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.
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Interest Rate Lowered To 2.5%
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 !
Data as of Q2 2020
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 5589 |
| Year Established | 1925 |
| Employees | 32 |
| Primary Regulator | FDIC |
| Profit Margin | |
|---|---|
| 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 |