Franklin Bank in Pilesgrove, New Jersey (NJ)
Overview, Financial Summary, Detailed Financial Reports, Branches

  • Franklin Bank in Pilesgrove, New Jersey (NJ)
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Franklin Bank - Overview

  • General
  • FDIC Certificate #: 30402
    Status: Active
    Federal Reserve ID: 574079
    Date Established: January 01, 1861
    Trust Powers Granted: No
    Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
    Offices: 6 (Domestic: 6, Interstate: No)
    OTS Docket #: 5286
    FDIC's unique #: 43236
    Numeric code: 38
    Regulator: OCC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    FDIC Insured: Yes
    Insured Savings Institution: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: No
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Mortgage Lending Specialization
    Date of Deposit Insurance: March 03, 1954
    Last Structure Change Effective Date: July 21, 2011
    Last Structure Change Process Date: July 21, 2011
    Last Data Update: July 21, 2011
    Data Source Date: April 05, 2012
  • Location
  • Address: 1179 Route 40, Pilesgrove, NJ 8098
    County: Salem
    Quarterly Banking Profile Region: New York
    FDIC Geographic Region: New York
    FDIC Supervisory Region: New York
    FDIC Field Office: Jamesburg
    Office of the Comptroller the Currency (OCC) District: Northeast
    Office of Thrift Supervision Region: Northeast
    Metropolitan Statistical Area (MSA): Philadelphia, PA-NJ (#6160)
    Consolidated Metropolitan Statistical Area (CMSA): Philadelphia-Wilmington-Atlantic City, PA-NJ-DE-MD (#77)
    Combined Statistical Area (CSA): Philadelphia-Camden-Vineland, PA-NJ-DE-MD (#428)
    Core Based Statistical Area (CBSA): Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (#37980)
    CBSA Metro Statistical Area: Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (#37980)
    Core Based Statistical Division: Wilmington, DE-MD-NJ (#48864)
  • History of Changes
  • Change in Primary Regulatory Agency
  • Financial Summary
  • Total assets: $259.6 mil
    Equity capital: $20.3 mil
    Deposits held in domestic offices: $208.7 mil
    Return on assets (ROA): 0.07% ($0.2 mil)
    Quarterly return on assets: 0.10% ($0.3 mil)
    Return on Equity (ROE): 0.94% ($0.2 mil)
    Quarterly return on equity: 1.28% ($0.3 mil)
    Net income: $0.2 mil
    Quarterly Net income: $0.1 mil
    Pretax return on assets: 0.07% ($181.7 mil)
    Quarterly Pretax return on assets: 0.13% ($337.5 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
  • 60Total employees (full-time equivalent)
  • $259,597Total assets
  • $21,523Cash and due from depository institutions
  • $20,653Interest-bearing balances
  • $57,880Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $168,252Net loans & leases
  • $1,443Loan loss allowance
  • $0Trading account assets
  • $6,315Bank premises and fixed assets
  • $159Other real estate owned
  • $0Goodwill and other intangibles
  • $259,597Life insurance assets
  • $5,468All other assets
  • $239,316Total liabilities and capital
  • $208,717Total liabilities
  • $200,266Total deposits
  • $208,717Interest-bearing deposits
  • $99Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $29,435Trading liabilities
  • $0Other borrowed funds
  • $1,164Subordinated debt
  • $20,281All other liabilities
  • $20,281Total equity capital
  • $20,281Total bank equity capital
  • $0Perpetual preferred stock
  • $0Common stock
  • $0Surplus
  • $20,281Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $2,746Income earned, not collected on loans
  • $0Earning assets
  • $772Long-term assets (5+ years)
  • $246,785Average Assets, year-to-date
  • $0Average Assets, quarterly
  • $256,744Volatile liabilities
  • $258,667Insider loans
  • $133,624FHLB advances
  • $259,499Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $20,183Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $10,390Restructured Loans and leases
  • $1,341Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $11,640Total interest income
  • $4,208Total interest expense
  • $7,432Net interest income
  • $361Provision for loan and lease losses
  • $966Total noninterest income
  • $0Fiduciary activities
  • $52Service charges on deposit accounts
  • $0Trading account gains & fees
  • $914Additional noninterest income
  • $7,858Total noninterest expense
  • $3,926Salaries and employee benefits
  • $1,822Premises and equipment expense
  • $2,110Additional noninterest expense
  • $179Pre-tax net operating income
  • $0Securities gains (losses)
  • -$10Applicable income taxes
  • $189Income before extraordinary items
  • $0Extraordinary gains - net
  • $189Net income attributable to bank
  • $0Net charge-offs
  • $189Cash dividends
  • $312Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.79%Yield on earning assets
  • 1.73%Cost of funding earning assets
  • 3.06%Net interest margin
  • 0.40%Noninterest income to earning assets
  • 3.24%Noninterest expense to earning assets
  • 0.07%Net operating income to assets
  • 0.07%Return on assets (ROA)
  • 0.07%Pretax return on assets
  • 0.94%Return on equity (ROE)
  • 0.94%Retained earnings to average equity (YTD only)
  • 0.18%Net charge-offs to loans
  • 115.71%Credit loss provision to net charge-offs
  • 1.73%Efficiency ratio
  • 93,570Assets per employee
  • 4.33%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 0.85%Loss allowance to noncurrent loans
  • 52.55%Noncurrent assets plus other real estate owned to assets
  • 1.12%Noncurrent loans to loans
  • 1.62%Net loans and leases to deposits
  • 80.61%Net loans and leases to core deposits
  • 82.59%Equity capital to assets
  • 7.81%Core capital (leverage) ratio
  • 7.78%Tier 1 risk-based capital ratio
  • 15.10%Total risk-based capital ratio
  • Memoranda
  • $16Average assets
  • $256,744Average earning assets
  • $20,127Average equity
  • $242,833Average loans

List of branches

  • 6 New Jersey Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    043236Franklin Bank1179 Route 40, Pilesgrove, NJ 8098January 01, 1861Full Service Brick and Mortar
    1280315260 N Broadway Branch260 N Broadway, Pennsville, NJ 8070January 01, 1861Full Service Brick and Mortar
    2280316Salem Branch137 West Broadway, Salem, NJ 8079January 01, 1861Full Service Brick and Mortar
    3280317Woolwich Branch99 Center Square Road, Woolwich Township, NJ 8085January 01, 1861Full Service Brick and Mortar
    4280318Ocean View Branch2584 North Route 9, Ocean View, NJ 8230March 01, 1990Full Service Brick and Mortar
    5280319Franklinville Branch2039 Delsea Drive, Franklinville, NJ 8322March 01, 1991Full Service Brick and Mortar

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