BankPlus in Belzoni, Mississippi (MS)
| BankPlus | |
|---|---|
| General | FDIC Certificate #: 5903 Status: Active Federal Reserve ID: 121642 Bank Holding Company (Regulatory Top Holder): Bancplus Corporation (RSSDID: 1097306, Location: Ridgeland, MS) Date Established: January 01, 1909 WWW: http://www.bankplus.net Trust Powers Granted: Yes Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 62 (Domestic: 62, Interstate: No) OTS Docket #: 9754 FDIC's unique #: 4024 Numeric code: 21 Regulator: FDIC Insurance Fund Membership: Deposit Insurance Fund (DIF) Insured commercial Banks: Yes FDIC Insured: Yes Deposit Insurance Fund member: Yes Ownership Type: Non-Stock FFIEC Call Report 31 Filer: No State Chartered: Yes Subchapter S Corporations: No Asset Concentration Hierarchy: Commercial Lending Specialization Date of Deposit Insurance: January 01, 1934 Last Structure Change Effective Date: March 31, 2006 Last Structure Change Process Date: November 03, 2006 Last Data Update: November 03, 2006 Data Source Date: April 05, 2012 |
| Location | Address: 202 Jackson Street, Belzoni, MS 39038 County: Humphreys Quarterly Banking Profile Region: Dallas FDIC Geographic Region: Dallas FDIC Supervisory Region: Dallas FDIC Field Office: Jackson Ms Office of the Comptroller the Currency (OCC) District: Southwest Office of Thrift Supervision Region: West |
| History of Changes | Merge BIF and SAIF Funds into DIF |
| Financial Summary | Total assets: $2,177.0 mil Equity capital: $212.0 mil Deposits held in domestic offices: $1,696.4 mil Return on assets (ROA): 0.86% ($18.7 mil) Quarterly return on assets: 0.83% ($18.1 mil) Return on Equity (ROE): 9.18% ($19.5 mil) Quarterly return on equity: 8.59% ($18.2 mil) Net income: $19.0 mil Quarterly Net income: $4.5 mil Pretax return on assets: 1.15% ($25,035.6 mil) Quarterly Pretax return on assets: 1.10% ($23,947.1 mil) |
| Assets and Liabilities (December 31, 2011) (Dollar figures in thousands) | |
| Total employees (full-time equivalent) | 757 |
| Total assets | $2,177,006 |
| Cash and due from depository institutions | $127,814 |
| Interest-bearing balances | $263 |
| Securities | $543,683 |
| Federal funds sold & reverse repurchase agreements | $16,887 |
| Net loans & leases | $1,294,288 |
| Loan loss allowance | $27,500 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $81,477 |
| Other real estate owned | $28,671 |
| Goodwill and other intangibles | $2,534 |
| All other assets | $81,652 |
| Life insurance assets | $2,177,006 |
| Total liabilities and capital | $1,965,010 |
| Total liabilities | $1,696,397 |
| Total deposits | $1,293,232 |
| Interest-bearing deposits | $1,696,397 |
| Deposits held in domestic offices | $82 |
| % insured (estimated) | 92700.00% |
| Federal funds purchased & repurchase agreements | $0 |
| Trading liabilities | $170,359 |
| Other borrowed funds | $0 |
| Subordinated debt | $5,554 |
| All other liabilities | $211,996 |
| Total equity capital | $211,996 |
| Total bank equity capital | $211,996 |
| Perpetual preferred stock | $0 |
| Common stock | $900 |
| Surplus | $178,698 |
| Undivided profits | $32,398 |
| Memoranda | |
| Noncurrent loans and leases | $0 |
| Noncurrent loans that are wholly or partially guaranteed by the U.S. government | $28,649 |
| Income earned, not collected on loans | $26,265 |
| Earning assets | $616 |
| Long-term assets (5+ years) | $13,658 |
| Average Assets, year-to-date | $1,855,121 |
| Average Assets, quarterly | $491,682 |
| Volatile liabilities | $2,203,465 |
| Insider loans | $2,181,654 |
| FHLB advances | $1,459,204 |
| Loans and leases held for sale | $2,164,427 |
| Unused loan commitments | $39,258 |
| Tier 1 (core) risk-based capital | $28,339 |
| Tier 2 risk-based capital | $207,743 |
| Total risk weighted assets | $0 |
| Total unused commitments | $10,919 |
| Restructured Loans and leases | $195,912 |
| Derivatives | $25,456 |
| Income and Expense (December 31, 2011) (Dollar figures in thousands) | |
