BancorpSouth Bank

Headquarters

201 South Spring Street
Tupelo, MS 38804
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.20% 0.95% →
1-Year CD 0.25% 1.01% →
2-Year CD 0.40% 0.95% →
5-Year CD 0.60% 1.30% →
30-Year Mortgage N.A. 2.80% →
15-Year Mortgage N.A. 2.37% →
HELOC N.A. 2.79% →

2020 Overview

General Bank Information

BancorpSouth Bank is an FDIC insured institution located in Tupelo, MS. It was founded in 1876 and has approximately $21.05 billion in assets. Customers can open an account at one of its 315 branches.

FDIC Insured Yes
FDIC Certificate # 11813
Date Established 1876
Assets $ 21.05 billion
Loans $ 14.21 billion
Deposits $ 16.73 billion
Capital $ 2.68 billion
 

For a more detailed analysis of BancorpSouth Bank's financial condition and a description of what these numbers mean, please visit the Financial Details section.

Deposit Rates - October 25, 2020

Your Current Location: Washington, WA 98109

Savings and Money Market Rates APY MIN MAX
Savings
0.10% $2,500 $4,999 Learn More
Savings
0.20% $2,500 $4,999 Learn More
Money Market
0.20% $2,500 $2,999 Learn More
Money Market
0.10% $2,500 $2,999 Learn More
Money Market
0.20% $10,000 $14,999 Learn More
Money Market
0.10% $10,000 $14,999 Learn More
Money Market
0.20% $25,000 $29,999 Learn More
Money Market
0.10% $25,000 $29,999 Learn More
CD Rates APY MIN MAX
3 Mo CD
0.15% $10,000 $14,999 Learn More
3 Mo CD
0.10% $10,000 $14,999 Learn More
3 Mo CD
0.15% $100,000 $199,999 Learn More
3 Mo CD
0.10% $100,000 $199,999 Learn More
6 Mo CD
0.20% $10,000 $14,999 Learn More
6 Mo CD
0.15% $10,000 $14,999 Learn More
6 Mo CD
0.20% $100,000 $199,999 Learn More
6 Mo CD
0.15% $100,000 $199,999 Learn More
12 Mo CD
0.25% $10,000 $14,999 Learn More
12 Mo CD
0.25% $100,000 $199,999 Learn More
18 Mo CD
0.30% $10,000 $14,999 Learn More
18 Mo CD
0.30% $100,000 $199,999 Learn More
24 Mo CD
0.40% $10,000 $14,999 Learn More
24 Mo CD
0.40% $100,000 $199,999 Learn More
30 Mo CD
0.40% $10,000 $14,999 Learn More
30 Mo CD
0.40% $100,000 $199,999 Learn More
36 Mo CD
0.45% $10,000 $14,999 Learn More
36 Mo CD
0.45% $100,000 $199,999 Learn More
Special: 38 Mo CD
0.50% $10,000 - Learn More
48 Mo CD
0.50% $10,000 $14,999 Learn More
48 Mo CD
0.50% $100,000 $199,999 Learn More
60 Mo CD
0.60% $10,000 $14,999 Learn More
60 Mo CD
0.60% $100,000 $199,999 Learn More

Variable IRA Rates APY MIN MAX
Var IRA
0.26% $1 $499 Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg
0.05% $1 $99 Learn MoreShow Less
Special:
1.50% $100 - Learn MoreShow Less
Int Ckg
0.05% $2,500 $3,499 Learn MoreShow Less

Loan Rates - October 25, 2020

Your Current Location: Washington, WA 98109

There are currently no loan rates available for BancorpSouth Bank

Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:




Featured - Washington 30 Year Fixed Mortgage Rates 2020

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
Rocket Mortgage
NMLS ID: 3030
3.746% 3.625% 1.00 $3,750 $1,141 Learn More
AimLoan.com
NMLS ID: 2890
License#: 520-CL-25944
2.575% 2.500% 1.00 $2,470 $988 Learn More
Cascadia Mortgage
NMLS ID: 1505422
License#: NMLS #1505422
2.830% 2.750% 0.63 $2,622 $1,021 Learn More

Featured - Washington Home Equity Line Of Credit Rates 2020

Lender APR (%)? Monthly Payment? Learn More

Note to BancorpSouth Bank
To upload and update your bank's rates please register. It is free to register and add rates.

