Brighton Bank

Headquarters

7663 Highway 51 South
Brighton, TN 38011
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.50% 1.05% →
1-Year CD 0.95% 1.05% →
2-Year CD 1.21% 1.11% →
5-Year CD 1.51% 1.56% →
30-Year Mortgage N.A. 3.09% →
15-Year Mortgage N.A. 2.59% →
HELOC N.A. 2.77% →

2020 Overview

General Bank Information

Brighton Bank is an FDIC insured institution located in Brighton, TN. It was founded in 1910 and has approximately $0.04 billion in assets. Customers can open an account at one of its 3 branches.

FDIC Insured Yes
FDIC Certificate # 9189
Date Established 1910
Assets $ 41.80 million
Loans $ 29.08 million
Deposits $ 34.88 million
Capital $ 2.73 million
 

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

Deposit Rates - August 10, 2020

Your Current Location: Virginia, VA 20146

Savings and Money Market Rates APY MIN MAX
Savings
0.50% $2,500 $4,999 Learn More
Money Market
0.20% $2,500 $2,999 Learn More
Money Market
0.25% $10,000 $14,999 Learn More
Money Market
0.25% $25,000 $29,999 Learn More
CD Rates APY MIN MAX
6 Mo CD
0.85% $10,000 $14,999 Learn More
6 Mo CD
0.85% $100,000 $199,999 Learn More
12 Mo CD
0.95% $10,000 $14,999 Learn More
12 Mo CD
0.95% $100,000 $199,999 Learn More
24 Mo CD
1.21% $10,000 $14,999 Learn More
24 Mo CD
1.21% $100,000 $199,999 Learn More
36 Mo CD
1.31% $10,000 $14,999 Learn More
36 Mo CD
1.31% $100,000 $199,999 Learn More
60 Mo CD
1.51% $10,000 $14,999 Learn More
60 Mo CD
1.51% $100,000 $199,999 Learn More

Int Checking Rates APY MIN MAX
Int Ckg
0.50% $2,500 $3,499 Learn MoreShow Less

Loan Rates - August 10, 2020

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for Brighton 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 2020

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
AimLoan.com
NMLS ID: 2890
License#: MC-3098
2.914% 2.875% 0.50 $1,250 $1,038 Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2020

Lender APR (%)? Monthly Payment? Learn More
Third Federal Savings and Loans
Third Federal Savings and Loans
2.990 %
$0 Learn More
More Info
PenFed Credit Union
PenFed Credit Union
3.750 %
$0 Learn More
More Info

Note to Brighton Bank
To upload and update your bank's rates please register. It is free to register and add rates.

Branches

Brighton 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


Brighton Bank Locations


Financial Details

Brighton Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Brighton 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
Brighton Bank U.S. Bank Average
48.06% 6.94%

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, 2020, Brighton Bank had $1,132,000 in non-current loans and $404,000 in owned real estate. To cover these potential losses it had $2,730,000 in equity and $466,000 in loans loss reserves. That gives it a Texas Ratio of 48.06%.

Return on Equity
Brighton Bank U.S. Bank Average
-6.61% 7.80%

Brighton Bank has a Return on Equity of -6.61% versus the BestCashCow average of 7.80%. 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
Brighton Bank U.S. Bank Average
6.53% 12.68%

Brighton Bank has a Capitalization of 6.53% versus the BestCashCow average of 12.68. 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.

Brighton Bank Balance Sheet Analysis

As of March 31, 2020, Brighton Bank had assets of $41,798,000, loans of $29,084,000, and deposits of $34,877,000. 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, 2020
ASSETS
Cash & Balances due from depository institutions $ 4.79 million
Interest-bearing balances $ 3.93 million
Total securities $ 5.84 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 29.08 million
Loan loss allowance $ 0.47 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 0.40 million
Goodwill and other intangibles N.A.
All other assets $ 0.73 million
     Total Assets $ 39.07 million
LIABILITIES
Total deposits $ 34.88 million
      Interest-bearing deposits $ 26.80 million
      Deposits held in domestic offices $ 34.88 million
      % insured (estimated) 86.49%
Federal funds purchased and repurchase agreements $ 1.00 million
Trading liabilities N.A.
Other borrowed funds $ 3.00 million
Subordinated debt N.A.
All other liabilities $ 0.19 million
      Total Liabilities $ 39.07 million
      Shareholders’ Equity $ 2.73 million

Summary Income Statement

March 31, 2020
INCOME AND EXPENSES
Total Interest Income $ 0.52 million
Total Interest Expense $ 0.07 million
Net interest income $ 0.45 million
Provision for loan and lease losses N.A.
Total non interest income $ 0.22 million
Total non interest expense $ 0.72 million
Pre-tax Net Operating Income N.A.

Bank Loan Profile?

The top three loan types in Brighton Bank’s loan portfolio are 1-4 Family Residential Loans, Commercial Real Estate, and Small Business Loans.

Compared to other banks in Tennessee, Brighton Bank has a significantly higher percent of 1-4 Family Residential Loans, Small Business 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 52.51
Multifamily
Mortgages
1.52
Credit Card Loans 0.00
Consumer Auto Loans 0.55
Small Business Loans 26.76
Construction and Development Loans 3.89
Commercial Real Estate 26.76
Commercial and Industrial Loans 13.79
Farm Loans 0.66

Frequently Asked Questions About Brighton Bank

Branches and Savings

Is Brighton Bank FDIC insured?

Yes. It is covered under FDIC Certificate #9189.

Why does Brighton Bank pay such low interest on savings accounts?

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

Why are Brighton Bank CD rates not competitive?

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

Is Brighton Bank a commercial bank?

Yes

Where are Brighton Bank locations?

See branch locations nearby.

Is Brighton Bank open on Saturdays?

Is Brighton Bank open on Sundays?

What time does Brighton Bank open?

What time does Brighton Bank close?

Are Brighton Bank ATMs Open 24/7?

Do Brighton Bank ATMs accept cash deposits?

Can Brighton Bank customers use other ATMs?

Do Brighton Bank branches have notaries?

Will Brighton Bank notarize my document?

What address for Brighton Bank should I put for incoming ACH transfers?

Will the Brighton Bank branch print checks?

Do Brighton Bank checks expire?

Does Brighton Bank require US citizenship to open account?

Can Brighton Bank close my account?

Does Brighton Bank Report to credit bureaus?

Does Brighton Bank Use Equifax?

What is Brighton Bank's ACH Routing Number?

What is Brighton Bank's SWIFT code?

Products

Does Brighton Bank offer mortgages?

Compare mortgage rates here.

Does Brighton Bank offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Brighton Bank offer personal loans?

Compare personal loan rates here.

Does Brighton Bank offer student loans?

Will Brighton Bank cash a check?

Will Brighton Bank redeem a savings bond?

Does Brighton Bank cash savings bonds?

Will Brighton Bank cash money orders?

Can Brighton Bank issue a money order?

Does Brighton Bank do currency exchange?

Background on The Bank

Who owns Brighton Bank?

How long has Brighton Bank been around?

Can Brighton Bank transfer to other banks?

Does Brighton Bank have quick pay?

Does Brighton Bank accept rolled coins?

Will Brighton Bank accept loose change?

Where is Brighton Bank headquarters?

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