| Total interest income | $102,127 |
| Total interest expense | $15,396 |
| Net interest income | $86,731 |
| Provision for loan and lease losses | $15,798 |
| Total noninterest income | $47,300 |
| Fiduciary activities | $2,555 |
| Service charges on deposit accounts | $29,366 |
| Trading account gains & fees | $0 |
| Additional noninterest income | $15,379 |
| Total noninterest expense | $92,894 |
| Salaries and employee benefits | $49,881 |
| Premises and equipment expense | $18,893 |
| Additional noninterest expense | $24,120 |
| Pre-tax net operating income | $25,339 |
| Securities gains (losses) | $0 |
| Applicable income taxes | $6,293 |
| Income before extraordinary items | $19,046 |
| Extraordinary gains - net | $0 |
| Net income attributable to bank | $19,046 |
| Net charge-offs | $0 |
| Cash dividends | $19,046 |
| Sale, conversion, retirement of capital stock, net | $17,298 |
| Net operating income | $10,800 |
| Performance and Condition Ratios (December 31, 2011) (Dollar figures in thousands) | |
| Performance Ratios (%, annualized) | |
| Yield on earning assets | 5.31% |
| Cost of funding earning assets | 0.80% |
| Net interest margin | 4.51% |
| Noninterest income to earning assets | 2.46% |
| Noninterest expense to earning assets | 4.83% |
| Net operating income to assets | 0.86% |
| Return on assets (ROA) | 0.86% |
| Pretax return on assets | 1.15% |
| Return on equity (ROE) | 9.18% |
| Retained earnings to average equity (YTD only) | 3.98% |
| Net charge-offs to loans | 1.23% |
| Credit loss provision to net charge-offs | 91.33% |
| Efficiency ratio | 2.38% |
| Assets per employee | $69,267 |
| Cash dividends to net income (YTD only) | 2.88% |
| Condition Ratios (%) | |
| Loss allowance to loans | 56.70% |
| Loss allowance to noncurrent loans | 2.08% |
| Noncurrent assets plus other real estate owned to assets | 104.70% |
| Noncurrent loans to loans | 2.52% |
| Net loans and leases to deposits | 1.99% |
| Net loans and leases to core deposits | 76.30% |
| Equity capital to assets | 82.66% |
| Core capital (leverage) ratio | 9.74% |
| Tier 1 risk-based capital ratio | 9.60% |
| Total risk-based capital ratio | 14.24% |
| Memoranda | |
| Average assets | $15 |
| Average earning assets | $2,203,465 |
| Average equity | $207,422 |
| Average loans | $1,921,721 |
| Total Fiduciary and Related Assets (December 31, 2011) (Dollar figures in thousands) | |
| Total fiduciary and related assets | $1 |
| Number of Fiduciary Accounts and Related Asset Accounts | 1 |
| Fiduciary powers granted | Yes |
| Fiduciary or related activity | Yes |
| Managed Assets | $455,805 |
| Number of Accounts | 1 |
| Personal trust and agency accounts | $260,921 |
| Employee benefit-defined contribution accounts | $19,719 |
| Employee benefit-defined benefit accounts | $27,387 |
| Other retirement accounts | $10,681 |
| Corporate trust and agency accounts | $67,396 |
| Investment management agency accounts | $4,513 |
| Other fiduciary accounts | $116,791 |
| Fiduciary accounts held in foreign offices | $14,434 |
| Non-managed Assets | $0 |
| Number of Accounts | 825 |
| Personal trust and agency accounts | $0 |
| Employee benefit-defined contribution accounts | $63,078 |
| Employee benefit-defined benefit accounts | $0 |
| Other retirement accounts | $194,884 |
| Corporate trust and agency accounts | $4,644 |
| Other fiduciary accounts | $189,663 |
| Fiduciary accounts held in foreign offices | $577 |
| 62 Mississippi Branches as of April 05, 2012 | ||||||
| No | ID | Name | Address | Established | Service Type | Map |
|---|---|---|---|---|---|---|
| 0 | 4024 | Bankplus | 202 Jackson Street, Belzoni, MS 39038 | January 01, 1909 | Full Service Brick and Mortar |  |
| 1 | 208351 | Isola Branch | Julia Street And Old Highway 49 West, Isola, MS 38754 | Febuary 07, 1966 | Full Service Brick and Mortar |  |
| 2 | 208352 | Holly Bluff Branch | Marshall Avenue And Main Street, Holly Bluff, MS 39088 | August 04, 1966 | Full Service Brick and Mortar | |
