Bankplus Mortgage Rates, Fees & Info

Belzoni, MS

LEI: 549300SFG15JDKI5MD22

Tax ID: 64-0134513

5 stars - out of 5 stars, based on 56 reviews

2021 Data | 2020 Data | 2019 Data | 2018 Data


Overview

Bankplus is a smaller bank specializing in Refi and Home Purchase loans. Bankplus has a high proportion of conventional loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) They have a low ratio of USDA loans. Their top markets include Jackson, New Orleans, Tupelo, Memphis, and Picayune among others. Bankplus has an above average approval rate for mortages when compared nationally. They have a below average pick rate when compared to the same sample of other lendors. Bankplus is typically a low fee lendor.


Originations

3,096

Origination Dollar Volume (All Markets)

$710,570,000

Employee count

983 Show all (19) awards

Relative Rate

Bankplus's average 30 year fixed rate mortgage of loans were 2.96%.

The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.

This yields a difference of -0.19%.

Relative Fees

Bankplus's average total fees for a 30 year fixed rate mortgage are $2,908.

The average total origination fees for 30 year fixed rate mortgages (for all loan values, including both points & up-front fees in addition to origination fees) are $4,750.

Top Markets

Market Originations Total Value Average Loan Average Fees Average Rate
JACKSON, MS (FHA|USDA|VA) 1,562 $349,150,000 $223,528 $2,703 2.94%
NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) 92 $59,330,000 $644,891 $4,083 3.32%
Tupelo, MS (FHA|USDA|VA) 227 $52,575,000 $231,608 $2,565 2.79%
MEMPHIS, TN-MS-AR (FHA|USDA|VA) 214 $37,690,000 $176,121 $2,932 2.28%
Outside of Metro Areas 181 $22,755,000 $125,718 $2,310 3.88%
Picayune, MS (FHA|USDA|VA) 126 $18,320,000 $145,397 $2,736 3.39%
BATON ROUGE, LA (FHA|USDA|VA) 69 $14,895,000 $215,870 $2,598 4.37%
Laurel, MS (FHA|USDA|VA) 7 $12,195,000 $1,742,143 $2,871 3.63%
Oxford, MS (FHA|USDA|VA) 43 $11,205,000 $260,581 $2,424 3.53%
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 11 $10,055,000 $914,091 $12,298 3.91%
DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) 22 $9,440,000 $429,091 $2,858 3.20%
Meridian, MS (FHA|USDA|VA) 93 $9,155,000 $98,441 $2,301 4.25%
Starkville, MS (FHA|USDA|VA) 29 $8,685,000 $299,483 $2,467 3.28%
GULFPORT-BILOXI, MS (FHA|USDA|VA) 35 $8,445,000 $241,286 $3,363 3.55%
MOBILE, AL (FHA|USDA|VA) 33 $7,975,000 $241,667 $2,427 2.08%
HAMMOND, LA (FHA|USDA|VA) 14 $6,330,000 $452,143 $2,126 4.01%
Brookhaven, MS (FHA|USDA|VA) 51 $6,305,000 $123,627 $2,334 3.66%
Enterprise, AL (FHA|USDA|VA) 32 $6,220,000 $194,375 $3,385 3.00%
NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN (FHA|USDA|VA) 18 $6,140,000 $341,111 $3,323 2.89%
Grenada, MS (FHA|USDA|VA) 42 $5,470,000 $130,238 $2,160 4.86%
DOTHAN, AL (FHA|USDA|VA) 34 $5,370,000 $157,941 $2,396 4.07%
McComb, MS (FHA|USDA|VA) 24 $3,940,000 $164,167 $2,485 4.48%
PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 8 $3,780,000 $472,500 $6,033 3.38%
Greenville, MS (FHA|USDA|VA) 2 $2,980,000 $1,490,000 $0 2.00%
HATTIESBURG, MS (FHA|USDA|VA) 15 $2,955,000 $197,000 $2,369 3.13%
Cleveland, MS (FHA|USDA|VA) 16 $2,570,000 $160,625 $3,148 3.08%
