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™
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    • 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 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 by origination volume include: Jackson, Tupelo, Memphis, Oxford, and Picayune among others. We have data for 62 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Bankplus has an above 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% 4/18/24
    30 Year Conventional Purchase 6.54% 4/18/24
    30 Year Conventional Refi 6.48% 4/18/24
    30 Year Cash-out Refi 6.62% 4/18/24
    30 Year FHA Purchase 7.18% 4/18/24
    30 Year FHA Refi 7.23% 4/18/24
    30 Year VA Purchase 6.16% 4/18/24
    30 Year USDA Purchase 6.90% 4/18/24
    15 Year Conventional Purchase 6.13% 4/18/24
    15 Year Conventional Refi 6.01% 4/18/24
    15 Year Cash-out Refi 6.01% 4/18/24
    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

    2,631

    Origination Dollar Volume (All Markets)

    $584,005,000

    Employee count

    975 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) 1,557 $354,365,000 $227,595 $2,532 3.02%
    Tupelo, MS (FHA|USDA|VA) 231 $51,785,000 $224,177 $2,556 3.20%
    MEMPHIS, TN-MS-AR (FHA|USDA|VA) 196 $38,920,000 $198,571 $2,805 2.63%
    Oxford, MS (FHA|USDA|VA) 45 $16,765,000 $372,556 $2,527 3.53%
    Picayune, MS (FHA|USDA|VA) 109 $15,075,000 $138,303 $2,695 3.56%
    Outside of Metro Areas 104 $13,500,000 $129,808 $2,421 4.44%
    Meridian, MS (FHA|USDA|VA) 107 $10,105,000 $94,439 $1,822 4.25%
    CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 10 $8,880,000 $888,000 $4,193 3.75%
    MOBILE, AL (FHA|USDA|VA) 25 $8,075,000 $323,000 $2,368 3.00%
    DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) 16 $7,660,000 $478,750 $2,758 2.87%
    GULFPORT-BILOXI, MS (FHA|USDA|VA) 36 $7,600,000 $211,111 $3,316 4.06%
    NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 12 $4,600,000 $383,333 $2,466 3.09%
    NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) 14 $4,550,000 $325,000 $3,995 2.81%
    Enterprise, AL (FHA|USDA|VA) 18 $3,830,000 $212,778 $2,522 2.86%
    Vicksburg, MS (FHA|USDA|VA) 9 $2,585,000 $287,222 $3,446 3.51%
    Starkville, MS (FHA|USDA|VA) 17 $2,585,000 $152,059 $2,408 3.35%
    PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 5 $2,095,000 $419,000 $3,920 3.15%
    BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) 7 $1,985,000 $283,571 $2,397 3.21%
    Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 1 $1,975,000 $1,975,000 $7,389 3.95%
    BATON ROUGE, LA (FHA|USDA|VA) 8 $1,930,000 $241,250 $3,038 3.12%
    HATTIESBURG, MS (FHA|USDA|VA) 9 $1,795,000 $199,444 $2,761 2.84%
    Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 3 $1,635,000 $545,000 $3,865 3.51%
    Brookhaven, MS (FHA|USDA|VA) 8 $1,530,000 $191,250 $2,527 3.11%
