Richton Bank & Trust Company, Financial Information

About Richton Bank & Trust Company

 Address:
114 South Front Street
Richton, MS
Perry County, Mississippi
 Established:
Jan 1931
 Number of domestic offices:
2
Total assets$57M
Net income$-2M
Net income, quarterly$-2M
Total deposits$48M
Domestic deposits$48M
Equity capital$8M
ROA-3.47%
ROAQ, quarterly-13.96%
ROA, pretax-13.96%
ROAQ, quarterly, pretax-13.96%
ROE-22.1%
ROEQ, quarterly-92.44%
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.

The Bank of Richton closed in 1930 and a new bank was organized that year. This was the first organization of the Richton Bank and Trust Company. Richton Bank & Trust Company has grown from an $8 million bank in 1971 to a $84 million bank in 2008. Presently Richton Bank and Trust Company has 21 full-time employees.

Richton Bank & Trust Company has expanded in the last 8 years to include 2 branches as well as a freestanding ATM. The North Branch was established in November 1997. The full service New Augusta Branch was operational in February 2001 and ATM service became available at Sandhill in August 2001.

In 2004 Richton Bank & Trust Company purchased the old Western Auto lot in New Augusta in anticipation of a permanent, larger structure to be built in the future. The Main Office of Richton Bank & Trust Company began remodeling in 2004 and expanded its facility from 6,000 square feet to 11,500 square feet. The Town of Richton began leasing the Town Square property from Richton Bank & Trust for $1 a year in 2004, as well. In May 2005 Richton Bank & Trust Company purchased a lot in Petal located on Highway 42 in order to build a branch to better serve its customers in the Petal area.

Main Office
114 South Front Street
P.O. Box 527
Richton, MS 39476
Phone: 601-788-3000
Fax: 601-788-5822

North branch in Richton
809 North Front Street
Richton, MS 39476
Phone : 601-788-3000

New augusta branch
202 Pine Street West
P.O. Box 388
New Augusta, MS 39462
Phone : 601-788-3000
Fax : 601-964-8855