Franklin National Bank of Minneapolis

Headquarters

525 Washington Avenue North
Minneapolis, MN 55401
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 National Bank of Minneapolis is an FDIC insured institution located in Minneapolis, MN. It was founded in 1961 and has approximately $0.21 billion in assets.

FDIC Insured Yes
FDIC Certificate # 18424
Date Established 1961
Assets $ 207.30 million
Loans $ 115.50 million
Deposits $ 180.20 million
Capital $ 19.81 million
 

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

Deposit Rates - October 22, 2020

Your Current Location: Connecticut, CT 06828


Loan Rates - October 22, 2020

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for Franklin National Bank of Minneapolis

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




Featured - Connecticut 30 Year Fixed Mortgage Rates 2020

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
Rocket Mortgage
NMLS ID: 3030
3.620% 3.500% 1.00 $3,750 $1,123 Learn More
AimLoan.com
NMLS ID: 2890
License#: 13256
2.570% 2.500% 0.88 $2,312 $988 Learn More

Featured - Connecticut Home Equity Line Of Credit Rates 2020

Lender APR (%)? Monthly Payment? Learn More
People's United Bank, N.A.
People's United Bank, N.A.
See Table
4.000 %
$0 Learn More
More Info
Third Federal Savings and Loans
Third Federal Savings and Loans
See Table
2.240 %
$0 Learn More
More Info

Note to Franklin National Bank of Minneapolis
To upload and update your bank's rates please register. It is free to register and add rates.

Branches

Franklin National Bank of Minneapolis 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:
Fairfield,Connecticut


Franklin National Bank of Minneapolis Locations


Financial Details

Franklin National Bank of Minneapolis Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Franklin National Bank of Minneapolis. 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 National Bank of Minneapolis U.S. Bank Average
14.68% 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 National Bank of Minneapolis had $2,229,000 in non-current loans and $878,000 in owned real estate. To cover these potential losses it had $19,813,000 in equity and $1,347,000 in loans loss reserves. That gives it a Texas Ratio of 14.68%.

Return on Equity
Franklin National Bank of Minneapolis U.S. Bank Average
0.53% 7.80%

Franklin National Bank of Minneapolis has a Return on Equity of 0.53% 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 National Bank of Minneapolis U.S. Bank Average
9.56% 12.68%

Franklin National Bank of Minneapolis has a Capitalization of 9.56% 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 National Bank of Minneapolis Balance Sheet Analysis

As of March 31, 2013, Franklin National Bank of Minneapolis had assets of $207,298,000, loans of $115,495,000, and deposits of $180,197,000. 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 $ 115.50 million
Loan loss allowance $ 1.35 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 0.88 million
Goodwill and other intangibles N.A.
All other assets N.A.
     Total Assets N.A.
LIABILITIES
Total deposits $ 180.20 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 $ 207.30 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 National Bank of Minneapolis’s loan portfolio are Commercial Real Estate, Small Business Loans, and 1-4 Family Residential Loans.

Compared to other banks in Minnesota, Franklin National Bank of Minneapolis has a significantly higher percent of Small Business Loans, Commercial Real Estate 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 13.67
Multifamily
Mortgages
3.85
Credit Card Loans 0.00
Consumer Auto Loans 0.10
Small Business Loans 27.93
Construction and Development Loans 3.69
Commercial Real Estate 65.21
Commercial and Industrial Loans 11.45
Farm Loans 0.00

Frequently Asked Questions About Franklin National Bank Of Minneapolis

Branches and Savings

Is Franklin National Bank Of Minneapolis FDIC insured?

Yes. It is covered under FDIC Certificate #18424.

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

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

Why are Franklin National Bank Of Minneapolis CD rates not competitive?

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

Is Franklin National Bank Of Minneapolis a commercial bank?

Yes

Where are Franklin National Bank Of Minneapolis locations?

See branch locations nearby.

Is Franklin National Bank Of Minneapolis open on Saturdays?

Is Franklin National Bank Of Minneapolis open on Sundays?

What time does Franklin National Bank Of Minneapolis open?

What time does Franklin National Bank Of Minneapolis close?

Are Franklin National Bank Of Minneapolis ATMs Open 24/7?

Do Franklin National Bank Of Minneapolis ATMs accept cash deposits?

Can Franklin National Bank Of Minneapolis customers use other ATMs?

Do Franklin National Bank Of Minneapolis branches have notaries?

Will Franklin National Bank Of Minneapolis notarize my document?

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

Will the Franklin National Bank Of Minneapolis branch print checks?

Do Franklin National Bank Of Minneapolis checks expire?

Does Franklin National Bank Of Minneapolis require US citizenship to open account?

Can Franklin National Bank Of Minneapolis close my account?

Does Franklin National Bank Of Minneapolis Report to credit bureaus?

Does Franklin National Bank Of Minneapolis Use Equifax?

What is Franklin National Bank Of Minneapolis's ACH Routing Number?

What is Franklin National Bank Of Minneapolis's SWIFT code?

Products

Does Franklin National Bank Of Minneapolis offer mortgages?

Compare mortgage rates here.

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

Compare home equity lines of credit rates here.

Does Franklin National Bank Of Minneapolis offer personal loans?

Compare personal loan rates here.

Does Franklin National Bank Of Minneapolis offer student loans?

Will Franklin National Bank Of Minneapolis cash a check?

Will Franklin National Bank Of Minneapolis redeem a savings bond?

Does Franklin National Bank Of Minneapolis cash savings bonds?

Will Franklin National Bank Of Minneapolis cash money orders?

Can Franklin National Bank Of Minneapolis issue a money order?

Does Franklin National Bank Of Minneapolis do currency exchange?

Background on The Bank

Who owns Franklin National Bank Of Minneapolis?

How long has Franklin National Bank Of Minneapolis been around?

Can Franklin National Bank Of Minneapolis transfer to other banks?

Does Franklin National Bank Of Minneapolis have quick pay?

Does Franklin National Bank Of Minneapolis accept rolled coins?

Will Franklin National Bank Of Minneapolis accept loose change?

Where is Franklin National Bank Of Minneapolis headquarters?

Customer Reviews for Franklin National Bank of Minneapolis

There are currently no comments for Franklin National Bank of Minneapolis. Be the first to share your experience. Please provide comments that will help others.

Add Your Review

Rate it here →