Bank of Franklin Reports – 68831

Bank of Franklin Financial Reports

Quater Ended: 2024-03-31

Bank of Franklin is a Commercial bank, state charter, Fed non-member, and supervised by the Federal Deposit Insurance Corporation (FDIC) located in Meadville, MS. Established on 01/12/1912, the bank is regulated by the FDIC and has 4 domestic offices. It operates in the N/A.

The bank has 49 employees and holds $229,564k in total assets. With a focus on community banking, the bank has been serving its customers since 01/12/1912.

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Bank of Franklin Institution Profile

Established Date 01/12/1912 Institution Class Commercial bank, state charter, Fed non-member, and supervised by the Federal Deposit Insurance Corporation (FDIC)
Primary Regulator FDIC Number of Domestic Offices 4
Number of Foreign Offices 0 Number of US Offices 0
Number of Employees 49 Directly owned by another bank (CERT) No
Community Bank Yes ZIP 39653
Ownership Type Not Mutual City Meadville
State Alpha code MS State and County Number 28037
Subchapter S Corporations No Trust Powers N/A
Federal Reserve ID Number 6 Federal Reserve ID Number Description ATLANTA
Office of The Comptroller District: SOUTHERN DISTRICT Office of Thrift Supervision Region West
Last Structure Change Effective Date 08/31/2022 Date of Deposit Insurance 01/01/1934
Primary Insurance Agency DIF

Institution Profile Overview

Delve into the foundational details of Bank of Franklin with our “Institution Profile” table. The 01/12/1912 marks the bank’s inception, providing historical context. Categorized as a Commercial bank, state charter, Fed non-member, and supervised by the Federal Deposit Insurance Corporation (FDIC), the bank operates under the oversight of FDIC, ensuring compliance and regulatory adherence.

4 domestic offices reflect the bank’s physical footprint, while insights into ownership type, trust powers, and regulatory affiliations contribute to understanding its operational structure. Details such as Meadville, MS, and 39653 provide geographic context. Explore these attributes to gain a holistic view of Bank of Franklin in the financial landscape.

Bank of Franklin Financials

(USD, in thousands)

Total Assets 229,564 Total Liabilities 206,186
Total Equity Capital 23,378 Total Deposits 205,359
Net Loans and Leases 156,943 Total Interest Income 3,471
Total Noninterest Income 478 Total Interest Expense 1,058
Total Noninterest Expense 1,785 Tier 1 Risk-Based Capital Ratio 0
Net Loans and Leases to Core Deposits 82 Return on Assets 2
Return on Equity 15 Efficiency Ratio 62

Financial Performance Overview

Gain a comprehensive perspective on Bank of Franklin’s financial landscape through our “Financials” table. The bank boasts total assets of $229,564k, showcasing its substantial scale and influential market presence. A nuanced breakdown reveals insights into the bank’s financial structure and stability, with total liabilities standing at $206,186k and total equity capital at $23,378k.

Delve into key operational metrics, including total deposits of $205,359k, net loans and leases at $157k, and a meticulous analysis of income and expense components. Explore vital ratios such as the Tier 1 Risk-Based Capital Ratio, standing at 0, and Return on Assets at 1.54. These metrics provide valuable insights into the bank’s risk management strategies and overall profitability.

This detailed financial overview is designed to enhance your understanding of Bank of Franklin’s performance and competitive positioning within the financial industry.

Bank of Franklin Additional Financial Information

(USD, in thousands)

Earnings Coverage of Net Loan Charge-Offs(x) 0 Net Loans and Leases to Core Deposits 82
Tier 1 Risk-Based Capital Ratio 0 Securities Gains (Losses) 0
Goodwill and Other Intangibles N/A Cost of Funding Earning Assets 2
Yield on Earning Assets 7 Total Interest Income 3,471
Applicable Income Taxes 233 Loss Allowance to Loans and Leases 1
Net Loans and Leases 156,943 Loss Allowance to Noncurrent Loans and Leases 908
Noncurrent Loans to Loans 0 Net Income Attributable to Bank and Noncontrolling Interests 867
Net Interest Income 2,413 Net Interest Margin 5
Net Operating Income to Assets 2 Noninterest Income to Average Assets 1
Total Noninterest Income 478 Noninterest Expense to Average Assets 3
Total Noninterest Expense 1,785 Net Charge-Offs to Loans and Leases 0
All Other Assets 6,810 Other Real Estate Owned 0
Other borrowed funds 0 Pre-tax Net Operating Income 1,100
Pretax Return on Assets 2 Return on Assets 2
Retained Earnings to Average Equity (YTD only) 15

Insights into Financial Metrics

Enhance your understanding of Bank of Franklin’s financial standing through our “Additional Financial Information” table. Explore key metrics such as Net Loans and Leases: $156,943k and Net Interest Income $2,413k to gain valuable insights into the bank’s core operations and revenue streams. Assess the Tier 1 Risk-Based Capital Ratio: 0 for in-depth insights into capital adequacy and risk management strategies.

Delve into the intricacies of Net Charge-Offs to Loans and Leases: -0.49 to evaluate the bank’s asset quality and risk mitigation efforts. Examine the composition of income through Total Noninterest Income:$478k and evaluate operational efficiency using metrics like Efficiency Ratio: 61.74. This nuanced financial overview empowers a comprehensive analysis of Bank of Franklin’s strategic financial position and performance in the industry.

This table provides key financial information about Bank of Franklin. Get more data about Bank of Franklin on Visbanking Report Portal.