LAFAYETTE, LA (FHA|USDA|VA) 3 $2,455,000 $818,333 $0 5.08%
BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) 6 $2,280,000 $380,000 $2,940 3.79%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 6 $1,900,000 $316,667 $3,285 3.01%
Greenwood, MS (FHA|USDA|VA) 15 $1,595,000 $106,333 $2,366 3.94%
Indianola, MS (FHA|USDA|VA) 7 $1,425,000 $203,571 $2,665 5.00%
Corinth, MS (FHA|USDA|VA) 3 $1,205,000 $401,667 $3,779 3.13%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 2 $1,110,000 $555,000 $2,873 3.19%
FLORENCE-MUSCLE SHOALS, AL (FHA|USDA|VA) 2 $830,000 $415,000 $2,429 3.38%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 1 $765,000 $765,000 $10,216 3.88%
NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 1 $755,000 $755,000 $8,354 3.45%
Talladega-Sylacauga, AL (FHA|USDA|VA) 1 $705,000 $705,000 $10,802 3.25%
Hilo, HI (FHA|USDA|VA) 1 $705,000 $705,000 $0 3.25%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 3 $655,000 $218,333 $0 3.67%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 2 $650,000 $325,000 $3,694 1.31%
PANAMA CITY, FL (FHA|USDA|VA) 2 $610,000 $305,000 $2,108 2.75%
KANSAS CITY, MO-KS (FHA|USDA|VA) 2 $600,000 $300,000 $2,901 3.58%
DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 1 $545,000 $545,000 $2,751 2.63%
Tullahoma-Manchester, TN (FHA|USDA|VA) 1 $525,000 $525,000 $3,799 2.63%
CHATTANOOGA, TN-GA (FHA|USDA|VA) 2 $520,000 $260,000 $3,022 3.19%
LAKE CHARLES, LA (FHA|USDA|VA) 1 $505,000 $505,000 $0 4.00%
EUGENE-SPRINGFIELD, OR (FHA|USDA|VA) 2 $500,000 $250,000 $2,757 3.25%
FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) 2 $460,000 $230,000 $1,862 3.69%
West Point, MS (FHA|USDA|VA) 2 $410,000 $205,000 $4,231 3.69%
TUSCALOOSA, AL (FHA|USDA|VA) 2 $400,000 $200,000 $2,585 3.56%
DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) 1 $385,000 $385,000 $3,067 2.75%
Natchez, MS-LA (FHA|USDA|VA) 2 $380,000 $190,000 $1,942 1.73%
Columbus, MS (FHA|USDA|VA) 2 $330,000 $165,000 $1,888 2.75%
Opelousas, LA (FHA|USDA|VA) 4 $320,000 $80,000 $0 1.51%
COLUMBUS, GA-AL (FHA|USDA|VA) 1 $305,000 $305,000 $5,704 5.50%
SALISBURY, MD-DE (FHA|USDA|VA) 1 $305,000 $305,000 $3,994 2.75%
GREENVILLE-ANDERSON, SC (FHA|USDA|VA) 1 $295,000 $295,000 $2,703 2.75%
Troy, AL (FHA|USDA|VA) 1 $275,000 $275,000 $2,644 3.13%
PITTSBURGH, PA (FHA|USDA|VA) 1 $265,000 $265,000 $3,622 3.25%
MONROE, LA (FHA|USDA|VA) 1 $225,000 $225,000 $3,740 4.00%
FORT SMITH, AR-OK (FHA|USDA|VA) 1 $225,000 $225,000 $7,920 2.25%
LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) 1 $215,000 $215,000 $2,561 2.75%
AUBURN-OPELIKA, AL (FHA|USDA|VA) 2 $200,000 $100,000 $2,573 4.13%
Vicksburg, MS (FHA|USDA|VA) 1 $165,000 $165,000 $3,008 3.38%
JOHNSON CITY, TN (FHA|USDA|VA) 1 $165,000 $165,000 $1,952 2.75%
Jackson, WY-ID (FHA|USDA|VA) 1 $155,000 $155,000 $0 0.00%
Sevierville, TN (FHA|USDA|VA) 1 $105,000 $105,000 $0 0.00%
OKLAHOMA CITY, OK (FHA|USDA|VA) 1 $95,000 $95,000 $2,872 2.63%
Jennings, LA (FHA|USDA|VA) 1 $65,000 $65,000 $0 4.50%
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 1 $55,000 $55,000 $0 4.50%

Bankplus's top markets include Jackson, New Orleans, Tupelo, Memphis, and Picayune among others.

