Bank of Benoit

28-30 Main Street
Benoit, MS 38725


2019 Overview

General Bank Information

FDIC Insured Yes
FDIC Certificate # 15817
Date Established 1904
Assets $0.02 billion
Loans $0.01 billion
Deposits $0.01 billion
Capital $0.00 billion

Bank of Benoit is an FDIC insured institution located in Benoit, MS. It was founded in 1904 and has approximately $0.02 billion in assets.

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

Bank Loan Profile?

The top three loan types in Bank of Benoit’s loan portfolio are Commercial and Industrial Loans, Commercial Real Estate, and Small Business Loans.

Compared to other banks in Mississippi, Bank of Benoit has a significantly higher percent of Consumer Auto Loans, Small Business Loans, Commercial and Industrial Loans, Farm Loans 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.

Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 1.54
Credit Card Loans 0.00
Consumer Auto Loans 11.49
Small Business Loans 24.21
Construction and Development Loans 0.00
Commercial Real Estate 24.21
Commercial and Industrial Loans 28.43
Farm Loans 13.98

Deposit Rates - June 17, 2019

Your Current Location: Virginia, VA 20146

There are currently no rates available for Bank Of Benoit, but see these great savings and CD rates:

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Loan Rates - June 17, 2019

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for Bank of Benoit

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

Featured - Virginia 30 Year Fixed Mortgage Rates 2019

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Featured - Virginia Home Equity Line Of Credit Rates 2019

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Third Federal Savings and Loans
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Note to Bank of Benoit
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Financial Details

Bank of Benoit Ratio Analysis

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

Texas Ratio
Bank of Benoit U.S. Bank Average
17.05% 6.97%

The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its the bank’s 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 December 31, 2018, Bank of Benoit had $331,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $1,904,000 in equity and $37,000 in loans loss reserves. That gives it a Texas Ratio of 17.05%.

Return on Equity
Bank of Benoit U.S. Bank Average
0.52% 8.80%

Bank of Benoit has a Return on Equity of 0.52% versus the BestCashCow average of 8.80%. 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.

Bank of Benoit U.S. Bank Average
11.63% 12.29%

Bank of Benoit has a Capitalization of 11.63% versus the BestCashCow average of 12.29. 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.

Bank of Benoit Balance Sheet Analysis

As of December 31, 2018, Bank of Benoit had assets of $16,375,000, loans of $5,378,000, and deposits of $14,423,000. 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

December 31, 2018
Cash & Balances due from depository institutions $0.00 billion
Interest-bearing balances $0.00 billion
Total securities $0.01 billion
Federal funds sold and reverse repurchase $0.00 billion
Net loans and leases $0.01 billion
Loan loss allowance $0.00 billion
Trading account assets $0.00 billion
Bank premises and fixed assets $0.00 billion
Other real estate owned $0.00 billion
Goodwill and other intangibles $0.00 billion
All other assets $0.00 billion
     Total Assets $0.01 billion
Total deposits $0.01 billion
      Interest-bearing deposits $0.01 billion
      Deposits held in domestic offices $0.01 billion
      % insured (estimated) 84.11%
Federal funds purchased and repurchase agreements $0.00 billion
Trading liabilities $0.00 billion
Other borrowed funds $0.00 billion
Subordinated debt $0.00 billion
All other liabilities $0.00 billion
      Total Liabilities $0.01 billion
      Shareholders’ Equity $0.00 billion

Summary Income Statement

December 31, 2018
Total Interest Income $0.00 billion
Total Interest Expense $0.00 billion
Net interest income $0.00 billion
Provision for loan and lease losses $0.00 billion
Total non interest income $0.00 billion
Total non interest expense $0.00 billion
Pre-tax Net Operating Income $0.00 billion

Frequently Asked Questions About Bank Of Benoit

Branches and Savings

Is Bank Of Benoit FDIC insured?

Yes. It is covered under FDIC Certificate #15817.

Why does Bank Of Benoit pay such low interest on savings accounts?

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Why are Bank Of Benoit CD rates not competitive?

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Is Bank Of Benoit a commercial bank?


Where are Bank Of Benoit locations?

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Does Bank Of Benoit offer mortgages?

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Does Bank Of Benoit offer home equity lines of credit and home equity loans?

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Does Bank Of Benoit offer personal loans?

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Does Bank Of Benoit offer student loans?

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Background on The Bank

Who owns Bank Of Benoit?

How long has Bank Of Benoit been around?

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