Planters Bank & Trust Company
Headquarters
212 Catchings Ave
Indianola, MS 38751
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2024 Overview
General Bank Information
Planters Bank & Trust Company is an FDIC insured institution located in Indianola, MS. It was founded in 1920 and has approximately $2.02 billion in assets. Customers can open an account at one of its 20 branches.
| FDIC Insured | Yes |
| FDIC Certificate | # 8235 |
| Date Established | 1920 |
| Assets | $ 2.02 billion |
| Loans | $ 1,277.33 million |
| Deposits | $ 1,673.25 million |
| Capital | $ 186.99 million |
For a more detailed analysis of Planters Bank & Trust Company's financial condition and a description of what these numbers mean, please visit the Financial Details section.
Deposit Rates - November 14, 2024
Your Current Location: Ohio, OH 43085
Loan Rates - November 14, 2024
Your Current Location: Ohio, OH 43085
There are currently no loan rates available for Planters Bank & Trust Company
Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:
Featured - Ohio 30 Year Fixed Mortgage Rates 2024
| Lender | APR | Rate (%) | Monthly Payment |
Learn More |
|---|---|---|---|---|
NMLS ID: 1835285 |
6.494% |
6.375% 0.75 points $4,000 fees |
$1,997 | Learn More |
NMLS ID: 401822 |
6.692% |
6.500% 1.00 points $6,400 fees |
$2,023 | Learn More |
NMLS ID: 1025894 |
6.866% |
6.750% 1.00 points $3,801 fees |
$2,076 | Learn More |
NMLS ID: 3030 |
7.212% |
7.125% 0.88 points $2,800 fees |
$2,156 | Learn More |
Featured - Ohio Home Equity Line Of Credit Rates 2024
| Lender | APR (%)? | Monthly Payment? | Learn More |
|---|---|---|---|
Third Federal Savings and Loan See Table |
Intro APR
7.490 %
After Intro: 7.490 % |
$0 |
Learn More
More Info |
Note to Planters Bank & Trust Company
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Branches
Planters Bank & Trust Company branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.
Your Location:
Columbus,Ohio
Planters Bank & Trust Company Locations around zip code 43085
| Branch | Distance | Map | View Lobby Hours |
|---|---|---|---|
| 493.42 | A | View Lobby Hours | |
| 496.22 | B | View Lobby Hours | |
| 506.46 | C | View Lobby Hours | |
| 534.63 | D | View Lobby Hours | |
| 535.48 | E | View Lobby Hours | |
| 536.46 | F | View Lobby Hours | |
| 565.14 | G | View Lobby Hours | |
| 566.04 | H | View Lobby Hours | |
| 585.66 | I | View Lobby Hours | |
| 585.83 | J | View Lobby Hours | |
| 588.10 | K | View Lobby Hours | |
| 592.66 | L | View Lobby Hours | |
| 596.98 | M | View Lobby Hours | |
| 605.55 | N | View Lobby Hours | |
| 606.85 | O | View Lobby Hours | |
| 608.65 | P | View Lobby Hours | |
| 617.75 | Q | View Lobby Hours | |
| 622.41 | R | View Lobby Hours | |
| 623.51 | S | View Lobby Hours | |
| 623.54 | T | View Lobby Hours | |
| 626.96 | U | View Lobby Hours |
Climate Policy and Initiatives
Planters Bank & Trust Company is encouraged to provide us with this information. When we receive this information from the bank, we will provide it here.
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Financial Details
Planters Bank & Trust Company Ratio Analysis
The following ratios and data are available to help you better understand the financial condition of Planters Bank & Trust Company. The data is provided by the FDIC. All banks listed on BestCashCow.com are FDIC-insured. No depositor has ever lost deposits that have been within the FDIC insurance limits.
Texas Ratio
| Planters Bank & Trust Company | U.S. Bank Average |
|---|---|
| 3.6% | 4.48% |
The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its tangible common equity and its loan loss reserves. A lower Texas ratio indicates better coverage of problem loans. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a bank has to absorb its loan losses.
As of June 30, 2024, Planters Bank & Trust Company had $6,148,000 in non-current loans and $993,000 in owned real estate. To cover these potential losses it had $186,989,000 in equity and $11,530,000 in loans loss reserves. That gives it a Texas Ratio of 3.6%.
