Fannin Bank

Overview / Commentary
230 East 3rd Street
Bonham, TX 75418

Fannin Bank is headquartered in BONHAM and is the 301st largest bank in the state of Texas. It is also the 3,484th largest bank in the nation. It was established in 1925 and as of December of 2023, it had grown to 28 employees at 2 locations. Fannin Bank's money market rates are 9X the national average, and it has a B+ health rating.

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 Grade Components

FDIC Certificate #5589
Year Established1925
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.46%
Return on Equity - YTD14.5%
Annual Interest Income$6.5MM
Assets and Liabilities
AssetsQ4 2023vs Q4 2022$144MM$137.5MM
LoansQ4 2023vs Q4 2022$79.6MM$72.2MM
DepositsQ4 2023vs Q4 2022$133.9MM$129MM
Equity CapitalQ4 2023vs Q4 2022$5.6MM$4.3MM
Loan Loss AllowanceQ4 2023vs Q4 2022$1.2MM$1.2MM
Unbacked Noncurrent LoansQ4 2023vs Q4 2022$187K$200K
Real Estate OwnedQ4 2023vs Q4 2022$0$0
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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 Money Market Rates

4.00%*$100k*-Money Market Accounts
OTHER TIERS: 0.50% Up to $25k | 1.50% $25k - $100k

Fannin Bank Checking Account Rates

4.08%*-$50kAdvantage Plus
OTHER TIERS: 1.00% $50k+

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

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