Branches

BancorpSouth Bank branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.

Your Location:
Seattle,Washington


BancorpSouth Bank Locations


Financial Details

BancorpSouth Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of BancorpSouth Bank. The data is provided by the FDIC. All banks listed on BestCashCow.com are FDIC-insured. No depositor has ever lost deposits that have been within the FDIC insurance limits.

Texas Ratio
BancorpSouth Bank U.S. Bank Average
4.36% 6.94%

The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its tangible common equity and its loan loss reserves. A lower Texas ratio indicates better coverage of problem loans. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a bank has to absorb its loan losses.

As of March 31, 2020, BancorpSouth Bank had $117,346,000 in non-current loans and $9,200,000 in owned real estate. To cover these potential losses it had $2,681,904,000 in equity and $218,199,000 in loans loss reserves. That gives it a Texas Ratio of 4.36%.

Return on Equity
BancorpSouth Bank U.S. Bank Average
3.62% 7.80%

BancorpSouth Bank has a Return on Equity of 3.62% versus the BestCashCow average of 7.80%. Return on equity measures how efficiently a bank is making money from its capital. A bank with a consistently high ROE can be considered well run. A bank with a consistently low ROE can be considered poorly run.

Capitalization
BancorpSouth Bank U.S. Bank Average
12.74% 12.68%

BancorpSouth Bank has a Capitalization of 12.74% versus the BestCashCow average of 12.68. Capitalization measures how much equity capital a bank has to underpin loans and other assets on its balance sheet. The higher the capitalization number the more secure a bank is considered.

BancorpSouth Bank Balance Sheet Analysis

As of March 31, 2020, BancorpSouth Bank had assets of $21,045,439,000, loans of $14,214,199,000, and deposits of $16,728,444,000. Long-term increases in deposits shows a bank's ability to raise funds to grow its loans and assets. Loan and asset growth may rise or fall depending on a bank's strategy for growth. Sharp rises and falls in assets, deposits, and loans can be problematic, indicating a loosening of lending standards, or financial distress leading to reduced lending. A big change in these figured can also be from a bank acquisition or merger.

Summary Balance Sheet

March 31, 2020
ASSETS
Cash & Balances due from depository institutions $ 282.99 million
Interest-bearing balances $ 29.49 million
Total securities $ 4.47 billion
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 14.21 billion
Loan loss allowance $ 218.20 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 9.20 million
Goodwill and other intangibles $ 949.83 million
All other assets $ 634.93 million
     Total Assets $ 18.36 billion
LIABILITIES
Total deposits $ 16.73 billion
      Interest-bearing deposits $ 12.02 billion
      Deposits held in domestic offices $ 16.73 billion
      % insured (estimated) 70.77%
Federal funds purchased and repurchase agreements $ 538.96 million
Trading liabilities N.A.
Other borrowed funds $ 327.26 million
Subordinated debt $ 296.72 million
All other liabilities $ 472.14 million
      Total Liabilities $ 18.36 billion
      Shareholders’ Equity $ 2.68 billion

Summary Income Statement

March 31, 2020
INCOME AND EXPENSES
Total Interest Income $ 202.50 million
Total Interest Expense $ 34.57 million
Net interest income $ 167.94 million
Provision for loan and lease losses $ 46.00 million
Total non interest income $ 75.85 million
Total non interest expense $ 167.68 million
Pre-tax Net Operating Income $ 30.10 million

Bank Loan Profile?

The top three loan types in BancorpSouth Bank’s loan portfolio are Commercial Real Estate, 1-4 Family Residential Loans, and Commercial and Industrial Loans.

