Great Southern Bank

Headquarters

218 22nd Avenue South
Meridian, MS 39301
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.05% 1.00% →
1-Year CD 0.25% 0.95% →
2-Year CD 0.40% 1.00% →
5-Year CD 0.80% 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

Great Southern Bank is an FDIC insured institution located in Meridian, MS. It was founded in 1902 and has approximately $0.3 billion in assets. Customers can open an account at one of its 13 branches.

FDIC Insured Yes
FDIC Certificate # 8552
Date Established 1902
Assets $ 300.38 million
Loans $ 118.56 million
Deposits $ 269.46 million
Capital $ 29.67 million
 

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

Deposit Rates - October 20, 2020

Your Current Location: Connecticut, CT 06828

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
0.10% $10,000 $14,999 Learn More
Money Market
0.10% $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
18 Mo CD
0.35% $10,000 $14,999 Learn More
18 Mo CD
0.35% $100,000 $199,999 Learn More
24 Mo CD
0.40% $10,000 $14,999 Learn More
24 Mo CD
0.40% $100,000 $199,999 Learn More
30 Mo CD
0.40% $10,000 $14,999 Learn More
30 Mo CD
0.40% $100,000 $199,999 Learn More
36 Mo CD
0.45% $10,000 $14,999 Learn More
36 Mo CD
0.45% $100,000 $199,999 Learn More
48 Mo CD
0.55% $10,000 $14,999 Learn More
48 Mo CD
0.55% $100,000 $199,999 Learn More
60 Mo CD
0.80% $10,000 $14,999 Learn More
60 Mo CD
0.80% $100,000 $199,999 Learn More

Int Checking Rates APY MIN MAX
Int Ckg
0.05% $2,500 $3,499 Learn MoreShow Less

Loan Rates - October 20, 2020

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for Great Southern Bank

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




Featured - Connecticut 30 Year Fixed Mortgage Rates 2020

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
AimLoan.com
NMLS ID: 2890
License#: 13256
2.574% 2.500% 1.00 $2,445 $988 Learn More
Rocket Mortgage
NMLS ID: 3030
3.620% 3.500% 1.00 $3,750 $1,123 Learn More

Featured - Connecticut Home Equity Line Of Credit Rates 2020

Lender APR (%)? Monthly Payment? Learn More
Third Federal Savings and Loans
Third Federal Savings and Loans
See Table
2.240 %
$0 Learn More
More Info

Note to Great Southern Bank
To upload and update your bank's rates please register. It is free to register and add rates.

Branches

Great Southern Bank 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:
Fairfield,Connecticut


Great Southern Bank Locations


Financial Details

Great Southern Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Great Southern Bank. 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
Great Southern Bank U.S. Bank Average
3.27% 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, Great Southern Bank had $863,000 in non-current loans and $149,000 in owned real estate. To cover these potential losses it had $29,672,000 in equity and $1,265,000 in loans loss reserves. That gives it a Texas Ratio of 3.27%.

Return on Equity
Great Southern Bank U.S. Bank Average
7.56% 7.80%

Great Southern Bank has a Return on Equity of 7.56% 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
Great Southern Bank U.S. Bank Average
9.88% 12.68%

Great Southern Bank has a Capitalization of 9.88% 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.

Great Southern Bank Balance Sheet Analysis

As of March 31, 2020, Great Southern Bank had assets of $300,376,000, loans of $118,559,000, and deposits of $269,455,000. 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 $ 35.65 million
Interest-bearing balances $ 28.95 million
Total securities $ 136.50 million
Federal funds sold and reverse repurchase $ 0.35 million
Net loans and leases $ 118.56 million
Loan loss allowance $ 1.27 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 0.15 million
Goodwill and other intangibles N.A.
All other assets $ 3.98 million
     Total Assets $ 270.70 million
LIABILITIES
Total deposits $ 269.46 million
      Interest-bearing deposits $ 197.26 million
      Deposits held in domestic offices $ 269.46 million
      % insured (estimated) 83.33%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds N.A.
Subordinated debt N.A.
All other liabilities $ 1.25 million
      Total Liabilities $ 270.70 million
      Shareholders’ Equity $ 29.67 million

Summary Income Statement

March 31, 2020
INCOME AND EXPENSES
Total Interest Income $ 3.33 million
Total Interest Expense $ 0.30 million
Net interest income $ 3.03 million
Provision for loan and lease losses $ 0.05 million
Total non interest income $ 0.70 million
Total non interest expense $ 3.00 million
Pre-tax Net Operating Income $ 0.68 million

Bank Loan Profile?

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

Compared to other banks in Mississippi, Great Southern Bank has a significantly higher percent of Consumer Auto 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 33.01
Multifamily
Mortgages
0.72
Credit Card Loans 0.00
Consumer Auto Loans 11.29
Small Business Loans 0.00
Construction and Development Loans 4.38
Commercial Real Estate 18.40
Commercial and Industrial Loans 11.96
Farm Loans 0.86

Frequently Asked Questions About Great Southern Bank

Branches and Savings

Is Great Southern Bank FDIC insured?

Yes. It is covered under FDIC Certificate #8552.

Why does Great Southern Bank pay such low interest on savings accounts?

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

Why are Great Southern Bank CD rates not competitive?

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

Is Great Southern Bank a commercial bank?

Yes

Where are Great Southern Bank locations?

See branch locations nearby.

Is Great Southern Bank open on Saturdays?

Is Great Southern Bank open on Sundays?

What time does Great Southern Bank open?

What time does Great Southern Bank close?

Are Great Southern Bank ATMs Open 24/7?

Do Great Southern Bank ATMs accept cash deposits?

Can Great Southern Bank customers use other ATMs?

Do Great Southern Bank branches have notaries?

Will Great Southern Bank notarize my document?

What address for Great Southern Bank should I put for incoming ACH transfers?

Will the Great Southern Bank branch print checks?

Do Great Southern Bank checks expire?

Does Great Southern Bank require US citizenship to open account?

Can Great Southern Bank close my account?

Does Great Southern Bank Report to credit bureaus?

Does Great Southern Bank Use Equifax?

What is Great Southern Bank's ACH Routing Number?

What is Great Southern Bank's SWIFT code?

Products

Does Great Southern Bank offer mortgages?

Compare mortgage rates here.

Does Great Southern Bank offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Great Southern Bank offer personal loans?

Compare personal loan rates here.

Does Great Southern Bank offer student loans?

Will Great Southern Bank cash a check?

Will Great Southern Bank redeem a savings bond?

Does Great Southern Bank cash savings bonds?

Will Great Southern Bank cash money orders?

Can Great Southern Bank issue a money order?

Does Great Southern Bank do currency exchange?

Background on The Bank

Who owns Great Southern Bank?

How long has Great Southern Bank been around?

Can Great Southern Bank transfer to other banks?

Does Great Southern Bank have quick pay?

Does Great Southern Bank accept rolled coins?

Will Great Southern Bank accept loose change?

Where is Great Southern Bank headquarters?

Customer Reviews for Great Southern Bank

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

Add Your Review

Rate it here →