Bankplus Mortgage Rates, Fees & Info
Belzoni, MSLEI: 549300SFG15JDKI5MD22
Tax ID: 64-0134513
2021 Data | 2020 Data | 2019 Data | 2018 Data
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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
3,096Origination Dollar Volume (All Markets)
$710,570,000Employee count
983Awards
BankPlus - 2021
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For 2021, less than of lenders were eligible for this award.
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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 applications90.05%
Bankplus has an average approval rate.
Pick Rate
Approvals leading to origination82.17%
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 |
