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Overview / Commentary
228-563-6508
1 Hancock Plaza
Gulfport, MS 39501

Whitney Bank (MS) is headquartered in Gulfport and is the largest bank in the state of Mississippi. It is also the 69th largest bank in the nation. It was established in 1899 and as of March of 2014, it had grown to 3,972 employees at 215 locations. Whitney Bank (MS) has a A+ health rating.

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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 Whitney Bank (MS) had $219.4 million in non-current loans and owned real-estate with $2.56 billion in equity and loan loss allowances on hand to cover it. This gives Whitney Bank (MS) a Texas Ratio of 8.57% 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 Whitney Bank (MS) decreased dramatically from 27.50% as of March 31, 2013 to 8.57% as of March 31, 2014, resulting in a positive change of 68.85%.This indicates that the balance sheet and financial strength for Whitney Bank (MS) has improved dramatically in recent periods.

Deposit Growth

GRADE:
A+

In the past year, Whitney Bank (MS) has increased its total deposits by $10.14 billion, resulting in 194.54% 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 Whitney Bank (MS) has shown is excellent.

Capitalization

GRADE:
A+

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. Whitney Bank (MS) has $18.89 billion in assets with $2.56 billion in equity, resulting in a capitalization level of 13.56%, which is excellent.

Institution Statistics

Overall
FDIC Certificate #12441
Year Established1899
Employees3972
Primary RegulatorFDIC
Assets and Liabilities
Assets$18.89 billion
Loans$12.42 billion
Deposits$15.36 billion
Equity Capital$2.43 billion
Loan Loss Allowance$128.25 million
Unbacked Noncurrent Loans$174.06 million
Real Estate Owned$45.34 million
Historic Data - March 2013
Assets$6.47 billion
Equity Capital$692.44 million
Loan Loss Allowance$97.10 million
Unbacked Noncurrent Loans$174.06 million
Real Estate Owned$15.87 million
Profit Margin - Quarterly
Net Interest Margin3.99%
Return on Assets1.09%
Return on Equity8.71%
Interest Income$174.69 million
Rates

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Locations

Whitney Bank (MS) has 114 locations. Click to view all Whitney Bank (MS) locations.