MidSouth Bank (merged into Hancock Whitney Bank)
MidSouth Bank reported total assets of $1.7 bn at Q2 2019, its last Call Report before it merged into Hancock Whitney Bank. The CET1 capital ratio at MidSouth Bank was 14.34%, and the uninsured share of MidSouth Bank was 27.17%. Source: FDIC Call Reports.
What sets MidSouth Bank apart
Nothing in the latest data sets MidSouth Bank apart from banks of its size: no ratio in the top or bottom tenth of its size group, no large rank move or year change, and no acquisition in the FDIC history since 2016. This page is kept out of search results until that changes.
How large is MidSouth Bank?
The balance sheet of MidSouth Bank at : assets $1.7 bn, deposits $1.5 bn, net loans $862.2 mn (loans equal to 58.86% of deposits). Securities make up 26.8% of total assets at MidSouth Bank. Since , when MidSouth Bank held $1.9 bn, its assets shrank 10.6%. In the year to , deposits at MidSouth Bank fell 6.7% while its total assets fell 7.8%. At , MidSouth Bank employed 457 full-time equivalent staff across 43 offices, about $3.7 mn of assets per employee and $34.1 mn of deposits per office.
How much funding at MidSouth Bank is uninsured?
At MidSouth Bank, uninsured deposits (above the FDIC limit) made up 27.17% of domestic deposits at (-2.85 pp on a year earlier). In dollars, MidSouth Bank estimated $398.0 mn of uninsured deposits.
Key facts, Q2 2019
| Metric | Value | A year earlier | US rank |
|---|---|---|---|
| Total deposits | $1.5 bn | $1.6 bn (Q2 2018) | |
| Net loans and leases | $862.2 mn | $1.0 bn (Q2 2018) | |
| Loan-to-deposit ratio | 58.86% | 65.91% (Q2 2018) | |
| Tier 1 leverage ratio | 9.08% | 10.10% (Q2 2018) | |
| Total risk-based capital ratio | 15.61% | 15.61% (Q2 2018) | |
| Net interest margin | 4.10% | 4.14% (Q2 2018) | |
| Return on assets (ROA) | -0.88% | 0.04% (Q2 2018) | |
| Efficiency ratio | 88.85% | 96.85% (Q2 2018) | |
| Unrealized gain/loss on held-to-maturity securities | Gain of $145,000 | Turned from a loss into a gain | |
| Unrealized gain/loss on available-for-sale securities | Gain of $4.2 mn | Turned from a loss into a gain | |
| Noncurrent loans to total loans | 2.62% | 6.95% (Q2 2018) | |
| Net charge-offs to average loans | 0.37% | 0.67% (Q2 2018) |
US rank of MidSouth Bank: 1 = highest unless marked 1 = lowest.
Balance sheet
MidSouth Bank: assets, deposits and loans
- Total assets $1.7bn
- Deposits $1.5bn
- Net loans $862mn
Capital and securities
The CET1 ratio of MidSouth Bank stood at 14.34% in , -0.02 pp year on year. Low and high at MidSouth Bank since : 12.00% () to 15.14% (). Equity capital of MidSouth Bank at : $200.1 mn, or 11.7% of total assets. MidSouth Bank also reported a total capital ratio of 15.61% for , and a tier 1 leverage ratio of 9.08%.
On held-to-maturity securities, MidSouth Bank carried an unrealized gain of $145,000 at , equal to 0.1% of equity capital. The gain turned from a loss into a gain over the year. Its deepest point: $1.3 mn in . The available-for-sale portfolio of MidSouth Bank showed an unrealized gain of $4.2 mn at ; the gain turned from a loss into a gain over the year.
MidSouth Bank: capital ratios
- Total capital 16%
- CET1 14%
- Tier 1 leverage 9.1%
MidSouth Bank: unrealized securities gains and losses
- Available for sale $4mn
- Held to maturity $145,000
Profitability and loan quality
For the year to , MidSouth Bank earned a return on equity of -7.67%; return on assets: -0.88%. Net interest margin at MidSouth Bank: 4.10%, -0.05 pp in a year. MidSouth Bank net income: -$7.6 mn, down 2,090.3% year on year. The efficiency ratio of MidSouth Bank was 88.85%: about 89 cents cost per revenue dollar, against 64 cents at the median peer.
At , noncurrent loans were 2.62% of total loans at MidSouth Bank; net charge-offs: 0.37% of average loans. Gross loans and leases at MidSouth Bank: $890.3 mn at , against $1.1 bn at .
