The Brand Banking Company (merged into Renasant Bank)
The Brand Banking Company reported total assets of $2.2 bn at Q2 2018, its last Call Report before it merged into Renasant Bank. The CET1 capital ratio at The Brand Banking Company was 11.93%, and the uninsured share of The Brand Banking Company was 35.80%. Source: FDIC Call Reports.
What sets The Brand Banking Company apart
Nothing in the latest data sets The Brand Banking Company apart from banks of its size: no ratio in the top or bottom tenth of its size group, no large rank move or year change, and no acquisition in the FDIC history since 2016. This page is kept out of search results until that changes.
How large is The Brand Banking Company?
The balance sheet of The Brand Banking Company at : assets $2.2 bn, deposits $1.8 bn, net loans $1.8 bn (loans equal to 98.64% of deposits). Securities make up 9.5% of total assets at The Brand Banking Company. Since , when The Brand Banking Company held $2.3 bn, its assets shrank 0.7%. In the year to , deposits at The Brand Banking Company fell 4.5% while its total assets fell 2.9%. At , The Brand Banking Company employed 469 full-time equivalent staff across 9 offices, about $4.8 mn of assets per employee and $200.8 mn of deposits per office.
How much funding at The Brand Banking Company is uninsured?
At The Brand Banking Company, uninsured deposits (above the FDIC limit) made up 35.80% of domestic deposits at (-1.21 pp on a year earlier). In dollars, The Brand Banking Company estimated $646.8 mn of uninsured deposits.
Key facts, Q2 2018
| Metric | Value | A year earlier | US rank |
|---|---|---|---|
| Total deposits | $1.8 bn | $1.9 bn (Q2 2017) | |
| Net loans and leases | $1.8 bn | $1.9 bn (Q2 2017) | |
| Loan-to-deposit ratio | 98.64% | 98.13% (Q2 2017) | |
| Tier 1 leverage ratio | 9.62% | 9.91% (Q2 2017) | |
| Total risk-based capital ratio | 12.77% | 12.47% (Q2 2017) | |
| Net interest margin | 4.92% | 3.89% (Q2 2017) | |
| Return on assets (ROA) | -0.36% | 0.90% (Q2 2017) | |
| Efficiency ratio | 97.49% | 74.60% (Q2 2017) | |
| Unrealized gain/loss on held-to-maturity securities | Loss of $2.1 mn | Turned from a gain into a loss | |
| Unrealized gain/loss on available-for-sale securities | Loss of $5.1 mn | Widened by $5.0 mn | |
| Noncurrent loans to total loans | 0.31% | 2.69% (Q2 2017) | |
| Net charge-offs to average loans | 0.99% | 0.13% (Q2 2017) |
US rank of The Brand Banking Company: 1 = highest unless marked 1 = lowest.
Balance sheet
The Brand Banking Company: assets, deposits and loans
- Total assets $2.2bn
- Deposits $1.8bn
- Net loans $1.8bn
Capital and securities
The CET1 ratio of The Brand Banking Company stood at 11.93% in , +0.47 pp year on year. Low and high at The Brand Banking Company since : 10.50% () to 11.93% (). Equity capital of The Brand Banking Company at : $225.3 mn, or 10.0% of total assets. The Brand Banking Company also reported a total capital ratio of 12.77% for , and a tier 1 leverage ratio of 9.62%.
On held-to-maturity securities, The Brand Banking Company carried an unrealized loss of $2.1 mn at , equal to 0.9% of equity capital. The loss turned from a gain into a loss over the year. The available-for-sale portfolio of The Brand Banking Company showed an unrealized loss of $5.1 mn at ; the loss widened by $5.0 mn over the year.
The Brand Banking Company: capital ratios
- Total capital 13%
- CET1 12%
- Tier 1 leverage 9.6%
The Brand Banking Company: unrealized securities gains and losses
- Available for sale -$5mn
- Held to maturity -$2mn
Profitability and loan quality
For the year to , The Brand Banking Company earned a return on equity of -3.67%; return on assets: -0.36%. Net interest margin at The Brand Banking Company: 4.92%, +1.03 pp in a year. The Brand Banking Company net income: -$4.3 mn, down 140.4% year on year. The efficiency ratio of The Brand Banking Company was 97.49%: about 97 cents cost per revenue dollar, against 62 cents at the median peer.
At , noncurrent loans were 0.31% of total loans at The Brand Banking Company; net charge-offs: 0.99% of average loans. Gross loans and leases at The Brand Banking Company: $1.8 bn at , against $1.9 bn at .