Return on Equity
| Planters Bank & Trust Company | U.S. Bank Average |
|---|---|
| 6.54% | 10.46% |
Planters Bank & Trust Company has a Return on Equity of 6.54% versus the BestCashCow average of 10.46%. Return on equity measures how efficiently a bank is making money from its capital. A bank with a consistently high ROE can be considered well run. A bank with a consistently low ROE can be considered poorly run.
Capitalization
| Planters Bank & Trust Company | U.S. Bank Average |
|---|---|
| 9.27% | 10.84% |
Planters Bank & Trust Company has a Capitalization of 9.27% versus the BestCashCow average of 10.84. Capitalization measures how much equity capital a bank has to underpin loans and other assets on its balance sheet. The higher the capitalization number the more secure a bank is considered.
Planters Bank & Trust Company Balance Sheet Analysis
As of June 30, 2024, Planters Bank & Trust Company had assets of $2,016,426,000, loans of $1,277,334,000, and deposits of $1,673,250,000. Long-term increases in deposits shows a bank's ability to raise funds to grow its loans and assets. Loan and asset growth may rise or fall depending on a bank's strategy for growth. Sharp rises and falls in assets, deposits, and loans can be problematic, indicating a loosening of lending standards, or financial distress leading to reduced lending. A big change in these figured can also be from a bank acquisition or merger.
Summary Balance Sheet
June 30, 2024| ASSETS | |
|---|---|
| Cash & Balances due from depository institutions | $ 47.23 million |
| Interest-bearing balances | $ 27.97 million |
| Total securities | $ 555.96 million |
| Federal funds sold and reverse repurchase | $ 0.78 million |
| Net loans and leases | $ 1,277.33 million |
| Loan loss allowance | $ 11.53 million |
| Trading account assets | N.A. |
| Bank premises and fixed assets | N.A. |
| Other real estate owned | $ 0.99 million |
| Goodwill and other intangibles | $ 24.16 million |
| All other assets | $ 63.04 million |
| Total Assets | $ 1,829.44 million |
| LIABILITIES | |
|---|---|
| Total deposits | $ 1,673.25 million |
| Interest-bearing deposits | $ 1,268.61 million |
| Deposits held in domestic offices | $ 1,673.25 million |
| % insured (estimated) | 64.16% |
| Federal funds purchased and repurchase agreements | N.A. |
| Trading liabilities | N.A. |
| Other borrowed funds | $ 23.15 million |
| Subordinated debt | N.A. |
| All other liabilities | $ 6.20 million |
| Total Liabilities | $ 1,829.44 million |
| Shareholders’ Equity | $ 186.99 million |
Summary Income Statement
June 30, 2024| INCOME AND EXPENSES | |
|---|---|
| Total Interest Income | $ 47.13 million |
| Total Interest Expense | $ 24.07 million |
| Net interest income | $ 23.06 million |
| Provision for loan and lease losses | $ 1.02 million |
| Total non interest income | $ 5.98 million |
| Total non interest expense | $ 20.04 million |
| Pre-tax Net Operating Income | $ 11.48 million |
Bank Loan Profile?
The top three loan types in Planters Bank & Trust Company’s loan portfolio are Commercial Real Estate, 1-4 Family Residential Loans, and Commercial and Industrial Loans.
Compared to other banks in Mississippi, Planters Bank & Trust Company has a significantly higher percent of Multifamily Mortgages on its balance sheet, potentially indicating a specialty in that lending area.
Note: Percentages may not sum to 100% due to rounding and double categorization of some loan types. All data from the FDIC. Additional information about this table.
| % Loans |
% Comparison to Other Banks |
|||
|---|---|---|---|---|
| Low | Med | High | ||
| 1-4 Family Residential Loans | 16.41 | ✓ | ||
| Multifamily Mortgages |
5.46 | ✓ | ||
| Credit Card Loans | 0.00 | ✓ | ||
| Consumer Auto Loans | 0.43 | ✓ | ||
| Small Business Loans | 8.72 | ✓ | ||
| Construction and Development Loans | 8.03 | ✓ | ||
| Commercial Real Estate | 25.27 | ✓ | ||
| Commercial and Industrial Loans | 8.88 | ✓ | ||
| Farm Loans | 4.65 | ✓ | ||
Customer Reviews for Planters Bank & Trust Company
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