BankFirst Financial Services
BankFirst Financial Services reported total assets of $3.3 bn at Q2 2026, up 20.5% on a year earlier, the 381st largest of 497 banks in our US coverage. BankFirst Financial Services uses the community bank leverage ratio framework, with a leverage ratio of 10.86%, and the uninsured share of BankFirst Financial Services was 24.27%. Source: FDIC Call Reports.
Key takeaways
- Since , BankFirst Financial Services has taken over 6 institutions; the latest was Magnolia State Bank on (FDIC Call Reports).
- On total assets, BankFirst Financial Services climbed from 456th to 381st among 497 US banks between and (1 = highest; FDIC Call Reports).
What sets BankFirst Financial Services apart
How large is BankFirst Financial Services?
The balance sheet of BankFirst Financial Services at : assets $3.3 bn, deposits $2.8 bn, net loans $2.2 bn (loans equal to 79.28% of deposits). Securities make up 17.0% of total assets at BankFirst Financial Services. Since , when BankFirst Financial Services held $914.6 mn, its assets grew 261.5%. In the year to , deposits at BankFirst Financial Services rose 18.9% while its total assets rose 20.5%. At , BankFirst Financial Services employed 533 full-time equivalent staff across 51 offices, about $6.2 mn of assets per employee and $55.6 mn of deposits per office.
How much funding at BankFirst Financial Services is uninsured?
At BankFirst Financial Services, uninsured deposits (above the FDIC limit) made up 24.27% of domestic deposits at (-0.04 pp on a year earlier); BankFirst Financial Services ranks 381st of 500 on this measure. In dollars, BankFirst Financial Services estimated $688.0 mn of uninsured deposits.
Key facts, Q2 2026
| Metric | Value | Change from a year earlier | US rank |
|---|---|---|---|
| Total deposits | $2.8 bn | +18.9% | 379th of 499 |
| Net loans and leases | $2.2 bn | +23.9% | 398th of 500 |
| Loan-to-deposit ratio | 79.28% | +3.22 pp | 356th of 500 |
| Net interest margin | 4.03% | +0.31 pp | 131st of 500 |
| Return on assets (ROA) | 1.10% | +0.08 pp | 345th of 500 |
| Efficiency ratio | 63.84% | -1.78 pp | 382nd of 500 (1 = lowest) |
| Unrealized gain/loss on held-to-maturity securities | Loss of $37.7 mn | Narrowed by $6.7 mn | |
| Unrealized gain/loss on available-for-sale securities | Loss of $8.5 mn | Narrowed by $1.4 mn | |
| Noncurrent loans to total loans | 0.77% | -0.01 pp | 301st of 500 (1 = lowest) |
| Net charge-offs to average loans | 0.10% | 0.00 pp | 263rd of 500 (1 = lowest) |
US rank of BankFirst Financial Services: 1 = highest unless marked 1 = lowest.
Balance sheet
BankFirst Financial Services: assets, deposits and loans
- Total assets $3.3bn
- Deposits $2.8bn
- Net loans $2.2bn
Capital and securities
BankFirst Financial Services uses the community bank leverage ratio framework, so it reports no risk-based ratios; its leverage ratio was 10.86% in . Equity capital of BankFirst Financial Services at : $439.9 mn, or 13.3% of total assets.
On held-to-maturity securities, BankFirst Financial Services carried an unrealized loss of $37.7 mn at , equal to 8.6% of equity capital. The loss narrowed by $6.7 mn over the year. Its deepest point: $67.9 mn in . The available-for-sale portfolio of BankFirst Financial Services showed an unrealized loss of $8.5 mn at ; the loss narrowed by $1.4 mn over the year.
BankFirst Financial Services: capital ratios
- Total capital 15%
- CET1 13%
- Tier 1 leverage 11%
BankFirst Financial Services: unrealized securities gains and losses
- Available for sale -$8mn
- Held to maturity -$38mn
Profitability and loan quality
For the year to , BankFirst Financial Services earned a return on equity of 8.41%; return on assets: 1.10%. Net interest margin at BankFirst Financial Services: 4.03%, +0.31 pp in a year. BankFirst Financial Services net income: $18.1 mn, up 28.7% year on year. The efficiency ratio of BankFirst Financial Services was 63.84%: about 64 cents cost per revenue dollar, against 55 cents at the median peer.
At , noncurrent loans were 0.77% of total loans at BankFirst Financial Services; net charge-offs: 0.10% of average loans. Gross loans and leases at BankFirst Financial Services: $2.3 bn, up 23.9% in a year.