The Brand Banking Company: profitability
- Return on equity -3.7%
- Net interest margin 4.9%
- Return on assets -0.4%
Peer group of The Brand Banking Company
The peer group of The Brand Banking Company is the 6 banks nearest to it by total assets at : 3 larger and 3 smaller. Of the peers, 1 shares the charter type of The Brand Banking Company (state member bank) and 0 have head offices in Georgia. Against them, The Brand Banking Company shows CET1 ratio 11.93% against a peer median of 11.41%, return on equity -3.67% against a peer median of 11.50% and uninsured deposit share 35.80% against a peer median of 19.97%.
| Bank | Charter | State | Total assets | CET1 ratio | Return on equity | Uninsured share | |
|---|---|---|---|---|---|---|---|
| West Suburban Bank | State nonmember bank | IL | $2.3 bn | 14.32% | 9.44% | 15.57% | |
| Revere Bank | State nonmember bank | MD | $2.3 bn | 8.93% | 13.70% | 23.34% | |
| Guaranty Bank & Trust | National bank | TX | $2.2 bn | 12.63% | 9.32% | 36.86% | |
| The Brand Banking Company | State member bank | GA | $2.2 bn | 11.93% | -3.67% | 35.80% | |
| Peoples Security Bank and Trust Company | State nonmember bank | PA | $2.2 bn | 11.51% | 9.11% | 14.16% | |
| Independence Bank of Kentucky | State member bank | KY | $2.2 bn | 10.93% | 18.50% | 17.10% | |
| The Farmers National Bank of Canfield | National bank | OH | $2.2 bn | 11.32% | 13.57% | 22.83% | |
. FDIC Call Reports.
Last eight quarters
Two years at The Brand Banking Company, to : assets $2.4 bn to $2.2 bn, deposits $2.0 bn to $1.8 bn, equity $231.4 mn to $225.3 mn. Staff 511 to 469; offices 8 to 9.
| Metric | Q3 2016 | Q4 2016 | Q1 2017 | Q2 2017 | Q3 2017 | Q4 2017 | Q1 2018 | Q2 2018 |
|---|---|---|---|---|---|---|---|---|
| Total assets | $2.4 bn | $2.4 bn | $2.3 bn | $2.3 bn | $2.3 bn | $2.4 bn | $2.4 bn | $2.2 bn |
| Total deposits | $2.0 bn | $2.1 bn | $2.0 bn | $1.9 bn | $1.9 bn | $1.9 bn | $1.9 bn | $1.8 bn |
| Bank equity capital | $231.4 mn | $219.4 mn | $223.6 mn | $230.5 mn | $234.8 mn | $232.4 mn | $236.8 mn | $225.3 mn |
| CET1 ratio | 10.57% | 11.07% | 11.25% | 11.46% | 11.57% | 11.29% | 11.54% | 11.93% |
| Return on equity (ROE) | 8.00% | 1.52% | 7.49% | 9.37% | 9.90% | 7.08% | 11.43% | -3.67% |
| Uninsured share of domestic deposits | 34.44% | 36.60% | 37.55% | 37.01% | 39.75% | 38.96% | 36.23% | 35.80% |
| Full-time equivalent employees | 511 | 527 | 459 | 486 | 490 | 481 | 473 | 469 |
| Number of offices | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 9 |
FDIC Call Reports.
Mergers and acquisitions
The FDIC history of The Brand Banking Company, oldest first; figures before and after each event are not like for like.
- . Merged into Renasant Bank (FDIC certificate 12437).
Questions and identifiers
What were the total assets of The Brand Banking Company?
The Brand Banking Company reported $2.2 bn at in its Call Report.
Is The Brand Banking Company the same as its holding company?
No. This page covers The Brand Banking Company, FDIC certificate 878; BRAND GROUP HOLDINGS INC (as reported to the FDIC), its holding company, reports separately to the Federal Reserve.
Is The Brand Banking Company profitable?
The Brand Banking Company reported net income of -$4.3 mn for the year to ; annualized return on equity: -3.67%. So no: The Brand Banking Company made a loss over these months.
When is data for The Brand Banking Company next updated?
The Brand Banking Company no longer files Call Reports; its data ends at .
Where can I check the figures for The Brand Banking Company?
In the FDIC BankFind Suite record for certificate 878, and in the Call Reports of The Brand Banking Company (RSSD ID 701736) at the FFIEC Central Data Repository.