Bankplus Mortgage Rates, Fees & Info

Belzoni, MS

LEI: 549300SFG15JDKI5MD22

Tax ID: 64-0134513

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • Similar Lenders
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Bank Data

  • Branches
  • Income
  • Loan Types
  • Deposit Mix
  • Loan Performance
  • Assets
  • Business Loans

    • Review & Overview

    Bankplus is a smaller bank specializing in Home Purchase and Refi 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 by origination volume include: Jackson, Tupelo, Memphis, Picayune, and Meridian among others. We have data for 47 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Bankplus has an average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Bankplus is typically a low fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have about average rates.

    We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.

    Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

    Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.

    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    Home Equity Line of Credit (HELOC) 3.02% 12/16/24
    30 Year Conventional Purchase 6.54% 12/16/24
    30 Year Conventional Refi 6.48% 12/16/24
    30 Year Cash-out Refi 6.62% 12/16/24
    30 Year FHA Purchase 7.18% 12/16/24
    30 Year FHA Refi 7.23% 12/16/24
    30 Year VA Purchase 6.16% 12/16/24
    30 Year USDA Purchase 6.90% 12/16/24
    15 Year Conventional Purchase 6.13% 12/16/24
    15 Year Conventional Refi 6.01% 12/16/24
    15 Year Cash-out Refi 6.01% 12/16/24
    These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates.

    Bankplus Mortgage Calculator






    Your Estimates

    Estimated Loan Payment: Update the calculator values and click calculate payment!

    This is not an official calculator from Bankplus. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

    The default purchase price is the median sales price across the US for 2022Q4, per FRED.


    Originations

    2,042

    Origination Dollar Volume (All Markets)

    $391,290,000

    Employee count

    729 Show all (21) awards

    Top Markets

    Zoom/scroll map to see bank's per metro statistics. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results. This map shows top 10 markets in the map viewport, as defined by descending origination volume.

    Market Originations Total Value Average Loan Average Fees Average Rate
    JACKSON, MS (FHA|USDA|VA) 1,248 $257,720,000 $206,506 $2,455 4.79%
    Tupelo, MS (FHA|USDA|VA) 167 $31,255,000 $187,156 $2,675 4.81%
    MEMPHIS, TN-MS-AR (FHA|USDA|VA) 161 $27,495,000 $170,776 $2,679 4.60%
    Picayune, MS (FHA|USDA|VA) 124 $17,670,000 $142,500 $2,433 4.83%
    Meridian, MS (FHA|USDA|VA) 90 $9,950,000 $110,556 $2,117 6.28%
    Outside of Metro Areas 94 $9,780,000 $104,043 $2,568 6.19%
    GULFPORT-BILOXI, MS (FHA|USDA|VA) 28 $4,100,000 $146,429 $2,295 5.77%
    Oxford, MS (FHA|USDA|VA) 19 $3,835,000 $201,842 $2,646 4.99%
    DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) 8 $3,500,000 $437,500 $3,316 4.88%
    BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) 7 $3,175,000 $453,571 $3,347 4.80%
    NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 8 $2,700,000 $337,500 $1,945 4.14%
    Starkville, MS (FHA|USDA|VA) 15 $2,625,000 $175,000 $2,302 4.91%
    HATTIESBURG, MS (FHA|USDA|VA) 13 $2,205,000 $169,615 $2,483 4.51%
    NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) 7 $1,835,000 $262,143 $2,406 6.43%
    Laurel, MS (FHA|USDA|VA) 5 $1,065,000 $213,000 $1,191 6.50%
    LOUISVILLE, KY (FHA|USDA|VA) 3 $1,045,000 $348,333 $4,553 4.19%
    PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 2 $920,000 $460,000 $0 4.60%
    LAFAYETTE, LA (FHA|USDA|VA) 2 $670,000 $335,000 $4,006 5.44%
    Columbus, MS (FHA|USDA|VA) 1 $575,000 $575,000 $3,542 4.60%
    DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 1 $565,000 $565,000 $9,100 3.75%
    SPARTANBURG, SC (FHA|USDA|VA) 2 $540,000 $270,000 $771 4.69%
    Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 1 $535,000 $535,000 $9,635 5.38%
    TUSCALOOSA, AL (FHA|USDA|VA) 2 $510,000 $255,000 $962 3.75%
    Greenwood, MS (FHA|USDA|VA) 4 $490,000 $122,500 $2,747 6.06%
    KANSAS CITY, MO-KS (FHA|USDA|VA) 1 $485,000 $485,000 $2,573 3.75%
    Vicksburg, MS (FHA|USDA|VA) 4 $480,000 $120,000 $2,232 5.08%
    HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) 1 $465,000 $465,000 $3,459 3.00%
    FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) 1 $445,000 $445,000 $3,624 4.95%
    ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 1 $405,000 $405,000 $3,020 4.22%
    Corinth, MS (FHA|USDA|VA) 1 $395,000 $395,000 $3,422 3.13%
    ST. LOUIS, MO-IL (FHA|USDA|VA) 1 $385,000 $385,000 $2,019 3.75%
    West Point, MS (FHA|USDA|VA) 2 $370,000 $185,000 $2,574 4.58%
    Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 1 $355,000 $355,000 $3,749 4.25%
    CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 1 $325,000 $325,000 $3,523 3.25%
    KNOXVILLE, TN (FHA|USDA|VA) 1 $315,000 $315,000 $3,474 3.50%
    CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 1 $275,000 $275,000 $2,142 4.25%
    CINCINNATI, OH-KY-IN (FHA|USDA|VA) 1 $245,000 $245,000 $2,775 4.00%
    MOBILE, AL (FHA|USDA|VA) 1 $225,000 $225,000 $2,680 3.63%
    CHATTANOOGA, TN-GA (FHA|USDA|VA) 1 $225,000 $225,000 $4,709 3.13%
    Brookhaven, MS (FHA|USDA|VA) 2 $210,000 $105,000 $1,958 7.31%
    BATON ROUGE, LA (FHA|USDA|VA) 1 $185,000 $185,000 $3,209 4.85%
    Cleveland, MS (FHA|USDA|VA) 2 $180,000 $90,000 $1,055 6.75%
    OKLAHOMA CITY, OK (FHA|USDA|VA) 1 $145,000 $145,000 $1,080 4.25%
    Crossville, TN (FHA|USDA|VA) 1 $135,000 $135,000 $2,519 3.38%
    Greenville, MS (FHA|USDA|VA) 1 $115,000 $115,000 $1,111 3.38%
    HOUMA-THIBODAUX, LA (FHA|USDA|VA) 1 $85,000 $85,000 $2,151 5.25%
    Indianola, MS (FHA|USDA|VA) 2 $80,000 $40,000 $2,747 5.75%
    Bankplus's top markets include Jackson, Tupelo, Memphis, Picayune, and Meridian among others.