    Columbus, MS (FHA|USDA|VA) 5 $1,255,000 $251,000 $2,367 3.35%
    CHATTANOOGA, TN-GA (FHA|USDA|VA) 2 $1,200,000 $600,000 $4,237 3.50%
    LOUISVILLE, KY (FHA|USDA|VA) 3 $1,115,000 $371,667 $2,431 3.18%
    LAFAYETTE, LA (FHA|USDA|VA) 3 $1,095,000 $365,000 $2,556 4.33%
    DOTHAN, AL (FHA|USDA|VA) 5 $1,055,000 $211,000 $1,981 2.98%
    Jackson, WY-ID (FHA|USDA|VA) 2 $1,030,000 $515,000 $3,297 2.81%
    MONTGOMERY, AL (FHA|USDA|VA) 2 $860,000 $430,000 $1,778 3.38%
    Cleveland, MS (FHA|USDA|VA) 3 $765,000 $255,000 $2,545 3.79%
    Laurel, MS (FHA|USDA|VA) 10 $750,000 $75,000 $1,441 4.01%
    CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 2 $710,000 $355,000 $2,797 3.25%
    LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) 2 $590,000 $295,000 $3,689 3.35%
    McComb, MS (FHA|USDA|VA) 3 $545,000 $181,667 $2,732 2.42%
    ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 3 $525,000 $175,000 $2,652 2.38%
    Ozark, AL (FHA|USDA|VA) 1 $515,000 $515,000 $2,035 2.50%
    MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) 1 $515,000 $515,000 $3,854 2.50%
    HAMMOND, LA (FHA|USDA|VA) 3 $495,000 $165,000 $2,478 3.13%
    Greenville, MS (FHA|USDA|VA) 3 $495,000 $165,000 $0 2.08%
    SPARTANBURG, SC (FHA|USDA|VA) 1 $485,000 $485,000 $3,332 2.88%
    KNOXVILLE, TN (FHA|USDA|VA) 1 $445,000 $445,000 $1,245 2.25%
    KANSAS CITY, MO-KS (FHA|USDA|VA) 2 $430,000 $215,000 $2,174 3.63%
    TUCSON, AZ (FHA|USDA|VA) 1 $415,000 $415,000 $2,104 3.13%
    Indianola, MS (FHA|USDA|VA) 3 $405,000 $135,000 $5,155 4.29%
    Cullowhee, NC (FHA|USDA|VA) 1 $405,000 $405,000 $3,926 2.63%
    OKLAHOMA CITY, OK (FHA|USDA|VA) 2 $370,000 $185,000 $2,716 3.00%
    Corinth, MS (FHA|USDA|VA) 2 $370,000 $185,000 $0 1.98%
    West Point, MS (FHA|USDA|VA) 2 $340,000 $170,000 $3,282 1.31%
    Grenada, MS (FHA|USDA|VA) 2 $340,000 $170,000 $4,756 3.06%
    Natchez, MS-LA (FHA|USDA|VA) 1 $325,000 $325,000 $3,663 2.13%
    Greenwood, MS (FHA|USDA|VA) 3 $315,000 $105,000 $2,221 3.00%
    Wilson, NC (FHA|USDA|VA) 1 $315,000 $315,000 $2,952 3.50%
    Sevierville, TN (FHA|USDA|VA) 1 $285,000 $285,000 $2,879 4.50%
    TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 1 $275,000 $275,000 $3,064 2.75%
    Jasper, AL (FHA|USDA|VA) 1 $235,000 $235,000 $0 3.50%
    ALEXANDRIA, LA (FHA|USDA|VA) 1 $225,000 $225,000 $3,354 2.88%
    HUNTSVILLE, AL (FHA|USDA|VA) 1 $185,000 $185,000 $2,745 3.38%
    WINSTON-SALEM, NC (FHA|USDA|VA) 1 $175,000 $175,000 $1,314 2.63%
    ANNISTON-OXFORD, AL (FHA|USDA|VA) 1 $145,000 $145,000 $125 2.88%
    Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 1 $105,000 $105,000 $2,542 4.25%
    TUSCALOOSA, AL (FHA|USDA|VA) 1 $75,000 $75,000 $1,674 4.75%
    Bankplus's top markets include Jackson, Tupelo, Memphis, Oxford, and Picayune among others.

