Fannin Bank


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

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.

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
Employees30
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.62%
Return on Equity - YTD19.27%
Annual Interest Income$3.1MM
Assets and Liabilities
AssetsQ2 2023vs Q2 2022$141.8MM$139.3MM
LoansQ2 2023vs Q2 2022$77.8MM$69.5MM
DepositsQ2 2023vs Q2 2022$126.1MM$129.1MM
Equity CapitalQ2 2023vs Q2 2022$4.3MM$4.0MM
Loan Loss AllowanceQ2 2023vs Q2 2022$1.2MM$1.2MM
Unbacked Noncurrent LoansQ2 2023vs Q2 2022$208.00K$210.00K
Real Estate OwnedQ2 2023vs Q2 2022$0$0
Rates

Rates for Fannin Bank are currently being reviewed.

Locations


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

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