BankFirst Financial Services
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Data as of · sourced from FFIEC call reports. How we update
BankFirst Financial Services is an FDIC-insured commercial bank headquartered in Macon, MS, established in 1888 (FDIC certificate 8870), and it is supervised by the Federal Reserve. At Q2 2026 it reported total assets of $3.31B, up 20.5% from Q2 2025, the 6th largest of 57 banks headquartered in Mississippi. It reports no CET1 ratio; its Tier 1 leverage ratio was 10.86% at Q2 2026, above the 9% community bank leverage ratio requirement for being considered well capitalized.
- Charter
- Commercial bank
- Regulator
- Federal Reserve
- Deposit insurance
- FDIC
- FDIC certificate
- 8870
- Headquarters
- Macon, MS
- Established
- 1888
- Total assets, Q2 2026
- $3.31B
- Assets vs Q2 2025
- +20.5%
- Tier 1 leverage ratio, Q2 2026
- 10.86%
- Domestic offices
- 51 FDIC institution directory, current count
- Routing number
- 084201786
- Holding company
- BANKFIRST CAPITAL CORPORATION
- Asset rank in state
- 6th of 57 in Mississippi
BankFirst Financial Services is growing quickly. Its balance sheet stood at $3.3 billion at June 30, 2026, up 20.5% from a year earlier; it is based in Macon, Mississippi. It grew its loan book 23.9% over the year, 4.1 times the median of 5.9% for the 895 banks with $1 billion to $10 billion in assets. It also returns 8.4% a year on shareholders' equity, lower than about three-quarters of banks its size (median 12.6%).
Net income for the quarter rose 26% from a year earlier, to $9.2 million. Over the same year, loans grew 23.9% and deposits grew 18.9%.
As of June 30, 2026, BankFirst Financial Services reported a return on assets of 1.10%, a nonperforming-loan ratio of 0.77% and a Texas ratio of 4.23%. The figures come from its call report filed with the FFIEC.
By total assets at Q2 2026, BankFirst Financial Services is the 6th largest of the 57 banks headquartered in Mississippi. Between Q1 2026 and Q2 2026, its total assets fell 0.5% to $3.31B, loans rose 1.7% and deposits fell 0.8%. Its loan book on June 30, 2026 was led by 1-4 family residential loans, at 31.9% of total loans, followed by non-owner-occupied commercial real estate loans at 17.3%. Its 47 offices in the FDIC Summary of Deposits are in 33 cities across 2 states; its Columbus 3 offices book 13% of its branch deposits. On its Q2 2026 call report, BankFirst Financial Services meets the community bank leverage ratio test for well capitalized.
Headquarters Profile
- Address
- 900 Main St, Macon, MS 39701
- County
- Lowndes
- Metro Area
- Columbus, MS
- Charter
- Commercial bank, state charter, Fed member, FRB-supervised
- Primary Regulator
- Federal Reserve
- FDIC Region
- Dallas (Region 13)
- Federal Reserve member
- Yes
- Federal Reserve district
- District 8, St. Louis
- Fiduciary (trust) powers
- —
- Call Report form
- FFIEC 051
- Established
- June 1, 1888
- Domestic offices
- 51 FDIC institution directory, current count
- Employees (FTE)
- 533
- Domestic deposits
- $2.83B
- Allowance for credit losses
- $29.9M
- Net charge-offs (YTD)
- $1.1M
- Average total assets
- $3.32B
- Average total loans
- $2.26B
- Average interest-bearing deposits
- $2.23B
- Tax status
- C corporation
- Ownership
- Stock
- Community bank
- No
- FDIC-insured since
- January 1, 1934
- FDIC Cert
- 8870
- Fed RSSD
- 914648
- SEC CIK
- 1726767 → filed by BANKFIRST CAPITAL CORPORATION
- Website
- http://www.bankfirstfs.com →
- Parent Holding Company
- BANKFIRST CAPITAL CORPORATION (RSSD 1247455)
Profitability
Q2 annualizedBalance Sheet
Income Statement
Operating & Funding
Ratios tagged annualized use the Q2 income alone. The UBPR and FDIC annualize the year to date instead. FDIC BankFind divides by the average of quarter-end total assets, the UBPR by RC-K average assets. The YTD margin is the UBPR's tax-equivalent figure over its own average earning assets; FDIC BankFind's margin is not tax-equivalent. As a community bank leverage ratio filer, BankFirst Financial Services reports no risk-based capital ratios; its Tier 1 leverage ratio applies. How we compute these figures
Quarterly trends
From Q3 2023 to Q2 2026, BankFirst Financial Services's total assets ranged from $2.70B (Q1 2024) to $3.32B (Q1 2026), and it earned a profit in all 12 quarters. The line under each chart compares Q2 2026 with Q2 2025. How these charts are built
$3.31B total assets against $2.74B; $2.87B total liabilities against $2.41B.