Product Mix

Loan Type Originations Total Value Average Loan Average Fees Average Rate
Conventional 2,986 $688,360,000 $230,529 $2,619 3.15%
FHA 75 $13,475,000 $179,667 $4,626 2.82%
VA 21 $5,985,000 $285,000 $5,590 2.58%
USDA 14 $2,750,000 $196,429 $3,704 2.98%

For the 2021 period, Bankplus's most frequently originated loan type of loans were Conventional, with 2,986 originations. Their 2nd most popular type is FHA, with 75 originations.

Loan Reason

Loan Reason Originations Total Value Average Loan Average Fees Average Rate
Refi 1,257 $254,385,000 $202,375 $2,472 3.69%
Home Purchase 1,173 $354,995,000 $302,639 $2,952 3.37%
Home Improvement 273 $23,965,000 $87,784 $1,088 1.14%
Cash Out Refi 215 $57,595,000 $267,884 $2,969 2.85%
Other 178 $19,630,000 $110,281 $2,073 1.09%

For the 2021, Bankplus's most frequently cited loan purpose of loans were Refi, with 1,257 originations. The 2nd most popular reason of loans were Home Purchase, with 1,173 originations.

Loan Duration/Length

Loan Length Originations Total Value Average Loan Average Fees Average Rate
Other 1,295 $231,405,000 $178,691 $2,452 2.94%
30 Year 987 $269,035,000 $272,579 $2,908 2.96%
5 Year 321 $78,135,000 $243,411 $926 4.63%
15 Year 311 $76,745,000 $246,768 $2,805 2.50%
1 Year 64 $17,190,000 $268,594 $2,213 4.59%
20 Year 57 $13,745,000 $241,140 $2,681 2.89%
10 Year 46 $7,950,000 $172,826 $2,400 3.61%
3 Year 15 $16,365,000 $1,091,000 $807 6.19%

For the 2021, Bankplus's most frequently cited loan length of loans were Other, with 1,295 originations. The 2nd most popular length of loans were 30 Year, with 987 originations.

Origination Fees

Origination Fee Originations Total Value Average Loan
$<1k 1,426 $331,080,000 $232,174
$1k-2k 366 $109,550,000 $299,317
$2k-3k 64 $25,990,000 $406,094
$3k-4k 23 $14,505,000 $630,652
$5k+ 7 $6,115,000 $873,571

$2,908 of loans were Bankplus's average total fees, while their most frequently occuring range of origination fees were in the $<1k bucket, with 1,426 originations.

Interest Rates

Loan Rate Originations Total Value Average Loan
3-4% 976 $306,760,000 $314,303
2.5-3% 785 $213,295,000 $271,713
<2.5% 715 $117,915,000 $164,916
4-5% 310 $47,800,000 $154,194
5-6% 161 $14,995,000 $93,137
Over 8% 59 $3,475,000 $58,898
6-7% 52 $4,050,000 $77,885
7-8% 38 $2,280,000 $60,000

During 2021, Bankplus's average interest rate of loans were 2.96%, while their most frequently originated rate bucket of loans were 3-4%, with 976 originations.

Loan Sizing

Loan Size Originations Total Value Average Loan Average Fees Average Rate
$100,000 or less 952 $49,600,000 $52,101 $1,715 3.48%
$200k-400k 866 $239,940,000 $277,067 $2,881 2.94%
$100k-200k 850 $123,420,000 $145,200 $2,365 2.96%
$400k-600k 334 $163,420,000 $489,281 $3,534 2.97%
$600k-1MM 52 $37,880,000 $728,462 $4,927 3.61%
$1MM+ 42 $96,310,000 $2,293,095 $9,379 3.79%

2021 saw Bankplus place emphasis on $100,000 or less loans with 952 originations, totaling $49,600,000 in origination value.

