Bancorp South is headquartered in Tupelo and is the 2nd largest bank in the state of Mississippi. It is also the 87th largest bank in the nation. It was established in 1876 and as of September of 2020, it had grown to 4,691 employees at 353 locations. Bancorp South has an A+ health rating.
Excellent option for a hometown bank
Bancorp South is a great bank for a hometown bank. I personally prefer to use a hometown bank since they are easier to access. I can see my banker around town and it makes me feel like my money is safer. Bancorp South has all of the usual options that the larger banks have. They have excellent rates on loans, credit cards, etc. Checking and savings accounts are easy to open and even easier to access when you need money. The main aspect of this bank that would be nice to change a little would be the website. They don't have very much available online like the other banks do. While it is easy to walk into an office, I still like to do some banking online and it would be nice to have this option.
Data as of Q3 2020
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 11813 |
| Year Established | 1876 |
| Employees | 4691 |
| Primary Regulator | FDIC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.96% |
| Return on Equity - YTD | 7.8% |
| Annual Interest Income | $601.3MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q3 2020vs Q3 2019 | $23.56B$19.86B |
| Loans | Q3 2020vs Q3 2019 | $15.40B$14.24B |
| Deposits | Q3 2020vs Q3 2019 | $19.12B$15.84B |
| Equity Capital | Q3 2020vs Q3 2019 | $2.78B$2.49B |
| Loan Loss Allowance | Q3 2020vs Q3 2019 | $250.6MM$116.9MM |
| Unbacked Noncurrent Loans | Q3 2020vs Q3 2019 | $121.2MM$77.4MM |
| Real Estate Owned | Q3 2020vs Q3 2019 | $6.4MM$7.9MM |