BankFirst Financial Services: profitability
- Return on equity 8.4%
- Net interest margin 4.0%
- Return on assets 1.1%
Peer group of BankFirst Financial Services
The peer group of BankFirst Financial Services is the 6 banks nearest to it by total assets at : 3 larger and 3 smaller. Of the peers, 1 shares the charter type of BankFirst Financial Services (state member bank), 6 sit in the same size group ($1 bn to $10 bn) and 0 have head offices in Mississippi. Against them, BankFirst Financial Services shows return on equity 8.41% against a peer median of 12.62% and uninsured deposit share 24.27% against a peer median of 28.37%.
| Bank | Charter | State | Total assets | CET1 ratio | Return on equity | Uninsured share | |
|---|---|---|---|---|---|---|---|
| Austin Bank, Texas | National bank | TX | $3.3 bn | not reported | 13.87% | 26.04% | |
| TruNorth Bank | State member bank | MA | $3.3 bn | 15.98% | 7.15% | 30.70% | |
| Red River Bank | State nonmember bank | LA | $3.3 bn | 17.32% | 13.35% | 31.72% | |
| BankFirst Financial Services | State member bank | MS | $3.3 bn | not reported | 8.41% | 24.27% | |
| ACNB Bank | State nonmember bank | PA | $3.3 bn | 14.30% | 14.53% | 22.40% | |
| Union Savings Bank | State-chartered stock savings bank | CT | $3.3 bn | not reported | 8.38% | 22.67% | |
| Fidelity Bank | National bank | KS | $3.3 bn | 10.97% | 11.90% | 38.79% | |
. FDIC Call Reports.
Last eight quarters
Two years at BankFirst Financial Services, to : assets +20.3%, deposits +20.3%, equity +20.8%. Staff 452 to 533; offices 44 to 51.
| Metric | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 |
|---|---|---|---|---|---|---|---|---|
| Total assets | $2.7 bn | $2.7 bn | $2.8 bn | $2.7 bn | $3.3 bn | $3.3 bn | $3.3 bn | $3.3 bn |
| Total deposits | $2.4 bn | $2.4 bn | $2.4 bn | $2.4 bn | $2.9 bn | $2.8 bn | $2.9 bn | $2.8 bn |
| Bank equity capital | $364.1 mn | $343.9 mn | $353.2 mn | $332.0 mn | $409.1 mn | $422.2 mn | $430.7 mn | $439.9 mn |
| Return on equity (ROE) | 7.07% | 7.62% | 7.80% | 8.21% | 7.38% | 8.28% | 8.39% | 8.41% |
| Uninsured share of domestic deposits | 24.51% | 24.46% | 23.89% | 24.31% | 20.38% | 24.72% | 24.63% | 24.27% |
| Full-time equivalent employees | 452 | 451 | 460 | 449 | 535 | 527 | 528 | 533 |
| Number of offices | 44 | 41 | 41 | 42 | 51 | 51 | 51 | 51 |
FDIC Call Reports.
Mergers and acquisitions
The FDIC history of BankFirst Financial Services, oldest first; figures before and after each event are not like for like.
- . Absorbed FNB Of Central Alabama (FDIC certificate 19468).
- . Absorbed Traders & Farmers Bank (FDIC certificate 47).
- . Absorbed The Citizens Bank of Fayette (FDIC certificate 5600).
- . Absorbed Sycamore Bank (FDIC certificate 11423).
- . Absorbed Mechanics Bank (FDIC certificate 12206).
- . Absorbed Magnolia State Bank (FDIC certificate 22081).
Questions and identifiers
What were the total assets of BankFirst Financial Services?
BankFirst Financial Services reported $3.3 bn at in its Call Report. That makes BankFirst Financial Services the 381st largest of 497 banks in our US coverage.
Is BankFirst Financial Services the same as its holding company?
No. This page covers BankFirst Financial Services, FDIC certificate 8870; BANKFIRST CAPITAL CORP (as reported to the FDIC), its holding company, reports separately to the Federal Reserve.
Is BankFirst Financial Services profitable?
BankFirst Financial Services reported net income of $18.1 mn for the year to ; annualized return on equity: 8.41%. So yes: BankFirst Financial Services made a profit over these months.
When is data for BankFirst Financial Services next updated?
Figures from BankFirst Financial Services for are due after .
Where can I check the figures for BankFirst Financial Services?
In the FDIC BankFind Suite record for certificate 8870, and in the Call Reports of BankFirst Financial Services (RSSD ID 914648) at the FFIEC Central Data Repository.