Franklin Bank

Headquarters

101 West Street
Franklin, IL 62638
See all branch locations →

Notable Rates APY Vs.Others
Savings N.A. 0.95% →
1-Year CD N.A. 1.01% →
2-Year CD N.A. 0.95% →
5-Year CD N.A. 1.30% →
30-Year Mortgage N.A. 2.80% →
15-Year Mortgage N.A. 2.37% →
HELOC N.A. 2.79% →

2020 Overview

General Bank Information

Franklin Bank is an FDIC insured institution located in Franklin, IL. It was founded in 1934 and has approximately $0.04 billion in assets.

FDIC Insured Yes
FDIC Certificate # 18445
Date Established 1934
Assets $ 40.17 million
Loans $ 20.73 million
Deposits $ 34.98 million
Capital $ 4.87 million
 

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

Deposit Rates - October 29, 2020

Your Current Location: Virginia, VA 20146


Loan Rates - October 29, 2020

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for Franklin Bank

Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:




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Featured - Virginia Home Equity Line Of Credit Rates 2020

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Note to Franklin Bank
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Branches

Franklin 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


Franklin Bank Locations


Financial Details

Franklin Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Franklin 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
Franklin Bank U.S. Bank Average
1.12% 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, Franklin Bank had $57,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $4,866,000 in equity and $213,000 in loans loss reserves. That gives it a Texas Ratio of 1.12%.

Return on Equity
Franklin Bank U.S. Bank Average
3.75% 7.80%

Franklin Bank has a Return on Equity of 3.75% 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
Franklin Bank U.S. Bank Average
12.11% 12.68%

Franklin Bank has a Capitalization of 12.11% 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.

Franklin Bank Balance Sheet Analysis

As of March 31, 2015, Franklin Bank had assets of $37,393,000, loans of $20,732,000, and deposits of $34,977,000. 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 N.A.
Interest-bearing balances N.A.
Total securities N.A.
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 20.73 million
Loan loss allowance $ 0.21 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned N.A.
Goodwill and other intangibles N.A.
All other assets N.A.
     Total Assets N.A.
LIABILITIES
Total deposits $ 34.98 million
      Interest-bearing deposits N.A.
      Deposits held in domestic offices N.A.
      % insured (estimated) 0.00%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds N.A.
Subordinated debt N.A.
All other liabilities N.A.
      Total Liabilities N.A.
      Shareholders’ Equity $ 40.17 million

Summary Income Statement

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

Bank Loan Profile?

The top three loan types in Franklin Bank’s loan portfolio are 1-4 Family Residential Loans, Farm Loans, and Small Business Loans.

Compared to other banks in Illinois, Franklin Bank has a significantly higher percent of 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 37.02
Multifamily
Mortgages
8.17
Credit Card Loans 0.00
Consumer Auto Loans 4.39
Small Business Loans 14.33
Construction and Development Loans 0.00
Commercial Real Estate 14.33
Commercial and Industrial Loans 7.76
Farm Loans 17.64

Frequently Asked Questions About Franklin Bank

Branches and Savings

Is Franklin Bank FDIC insured?

Yes. It is covered under FDIC Certificate #18445.

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

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

Why are Franklin Bank CD rates not competitive?

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

Is Franklin Bank a commercial bank?

Yes

Where are Franklin Bank locations?

See branch locations nearby.

Is Franklin Bank open on Saturdays?

Is Franklin Bank open on Sundays?

What time does Franklin Bank open?

What time does Franklin Bank close?

Are Franklin Bank ATMs Open 24/7?

Do Franklin Bank ATMs accept cash deposits?

Can Franklin Bank customers use other ATMs?

Do Franklin Bank branches have notaries?

Will Franklin Bank notarize my document?

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

Will the Franklin Bank branch print checks?

Do Franklin Bank checks expire?

Does Franklin Bank require US citizenship to open account?

Can Franklin Bank close my account?

Does Franklin Bank Report to credit bureaus?

Does Franklin Bank Use Equifax?

What is Franklin Bank's ACH Routing Number?

What is Franklin Bank's SWIFT code?

Products

Does Franklin Bank offer mortgages?

Compare mortgage rates here.

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

Compare home equity lines of credit rates here.

Does Franklin Bank offer personal loans?

Compare personal loan rates here.

Does Franklin Bank offer student loans?

Will Franklin Bank cash a check?

Will Franklin Bank redeem a savings bond?

Does Franklin Bank cash savings bonds?

Will Franklin Bank cash money orders?

Can Franklin Bank issue a money order?

Does Franklin Bank do currency exchange?

Background on The Bank

Who owns Franklin Bank?

How long has Franklin Bank been around?

Can Franklin Bank transfer to other banks?

Does Franklin Bank have quick pay?

Does Franklin Bank accept rolled coins?

Will Franklin Bank accept loose change?

Where is Franklin Bank headquarters?

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