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

    Jefferson Parish Employees FCU
    Similarity Rank: 77
    Eureka Homestead
    Similarity Rank: 112
    RIVERTRUST Federal Credit Union
    Similarity Rank: 459
    America's Mortgage Resource, Inc.
    Similarity Rank: 640
    GREATER NEW ORLEANS
    Similarity Rank: 680
    AVADIAN
    Similarity Rank: 792
    Home Bank
    Similarity Rank: 966
    RESOURCE FINANCIAL SERVICES, INC.
    Similarity Rank: 1020
    Financial Federal Bank
    Similarity Rank: 1053
    The Bank of Fayette County
    Similarity Rank: 1200

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 1,865 $498,675,000 $267,386 $2,459 3.65%
    HELOC 648 $61,720,000 $95,247 n/a 1.83%
    FHA 75 $13,915,000 $185,533 $4,361 2.95%
    VA 22 $5,990,000 $272,273 $5,599 2.65%
    USDA 21 $3,705,000 $176,429 $2,475 3.20%

    For 2020, Bankplus's most frequently originated type of loan was Conventional, with 1,865 originations. Their 2nd most popular type was HELOC, with 648 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 1,146 $246,360,000 $214,974 $2,570 3.58%
    Home Purchase 947 $247,065,000 $260,892 $2,523 3.41%
    Home Improvement 236 $16,770,000 $71,059 $1,210 1.42%
    Cash Out Refi 175 $60,625,000 $346,429 $3,077 3.02%
    Other 127 $13,185,000 $103,819 $1,758 1.18%

    For 2020, Bankplus's most frequently cited loan purpose was Refi, with 1,146 originations. The 2nd most popular reason was Home Purchase, with 947 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 1,062 $163,040,000 $153,522 $2,156 3.04%
    30 Year 954 $281,170,000 $294,727 $2,763 3.03%
    15 Year 307 $82,495,000 $268,713 $2,616 2.70%
    5 Year 173 $26,075,000 $150,723 $897 4.91%
    20 Year 66 $16,400,000 $248,485 $2,606 3.06%
    1 Year 53 $11,795,000 $222,547 $2,120 5.07%
    10 Year 9 $2,755,000 $306,111 $2,036 4.39%
    3 Year 7 $275,000 $39,286 $742 6.12%

    For 2020, Bankplus's most frequently cited loan duration was Other, with 1,062 originations. The 2nd most popular length was 30 Year, with 954 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 1,400 $366,780,000 $261,986
    $1k-2k 278 $88,770,000 $319,317
    $2k-3k 35 $12,075,000 $345,000
    $3k-4k 10 $3,960,000 $396,000
    $4k-5k 3 $1,115,000 $371,667
    $5k+ 1 $615,000 $615,000

    Bankplus's average total fees were $2,763, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 1,400 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 893 $224,675,000 $251,596
    2.5-3% 650 $190,670,000 $293,338
    <2.5% 560 $98,280,000 $175,500
    4-5% 260 $48,310,000 $185,808
    5-6% 143 $12,995,000 $90,874
    6-7% 61 $5,345,000 $87,623
    Over 8% 47 $2,755,000 $58,617
    7-8% 16 $910,000 $56,875

    During 2020, Bankplus's average interest rate for loans was 3.03%, while their most frequently originated rate bucket for loans was 3-4%, with 893 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 831 $230,855,000 $277,804 $2,649 3.05%
    $100,000 or less 742 $38,170,000 $51,442 $1,574 3.34%
    $100k-200k 656 $97,240,000 $148,232 $2,250 3.22%
    $400k-600k 360 $174,280,000 $484,111 $3,305 2.94%
    $600k-1MM 28 $21,470,000 $766,786 $3,668 3.94%
    $1MM+ 14 $21,990,000 $1,570,714 $4,811 3.64%

    2020 saw Bankplus place emphasis on $200k-400k loans with 831 originations, totaling $230,855,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 488 $103,600,000 $212,295 $2,757 2.94%
    $250k+ 474 $166,670,000 $351,624 $2,844 2.99%
    $150k-250k 451 $112,455,000 $249,346 $2,719 2.91%
    $75k-100k 366 $69,500,000 $189,891 $2,649 3.14%
    $50k-75k 364 $51,370,000 $141,126 $2,301 3.28%
    $50k or less 261 $24,315,000 $93,161 $2,050 3.68%

    Bankplus lent most frequently to those with incomes in the $100k-150k range, with 488 originations. The second most popular income band? $250k+, with 474 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 692 $147,440,000 $213,064 $2,497 2.95%
    <20% 456 $105,400,000 $231,140 $2,487 2.91%
    30-36% 429 $99,175,000 $231,177 $2,602 3.00%
    41% 80 $16,850,000 $210,625 $2,616 3.06%
    37% 77 $18,145,000 $235,649 $2,507 3.26%
    36% 77 $15,235,000 $197,857 $2,577 3.25%
    44% 73 $14,815,000 $202,945 $2,456 3.03%
    38% 67 $15,065,000 $224,851 $2,484 2.90%
    42% 66 $12,010,000 $181,970 $2,473 3.31%
    40% 65 $15,635,000 $240,538 $2,695 3.02%
    43% 65 $13,675,000 $210,385 $2,401 3.52%
    39% 65 $14,455,000 $222,385 $2,630 3.23%
    50-60% 42 $7,570,000 $180,238 $4,019 3.42%
    47% 39 $10,215,000 $261,923 $2,865 3.32%
    46% 34 $9,360,000 $275,294 $3,223 2.95%
    >60% 30 $5,290,000 $176,333 $2,117 5.91%
    48% 23 $5,335,000 $231,957 $3,676 2.84%
    45% 21 $5,625,000 $267,857 $2,820 3.43%
    49% 10 $3,800,000 $380,000 $3,336 3.41%

