Genesis Bank (Benoit, MS)
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Data as of · sourced from FFIEC call reports. How we update
Genesis Bank is an FDIC-insured commercial bank headquartered in Benoit, MS, established in 1904 (FDIC certificate 15817), and it is supervised by the FDIC. At Q2 2026 it reported total assets of $97.2M, up 30.6% from Q2 2025, the 55th largest of 57 banks headquartered in Mississippi. It reports no CET1 ratio; its Tier 1 leverage ratio was 19.59% at Q2 2026, above the 9% community bank leverage ratio requirement for being considered well capitalized.
- Charter
- Commercial bank
- Regulator
- FDIC
- Deposit insurance
- FDIC
- FDIC certificate
- 15817
- Headquarters
- Benoit, MS
- Established
- 1904
- Total assets, Q2 2026
- $97.2M
- Assets vs Q2 2025
- +30.6%
- Tier 1 leverage ratio, Q2 2026
- 19.59%
- Domestic offices
- 1 FDIC institution directory, current count
- Routing number
- 084202743
- Holding company
- GENESIS BANCORP, INC.
- Asset rank in state
- 55th of 57 in Mississippi
Problem loans are rising at Genesis Bank. Its balance sheet stood at $97 million at June 30, 2026, up 30.6% from a year earlier; it is based in Benoit, Mississippi. Loans on nonaccrual or 90 or more days past due, net of government guarantees, rose to 2.85% of loans from 2.16% a year earlier. It pays an average of 3.36% on its deposits and borrowings, about double the median of 1.53% for the 583 banks with less than $100 million in assets. It also grew its loan book 47.1% over the year, 18.4 times the median of 2.6% for banks its size.
Earnings jumped: net income for the quarter was $174,000, 46% above the same quarter a year earlier. Over the same year, loans grew 47.1% and deposits grew 23.2%. Credit is the area to watch: it carries problem assets equal to 11.1% of the capital and reserves that would absorb them, 8.1 times the median of 1.4% for banks its size.
As of June 30, 2026, Genesis Bank reported a return on assets of 0.72%, a nonperforming-loan ratio of 2.85% and a Texas ratio of 11.12%. The figures come from its call report filed with the FFIEC.
Of the 57 banks headquartered in Mississippi, Genesis Bank is the 55th largest by total assets at Q2 2026. Quarter on quarter (Q1 2026 to Q2 2026), its total assets fell 1.1% to $97.2M, loans rose 5.9% and deposits fell 11.5%. Its loan book on June 30, 2026 was led by other consumer loans, at 86.3% of total loans, followed by commercial and industrial loans at 8.5%. Its one office in the FDIC Summary of Deposits is in Benoit, MS. On its Q2 2026 call report, Genesis Bank meets the community bank leverage ratio test for well capitalized.
Headquarters Profile
- Address
- 202 Main St, Benoit, MS 38725
- County
- Bolivar
- Metro Area
- Cleveland, MS
- Charter
- Commercial bank, state charter, Fed non-member, FDIC-supervised
- Primary Regulator
- FDIC
- FDIC Region
- Dallas (Region 13)
- Federal Reserve member
- No
- Federal Reserve district
- District 8, St. Louis
- Fiduciary (trust) powers
- —
- Call Report form
- FFIEC 051
- Established
- January 1, 1904
- Domestic offices
- 1 FDIC institution directory, current count
- Employees (FTE)
- 18
- Domestic deposits
- $73.8M
- Allowance for credit losses
- $917K
- Net charge-offs (YTD)
- -$36K
- Average total assets
- $97.3M
- Average total loans
- $75.6M
- Average interest-bearing deposits
- $63.0M
- Tax status
- C corporation
- Ownership
- Stock
- Community bank
- Yes
- FDIC-insured since
- May 6, 1941
- FDIC Cert
- 15817
- Fed RSSD
- 659640
- Parent Holding Company
- GENESIS BANCORP, INC. (RSSD 5450178)
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, Genesis Bank 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, Genesis Bank's total assets ranged from $50.6M (Q3 2023) to $98.3M (Q1 2026), and it earned a profit in 11 of the 12 quarters. The line under each chart compares Q2 2026 with Q2 2025. How these charts are built
$97.2M total assets against $74.5M; $78.2M total liabilities against $60.8M.
$76.9M net loans and leases against $52.4M; $73.8M total deposits against $59.9M.
$6.7M securities against $5.1M; $9.4M cash and balances due against $12.6M.
$1.7M total interest income against $1.3M; $642K total interest expense against $536K.
$1.1M net interest income against $726K.
$40K total noninterest income against $280K; $761K total noninterest expense against $672K.
$150K provision for credit losses against $196K.
$174K net income against $119K.
0.72% return on assets against 0.63%; 4.74% net interest margin against 4.24%.
19.59% tier 1 leverage ratio against 17.91%.
Inside the full Genesis Bank 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.
Loans outstanding are at or above total deposits. The bank reports little borrowing or brokered funding, so the difference is carried mainly by equity and other liabilities. Worth watching if loan growth continues to outpace deposits. Industry heuristic, not a supervisory threshold.
Quarterly trend: last 8 quarters
From Q3 2024 to Q2 2026, its return on assets ran from -0.24% (Q4 2025) to 1.28% (Q4 2024) and its net interest margin ran from 4.24% (Q2 2025) to 6.06% (Q3 2024).
| Quarter | Leverage | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 19.59% | 0.72% | 2.85% | 11.12% | 4.74% |
| Q1 2026 | 15.55% | 1.20% | 2.25% | 11.29% | 5.42% |
| Q4 2025 | 16.34% | -0.24% | 3.04% | 12.83% | 4.46% |
| Q3 2025 | 17.95% | 0.36% | 2.80% | 10.74% | 4.31% |
| Q2 2025 | 17.91% | 0.63% | 2.16% | 8.08% | 4.24% |
| Q1 2025 | 19.12% | 0.52% | 3.70% | 13.73% | 4.43% |
| Q4 2024 | 19.29% | 1.28% | 4.06% | 14.30% | 5.34% |
| Q3 2024 | 20.38% | 0.23% | 2.86% | 9.81% | 6.06% |
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Branch Network
View the branch → 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 |
|---|---|---|---|
| Genesis Bank (main office) | Benoit , MS | 38725 | $73.8M |
Regulatory record
Facts as filed or published, not a rating.
- Deposit market share
- <0.1% of deposits in MS, rank 70 of 80 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- Not on file
- Enforcement actions, Mortgage lending (HMDA), SBA 7(a) lending, 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 Genesis Bank
What are Genesis Bank's total assets?
As of the Q2 2026 filing, Genesis Bank reported total assets of $97.2 million in its FFIEC call report.
Where is Genesis Bank headquartered?
It is headquartered in Benoit, MS, United States.
When was Genesis Bank founded?
It was established in 1904, per the FDIC institution directory.
Is Genesis Bank FDIC-insured?
Yes. It is an FDIC-insured commercial bank (FDIC Certificate #15817). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category, per FDIC rules.
Who regulates Genesis Bank?
Genesis Bank's primary federal regulator is the FDIC.
How many branches does Genesis Bank operate?
It operates 1 domestic office, per the FDIC institution directory. That count includes administrative and limited-service offices as well as full-service branches.
What is Genesis Bank's Texas Ratio?
Its Texas Ratio is 11.12% 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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