BankFirst Financial Services, Financial Information

AboutBankFirst Financial Services

 Address:
900 Main St
Columbus,MS
Noxubee County,Mississippi
 Established:
Jun 1888
 Number of domestic offices:
27
Total assets$1,731M
Net income$16M
Net income,quarterly$4M
Total deposits$1,516M
Domestic deposits$1,516M
Equity capital$190M
ROA1.03%
ROAQ,quarterly1.02%
ROA,pretax1.02%
ROAQ,quarterly,pretax1.23%
ROE9.24%
ROEQ,quarterly9.2%
UpdatedMay 20, 2021

Terms and Definitions

  • Domestic deposits
    The sum of all domestic deposits, including demand deposits, money market deposits and time deposits.
  • Equity capital
    Total equity capital (includes preferred and common stock, surplus and undivided profits).
  • ROA
    Return on assets, net income after taxes and extraordinary items (annualized) as a percent of average total assets.
  • ROE
    Return on equity, annualized net income as a percent of average equity on a consolidated basis.

On June 1, 1888, Merchants and Farmers Bank, in Macon, MS, opened with $20,000 in capital. The first home of the bank was the law office of Judge H. W. Foote, the only building in town with a fireproof vault.

The 1990s was a decade of great growth as the bank moved into the Golden Triangle. In 1994, the bank added three branches in Columbus, and then branched into West Point on a de novo basis in 1997. In 1999, the bank opened two de novo branches in Starkville. With the rapid expansion of the bank's service area, it was felt that the bank needed a new name — one that would better represent ability to meet the financial needs of all the people within the communities it serves. For that reason, on July 12, 1999, Merchants & Farmers Bank became BankFirst Financial Services.

In 2002, BankFirst expanded its service area again by moving into the Greater Jackson area. First the bank opened a de novo branch in Madison in 2002, followed by a Gluckstadt branch in 2005. In 2006, the bank expanded by establishing de novo branches in Ridgeland and in Flowood.

BankFirst Financial Services has been able to withstand tough economic times, continue to grow, make a profit for its shareholders, and serve the needs of its customers and their communities.

Highway 45 North
P.O. Box 1248
Columbus, MS 39703
Phone: 662-328-2300
Fax: 662-328-3398
First Connection: 662-329-1500

Main Street
900 Main Street
Columbus, MS 39701
P.O. Box 1248
Columbus, MS 39703
Phone: 662-328-2345
Fax: 662-328-2567
First Connection: 662-329-1500

Lehmberg Road
110 Lehmberg Road
Columbus, MS 39702
P.O. Box 1248
Columbus, MS 39703
Phone: 662-328-2341
Fax: 662-328-1059
First Connection: 662-329-1500