    Their top states include:
  • Mississippi (FHA|USDA|VA)
  • Alabama (FHA|USDA|VA)
  • Tennessee (FHA|USDA|VA)
  • Louisiana (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)

    • Similar Lenders

    We use machine learning to identify the top lenders compared against BankPlus based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    Troy Bank and Trust Company
    Similarity Rank: 115
    First Castle Federal Credit Union
    Similarity Rank: 180
    Eureka Homestead
    Similarity Rank: 201
    SouthPoint Bank
    Similarity Rank: 396
    JEFFERSON FINANCIAL
    Similarity Rank: 400
    GREATER NEW ORLEANS
    Similarity Rank: 516
    America's Mortgage Resource, Inc.
    Similarity Rank: 612
    Home Bank
    Similarity Rank: 722
    Investar Bank
    Similarity Rank: 994
    Financial Federal Bank
    Similarity Rank: 1060

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 1,395 $321,195,000 $230,247 $2,291 4.99%
    HELOC 498 $40,780,000 $81,888 n/a 5.55%
    FHA 97 $16,865,000 $173,866 $3,851 3.74%
    VA 34 $9,480,000 $278,824 $5,549 3.57%
    USDA 18 $2,970,000 $165,000 $2,096 3.78%

    For 2019, Bankplus's most frequently originated type of loan was Conventional, with 1,395 originations. Their 2nd most popular type was HELOC, with 498 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 977 $228,185,000 $233,557 $2,448 4.66%
    Refi 627 $116,365,000 $185,590 $2,520 5.31%
    Home Improvement 206 $12,170,000 $59,078 $1,338 6.24%
    Other 142 $10,260,000 $72,254 $1,628 6.11%
    Cash Out Refi 90 $24,310,000 $270,111 $3,353 3.91%

