Great Southern Bank (Meridian, MS)
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Data as of · sourced from FFIEC call reports. How we update
Great Southern Bank is an FDIC-insured commercial bank headquartered in Meridian, MS, established in 1902 (FDIC certificate 8552), and it is supervised by the Federal Reserve. At Q2 2026 it reported total assets of $355.1M, up 6.6% from Q2 2025, the 34th largest of 57 banks headquartered in Mississippi. Its CET1 capital ratio was 20.51% at Q2 2026, comfortably above the 7% level required once the capital conservation buffer is included.
- Charter
- Commercial bank
- Regulator
- Federal Reserve
- Deposit insurance
- FDIC
- FDIC certificate
- 8552
- Headquarters
- Meridian, MS
- Established
- 1902
- Total assets, Q2 2026
- $355.1M
- Assets vs Q2 2025
- +6.6%
- CET1 ratio, Q2 2026
- 20.51%
- Domestic offices
- 11 FDIC institution directory, current count
- Routing number
- 065303784
- Holding company
- GREAT SOUTHERN CAPITAL CORPORATION
- Asset rank in state
- 34th of 57 in Mississippi
Great Southern Bank, based in Meridian, Mississippi, reported $355 million in assets at June 30, 2026, up 6.6% from a year earlier. It pays an average of 1.05% on its deposits and borrowings, lower than about three-quarters of the 2,660 banks with $100 million to $1 billion in assets (median 1.80%). On the other hand, it spends about 80 cents to bring in each dollar of revenue, higher than about three-quarters of banks its size (median 61 cents).
Earnings jumped: net income for the quarter was $617,000, 50% above the same quarter a year earlier. Paper losses on its bond portfolio are shrinking: unrealized losses of $11 million equal 33% of Tier 1 capital, down from 46% a year earlier. Profitability lags: it earns about $0.69 a year on every $100 of assets, about half the median of $1.28 for banks its size.
As of June 30, 2026, Great Southern Bank reported a CET1 capital ratio of 20.51%, a return on assets of 0.69%, a nonperforming-loan ratio of 0.67% and a Texas ratio of 7.05%. The figures come from its call report filed with the FFIEC.
By total assets at Q2 2026, Great Southern Bank is the 34th largest of the 57 banks headquartered in Mississippi. From Q1 2026 to Q2 2026, its total assets rose 3.6% to $355.1M, loans fell 0.7% and deposits rose 0.6%. The largest part of its loan book on June 30, 2026 was 1-4 family residential loans, at 41.9% of total loans, ahead of commercial and industrial loans at 12.3%. The FDIC Summary of Deposits lists 11 offices for it, in 6 cities in MS; its Meridian 5 offices book 42% of its branch deposits. On its Q2 2026 call report, Great Southern Bank meets every capital ratio test for well capitalized.
Headquarters Profile
- Address
- 218 22nd Ave S, Meridian, MS 39301
- County
- Lauderdale
- Metro Area
- Meridian, 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 6, Atlanta
- Fiduciary (trust) powers
- Full trust powers granted
- Call Report form
- FFIEC 051
- Established
- March 2, 1902
- Former names
- Great Southern National Bank (1981-2015)
- Domestic offices
- 11 FDIC institution directory, current count
- Employees (FTE)
- 94
- Domestic deposits
- $312.0M
- Allowance for credit losses
- $932K
- Net charge-offs (YTD)
- $11K
- Average total assets
- $355.5M
- Average total loans
- $143.8M
- Average interest-bearing deposits
- $229.5M
- Tax status
- Subchapter S
- Ownership
- Stock
- Community bank
- Yes
- FDIC-insured since
- January 1, 1934
- FDIC Cert
- 8552
- Fed RSSD
- 101738
- Website
- www.greatsouthern.bank →
- Parent Holding Company
- GREAT SOUTHERN CAPITAL CORPORATION (RSSD 1080568)
Profitability
Q2 annualizedCapital & Liquidity
Balance 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. How we compute these figures
Quarterly trends
From Q3 2023 to Q2 2026, Great Southern Bank's total assets ranged from $330.4M (Q3 2025) to $366.4M (Q1 2024), 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
$355.1M total assets against $333.1M; $328.6M total liabilities against $309.2M.
$142.8M net loans and leases against $137.4M; $312.0M total deposits against $307.7M.
$165.4M securities against $162.9M; $29.9M cash and balances due against $16.5M.
$3.6M total interest income against $3.2M; $833K total interest expense against $951K.
$2.8M net interest income against $2.3M.
$540K total noninterest income against $786K; $2.7M total noninterest expense against $2.7M.
$0 provision for credit losses against $0.
$617K net income against $411K.
0.69% return on assets against 0.48%; 3.38% net interest margin against 2.96%.
