Franklin Savings Bank

Headquarters

197 Main Street
Farmington, ME 04938
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.03% 0.95% →
1-Year CD 0.50% 1.01% →
2-Year CD 0.40% 0.95% →
5-Year CD 0.90% 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 Savings Bank is an FDIC insured institution located in Farmington, ME. It was founded in 1868 and has approximately $0.46 billion in assets. Customers can open an account at one of its 8 branches.

FDIC Insured Yes
FDIC Certificate # 19836
Date Established 1868
Assets $ 462.51 million
Loans $ 410.63 million
Deposits $ 326.29 million
Capital $ 105.91 million
 

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

Deposit Rates - October 25, 2020

Your Current Location: Virginia, VA 20146

Savings and Money Market Rates APY MIN MAX
Savings
0.03% $2,500 $4,999 Learn More
Money Market
0.05% $2,500 $2,999 Learn More
Money Market
0.05% $10,000 $14,999 Learn More
Money Market
0.10% $25,000 $29,999 Learn More
CD Rates APY MIN MAX
6 Mo CD
0.40% $10,000 $14,999 Learn More
6 Mo CD
0.40% $100,000 $199,999 Learn More
12 Mo CD
0.50% $10,000 $14,999 Learn More
12 Mo CD
0.50% $100,000 $199,999 Learn More
18 Mo CD
0.50% $10,000 $14,999 Learn More
18 Mo CD
0.50% $100,000 $199,999 Learn More
24 Mo CD
0.40% $10,000 $14,999 Learn More
24 Mo CD
0.40% $100,000 $199,999 Learn More
36 Mo CD
0.55% $10,000 $14,999 Learn More
36 Mo CD
0.55% $100,000 $199,999 Learn More
60 Mo CD
0.90% $10,000 $14,999 Learn More
60 Mo CD
0.90% $100,000 $199,999 Learn More

Int Checking Rates APY MIN MAX
Int Ckg
0.01% $2,500 $3,499 Learn MoreShow Less

Loan Rates - October 25, 2020

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for Franklin Savings 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
1Rate, Inc
NMLS ID: 1948084
License#: MC-7051
2.567% 2.500% 0.88 $2,216 $988 Learn More
AimLoan.com
NMLS ID: 2890
License#: MC-3098
2.575% 2.500% 1.00 $2,470 $988 Learn More
Rocket Mortgage
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
Third Federal Savings and Loans
See Table
2.240 %
$0 Learn More
More Info

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

Branches

Franklin Savings 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 Savings Bank Locations


Financial Details

Franklin Savings Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Franklin Savings 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 Savings Bank U.S. Bank Average
4.1% 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 Savings Bank had $4,331,000 in non-current loans and $151,000 in owned real estate. To cover these potential losses it had $105,909,000 in equity and $3,525,000 in loans loss reserves. That gives it a Texas Ratio of 4.1%.

Return on Equity
Franklin Savings Bank U.S. Bank Average
3.53% 7.80%

Franklin Savings Bank has a Return on Equity of 3.53% 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 Savings Bank U.S. Bank Average
22.9% 12.68%

Franklin Savings Bank has a Capitalization of 22.9% 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 Savings Bank Balance Sheet Analysis

As of March 31, 2020, Franklin Savings Bank had assets of $462,509,000, loans of $410,632,000, and deposits of $326,292,000. 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 $ 16.24 million
Interest-bearing balances $ 11.06 million
Total securities $ 11.39 million
Federal funds sold and reverse repurchase $ 0.30 million
Net loans and leases $ 410.63 million
Loan loss allowance $ 3.53 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 0.15 million
Goodwill and other intangibles $ 0.08 million
All other assets $ 18.67 million
     Total Assets $ 356.60 million
LIABILITIES
Total deposits $ 326.29 million
      Interest-bearing deposits $ 236.08 million
      Deposits held in domestic offices $ 326.29 million
      % insured (estimated) 82.04%
Federal funds purchased and repurchase agreements $ 0.25 million
Trading liabilities N.A.
Other borrowed funds $ 24.70 million
Subordinated debt N.A.
All other liabilities $ 5.36 million
      Total Liabilities $ 356.60 million
      Shareholders’ Equity $ 105.91 million

Summary Income Statement

March 31, 2020
INCOME AND EXPENSES
Total Interest Income $ 5.41 million
Total Interest Expense $ 0.64 million
Net interest income $ 4.77 million
Provision for loan and lease losses $ 0.16 million
Total non interest income $ 0.79 million
Total non interest expense $ 4.21 million
Pre-tax Net Operating Income $ 1.19 million

Bank Loan Profile?

The top three loan types in Franklin Savings Bank’s loan portfolio are 1-4 Family Residential Loans, Commercial Real Estate, and Commercial and Industrial Loans.

Compared to other banks, Franklin Savings Bank’s loan portfolio does not show any specific loan specialty.

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 51.82
Multifamily
Mortgages
2.74
Credit Card Loans 0.00
Consumer Auto Loans 2.36
Small Business Loans 0.00
Construction and Development Loans 5.09
Commercial Real Estate 27.91
Commercial and Industrial Loans 9.26
Farm Loans 0.00

Frequently Asked Questions About Franklin Savings Bank

Branches and Savings

Is Franklin Savings Bank FDIC insured?

Yes. It is covered under FDIC Certificate #19836.

Why does Franklin Savings 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 Savings Bank CD rates not competitive?

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

Is Franklin Savings Bank a commercial bank?

Yes

Where are Franklin Savings Bank locations?

See branch locations nearby.

Is Franklin Savings Bank open on Saturdays?

Is Franklin Savings Bank open on Sundays?

What time does Franklin Savings Bank open?

What time does Franklin Savings Bank close?

Are Franklin Savings Bank ATMs Open 24/7?

Do Franklin Savings Bank ATMs accept cash deposits?

Can Franklin Savings Bank customers use other ATMs?

Do Franklin Savings Bank branches have notaries?

Will Franklin Savings Bank notarize my document?

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

Will the Franklin Savings Bank branch print checks?

Do Franklin Savings Bank checks expire?

Does Franklin Savings Bank require US citizenship to open account?

Can Franklin Savings Bank close my account?

Does Franklin Savings Bank Report to credit bureaus?

Does Franklin Savings Bank Use Equifax?

What is Franklin Savings Bank's ACH Routing Number?

What is Franklin Savings Bank's SWIFT code?

Products

Does Franklin Savings Bank offer mortgages?

Compare mortgage rates here.

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

Compare home equity lines of credit rates here.

Does Franklin Savings Bank offer personal loans?

Compare personal loan rates here.

Does Franklin Savings Bank offer student loans?

Will Franklin Savings Bank cash a check?

Will Franklin Savings Bank redeem a savings bond?

Does Franklin Savings Bank cash savings bonds?

Will Franklin Savings Bank cash money orders?

Can Franklin Savings Bank issue a money order?

Does Franklin Savings Bank do currency exchange?

Background on The Bank

Who owns Franklin Savings Bank?

How long has Franklin Savings Bank been around?

Can Franklin Savings Bank transfer to other banks?

Does Franklin Savings Bank have quick pay?

Does Franklin Savings Bank accept rolled coins?

Will Franklin Savings Bank accept loose change?

Where is Franklin Savings Bank headquarters?

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