Dedicated to Deposits: Deals, Data, and Discussion
Featured Savings Rates
Featured Accounts
Overview / Commentary
352-726-1221
320 Highway 41 South
Inverness, FL 34450

BRANNEN BANK is headquartered in Inverness and is the 53rd largest bank in the state of Florida. It is also the 1,587th largest bank in the nation. It was established in 1926 and as of March of 2014, it had grown to 120 employees at 12 locations. BRANNEN BANK has a C+ health rating.

No reviews have been left for this bank yet. Be the first to review.



Health

Data for Q1 2014

Institution Health

C+

Texas Ratio

GRADE:
C+

The Texas Ratio is an indicator of how much capital a bank has available compared to the total value of loans considered at risk. As of March 31, 2014 BRANNEN BANK had $8.82 million in non-current loans and owned real-estate with $34.03 million in equity and loan loss allowances on hand to cover it. This gives BRANNEN BANK a Texas Ratio of 25.91% which is average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
C+

The Texas Ratio for BRANNEN BANK experienced no significant changes from 23.47% as of March 31, 2013 to 25.91% as of March 31, 2014, resulting in a negative change of 10.39%. This indicates that the balance sheet and financial strength for BRANNEN BANK has had no significant changes in recent periods.

Deposit Growth

GRADE:
B+

In the past year, BRANNEN BANK has increased its total deposits by $11.31 million, resulting in 2.96% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth BRANNEN BANK has shown is above average.

Capitalization

GRADE:
C

Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. BRANNEN BANK has $424.66 million in assets with $34.03 million in equity, resulting in a capitalization level of 8.01%, which is average.

Institution Statistics

Overall
FDIC Certificate #5676
Year Established1926
Employees120
Primary RegulatorFDIC
Assets and Liabilities
Assets$424.66 million
Loans$196.64 million
Deposits$392.98 million
Equity Capital$31.42 million
Loan Loss Allowance$2.61 million
Unbacked Noncurrent Loans$6.80 million
Real Estate Owned$2.02 million
Historic Data - March 2013
Assets$422.38 million
Equity Capital$40.51 million
Loan Loss Allowance$3.09 million
Unbacked Noncurrent Loans$6.80 million
Real Estate Owned$2.70 million
Profit Margin - Quarterly
Net Interest Margin3.23%
Return on Assets0.78%
Return on Equity10.69%
Interest Income$3.29 million
Rates

Always verify rates and promotions with the bank or credit union. We are not BRANNEN BANK, we are a rate comparison website and can not provide official rates or promotions.

BRANNEN BANK Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.15%-- IRA Savings
0.10%--Regular Savings

BRANNEN BANK Money Market Rates

DetailsAPYMINMAXPRODUCT
0.10%--Money Market

BRANNEN BANK Checking Account Rates

DetailsAPYMINMAXPRODUCT
0.10%--Business Now
0.05%--Advantage Checking
0.05%--Brannen Banker Plus
0.05%--Now Account

BRANNEN BANK CD Rates

DetailsAPYMINMAXPRODUCT
0.75%--4 Year CD
0.50%--3 Year CD
0.45%--2 Year CD
0.40%--1 Year CD
0.40%--15 Month CD
0.40%--18 Month CD
0.40%--22 Month CD
0.30%--6 Month CD
0.30%--9 Month CD
0.15%--90 Day CD
0.15%--5 Month CD
0.10%$10k-1 Month CD
Locations

BRANNEN BANK has 11 locations. Click to view all BRANNEN BANK locations.