Bank of Franklin in Meadville, Mississippi (MS)



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Bank of Franklin
GeneralFDIC Certificate #: 10594
Status: Active
Federal Reserve ID: 68831
Bank Holding Company (Regulatory Top Holder): Franklin Bancshares, Inc. (RSSDID: 3674215, Location: Meadville, MS)
Date Established: January 12, 1912
WWW: http://www.bankoffranklin.com
Trust Powers Granted: Yes
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 4 (Domestic: 4, Interstate: No)
FDIC's unique #: 6790
Numeric code: 21
Regulator: FDIC
Insurance Fund Membership: Deposit Insurance Fund (DIF)
Insured commercial Banks: Yes
FDIC Insured: Yes
Deposit Insurance Fund member: Yes
Ownership Type: Non-Stock
FFIEC Call Report 31 Filer: No
State Chartered: Yes
Subchapter S Corporations: No
Asset Concentration Hierarchy: Commercial Lending Specialization
Date of Deposit Insurance: January 01, 1934
Last Structure Change Effective Date: November 08, 2007
Last Structure Change Process Date: November 14, 2007
Last Data Update: November 14, 2007
Data Source Date: April 05, 2012
LocationAddress: 9 Main Street, Meadville, MS 39653
County: Franklin
Quarterly Banking Profile Region: Dallas
FDIC Geographic Region: Dallas
FDIC Supervisory Region: Dallas
FDIC Field Office: Jackson Ms
Office of the Comptroller the Currency (OCC) District: Southwest
Office of Thrift Supervision Region: West
History of ChangesChange in Location
Financial SummaryTotal assets: $98.9 mil
Equity capital: $8.5 mil
Deposits held in domestic offices: $90.2 mil
Return on assets (ROA): 0.06% ($0.1 mil)
Quarterly return on assets: 0.76% ($0.8 mil)
Return on Equity (ROE): 0.70% ($0.1 mil)
Quarterly return on equity: 8.95% ($0.8 mil)
Net income: $0.1 mil
Quarterly Net income: $0.2 mil
Pretax return on assets: 0.03% ($29.7 mil)
Quarterly Pretax return on assets: 1.05% ($1,038.9 mil)

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

2000 - 2011 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Historical total employees (full-time equivalent)

Assets and Liabilities (December 31, 2011)
(Dollar figures in thousands)
Total employees (full-time equivalent)42
Total assets$98,945
Cash and due from depository institutions$8,153
Interest-bearing balances$3,205
Securities$27,174
Federal funds sold & reverse repurchase agreements$0
Net loans & leases$56,829
Loan loss allowance $1,555
Trading account assets$0
Bank premises and fixed assets$4,644
Other real estate owned$489
Goodwill and other intangibles$0
All other assets$1,656
Life insurance assets$98,945
Total liabilities and capital$90,404
Total liabilities$90,157
Total deposits$73,716
Interest-bearing deposits$90,157
Deposits held in domestic offices$90
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$0
Other borrowed funds $0
Subordinated debt $247
All other liabilities $8,541
Total equity capital$8,541
Total bank equity capital$8,541
Perpetual preferred stock$0
Common stock$600
Surplus$9,590
Undivided profits $-1,649
Memoranda
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $0
Income earned, not collected on loans $1,290
Earning assets $0
Long-term assets (5+ years) $456
Average Assets, year-to-date $87,208
Average Assets, quarterly $13,953
Volatile liabilities $98,407
Insider loans $98,842
FHLB advances $73,114
Loans and leases held for sale $101,607
Unused loan commitments $0
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $9,040
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $5,907
Derivatives$1,749
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $4,629
Total interest expense $813
Net interest income $3,816
Provision for loan and lease losses $100
Total noninterest income $1,030
Fiduciary activities $0
Service charges on deposit accounts $709
Trading account gains & fees $0
Additional noninterest income $321
Total noninterest expense $3,985
Salaries and employee benefits $2,045
Premises and equipment expense $669
Additional noninterest expense $1,271
Pre-tax net operating income $761
Securities gains (losses) -$736
Applicable income taxes -$34
Income before extraordinary items $59
Extraordinary gains - net $0
Net income attributable to bank $59
Net charge-offs $0
Cash dividends $59
Sale, conversion, retirement of capital stock, net $216
Net operating income $0
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets5.28%
Cost of funding earning assets 0.93%
Net interest margin 4.35%
Noninterest income to earning assets 1.18%
Noninterest expense to earning assets 4.55%
Net operating income to assets 0.81%
Return on assets (ROA) 0.06%
Pretax return on assets 0.03%
Return on equity (ROE) 0.70%
Retained earnings to average equity (YTD only) 0.70%
Net charge-offs to loans 0.38%
Credit loss provision to net charge-offs 46.30%
Efficiency ratio3.99%
Assets per employee$82,233
Cash dividends to net income (YTD only)2.36%
Condition Ratios (%)
Loss allowance to loans 0.00%
Loss allowance to noncurrent loans 2.66%
Noncurrent assets plus other real estate owned to assets 120.54%
Noncurrent loans to loans 3.00%
Net loans and leases to deposits2.21%
Net loans and leases to core deposits 63.03%
Equity capital to assets 64.88%
Core capital (leverage) ratio 8.63%
Tier 1 risk-based capital ratio 8.90%
Total risk-based capital ratio 12.36%
Memoranda
Average assets$14
Average earning assets$98,407
Average equity $8,373
Average loans $87,656
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4 Mississippi Branches as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
06790Bank Of Franklin9 Main Street, Meadville, MS 39653January 12, 1912Full Service Brick and Mortar
1222773Bude Branch120 Main Street, Bude, MS 39630April 05, 1965Full Service Brick and Mortar
3222775Walnut Street Drive-Up Branch210 Walnut Street, Meadville, MS 39653January 20, 1994Limited Service Facility
4474216Brookhaven Branch721 Brookway Boulevard, Brookhaven, MS 39601April 07, 2008Full Service Brick and Mortar
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