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:
Featured - Virginia 30 Year Fixed Mortgage Rates 2020
| Lender | APR | Rate (%) | Points | Fees | Monthly Payment |
Learn More |
|---|---|---|---|---|---|---|
NMLS ID: 3030 |
3.746% | 3.625% | 1.00 | $3,750 | $1,141 | Learn More |
NMLS ID: 2890 License#: MC-3098 |
2.664% | 2.625% | 0.50 | $1,285 | $1,005 | Learn More |
NMLS ID: 1948084 License#: MC-7051 |
2.444% | 2.375% | 0.88 | $2,304 | $972 | Learn More |
|
NMLS ID: 3030 |
3.746% | 3.625% | 1.00 | $3,750 | $1,141 | Learn More |
Featured - Virginia Home Equity Line Of Credit Rates 2020
| Lender | APR (%)? | Monthly Payment? | Learn More |
|---|---|---|---|
Third Federal Savings and Loans See Table |
2.240 %
|
$0 |
Learn More
More Info |
Bethpage Federal Credit Union See Table |
Intro APR 2.990 % After Intro: 3.500 % Intro Period: 12 months |
$25,000 |
Learn More
More Info |
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
Is Franklin Bank open on Saturdays?
Is Franklin Bank open on Sundays?
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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?
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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?
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Products
Does Franklin Bank offer home equity lines of credit and home equity loans?
Compare home equity lines of credit rates here.
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