Anderson Brothers Bank

101 North Main Street
Mullins, SC 29574

Overview

General Bank Information

FDIC Insured Yes
FDIC Certificate # 9923
Date Established 1933
Assets $0.62 billion
Loans $0.50 billion
Deposits $0.56 billion
Capital $0.06 billion

Anderson Brothers Bank is an FDIC insured institution located in Mullins, SC. It was founded in 1933 and has approximately $0.62 billion in assets. Customers can open an account at one of its 20 branches.

For a more detailed analysis of Anderson Brothers Bank's financial condition and a description of what these numbers mean, please visit the Financial Details section.

Bank Loan Profile?

The top three loan types in Anderson Brothers Bank’s loan portfolio are Consumer Auto Loans, 1-4 Family Residential Loans, and Commercial Real Estate.

Compared to other banks in South Carolina, Anderson Brothers Bank has a significantly higher percent of Consumer Auto Loans, Construction and Development Loans on its balance sheet, potentially indicating a specialty in that lending area.

Note: Percentages may not sum to 100% due to rounding and double categorization of some loan types. All data from the FDIC. Additional information about this table.

%
Loans
%
Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 21.14
Multifamily
Mortgages
0.90
Credit Card Loans 0.00
Consumer Auto Loans 28.29
Small Business Loans 14.34
Construction and Development Loans 14.11
Commercial Real Estate 20.73
Commercial and Industrial Loans 7.33
Farm Loans 0.54

Savings Rates

Your Current Location: Virginia, VA 20146

CD Rates APY MIN MAX
3 Mo CD 10K
0.15% $10,000 $99,999 Learn MoreShow Less
3 Mo CD 100K
0.15% $100,000 - Learn MoreShow Less
6 Mo CD 10K
0.40% $10,000 $99,999 Learn MoreShow Less
6 Mo CD 100K
0.40% $100,000 - Learn MoreShow Less
Savings Rates APY MIN MAX
Savings 2.5K
0.10% $100 - Learn MoreShow Less
Variable IRA Rates APY MIN MAX
Var IRA 0K
0.35% $500 - Learn MoreShow Less
MM Rates APY MIN MAX
MM 2.5K
0.05% $2,500 $9,999 Learn MoreShow Less
MM 10K
0.10% $10,000 $49,999 Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg 0K
0.05% $500 - Learn MoreShow Less

Loan Rates

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for Anderson Brothers Bank

Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:

Featured - Virginia 30 Year Fixed Mortgage Rates 2017

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
Cornerstone Home Lending
NMLS ID: 119622
License#: MC-4673
4.000% 4.000% 0.00 $0 $1,194 Learn More
HomeDirect Mortgage
NMLS ID: 420821
3.888% 3.875% 0.13 $497 $1,176 Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2017

Lender Rate (%) Monthly Payment Learn More
Third Federal Savings & Loan Assoc. of Cleveland 3.240% $217.33 Learn More

Note to Anderson Brothers Bank
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Branches

Anderson Brothers Bank branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.

Your Location:
Ashburn,Virginia


Anderson Brothers Bank Locations

Financial Details

Anderson Brothers Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Anderson Brothers Bank. The data is provided by the FDIC. All banks listed on BestCashCow.com are FDIC-insured. No depositor has ever lost deposits that have been within the FDIC insurance limits.

Texas Ratio
Anderson Brothers Bank U.S. Bank Average
10.2% 8.45

The Texas Ratio compares the amount of loans at risk and the amount of owned real estate with the amount a bank has on hand to cover any losses. As of June 30, 2017, Anderson Brothers Bank had $6,211,000 in non-current loans and $674,000 in owned real estate. To cover these potential losses it had $58,195,000 in equity and $9,288,000 in loans loss reserves. That gives it a Texas Ratio of 10.2%. The closer the Texas Ratio is to 100% and over, the less capital and reserves a bank has to absorb its loan losses.

Return on Equity
Anderson Brothers Bank U.S. Bank Average
13.77% 8.58

Anderson Brothers Bank has a Return on Equity of 13.77% versus the BestCashCow average of 8.58. Return on equity measures how efficiently a bank is making money from its capital. A bank with a consistently high ROE can be considered well run. A bank with a consistently low ROE can be considered poorly run.

