Bank of Franklin in Meadville, Mississippi (MS)
Overview, Financial Summary, Detailed Financial Reports, Branches

Bank of Franklin - Overview

  • General
  • FDIC 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
    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
  • Location
  • Address: 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 Changes
  • Change in Location
  • Financial Summary
  • Total 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
  • 42Total employees (full-time equivalent)
  • $98,945Total assets
  • $8,153Cash and due from depository institutions
  • $3,205Interest-bearing balances
  • $27,174Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $56,829Net loans & leases
  • $1,555Loan loss allowance
  • $0Trading account assets
  • $4,644Bank premises and fixed assets
  • $489Other real estate owned
  • $0Goodwill and other intangibles
  • $98,945Life insurance assets
  • $1,656All other assets
  • $90,404Total liabilities and capital
  • $90,157Total liabilities
  • $73,716Total deposits
  • $90,157Interest-bearing deposits
  • $90Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $247Subordinated debt
  • $8,541All other liabilities
  • $8,541Total equity capital
  • $8,541Total bank equity capital
  • $0Perpetual preferred stock
  • $600Common stock
  • $9,590Surplus
  • $-1,649Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $1,290Income earned, not collected on loans
  • $0Earning assets
  • $456Long-term assets (5+ years)
  • $87,208Average Assets, year-to-date
  • $13,953Average Assets, quarterly
  • $98,407Volatile liabilities
  • $98,842Insider loans
  • $73,114FHLB advances
  • $101,607Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $9,040Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $5,907Restructured Loans and leases
  • $1,749Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $4,629Total interest income
  • $813Total interest expense
  • $3,816Net interest income
  • $100Provision for loan and lease losses
  • $1,030Total noninterest income
  • $0Fiduciary activities
  • $709Service charges on deposit accounts
  • $0Trading account gains & fees
  • $321Additional noninterest income
  • $3,985Total noninterest expense
  • $2,045Salaries and employee benefits
  • $669Premises and equipment expense
  • $1,271Additional noninterest expense
  • $761Pre-tax net operating income
  • -$736Securities gains (losses)
  • -$34Applicable income taxes
  • $59Income before extraordinary items
  • $0Extraordinary gains - net
  • $59Net income attributable to bank
  • $0Net charge-offs
  • $59Cash dividends
  • $216Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.28%Yield on earning assets
  • 0.93%Cost of funding earning assets
  • 4.35%Net interest margin
  • 1.18%Noninterest income to earning assets
  • 4.55%Noninterest expense to earning assets
  • 0.81%Net operating income to assets
  • 0.06%Return on assets (ROA)
  • 0.03%Pretax return on assets
  • 0.70%Return on equity (ROE)
  • 0.70%Retained earnings to average equity (YTD only)
  • 0.38%Net charge-offs to loans
  • 46.30%Credit loss provision to net charge-offs
  • 3.99%Efficiency ratio
  • 82,233Assets per employee
  • 2.36%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 2.66%Loss allowance to noncurrent loans
  • 120.54%Noncurrent assets plus other real estate owned to assets
  • 3.00%Noncurrent loans to loans
  • 2.21%Net loans and leases to deposits
  • 63.03%Net loans and leases to core deposits
  • 64.88%Equity capital to assets
  • 8.63%Core capital (leverage) ratio
  • 8.90%Tier 1 risk-based capital ratio
  • 12.36%Total risk-based capital ratio
  • Memoranda
  • $14Average assets
  • $98,407Average earning assets
  • $8,373Average equity
  • $87,656Average loans

List of branches

  • 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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