    Bankplus lent most frequently to those with DTI ratios of 20-30%, with 692 originations. The next most common DTI ratio? <20%, with 456 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 2,084 $468,650,000 $224,880 $2,602 3.04%
    Not provided 155 $41,735,000 $269,258 $2,655 2.87%
    Not applicable 133 $35,625,000 $267,857 $0 4.53%
    Black 219 $27,665,000 $126,324 $2,306 3.82%
    Asian 29 $7,515,000 $259,138 $2,602 2.90%
    American Indian 6 $1,330,000 $221,667 $1,866 4.17%
    Asian Indian 4 $1,270,000 $317,500 $3,805 3.97%
    Other Pacific Islander 1 $215,000 $215,000 $0 3.63%

    Approval Rates

    Total approvals of all applications
    90.49%

    Bankplus has an average approval rate.

    Pick Rate

    Approvals leading to origination
    80.50%

    Bankplus has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    80.0 1 $5,000 $5,000
    NA 2,630 $584,000,000 $222,053

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 19 $8,275,000 $435,526
    Single Family (1-4 Units):Manufactured 37 $2,185,000 $59,054
    Single Family (1-4 Units):Site-Built 2,575 $573,545,000 $222,736

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 389 $55,715,000 $143,226 $2,099 2.91%
    40-60% 376 $104,490,000 $277,899 $2,868 3.15%
    60-80% 842 $222,050,000 $263,717 $2,657 3.33%
    80-100% 709 $177,145,000 $249,852 $2,547 3.45%
    Over 100% 29 $8,965,000 $309,138 $4,060 3.35%
    Under 20% 286 $15,640,000 $54,685 $1,226 2.35%