| 5 | 208355 | Canton Branch | 3366 North Liberty Street, Canton, MS 39046 | January 03, 1977 | Full Service Brick and Mortar | |
| 6 | 208356 | Fifteenth Street Branch | 712 East Fifteenth Street, Yazoo City, MS 39194 | July 27, 1977 | Full Service Brick and Mortar | |
| 8 | 272700 | Yazoo City Branch | 210 East Broadway, Yazoo City, MS 39194 | May 02, 1960 | Full Service Brick and Mortar | |
| 9 | 7920 | Flora Branch | 4837 Main Street, Flora, MS 39071 | January 22, 1904 | Full Service Brick and Mortar | |
| 10 | 227128 | Bentonia Branch | 220 East Side Railroad Street, Bentonia, MS 39040 | July 26, 1962 | Full Service Brick and Mortar | |
| 11 | 5253 | South Archusa Avenue Branch | 301 S Archusa Ave, Quitman, MS 39355 | January 01, 1902 | Full Service Brick and Mortar | |
| 12 | 218166 | Shubuta Branch | High Street, Shubuta, MS 39360 | June 26, 1972 | Full Service Brick and Mortar | |
| 13 | 218167 | Waynesboro Branch | 913 Mississippi Drive, Waynesboro, MS 39367 | June 18, 1979 | Full Service Brick and Mortar | |
| 14 | 218168 | West Branch | State Highway 513, Stonewall, MS 39363 | March 30, 1984 | Full Service Brick and Mortar | |
| 15 | 14820 | Poplarville Branch | 105 S Main Street, Poplarville, MS 39470 | January 24, 1974 | Full Service Brick and Mortar | |
| 16 | 252848 | Picayune Branch | 115 Williams Street, Picayune, MS 39466 | April 02, 1979 | Full Service Brick and Mortar | |
| 18 | 208359 | Jerry Clower Boulevard | 200 Jerry Clower Boulevard, Yazoo City, MS 39194 | March 18, 1996 | Full Service Brick and Mortar | |
| 19 | 208360 | Wal-Mart Supercenter Branch | 235 Frontage Road, Picayune, MS 39466 | June 19, 1996 | Full Service Brick and Mortar | |
| 20 | 43615 | 2303 8th Street Branch | 215 22nd Street, Meridian, MS 39301 | June 09, 1955 | Full Service Brick and Mortar | |
| 21 | 282049 | North Hills Street Branch | 1911 North Hills Street, Meridian, MS 39305 | July 17, 1996 | Full Service Brick and Mortar | |
| 22 | 208361 | Highway 43 South Branch | 951 Highway 43 South, Picayune, MS 39466 | March 24, 1997 | Full Service Brick and Mortar | |
| 24 | 208362 | Pear Orchard Branch | 420 Northpark Drive, Ridgeland, MS 39157 | June 01, 1998 | Full Service Brick and Mortar | |
| 28 | 208366 | Strawberry Hill Drive Branch | 2020 Strawberry Hill Drive, Madison, MS 39110 | October 05, 1998 | Full Service Brick and Mortar | |
| 29 | 208367 | Clinton Boulevard Branch | 217 Clinton Boulevard, Clinton, MS 39056 | October 19, 1998 | Full Service Brick and Mortar | |
| 31 | 208369 | Hwy. 19 N Branch | 1930 Hwy. 19 N, Meridian, MS 39307 | November 17, 1998 | Full Service Brick and Mortar | |
| 33 | 208371 | Byram Branch | 7340 S Siwell Rd, Byram, MS 39272 | Febuary 22, 1999 | Full Service Brick and Mortar | |
| 36 | 208374 | Castlewoods Branch | 509 Lakeland Place, Brandon, MS 39047 | April 19, 1999 | Full Service Brick and Mortar | |
| 37 | 208375 | Hwy 463 Branch | 105 Webster Circle, Madison, MS 39110 | June 16, 1999 | Full Service Brick and Mortar | |
| 39 | 208377 | Treetops Branch | 2351 Lakeland Drive, Flowood, MS 39232 | August 16, 1999 | Full Service Brick and Mortar | |
| 41 | 208379 | Clinton Springridge Branch | 102 Johnston Place, Clinton, MS 39056 | December 06, 1999 | Full Service Brick and Mortar | |
| 42 | 208380 | Clinton Parkway Branch | 108 West Cynthia Street, Clinton, MS 39056 | November 15, 1999 | Full Service Brick and Mortar | |
| 44 | 208382 | Landmark Center Branch | 175 East Capitol Street, Jackson, MS 39201 | December 13, 1999 | Full Service Brick and Mortar | |
| 45 | 3340 | Lexington Branch | 100 Court Square, Lexington, MS 39095 | April 19, 1929 | Full Service Brick and Mortar | |
| 46 | 206390 | Pickens Branch | North 1st And Lexington Streets, Pickens, MS 39146 | January 03, 1967 | Full Service Brick and Mortar | |
| 47 | 206391 | Durant Branch | 111 North Jackson Street, Durant, MS 39063 | March 08, 1973 | Full Service Brick and Mortar | |
