BankFirst Financial Services
BankFirst Financial Services reported total assets of $3.3 bn at Q2 2026, up 20.5% from a year earlier. It uses the community bank leverage ratio framework, with a tier 1 leverage ratio of 10.86%, and an estimated 24.27% of domestic deposits were uninsured. Source: FDIC Call Report data, cross-checked against FFIEC filings.
- Bank equity capital: up 2.1% on Q1 2026, to $439.9 mn
- Uninsured share of domestic deposits: down 0.36 pp on Q1 2026, to 24.27%
- Net loans and leases: up 1.7% on Q1 2026, to $2.2 bn
Ranks compare banks in our US coverage that report each metric. Sparklines: the last ten years. Source: FDIC BankFind Suite (Call Report data), cross-checked against FFIEC Call Report filings. Calculations: EconoMonitor.
Overview
What stands out about BankFirst Financial Services?
Its largest one-quarter change in total assets since Q1 2016 was +22.0% between Q1 2019 and Q2 2019, when it absorbed FNB Of Central Alabama.
How large is BankFirst Financial Services?
At Q2 2026 the bank held $3.3 bn of assets. Deposits were $2.8 bn and net loans and leases $2.2 bn, a loan-to-deposit ratio of 79.28%. Securities of $561.0 mn made up 17.0% of assets.
Total assets rose 261.5% between Q1 2016 and Q2 2026, from $914.6 mn.
How much of its funding is uninsured?
An estimated 24.27% of domestic deposits were above the FDIC insurance limit at Q2 2026, -0.36 pp from the previous quarter and -0.04 pp from a year earlier. That share ranks 381st among 500 banks reporting this metric (1 = highest).
Key facts, Q2 2026
| Metric | Value | Change from a year earlier | US rank |
|---|---|---|---|
| Total assets | $3.3 bn | +20.5% | 381st of 497 |
| Total deposits | $2.8 bn | +18.9% | 379th of 499 |
| Net loans and leases | $2.2 bn | +23.9% | 398th of 500 |
| Bank equity capital | $439.9 mn | +32.5% | 341st of 498 |
| Tier 1 leverage ratio | 10.86% | +0.98 pp | 185th of 500 |
| Return on equity (ROE) | 8.41% | +0.20 pp | 404th of 500 |
| Net interest margin | 4.03% | +0.31 pp | 131st of 500 |
| Uninsured share of domestic deposits | 24.27% | -0.04 pp | 381st of 500 |
| Unrealized gain/loss on held-to-maturity securities | Loss of $37.7 mn | Narrowed by $6.7 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: rank among the banks in our coverage reporting each metric, 1 = highest unless marked 1 = lowest.
Balance sheet
Total assets, deposits and net loans, quarterly, Q1 2016 to Q2 2026. Dashed amber lines mark the mergers and acquisitions listed under Mergers and acquisitions.
- Total assets $3.3bn
- Deposits $2.8bn
- Net loans $2.2bn
Capital and securities
The bank uses the community bank leverage ratio framework, so it does not report risk-based capital ratios. Its tier 1 leverage ratio was 10.86% at Q2 2026, +0.98 pp from a year earlier. The median tier 1 leverage ratio of the size peers listed below was 11.47% at Q2 2026.
Held-to-maturity securities had an unrealized loss of $37.7 mn at Q2 2026, measured as fair value minus amortized cost, equal to 8.6% of bank equity capital. The loss narrowed by $6.7 mn from a year earlier. The largest unrealized loss on these securities was $67.9 mn at Q3 2023. Available-for-sale securities showed an unrealized loss of $8.5 mn at Q2 2026; the loss narrowed by $1.4 mn from a year earlier.
Capital ratios
- Total capital 15%
- CET1 13%
- Tier 1 leverage 11%
Unrealized gains and losses on securities
- Available for sale -$8mn
- Held to maturity -$38mn
Profitability and loan quality
Return on equity was 8.41% for the year to Q2 2026, annualized, with a return on assets of 1.10% and a net interest margin of 4.03%. The margin was +0.31 pp from a year earlier. The efficiency ratio, noninterest expense as a share of revenue as the FDIC defines it, was 63.84%. Net income for the year to Q2 2026 was $18.1 mn, up 28.7% on the same period a year earlier. The median return on equity of its size peers was 12.62% for the same period.
Noncurrent loans, those 90 days or more past due or no longer accruing interest, were 0.77% of total loans at Q2 2026. Net charge-offs for the year to date were 0.10% of average loans, annualized.
Profitability
- Return on equity 8.4%
- Net interest margin 4.0%
- Return on assets 1.1%
Compared with banks of similar size
The six banks ranked closest to BankFirst Financial Services by total assets at Q2 2026, three above and three below where possible.
