a few banks and credit unions that offer top rates on balances up to ...

2009




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See Rates for: Checking | Savings | Money Market

United Mississippi Bank Checking Account Rates

ApyMinMaxProduct
2.51%-$15kNetChek
0.25%$750-Celebrity Checking
0.25%--Celebrity Plus Checking
0.15%--Regular Now Account

United Mississippi Bank Savings Account Rates

ApyMinMaxProduct
1.00%-$2,500Christmas Club
0.25%$100-United Savings
0.25%$25-Junior Savings
0.25%$100-Business United Savings

United Mississippi Bank Money Market Rates

ApyMinMaxProduct
0.50%$250k-Money Market
0.50%$250k-Business Money Market

Rates updated: 5/18/2013

Data for Q4 2012


Institution Statistics


United Mississippi Bank
OTS #12014
FDIC Certificate #21083
BankRate ReportView
Year Established1973
Employees116
Primary RegulatorFDIC

Assets and Liabilities

Assets$282.17 million
Loans$181.87 million
Deposits$252.83 million
Equity Capital$27.87 million
Loan Loss Allowance$1.62 million
Unbacked Noncurrent Loans$2.15 million
Real Estate Owned$1.62 million

Historic Data - December 2011

Assets$269.36 million
Equity Capital$28.13 million
Loan Loss Allowance$1.73 million
Unbacked Noncurrent Loans$4.17 million
Real Estate Owned$1.40 million

Profit Margin - Quarterly

Net Interest Margin3.83%
Return on Assets1.06%
Return on Equity10.22%
Interest Income$12.16 million

Institution Health


Overall Score:
5 out of 5
5
Texas Ratio4
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, 2012 United Mississippi Bank had $3.77 million in non-current loans and owned real-estate with $29.49 million in equity and loan loss allowances on hand to cover it. This gives United Mississippi Bank a Texas Ratio of 12.78% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend4
The Texas Ratio for United Mississippi Bank decreased slightly from 18.67% as of December 31, 2011 to 12.78% as of December 31, 2012, resulting in a positive change of 31.53%.This indicates that the balance sheet and financial strength for United Mississippi Bank has improved slightly in recent periods.
Deposit Growth5
In the past year, United Mississippi Bank has increased its total deposits by $13.89 million, resulting in 5.81% 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.
Capitalization4
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 $282.17 million in assets with $29.49 million in equity, resulting in a capitalization level of 10.45%, which is above average.
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