Average User Rating:
1 star rating based on 3 reviews.

Brookhaven Bank

2987 Clairmont Road, Ne, Suite 150
Atlanta, GA 30329
404-633-2113
www.brookhavenbank.com

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Brookhaven Bank is headquartered in Atlanta and is the 99^th largest bank in the state of Georgia. It is also the 3,577^th largest bank in the nation. It was established in 2007 and as of March of 2013, it had grown to 28 employees at 2 locations. Brookhaven Bank has a 5-star health rating.

Brookhaven Bank Routing Number: 061020977

RCA Rate Cap Change (Forum) - 1/8/2011

Brookhaven Bank in Atlanta, Georgia, has lowered the cap for the highest APY in its Elite Checking RCA to $15,000 from $50,000, according to its web site as of 1-3-11. APYs remain the same: 1.50% for amounts up to $15,000 and .50% for amounts above $15,00

Rewards Checking Rate Change (Forum) - 11/18/2010

Brookhaven Bank in Atlanta, Georgia, has changed the rate on its Elite Checking rewards checking account to 1.50% APY for amounts up to $50,000 and 0.50% APY for amounts above $50,000. This change is noted on the bank web site as of November 1, 2010.

High-Yield Reward Checking Account at Brookhaven Bank in Georgia - 3/6/2009

Update 1/10/10: The top rate has fallen to 3.00% APY.Brookhaven Bank is offering a reward checking account called Elite.Checking. It pays 3.00% APY on balances up to $50,000 (1.00% for above) and refunds ATM fees nationwide if the following monthly...

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See Rates for: Checking | Savings | Money Market | CD | IRA

Brookhaven Bank Checking Account Rates

Apy	Min	Max	Product
0.30%	-	$15k	Elite Checking
0.25%	-	-	IOLTA
0.20%	$25k	-	Free Interest Checking
0.20%	$25k	-	Rewards Checking
0.15%	$100k	-	Business Interest Checking
0.10%	-	-	Sweep/Repo Account

Brookhaven Bank Savings Account Rates

	Apy	Min	Max	Product
	0.25%	$25	-	Personal Savings

Brookhaven Bank Money Market Rates

Apy	Min	Max	Product
0.30%	$500k	-	Business Money Market
0.25%	$25k	-	Personal Money Market

Brookhaven Bank CD Rates

Apy	Min	Max	Product
1.25%	$500	-	60 Month CD
1.00%	$500	-	48 Month CD
0.95%	$500	-	36 Month CD
0.75%	$500	-	24 Month CD
0.60%	$500	-	18 Month CD
0.50%	$500	-	12 Month CD
0.40%	$500	-	9 Month CD
0.30%	$500	-	6 Month CD
0.20%	$500	-	3 Month CD

Brookhaven Bank IRA Rates

Apy	Min	Max	Product
1.25%	$500	-	60 Month IRA
1.00%	$500	-	48 Month IRA
0.95%	$500	-	36 Month IRA
0.75%	$500	-	24 Month IRA
0.60%	$500	-	18 Month IRA
0.50%	$500	-	12 Month IRA
0.40%	$500	-	9 Month IRA
0.30%	$500	-	6 Month IRA
0.20%	$500	-	3 Month IRA

Rates updated: 6/13/2013

Data for Q1 2013

Institution Statistics

Brookhaven Bank
FDIC Certificate #	58456
BankRate Report	View
Year Established	2007
Employees	28
Primary Regulator	FDIC
Assets and Liabilities
Assets	$164.89 million
Loans	$108.91 million
Deposits	$134.42 million
Equity Capital	$19.73 million
Loan Loss Allowance	$2.27 million
Unbacked Noncurrent Loans	$407,000
Real Estate Owned	$1.25 million
Historic Data - March 2012
Assets	$163.72 million
Equity Capital	$18.11 million
Loan Loss Allowance	$2.44 million
Unbacked Noncurrent Loans	$1.70 million
Real Estate Owned	$343,000
Profit Margin - Quarterly
Net Interest Margin	3.71%
Return on Assets	0.72%
Return on Equity	6.16%
Interest Income	$1.68 million

Institution Health

Overall Score:

5 out of 5

Texas Ratio
The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of March 31, 2013 Brookhaven Bank had $1.66 million in non-current loans and owned real-estate with $21.99 million in equity and loan loss allowances on hand to cover it. This gives Brookhaven Bank a Texas Ratio of 7.53% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend
The Texas Ratio for Brookhaven Bank decreased slightly from 9.95% as of March 31, 2012 to 7.53% as of March 31, 2013, resulting in a positive change of 24.39%.This indicates that the balance sheet and financial strength for Brookhaven Bank has improved slightly in recent periods.
Deposit Growth
In the past year, Brookhaven Bank has decreased its total deposits by -$2.03 million, resulting in -1.49% 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 Brookhaven Bank has shown is below average.
Capitalization
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. Brookhaven Bank has $164.89 million in assets with $21.99 million in equity, resulting in a capitalization level of 13.34%, which is excellent.

Brookhaven Bank Sucks
1 stars

- thomasso - Tuesday, April 12, 2011 - 1:51 PM

Brookhaven Bank is a bad and uncaring neighbor placing a value on their expenses over that of public safety. See the site brookhavenbanksucks to understand more of the story about how they are leaving property they own, in the vibrant area of Brookhaven Hills unsecured and falling down after two fires have partially damaged them.

AWFUL Costomer Service - STAY AWAY
1 stars

- Anonymous - Wednesday, November 2, 2011 - 12:31 PM

This bank is a wolf in sheep's clothing. They promote the same policies as the big banks, but try to cover it up with the "small bank" feel. Do not be fooled. They do not care about customers unless they maintain huge accounts. Give your money to someone else.

Not Very Rewarding!
1 stars

- Anonymous - Saturday, January 15, 2011 - 8:56 PM

This bank's "E-lite" interest checking went from 4% up to 50k, down to 1.5% to 15k in less than two years! Terrible!

Brookhaven Bank

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