| 48 | 259 | Tchula Branch | 206 Main Street, Tchula, MS 39169 | Febuary 02, 1904 | Full Service Brick and Mortar | |
| 50 | 363379 | Adkins Boulevard Branch | 730 Adkins Boulevard, Jackson, MS 39211 | April 04, 2002 | Full Service Brick and Mortar | |
| 51 | 365789 | Greenfield Road Branch | 100 Orleans Way, Brandon, MS 39042 | December 23, 2002 | Full Service Brick and Mortar | |
| 52 | 365963 | Downtown Brandon Branch | 241 West Government Street, Brandon, MS 39042 | January 17, 2003 | Full Service Brick and Mortar | |
| 53 | 418670 | Gluckstadt Branch | 1243 Gluckstadt Road, Madison, MS 39110 | April 21, 2003 | Full Service Brick and Mortar | |
| 54 | 418671 | Nissan Branch | 300 Nissan Drive, Canton, MS 39046 | April 09, 2003 | Full Service Brick and Mortar | |
| 55 | 426740 | Highland Bluff Branch | 4450 Old Canton Road, Suite 100, Jackson, MS 39211 | March 15, 2004 | Full Service Brick and Mortar | |
| 56 | 431727 | Frontage Road Branch | 129 S. Frontage Road, Newton, MS 39345 | September 07, 2004 | Full Service Brick and Mortar | |
| 58 | 443344 | Dogwood Banking Office | 193 Promenade Boulevard, Flowood, MS 39232 | August 15, 2005 | Full Service Brick and Mortar | |
| 59 | 444973 | Lake Harbour Branch | 7040 Old Canton Road, Ridgeland, MS 39157 | October 03, 2005 | Full Service Brick and Mortar | |
| 60 | 446064 | Jackson Street Branch | 510 Highway 51, Ridgeland, MS 39157 | November 21, 2005 | Full Service Brick and Mortar | |
| 61 | 446818 | Goodman Road Branch | 2304 Goodman Road, Horn Lake, MS 38637 | January 17, 2006 | Full Service Brick and Mortar | |
| 62 | 446980 | Southaven Airways Branch | 6644 Airways Boulevard, Southaven, MS 38671 | January 23, 2006 | Full Service Brick and Mortar | |
| 63 | 447249 | Hernando Branch | 885 East Commerce Street, Hernando, MS 38632 | January 30, 2006 | Full Service Brick and Mortar | |
| 64 | 447384 | Pearl Branch | 406 Riverwind Drive, Pearl, MS 39208 | Febuary 06, 2006 | Full Service Brick and Mortar | |
| 65 | 447385 | Jackson-Terry Road Branch | 2925 Terry Road, Jackson, MS 39215 | Febuary 06, 2006 | Full Service Brick and Mortar | |
| 66 | 448954 | Olive Branch Main Branch | 8990 Pigeon Roost Road, Olive Branch, MS 38654 | March 09, 2006 | Full Service Brick and Mortar | |
| 67 | 450805 | Hernando On The Square Branch | 295 Losher Street, Hernando, MS 38632 | April 24, 2006 | Full Service Brick and Mortar | |
| 70 | 455983 | Civic Center Branch | 4950 Venture Drive, Southaven, MS 38671 | October 30, 2006 | Full Service Brick and Mortar | |
| 71 | 457823 | Goodman Road Branch | 3045 Goodman Road, Southaven, MS 38672 | January 16, 2007 | Full Service Brick and Mortar | |
| 73 | 462877 | Jsu Branch | 912 Dalton Street, Jackson, MS 39203 | May 07, 2007 | Full Service Brick and Mortar | |
| 75 | 469434 | Bankplus Loan Production Office | 1018 Highland Colony Parkway, Ridgeland, MS 39157 | December 03, 2007 | Limited Service Loan Production | |
| 76 | 480039 | Renaissance Branch | 1018 Highland Colony Parkway, Ridgeland, MS 39157 | August 11, 2008 | Full Service Brick and Mortar | |
| 77 | 482362 | D'iberville Branch | 3516 Sangani Boulevard, Suite G, Diberville, MS 39540 | November 17, 2008 | Full Service Brick and Mortar | |
| 78 | 483204 | Fondren Branch | 3100 North State Street, Suite 100, Jackson, MS 39216 | December 15, 2008 | Full Service Brick and Mortar | |
| 79 | 483205 | Echelon Branch | 6410 Watkins Dr, Jackson, MS 39213 | December 15, 2008 | Full Service Brick and Mortar | |
| 80 | 483207 | Renaissance At Colony Park Branch | 1010 Highland Colony Parkway, Ridgeland, MS 39157 | December 15, 2008 | Full Service Brick and Mortar | |
| 81 | 498624 | Spillway Road Branch | 1845 Spillway Road, Brandon, MS 39047 | November 30, 2009 | Full Service Brick and Mortar | |
| 82 | 510735 | Highland Colony Branch | 1068 Highland Colony Parkway, Ridgeland, MS 39157 | September 30, 2009 | Full Service Brick and Mortar | |
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