Brookhaven Bank is headquartered in Atlanta and is the 93rd largest bank in the state of Georgia. It is also the 3,453rd largest bank in the nation. It was established in 2007 and as of September of 2013, it had grown to 28 employees at 2 locations. Brookhaven Bank has a B health rating.
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.
I have been at this bank for over 5 years, without any issue. There was once an accidental double charge for a certain fee on my account, but that was resolved in 2 minutes with a simple phone call. I think that's pretty good in 5 years! Think about the last time you had an issue with your mega bank and had to resolve it...
Fees are not too generous, but not crazy either. I know I'll incur fees for overdraft, etc. so all I have to do is manage my balance correctly. I did have the great 5% interest rate on the checking account when I opened mine, but just like ANY bank out there, it dwindled to the current low rates. I don't have a problem with that as I understand that the market couldn't sustain such a high rate. I have several accounts at other online banks and have seen the same thing. This is not the bank's fault.
Never had an issue with Bill Pay and find it easy to use. If I ever have a question, I can get an ACTUAL PERSON on the line in about 2 rings. I come in maybe once a year and they always remember me! How nice to deal with people, rather than robots that have no heart.
I recommended this bank to my family, so of course I would recommend it here. I just found out though that they are merging with Georgia Commerce Bank, also with just a few locations, so I hope the small bank feel stays this way. I will never go back to a monster mega bank!
Thank you Brookhaven Bank team!
I am delighted to be a customer of Brookhaven Bank. The staff always recognize me, call me by name, and serve me efficiently and pleasantly. What a wonderful change from the Big Banks, where customers come last.
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.
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!
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 September 30, 2013 Brookhaven Bank had $3.27 million in non-current loans and owned real-estate with $23.17 million in equity and loan loss allowances on hand to cover it. This gives Brookhaven Bank a Texas Ratio of 14.11% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
The Texas Ratio for Brookhaven Bank increased slightly from 8.87% as of September 30, 2012 to 14.11% as of September 30, 2013, resulting in a negative change of 59.05%. This indicates that the balance sheet and financial strength for Brookhaven Bank has declined slightly in recent periods.
In the past year, Brookhaven Bank has decreased its total deposits by -$8.27 million, resulting in -5.62% 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.
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 $168.79 million in assets with $23.17 million in equity, resulting in a capitalization level of 13.73%, which is excellent.
|FDIC Certificate #||58456|
|Assets and Liabilities|
|Equity Capital||$20.88 million|
|Loan Loss Allowance||$2.30 million|
|Unbacked Noncurrent Loans||$2.14 million|
|Real Estate Owned||$1.13 million|
|Historic Data - September 2012|
|Equity Capital||$19.08 million|
|Loan Loss Allowance||$2.66 million|
|Unbacked Noncurrent Loans||$2.14 million|
|Real Estate Owned||$407,000|
|Profit Margin - Quarterly|
|Net Interest Margin||3.77%|
|Return on Assets||2.06%|
|Return on Equity||17.43%|
|Interest Income||$5.18 million|
Always verify rates and promotions with the bank or credit union. We are not Brookhaven Bank, we are a rate comparison website and can not provide official rates or promotions.
|0.30%||$500k||-||Business Money Market|
|0.25%||$25k||-||Personal Money Market|
|0.20%||$25k||-||Free Interest Checking|
|0.15%||$100k||-||Business Interest Checking|
|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|
|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|
|Brookhaven Bank Locations|
|Johnson Ferry Road Branch||2221 Johnson Ferry Road||Atlanta, GA 30319|
|Brookhaven Bank||2987 Clairmont Road, Ne, Suite 150||Atlanta, GA 30329|