Franklin Grove Bank

Headquarters

108 Elm Street
Franklin Grove, IL 61031
See all branch locations →

Notable Rates APY Vs.Others
Savings N.A. 0.85% →
1-Year CD N.A. 0.80% →
2-Year CD N.A. 0.80% →
5-Year CD N.A. 1.15% →
30-Year Mortgage N.A. 2.72% →
15-Year Mortgage N.A. 2.36% →
HELOC N.A. 2.79% →

2021 Overview

General Bank Information

Franklin Grove Bank is an FDIC insured institution located in Franklin Grove, IL. It was founded in 1880 and has approximately $0.03 billion in assets.

FDIC Insured Yes
FDIC Certificate # 9636
Date Established 1880
Assets $ 30.47 million
Loans $ 16.22 million
Deposits $ 25.23 million
Capital $ 5.18 million
 

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

Deposit Rates - September 23, 2021

Your Current Location: California, CA 92111

 

Loan Rates - September 23, 2021

Your Current Location: California, CA 92111

There are currently no loan rates available for Franklin Grove Bank

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




Featured - California 30 Year Fixed Mortgage Rates 2021

Lender APR Rate (%) Monthly
Payment
Learn More
Morty, Inc.
NMLS ID: 1429243
2.654% 2.625%
0.38 points
$960 fees
$1,005 Learn More

Featured - California Home Equity Line Of Credit Rates 2021

Lender APR (%)? Monthly Payment? Learn More
BMO Harris Bank
BMO Harris Bank
See Table
Intro APR 1.790 %
After Intro: 4.840 %
Intro Period: 6 months
$0 Learn More
More Info
Third Federal Savings and Loan
Third Federal Savings and Loan
See Table
2.240 %
$0 Learn More
More Info

Note to Franklin Grove Bank
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Branches

Franklin Grove 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:
San Diego,California


Franklin Grove Bank Locations


Financial Details

Franklin Grove Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Franklin Grove 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 Grove Bank U.S. Bank Average
0.04% 5.29%

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, 2021, Franklin Grove Bank had $2,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $5,175,000 in equity and $147,000 in loans loss reserves. That gives it a Texas Ratio of 0.04%.

Return on Equity
Franklin Grove Bank U.S. Bank Average
4.3% 11.43%

Franklin Grove Bank has a Return on Equity of 4.3% versus the BestCashCow average of 11.43%. 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 Grove Bank U.S. Bank Average
16.99% 11.51%

Franklin Grove Bank has a Capitalization of 16.99% versus the BestCashCow average of 11.51. 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 Grove Bank Balance Sheet Analysis

As of March 31, 2015, Franklin Grove Bank had assets of $28,539,000, loans of $16,224,000, and deposits of $25,227,000. 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, 2021
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 $ 16.22 million
Loan loss allowance $ 0.15 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 $ 25.23 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 $ 30.47 million

Summary Income Statement

March 31, 2021
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 Grove Bank’s loan portfolio are Commercial Real Estate, Small Business Loans, and Farm Loans.

Compared to other banks in Illinois, Franklin Grove Bank has a significantly higher percent of Small Business Loans, Farm 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 10.53
Multifamily
Mortgages
3.74
Credit Card Loans 0.00
Consumer Auto Loans 0.94
Small Business Loans 28.41
Construction and Development Loans 0.00
Commercial Real Estate 28.41
Commercial and Industrial Loans 17.15
Farm Loans 22.25

Frequently Asked Questions About Franklin Grove Bank

Branches and Savings

Is Franklin Grove Bank FDIC insured?

Yes. It is covered under FDIC Certificate #9636.

Why does Franklin Grove 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 Grove Bank CD rates not competitive?

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

Is Franklin Grove Bank a commercial bank?

Yes

Where are Franklin Grove Bank locations?

See branch locations nearby.

Is Franklin Grove Bank open on Saturdays?

Is Franklin Grove Bank open on Sundays?

What time does Franklin Grove Bank open?

What time does Franklin Grove Bank close?

Are Franklin Grove Bank ATMs Open 24/7?

Do Franklin Grove Bank ATMs accept cash deposits?

Can Franklin Grove Bank customers use other ATMs?

Do Franklin Grove Bank branches have notaries?

Will Franklin Grove Bank notarize my document?

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

Will the Franklin Grove Bank branch print checks?

Do Franklin Grove Bank checks expire?

Does Franklin Grove Bank require US citizenship to open account?

Can Franklin Grove Bank close my account?

Does Franklin Grove Bank Report to credit bureaus?

Does Franklin Grove Bank Use Equifax?

What is Franklin Grove Bank's ACH Routing Number?

What is Franklin Grove Bank's SWIFT code?

Products

Does Franklin Grove Bank offer mortgages?

Compare mortgage rates here.

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

Compare home equity lines of credit rates here.

Does Franklin Grove Bank offer personal loans?

Compare personal loan rates here.

Does Franklin Grove Bank offer student loans?

Will Franklin Grove Bank cash a check?

Will Franklin Grove Bank redeem a savings bond?

Does Franklin Grove Bank cash savings bonds?

Will Franklin Grove Bank cash money orders?

Can Franklin Grove Bank issue a money order?

Does Franklin Grove Bank do currency exchange?

Background on The Bank

Who owns Franklin Grove Bank?

How long has Franklin Grove Bank been around?

Can Franklin Grove Bank transfer to other banks?

Does Franklin Grove Bank have quick pay?

Does Franklin Grove Bank accept rolled coins?

Will Franklin Grove Bank accept loose change?

Where is Franklin Grove Bank headquarters?

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