    For 2019, Bankplus's most frequently cited loan purpose was Home Purchase, with 977 originations. The 2nd most popular reason was Refi, with 627 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 867 $110,915,000 $127,930 $2,094 5.96%
    30 Year 729 $185,615,000 $254,616 $2,670 3.96%
    5 Year 212 $44,320,000 $209,057 $1,089 6.11%
    15 Year 119 $29,205,000 $245,420 $2,821 3.47%
    1 Year 72 $12,880,000 $178,889 $1,741 6.13%
    20 Year 21 $4,785,000 $227,857 $2,532 3.80%
    3 Year 12 $1,360,000 $113,333 $1,279 6.57%
    10 Year 10 $2,210,000 $221,000 $3,235 5.45%

    For 2019, Bankplus's most frequently cited loan duration was Other, with 867 originations. The 2nd most popular length was 30 Year, with 729 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 996 $219,960,000 $220,843
    $1k-2k 181 $52,495,000 $290,028
    $2k-3k 32 $9,250,000 $289,063
    $3k-4k 6 $2,800,000 $466,667
    $4k-5k 5 $2,375,000 $475,000
    $5k+ 5 $2,515,000 $503,000

    Bankplus's average total fees were $2,670, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 996 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 607 $161,695,000 $266,384
    4-5% 396 $113,490,000 $286,591
    5-6% 370 $60,400,000 $163,243
    6-7% 179 $15,755,000 $88,017
    Over 8% 70 $4,030,000 $57,571
    7-8% 62 $3,700,000 $59,677
    2.5-3% 21 $6,815,000 $324,524
    <2.5% 3 $345,000 $115,000

    During 2019, Bankplus's average interest rate for loans was 3.96%, while their most frequently originated rate bucket for loans was 3-4%, with 607 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 748 $36,380,000 $48,636 $1,679 6.24%
    $100k-200k 561 $82,245,000 $146,604 $2,109 4.71%
    $200k-400k 521 $142,725,000 $273,944 $2,775 4.16%
    $400k-600k 185 $86,575,000 $467,973 $3,506 4.04%
    $600k-1MM 21 $16,455,000 $783,571 $4,354 4.95%
    $1MM+ 6 $26,910,000 $4,485,000 $1,698 4.90%

    2019 saw Bankplus place emphasis on $100,000 or less loans with 748 originations, totaling $36,380,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 375 $68,485,000 $182,627 $2,601 4.64%
    $50k-75k 322 $43,670,000 $135,621 $2,314 4.94%
    $75k-100k 294 $44,290,000 $150,646 $2,399 4.90%
    $250k+ 282 $86,160,000 $305,532 $2,804 4.62%
    $150k-250k 280 $63,120,000 $225,429 $2,870 4.80%
    $50k or less 246 $21,100,000 $85,772 $2,010 5.33%

    Bankplus lent most frequently to those with incomes in the $100k-150k range, with 375 originations. The second most popular income band? $50k-75k, with 322 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 452 $76,830,000 $169,978 $2,306 4.86%
    30-36% 369 $70,565,000 $191,233 $2,417 4.72%
    <20% 277 $45,345,000 $163,700 $2,314 4.97%
    43% 63 $14,025,000 $222,619 $2,808 4.65%
    44% 60 $9,880,000 $164,667 $2,935 4.64%
    39% 60 $11,560,000 $192,667 $2,641 4.68%
    41% 56 $10,230,000 $182,679 $2,707 4.94%
    40% 55 $11,525,000 $209,545 $2,870 4.38%
    36% 55 $9,455,000 $171,909 $2,373 4.67%
    38% 50 $10,560,000 $211,200 $2,458 4.40%
    50-60% 44 $6,680,000 $151,818 $3,207 5.66%
    42% 43 $6,845,000 $159,186 $2,247 4.95%
    37% 43 $10,395,000 $241,744 $2,591 4.37%
    >60% 32 $5,880,000 $183,750 $1,891 6.07%
    45% 29 $6,425,000 $221,552 $3,124 4.14%
    46% 26 $5,560,000 $213,846 $3,283 4.70%
    48% 26 $6,760,000 $260,000 $3,227 3.90%
    49% 24 $6,390,000 $266,250 $2,937 4.34%
    47% 19 $4,265,000 $224,474 $2,111 4.51%

    Bankplus lent most frequently to those with DTI ratios of 20-30%, with 452 originations. The next most common DTI ratio? 30-36%, with 369 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 1,504 $285,370,000 $189,741 $2,553 4.73%
    Not applicable 174 $49,610,000 $285,115 $0 5.77%
    Black 232 $27,210,000 $117,284 $2,240 5.71%
    Not provided 103 $22,825,000 $221,602 $2,443 4.51%
    Asian 24 $5,520,000 $230,000 $2,228 4.46%
    American Indian 1 $315,000 $315,000 $3,732 4.00%
    Korean 1 $185,000 $185,000 $1,234 3.75%
    Filipino 1 $155,000 $155,000 $247 4.88%
    Vietnamese 1 $65,000 $65,000 $0 6.50%
    Asian Indian 1 $35,000 $35,000 $0 5.75%

    Approval Rates

    Total approvals of all applications
    89.38%

    Bankplus has an average approval rate.

