BankPlus

202 Jackson Street
Belzoni, MS 39038

Notable Rates APY Vs.Others
Savings 0.05% 2.60% →
1-Year CD 0.35% 2.25% →
2-Year CD 0.60% 2.50% →
5-Year CD 1.20% 2.80% →
30-Year Mortgage N.A. 3.31% →
15-Year Mortgage N.A. 2.77% →
HELOC N.A. 4.00% →

2019 Overview

General Bank Information

BankPlus is an FDIC insured institution located in Belzoni, MS. It was founded in 1909 and has approximately $2.94 billion in assets. Customers can open an account at one of its 61 branches.

FDIC Insured Yes
FDIC Certificate # 5903
Date Established 1909
Assets $2.94 billion
Loans $2.11 billion
Deposits $2.59 billion
Capital $0.28 billion
 

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

Deposit Rates - November 21, 2019

Your Current Location: Virginia, VA 20146

Savings and Money Market Rates APY MIN MAX
Money Market
0.05% $1,000 - Learn MoreShow Less
CD Rates APY MIN MAX
3 Mo CD
0.15% $1,000 - Learn MoreShow Less
6 Mo CD
0.20% $1,000 - Learn MoreShow Less
12 Mo CD
0.35% $1,000 - Learn MoreShow Less
24 Mo CD
0.60% $1,000 - Learn MoreShow Less
36 Mo CD
0.75% $1,000 - Learn MoreShow Less
48 Mo CD
1.00% $1,000 - Learn MoreShow Less
60 Mo CD
1.20% $1,000 - Learn MoreShow Less

Fixed IRA Rates APY MIN MAX
Fixed IRA
0.35% $1,000 - Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg
0.05% $1,000 - Learn MoreShow Less

Loan Rates - November 21, 2019

Your Current Location: Virginia, VA 20146

Home Equity Rates APR Rate Monthly Payment

Monthly payments for mortgage products are based on a loan amount of $200,000. Home equity monthly payments are based on a loan amount of $50,000. Auto loan monthly payments are based on a loan amount of $25,000. Rates for each product are based on a variety of factors including credit score and loan amount. For specific requirements please check with the lender. Rates may change at any time.

Branches

BankPlus 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


BankPlus Locations


Financial Details

BankPlus Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of BankPlus. 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
BankPlus U.S. Bank Average
5.96% 6.77%

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, 2019, BankPlus had $15,743,000 in non-current loans and $2,138,000 in owned real estate. To cover these potential losses it had $276,416,000 in equity and $23,844,000 in loans loss reserves. That gives it a Texas Ratio of 5.96%.

Return on Equity
BankPlus U.S. Bank Average
14.96% 9.50%

BankPlus has a Return on Equity of 14.96% versus the BestCashCow average of 9.50%. 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
BankPlus U.S. Bank Average
9.41% 12.76%

BankPlus has a Capitalization of 9.41% versus the BestCashCow average of 12.76. 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.

BankPlus Balance Sheet Analysis

As of June 30, 2019, BankPlus had assets of $2,938,789,000, loans of $2,105,682,000, and deposits of $2,592,829,000. 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, 2019
ASSETS
Cash & Balances due from depository institutions $0.27 billion
Interest-bearing balances $0.21 billion
Total securities $0.35 billion
Federal funds sold and reverse repurchase $0.00 billion
Net loans and leases $2.11 billion
Loan loss allowance $0.02 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 $0.09 billion
     Total Assets $2.66 billion
LIABILITIES
Total deposits $2.59 billion
      Interest-bearing deposits $1.93 billion
      Deposits held in domestic offices $2.59 billion
      % insured (estimated) 76.68%
Federal funds purchased and repurchase agreements $0.00 billion
Trading liabilities $0.00 billion
Other borrowed funds $0.06 billion
Subordinated debt $0.00 billion
All other liabilities $0.01 billion
      Total Liabilities $2.66 billion
      Shareholders’ Equity $0.28 billion

Summary Income Statement

June 30, 2019
INCOME AND EXPENSES
Total Interest Income $0.06 billion
Total Interest Expense $0.01 billion
Net interest income $0.05 billion
Provision for loan and lease losses $0.00 billion
Total non interest income $0.03 billion
Total non interest expense $0.06 billion
Pre-tax Net Operating Income $0.03 billion

Bank Loan Profile?

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

Compared to other banks, BankPlus’s loan portfolio does not show any specific loan specialty.

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 27.69
Multifamily
Mortgages
1.61
Credit Card Loans 0.00
Consumer Auto Loans 0.71
Small Business Loans 8.90
Construction and Development Loans 10.34
Commercial Real Estate 31.00
Commercial and Industrial Loans 16.06
Farm Loans 3.83

Frequently Asked Questions About Bankplus

Branches and Savings

Is Bankplus FDIC insured?

Yes. It is covered under FDIC Certificate #5903.

Why does Bankplus pay such low interest on savings accounts?

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

Why are Bankplus CD rates not competitive?

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

Is Bankplus a commercial bank?

Yes

Where are Bankplus locations?

See branch locations nearby.

Is Bankplus open on Saturdays?

Is Bankplus open on Sundays?

What time does Bankplus open?

What time does Bankplus close?

Are Bankplus ATMs Open 24/7?

Do Bankplus ATMs accept cash deposits?

Can Bankplus customers use other ATMs?

Do Bankplus branches have notaries?

Will Bankplus notarize my document?

What address for Bankplus should I put for incoming ACH transfers?

Will the Bankplus branch print checks?

Do Bankplus checks expire?

Does Bankplus require US citizenship to open account?

Can Bankplus close my account?

Does Bankplus Report to credit bureaus?

Does Bankplus Use Equifax?

What is Bankplus's ACH Routing Number?

What is Bankplus's SWIFT code?

Products

Does Bankplus offer mortgages?

Compare mortgage rates here.

Does Bankplus offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Bankplus offer personal loans?

Compare personal loan rates here.

Does Bankplus offer student loans?

Will Bankplus cash a check?

Will Bankplus redeem a savings bond?

Does Bankplus cash savings bonds?

Will Bankplus cash money orders?

Can Bankplus issue a money order?

Does Bankplus do currency exchange?

Background on The Bank

Who owns Bankplus?

How long has Bankplus been around?

Can Bankplus transfer to other banks?

Does Bankplus have quick pay?

Does Bankplus accept rolled coins?

Will Bankplus accept loose change?

Where is Bankplus headquarters?

Customer Reviews for BankPlus

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

Add Your Review

Rate it here →