Applicant Income

Applicant Income Originations Total Value Average Loan Average Fees Average Rate
$100k-150k 524 $106,280,000 $202,824 $2,793 2.83%
$50k-75k 495 $71,565,000 $144,576 $2,471 3.23%
$250k+ 472 $167,910,000 $355,742 $3,290 2.86%
$150k-250k 451 $107,765,000 $238,947 $3,020 2.76%
$75k-100k 404 $70,380,000 $174,208 $2,555 3.27%
$50k or less 342 $33,780,000 $98,772 $2,369 3.50%

Bankplus lent most frequently to those with incomes in the $100k-150k range, with 524 originations. The second most popular income band? $50k-75k, with 495 originations.

Applicant Debt to Income Ratio

DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
20-30% 743 $151,985,000 $204,556 $2,642 2.84%
30-36% 495 $102,325,000 $206,717 $2,622 3.00%
<20% 475 $97,735,000 $205,758 $2,584 2.99%
43% 98 $20,440,000 $208,571 $2,841 2.79%
42% 87 $18,075,000 $207,759 $2,732 3.54%
41% 85 $16,295,000 $191,706 $2,871 2.80%
37% 84 $16,510,000 $196,548 $2,827 3.04%
40% 84 $21,440,000 $255,238 $3,379 3.27%
38% 83 $16,155,000 $194,639 $2,433 3.01%
44% 78 $14,620,000 $187,436 $2,761 2.54%
39% 77 $19,445,000 $252,532 $3,109 2.75%
36% 77 $17,195,000 $223,312 $2,725 3.13%
50-60% 53 $11,945,000 $225,377 $3,506 3.98%
>60% 50 $8,270,000 $165,400 $2,527 5.45%
45% 39 $8,975,000 $230,128 $2,998 3.18%
49% 31 $9,235,000 $297,903 $4,038 3.12%
47% 29 $8,215,000 $283,276 $2,934 3.21%
46% 28 $5,950,000 $212,500 $2,874 2.69%
48% 23 $4,655,000 $202,391 $2,511 3.31%

Bankplus lent most frequently to those with DTI ratios of 20-30%, with 743 originations. The next most common DTI ratio? 30-36%, with 495 originations.

Ethnicity Mix

Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
White 2,280 $480,240,000 $210,632 $2,730 2.95%
Not applicable 272 $125,860,000 $462,721 $0 4.33%
Not provided 214 $55,070,000 $257,336 $2,807 2.98%
Black 285 $37,925,000 $133,070 $2,789 3.63%
Asian 35 $9,455,000 $270,143 $2,623 3.16%
Asian Indian 6 $1,080,000 $180,000 $3,044 3.63%
Filipino 1 $475,000 $475,000 $2,255 3.50%
American Indian 2 $420,000 $210,000 $2,252 3.44%
Vietnamese 1 $45,000 $45,000 $0 6.25%

Approval Rates

Total approvals of all applications
90.05%

Bankplus has an average approval rate.

Pick Rate

Approvals leading to origination
82.17%

Bankplus has a below average pick rate.

Points and Fees

Points Originations Total Value Average Loan
105.0 2 $40,000 $20,000
171.0 1 $5,000 $5,000
196.0 4 $70,000 $17,500
361.47 1 $25,000 $25,000
496.57 1 $35,000 $35,000
80.0 1 $5,000 $5,000
NA 3,086 $710,390,000 $230,198

Occupancy Type Mix

Dwelling Type Originations Total Value Average Loan
3,096 $710,570,000 $229,512

LTV Distribution

Loan to Value Originations Total Value Average Loan Average Fees Average Rate
20-40% 441 $62,925,000 $142,687 $2,393 2.69%
40-60% 493 $109,325,000 $221,755 $2,709 3.29%
60-80% 939 $278,695,000 $296,800 $2,772 3.39%
80-100% 835 $226,705,000 $271,503 $2,926 3.36%
Over 100% 48 $13,670,000 $284,792 $3,263 3.46%
Under 20% 340 $19,250,000 $56,618 $1,186 2.21%

