Franklin Savings Bank in Farmington, Maine (ME)
Overview, Financial Summary, Detailed Financial Reports, Branches

Franklin Savings Bank - Overview

  • General
  • FDIC Certificate #: 19836
    Status: Active
    Federal Reserve ID: 228000
    Bank Holding Company (Regulatory Top Holder): Fsb Bancorp, Mhc (RSSDID: 2596758, Location: Farmington, ME)
    Date Established: November 16, 1868
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 8 (Domestic: 8, Interstate: No)
    OTS Docket #: 8326
    FDIC's unique #: 13629
    Numeric code: 13
    Regulator: FED
    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: July 01, 1968
    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: 197 Main Street, Farmington, ME 4938
    County: Franklin
    Quarterly Banking Profile Region: New York
    FDIC Geographic Region: New York
    FDIC Supervisory Region: New York
    FDIC Field Office: Concord
    Office of the Comptroller the Currency (OCC) District: Northeast
    Office of Thrift Supervision Region: Northeast
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $325.7 mil
    Equity capital: $79.5 mil
    Deposits held in domestic offices: $237.8 mil
    Return on assets (ROA): 0.91% ($3.0 mil)
    Quarterly return on assets: 1.08% ($3.5 mil)
    Return on Equity (ROE): 3.81% ($3.0 mil)
    Quarterly return on equity: 4.48% ($3.6 mil)
    Net income: $3.0 mil
    Quarterly Net income: $0.9 mil
    Pretax return on assets: 1.37% ($4,461.9 mil)
    Quarterly Pretax return on assets: 1.62% ($5,276.1 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
  • 102Total employees (full-time equivalent)
  • $325,685Total assets
  • $29,271Cash and due from depository institutions
  • $23,619Interest-bearing balances
  • $17,055Securities
  • $124Federal funds sold & reverse repurchase agreements
  • $258,541Net loans & leases
  • $3,400Loan loss allowance
  • $0Trading account assets
  • $5,018Bank premises and fixed assets
  • $432Other real estate owned
  • $343Goodwill and other intangibles
  • $325,685Life insurance assets
  • $14,901All other assets
  • $246,150Total liabilities and capital
  • $237,779Total liabilities
  • $193,236Total deposits
  • $237,779Interest-bearing deposits
  • $91Deposits held in domestic offices
  • 1991.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $167Trading liabilities
  • $0Other borrowed funds
  • $6,213Subordinated debt
  • $79,535All other liabilities
  • $79,535Total equity capital
  • $79,535Total bank equity capital
  • $0Perpetual preferred stock
  • $1Common stock
  • $30,000Surplus
  • $49,534Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $5,683Income earned, not collected on loans
  • $860Earning assets
  • $1,125Long-term assets (5+ years)
  • $299,339Average Assets, year-to-date
  • $100,953Average Assets, quarterly
  • $324,036Volatile liabilities
  • $327,214Insider loans
  • $222,183FHLB advances
  • $324,640Loans and leases held for sale
  • $92Unused loan commitments
  • $92Tier 1 (core) risk-based capital
  • $83,905Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $37,954Restructured Loans and leases
  • $117Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $16,345Total interest income
  • $1,869Total interest expense
  • $14,476Net interest income
  • $756Provision for loan and lease losses
  • $2,519Total noninterest income
  • $0Fiduciary activities
  • $433Service charges on deposit accounts
  • $0Trading account gains & fees
  • $2,086Additional noninterest income
  • $11,824Total noninterest expense
  • $7,521Salaries and employee benefits
  • $1,289Premises and equipment expense
  • $3,014Additional noninterest expense
  • $4,415Pre-tax net operating income
  • $15Securities gains (losses)
  • $1,466Applicable income taxes
  • $2,964Income before extraordinary items
  • $0Extraordinary gains - net
  • $2,964Net income attributable to bank
  • $0Net charge-offs
  • $2,964Cash dividends
  • $756Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.47%Yield on earning assets
  • 0.63%Cost of funding earning assets
  • 4.85%Net interest margin
  • 0.84%Noninterest income to earning assets
  • 3.96%Noninterest expense to earning assets
  • 0.91%Net operating income to assets
  • 0.91%Return on assets (ROA)
  • 1.37%Pretax return on assets
  • 3.81%Return on equity (ROE)
  • 3.81%Retained earnings to average equity (YTD only)
  • 0.29%Net charge-offs to loans
  • 100.00%Credit loss provision to net charge-offs
  • 6.84%Efficiency ratio
  • 69,573Assets per employee
  • 3.19%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.30%Loss allowance to noncurrent loans
  • 59.83%Noncurrent assets plus other real estate owned to assets
  • 1.88%Noncurrent loans to loans
  • 2.17%Net loans and leases to deposits
  • 108.73%Net loans and leases to core deposits
  • 114.64%Equity capital to assets
  • 24.42%Core capital (leverage) ratio
  • 25.85%Tier 1 risk-based capital ratio
  • 37.76%Total risk-based capital ratio
  • Memoranda
  • $39Average assets
  • $324,036Average earning assets
  • $77,777Average equity
  • $298,730Average loans

List of branches

  • 8 Maine Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    013629Franklin Savings Bank197 Main Street, Farmington, ME 4938November 16, 1868Full Service Brick and Mortar
    1249649Rumford Branch155-157 Congress Street, Rumford, ME 4276April 01, 1968Full Service Brick and Mortar
    2249650Jay Branch9 Main Street, Jay, ME 4239March 30, 1970Full Service Brick and Mortar
    3249651Rangeley Branch2573 Main Street, Rangeley, ME 4970Febuary 03, 1975Full Service Brick and Mortar
    4249652Mexico Branch20 Main Street, Mexico, ME 4257September 02, 1975Full Service Brick and Mortar
    5249653Somerset Branch194 Madison Street, Skowhegan, ME 4976November 08, 1976Full Service Brick and Mortar
    6249654Wilton Branch603 Main Street, Wilton, ME 4294January 31, 1977Limited Service Facility
    7249655Mt. Blue High School Branch129 Seamon Road, Farmington, ME 4938September 07, 1993Limited Service Mobile

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