$2.25B net loans and leases against $1.81B; $2.83B total deposits against $2.38B.
$561.0M securities against $542.3M; $199.2M cash and balances due against $141.3M.
$42.3M total interest income against $34.6M; $12.1M total interest expense against $11.2M.
$30.2M net interest income against $23.5M.
$7.7M total noninterest income against $7.1M; $24.4M total noninterest expense against $20.1M.
$1.6M provision for credit losses against $850K.
$9.2M net income against $7.3M.
1.10% return on assets against 1.05%; 4.05% net interest margin against 3.76%.
10.86% tier 1 leverage ratio against 9.89%.
Inside the full BankFirst Financial Services terminal
21 quarters of trends · 8 tabs · peer percentiles · watchlist alerts
Unlock this bank, freeWatch flags
Automated conditions triggered on this bank's latest filing. Advisory only; see the source metric pages for full context. Each flag is tagged Regulatory when it cites an official supervisory threshold, or BRR analysis when it's our own band, informed by our data and models.
Commercial real estate loans are between 200% and 300% of total capital, approaching the 2006 interagency guidance threshold of 300% that triggers heightened supervisory attention. BankRegReports early-warning band below the 300% guidance.
BankFirst Financial Services rankings
Its closest position to the top of a national ranking is 379 of 4,196, for total assets; its furthest is 723 of 980, for uninsured deposits.
Banks merged into BankFirst Financial Services
- Magnolia State Bank, effective July 1, 2025
Quarterly trend: last 8 quarters
Across the 8 quarters to Q2 2026, its return on assets ran from 0.71% (Q3 2025) to 1.33% (Q4 2025) and its net interest margin ran from 3.51% (Q3 2024) to 4.06% (Q3 2025).
| Quarter | Leverage | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 10.86% | 1.10% | 0.77% | 4.23% | 4.05% |
| Q1 2026 | 10.61% | 1.08% | 0.74% | 4.17% | 3.95% |
| Q4 2025 | 10.35% | 1.33% | 0.67% | 3.83% | 3.93% |
| Q3 2025 | 9.97% | 0.71% | 0.68% | 4.18% | 4.06% |
| Q2 2025 | 9.89% | 1.05% | 0.78% | 4.88% | 3.76% |
| Q1 2025 | 10.80% | 0.99% | 0.81% | 4.89% | 3.62% |
| Q4 2024 | 10.58% | 1.17% | 0.93% | 5.91% | 3.69% |
| Q3 2024 | 11.23% | 0.99% | 0.72% | 4.26% | 3.51% |
Swipe the table sideways to see every column.
Branch Network
View all 47 branches → Branch count from the FDIC Summary of Deposits, June 30, 2026. The domestic office count above is the FDIC's current figure, so the two can differ.