Complaints

Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
BANK OF THE WEST Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 5 16.7%
BANK OF THE WEST VA mortgage Trouble during payment process 1 3.3%
BANK OF THE WEST Other type of mortgage Trouble during payment process 2 6.7%
BANK OF THE WEST Other type of mortgage Struggling to pay mortgage 1 3.3%
BANK OF THE WEST Other type of mortgage Closing on a mortgage 1 3.3%
BANK OF THE WEST Other type of mortgage Applying for a mortgage or refinancing an existing mortgage 1 3.3%
BANK OF THE WEST Home equity loan or line of credit (HELOC) Trouble during payment process 3 10.0%
BANK OF THE WEST Home equity loan or line of credit (HELOC) Closing on a mortgage 4 13.3%
BANK OF THE WEST Home equity loan or line of credit (HELOC) Applying for a mortgage or refinancing an existing mortgage 2 6.7%
BANK OF THE WEST FHA mortgage Trouble during payment process 1 3.3%
BANK OF THE WEST Conventional home mortgage Struggling to pay mortgage 2 6.7%
BANK OF THE WEST Conventional home mortgage Closing on a mortgage 1 3.3%
BANK OF THE WEST Conventional home mortgage Trouble during payment process 6 20.0%

Bank Details

Branches

Bank Name Branch Branch Type Deposits (000's)
Bankplus 151 South Fourth Street Eunice, LA 70535 Full Service B&M $27,436
Bankplus 1 Saint Louis St, Suite 4200 Mobile, AL 36602 Full Service B&M $1
Bankplus 100 Court Square Lexington, MS 39095 Full Service B&M $131,114
Bankplus 100 Julia Street Isola, MS 38754 Full Service B&M $2,381
Bankplus 100 Orleans Way Brandon, MS 39042 Full Service B&M $89,306
Bankplus 100 Sunflower Road Cleveland, MS 38732 Full Service B&M $35,517
Bankplus 1010 Highland Colony Parkway Ridgeland, MS 39157 Full Service B&M $114,048
Bankplus 206 East Grubbs Street Enterprise, AL 36330 Full Service B&M $30,962
Bankplus 206 Main Street Tchula, MS 39169 Full Service B&M $2,912
Bankplus 215 22nd Street Meridian, MS 39301 Full Service B&M $51,880
Bankplus 217 Clinton Boulevard Clinton, MS 39056 Full Service B&M $74,804
Bankplus 2304 Goodman Rd W Horn Lake, MS 38637 Full Service B&M $30,186
Bankplus 2351 Lakeland Drive Flowood, MS 39232 Full Service B&M $47,625
Bankplus 241 West Government Street Brandon, MS 39042 Full Service B&M $47,280
Bankplus 2600 False River Drive New Roads, LA 70760 Full Service B&M $22,024
Bankplus 2925 Terry Road Jackson, MS 39215 Full Service B&M $90,639
Bankplus 300 Nissan Drive Canton, MS 39046 Full Service B&M $18,441
Bankplus 301 S Archusa Ave Quitman, MS 39355 Full Service B&M $82,411
Bankplus 3045 Goodman Rd E Southaven, MS 38672 Full Service B&M $34,797
Bankplus 3100 North State Street, Suite 100 Jackson, MS 39216 Full Service B&M $62,314
Bankplus 509 Lakeland Place Flowood, MS 39232 Full Service B&M $78,800
Bankplus 510 Highway 51 Ridgeland, MS 39157 Full Service B&M $133,491
Bankplus 600 Brookway Boulevard Brookhaven, MS 39601 Full Service B&M $25,516
Bankplus 609 Farmer Street Port Gibson, MS 39150 Full Service B&M $41,623
Bankplus 620 North Davis Cleveland, MS 38732 Full Service B&M $28,708
Bankplus 6410 Watkins Dr Jackson, MS 39213 Full Service B&M $73,644
Bankplus 6644 Airways Boulevard Southaven, MS 38671 Full Service B&M $25,575
Bankplus 665 Florida Street Baton Rouge, LA 70801 Full Service B&M $41,848
Bankplus 712 East Fifteenth Street Yazoo City, MS 39194 Full Service B&M $60,110
Bankplus 730 Adkins Boulevard Jackson, MS 39211 Full Service B&M $113,299
Bankplus 7340 S Siwell Rd Byram, MS 39272 Full Service B&M $141,400
Bankplus 822 South Range Avenue Denham Springs, LA 70726 Full Service B&M $21,561