    Pick Rate

    Approvals leading to origination
    85.99%

    Bankplus has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    105.0 2 $30,000 $15,000
    155.0 1 $25,000 $25,000
    NA 2,039 $391,235,000 $191,876

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Manufactured 1 $135,000 $135,000
    Multifamily:Site-Built 18 $28,930,000 $1,607,222
    Single Family (1-4 Units):Manufactured 43 $1,595,000 $37,093
    Single Family (1-4 Units):Site-Built 1,980 $360,630,000 $182,136

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 247 $30,945,000 $125,283 $2,022 5.28%
    40-60% 265 $49,575,000 $187,075 $2,615 5.04%
    60-80% 526 $132,350,000 $251,616 $2,562 4.87%
    80-100% 706 $154,790,000 $219,249 $2,517 4.68%
    Over 100% 39 $11,575,000 $296,795 $4,522 4.92%
    Under 20% 259 $12,055,000 $46,544 $1,119 6.01%

    Complaints

    Bank Name Product Issue 2019 CPFB Complaints % of Total Issues
    BANK OF THE WEST Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 1 7.1%
    BANK OF THE WEST Other type of mortgage Trouble during payment process 1 7.1%
    BANK OF THE WEST Other type of mortgage Closing on a mortgage 1 7.1%
    BANK OF THE WEST Other type of mortgage Applying for a mortgage or refinancing an existing mortgage 1 7.1%
    BANK OF THE WEST Home equity loan or line of credit (HELOC) Trouble during payment process 2 14.3%
    BANK OF THE WEST Home equity loan or line of credit (HELOC) Applying for a mortgage or refinancing an existing mortgage 1 7.1%
    BANK OF THE WEST Conventional home mortgage Trouble during payment process 6 42.9%
    BANK OF THE WEST Conventional home mortgage Struggling to pay mortgage 1 7.1%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    BankPlus 100 Court Square Lexington, MS 39095 Full Service B&M $109,578
    BankPlus 100 Julia Street Isola, MS 38754 Full Service B&M $2,280
    BankPlus 100 Orleans Way Brandon, MS 39042 Full Service B&M $55,355
    BankPlus 1010 Highland Colony Parkway Ridgeland, MS 39157 Full Service B&M $171,940
    BankPlus 102 Johnston Place Clinton, MS 39056 Full Service B&M $64,192
    BankPlus 105 S Main Street Poplarville, MS 39470 Full Service B&M $39,036
    BankPlus 105 Webster Circle Madison, MS 39110 Full Service B&M $76,418
    BankPlus 108 West Cynthia Street Clinton, MS 39056 Full Service B&M $45,107
    BankPlus 115 Williams Street Picayune, MS 39466 Full Service B&M $21,687
    BankPlus 1200 Eastover Drive Jackson, MS 39211 Full Service B&M $55,869
    BankPlus 1243 Gluckstadt Road Madison, MS 39110 Full Service B&M $38,356
    BankPlus 129 S. Frontage Road Newton, MS 39345 Full Service B&M $40,080
    BankPlus 15351 North Jackson Street Durant, MS 39063 Full Service B&M $3,597
    BankPlus 1845 Spillway Road Brandon, MS 39047 Full Service B&M $41,517
    BankPlus 1911 North Hills Street Meridian, MS 39305 Full Service B&M $16,248
    BankPlus 193 Promenade Boulevard Flowood, MS 39232 Full Service B&M $55,357
    BankPlus 1930 Hwy. 19 N Meridian, MS 39307 Full Service B&M $4,333
    BankPlus 200 Jerry Clower Boulevard Yazoo City, MS 39194 Full Service B&M $77,389
    BankPlus 202 Jackson Street Belzoni, MS 39038 Full Service B&M $127,987
    BankPlus 2020 Strawberry Hill Drive Madison, MS 39110 Full Service B&M $85,970
    BankPlus 205 East Troy Street Tupelo, MS 38804 Full Service B&M $59,193
    BankPlus 206 Main Street Tchula, MS 39169 Full Service B&M $3,297
    BankPlus 210 East Broadway Yazoo City, MS 39194 Full Service B&M $6,972
    BankPlus 215 22nd Street Meridian, MS 39301 Full Service B&M $47,662
    BankPlus 217 Clinton Boulevard Clinton, MS 39056 Full Service B&M $64,191
    BankPlus 220 East Side Railroad Street Bentonia, MS 39040 Full Service B&M $5,738
    BankPlus 2304 Goodman Road Horn Lake, MS 38637 Full Service B&M $21,545
