Bank of Benoit

28-30 Main Street
Benoit, MS 38725

Overview

General Bank Information

FDIC Insured Yes
FDIC Certificate # 15817
Date Established 1904
Assets $0.02 billion
Loans $0.00 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 Farm Loans, Consumer Auto Loans, and Commercial Real Estate.

Compared to other banks in Mississippi, Bank of Benoit has a significantly higher percent of Consumer Auto 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.

%
Loans
%
Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 7.27
Multifamily
Mortgages
0.00
Credit Card Loans 0.00
Consumer Auto Loans 21.15
Small Business Loans 0.00
Construction and Development Loans 0.00
Commercial Real Estate 15.01
Commercial and Industrial Loans 9.46
Farm Loans 22.34

Deposit Rates

Your Current Location: Virginia, VA 20146

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

2.00% APY 12 Month CD from Synchrony Bank

Loan Rates

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 2018

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Payment
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Poli Mortgage Group Inc
NMLS ID: 1979
License#: MC-5501
4.125% 4.125% 0.00 $0 $1,212 Learn More
AimLoan.com NMLS#2890
NMLS ID: 2890
License#: MC-3098
3.930% 3.875% 0.25 $1,800 $1,176 Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2018

Lender Rate (%) Monthly Payment Learn More
Third Federal Savings & Loan Assoc. of Cleveland 3.490% $224.24 Learn More
Flagstar Bank 5.240% $275.79 Learn More

Note to Bank of Benoit
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Branches

Bank of Benoit 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:
Ashburn,Virginia


Bank of Benoit Locations

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 BestCashCow.com 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
7.27% 8.32%

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 September 30, 2017, Bank of Benoit had $146,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $1,972,000 in equity and $37,000 in loans loss reserves. That gives it a Texas Ratio of 7.27%.

Return on Equity
Bank of Benoit U.S. Bank Average
3.43% 8.84%

Bank of Benoit has a Return on Equity of 3.43% versus the BestCashCow average of 8.84%. 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
Bank of Benoit U.S. Bank Average
12.01% 12.21%

Bank of Benoit has a Capitalization of 12.01% versus the BestCashCow average of 12.21. 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 September 30, 2017, Bank of Benoit had assets of $16,414,000, loans of $3,783,000, and deposits of $14,389,000. 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.

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?

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

Why are Bank Of Benoit CD rates not competitive?

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

Is Bank Of Benoit a commercial bank?

Yes

Where are Bank Of Benoit locations?

See branch locations nearby.

Is Bank Of Benoit open on Saturdays?

Is Bank Of Benoit open on Sundays?

What time does Bank Of Benoit open?

What time does Bank Of Benoit close?

Are Bank Of Benoit ATMs Open 24/7?

Do Bank Of Benoit ATMs accept cash deposits?

Can Bank Of Benoit customers use other ATMs?

Do Bank Of Benoit branches have notaries?

Will Bank Of Benoit notarize my document?

What address for Bank Of Benoit should I put for incoming ACH transfers?

Will the Bank Of Benoit branch print checks?

Do Bank Of Benoit checks expire?

Does Bank Of Benoit require US citizenship to open account?

Can Bank Of Benoit close my account?

Does Bank Of Benoit Report to credit bureaus?

Does Bank Of Benoit Use Equifax?

What is Bank Of Benoit's ACH Routing Number?

What is Bank Of Benoit's SWIFT code?

Products

Does Bank Of Benoit offer mortgages?

Compare mortgage rates here.

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

Compare home equity lines of credit rates here.

Does Bank Of Benoit offer personal loans?

Compare personal loan rates here.

Does Bank Of Benoit offer student loans?

Will Bank Of Benoit cash a check?

Will Bank Of Benoit redeem a savings bond?

Does Bank Of Benoit cash savings bonds?

Will Bank Of Benoit cash money orders?

Can Bank Of Benoit issue a money order?

Does Bank Of Benoit do currency exchange?

Background on The Bank

Who owns Bank Of Benoit?

How long has Bank Of Benoit been around?

Can Bank Of Benoit transfer to other banks?

Does Bank Of Benoit have quick pay?

Does Bank Of Benoit accept rolled coins?

Will Bank Of Benoit accept loose change?

Where is Bank Of Benoit headquarters?

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