BankPlus

What sets BankPlus apart

How large is BankPlus?

The balance sheet of BankPlus at Q2 2026: assets $8.4 bn, deposits $7.3 bn, net loans $6.3 bn (loans equal to 86.31% of deposits). Securities make up 14.3% of total assets at BankPlus. Since Q1 2016, when BankPlus held $2.7 bn, its assets grew 206.3%. In the year to Q2 2026, deposits at BankPlus rose 8.5% while its total assets rose 6.8%. At Q2 2026, BankPlus employed 1,023 full-time equivalent staff across 74 offices, about $8.2 mn of assets per employee and $99.3 mn of deposits per office.

How much funding at BankPlus is uninsured?

At BankPlus, uninsured deposits (above the FDIC limit) made up 18.52% of domestic deposits at Q2 2026 (-5.16 pp on a year earlier); BankPlus ranks 421st of 500 on this measure. In dollars, BankPlus estimated $1.4 bn of uninsured deposits.

Key facts, Q2 2026

US rank of BankPlus: 1 = highest unless marked 1 = lowest.

BankPlus uses the community bank leverage ratio framework, so it reports no risk-based ratios; its leverage ratio was 10.84% in Q2 2026. Equity capital of BankPlus at Q2 2026: $942.2 mn, or 11.2% of total assets.

On held-to-maturity securities, BankPlus carried an unrealized loss of $979,000 at Q2 2026, equal to 0.1% of equity capital. The loss widened by $900,000 over the year. Its deepest point: $3.2 mn in Q3 2018. The available-for-sale portfolio of BankPlus showed an unrealized loss of $18.0 mn at Q2 2026; the loss widened by $343,000 over the year.

For the year to Q2 2026, BankPlus earned a return on equity of 11.23%; return on assets: 1.27%. Net interest margin at BankPlus: 3.82%, +0.22 pp in a year. BankPlus net income: $52.4 mn, up 8.7% year on year. The efficiency ratio of BankPlus was 61.94%: about 62 cents cost per revenue dollar, against 58 cents at the median peer.

At Q2 2026, noncurrent loans were 0.64% of total loans at BankPlus; net charge-offs: 0.05% of average loans. Gross loans and leases at BankPlus: $6.4 bn, up 4.5% in a year.

The peer group of BankPlus is the 6 banks nearest to it by total assets at Q2 2026: 3 larger and 3 smaller. Of the peers, 3 share the charter type of BankPlus (state member bank), 6 sit in the same size group ($1 bn to $10 bn) and 0 have head offices in Mississippi. Against them, BankPlus shows return on equity 11.23% against a peer median of 11.93% and uninsured deposit share 18.52% against a peer median of 37.77%.

The FDIC history of BankPlus, oldest first; figures before and after each event are not like for like.

1. 1 April 2020. Absorbed State Bank & Trust Company (FDIC certificate 8878).
2. 1 March 2022. Absorbed First Bank and Trust (FDIC certificate 33405).

Large one-quarter moves at BankPlus

• Total assets at BankPlus changed by +50.1% in the quarter to 2020-06-30: Merger -Without Assistance; Participated in Absorbtion/Consolidation/Merger: acquired from State Bank & Trust Company.
• Total assets at BankPlus changed by +25.4% in the quarter to 2022-03-31: Merger -Without Assistance; Participated in Absorbtion/Consolidation/Merger: acquired from First Bank and Trust.