BankFirst Financial Services in Macon, Mississippi (MS)
Overview, Financial Summary, Detailed Financial Reports, Branches

BankFirst Financial Services - Overview

  • General
  • FDIC Certificate #: 8870
    Status: Active
    Federal Reserve ID: 914648
    Bank Holding Company (Regulatory Top Holder): Bankfirst Capital Corporation (RSSDID: 1247455, Location: Macon, MS)
    Date Established: June 01, 1888
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 14 (Domestic: 14, Interstate: No)
    OTS Docket #: 10529
    FDIC's unique #: 5663
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: Yes
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: March 31, 2006
    Last Structure Change Process Date: November 03, 2006
    Last Data Update: November 03, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: 110 South Jefferson Street, Macon, MS 39341
    County: Noxubee
    Quarterly Banking Profile Region: Dallas
    FDIC Geographic Region: Dallas
    FDIC Supervisory Region: Dallas
    FDIC Field Office: Jackson Ms
    Office of the Comptroller the Currency (OCC) District: Southwest
    Office of Thrift Supervision Region: West
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $718.9 mil
    Equity capital: $65.6 mil
    Deposits held in domestic offices: $600.2 mil
    Return on assets (ROA): 0.90% ($6.5 mil)
    Quarterly return on assets: 0.76% ($5.5 mil)
    Return on Equity (ROE): 10.42% ($6.9 mil)
    Quarterly return on equity: 8.35% ($5.5 mil)
    Net income: $6.2 mil
    Quarterly Net income: $1.4 mil
    Pretax return on assets: 1.34% ($9,632.7 mil)
    Quarterly Pretax return on assets: 1.16% ($8,338.8 mil)

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

2000 - 2011 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Historical total employees (full-time equivalent)

Assets and Liabilities (December 31, 2011)

  • Dollar figures in thousands
  • 153Total employees (full-time equivalent)
  • $718,860Total assets
  • $47,093Cash and due from depository institutions
  • $35,507Interest-bearing balances
  • $96,170Securities
  • $666Federal funds sold & reverse repurchase agreements
  • $533,712Net loans & leases
  • $7,830Loan loss allowance
  • $0Trading account assets
  • $18,486Bank premises and fixed assets
  • $2,002Other real estate owned
  • $0Goodwill and other intangibles
  • $718,860Life insurance assets
  • $20,731All other assets
  • $653,297Total liabilities and capital
  • $600,224Total liabilities
  • $523,134Total deposits
  • $600,224Interest-bearing deposits
  • $85Deposits held in domestic offices
  • 11788.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $38,362Trading liabilities
  • $0Other borrowed funds
  • $2,923Subordinated debt
  • $65,563All other liabilities
  • $65,563Total equity capital
  • $65,563Total bank equity capital
  • $0Perpetual preferred stock
  • $533Common stock
  • $35,308Surplus
  • $29,722Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $1,452Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $5,163Income earned, not collected on loans
  • $0Earning assets
  • $3,817Long-term assets (5+ years)
  • $666,055Average Assets, year-to-date
  • $93,870Average Assets, quarterly
  • $695,327Volatile liabilities
  • $707,255Insider loans
  • $511,970FHLB advances
  • $708,647Loans and leases held for sale
  • $10,335Unused loan commitments
  • $10,335Tier 1 (core) risk-based capital
  • $64,006Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $46,902Restructured Loans and leases
  • $5,028Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $34,384Total interest income
  • $7,903Total interest expense
  • $26,481Net interest income
  • $3,249Provision for loan and lease losses
  • $4,177Total noninterest income
  • $0Fiduciary activities
  • $2,148Service charges on deposit accounts
  • $0Trading account gains & fees
  • $2,029Additional noninterest income
  • $18,175Total noninterest expense
  • $9,721Salaries and employee benefits
  • $2,020Premises and equipment expense
  • $6,434Additional noninterest expense
  • $9,234Pre-tax net operating income
  • $105Securities gains (losses)
  • $3,114Applicable income taxes
  • $6,225Income before extraordinary items
  • $0Extraordinary gains - net
  • $6,225Net income attributable to bank
  • $0Net charge-offs
  • $6,225Cash dividends
  • $1,423Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.38%Yield on earning assets
  • 1.24%Cost of funding earning assets
  • 4.14%Net interest margin
  • 0.65%Noninterest income to earning assets
  • 2.84%Noninterest expense to earning assets
  • 0.89%Net operating income to assets
  • 0.90%Return on assets (ROA)
  • 1.34%Pretax return on assets
  • 10.42%Return on equity (ROE)
  • 10.42%Retained earnings to average equity (YTD only)
  • 0.27%Net charge-offs to loans
  • 228.32%Credit loss provision to net charge-offs
  • 8.77%Efficiency ratio
  • 59,283Assets per employee
  • 4.70%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.45%Loss allowance to noncurrent loans
  • 151.66%Noncurrent assets plus other real estate owned to assets
  • 1.00%Noncurrent loans to loans
  • 0.95%Net loans and leases to deposits
  • 88.92%Net loans and leases to core deposits
  • 96.79%Equity capital to assets
  • 9.12%Core capital (leverage) ratio
  • 9.03%Tier 1 risk-based capital ratio
  • 12.50%Total risk-based capital ratio
  • Memoranda
  • $14Average assets
  • $695,327Average earning assets
  • $59,741Average equity
  • $639,300Average loans

List of branches

  • 14 Mississippi Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    05663Bankfirst Financial Services110 South Jefferson Street, Macon, MS 39341June 01, 1888Full Service Brick and Mortar
    2219076Shuqualak BranchMulberry Street, Shuqualak, MS 39361June 01, 1888Full Service Brick and Mortar
    4255138University Mall Branch2027 Highway 45 North, Columbus, MS 39701May 15, 1981Full Service Brick and Mortar
    6219078Main Street Branch900 Main Street, Columbus, MS 39701April 14, 1995Full Service Brick and Mortar
    7219079Lehmberg Branch110 Lehmberg Road, Columbus, MS 39702August 26, 1996Full Service Brick and Mortar
    8219080West Point Branch538 Highway 45 North, West Point, MS 39773Febuary 03, 1997Full Service Brick and Mortar
    9219081Russell Street Branch101 Russell Street, Starkville, MS 39759July 12, 1999Full Service Brick and Mortar
    10219082West Point Branch1149 East Churchhill Road, West Point, MS 39773January 24, 2000Full Service Brick and Mortar
    11359379Crossgates Branch1000 Highway 12 West, Starkville, MS 39759Febuary 05, 2001Full Service Brick and Mortar
    13442465Ridgeland Branch400 Fontaine Place Suite 101, Ridgeland, MS 39157November 02, 2004Limited Service Loan Production
    16453036Gluckstadt Branch102 Dees Drive, Madison, MS 39110June 30, 2006Full Service Brick and Mortar
    17455813Ridgeland Branch751 Lake Harbor Drive, Ridgeland, MS 39157October 18, 2006Full Service Brick and Mortar
    18471466Madison Branch1597 Highland Colony Parkway, Madison, MS 39110Febuary 19, 2008Full Service Brick and Mortar
    19501265Flowood Branch201 Bank First Drive, Flowood, MS 39232April 20, 2009Full Service Brick and Mortar

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