MidSouth Bank: profitability
- Return on equity -7.7%
- Net interest margin 4.1%
- Return on assets -0.9%
Peer group of MidSouth Bank
The peer group of MidSouth Bank is the 6 banks nearest to it by total assets at : 3 larger and 3 smaller. Of the peers, 2 share the charter type of MidSouth Bank (national bank) and 0 have head offices in Louisiana. Against them, MidSouth Bank shows CET1 ratio 14.34% against a peer median of 11.82%, return on equity -7.67% against a peer median of 10.91% and uninsured deposit share 27.17% against a peer median of 16.05%.
| Bank | Charter | State | Total assets | CET1 ratio | Return on equity | Uninsured share | |
|---|---|---|---|---|---|---|---|
| Bank of New Hampshire | State member bank | NH | $1.7 bn | 10.88% | 7.41% | 11.84% | |
| Frandsen Bank & Trust | State member bank | MN | $1.7 bn | 10.23% | 14.01% | 12.81% | |
| Green Dot Bank DBA Bonneville Bank | State member bank | UT | $1.7 bn | 57.06% | 29.56% | 14.24% | |
| MidSouth Bank | National bank | LA | $1.7 bn | 14.34% | -7.67% | 27.17% | |
| BTH Bank | National bank | TX | $1.7 bn | 16.96% | 11.74% | 48.20% | |
| BankNewport | State member bank | RI | $1.7 bn | 12.76% | 10.09% | 23.44% | |
| First Dakota National Bank | National bank | SD | $1.7 bn | 10.87% | 8.52% | 17.86% | |
. FDIC Call Reports.
Last eight quarters
Two years at MidSouth Bank, to : assets $1.9 bn to $1.7 bn, deposits $1.6 bn to $1.5 bn, equity $227.4 mn to $200.1 mn. Staff 473 to 457; offices 51 to 43.
| Metric | Q3 2017 | Q4 2017 | Q1 2018 | Q2 2018 | Q3 2018 | Q4 2018 | Q1 2019 | Q2 2019 |
|---|---|---|---|---|---|---|---|---|
| Total assets | $1.9 bn | $1.9 bn | $1.9 bn | $1.9 bn | $1.8 bn | $1.7 bn | $1.7 bn | $1.7 bn |
| Total deposits | $1.6 bn | $1.5 bn | $1.6 bn | $1.6 bn | $1.6 bn | $1.5 bn | $1.5 bn | $1.5 bn |
| Bank equity capital | $227.4 mn | $225.0 mn | $222.6 mn | $221.6 mn | $215.7 mn | $197.9 mn | $198.5 mn | $200.1 mn |
| CET1 ratio | 12.78% | 13.00% | 13.50% | 14.36% | 15.14% | 14.14% | 14.25% | 14.34% |
| Return on equity (ROE) | -0.34% | -4.82% | 1.09% | 0.34% | -2.45% | -11.46% | -10.86% | -7.67% |
| Uninsured share of domestic deposits | 28.61% | 26.64% | 28.19% | 30.02% | 29.17% | 28.00% | 26.29% | 27.17% |
| Full-time equivalent employees | 473 | 467 | 444 | 428 | 462 | 474 | 480 | 457 |
| Number of offices | 51 | 49 | 43 | 43 | 43 | 43 | 43 | 43 |
FDIC Call Reports.
Mergers and acquisitions
The FDIC history of MidSouth Bank, oldest first; figures before and after each event are not like for like.
- . Merged into Hancock Whitney Bank (FDIC certificate 12441).
Questions and identifiers
What were the total assets of MidSouth Bank?
MidSouth Bank reported $1.7 bn at in its Call Report.
Is MidSouth Bank the same as its holding company?
No. This page covers MidSouth Bank, FDIC certificate 25884; MIDSOUTH BCORP INC (as reported to the FDIC), its holding company, reports separately to the Federal Reserve.
Is MidSouth Bank profitable?
MidSouth Bank reported net income of -$7.6 mn for the year to ; annualized return on equity: -7.67%. So no: MidSouth Bank made a loss over these months.
When is data for MidSouth Bank next updated?
MidSouth Bank no longer files Call Reports; its data ends at .
Where can I check the figures for MidSouth Bank?
In the FDIC BankFind Suite record for certificate 25884, and in the Call Reports of MidSouth Bank (RSSD ID 223331) at the FFIEC Central Data Repository.