BankFirst Financial Services

900 Main Street
Columbus, MS 39703

 

2018 Overview

General Bank Information

FDIC Insured Yes
FDIC Certificate # 8870
Date Established 1888
Assets $0.96 billion
Loans $0.75 billion
Deposits $0.85 billion
Capital $0.11 billion

BankFirst Financial Services is an FDIC insured institution located in Columbus, MS. It was founded in 1888 and has approximately $0.96 billion in assets. Customers can open an account at one of its 18 branches.

For a more detailed analysis of BankFirst Financial Services'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 BankFirst Financial Services’s loan portfolio are Commercial Real Estate, 1-4 Family Residential Loans, and Small Business Loans.

Compared to other banks in Mississippi, BankFirst Financial Services has a significantly higher percent of Multifamily Mortgages 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 25.10
Multifamily
Mortgages
7.54
Credit Card Loans 0.30
Consumer Auto Loans 0.33
Small Business Loans 13.29
Construction and Development Loans 12.30
Commercial Real Estate 34.40
Commercial and Industrial Loans 10.52
Farm Loans 2.38

Deposit Rates - October 15, 2018

Your Current Location: Virginia, VA 20146

Savings and Money Market Rates APY MIN MAX
Money Market
0.15% $5,000 $24,999 Learn MoreShow Less
Money Market
0.20% $25,000 $99,999 Learn MoreShow Less
CD Rates APY MIN MAX
3 Mo CD
0.10% $2,500 - Learn MoreShow Less
6 Mo CD
0.20% $2,500 - Learn MoreShow Less

Fixed IRA Rates APY MIN MAX
Fixed IRA
0.30% $2,500 - Learn MoreShow Less
Variable IRA Rates APY MIN MAX
Var IRA
0.20% $25 - Learn MoreShow Less

Loan Rates - October 15, 2018

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for BankFirst Financial Services

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

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
AimLoan.com NMLS#2890
NMLS ID: 2890
License#: MC-3098
4.565% 4.500% 0.38 $2,007 $1,267 Learn More
J.G. Wentworth Home Lending, LLC
NMLS ID: 2925
License#: MC-1875
4.750% 4.750% 0.00 $0 $1,305 Learn More
First Internet Bank
NMLS ID: 424182
4.659% 4.625% 0.38 $988 $1,286 Learn More
Quicken Loans NMLS #3030
NMLS ID: 3030
5.500% 5.500% 0.00 $0 $1,420 Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2018

Lender Rate (%) Monthly Payment Learn More
Flagstar Bank 5.490% $283.58 Learn More
Third Federal Savings & Loan Assoc. of Cleveland 4.240% $245.68 Learn More

Note to BankFirst Financial Services
To upload and update your bank's rates please register. It is free to register and add rates.

Branches

BankFirst Financial Services 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


BankFirst Financial Services Locations

Financial Details

BankFirst Financial Services Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of BankFirst Financial Services. 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
BankFirst Financial Services U.S. Bank Average
8.64% 7.92%

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 June 30, 2018, BankFirst Financial Services had $9,152,000 in non-current loans and $612,000 in owned real estate. To cover these potential losses it had $105,528,000 in equity and $7,504,000 in loans loss reserves. That gives it a Texas Ratio of 8.64%.

Return on Equity
BankFirst Financial Services U.S. Bank Average
10.12% 9.77%

BankFirst Financial Services has a Return on Equity of 10.12% versus the BestCashCow average of 9.77%. 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
BankFirst Financial Services U.S. Bank Average
10.97% 12.31%

BankFirst Financial Services has a Capitalization of 10.97% versus the BestCashCow average of 12.31. 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.

BankFirst Financial Services Balance Sheet Analysis

As of June 30, 2018, BankFirst Financial Services had assets of $961,573,000, loans of $749,631,000, and deposits of $845,639,000. 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

June 30, 2018
ASSETS
Cash & Balances due from depository institutions $0.02 billion
Interest-bearing balances $0.00 billion
Total securities $0.12 billion
Federal funds sold and reverse repurchase $0.00 billion
Net loans and leases $0.75 billion
Loan loss allowance $0.01 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 $0.04 billion
     Total Assets $0.86 billion
LIABILITIES
Total deposits $0.85 billion
      Interest-bearing deposits $0.69 billion
      Deposits held in domestic offices $0.85 billion
      % insured (estimated) 73.22%
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 $0.01 billion
      Total Liabilities $0.86 billion
      Shareholders’ Equity $0.11 billion

Summary Income Statement

June 30, 2018
INCOME AND EXPENSES
Total Interest Income $0.02 billion
Total Interest Expense $0.00 billion
Net interest income $0.02 billion
Provision for loan and lease losses $0.00 billion
Total non interest income $0.00 billion
Total non interest expense $0.01 billion
Pre-tax Net Operating Income $0.01 billion

Frequently Asked Questions About Bankfirst Financial Services

Branches and Savings

Is Bankfirst Financial Services FDIC insured?

Yes. It is covered under FDIC Certificate #8870.

Why does Bankfirst Financial Services pay such low interest on savings accounts?

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

Why are Bankfirst Financial Services CD rates not competitive?

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

Is Bankfirst Financial Services a commercial bank?

Yes

Where are Bankfirst Financial Services locations?

See branch locations nearby.

Is Bankfirst Financial Services open on Saturdays?

Is Bankfirst Financial Services open on Sundays?

What time does Bankfirst Financial Services open?

What time does Bankfirst Financial Services close?

Are Bankfirst Financial Services ATMs Open 24/7?

Do Bankfirst Financial Services ATMs accept cash deposits?

Can Bankfirst Financial Services customers use other ATMs?

Do Bankfirst Financial Services branches have notaries?

Will Bankfirst Financial Services notarize my document?

What address for Bankfirst Financial Services should I put for incoming ACH transfers?

Will the Bankfirst Financial Services branch print checks?

Do Bankfirst Financial Services checks expire?

Does Bankfirst Financial Services require US citizenship to open account?

Can Bankfirst Financial Services close my account?

Does Bankfirst Financial Services Report to credit bureaus?

Does Bankfirst Financial Services Use Equifax?

What is Bankfirst Financial Services's ACH Routing Number?

What is Bankfirst Financial Services's SWIFT code?

Products

Does Bankfirst Financial Services offer mortgages?

Compare mortgage rates here.

Does Bankfirst Financial Services offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Bankfirst Financial Services offer personal loans?

Compare personal loan rates here.

Does Bankfirst Financial Services offer student loans?

Will Bankfirst Financial Services cash a check?

Will Bankfirst Financial Services redeem a savings bond?

Does Bankfirst Financial Services cash savings bonds?

Will Bankfirst Financial Services cash money orders?

Can Bankfirst Financial Services issue a money order?

Does Bankfirst Financial Services do currency exchange?

Background on The Bank

Who owns Bankfirst Financial Services?

How long has Bankfirst Financial Services been around?

Can Bankfirst Financial Services transfer to other banks?

Does Bankfirst Financial Services have quick pay?

Does Bankfirst Financial Services accept rolled coins?

Will Bankfirst Financial Services accept loose change?

Where is Bankfirst Financial Services headquarters?

Customer Reviews for BankFirst Financial Services

There are currently no comments for BankFirst Financial Services. Be the first to share your experience. Please provide comments that will help others.

Add Your Review

Rate it here →