Anderson Brothers Bank

Headquarters

101 North Main Street
Mullins, SC 29574
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.15% 1.40% →
1-Year CD 0.90% 1.15% →
2-Year CD 1.11% 1.26% →
5-Year CD 1.31% 1.60% →
30-Year Mortgage N.A. 3.09% →
15-Year Mortgage N.A. 2.59% →
HELOC N.A. 2.77% →

2020 Overview

General Bank Information

Anderson Brothers Bank is an FDIC insured institution located in Mullins, SC. It was founded in 1933 and has approximately $0.88 billion in assets. Customers can open an account at one of its 22 branches.

FDIC Insured Yes
FDIC Certificate # 9923
Date Established 1933
Assets $ 876.53 million
Loans $ 711.11 million
Deposits $ 771.90 million
Capital $ 83.60 million
 

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.

Deposit Rates - July 2, 2020

Your Current Location: Connecticut, CT 06828

Savings and Money Market Rates APY MIN MAX
Savings
0.15% $100 - Learn More
Money Market
0.15% $2,500 $9,999 Learn More
Money Market
0.25% $10,000 $49,999 Learn More
CD Rates APY MIN MAX
3 Mo CD
0.25% $10,000 $99,999 Learn More
3 Mo CD
0.40% $100,000 - Learn More
6 Mo CD
0.60% $10,000 $99,999 Learn More
6 Mo CD
0.80% $100,000 - Learn More
12 Mo CD
0.70% $10,000 $99,999 Learn More
12 Mo CD
0.90% $100,000 - Learn More
18 Mo CD
0.75% $10,000 $99,999 Learn More
18 Mo CD
0.95% $100,000 - Learn More
24 Mo CD
0.80% $10,000 $99,999 Learn More
24 Mo CD
1.11% $100,000 - Learn More
30 Mo CD
0.85% $10,000 $99,999 Learn More
30 Mo CD
1.16% $100,000 - Learn More
36 Mo CD
0.90% $10,000 $99,999 Learn More
36 Mo CD
1.21% $100,000 - Learn More
48 Mo CD
0.95% $10,000 $99,999 Learn More
48 Mo CD
1.26% $100,000 - Learn More
60 Mo CD
1.00% $10,000 $99,999 Learn More
60 Mo CD
1.31% $100,000 - Learn More

Variable IRA Rates APY MIN MAX
Var IRA
0.25% $500 - Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg
0.15% $500 - Learn MoreShow Less

Loan Rates - July 2, 2020

Your Current Location: Connecticut, CT 06828

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 - Connecticut 30 Year Fixed Mortgage Rates 2020

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
AimLoan.com
NMLS ID: 2890
License#: 13256
3.039% 3.000% 0.50 $1,250 $1,055 Learn More

Featured - Connecticut Home Equity Line Of Credit Rates 2020

Lender APR (%)? Monthly Payment? Learn More
PenFed Credit Union
PenFed Credit Union
3.750 %
$0 Learn More
More Info
People's United Bank, N.A.
People's United Bank, N.A.
4.000 %
$0 Learn More
More Info

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:
Fairfield,Connecticut


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
8.22% 6.51%

The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its tangible common equity and its loan loss reserves. A lower Texas ratio indicates better coverage of problem loans. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a bank has to absorb its loan losses.

As of December 31, 2019, Anderson Brothers Bank had $7,020,000 in non-current loans and $952,000 in owned real estate. To cover these potential losses it had $83,595,000 in equity and $13,369,000 in loans loss reserves. That gives it a Texas Ratio of 8.22%.

Return on Equity
Anderson Brothers Bank U.S. Bank Average
15.93% 9.41%

Anderson Brothers Bank has a Return on Equity of 15.93% versus the BestCashCow average of 9.41%. 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
9.54% 12.82%

Anderson Brothers Bank has a Capitalization of 9.54% versus the BestCashCow average of 12.82. 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 December 31, 2019, Anderson Brothers Bank had assets of $876,534,000, loans of $711,114,000, and deposits of $771,902,000. 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.

Summary Balance Sheet

December 31, 2019
ASSETS
Cash & Balances due from depository institutions $ 78.45 million
Interest-bearing balances $ 32.71 million
Total securities $ 29.05 million
Federal funds sold and reverse repurchase $ 5.27 million
Net loans and leases $ 711.11 million
Loan loss allowance $ 13.37 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 0.95 million
Goodwill and other intangibles N.A.
All other assets $ 23.88 million
     Total Assets $ 792.94 million
LIABILITIES
Total deposits $ 771.90 million
      Interest-bearing deposits $ 523.91 million
      Deposits held in domestic offices $ 771.90 million
      % insured (estimated) 86.06%
Federal funds purchased and repurchase agreements $ 10.00 million
Trading liabilities N.A.
Other borrowed funds $ 7.00 million
Subordinated debt N.A.
All other liabilities $ 4.04 million
      Total Liabilities $ 792.94 million
      Shareholders’ Equity $ 83.60 million

Summary Income Statement

December 31, 2019
INCOME AND EXPENSES
Total Interest Income $ 62.95 million
Total Interest Expense $ 6.86 million
Net interest income $ 56.09 million
Provision for loan and lease losses $ 10.30 million
Total non interest income $ 11.88 million
Total non interest expense $ 41.49 million
Pre-tax Net Operating Income $ 16.17 million

Bank Loan Profile?

