Anderson Brothers Bank


101 North Main Street
Mullins, SC 29574
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Notable Rates APY Vs.Others
Savings N.A. 3.05% →
1-Year CD N.A. 3.70% →
2-Year CD N.A. 3.80% →
5-Year CD N.A. 4.25% →
30-Year Mortgage N.A. 6.31% →
15-Year Mortgage N.A. 5.86% →
HELOC N.A. 2.79% →

2022 Overview

General Bank Information

Anderson Brothers Bank is an FDIC insured institution located in Mullins, SC. It was founded in 1933 and has approximately $1.52 billion in assets. Customers can open an account at one of its 22 branches.

FDIC Insured Yes
FDIC Certificate # 9923
Date Established 1933
Assets $ 1,518.73 million
Loans $ 1,041.62 million
Deposits $ 1,384.54 million
Capital $ 125.97 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 - September 30, 2022

Your Current Location: Connecticut, CT 06828


Loan Rates - September 30, 2022

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 2022

Lender APR Rate (%) Monthly
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NMLS ID: 2890
License#: 13256
6.477% 6.375%
0.63 points
$2,678 fees
$1,560 Learn More
Northpointe Bank
NMLS ID: 447490
6.440% 6.375%
0.63 points
$1,700 fees
$1,560 Learn More
Morty, Inc.
NMLS ID: 1429243
6.298% 6.250%
0.50 points
$1,272 fees
$1,540 Learn More
AmeriSave Mortgage Corporation
NMLS ID: 1168

Learn More

Featured - Connecticut Home Equity Line Of Credit Rates 2022

Lender APR (%)? Monthly Payment? Learn More

Note to Anderson Brothers Bank
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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 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
3.75% 4.01%

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 March 31, 2022, Anderson Brothers Bank had $3,913,000 in non-current loans and $1,473,000 in owned real estate. To cover these potential losses it had $125,968,000 in equity and $17,760,000 in loans loss reserves. That gives it a Texas Ratio of 3.75%.

Return on Equity
Anderson Brothers Bank U.S. Bank Average
22.55% 9.01%

Anderson Brothers Bank has a Return on Equity of 22.55% versus the BestCashCow average of 9.01%. 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.

Anderson Brothers Bank U.S. Bank Average
8.29% 10.66%

Anderson Brothers Bank has a Capitalization of 8.29% versus the BestCashCow average of 10.66. 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 March 31, 2022, Anderson Brothers Bank had assets of $1,518,734,000, loans of $1,041,615,000, and deposits of $1,384,541,000. 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

March 31, 2022
Cash & Balances due from depository institutions $ 262.49 million
Interest-bearing balances $ 235.18 million
Total securities $ 149.74 million
Federal funds sold and reverse repurchase $ 0.00 million
Net loans and leases $ 1,041.62 million
Loan loss allowance $ 17.76 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 1.47 million
Goodwill and other intangibles N.A.
All other assets $ 30.55 million
     Total Assets $ 1,392.77 million
Total deposits $ 1,384.54 million
      Interest-bearing deposits $ 902.65 million
      Deposits held in domestic offices $ 1,384.54 million
      % insured (estimated) 91.74%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds N.A.
Subordinated debt N.A.
All other liabilities $ 8.23 million
      Total Liabilities $ 1,392.77 million
      Shareholders’ Equity $ 125.97 million

Summary Income Statement

March 31, 2022
Total Interest Income $ 21.67 million
Total Interest Expense $ 0.60 million
Net interest income $ 21.06 million
Provision for loan and lease losses $ 2.00 million
Total non interest income $ 4.53 million
Total non interest expense $ 14.33 million
Pre-tax Net Operating Income $ 9.27 million

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, Small Business 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.

Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 19.69
Credit Card Loans 0.00
Consumer Auto Loans 27.40
Small Business Loans 11.02
Construction and Development Loans 18.01
Commercial Real Estate 18.23
Commercial and Industrial Loans 8.02
Farm Loans 0.05

Customer Reviews for Anderson Brothers Bank

  • February 18, 2021

    I have had my car loan through Anderson Brothers for 8 months now. I have been paying on time, but I pulled my annual credit report and notice they haven't been reporting. Im very upset about this. I need answers.

  • February 1, 2021

    This bank resembles a loan shark. They do not work with folks who have had troubles and try to make things right. No matter how hard to try to resolve an issue in a forthright manner they refuse and want to profit by making you suffer. Have never had an experience like this with any bank.

  • June 2, 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.


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