Capitalization
Anderson Brothers Bank U.S. Bank Average
9.34% 12.11

Anderson Brothers Bank has a Capitalization of 9.34% versus the BestCashCow average of 12.11. Capitalization measures how much equity capital a bank has to underpin loans and other assets on its balance sheet. The higher the capitalization number the more secure a bank is considered.

Anderson Brothers Bank Balance Sheet Analysis

As of June 30, 2017, Anderson Brothers Bank had assets of $623,236,000, loans of $501,887,000, and deposits of $559,212,000. Long-term increases in deposits shows a bank's ability to raise funds to grow its loans and assets. Loan and asset growth may rise or fall depending on a bank's strategy for growth. Sharp rises and falls in assets, deposits, and loans can be problematic, indicating a loosening of lending standards, or financial distress leading to reduced lending. A big change in these figured can also be from a bank acquisition or merger.

Frequently Asked Questions About Anderson Brothers Bank

Branches and Savings

Is Anderson Brothers Bank FDIC insured?

Yes. It is covered under FDIC Certificate #9923.

Why does Anderson Brothers Bank pay such low interest on savings accounts?

See the best online savings rates here. See the best local savings rates here.

Why are Anderson Brothers Bank CD rates not competitive?

See the best online CD rates here. See the best local CD rates here.

Is Anderson Brothers Bank a commercial bank?

Yes

Where are Anderson Brothers Bank locations?

See branch locations nearby.

Is Anderson Brothers Bank open on Saturdays?

Is Anderson Brothers Bank open on Sundays?

What time does Anderson Brothers Bank open?

What time does Anderson Brothers Bank close?

Are Anderson Brothers Bank ATMs Open 24/7?

Do Anderson Brothers Bank ATMs accept cash deposits?

Can Anderson Brothers Bank customers use other ATMs?

Do Anderson Brothers Bank branches have notaries?

Will Anderson Brothers Bank notarize my document?

What address for Anderson Brothers Bank should I put for incoming ACH transfers?

Will the Anderson Brothers Bank branch print checks?

Do Anderson Brothers Bank checks expire?

Does Anderson Brothers Bank require US citizenship to open account?

Can Anderson Brothers Bank close my account?

Does Anderson Brothers Bank Report to credit bureaus?

Does Anderson Brothers Bank Use Equifax?

What is Anderson Brothers Bank's ACH Routing Number?

What is Anderson Brothers Bank's SWIFT code?

Products

Does Anderson Brothers Bank offer mortgages?

Compare mortgage rates here.

Does Anderson Brothers Bank offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Anderson Brothers Bank offer personal loans?

Compare personal loan rates here.

Does Anderson Brothers Bank offer student loans?

Will Anderson Brothers Bank cash a check?

Will Anderson Brothers Bank redeem a savings bond?

Does Anderson Brothers Bank cash savings bonds?

Will Anderson Brothers Bank cash money orders?

Can Anderson Brothers Bank issue a money order?

Does Anderson Brothers Bank do currency exchange?

Background on The Bank

Who owns Anderson Brothers Bank?

How long has Anderson Brothers Bank been around?

Can Anderson Brothers Bank transfer to other banks?

Does Anderson Brothers Bank have quick pay?

Does Anderson Brothers Bank accept rolled coins?

Will Anderson Brothers Bank accept loose change?

Where is Anderson Brothers Bank headquarters?

Customer Reviews for Anderson Brothers Bank


  • Betty Greene

    June 02, 2016

    I have called, returned statement and mailed you letters about this issue. You kept sending statements to Joseph Nance Greene for Checking account that has no money in it and he had request you to stop sending _0_ statements. I have called, written and email telling you he no longer lives at this address and I do not know his address. As we ask him to move.

    PLEASE QUIT SENDING STATEMENTS FOR JOSEPH N GREENE TO 4101 O LD PORTMAN ROAD - Anderson, sc 29626. STOP

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