Bankplus 885 East Commerce Street Hernando, MS 38632 Full Service B&M $34,499
Bankplus 102 Johnston Place Clinton, MS 39056 Full Service B&M $92,028
Bankplus 1028 Highway 51 Mccomb, MS 39648 Full Service B&M $43,364
Bankplus 105 S Main Street Poplarville, MS 39470 Full Service B&M $50,188
Bankplus 105 Webster Circle Madison, MS 39110 Full Service B&M $58,736
Bankplus 107 Founders Drive Baton Rouge, LA 70810 Full Service B&M $21,059
Bankplus 107 Terra Bella Blvd Covington, LA 70433 Full Service B&M $21,182
Bankplus 108 West Cynthia Street Clinton, MS 39056 Full Service B&M $46,895
Bankplus 1141 Montlimar Drive, Suite 2012 Mobile, AL 36609 Full Service B&M $50,379
Bankplus 115 Williams Street Picayune, MS 39466 Full Service B&M $28,679
Bankplus 1200 Eastover Drive Jackson, MS 39211 Full Service B&M $135,959
Bankplus 1243 Gluckstadt Road Madison, MS 39110 Full Service B&M $73,763
Bankplus 129 S. Frontage Road Newton, MS 39345 Full Service B&M $41,504
Bankplus 147 South Railroad Avenue Brookhaven, MS 39601 Full Service B&M $136,215
Bankplus 313 Saint Charles Ave New Orleans, LA 70130 Full Service B&M $18,679
Bankplus 332 Broad Street Monticello, MS 39654 Full Service B&M $25,699
Bankplus 3366 North Liberty Street Canton, MS 39046 Full Service B&M $87,045
Bankplus 371 South Gloster Street Tupelo, MS 38801 Full Service B&M $14,600
Bankplus 3993 North Gloster Street Tupelo, MS 38804 Full Service B&M $9,734
Bankplus 4001 West Main Street Tupelo, MS 38804 Full Service B&M $18,251
Bankplus 406 Riverwind Drive Pearl, MS 39208 Full Service B&M $94,559
Bankplus 41 West 1-65 Service Road North, Suite 195 Mobile, AL 36608 Full Service B&M $0
Bankplus 420 Northpark Drive Ridgeland, MS 39157 Full Service B&M $67,500
Bankplus 428 Sumrall Road Columbia, MS 39429 Full Service B&M $53,099
Bankplus 4482 West Main Street Dothan, AL 36303 Full Service B&M $99,858
Bankplus 4837 Main Street Flora, MS 39071 Full Service B&M $159,154
Bankplus 4950 Venture Drive Southaven, MS 38671 Full Service B&M $28,030
Bankplus 8990 Pigeon Roost Road Olive Branch, MS 38654 Full Service B&M $62,529
Bankplus 912 Dalton Street Jackson, MS 39203 Full Service B&M $90,639
Bankplus 913 Mississippi Drive Waynesboro, MS 39367 Full Service B&M $43,713
Bankplus 916 Highway 82 Bypass Greenwood, MS 38930 Full Service B&M $42,888
Bankplus 951 Highway 43 South Picayune, MS 39466 Full Service B&M $64,526
Bankplus Fagan Drive Hammond, LA 70403 Full Service B&M $14,807
Bankplus High Street Shubuta, MS 39360 Full Service B&M $1,772
Bankplus North 1st And Lexington Streets Pickens, MS 39146 Full Service B&M $4,368
Bankplus State Highway 513 Stonewall, MS 39363 Full Service B&M $4,431
Bankplus 15351 North Jackson Street Durant, MS 39063 Full Service B&M $7,200
Bankplus 1663 Sunset Drive Grenada, MS 38901 Full Service B&M $65,435
Bankplus 1700 Highway 59 Mandeville, LA 70448 Full Service B&M $20,598
Bankplus 1845 Spillway Road Brandon, MS 39047 Full Service B&M $73,546
Bankplus 1911 North Hills Street Meridian, MS 39305 Full Service B&M $54,845
Bankplus 193 Promenade Boulevard Flowood, MS 39232 Full Service B&M $94,214
Bankplus 1936 E Gause Blvd Slidell, LA 70461 Full Service B&M $22,793
Bankplus 200 Jerry Clower Boulevard Yazoo City, MS 39194 Full Service B&M $111,634
Bankplus 201 South Commerce Street Geneva, AL 36340 Full Service B&M $98,205
Bankplus 202 Jackson Street Belzoni, MS 39038 Full Service B&M $156,320
Bankplus 2020 Strawberry Hill Drive Madison, MS 39110 Full Service B&M $160,190
Bankplus 205 East Troy Street Tupelo, MS 38804 Full Service B&M $79,086

