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Q2 2026 · read from the 30 June 2026 Call Report · United States · South Central · Mississippi, the state note

Bankfirst Financial Services

Columbus, Mississippi · $3.31B in assets · beside the 11 other the South Central states banks between $3B and $10B (the state alone holds too few in the band to rank)

The filing

13.3%
Equity / assets
2nd of 12
+23.9%
Loans, year over year
2nd of 12, largest first
80.3%
Loans / deposits
4th of 12

Bankfirst Financial Services is the seventh largest of the 12 the South Central states banks nearest its size between $3B and $10B, with $3.31B in assets at 30 June 2026. Loans are 80.3% of deposits, 4th of 12 against a median of 84.0%, and equity is 13.3% of assets, 2nd of 12. Loans grew +23.9% in the year, 2nd of 12, and deposits grew 18.9%; the cohort's median loan growth is +8.5%.

Noncurrent loans are 0.77% of the book, 6th of 12 against a median of 0.86%; 0.37% is 30 to 89 days past due, and the allowance covers them 1.7 times. Commercial real estate is 33.7% of loans, 7th of 12 against a median of 32.2%, and 219% of capital, below the 300% screen, with construction at 62% against the 100% screen.

Return on assets is 1.09%, 7th of 12 against a median of 1.10%, on an efficiency ratio of 65.3%, 7th of 12. Five years ago it was 1.03%. The question is whether the new lending seasons as cleanly as the book it joined, and what funded it.

Equity as a share of assetsSouth Central states banks $3B to $10B · 30 June 2026 · higher is stronger, listed first
median 10.1% HB Home Bank National Association 13.6% BF Bankfirst Financial Services 13.3% SB Southern Bcorp Bank 12.5% LB Lawrence Bank 11.6% RR Red River Bank 11.3% GB Guaranty Bank & Trust Co. 11.1% FB Farmers Bank & Trust Co. 9.2% SB Southeast Bank 8.6% EB Encore Bank 8.4% IB Independence Bank of Kentucky 8.3% FC First Community Bank 7.8% CS CB & S Bank Inc 6.1%
Loans, year over yearSouth Central states banks $3B to $10B · 30 June 2026 · no better direction, largest first
median +8.5% LB Lawrence Bank +100.5% BF Bankfirst Financial Services +23.9% CS CB & S Bank Inc +14.0% FC First Community Bank +12.4% GB Guaranty Bank & Trust Co. +9.1% SB Southern Bcorp Bank +9.0% SB Southeast Bank +8.0% FB Farmers Bank & Trust Co. +6.6% RR Red River Bank +5.7% IB Independence Bank of Kentucky +1.1% HB Home Bank National Association +0.5% EB Encore Bank -6.9%

SBA 7(a), FY2008 to FY2026

Bankfirst Financial Services is the 9th largest 7(a) lender into Mississippi of 206, with $80M across 200 loans, 2.7% of everything approved in the state (Community Bank of Mississippi leads with $460M). 30 of its 76 markets have had no approvals since before FY2023: an absence in the record, not a stated withdrawal.

Where it lends in Mississippi, and where it has gone quietshare movement, FY2023 to FY2025 against FY2020 to FY2022; outlined counties are on the book
Gaining shareLosing shareFlatGone quiet: nothing since FY2023Too thin to read a directionNo record
Every market on the book, largest firstrank and share among every lender in the county, FY2008 to FY2026
CountyApprovedRankShareTrend
Noxubee, MS$13M1st of 736.0%-50.9 pts
Tuscaloosa, AL$9M3rd of 559.2%+7.7 pts
Harrison, MS$7M9th of 613.4%-14.4 pts
Rankin, MS$6M11th of 652.7%-1.0 pts
Leake, MS$5M5th of 144.0%quiet FY2022
Madison, MS$5M10th of 653.0%-3.8 pts
Winston, MS$4M2nd of 1013.5%-26.8 pts
Scott, MS$4M5th of 214.9%-19.2 pts
Saint Tammany, LA$4M19th of 781.2%+1.6 pts
Lowndes, MS$4M9th of 364.9%-8.5 pts
Lafayette, MS$4M1st of 3113.9%-66.0 pts
Oktibbeha, MS$3M2nd of 1719.9%-0.5 pts
Lee, MS$3M7th of 454.6%-12.0 pts
63 smaller markets not shown.
What it lends to: the five largest industries on the bookshare of book is concentration; share of sector and rank are position, among every 7(a) lender nationally
IndustryLoansApprovedShare of bookShare of sectorRank
Agriculture, forestry & fishing40$26M21.6%0.32%39th of 1,007
Accommodation & food services57$23M18.7%0.03%360th of 2,596
Retail trade56$18M14.8%0.03%335th of 2,589
Health care & social assistance40$14M11.3%0.03%325th of 2,172
Other services29$8M6.6%0.02%401st of 2,248
7(a) lenders into Mississippi, share of approvals since FY2008206 lenders on record; the ten largest and Bankfirst Financial Services
CB Community Bank of Mississippi 15.3% $460M · 1,205 loans FF First Financial Bank 10.0% $300M · 1,016 loans PB Peoples Bank 8.3% $248M · 805 loans LO Live Oak Banking Company 5.7% $171M · 118 loans TB Trustmark Bank 5.1% $155M · 1,047 loans B Bankplus 4.4% $132M · 340 loans RB Renasant Bank 4.0% $119M · 232 loans TH The Huntington National Bank 3.3% $99M · 260 loans BF Bankfirst Financial Services 2.7% $80M · 200 loans SA Southern Agcredit, Flca 1.8% $54M · 37 loans

