Anderson Brothers Bank, Financial Information

AboutAnderson Brothers Bank

 Address:
101 North Main Street
Mullins,SC
Marion County,South Carolina
 Established:
Jan 1933
 Number of domestic offices:
25
Total assets$1,109M
Net income$16M
Net income,quarterly$5M
Total deposits$996M
Domestic deposits$996M
Equity capital$100M
ROA1.53%
ROAQ,quarterly1.81%
ROA,pretax1.81%
ROAQ,quarterly,pretax2.39%
ROE17.54%
ROEQ,quarterly21.47%
UpdatedMay 20, 2021

Terms and Definitions

  • Domestic deposits
    The sum of all domestic deposits, including demand deposits, money market deposits and time deposits.
  • Equity capital
    Total equity capital (includes preferred and common stock, surplus and undivided profits).
  • ROA
    Return on assets, net income after taxes and extraordinary items (annualized) as a percent of average total assets.
  • ROE
    Return on equity, annualized net income as a percent of average equity on a consolidated basis.

Anderson Brothers Bank had its beginning in 1933 during the Depression period. Anderson Brothers Bank had its origin in the back of the Anderson Warehouse in Mullins as a small office that was set up to finance the Mullins tobacco market. Financing meant loaning money to warehousemen so they could issue checks to farmers immediately following the sale of tobacco. Warehouse loans were paid off as tobacco companies such as Reynolds, American, Imperial, etc. paid the warehouses several days or weeks later for the tobacco they had bought. The small office at the back of the warehouse turned into a depository and eventually moved to Main Street, across from the bank's present main office in Mullins.

Today, Anderson Brothers Bank remains family-owned and operated. In 1933, Anderson Brothers Bank was opened with the idea of helping the families and businesses in the community. Today, banks commitment to customers and communities remains unwavering and strong.

101 N. Main St.
PO Box 310
Mullins, SC 29574
Phone: 843-464-6271 or 800-345-8081