Franklin Federal Savings Bank in Glen Allen, Virginia (VA)
Overview, Financial Summary, Detailed Financial Reports, Branches

  • Franklin Federal Savings Bank in Glen Allen, Virginia (VA)
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Franklin Federal Savings Bank - Overview

  • General
  • FDIC Certificate #: 28798
    Status: Active
    Federal Reserve ID: 514776
    Date Established: January 01, 1933
    Trust Powers Granted: No
    Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
    Offices: 8 (Domestic: 8, Interstate: No)
    OTS Docket #: 2386
    FDIC's unique #: 41632
    Numeric code: 37
    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: Commercial Lending Specialization
    Date of Deposit Insurance: October 08, 1934
    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: 4501 Cox Road, Glen Allen, VA 23060
    County: Henrico
    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
    Metropolitan Statistical Area (MSA): Richmond-Petersburg, VA (#6760)
    Core Based Statistical Area (CBSA): Richmond, VA (#40060)
    CBSA Metro Statistical Area: Richmond, VA (#40060)
  • History of Changes
  • Change in Primary Regulatory Agency
  • Financial Summary
  • Total assets: $1,012.2 mil
    Equity capital: $171.6 mil
    Deposits held in domestic offices: $633.9 mil
    Return on assets (ROA): 0.67% ($6.8 mil)
    Quarterly return on assets: 1.13% ($11.4 mil)
    Return on Equity (ROE): 4.83% ($8.3 mil)
    Quarterly return on equity: 6.76% ($11.6 mil)
    Net income: $7.0 mil
    Quarterly Net income: $2.9 mil
    Pretax return on assets: 0.93% ($9,413.2 mil)
    Quarterly Pretax return on assets: 1.62% ($16,397.2 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
  • 98Total employees (full-time equivalent)
  • $1,012,175Total assets
  • $69,866Cash and due from depository institutions
  • $60,263Interest-bearing balances
  • $409,435Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $462,719Net loans & leases
  • $11,198Loan loss allowance
  • $0Trading account assets
  • $6,206Bank premises and fixed assets
  • $8,444Other real estate owned
  • $0Goodwill and other intangibles
  • $1,012,175Life insurance assets
  • $55,505All other assets
  • $840,534Total liabilities and capital
  • $633,913Total liabilities
  • $631,202Total deposits
  • $633,913Interest-bearing deposits
  • $97Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $201,237Trading liabilities
  • $0Other borrowed funds
  • $5,384Subordinated debt
  • $171,641All other liabilities
  • $171,641Total equity capital
  • $171,641Total bank equity capital
  • $0Perpetual preferred stock
  • $10,000Common stock
  • $83,222Surplus
  • $78,419Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $37,352Income earned, not collected on loans
  • $0Earning assets
  • $4,614Long-term assets (5+ years)
  • $932,417Average Assets, year-to-date
  • $0Average Assets, quarterly
  • $1,053,921Volatile liabilities
  • $1,020,986Insider loans
  • $665,165FHLB advances
  • $1,005,431Loans and leases held for sale
  • $26,427Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $167,457Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $72,711Restructured Loans and leases
  • $351Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $46,337Total interest income
  • $19,063Total interest expense
  • $27,274Net interest income
  • $3,468Provision for loan and lease losses
  • $2,433Total noninterest income
  • $0Fiduciary activities
  • $4Service charges on deposit accounts
  • $0Trading account gains & fees
  • $2,429Additional noninterest income
  • $15,210Total noninterest expense
  • $8,572Salaries and employee benefits
  • $2,008Premises and equipment expense
  • $4,630Additional noninterest expense
  • $11,029Pre-tax net operating income
  • -$1,176Securities gains (losses)
  • $2,834Applicable income taxes
  • $7,019Income before extraordinary items
  • $0Extraordinary gains - net
  • $7,019Net income attributable to bank
  • $0Net charge-offs
  • $7,019Cash dividends
  • $3,514Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.88%Yield on earning assets
  • 2.01%Cost of funding earning assets
  • 2.88%Net interest margin
  • 0.26%Noninterest income to earning assets
  • 1.60%Noninterest expense to earning assets
  • 0.75%Net operating income to assets
  • 0.67%Return on assets (ROA)
  • 0.93%Pretax return on assets
  • 4.83%Return on equity (ROE)
  • 4.83%Retained earnings to average equity (YTD only)
  • 0.71%Net charge-offs to loans
  • 98.69%Credit loss provision to net charge-offs
  • 4.13%Efficiency ratio
  • 51,200Assets per employee
  • 10.33%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 2.36%Loss allowance to noncurrent loans
  • 29.98%Noncurrent assets plus other real estate owned to assets
  • 4.52%Noncurrent loans to loans
  • 7.88%Net loans and leases to deposits
  • 72.99%Net loans and leases to core deposits
  • 74.45%Equity capital to assets
  • 16.96%Core capital (leverage) ratio
  • 16.66%Tier 1 risk-based capital ratio
  • 25.18%Total risk-based capital ratio
  • Memoranda
  • $26Average assets
  • $1,053,921Average earning assets
  • $145,293Average equity
  • $948,577Average loans

List of branches

  • 8 Virginia Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    041632Franklin Federal Savings Bank4501 Cox Road, Glen Allen, VA 23060January 01, 1933Full Service Brick and Mortar
    1270687Brook Road Branch5011 Brook Road, Richmond, VA 23227January 01, 1933Full Service Brick and Mortar
    22706887013 Three Chopt Road Branch7013 Three Chopt Road, Richmond, VA 23226January 01, 1933Full Service Brick and Mortar
    4270690Mechanicsville Branch7336 Bell Creek Road, South, Mechanicsville, VA 23111January 01, 1933Full Service Brick and Mortar
    5270691Nine Mile Road Branch5100 Nine Mile Road, Richmond, VA 23223January 01, 1933Full Service Brick and Mortar
    6270692Stony Point Branch9000 West Huguenot Road, Richmond, VA 23235December 13, 1993Full Service Brick and Mortar
    8270694Iron Bridge Road Branch9961 Iron Bridge Road, Chesterfield, VA 23832July 14, 1997Full Service Brick and Mortar
    9518294Bellevue Branch1717 Bellevue Ave, Richmond, VA 23227June 01, 2010Full Service Brick and Mortar

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