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 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, New Orleans, Tupelo, Memphis, and Picayune among others. We have data for 70 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% 12/29/24
    30 Year Conventional Purchase 6.54% 12/29/24
    30 Year Conventional Refi 6.48% 12/29/24
    30 Year Cash-out Refi 6.62% 12/29/24
    30 Year FHA Purchase 7.18% 12/29/24
    30 Year FHA Refi 7.23% 12/29/24
    30 Year VA Purchase 6.16% 12/29/24
    30 Year USDA Purchase 6.90% 12/29/24
    15 Year Conventional Purchase 6.13% 12/29/24
    15 Year Conventional Refi 6.01% 12/29/24
    15 Year Cash-out Refi 6.01% 12/29/24
    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

    3,096

    Origination Dollar Volume (All Markets)

    $710,570,000

    Employee count

    983 Show all (19) 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) 1,562 $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.

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

    RIVERTRUST Federal Credit Union
    Similarity Rank: 96
    Eureka Homestead
    Similarity Rank: 204
    GREATER NEW ORLEANS
    Similarity Rank: 543
    CB&S Bank, Inc.
    Similarity Rank: 800
    America's Mortgage Resource, Inc.
    Similarity Rank: 891
    JEFFERSON FINANCIAL
    Similarity Rank: 936
    Red River Bank
    Similarity Rank: 1026
    Leaders Credit Union
    Similarity Rank: 1050
    AVADIAN
    Similarity Rank: 1073
    The Citizens National Bank of Meridian
    Similarity Rank: 1155

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 2,261 $612,695,000 $270,984 $2,619 3.67%
    HELOC 725 $75,665,000 $104,366 n/a 1.52%
    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 2021, Bankplus's most frequently originated type of loan was Conventional, with 2,261 originations. Their 2nd most popular type was HELOC, with 725 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. 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 2021, Bankplus's most frequently cited loan purpose was Refi, with 1,257 originations. The 2nd most popular reason was 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 2021, Bankplus's most frequently cited loan duration was Other, with 1,295 originations. The 2nd most popular length was 30 Year, with 987 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost 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 17 $11,565,000 $680,294
    $5k+ 7 $6,115,000 $873,571
    $4k-5k 6 $2,940,000 $490,000

    Bankplus's average total fees were $2,908, while their most frequently occuring range of origination fees (closing costs) 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 for loans was 2.96%, while their most frequently originated rate bucket for loans was 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
    90.94%

    Bankplus has an average approval rate.

    Pick Rate

    Approvals leading to origination
    80.01%

    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 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 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 151 South Fourth Street Eunice, LA 70535 Full Service B&M $27,436
    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
    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 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 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 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

    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