20.51% CET1 capital ratio against 20.02%; 9.49% tier 1 leverage ratio against 9.61%.
Inside the full Great Southern 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.
Held-to-maturity securities carry unrealized losses worth 10–25% of book equity. Carried at amortized cost, they do not reduce reported capital, but they shrink the bank's true mark-to-market cushion if the securities ever have to be sold. BankRegReports analysis, HTM marks aren't a reported regulatory metric.
Great Southern Bank rankings
Its closest position to the top of a national ranking is 309 of 2,134, for CET1 ratio; its furthest is 3,221 of 3,606, for efficiency ratio.
Quarterly trend: last 8 quarters
From Q3 2024 to Q2 2026, its return on assets ran from -0.08% (Q4 2024) to 0.69% (Q2 2026) and its net interest margin ran from 2.65% (Q1 2025) to 3.38% (Q2 2026).
| Quarter | CET1 | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 20.51% | 0.69% | 0.67% | 7.05% | 3.38% |
| Q1 2026 | 20.43% | 0.62% | 0.58% | 6.72% | 3.30% |
| Q4 2025 | 20.12% | 0.69% | 0.66% | 7.10% | 3.34% |
| Q3 2025 | 20.32% | 0.61% | 0.63% | 7.04% | 3.18% |
| Q2 2025 | 20.02% | 0.48% | 0.45% | 6.46% | 2.96% |
| Q1 2025 | 19.89% | 0.18% | 0.45% | 6.53% | 2.65% |
| Q4 2024 | 19.77% | -0.08% | 0.49% | 7.28% | 2.69% |
| Q3 2024 | 20.94% | 0.55% | 0.72% | 6.91% | 3.10% |
Swipe the table sideways to see every column.
Branch Network
View all 11 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 |
|---|---|---|---|
| Great Southern Bank (main office) | Meridian , MS | 39301 | $105.0M |
| Quitman Branch | Quitman , MS | 39355 | $66.8M |
| Waynesboro Branch | Waynesboro , MS | 39367 | $48.0M |
| Hattiesburg Main Branch | Hattiesburg , MS | 39401 | $24.2M |
| Bank of Decatur Branch | Decatur , MS | 39327 | $22.7M |
| Meridian North-Branch | Meridian , MS | 39305 | $11.2M |
| Enterprise Branch | Enterprise , MS | 39330 | $9.9M |
| West Branch | Hattiesburg , MS | 39402 | $9.2M |
| Bonita Lakes Branch | Meridian , MS | 39301 | $7.0M |
| College Park Branch | Meridian , MS | 39301 | $4.8M |
| Medical Center Branch | Meridian , MS | 39301 | $3.2M |
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 |
|---|---|---|---|
| October 1, 1981 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| October 1, 1981 | Structure Change | Acquired Bank of Jackson, N.A. Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| October 3, 1980 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| October 3, 1980 | Structure Change | Acquired First National Bank of Waynesboro 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 4 events.
Regulatory record
Facts as filed or published, not a rating.
- Deposit market share
- 0.4% of deposits in MS, rank 40 of 80 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- Mortgage lending (HMDA)
- 133 applications, 93 loans originated, $11.5M originated, across 10 states
- Period: Calendar year 2025. Source: FFIEC HMDA loan application register.
- SBA 7(a) lending
- 3 loans, $1.3M approved, $420K average. 33.33% of that year's loans have since been charged off
- Period: Federal fiscal year 2005 (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 Great Southern Bank
What are Great Southern Bank's total assets?
As of the Q2 2026 filing, Great Southern Bank reported total assets of $355.1 million in its FFIEC call report.
Where is Great Southern Bank headquartered?
It is headquartered in Meridian, MS, United States.
When was Great Southern Bank founded?
It was established in 1902, per the FDIC institution directory.
Is Great Southern Bank FDIC-insured?
Yes. It is an FDIC-insured commercial bank (FDIC Certificate #8552). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category, per FDIC rules.
Who regulates Great Southern Bank?
Great Southern Bank's primary federal regulator is the Federal Reserve.
What is Great Southern Bank's CET1 capital ratio?
It reported a Common Equity Tier 1 (CET1) capital ratio of 20.51% in its Q2 2026 call report, comfortably above the 7% level required once the capital conservation buffer is included.
How many branches does Great Southern Bank operate?
It operates 11 domestic offices, per the FDIC institution directory. That count includes administrative and limited-service offices as well as full-service branches.
What is Great Southern Bank's Texas Ratio?
Its Texas Ratio is 7.05% 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.
What was Great Southern Bank previously called?
The charter now named Great Southern Bank has also operated as Great Southern National Bank (1981-2015), per FDIC structure-change records.
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