    Complaints

    Bank Name Product Issue 2020 CPFB Complaints % of Total Issues
    BANK OF THE WEST Conventional home mortgage Incorrect information on your report 1 3.8%
    BANK OF THE WEST Conventional home mortgage Closing on a mortgage 2 7.7%
    BANK OF THE WEST Other type of mortgage Trouble during payment process 4 15.4%
    BANK OF THE WEST Other type of mortgage Struggling to pay mortgage 2 7.7%
    BANK OF THE WEST Other type of mortgage Applying for a mortgage or refinancing an existing mortgage 1 3.8%
    BANK OF THE WEST Home equity loan or line of credit (HELOC) Trouble during payment process 6 23.1%
    BANK OF THE WEST Home equity loan or line of credit (HELOC) Struggling to pay mortgage 1 3.8%
    BANK OF THE WEST Home equity loan or line of credit (HELOC) Closing on a mortgage 2 7.7%
    BANK OF THE WEST Conventional home mortgage Trouble during payment process 4 15.4%
    BANK OF THE WEST Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 2 7.7%
    BANK OF THE WEST Conventional home mortgage Struggling to pay mortgage 1 3.8%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Bankplus 100 Court Square Lexington, MS 39095 Full Service B&M $130,093
    Bankplus 100 Julia Street Isola, MS 38754 Full Service B&M $2,737
    Bankplus 100 Orleans Way Brandon, MS 39042 Full Service B&M $73,699
    Bankplus 100 Sunflower Road Cleveland, MS 38732 Full Service B&M $32,003
    Bankplus 1010 Common Street, Suite A103 New Orleans, LA 70112 Full Service B&M $14,709
    Bankplus 1010 Highland Colony Parkway Ridgeland, MS 39157 Full Service B&M $165,500
    Bankplus 102 Johnston Place Clinton, MS 39056 Full Service B&M $75,139
    Bankplus 1028 Highway 51 Mccomb, MS 39648 Full Service B&M $42,183
    Bankplus 105 S Main Street Poplarville, MS 39470 Full Service B&M $42,386
    Bankplus 105 Webster Circle Madison, MS 39110 Full Service B&M $73,555
    Bankplus 107 Founders Drive Baton Rouge, LA 70810 Full Service B&M $21,508
    Bankplus 107 Terra Bella Blvd Covington, LA 70433 Full Service B&M $19,456
    Bankplus 108 West Cynthia Street Clinton, MS 39056 Full Service B&M $46,962
    Bankplus 1141 Montlimar Drive, Suite 2012 Mobile, AL 36609 Full Service B&M $34,873
    Bankplus 115 Williams Street Picayune, MS 39466 Full Service B&M $23,548
    Bankplus 1200 Eastover Drive Jackson, MS 39211 Full Service B&M $98,500
    Bankplus 1243 Gluckstadt Road Madison, MS 39110 Full Service B&M $48,076
    Bankplus 129 S. Frontage Road Newton, MS 39345 Full Service B&M $32,943
    Bankplus 147 South Railroad Avenue Brookhaven, MS 39601 Full Service B&M $132,551
    Bankplus 151 South Fourth Street Eunice, LA 70535 Full Service B&M $29,624
    Bankplus 15351 North Jackson Street Durant, MS 39063 Full Service B&M $7,227
    Bankplus 1663 Sunset Drive Grenada, MS 38901 Full Service B&M $56,631
    Bankplus 1700 Highway 59 Mandeville, LA 70448 Full Service B&M $27,983
    Bankplus 1845 Spillway Road Brandon, MS 39047 Full Service B&M $60,693
    Bankplus 1911 North Hills Street Meridian, MS 39305 Full Service B&M $45,144
    Bankplus 193 Promenade Boulevard Flowood, MS 39232 Full Service B&M $69,364
    Bankplus 1936 E Gause Blvd Slidell, LA 70461 Full Service B&M $23,299
    Bankplus 200 Jerry Clower Boulevard Yazoo City, MS 39194 Full Service B&M $99,131
    Bankplus 201 South Commerce Street Geneva, AL 36340 Full Service B&M $97,536
    Bankplus 202 Jackson Street Belzoni, MS 39038 Full Service B&M $179,762
    Bankplus 2020 Strawberry Hill Drive Madison, MS 39110 Full Service B&M $82,749
    Bankplus 205 East Troy Street Tupelo, MS 38804 Full Service B&M $66,981
    Bankplus 206 East Grubbs Street Enterprise, AL 36330 Full Service B&M $23,765