Compared to other banks in Mississippi, BancorpSouth Bank has a significantly higher percent of Credit Card Loans, Commercial Real Estate on its balance sheet, potentially indicating a specialty in that lending area.

Note: Percentages may not sum to 100% due to rounding and double categorization of some loan types. All data from the FDIC. Additional information about this table.

%
Loans
%
Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 31.43
Multifamily
Mortgages
2.37
Credit Card Loans 0.52
Consumer Auto Loans 0.28
Small Business Loans 7.24
Construction and Development Loans 11.13
Commercial Real Estate 36.99
Commercial and Industrial Loans 13.24
Farm Loans 0.88

Frequently Asked Questions About Bancorpsouth Bank

Branches and Savings

Is Bancorpsouth Bank FDIC insured?

Yes. It is covered under FDIC Certificate #11813.

Why does Bancorpsouth Bank pay such low interest on savings accounts?

See the best online savings rates here. See the best local savings rates here.

Why are Bancorpsouth Bank CD rates not competitive?

See the best online CD rates here. See the best local CD rates here.

Is Bancorpsouth Bank a commercial bank?

Yes

Where are Bancorpsouth Bank locations?

See branch locations nearby.

Is Bancorpsouth Bank open on Saturdays?

Is Bancorpsouth Bank open on Sundays?

What time does Bancorpsouth Bank open?

What time does Bancorpsouth Bank close?

Are Bancorpsouth Bank ATMs Open 24/7?

Do Bancorpsouth Bank ATMs accept cash deposits?

Can Bancorpsouth Bank customers use other ATMs?

Do Bancorpsouth Bank branches have notaries?

Will Bancorpsouth Bank notarize my document?

What address for Bancorpsouth Bank should I put for incoming ACH transfers?

Will the Bancorpsouth Bank branch print checks?

Do Bancorpsouth Bank checks expire?

Does Bancorpsouth Bank require US citizenship to open account?

Can Bancorpsouth Bank close my account?

Does Bancorpsouth Bank Report to credit bureaus?

Does Bancorpsouth Bank Use Equifax?

What is Bancorpsouth Bank's ACH Routing Number?

What is Bancorpsouth Bank's SWIFT code?

Products

Does Bancorpsouth Bank offer mortgages?

Compare mortgage rates here.

Does Bancorpsouth Bank offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Bancorpsouth Bank offer personal loans?

Compare personal loan rates here.

Does Bancorpsouth Bank offer student loans?

Will Bancorpsouth Bank cash a check?

Will Bancorpsouth Bank redeem a savings bond?

Does Bancorpsouth Bank cash savings bonds?

Will Bancorpsouth Bank cash money orders?

Can Bancorpsouth Bank issue a money order?

Does Bancorpsouth Bank do currency exchange?

Background on The Bank

Who owns Bancorpsouth Bank?

How long has Bancorpsouth Bank been around?

Can Bancorpsouth Bank transfer to other banks?

Does Bancorpsouth Bank have quick pay?

Does Bancorpsouth Bank accept rolled coins?

Will Bancorpsouth Bank accept loose change?

Where is Bancorpsouth Bank headquarters?

Customer Reviews for BancorpSouth Bank


  • November 22, 2019

    some of the policies and number of tellers vs. time of day are a disgrace.......beginning to wonder if the bank is in financial strain due to the "suits" casually walking around......
    let me explain.....
    it took 40 min. of standing in line to approach the teller.(five people in front of me) She was pleasant to talk with and completed my mortgage transaction rather quickly. I asked her to cash a check from my personal bank (same bank that mortgage check was drawn from)....I was told she would have to get a approval code in order to cash it !
    okay....so they will take a mortgage check that is much larger.....but not a personal check from the same account.....really ?
    ratings ?....hmmmm.....are there negative "stars" ?

  • June 05, 2019

    Horrible Bank!!! No Customer Service skills what so ever, no empathy or compassion for the customer!!! They do not protect your money

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