    BankPlus 2351 Lakeland Drive Flowood, MS 39232 Full Service B&M $48,437
    BankPlus 241 West Government Street Brandon, MS 39042 Full Service B&M $38,057
    BankPlus 2925 Terry Road Jackson, MS 39215 Full Service B&M $43,452
    BankPlus 300 Nissan Drive Canton, MS 39046 Full Service B&M $17,233
    BankPlus 301 S Archusa Ave Quitman, MS 39355 Full Service B&M $70,974
    BankPlus 3045 Goodman Road Southaven, MS 38672 Full Service B&M $21,541
    BankPlus 3100 North State Street, Suite 100 Jackson, MS 39216 Full Service B&M $37,246
    BankPlus 3366 North Liberty Street Canton, MS 39046 Full Service B&M $67,445
    BankPlus 371 South Gloster Street Tupelo, MS 38801 Full Service B&M $2,820
    BankPlus 3993 North Gloster Street Tupelo, MS 38804 Full Service B&M $2,818
    BankPlus 4001 West Main Street Tupelo, MS 38804 Full Service B&M $5,637
    BankPlus 406 Riverwind Drive Pearl, MS 39208 Full Service B&M $58,815
    BankPlus 420 Northpark Drive Ridgeland, MS 39157 Full Service B&M $71,641
    BankPlus 4837 Main Street Flora, MS 39071 Full Service B&M $137,703
    BankPlus 4950 Venture Drive Southaven, MS 38671 Full Service B&M $21,542
    BankPlus 509 Lakeland Place Flowood, MS 39232 Full Service B&M $48,435
    BankPlus 510 Highway 51 Ridgeland, MS 39157 Full Service B&M $71,642
    BankPlus 6410 Watkins Dr Jackson, MS 39213 Full Service B&M $43,454
    BankPlus 6644 Airways Boulevard Southaven, MS 38671 Full Service B&M $21,543
    BankPlus 712 East Fifteenth Street Yazoo City, MS 39194 Full Service B&M $48,804
    BankPlus 730 Adkins Boulevard Jackson, MS 39211 Full Service B&M $68,284
    BankPlus 7340 S Siwell Rd Byram, MS 39272 Full Service B&M $85,622
    BankPlus 885 East Commerce Street Hernando, MS 38632 Full Service B&M $21,544
    BankPlus 888 Highway 16 West Holly Bluff, MS 39088 Full Service B&M $6,275
    BankPlus 8990 Pigeon Roost Road Olive Branch, MS 38654 Full Service B&M $35,905
    BankPlus 912 Dalton Street Jackson, MS 39203 Full Service B&M $62,076
    BankPlus 913 Mississippi Drive Waynesboro, MS 39367 Full Service B&M $34,842
    BankPlus 951 Highway 43 South Picayune, MS 39466 Full Service B&M $47,711
    BankPlus High Street Shubuta, MS 39360 Full Service B&M $3,120
    BankPlus North 1st And Lexington Streets Pickens, MS 39146 Full Service B&M $3,417
    BankPlus State Highway 513 Stonewall, MS 39363 Full Service B&M $3,900

    For 2019, Bankplus had 58 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $124,234
    Net interest income $105,472
    Total noninterest income $60,047
    Gross Fiduciary activities income $5,964
    Service charges on deposit accounts $28,039
    Trading account gains and fees $0
    Additional Noninterest Income $26,044
    Pre-tax net operating income $49,801
    Securities gains (or losses, -) $76
    Income before extraordinary items $40,077
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $40,077
    Minority interest net income $0
    Net income $40,077
    Sale, conversion, retirement of capital stock, net $633
    Net operating income $40,016

    Bankplus's gross interest income from loans was $124,234,000.
    Bankplus's net interest income from loans was $105,472,000.
    Bankplus's fee based income from loans was $28,039,000.
    Bankplus's net income from loans was $40,077,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $18,762
    Provision for credit losses $697
    Total noninterest expense $115,021
    Salaries and employee benefits $65,857
    Premises and equipment expense $17,813
    Additional noninterest expense $31,351
    Applicable income taxes $9,800
    Net charge-offs $3,697
    Cash dividends $18,000

    Bankplus's interest expense for loans was $18,762,000.
    Bankplus's payroll and benefits expense were $65,857,000.
    Bankplus's property, plant and equipment expenses $17,813,000.

