BankFirst Financial Services in Macon, Mississippi (MS)



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BankFirst Financial Services
GeneralFDIC 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
WWW: http://www.bankfirstfs.com
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
LocationAddress: 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 ChangesMerge BIF and SAIF Funds into DIF
Financial SummaryTotal 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)
Total employees (full-time equivalent)153
Total assets$718,860
Cash and due from depository institutions$47,093
Interest-bearing balances$35,507
Securities$96,170
Federal funds sold & reverse repurchase agreements$666
Net loans & leases$533,712
Loan loss allowance $7,830
Trading account assets$0
Bank premises and fixed assets$18,486
Other real estate owned$2,002
Goodwill and other intangibles$0
All other assets$20,731
Life insurance assets$718,860
Total liabilities and capital$653,297
Total liabilities$600,224
Total deposits$523,134
Interest-bearing deposits$600,224
Deposits held in domestic offices$85
% insured (estimated)11788.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$38,362
Other borrowed funds $0
Subordinated debt $2,923
All other liabilities $65,563
Total equity capital$65,563
Total bank equity capital$65,563
Perpetual preferred stock$0
Common stock$533
Surplus$35,308
Undivided profits $29,722
Memoranda
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $1,452
Income earned, not collected on loans $5,163
Earning assets $0
Long-term assets (5+ years) $3,817
Average Assets, year-to-date $666,055
Average Assets, quarterly $93,870
Volatile liabilities $695,327
Insider loans $707,255
FHLB advances $511,970
Loans and leases held for sale $708,647
Unused loan commitments $10,335
Tier 1 (core) risk-based capital $10,335
Tier 2 risk-based capital $64,006
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $46,902
Derivatives$5,028
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $34,384
Total interest expense $7,903
Net interest income $26,481
Provision for loan and lease losses $3,249
Total noninterest income $4,177
Fiduciary activities $0
Service charges on deposit accounts $2,148
Trading account gains & fees $0
Additional noninterest income $2,029
Total noninterest expense $18,175
Salaries and employee benefits $9,721
Premises and equipment expense $2,020
Additional noninterest expense $6,434
Pre-tax net operating income $9,234
Securities gains (losses) $105
Applicable income taxes $3,114
Income before extraordinary items $6,225
Extraordinary gains - net $0
Net income attributable to bank $6,225
Net charge-offs $0
Cash dividends $6,225
Sale, conversion, retirement of capital stock, net $1,423
Net operating income $0
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets5.38%
Cost of funding earning assets 1.24%
Net interest margin 4.14%
Noninterest income to earning assets 0.65%
Noninterest expense to earning assets 2.84%
Net operating income to assets 0.89%
Return on assets (ROA) 0.90%
Pretax return on assets 1.34%
Return on equity (ROE) 10.42%
Retained earnings to average equity (YTD only) 10.42%
Net charge-offs to loans 0.27%
Credit loss provision to net charge-offs 228.32%
Efficiency ratio8.77%
Assets per employee$59,283
Cash dividends to net income (YTD only)4.70%
Condition Ratios (%)
Loss allowance to loans 0.00%
Loss allowance to noncurrent loans 1.45%
Noncurrent assets plus other real estate owned to assets 151.66%
Noncurrent loans to loans 1.00%
Net loans and leases to deposits0.95%
Net loans and leases to core deposits 88.92%
Equity capital to assets 96.79%
Core capital (leverage) ratio 9.12%
Tier 1 risk-based capital ratio 9.03%
Total risk-based capital ratio 12.50%
Memoranda
Average assets$14
Average earning assets$695,327
Average equity $59,741
Average loans $639,300
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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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