    Bankplus 206 Main Street Tchula, MS 39169 Full Service B&M $2,891
    Bankplus 215 22nd Street Meridian, MS 39301 Full Service B&M $43,924
    Bankplus 217 Clinton Boulevard Clinton, MS 39056 Full Service B&M $65,746
    Bankplus 2304 Goodman Road Horn Lake, MS 38637 Full Service B&M $25,375
    Bankplus 2351 Lakeland Drive Flowood, MS 39232 Full Service B&M $47,687
    Bankplus 241 West Government Street Brandon, MS 39042 Full Service B&M $39,017
    Bankplus 2600 False River Drive New Roads, LA 70760 Full Service B&M $24,896
    Bankplus 2925 Terry Road Jackson, MS 39215 Full Service B&M $62,211
    Bankplus 300 Nissan Drive Canton, MS 39046 Full Service B&M $21,599
    Bankplus 301 S Archusa Ave Quitman, MS 39355 Full Service B&M $77,301
    Bankplus 3045 Goodman Road Southaven, MS 38672 Full Service B&M $26,281
    Bankplus 3100 North State Street, Suite 100 Jackson, MS 39216 Full Service B&M $62,211
    Bankplus 332 Broad Street Monticello, MS 39654 Full Service B&M $25,427
    Bankplus 3366 North Liberty Street Canton, MS 39046 Full Service B&M $76,462
    Bankplus 371 South Gloster Street Tupelo, MS 38801 Full Service B&M $12,366
    Bankplus 3993 North Gloster Street Tupelo, MS 38804 Full Service B&M $8,244
    Bankplus 4001 West Main Street Tupelo, MS 38804 Full Service B&M $15,457
    Bankplus 406 Riverwind Drive Pearl, MS 39208 Full Service B&M $78,034
    Bankplus 41 West I-65 Service Road North Ste 195 Mobile, AL 36608 Full Service B&M $1
    Bankplus 420 Northpark Drive Ridgeland, MS 39157 Full Service B&M $67,809
    Bankplus 428 Sumrall Road Columbia, MS 39429 Full Service B&M $55,173
    Bankplus 4482 West Main Street Dothan, AL 36303 Full Service B&M $61,770
    Bankplus 4837 Main Street Flora, MS 39071 Full Service B&M $154,289
    Bankplus 4950 Venture Drive Southaven, MS 38671 Full Service B&M $28,094
    Bankplus 509 Lakeland Place Flowood, MS 39232 Full Service B&M $65,028
    Bankplus 510 Highway 51 Ridgeland, MS 39157 Full Service B&M $70,107
    Bankplus 600 Brookway Boulevard Brookhaven, MS 39601 Full Service B&M $25,812
    Bankplus 609 Farmer Street Port Gibson, MS 39150 Full Service B&M $35,170
    Bankplus 620 North Davis Cleveland, MS 38732 Full Service B&M $28,705
    Bankplus 6410 Watkins Dr Jackson, MS 39213 Full Service B&M $67,395
    Bankplus 6644 Airways Boulevard Southaven, MS 38671 Full Service B&M $25,828
    Bankplus 665 Florida Street Baton Rouge, LA 70801 Full Service B&M $42,047
    Bankplus 712 East Fifteenth Street Yazoo City, MS 39194 Full Service B&M $55,961
    Bankplus 730 Adkins Boulevard Jackson, MS 39211 Full Service B&M $119,237
    Bankplus 7340 S Siwell Rd Byram, MS 39272 Full Service B&M $97,397
    Bankplus 822 South Range Avenue Denham Springs, LA 70726 Full Service B&M $19,063
    Bankplus 885 East Commerce Street Hernando, MS 38632 Full Service B&M $30,359
    Bankplus 888 Highway 16 West Holly Bluff, MS 39088 Full Service B&M $4,797
    Bankplus 8990 Pigeon Roost Road Olive Branch, MS 38654 Full Service B&M $45,312
    Bankplus 912 Dalton Street Jackson, MS 39203 Full Service B&M $108,869
    Bankplus 913 Mississippi Drive Waynesboro, MS 39367 Full Service B&M $39,978
    Bankplus 916 Highway 82 Bypass Greenwood, MS 38930 Full Service B&M $42,076
    Bankplus 951 Highway 43 South Picayune, MS 39466 Full Service B&M $51,806
    Bankplus Fagan Drive Hammond, LA 70403 Full Service B&M $15,542
    Bankplus High Street Shubuta, MS 39360 Full Service B&M $3,398
    Bankplus North 1st And Lexington Streets Pickens, MS 39146 Full Service B&M $4,336
    Bankplus State Highway 513 Stonewall, MS 39363 Full Service B&M $4,247

