MidSouth Bank

Headquarters

2526 West Main Street
Dothan, AL 36301
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.10% 1.05% →
1-Year CD 0.40% 1.05% →
2-Year CD 0.50% 1.11% →
5-Year CD 0.85% 1.56% →
30-Year Mortgage N.A. 3.09% →
15-Year Mortgage N.A. 2.59% →
HELOC N.A. 2.77% →

2020 Overview

General Bank Information

MidSouth Bank is an FDIC insured institution located in Dothan, AL. It was founded in 1912 and has approximately $0.42 billion in assets. Customers can open an account at one of its 10 branches.

FDIC Insured Yes
FDIC Certificate # 2777
Date Established 1912
Assets $ 423.06 million
Loans $ 258.56 million
Deposits $ 371.37 million
Capital $ 51.13 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 - August 12, 2020

Your Current Location: Virginia, VA 20146

Savings and Money Market Rates APY MIN MAX
Savings
0.10% $2,500 $4,999 Learn More
Money Market
0.15% $2,500 $2,999 Learn More
Money Market
0.20% $10,000 $14,999 Learn More
Money Market
0.25% $25,000 $29,999 Learn More
CD Rates APY MIN MAX
3 Mo CD
0.15% $10,000 $14,999 Learn More
3 Mo CD
0.15% $100,000 $199,999 Learn More
6 Mo CD
0.20% $10,000 $14,999 Learn More
6 Mo CD
0.20% $100,000 $199,999 Learn More
12 Mo CD
0.40% $10,000 $14,999 Learn More
12 Mo CD
0.40% $100,000 $199,999 Learn More
18 Mo CD
0.40% $10,000 $14,999 Learn More
18 Mo CD
0.40% $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
30 Mo CD
0.50% $10,000 $14,999 Learn More
30 Mo CD
0.50% $100,000 $199,999 Learn More
36 Mo CD
0.70% $10,000 $14,999 Learn More
36 Mo CD
0.70% $100,000 $199,999 Learn More
48 Mo CD
0.80% $10,000 $14,999 Learn More
48 Mo CD
0.80% $100,000 $199,999 Learn More
60 Mo CD
0.85% $10,000 $14,999 Learn More
60 Mo CD
0.85% $100,000 $199,999 Learn More

Int Checking Rates APY MIN MAX
Int Ckg
0.10% $2,500 $3,499 Learn MoreShow Less

Loan Rates - August 12, 2020

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 2020

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
Rocket Mortgage
NMLS ID: 3030
3.494% 3.375% 1.00 $3,750 $1,106 Learn More
AimLoan.com
NMLS ID: 2890
License#: MC-3098
2.914% 2.875% 0.50 $1,250 $1,038 Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2020

Lender APR (%)? Monthly Payment? Learn More
Third Federal Savings and Loans
Third Federal Savings and Loans
2.990 %
$0 Learn More
More Info
PenFed Credit Union
PenFed Credit Union
3.750 %
$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


MidSouth Bank Locations


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
0.19% 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, MidSouth Bank had $105,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $51,131,000 in equity and $5,318,000 in loans loss reserves. That gives it a Texas Ratio of 0.19%.

Return on Equity
MidSouth Bank U.S. Bank Average
6.18% 7.80%

MidSouth Bank has a Return on Equity of 6.18% 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
MidSouth Bank U.S. Bank Average
12.09% 12.68%

MidSouth Bank has a Capitalization of 12.09% 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.

MidSouth Bank Balance Sheet Analysis

As of March 31, 2020, MidSouth Bank had assets of $423,061,000, loans of $258,561,000, and deposits of $371,365,000. 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 $ 72.09 million
Interest-bearing balances $ 63.68 million
Total securities $ 62.33 million
Federal funds sold and reverse repurchase $ 5.54 million
Net loans and leases $ 258.56 million
Loan loss allowance $ 5.32 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 $ 3.55 million
     Total Assets $ 371.93 million
LIABILITIES
Total deposits $ 371.37 million
      Interest-bearing deposits $ 293.82 million
      Deposits held in domestic offices $ 371.37 million
      % insured (estimated) 74.91%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds N.A.
Subordinated debt N.A.
All other liabilities $ 0.57 million
      Total Liabilities $ 371.93 million
      Shareholders’ Equity $ 51.13 million

Summary Income Statement

March 31, 2020
INCOME AND EXPENSES
Total Interest Income $ 4.04 million
Total Interest Expense $ 0.57 million
Net interest income $ 3.47 million
Provision for loan and lease losses N.A.
Total non interest income $ 0.40 million
Total non interest expense $ 3.05 million
Pre-tax Net Operating Income $ 0.81 million

Bank Loan Profile?

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

Compared to other banks in Alabama, MidSouth Bank has a significantly higher percent of Construction and Development Loans, Commercial Real Estate 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 20.46
Multifamily
Mortgages
0.52
Credit Card Loans 0.00
Consumer Auto Loans 0.48
Small Business Loans 0.00
Construction and Development Loans 18.55
Commercial Real Estate 40.29
Commercial and Industrial Loans 15.77
Farm Loans 1.46

Frequently Asked Questions About Midsouth Bank

Branches and Savings

Is Midsouth Bank FDIC insured?

Yes. It is covered under FDIC Certificate #2777.

Why does Midsouth Bank pay such low interest on savings accounts?

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

Why are Midsouth Bank CD rates not competitive?

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

Is Midsouth Bank a commercial bank?

Yes

Where are Midsouth Bank locations?

See branch locations nearby.

Is Midsouth Bank open on Saturdays?

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Are Midsouth Bank ATMs Open 24/7?

Do Midsouth Bank ATMs accept cash deposits?

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Do Midsouth Bank branches have notaries?

Will Midsouth Bank notarize my document?

What address for Midsouth Bank should I put for incoming ACH transfers?

Will the Midsouth Bank branch print checks?

Do Midsouth Bank checks expire?

Does Midsouth Bank require US citizenship to open account?

Can Midsouth Bank close my account?

Does Midsouth Bank Report to credit bureaus?

Does Midsouth Bank Use Equifax?

What is Midsouth Bank's ACH Routing Number?

What is Midsouth Bank's SWIFT code?

Products

Does Midsouth Bank offer mortgages?

Compare mortgage rates here.

Does Midsouth Bank offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Midsouth Bank offer personal loans?

Compare personal loan rates here.

Does Midsouth Bank offer student loans?

Will Midsouth Bank cash a check?

Will Midsouth Bank redeem a savings bond?

Does Midsouth Bank cash savings bonds?

Will Midsouth Bank cash money orders?

Can Midsouth Bank issue a money order?

Does Midsouth Bank do currency exchange?

Background on The Bank

Who owns Midsouth Bank?

How long has Midsouth Bank been around?

Can Midsouth Bank transfer to other banks?

Does Midsouth Bank have quick pay?

Does Midsouth Bank accept rolled coins?

Will Midsouth Bank accept loose change?

Where is Midsouth Bank headquarters?

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