Among the seven banks in the table at Q2 2026, BankFirst Financial Services is 4th by total assets. Its tier 1 leverage ratio of 10.86% compares with a peer median of 11.47%, its return on equity of 8.41% compares with a peer median of 12.62%, and its uninsured share of deposits of 24.27% compares with a peer median of 28.37%.
| Bank | Total assets | CET1 ratio | Return on equity | Uninsured share | |
|---|---|---|---|---|---|
| Austin Bank, Texas | $3.3 bn | not reported | 13.87% | 26.04% | |
| TruNorth Bank | $3.3 bn | 15.98% | 7.15% | 30.70% | |
| Red River Bank | $3.3 bn | 17.32% | 13.35% | 31.72% | |
| BankFirst Financial Services | $3.3 bn | not reported | 8.41% | 24.27% | |
| ACNB Bank | $3.3 bn | 14.30% | 14.53% | 22.40% | |
| Union Savings Bank | $3.3 bn | not reported | 8.38% | 22.67% | |
| Fidelity Bank | $3.3 bn | 10.97% | 11.90% | 38.79% | |
Q2 2026. Peer median (the six banks, excluding this one): CET1 15.14%, return on equity 12.62%. Source: FDIC BankFind Suite (Call Report data), cross-checked against FFIEC Call Report filings. Calculations: EconoMonitor.
Last eight quarters
BankFirst Financial Services, as reported in its Call Reports.
From Q3 2024 to Q2 2026, total assets rose 20.3% to $3.3 bn, deposits rose 20.3% to $2.8 bn and bank equity capital rose 20.8% to $439.9 mn. Over the same period its full-time equivalent staff went from 452 to 533 and its offices went from 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 |
Source: FDIC BankFind Suite (Call Report data), cross-checked against FFIEC Call Report filings. Calculations: EconoMonitor.
Mergers and acquisitions
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).
Source: FDIC BankFind API, institution history. Moves of more than 25% in one quarter are checked against that history in our review.
Identifiers and sources
- FDIC certificate
- 8870
- Federal Reserve RSSD ID
- 914648
- Head office
- Columbus, Mississippi
- Holding company
- BANKFIRST CAPITAL CORP (as reported to the FDIC)
- Holding company RSSD ID
- 1247455
- EconoMonitor ID
- EMB-US-000573
Frequently asked questions
What were BankFirst Financial Services's total assets?
$3.3 bn at Q2 2026, according to its Call Report as published by the FDIC. By total assets it ranks 381st among 497 banks reporting this metric (1 = highest).
Is BankFirst Financial Services the same as its holding company?
No. This page covers the FDIC-insured bank (certificate 8870). Its holding company, BANKFIRST CAPITAL CORP (as reported to the FDIC), reports separately to the Federal Reserve and, if its shares are listed, to the SEC.
How often is this page updated?
Every quarter, after BankFirst Financial Services files its Call Report and the FDIC publishes it. This page shows Q2 2026, loaded on 19 October 2026; any sentence that uses an earlier quarter names it.
Where can I check these numbers?
In the FDIC BankFind Suite record for certificate 8870, and in the Call Reports filed under RSSD ID 914648 at the FFIEC Central Data Repository.
Sources and definitions
Definitions, Call Report fields and formulas for each metric: Bank equity capital, Uses community bank leverage ratio framework, Common equity tier 1 (CET1) ratio, Deposits in domestic offices, Efficiency ratio, Full-time equivalent employees, Loan-to-deposit ratio, Total loans and leases (gross), Net loans and leases, Net charge-offs to average loans, Net income (year to date), Net interest margin, Noncurrent loans to total loans, Number of offices, Return on assets (ROA), Return on equity (ROE), Available-for-sale securities (amortized cost), Available-for-sale securities (fair value), Held-to-maturity securities (amortized cost), Held-to-maturity securities (fair value), Total securities, Tier 1 leverage ratio, Total assets, Total deposits, Total equity capital, Total risk-based capital ratio, Uninsured share of domestic deposits, Estimated uninsured deposits, Unrealized gain/loss on available-for-sale securities, Unrealized gain/loss on held-to-maturity securities.
Checks for this release: Check A (database against the FDIC download) passed, Check B (FDIC against FFIEC Call Report filings) passed.
Source: FDIC BankFind Suite (Call Report data). EconoMonitor is not affiliated with or endorsed by the FDIC. FDIC BankFind Suite API.
Source: FFIEC Central Data Repository (Call Reports). EconoMonitor is not affiliated with or endorsed by the FFIEC. FFIEC Central Data Repository, Public Data Distribution.
Data and analysis only, not financial advice. The FDIC and the FFIEC do not endorse EconoMonitor. See the disclaimer and methodology.