Franklin Community Bank, National Association in Rocky Mount, Virginia (VA)
Overview, Financial Summary, Detailed Financial Reports, Branches

  • Franklin Community Bank, National Association in Rocky Mount, Virginia (VA)
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Franklin Community Bank, National Association - Overview

  • General
  • FDIC Certificate #: 57259
    Status: Active
    Federal Reserve ID: 3125137
    Bank Holding Company (Regulatory Top Holder): Mainstreet Bankshares, Inc. (RSSDID: 2856676, Location: Martinsville, VA)
    Date Established: September 16, 2002
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 3 (Domestic: 3, Interstate: No)
    FDIC's unique #: 360268
    Numeric code: 3
    Regulator: OCC
    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: No
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: September 16, 2002
    Last Structure Change Effective Date: March 31, 2006
    Last Structure Change Process Date: November 03, 2006
    Last Data Update: November 03, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: 400 Old Franklin Turnpike, Suite 100, Rocky Mount, VA 24151
    County: Franklin
    Quarterly Banking Profile Region: Atlanta
    FDIC Geographic Region: Atlanta
    FDIC Supervisory Region: Atlanta
    FDIC Field Office: Richmond
    Office of the Comptroller the Currency (OCC) District: Northeast
    Office of Thrift Supervision Region: Southeast
    Core Based Statistical Area (CBSA): Roanoke, VA (#40220)
    CBSA Metro Statistical Area: Roanoke, VA (#40220)
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $203.5 mil
    Equity capital: $21.4 mil
    Deposits held in domestic offices: $167.7 mil
    Return on assets (ROA): 0.01% ($0.0 mil)
    Quarterly return on assets: 0.62% ($1.3 mil)
    Return on Equity (ROE): 0.11% ($0.0 mil)
    Quarterly return on equity: 5.90% ($1.2 mil)
    Net income: $0.0 mil
    Quarterly Net income: $0.3 mil
    Pretax return on assets: -0.01% (-$20.4 mil)
    Quarterly Pretax return on assets: 0.90% ($1,831.9 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
  • 31Total employees (full-time equivalent)
  • $203,544Total assets
  • $19,858Cash and due from depository institutions
  • $17,091Interest-bearing balances
  • $21,200Securities
  • $10,613Federal funds sold & reverse repurchase agreements
  • $140,955Net loans & leases
  • $3,087Loan loss allowance
  • $0Trading account assets
  • $324Bank premises and fixed assets
  • $3,717Other real estate owned
  • $0Goodwill and other intangibles
  • $203,544Life insurance assets
  • $6,877All other assets
  • $182,104Total liabilities and capital
  • $167,670Total liabilities
  • $146,536Total deposits
  • $167,670Interest-bearing deposits
  • $90Deposits held in domestic offices
  • 13500.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $934Subordinated debt
  • $21,440All other liabilities
  • $21,440Total equity capital
  • $21,440Total bank equity capital
  • $0Perpetual preferred stock
  • $2,738Common stock
  • $11,764Surplus
  • $6,938Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $7,068Income earned, not collected on loans
  • $0Earning assets
  • $548Long-term assets (5+ years)
  • $189,859Average Assets, year-to-date
  • $44,633Average Assets, quarterly
  • $208,912Volatile liabilities
  • $204,713Insider loans
  • $144,454FHLB advances
  • $204,053Loans and leases held for sale
  • $3,050Unused loan commitments
  • $3,050Tier 1 (core) risk-based capital
  • $21,052Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $17,172Restructured Loans and leases
  • $14,540Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $9,460Total interest income
  • $2,532Total interest expense
  • $6,928Net interest income
  • $1,474Provision for loan and lease losses
  • -$21Total noninterest income
  • $0Fiduciary activities
  • $289Service charges on deposit accounts
  • $0Trading account gains & fees
  • -$310Additional noninterest income
  • $5,579Total noninterest expense
  • $1,791Salaries and employee benefits
  • $792Premises and equipment expense
  • $2,996Additional noninterest expense
  • -$146Pre-tax net operating income
  • $117Securities gains (losses)
  • -$53Applicable income taxes
  • $24Income before extraordinary items
  • $0Extraordinary gains - net
  • $24Net income attributable to bank
  • $0Net charge-offs
  • $24Cash dividends
  • $1,971Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.87%Yield on earning assets
  • 1.30%Cost of funding earning assets
  • 3.57%Net interest margin
  • -0.01%Noninterest income to earning assets
  • 2.87%Noninterest expense to earning assets
  • -0.02%Net operating income to assets
  • 0.01%Return on assets (ROA)
  • -0.01%Pretax return on assets
  • 0.11%Return on equity (ROE)
  • 0.11%Retained earnings to average equity (YTD only)
  • 1.29%Net charge-offs to loans
  • 74.78%Credit loss provision to net charge-offs
  • 0.67%Efficiency ratio
  • 80,773Assets per employee
  • 6.57%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 2.14%Loss allowance to noncurrent loans
  • 43.68%Noncurrent assets plus other real estate owned to assets
  • 5.30%Noncurrent loans to loans
  • 4.91%Net loans and leases to deposits
  • 84.07%Net loans and leases to core deposits
  • 93.87%Equity capital to assets
  • 10.53%Core capital (leverage) ratio
  • 10.32%Tier 1 risk-based capital ratio
  • 14.57%Total risk-based capital ratio
  • Memoranda
  • $16Average assets
  • $208,912Average earning assets
  • $21,136Average equity
  • $194,124Average loans

List of branches

  • 3 Virginia Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    0360268Franklin Community Bank, National Association400 Old Franklin Turnpike, Suite 100, Rocky Mount, VA 24151September 16, 2002Full Service Brick and Mortar
    1430019Westlake Branch12930 Booker T. Washington Highway, Hardy, VA 24101April 09, 2004Full Service Brick and Mortar
    3468030Southlake Office Branch25 Southlake Drive, Union Hall, VA 24176August 15, 2007Full Service Brick and Mortar

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