BankSouth

Headquarters

3251 Ross Clark Circle
Dothan, AL 36303
See all branch locations →

Notable Rates APY Vs.Others
Savings N.A. 1.05% →
1-Year CD N.A. 0.95% →
2-Year CD N.A. 1.05% →
5-Year CD N.A. 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

BankSouth is an FDIC insured institution located in Dothan, AL. It was founded in 1928 and has approximately $0.18 billion in assets. Customers can open an account at one of its 2 branches.

FDIC Insured Yes
FDIC Certificate # 77
Date Established 1928
Assets $ 178.17 million
Loans $ 132.10 million
Deposits $ 140.21 million
Capital $ 37.48 million
 

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

Deposit Rates - September 28, 2020

Your Current Location: Washington, WA 98109

Bank Offers

CIBC Lowers Its Online Savings Rate to 1.35% APY
May 27, 2020

CIBC has lowered the online savings rate offered at its US subsidiary to 1.35% APY.   With some analysts suggesting that a major Canadian bank could be in trouble as a result of the collapse in oil prices, it seems like an important time to maintain your deposits within FDIC limits with this bank.


CIBC Lowers Its Agility Savings Rate to 0.80% APY
Sep 1, 2020

CIBC has lowered its online savings rate from 0.90% APY to 0.80% APY.



Loan Rates - September 28, 2020

Your Current Location: Washington, WA 98109

There are currently no loan rates available for BankSouth

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




Featured - Washington 30 Year Fixed Mortgage Rates 2020

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
AimLoan.com
NMLS ID: 2890
License#: 520-CL-25944
2.815% 2.750% 0.88 $2,110 $1,021 Learn More
Cascadia Mortgage
NMLS ID: 1505422
License#: NMLS #1505422
2.823% 2.750% 0.50 $2,358 $1,021 Learn More

Featured - Washington Home Equity Line Of Credit Rates 2020

Lender APR (%)? Monthly Payment? Learn More

Note to BankSouth
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Branches

BankSouth 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:
Seattle,Washington


BankSouth Locations


Financial Details

BankSouth Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of BankSouth. 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
BankSouth U.S. Bank Average
0% 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, BankSouth had $0 in non-current loans and $0 in owned real estate. To cover these potential losses it had $37,478,000 in equity and $2,816,000 in loans loss reserves. That gives it a Texas Ratio of 0%.

Return on Equity
BankSouth U.S. Bank Average
5.5% 7.80%

BankSouth has a Return on Equity of 5.5% 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
BankSouth U.S. Bank Average
21.04% 12.68%

BankSouth has a Capitalization of 21.04% 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.

BankSouth Balance Sheet Analysis

As of March 31, 2020, BankSouth had assets of $178,169,000, loans of $132,104,000, and deposits of $140,212,000. 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 $ 7.70 million
Interest-bearing balances $ 1.56 million
Total securities $ 36.08 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 132.10 million
Loan loss allowance $ 2.82 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned N.A.
Goodwill and other intangibles N.A.
All other assets $ 0.97 million
     Total Assets $ 140.69 million
LIABILITIES
Total deposits $ 140.21 million
      Interest-bearing deposits $ 121.39 million
      Deposits held in domestic offices $ 140.21 million
      % insured (estimated) 65.88%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds N.A.
Subordinated debt N.A.
All other liabilities $ 0.48 million
      Total Liabilities $ 140.69 million
      Shareholders’ Equity $ 37.48 million

Summary Income Statement

March 31, 2020
INCOME AND EXPENSES
Total Interest Income $ 1.77 million
Total Interest Expense $ 0.30 million
Net interest income $ 1.47 million
Provision for loan and lease losses N.A.
Total non interest income $ 0.02 million
Total non interest expense $ 0.94 million
Pre-tax Net Operating Income $ 0.55 million

Bank Loan Profile?

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

Compared to other banks in Alabama, BankSouth has a significantly higher percent of 1-4 Family Residential 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 55.28
Multifamily
Mortgages
0.00
Credit Card Loans 0.00
Consumer Auto Loans 0.63
Small Business Loans 0.00
Construction and Development Loans 3.54
Commercial Real Estate 28.68
Commercial and Industrial Loans 11.92
Farm Loans 0.02

Frequently Asked Questions About Banksouth

Branches and Savings

Is Banksouth FDIC insured?

Yes. It is covered under FDIC Certificate #77.

Why does Banksouth pay such low interest on savings accounts?

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

Why are Banksouth CD rates not competitive?

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

Is Banksouth a commercial bank?

Yes

Where are Banksouth locations?

See branch locations nearby.

Is Banksouth open on Saturdays?

Is Banksouth open on Sundays?

What time does Banksouth open?

What time does Banksouth close?

Are Banksouth ATMs Open 24/7?

Do Banksouth ATMs accept cash deposits?

Can Banksouth customers use other ATMs?

Do Banksouth branches have notaries?

Will Banksouth notarize my document?

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

Will the Banksouth branch print checks?

Do Banksouth checks expire?

Does Banksouth require US citizenship to open account?

Can Banksouth close my account?

Does Banksouth Report to credit bureaus?

Does Banksouth Use Equifax?

What is Banksouth's ACH Routing Number?

What is Banksouth's SWIFT code?

Products

Does Banksouth offer mortgages?

Compare mortgage rates here.

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

Compare home equity lines of credit rates here.

Does Banksouth offer personal loans?

Compare personal loan rates here.

Does Banksouth offer student loans?

Will Banksouth cash a check?

Will Banksouth redeem a savings bond?

Does Banksouth cash savings bonds?

Will Banksouth cash money orders?

Can Banksouth issue a money order?

Does Banksouth do currency exchange?

Background on The Bank

Who owns Banksouth?

How long has Banksouth been around?

Can Banksouth transfer to other banks?

Does Banksouth have quick pay?

Does Banksouth accept rolled coins?

Will Banksouth accept loose change?

Where is Banksouth headquarters?

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