Genesis Bank


Overview / Commentary
662-742-3342
202 Main St
Benoit, MS 38725

Genesis Bank is headquartered in BENOIT and is the 58th largest bank in the state of Mississippi. It is also the 4,026th largest bank in the nation. It was established in 1904 and as of March of 2025, it had grown to 18 employees at 1 location. Genesis Bank's CD rates are 4X the national average, and it has a B+ health rating.

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Health
B+
Additional Factors: Institutions with a small asset base, a short operating history, or negative return on equity can represent an instability risk beyond what their financial ratios indicate. Genesis Bank has a relatively low asset base.

Health Grade Components

Overall
FDIC Certificate #15817
Year Established1904
Employees18
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.51%
Return on Equity - YTD2.7%
Annual Interest Income$1.2MM
Assets and Liabilities
AssetsQ1 2025vs Q1 2024$75.4MM$59.8MM
LoansQ1 2025vs Q1 2024$51.9MM$36.4MM
DepositsQ1 2025vs Q1 2024$60.8MM$45.6MM
Equity CapitalQ1 2025vs Q1 2024$13.5MM$13MM
Loan Loss AllowanceQ1 2025vs Q1 2024$627K$643K
Unbacked Noncurrent LoansQ1 2025vs Q1 2024$1.9MM$1.4MM
Real Estate OwnedQ1 2025vs Q1 2024$0$0
Rates
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Genesis Bank Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.15%$1k-Now Checking

Genesis Bank CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
4.00%$1k-1 Year CD
4.00%$1k-2 Year CD
4.00%$1k-3 Year CD
4.00%$1k-4 Year CD
4.00%$1k-5 Year CD
Locations


Genesis Bank Locations
Bank Of Benoit28-30 Main StreetBenoit, MS 38725

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