For 2021, Bankplus had 80 branches.

Yearly Performance Overview

Bank Income

Item Value (in 000's)
Total interest income $181,074
Net interest income $173,342
Total noninterest income $76,453
Gross Fiduciary activities income $7,105
Service charges on deposit accounts $26,411
Trading account gains and fees $0
Additional Noninterest Income $42,937
Pre-tax net operating income $75,053
Securities gains (or losses, -) $13
Income before extraordinary items $60,066
Discontinued Operations (Extraordinary gains, net) $0
Net income of bank and minority interests $60,066
Minority interest net income $0
Net income $60,066
Sale, conversion, retirement of capital stock, net $2,182
Net operating income $60,055

Bankplus's gross interest income from loans was $181,074,000.
Bankplus's net interest income from loans was $173,342,000.
Bankplus's fee based income from loans was $26,411,000.
Bankplus's net income from loans was $60,066,000.

Bank Expenses

Item Value (in 000's)
Total interest expense $7,732
Provision for credit losses $9,250
Total noninterest expense $165,492
Salaries and employee benefits $96,923
Premises and equipment expense $25,929
Additional noninterest expense $42,640
Applicable income taxes $15,000
Net charge-offs $250
Cash dividends $21,600

Bankplus's interest expense for loans was $7,732,000.
Bankplus's payroll and benefits expense were $96,923,000.
Bankplus's property, plant and equipment expenses $25,929,000.

Loan Performance

Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
All loans 0.0%
Real Estate loans 0.0%
Construction & Land Development loans 0.0%
Nonfarm, nonresidential loans 0.0%
Multifamily residential loans 0.0%
1-4 family residential loans 0.0%
HELOC loans 0.0%
All other family 0.0%
Commercial & industrial loans 0.0%
Personal loans 0.0%
Credit card loans 0.0%
Other individual loans 0.0%
Auto loans 0.0%
Other consumer loans 0.0%
Unsecured commercial real estate loans 0.0%

Deposits

Type Value (in 000's)
Total deposits $4,679,128
Deposits held in domestic offices $4,679,128
Deposits by Individuals, partnerships, and corporations $3,948,794
Deposits by U.S. Government $38
Deposits by States and political subdivisions in the U.S. $725,985
Deposits by Commercial banks and other depository institutions in U.S. $4,311
Deposits by Banks in foreign countries $0
Deposits by Foreign governments and official institutions $0
Transaction accounts $1,240,968
Demand deposits $787,298
Nontransaction accounts $3,438,160
Money market deposit accounts (MMDAs) $2,359,205
Other savings deposits (excluding MMDAs) $453,989
Total time deposits $624,966
Total time and savings deposits $3,891,830
Noninterest-bearing deposits $1,461,602
Interest-bearing deposits $3,217,526
Retail deposits $4,506,923
IRAs and Keogh plan accounts $83,576
Brokered deposits $0
Deposits held in foreign offices $0

