Planters Bank & Trust Company
Indianola, Mississippi, Sunflower County
$2.7B in total assets, the 486th largest of 4,309 US banks and 8th of 57 headquartered in Mississippi.
- FDIC certificate
- 8235
- Established
- 1920
- Owned by
- Planters Holding Co
- Primary regulator
- FDIC
- Website
- www.planters-bank.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 | $2.7B | 60% | $1.7B | |
| Loans | $1.8B | 60% | $1.1B | |
| Deposits | $2.3B | 60% | $1.5B | |
| Return on assets | 1.07% | 40% | 1.10% | |
| Net interest margin | 3.98% | 50% | 3.93% | |
| Efficiency ratio | 59.0% | 2% | 64.4% | |
| Equity to assets | 11.55% | 70% | 10.82% | |
| Loans to deposits | 79% | 40% | 81% |
Growth
Total assets grew 15.7% a year over the last 5 years and 10.1% a year over 10 years, including 2 acquisitions in the last 10 years.
Acquisitions
| Closed | Acquired bank | Assets at acquisition |
|---|---|---|
| Jan 2026 | Cross Keys Bank Saint Joseph, LA | $627M |
| Dec 2021 | First Capital Bank Germantown, TN | $376M |
| Feb 2016 | Covenant Bank Clarksdale, MS | $222M |
| Dec 2008 | Cleveland Community Bank, S.S.B. Cleveland, MS | $20M |
| Apr 1994 | Security Federal Savings and Loan Association Jackson, MS | $163M |
Where they operate
30 branches in 18 counties.
Largest markets by deposits
| County | Deposits | Market share | Rank |
|---|---|---|---|
| Sunflower County, MS | $630M | 77.1% | 1 of 5 |
| Washington County, MS | $338M | 26.4% | 2 of 8 |
| Ouachita County, LA | $203M | 4.5% | 8 of 17 |
| Shelby County, TN | $191M | 0.5% | 21 of 33 |
| Leflore County, MS | $171M | 15.1% | 2 of 7 |
| Coahoma County, MS | $148M | 24.7% | 2 of 6 |
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 16 branches since 2016 (14 to 30, +114.3%). 3 opened, 15 acquired, 2 closed or sold.
| Period | What happened | Opened or acquired | Closed or sold | Net change | Branches at end |
|---|---|---|---|---|---|
| Start of 2016 | Starting point | 14 | |||
| 2016 | Acquired Covenant Bank | 5 | 0 | +5 | 19 |
| 2020 | Opened Olive Branch | 1 | 0 | +1 | 20 |
| 2021 | Acquired First Capital BankOpened Southaven, closed Greenwood and Southaven | 2 | 2 | 0 | 20 |
| 2023 | Opened New Orleans | 1 | 0 | +1 | 21 |
| 2026 through Q2 | Acquired Cross Keys Bank | 9 | 0 | +9 | 30 |
Balance sheet and earnings
Loans by type
| Type | Share | This bank | Peers |
|---|---|---|---|
| Commercial real estate | 38% | 35% | |
| 1-4 family residential | 24% | 29% | |
| Business (C&I) | 10% | 11% | |
| Construction and land | 9% | 10% | |
| Multifamily | 6% | 4% | |
| Agricultural | 5% | 2% | |
| Farmland | 4% | 5% | |
| Consumer | 1% | 2% | |
| Other | 2% | 1% |
Deposits by type
| Type | Share | This bank | Peers |
|---|---|---|---|
| Other interest-bearing | 52% | 60% | |
| Time deposits | 27% | 24% | |
| Noninterest-bearing | 21% | 17% |
Brokered deposits are 1.0% of deposits (peers 1.4%).
Return on assets
Trailing four quarters, with the peer median.
Credit and capital
| This bank | Peer median | |
|---|---|---|
| Noncurrent loans | 0.61% | 0.76% |
| Net charge-offs, annualized | 0.25% | 0.08% |
| Reserves to loans | 1.00% | 1.14% |
| Leverage ratio | 11.19% | 10.82% |
Noncurrent loans exclude government-guaranteed portions.
Related banks
Similar size in Mississippi
Largest competitors in Sunflower 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/planters-bank-trust-indianola-ms