    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 1.0%
    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 $2,609,358
    Deposits held in domestic offices $2,609,358
    Deposits by Individuals, partnerships, and corporations $2,179,708
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $420,890
    Deposits by Commercial banks and other depository institutions in U.S. $8,760
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $459,509
    Demand deposits $359,659
    Nontransaction accounts $2,149,849
    Money market deposit accounts (MMDAs) $1,545,171
    Other savings deposits (excluding MMDAs) $219,961
    Total time deposits $384,717
    Total time and savings deposits $2,249,699
    Noninterest-bearing deposits $654,670
    Interest-bearing deposits $1,954,688
    Retail deposits $2,502,567
    IRAs and Keogh plan accounts $46,666
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $2,971,297
    Cash & Balances due from depository institutions $312,972
    Interest-bearing balances $267,497
    Total securities $378,927
    Federal funds sold & reverse repurchase $0
    Net loans and leases $2,071,270
    Loan and leases loss allowance $21,500
    Trading account assets $0
    Bank premises and fixed assets $113,086
    Other real estate owned $2,661
    Goodwill and other intangibles $2,716
    All other assets $89,665

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $2,971,297
    Total Liabilities $2,683,786
    Total deposits $2,609,358
    Interest-bearing deposits $1,954,688
    Deposits held in domestic offices $2,609,358
    % insured (estimated) $76
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $60,700
    Subordinated debt $0
    All other liabilities $13,728

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $2,071,270
    Loan and leases loss allowance $21,500
    Total loans and leases (domestic) $2,092,770
    All real estate loans $1,627,253
    Real estate loans in domestic offices $1,627,253
    Construction and development loans $228,612
    Residential 1-4 family construction $63,603
    Other construction, all land development and other land $165,009
    Loans secured by nonfarm nonresidential properties $634,694
    Nonfarm nonresidential secured by owner-occupied properties $358,189
    Commercial real estate & other non-farm, non-residential $276,505
    Multifamily residential real estate $29,451
    1-4 family residential loans $571,505
    Farmland loans $162,991
    Loans held in foreign offices $0
    Farm loans $70,145
    Commercial and industrial loans $326,099
    To non-U.S. addressees $0
    Loans to individuals $57,621
    Credit card loans $0
    Related Plans $13,007
    Consumer Auto Loans $13,059
    Other loans to individuals $31,555
    All other loans & leases $11,652
    Loans to foreign governments and official institutions $0
    Other loans $11,652
    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 $2,376
    Non 1-4 family restructured loans & leases $427
    Total loans and leases (foreign) $0

    BankPlus had $2,071,270,000 of loans outstanding in 2019. $1,627,253,000 of loans were in real estate loans. $228,612,000 of loans were in development loans. $29,451,000 of loans were in multifamily mortgage loans. $571,505,000 of loans were in 1-4 family mortgage loans. $70,145,000 of loans were in farm loans. $0 of loans were in credit card loans. $13,059,000 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 821 $183,577 $223,602
    Nonfarm, nonresidential loans - <$100k 195 $8,885 $45,564
    Nonfarm, nonresidential loans - $100-250k 290 $36,752 $126,731
    Nonfarm, nonresidential loans - $250k-1MM 336 $137,940 $410,536
    Commercial & Industrial, US addressed loans - <$1MM 2,591 $143,247 $55,286
    Commercial & Industrial, US addressed loans - <$100k 2,076 $41,062 $19,779
    Commercial & Industrial, US addressed loans - $100-250k 287 $29,667 $103,369
    Commercial & Industrial, US addressed loans - $250k-1MM 228 $72,518 $318,061
    Farmland loans - <$1MM 613 $58,153 $94,866
    Farmland loans - <$100k 376 $14,479 $38,508
    Farmland loans - $100-250k 153 $21,194 $138,523
    Farmland loans - $250k-1MM 84 $22,480 $267,619
    Agriculture operations loans - <$1MM 631 $26,941 $42,696
    Agriculture operations loans - <$100k 526 $10,927 $20,774
    Agriculture operations loans - $100-250k 67 $7,535 $112,463
    Agriculture operations loans - $250k-1MM 38 $8,479 $223,132