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

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 19.73
Multifamily
Mortgages
1.66
Credit Card Loans 0.00
Consumer Auto Loans 26.28
Small Business Loans 13.51
Construction and Development Loans 15.93
Commercial Real Estate 20.48
Commercial and Industrial Loans 7.58
Farm Loans 0.09

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.

Jessica Suggs | Jun 17, 2020

You can view any of Anderson Brothers Banks locations at https://www.abbank.com/about-abb/locations

Is Anderson Brothers Bank open on Saturdays?

Jessica Suggs | Jun 17, 2020

No

Is Anderson Brothers Bank open on Sundays?

Jessica Suggs | Jun 17, 2020

No

What time does Anderson Brothers Bank open?

Jessica Suggs | Jun 17, 2020

All of our 23 branches open at 8:30 AM Monday thru Friday.

What time does Anderson Brothers Bank close?

Jessica Suggs | Jun 17, 2020

You can check the hours of operation for any of the 23 branches at https://www.abbank.com/about-abb/locations

Are Anderson Brothers Bank ATMs Open 24/7?

Jessica Suggs | Jun 17, 2020

Yes

Do Anderson Brothers Bank ATMs accept cash deposits?

Jessica Suggs | Jun 17, 2020

Quick Change Self Service Coin Deposit Machines In bottles, jars and piggy banks, there is an estimated $10.5 billion in coin sitting in U.S. homes waiting to be turned into cash. Recent studies indicate that 56% of Americans build-up change rather than spend it, and the average U.S. household has $99 in spare change waiting to be turned into cash or transformed into savings. As awareness of this idle coin grows, more people are taking action to make their spare change work harder for them. These convenient coin machines are located in the following branches: Mullins (Main Street) Conway (Church Street) Hemingway North Myrtle Beach Myrtle Beach (Market Common) Summerville Longs Florence (Second Loop Rd) Dillon Loris (Main Street) ***A small fee of 4% for customers and 8% for non-customers may be charged.

Jessica Suggs | Jun 17, 2020

You can check the Services on Site for any of branches at https://www.abbank.com/about-abb/locations

Can Anderson Brothers Bank customers use other ATMs?

Jessica Suggs | Jun 17, 2020

Yes

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.

Jessica Suggs | Jun 17, 2020

Yes

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

Compare home equity lines of credit rates here.

Jessica Suggs | Jun 17, 2020

Yes we do. Stop in at any of our 23 locations nearest to you!

Does Anderson Brothers Bank offer personal loans?

Compare personal loan rates here.

Jessica Suggs | Jun 17, 2020

You can also apply for a Personal or Auto Loan from the comfort of your home on our website www.abbank.com

Does Anderson Brothers Bank offer student loans?

Jessica Suggs | Jun 17, 2020

Anderson Brothers Bank offers personal loans that could help with students expenses.

Will Anderson Brothers Bank cash a check?

Jessica Suggs | Jun 17, 2020

Yes, If you are an account holder of Anderson Brothers Bank or if a check is drawn on Anderson Brothers Bank with the available funds.

Will Anderson Brothers Bank redeem a savings bond?

Jessica Suggs | Jun 17, 2020

Yes, Anderson Brothers Bank redeems savings bonds for ABB customers.

Does Anderson Brothers Bank cash savings bonds?

Jessica Suggs | Jun 17, 2020

Yes, Anderson Brothers Bank does cash savings bonds for ABB customers.

Will Anderson Brothers Bank cash money orders?

Jessica Suggs | Jun 17, 2020

No, Anderson Brothers Bank does not cash money orders.

Can Anderson Brothers Bank issue a money order?

Jessica Suggs | Jun 17, 2020

Anderson Brothers Bank does not issue money orders.

Does Anderson Brothers Bank do currency exchange?

Jessica Suggs | Jun 17, 2020

No Anderson Brothers Bank does not do currency exchange.

Background on The Bank

Who owns Anderson Brothers Bank?

How long has Anderson Brothers Bank been around?

Jessica Suggs | Jun 17, 2020

Treating you like family since 1933!

Can Anderson Brothers Bank transfer to other banks?

Jessica Suggs | Jun 17, 2020

You can read more here on Transferring Money To and From Other Financial Institutions https://www.abbank.com/banking-online/bank-to-bank-transfer

Jessica Suggs | Jun 17, 2020

On our ABB Mobile App you are able to add another bank to your dashboard to transfer funds from one bank to another.

Does Anderson Brothers Bank have quick pay?

Does Anderson Brothers Bank accept rolled coins?

Jessica Suggs | Jun 17, 2020

Yes we do for our account holders.

Will Anderson Brothers Bank accept loose change?

Jessica Suggs | Jun 17, 2020 | User Replies 1

Most of our convenient locations are equipped with a Quick Change Machine to handle your loose change.

Jessica Suggs | Jun 17, 2020

These convenient coin machines are located in the following branches: Mullins (Main Street) Conway (Church Street) Hemingway North Myrtle Beach Myrtle Beach (Market Common) Summerville Longs Florence (Second Loop Rd) Dillon Loris (Main Street) ***A small fee of 4% for customers and 8% for non-customers may be charged.

Where is Anderson Brothers Bank headquarters?

Jessica Suggs | Jun 17, 2020

Mullins, SC

Customer Reviews for Anderson Brothers Bank


  • 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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