Fannin Bank


Overview / Commentary
903-583-5522
230 East 3rd Street
Bonham, TX 75418

Fannin Bank is headquartered in Bonham and is the 320th largest bank in the state of Texas. It is also the 3,768th largest bank in the nation. It was established in 1925 and as of June of 2020, it had grown to 32 employees at 2 locations. Fannin Bank has an A health rating.

Related Posts

Rate Dropping 5/1/2020 - 5/1/2020

Spoke with person at the bank on April 30,2020. Must go to the bank to sign up and I was informed that effective May 1, 2020, the interest rate will drop to 2.5% !! Not worth the drive and hassle for me to open an account, change direct deposit, etc. Grrrrrrr

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Reviews (1)

Interest Rate Lowered To 2.5%

Posted by: |

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 !



Health

Health Grade Components

Overall
FDIC Certificate #5589
Year Established1925
Employees32
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.83%
Return on Equity - YTD9.45%
Annual Interest Income$2.8MM
Assets and Liabilities
AssetsQ2 2020vs Q2 2019$123.7MM$108.8MM
LoansQ2 2020vs Q2 2019$69.5MM$66.4MM
DepositsQ2 2020vs Q2 2019$104.7MM$90.9MM
Equity CapitalQ2 2020vs Q2 2019$10.9MM$9.9MM
Loan Loss AllowanceQ2 2020vs Q2 2019$1.0MM$875.00K
Unbacked Noncurrent LoansQ2 2020vs Q2 2019$1.0MM$1.1MM
Real Estate OwnedQ2 2020vs Q2 2019$0$181.00K
Rates
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Fannin Bank Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.00%*-$50kKasasa Cash
OTHER TIERS: 0.15% $50k - $100k
Locations


Fannin Bank Locations
Fannin Bank230 East 3rd StreetBonham, TX 75418
Honey Grove Branch901 E. MainHoney Grove, TX 75446

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