Great Southern Bank
Meridian, Mississippi, Lauderdale County
$355M in total assets, the 2,265th largest of 4,309 US banks and 34th of 57 headquartered in Mississippi.
- FDIC certificate
- 8552
- Established
- 1902
- Owned by
- Great Southern Capital Corp
- Primary regulator
- FED
- Website
- www.greatsouthern.bank
At a glance
Compared with 38 banks headquartered in Mississippi with $100 million to $1 billion in assets, as of June 30, 2026.
| Measure | This bank | Percentile | Peer range, middle 90% | Peer median |
|---|---|---|---|---|
| Total assets | $355M | 50% | $351M | |
| Loans | $144M | 16% | $222M | |
| Deposits | $312M | 50% | $312M | |
| Return on assets | 0.67% | 21% | 1.04% | |
| Net interest margin | 3.34% | 21% | 3.98% | |
| Efficiency ratio | 82.6% | 90% | 64.6% | |
| Equity to assets | 7.46% | 8% | 10.89% | |
| Loans to deposits | 46% | 10% | 70% |
Growth
Total assets grew 0.2% a year over the last 5 years and 2.2% a year over 10 years, without acquisitions.
Acquisitions
| Closed | Acquired bank | Assets at acquisition |
|---|---|---|
| Oct 1981 | Bank of Hattiesburg Hattiesburg, MS | n/a |
| Oct 1981 | Bank of Jackson, N. A. Jackson, MS | n/a |
| Oct 1980 | First National Bank of Waynesboro Waynesboro, MS | n/a |
Where they operate
11 branches in 6 counties.
Largest markets by deposits
| County | Deposits | Market share | Rank |
|---|---|---|---|
| Lauderdale County, MS | $131M | 7.2% | 6 of 10 |
| Clarke County, MS | $77M | 29.8% | 2 of 4 |
| Wayne County, MS | $48M | 9.5% | 3 of 5 |
| Forrest County, MS | $24M | 1.2% | 11 of 14 |
| Newton County, MS | $23M | 5.8% | 5 of 5 |
| Lamar County, MS | $9M | 0.5% | 15 of 16 |
Deposits by branch from the FDIC Summary of Deposits, June 2026. Rank among all banks with branches in that county.
Branch history since 2016
Net loss of 2 branches since 2016 (13 to 11, −15.4%). 0 opened, 0 acquired, 2 closed or sold.
| Period | What happened | Opened or acquired | Closed or sold | Net change | Branches at end |
|---|---|---|---|---|---|
| Start of 2016 | Starting point | 13 | |||
| 2016 | Closed Pachuta | 0 | 1 | −1 | 12 |
| 2024 | Closed Hattiesburg | 0 | 1 | −1 | 11 |
Balance sheet and earnings
Loans by type
| Type | Share | This bank | Peers |
|---|---|---|---|
| 1-4 family residential | 42% | 34% | |
| Consumer | 18% | 5% | |
| Commercial real estate | 14% | 27% | |
| Business (C&I) | 12% | 11% | |
| Farmland | 5% | 8% | |
| Construction and land | 4% | 8% | |
| Multifamily | 3% | 2% | |
| Agricultural | 2% | 4% | |
| Other | 1% | 1% |
Deposits by type
| Type | Share | This bank | Peers |
|---|---|---|---|
| Other interest-bearing | 47% | 41% | |
| Time deposits | 28% | 35% | |
| Noninterest-bearing | 25% | 24% |
Brokered deposits are 1.6% of deposits (peers 1.3%).
Return on assets
Trailing four quarters, with the peer median.
Credit and capital
| This bank | Peer median | |
|---|---|---|
| Noncurrent loans | 0.67% | 0.64% |
| Net charge-offs, annualized | 0.02% | 0.05% |
| Reserves to loans | 0.65% | 1.27% |
| Leverage ratio | 9.49% | 11.76% |
Noncurrent loans exclude government-guaranteed portions.
Related banks
Similar size in Mississippi
Largest competitors in Lauderdale County, MS
Figures as of June 30, 2026 from the bank's Call Report, FDIC structure and branch data, and the Federal Reserve. Short link: bankingstats.com/banks/great-southern-bank-meridian-ms