United Mississippi Bank

United Mississippi Bank Locations
75 Melrose Montebello Parkway
Natchez, MS 39120
601-445-7000
www.unitedmsbk.com



United Mississippi Bank is headquartered in Natchez and is the 35th largest bank in the state of Mississippi. It is also the 2,427th largest bank in the nation. It was established in 1973 and as of September of 2011, it had grown to 113 employees at 10 locations. United Mississippi Bank's savings rates are 92% higher than the national average, and it has a 4-star health rating.

Related Posts

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 ...

5.13% Reward Checking Account at United Mississippi Bank - Local Only - 6/8/2009

United Mississippi Bank is offering a high-yield reward checking account called NetChek. The account offers the following rates and features if certain monthly requirements are met:5.13% APY on balances up to $25,0001.01% APY on the portion of the...



See Rates for: Checking | Savings | Money Market

United Mississippi Bank Checking Account Rates

ApyMinMaxProduct
3.51%-$25kNetChek
0.75%$750-Celebrity Checking
0.75%--Celebrity Plus Checking
0.25%--Regular Now Account

United Mississippi Bank Savings Account Rates

ApyMinMaxProduct
1.00%-$2,500Christmas Club
0.50%$100-United Savings
0.50%$25-Junior Savings
0.50%$100-Business United Savings

United Mississippi Bank Money Market Rates

ApyMinMaxProduct
1.00%$250k-Money Market
1.00%$250k-Business Money Market

Rates updated: 2/11/2012

Data for Q3 2011


Institution Statistics


United Mississippi Bank
FDIC Certificate #21083
BankRate ReportView
Year Established1973
Employees113
Primary RegulatorFDIC

Assets and Liabilities

Assets$262.23 million
Loans$181.23 million
Deposits$231.27 million
Equity Capital$29.06 million
Loan Loss Allowance$1.61 million
Unbacked Noncurrent Loans$8.20 million
Real Estate Owned$241,000

Historic Data - September 2010

Assets$238.67 million
Equity Capital$27.23 million
Loan Loss Allowance$1.55 million
Unbacked Noncurrent Loans$1.50 million
Real Estate Owned$532,000

Profit Margin - Quarterly

Net Interest Margin4.08%
Return on Assets1.53%
Return on Equity14.29%
Interest Income$9.37 million

Institution Health


Overall Score:
4 out of 5
4
Texas Ratio3
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 United Mississippi Bank had $8.44 million in non-current loans and owned real-estate with $30.67 million in equity and loan loss allowances on hand to cover it. This gives United Mississippi Bank a Texas Ratio of 27.52% which is average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend2
The Texas Ratio for United Mississippi Bank increased slightly from 7.06% as of September 30, 2010 to 27.52% as of September 30, 2011, resulting in a negative change of 289.81%. This indicates that the balance sheet and financial strength for United Mississippi Bank has declined slightly in recent periods.
Deposit Growth5
In the past year, United Mississippi Bank has increased its total deposits by $21.73 million, resulting in 10.37% 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 $262.23 million in assets with $30.67 million in equity, resulting in a capitalization level of 11.70%, which is above average.
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