BankFirst Financial Services
Columbus, Mississippi, Lowndes County
$3.3B in total assets, the 398th largest of 4,309 US banks and 6th of 57 headquartered in Mississippi.
- FDIC certificate
- 8870
- Established
- 1888
- Owned by
- Bankfirst Capital Corp
- Primary regulator
- FED
- Website
- http://www.bankfirstfs.com
At a glance
Compared with 10 banks headquartered in Mississippi with $1 billion to $10 billion in assets, as of June 30, 2026.
| Measure | This bank | Percentile | Peer range, middle 90% | Peer median |
|---|---|---|---|---|
| Total assets | $3.3B | 80% | $1.7B | |
| Loans | $2.3B | 80% | $1.1B | |
| Deposits | $2.8B | 80% | $1.5B | |
| Return on assets | 1.09% | 50% | 1.08% | |
| Net interest margin | 4.03% | 60% | 3.90% | |
| Efficiency ratio | 63.8% | 50% | 63.5% | |
| Equity to assets | 13.30% | 98% | 10.82% | |
| Loans to deposits | 80% | 50% | 80% |
Growth
Total assets grew 13.0% a year over the last 5 years and 13.7% a year over 10 years, including 6 acquisitions in the last 10 years.
Acquisitions
| Closed | Acquired bank | Assets at acquisition |
|---|---|---|
| Jul 2025 | Magnolia State Bank Bay Springs, MS | $466M |
| Jan 2023 | Mechanics Bank Water Valley, MS | $323M |
| Oct 2022 | Sycamore Bank Senatobia, MS | $325M |
| Jan 2022 | The Citizens Bank of Fayette Fayette, AL | $207M |
| Jul 2020 | Traders & Farmers Bank Haleyville, AL | $379M |
| Apr 2019 | FNB Of Central Alabama Aliceville, AL | $289M |
| Sep 2015 | Newton County Bank Newton, MS | $158M |
Where they operate
48 branches in 24 counties.
Largest markets by deposits
| County | Deposits | Market share | Rank |
|---|---|---|---|
| Lowndes County, MS | $382M | 24.2% | 1 of 9 |
| Winston County, AL | $285M | 62.9% | 1 of 5 |
| Tate County, MS | $273M | 40.2% | 1 of 8 |
| Jasper County, MS | $211M | 79.1% | 1 of 3 |
| Tuscaloosa County, AL | $206M | 4.5% | 8 of 25 |
| Newton County, MS | $159M | 40.7% | 1 of 5 |
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 gain of 30 branches since 2016 (18 to 48, +166.7%). 7 opened, 34 acquired, 11 closed or sold.
| Period | What happened | Opened or acquired | Closed or sold | Net change | Branches at end |
|---|---|---|---|---|---|
| Start of 2016 | Starting point | 18 | |||
| 2016 | Closed Hattiesburg | 0 | 1 | −1 | 17 |
| 2019 | Acquired FNB Of Central AlabamaClosed Tuscaloosa | 5 | 1 | +4 | 21 |
| 2020 | Acquired Traders & Farmers BankOpened 3 in 2 states, closed Hickory and Lake | 10 | 2 | +8 | 29 |
| 2021 | Closed Lynn | 0 | 1 | −1 | 28 |
| 2022 | Acquired The Citizens Bank of Fayette and Sycamore BankOpened Birmingham and Tupelo | 10 | 0 | +10 | 38 |
| 2023 | Acquired Mechanics BankClosed Oxford | 6 | 1 | +5 | 43 |
| 2024 | Closed 5 in 2 states | 0 | 5 | −5 | 38 |
| 2025 | Acquired Magnolia State BankOpened Hattiesburg and Oxford | 10 | 0 | +10 | 48 |
Balance sheet and earnings
Loans by type
| Type | Share | This bank | Peers |
|---|---|---|---|
| Commercial real estate | 32% | 35% | |
| 1-4 family residential | 32% | 28% | |
| Construction and land | 10% | 10% | |
| Business (C&I) | 9% | 12% | |
| Multifamily | 7% | 4% | |
| Farmland | 4% | 5% | |
| Agricultural | 2% | 2% | |
| Consumer | 1% | 2% | |
| Other | 3% | 1% |
Deposits by type
| Type | Share | This bank | Peers |
|---|---|---|---|
| Other interest-bearing | 53% | 60% | |
| Time deposits | 26% | 24% | |
| Noninterest-bearing | 22% | 17% |
Brokered deposits are 0.0% of deposits (peers 1.5%).
Return on assets
Trailing four quarters, with the peer median.
Credit and capital
| This bank | Peer median | |
|---|---|---|
| Noncurrent loans | 0.68% | 0.73% |
| Net charge-offs, annualized | 0.10% | 0.08% |
| Reserves to loans | 1.31% | 1.13% |
| Leverage ratio | 10.86% | 10.82% |
Noncurrent loans exclude government-guaranteed portions.
Related banks
Similar size in Mississippi
Largest competitors in Lowndes 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/bankfirst-services