Commercial real estate against capital

Commercial real estate concentrationthe 2006 interagency screens against total risk-based capital; Tier 1 stands in for the 6 CBLR filers, Bankfirst Financial Services among them; owner-occupied excluded; bold marks a screen met
Bankfirst Financial ServicesRankCohort median
Total CRE against capital, the 300% screen219%7th of 12213%
Construction against capital, the 100% screen62%4th of 1274%
Construction and land development, share of loans9.5%3rd of 1210.5%
Non-owner-occupied nonfarm nonresidential, share of loans17.3%7th of 1216.6%
Total CRE, the guidance definition, share of loans33.7%7th of 1232.2%
CRE growth over 36 months, the third prong+27.8%5th of 12+32.3%

Among its peers

Where it sits among its peersnavy: the stronger half of each column; amber: the weaker; darker at the ends
InstitutionAssetsROAEfficiencyNPA / loansNet charge-offsAllowance / loansLoans / depositsEquity / assets
Independence Bank of Kentucky$3.83B1.1%64.1%0.12%0.00%1.0%70.5%8.3%
Encore Bank$3.70B0.4%85.2%0.17%0.14%1.3%81.2%8.4%
First Community Bank$3.63B1.3%56.2%0.31%0.14%1.0%102.8%7.8%
Home Bank National Association$3.60B1.4%59.3%0.95%0.06%1.2%90.3%13.6%
Southeast Bank$3.58B0.7%71.4%2.66%0.09%0.6%96.6%8.6%
Red River Bank$3.31B1.5%53.7%0.11%0.01%1.1%77.8%11.3%
Bankfirst Financial Services$3.31B1.1%65.3%0.77%0.10%1.3%80.3%13.3%
Farmers Bank & Trust Co.$3.16B1.4%58.5%1.32%0.18%1.3%89.4%9.2%
CB & S Bank Inc$3.07B0.7%76.0%1.15%0.04%1.1%66.1%6.1%
Guaranty Bank & Trust Co.$3.07B1.1%62.6%2.01%0.11%1.4%83.2%11.1%
Lawrence Bank$3.04B1.0%71.0%0.17%0.12%0.9%86.4%11.6%
Southern Bcorp Bank$3.01B0.9%71.4%1.42%0.11%1.1%84.7%12.5%
Five years, 2021 to 2026same quarter, five years apart; dollars as growth, ratios in points
Bankfirst Financial ServicesCohort median
20212026Change20212026Change
Loans$1.14B$2.28B+100%$1.35B$2.27B+69%
Deposits$1.58B$2.83B+79%$1.65B$2.85B+72%
NPA / loans0.91%0.77%-0.14 pts0.54%0.86%+0.32 pts
Efficiency69.2%65.3%-3.8 pts61.5%64.7%+3.2 pts
ROA1.03%1.09%+0.06 pts1.11%1.10%-0.01 pts

This read was prepared for Bankfirst Financial Services's board and management from the public record, and is one slice of what Lynx builds for any bank from its own filing: the peer cohort, the capital, liquidity and rate models with the assumptions the institution sets, and a summary report of twenty sections for the board.

The full pack on Bankfirst Financial Services is prepared on request, and thirty days on the institution's own numbers are open to anyone at the bank.

Ask for the pack

Prepared 7 September 2026
Filing 30 June 2026
Cohort South Central states banks $3B to $10B
Institution www.bankfirstfs.com

Public record only: FFIEC Call Report, 30 June 2026; FDIC data; cohort by New England and asset band; SBA 7(a) FOIA release as of the 2026 file, loans credited to the institution holding them today. Computed from the institution's own Call Report and its peers' as published; no estimate, no adjustment; not a rating, not an audited statement and not a supervisory judgement.
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