| Branch | Location | ZIP | Deposits |
|---|---|---|---|
| BankFirst Financial Services (main office) | Columbus , MS | 39701 | $345.0M |
| Senatobia Branch | Senatobia , MS | 38668 | $197.3M |
| Bay Springs Branch | Bay Springs , MS | 39422 | $166.9M |
| Tuscaloosa Main Branch | Tuscaloosa , AL | 35401 | $161.6M |
| Water Valley - Main Branch | Water Valley , MS | 38965 | $155.1M |
| Haleyville Branch | Haleyville , AL | 35565 | $146.4M |
| Main Street Branch | Macon , MS | 39341 | $130.9M |
| Newton Branch | Newton , MS | 39345 | $128.0M |
| Fayette Main Branch | Fayette , AL | 35555 | $126.2M |
| Madison Branch | Madison , MS | 39110 | $96.6M |
| Double Springs Branch | Double Springs , AL | 35553 | $87.9M |
| Russell Street Branch | Starkville , MS | 39759 | $84.3M |
| Petal Branch | Petal , MS | 39465 | $70.1M |
| Hattiesburg Branch | Hattiesburg , MS | 39402 | $63.8M |
| Flowood Branch | Flowood , MS | 39232 | $62.4M |
| West Point Branch | West Point , MS | 39773 | $61.3M |
| University Avenue Branch | Oxford , MS | 38655 | $50.6M |
| Northport Branch | Northport , AL | 35476 | $44.7M |
| Coldwater Branch | Coldwater , MS | 38618 | $43.1M |
| Taylorsville Branch | Taylorsville , MS | 39168 | $39.4M |
| Gordo Branch | Gordo , AL | 35466 | $37.4M |
| Crossgates Branch | Starkville , MS | 39759 | $36.6M |
| Laurel Branch | Laurel , MS | 39440 | $34.8M |
| Hernando Branch | Hernando , MS | 38632 | $34.6M |
| Aliceville Branch | Aliceville , AL | 35442 | $33.2M |
Events & Regulatory History
Mergers, charter changes, enforcement actions, FDIC assistance, and (if applicable) failure events recorded against this institution. Click a year to see what else was happening across US banking that year.
| Date | Category | Event | Source |
|---|---|---|---|
| July 1, 2025 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| July 1, 2025 | Structure Change | Acquired Magnolia State Bank Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| January 1, 2023 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| January 1, 2023 | Structure Change | Acquired Mechanics Bank Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| October 1, 2022 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| October 1, 2022 | Structure Change | Acquired Sycamore Bank Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| January 1, 2022 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| January 1, 2022 | Structure Change | Acquired The Citizens Bank of Fayette Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| July 1, 2020 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| July 1, 2020 | Structure Change | Acquired Traders & Farmers Bank Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| April 1, 2019 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| April 1, 2019 | Structure Change | Acquired FNB Of Central Alabama Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| September 1, 2015 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| September 1, 2015 | Structure Change | Acquired Newton County Bank Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
Sourced from the bank event history (FDIC, Federal Reserve NIC, OCC, and OTS). Showing the most recent 14 events, scroll the table for the full history.
Regulatory record
Facts as filed or published, not a rating.
- Deposit market share
- 2.5% of deposits in MS, rank 9 of 80 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- Mortgage lending (HMDA)
- 1,520 applications, 1,269 loans originated, $266.9M originated, across 10 states
- Period: Calendar year 2025. Source: FFIEC HMDA loan application register.
- SBA 7(a) lending
- 11 loans, $1.6M approved, $145K average. 0.00% of that year's loans have since been charged off
- Period: Federal fiscal year 2025 (October to September). Source: SBA 7(a) and 504 loan data (FOIA).
- Not on file
- Enforcement actions, Consumer complaints, CFPB enforcement, CRA examination rating. No record from these sources, which is not the same as a clean record. Sources
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Frequently asked about BankFirst Financial Services
What are BankFirst Financial Services's total assets?
As of the Q2 2026 filing, BankFirst Financial Services reported total assets of $3.31 billion in its FFIEC call report.
Where is BankFirst Financial Services headquartered?
It is headquartered in Macon, MS, United States.
When was BankFirst Financial Services founded?
It was established in 1888, per the FDIC institution directory.
Is BankFirst Financial Services FDIC-insured?
Yes. It is an FDIC-insured commercial bank (FDIC Certificate #8870). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category, per FDIC rules.
Who regulates BankFirst Financial Services?
BankFirst Financial Services's primary federal regulator is the Federal Reserve.
How many branches does BankFirst Financial Services operate?
It operates 51 domestic offices, per the FDIC institution directory. That count includes administrative and limited-service offices as well as full-service branches.
What is BankFirst Financial Services's Texas Ratio?
Its Texas Ratio is 4.23% in its Q2 2026 call report, within the healthy range (at or below 50%, the level at which problem assets reach half of the capital cushion). The Texas Ratio measures non-performing assets against the bank's capital and reserves.
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