MidSouth Bank

Headquarters

2526 W Main St
Dothan, AL 36301
See all branch locations →

Notable Rates APY Vs.Others
Savings N.A. 5.50% →
1-Year CD N.A. 5.38% →
2-Year CD N.A. 4.95% →
5-Year CD N.A. 4.55% →
30-Year Mortgage N.A. 4.91% →
15-Year Mortgage N.A. 4.39% →
HELOC N.A. 0.99% →

2024 Overview

General Bank Information

MidSouth Bank is an FDIC insured institution located in Dothan, AL. It was founded in 1912 and has approximately $0.64 billion in assets. Customers can open an account at one of its 10 branches.

FDIC Insured Yes
FDIC Certificate # 2777
Date Established 1912
Assets $ 642.89 million
Loans $ 367.37 million
Deposits $ 592.35 million
Capital $ 46.83 million
 

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

Deposit Rates - July 25, 2024

Your Current Location: Virginia, VA 20146


Loan Rates - July 25, 2024

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for MidSouth Bank

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 2024

Lender APR Rate (%) Monthly
Payment
Learn More
Mutual of Omaha Mortgage, Inc.
NMLS ID: 1025894
6.725% 6.625%
0.75 points
$3,298 fees
$2,049 Learn More
Rocket Mortgage
NMLS ID: 3030
7.064% 6.990%
0.75 points
$2,400 fees
$2,127 Learn More
Neighbors Bank
NMLS ID: 491986

points
fees
Learn More
FHAloans.com
NMLS ID: Not a Lender

points
fees
Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2024

Lender APR (%)? Monthly Payment? Learn More
Third Federal Savings and Loan
Third Federal Savings and Loan
See Table
7.990 %
$0 Learn More
More Info

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

Branches

MidSouth 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:
Ashburn,Virginia



Climate Policy and Initiatives

MidSouth Bank is encouraged to provide us with this information. When we receive this information from the bank, we will provide it here.


Add Your Review


or use your BestCashCow account

or

Financial Details

MidSouth Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of MidSouth 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
MidSouth Bank U.S. Bank Average
1% 4.29%

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, 2024, MidSouth Bank had $237,000 in non-current loans and $290,000 in owned real estate. To cover these potential losses it had $46,833,000 in equity and $6,096,000 in loans loss reserves. That gives it a Texas Ratio of 1%.

Return on Equity
MidSouth Bank U.S. Bank Average
11.42% 10.46%

MidSouth Bank has a Return on Equity of 11.42% versus the BestCashCow average of 10.46%. 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
MidSouth Bank U.S. Bank Average
7.28% 10.73%

MidSouth Bank has a Capitalization of 7.28% versus the BestCashCow average of 10.73. 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.

MidSouth Bank Balance Sheet Analysis

As of March 31, 2024, MidSouth Bank had assets of $642,893,000, loans of $367,369,000, and deposits of $592,350,000. 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, 2024
ASSETS
Cash & Balances due from depository institutions $ 48.73 million
Interest-bearing balances $ 37.31 million
Total securities $ 177.20 million
Federal funds sold and reverse repurchase $ 5.47 million
Net loans and leases $ 367.37 million
Loan loss allowance $ 6.10 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 0.29 million
Goodwill and other intangibles N.A.
All other assets $ 13.55 million
     Total Assets $ 596.06 million
LIABILITIES
Total deposits $ 592.35 million
      Interest-bearing deposits $ 487.13 million
      Deposits held in domestic offices $ 592.35 million
      % insured (estimated) 65.04%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds N.A.
Subordinated debt N.A.
All other liabilities $ 1.44 million
      Total Liabilities $ 596.06 million
      Shareholders’ Equity $ 46.83 million

Summary Income Statement

March 31, 2024
INCOME AND EXPENSES
Total Interest Income $ 7.53 million
Total Interest Expense $ 2.69 million
Net interest income $ 4.84 million
Provision for loan and lease losses $ 0.12 million
Total non interest income $ 0.88 million
Total non interest expense $ 4.24 million
Pre-tax Net Operating Income $ 0.99 million

Bank Loan Profile?

The top three loan types in MidSouth Bank’s loan portfolio are Commercial Real Estate, Construction and Development Loans, and 1-4 Family Residential Loans.

Compared to other banks in Alabama, MidSouth Bank has a significantly higher percent of Construction and Development 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 16.33
Multifamily
Mortgages
0.60
Credit Card Loans 0.00
Consumer Auto Loans 0.41
Small Business Loans 0.00
Construction and Development Loans 17.68
Commercial Real Estate 31.30
Commercial and Industrial Loans 12.68
Farm Loans 0.79

Customer Reviews for MidSouth Bank


  • June 14, 2021 |

    I have banked with Midsouth for 4 years. I deposited a check that was for $6,000. I explained at the time of the deposit that I needed the mo ur available for my sons surgery that was in a few days. They told me that the check would be placed on hold as a formality due to the total but would he available on Friday. (Deposit that Wednesday). I went to the bank to ask for a status after the customer service supervisor was unprofessional and rude and was told that the funds wouldn’t be available until next Saturday. The reason was because that needed to call and speak to a representative at Bank of America where the check was written. I will be closing my account t with midsouth and will never recommend anyone banking there fir the rest of their existence. I have had some issues in the past with banks but this tops them all. Especially in the age we are in where electronics transfers and deposits only take 2-3 days to clear both sides, they are holding this check just in spite. They will be getting a 0star out of 5. Never again will I ever Bank with Midsouth.


Add Your Review


or use your BestCashCow account

or