Fannin Bank is headquartered in BONHAM and is the 302nd largest bank in the state of Texas. It is also the 3,492nd largest bank in the nation. It was established in 1925 and as of June of 2023, it had grown to 30 employees at 2 locations. Fannin Bank has a B health rating.
Spoke with Fannin Bank the other day about opening an account. They do not have any way to open an account online....They require you to go into one of their branches to open an account. Nearest branch is over 100 miles away???
I was willing to drive there until the lady told me that they were reducing their interest rate to 2.5% effective May 1st, 2020. That was the deal breaker for me...but glad she told me and saved me a trip.
BTW: Their website still shows their Kasasa Checking account pays 3.5%. It might be a good thing if they updated their website with the truth !
|FDIC Certificate #||5589|
|Return on Assets - YTD||0.62%|
|Return on Equity - YTD||19.27%|
|Annual Interest Income||$3.1MM|
|Assets and Liabilities|
|Assets||Q2 2023vs Q2 2022||$141.8MM$139.3MM|
|Loans||Q2 2023vs Q2 2022||$77.8MM$69.5MM|
|Deposits||Q2 2023vs Q2 2022||$126.1MM$129.1MM|
|Equity Capital||Q2 2023vs Q2 2022||$4.3MM$4.0MM|
|Loan Loss Allowance||Q2 2023vs Q2 2022||$1.2MM$1.2MM|
|Unbacked Noncurrent Loans||Q2 2023vs Q2 2022||$208.00K$210.00K|
|Real Estate Owned||Q2 2023vs Q2 2022||$0$0|
Rates for Fannin Bank are currently being reviewed.
|Fannin Bank Locations|
|Fannin Bank||230 E 3rd St||Bonham, TX 75418|
|Honey Grove Branch||901 E. Main||Honey Grove, TX 75446|