    For 2020, Bankplus had 80 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $170,470
    Net interest income $155,995
    Total noninterest income $65,631
    Gross Fiduciary activities income $6,231
    Service charges on deposit accounts $23,062
    Trading account gains and fees $0
    Additional Noninterest Income $36,338
    Pre-tax net operating income $52,933
    Securities gains (or losses, -) $58
    Income before extraordinary items $42,231
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $42,231
    Minority interest net income $0
    Net income $42,231
    Sale, conversion, retirement of capital stock, net $1,316
    Net operating income $42,184

    Bankplus's gross interest income from loans was $170,470,000.
    Bankplus's net interest income from loans was $155,995,000.
    Bankplus's fee based income from loans was $23,062,000.
    Bankplus's net income from loans was $42,231,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $14,475
    Provision for credit losses $17,112
    Total noninterest expense $151,581
    Salaries and employee benefits $89,806
    Premises and equipment expense $21,062
    Additional noninterest expense $40,713
    Applicable income taxes $10,760
    Net charge-offs $2,612
    Cash dividends $22,050

    Bankplus's interest expense for loans was $14,475,000.
    Bankplus's payroll and benefits expense were $89,806,000.
    Bankplus's property, plant and equipment expenses $21,062,000.

    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 $4,218,611
    Deposits held in domestic offices $4,218,611
    Deposits by Individuals, partnerships, and corporations $3,606,917
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $605,995
    Deposits by Commercial banks and other depository institutions in U.S. $5,699
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $913,438
    Demand deposits $671,733
    Nontransaction accounts $3,305,173
    Money market deposit accounts (MMDAs) $2,238,422
    Other savings deposits (excluding MMDAs) $372,787
    Total time deposits $693,964
    Total time and savings deposits $3,546,878
    Noninterest-bearing deposits $1,296,669
    Interest-bearing deposits $2,921,942
    Retail deposits $4,039,166
    IRAs and Keogh plan accounts $84,887
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $4,699,272
    Cash & Balances due from depository institutions $617,429
    Interest-bearing balances $508,196
    Total securities $405,139
    Federal funds sold & reverse repurchase $20,116
    Net loans and leases $3,369,307
    Loan and leases loss allowance $36,000
    Trading account assets $0
    Bank premises and fixed assets $138,260
    Other real estate owned $4,905
    Goodwill and other intangibles $8,173
    All other assets $135,943

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $4,699,272
    Total Liabilities $4,296,993
    Total deposits $4,218,611
    Interest-bearing deposits $2,921,942
    Deposits held in domestic offices $4,218,611
    % insured (estimated) $73
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $57,773
    Subordinated debt $0
    All other liabilities $20,609

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $3,369,307
    Loan and leases loss allowance $36,000
    Total loans and leases (domestic) $3,405,307
    All real estate loans $2,620,210
    Real estate loans in domestic offices $2,620,210
    Construction and development loans $401,932
    Residential 1-4 family construction $116,499
    Other construction, all land development and other land $285,433
    Loans secured by nonfarm nonresidential properties $1,171,946
    Nonfarm nonresidential secured by owner-occupied properties $562,226
    Commercial real estate & other non-farm, non-residential $609,720
    Multifamily residential real estate $59,902
    1-4 family residential loans $768,938
    Farmland loans $217,492
    Loans held in foreign offices $0
    Farm loans $85,584
    Commercial and industrial loans $627,048
    To non-U.S. addressees $0
    Loans to individuals $71,282
    Credit card loans $0
    Related Plans $14,969
    Consumer Auto Loans $14,233
    Other loans to individuals $42,080
    All other loans & leases $11,836
    Loans to foreign governments and official institutions $0
    Other loans $11,460
    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 $1,916
    Non 1-4 family restructured loans & leases $0
    Total loans and leases (foreign) $0

    BankPlus had $3,369,307,000 of loans outstanding in 2020. $2,620,210,000 of loans were in real estate loans. $401,932,000 of loans were in development loans. $59,902,000 of loans were in multifamily mortgage loans. $768,938,000 of loans were in 1-4 family mortgage loans. $85,584,000 of loans were in farm loans. $0 of loans were in credit card loans. $14,233,000 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 1,436 $339,397 $236,349
    Nonfarm, nonresidential loans - <$100k 331 $14,020 $42,356
    Nonfarm, nonresidential loans - $100-250k 455 $57,336 $126,013
    Nonfarm, nonresidential loans - $250k-1MM 650 $268,041 $412,371
    Commercial & Industrial, US addressed loans - <$1MM 6,496 $340,358 $52,395
    Commercial & Industrial, US addressed loans - <$100k 5,461 $120,872 $22,134
    Commercial & Industrial, US addressed loans - $100-250k 623 $70,784 $113,618
    Commercial & Industrial, US addressed loans - $250k-1MM 412 $148,702 $360,927
    Farmland loans - <$1MM 885 $81,261 $91,820
    Farmland loans - <$100k 523 $20,083 $38,400
    Farmland loans - $100-250k 247 $30,645 $124,069
    Farmland loans - $250k-1MM 115 $30,533 $265,504
    Agriculture operations loans - <$1MM 739 $32,031 $43,344
    Agriculture operations loans - <$100k 606 $12,833 $21,177
    Agriculture operations loans - $100-250k 87 $9,855 $113,276
    Agriculture operations loans - $250k-1MM 46 $9,343 $203,109