BankPlus

Headquarters

202 Jackson Street
Belzoni, MS 39038
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.05% 1.00% →
1-Year CD 0.25% 0.95% →
2-Year CD 0.50% 1.05% →
5-Year CD 1.00% 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

BankPlus is an FDIC insured institution located in Belzoni, MS. It was founded in 1909 and has approximately $3.03 billion in assets. Customers can open an account at one of its 61 branches.

FDIC Insured Yes
FDIC Certificate # 5903
Date Established 1909
Assets $ 3.03 billion
Loans $ 2.09 billion
Deposits $ 2.66 billion
Capital $ 296.26 million
 

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 - September 29, 2020

Your Current Location: Virginia, VA 20146

Savings and Money Market Rates APY MIN MAX
Savings
0.05% $2,500 $4,999 Learn More
Money Market
0.05% $2,500 $2,999 Learn More
Money Market
0.05% $10,000 $14,999 Learn More
Money Market
0.05% $25,000 $29,999 Learn More
CD Rates APY MIN MAX
3 Mo CD
0.10% $10,000 $14,999 Learn More
3 Mo CD
0.10% $100,000 $199,999 Learn More
6 Mo CD
0.15% $10,000 $14,999 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
24 Mo CD
0.50% $10,000 $14,999 Learn More
24 Mo CD
0.50% $100,000 $199,999 Learn More
36 Mo CD
0.65% $10,000 $14,999 Learn More
36 Mo CD
0.65% $100,000 $199,999 Learn More
48 Mo CD
0.75% $10,000 $14,999 Learn More
48 Mo CD
0.75% $100,000 $199,999 Learn More
60 Mo CD
1.00% $10,000 $14,999 Learn More
60 Mo CD
1.00% $100,000 $199,999 Learn More


Loan Rates - September 29, 2020

Your Current Location: Virginia, VA 20146

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
5.3% 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, BankPlus had $13,477,000 in non-current loans and $3,342,000 in owned real estate. To cover these potential losses it had $296,262,000 in equity and $21,171,000 in loans loss reserves. That gives it a Texas Ratio of 5.3%.

Return on Equity
BankPlus U.S. Bank Average
11.37% 7.80%

BankPlus has a Return on Equity of 11.37% 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
BankPlus U.S. Bank Average
9.79% 12.68%

BankPlus has a Capitalization of 9.79% 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.

BankPlus Balance Sheet Analysis

As of March 31, 2020, BankPlus had assets of $3,025,779,000, loans of $2,086,947,000, and deposits of $2,656,973,000. 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 $ 292.49 million
Interest-bearing balances $ 221.03 million
Total securities $ 381.09 million
Federal funds sold and reverse repurchase $ 55.13 million
Net loans and leases $ 2.09 billion
Loan loss allowance $ 21.17 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 3.34 million
Goodwill and other intangibles $ 2.71 million
All other assets $ 92.16 million
     Total Assets $ 2.73 billion
LIABILITIES
Total deposits $ 2.66 billion
      Interest-bearing deposits $ 1,972.18 million
      Deposits held in domestic offices $ 2.66 billion
      % insured (estimated) 76.41%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds $ 59.98 million
Subordinated debt N.A.
All other liabilities $ 12.56 million
      Total Liabilities $ 2.73 billion
      Shareholders’ Equity $ 296.26 million

Summary Income Statement

March 31, 2020
INCOME AND EXPENSES
Total Interest Income $ 30.09 million
Total Interest Expense $ 4.33 million
Net interest income $ 25.76 million
Provision for loan and lease losses $ 0.19 million
Total non interest income $ 14.82 million
Total non interest expense $ 30.10 million
Pre-tax Net Operating Income $ 10.29 million

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 in Mississippi, BankPlus has a significantly higher percent of Small Business 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 27.11
Multifamily
Mortgages
1.39
Credit Card Loans 0.00
Consumer Auto Loans 0.58
Small Business Loans 8.89
Construction and Development Loans 11.14
Commercial Real Estate 31.52
Commercial and Industrial Loans 15.55
Farm Loans 3.50

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?

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