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.
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||0.83%|
|Return on Equity - YTD||9.45%|
|Annual Interest Income||$2.8MM|
|Assets and Liabilities|
|Assets||Q2 2020vs Q2 2019||$123.7MM$108.8MM|
|Loans||Q2 2020vs Q2 2019||$69.5MM$66.4MM|
|Deposits||Q2 2020vs Q2 2019||$104.7MM$90.9MM|
|Equity Capital||Q2 2020vs Q2 2019||$10.9MM$9.9MM|
|Loan Loss Allowance||Q2 2020vs Q2 2019||$1.0MM$875.00K|
|Unbacked Noncurrent Loans||Q2 2020vs Q2 2019||$1.0MM$1.1MM|
|Real Estate Owned||Q2 2020vs Q2 2019||$0$181.00K|
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.
|APY||MIN||MAX||ACCOUNT NAME||VIEW DETAILS|
|OTHER TIERS: 0.15% → $50k - $100k|
|Fannin Bank Locations|
|Fannin Bank||230 East 3rd Street||Bonham, TX 75418|
|Honey Grove Branch||901 E. Main||Honey Grove, TX 75446|