Assets

Asset Value (in 000's)
Total Assets $5,187,184
Cash & Balances due from depository institutions $664,165
Interest-bearing balances $608,562
Total securities $648,262
Federal funds sold & reverse repurchase $0
Net loans and leases $3,582,779
Loan and leases loss allowance $45,000
Trading account assets $0
Bank premises and fixed assets $135,977
Other real estate owned $3,966
Goodwill and other intangibles $7,450
All other assets $144,585

Liabilities

Liabilities Value (in 000's)
Total liabilities and capital $5,187,184
Total Liabilities $4,751,165
Total deposits $4,679,128
Interest-bearing deposits $3,217,526
Deposits held in domestic offices $4,679,128
% insured (estimated) $79
Federal funds purchased and repurchase agreements $0
Trading liabilities $0
Other borrowed funds $56,294
Subordinated debt $0
All other liabilities $15,743

Issued Loan Types

Type Value (in 000's)
Net loans and leases $3,582,779
Loan and leases loss allowance $45,000
Total loans and leases (domestic) $3,627,779
All real estate loans $2,938,921
Real estate loans in domestic offices $2,938,921
Construction and development loans $541,350
Residential 1-4 family construction $150,923
Other construction, all land development and other land $390,427
Loans secured by nonfarm nonresidential properties $1,306,216
Nonfarm nonresidential secured by owner-occupied properties $676,450
Commercial real estate & other non-farm, non-residential $629,766
Multifamily residential real estate $93,473
1-4 family residential loans $786,165
Farmland loans $211,717
Loans held in foreign offices $0
Farm loans $86,552
Commercial and industrial loans $518,934
To non-U.S. addressees $120
Loans to individuals $73,277
Credit card loans $0
Related Plans $24,686
Consumer Auto Loans $14,034
Other loans to individuals $34,557
All other loans & leases $14,531
Loans to foreign governments and official institutions $0
Other loans $11,158
Loans to depository institutions and acceptances of other banks $0
Loans not secured by real estate $0
Loans secured by real estate to non-U.S. addressees $0
Restructured Loans & leases $2,022
Non 1-4 family restructured loans & leases $381
Total loans and leases (foreign) $0

BankPlus had $3,582,779,000 of loans outstanding in 2021. $2,938,921,000 of loans were in real estate loans. $541,350,000 of loans were in development loans. $93,473,000 of loans were in multifamily mortgage loans. $786,165,000 of loans were in 1-4 family mortgage loans. $86,552,000 of loans were in farm loans. $0 of loans were in credit card loans. $14,034,000 of loans were in the auto loan category.

Small Business Loans

Categorization # of Loans in Category $ amount of loans (in 000's) Average $/loan
Nonfarm, nonresidential loans - <$1MM 1,167 $283,787 $243,177
Nonfarm, nonresidential loans - <$100k 249 $10,362 $41,614
Nonfarm, nonresidential loans - $100-250k 349 $42,689 $122,318
Nonfarm, nonresidential loans - $250k-1MM 569 $230,736 $405,511
Commercial & Industrial, US addressed loans - <$1MM 2,831 $162,545 $57,416
Commercial & Industrial, US addressed loans - <$100k 2,176 $43,281 $19,890
Commercial & Industrial, US addressed loans - $100-250k 365 $35,980 $98,575
Commercial & Industrial, US addressed loans - $250k-1MM 290 $83,284 $287,186
Farmland loans - <$1MM 715 $70,053 $97,976
Farmland loans - <$100k 397 $15,079 $37,982
Farmland loans - $100-250k 208 $26,144 $125,692
Farmland loans - $250k-1MM 110 $28,830 $262,091
Agriculture operations loans - <$1MM 465 $22,314 $47,987
Agriculture operations loans - <$100k 354 $7,636 $21,571
Agriculture operations loans - $100-250k 68 $5,923 $87,103
Agriculture operations loans - $250k-1MM 43 $8,755 $203,605