2024 Overview
General Bank Information
MidSouth Bank is an FDIC insured institution located in Dothan, AL. It was founded in 1912 and has approximately $0.63 billion in assets. Customers can open an account at one of its 10 branches.
| FDIC Insured | Yes |
| FDIC Certificate | # 2777 |
| Date Established | 1912 |
| Assets | $ 634.65 million |
| Loans | $ 349.30 million |
| Deposits | $ 583.24 million |
| Capital | $ 47.03 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 - April 23, 2024
Your Current Location: Ohio, OH 43085
Loan Rates - April 23, 2024
Your Current Location: Ohio, OH 43085
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 - Ohio 30 Year Fixed Mortgage Rates 2024
| Lender | APR | Rate (%) | Monthly Payment |
Learn More |
|---|---|---|---|---|
NMLS ID: 401822 |
6.932% |
6.750% 0.88 points $6,000 fees |
$2,076 | Learn More |
NMLS ID: 3030 |
7.463% |
7.375% 0.88 points $2,800 fees |
$2,211 | Learn More |
NMLS ID: Not a Lender |
points fees |
Learn More | ||
NMLS ID: Not a Lender |
points fees |
Learn More |
Featured - Ohio Home Equity Line Of Credit Rates 2024
| Lender | APR (%)? | Monthly Payment? | Learn More |
|---|---|---|---|
Third Federal Savings and Loan See Table |
7.490 %
|
$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:
Columbus,Ohio
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 |
|---|---|
| 0.45% | 3.96% |
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 December 31, 2024, MidSouth Bank had $237,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $47,025,000 in equity and $5,890,000 in loans loss reserves. That gives it a Texas Ratio of 0.45%.
Return on Equity
| MidSouth Bank | U.S. Bank Average |
|---|---|
| 12.71% | 12.20% |
MidSouth Bank has a Return on Equity of 12.71% versus the BestCashCow average of 12.20%. 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 |
|---|---|
| 7.41% | 10.76% |
MidSouth Bank has a Capitalization of 7.41% versus the BestCashCow average of 10.76. 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 December 31, 2023, MidSouth Bank had assets of $634,645,000, loans of $349,303,000, and deposits of $583,237,000. 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
December 31, 2024| ASSETS | |
|---|---|
| Cash & Balances due from depository institutions | $ 52.87 million |
| Interest-bearing balances | $ 42.30 million |
| Total securities | $ 182.26 million |
| Federal funds sold and reverse repurchase | $ 6.42 million |
| Net loans and leases | $ 349.30 million |
| Loan loss allowance | $ 5.89 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 | $ 13.55 million |
| Total Assets | $ 587.62 million |
| LIABILITIES | |
|---|---|
| Total deposits | $ 583.24 million |
| Interest-bearing deposits | $ 474.08 million |
| Deposits held in domestic offices | $ 583.24 million |
| % insured (estimated) | 64.12% |
| 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 | $ 587.62 million |
| Shareholders’ Equity | $ 47.03 million |
Summary Income Statement
December 31, 2024| INCOME AND EXPENSES | |
|---|---|
| Total Interest Income | $ 26.03 million |
| Total Interest Expense | $ 6.25 million |
| Net interest income | $ 19.78 million |
| Provision for loan and lease losses | $ 0.35 million |
| Total non interest income | $ 2.22 million |
| Total non interest expense | $ 16.15 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 | 17.17 | ✓ | ||
| Multifamily Mortgages |
0.64 | ✓ | ||
| Credit Card Loans | 0.00 | ✓ | ||
| Consumer Auto Loans | 0.43 | ✓ | ||
| Small Business Loans | 8.70 | ✓ | ||
| Construction and Development Loans | 18.59 | ✓ | ||
| Commercial Real Estate | 32.92 | ✓ | ||
| Commercial and Industrial Loans | 13.34 | ✓ | ||
| Farm Loans | 0.83 | ✓ | ||
Customer Reviews for MidSouth Bank
Chadpatt
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.
Is this review helpful? Yes:1 / No: 0
Add Your Review
or use your BestCashCow account