Franklin Synergy Bank in Franklin, Tennessee (TN)
Overview, Financial Summary, Detailed Financial Reports, Branches


  • Franklin Synergy Bank in Franklin, Tennessee (TN)
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Franklin Synergy Bank - Overview

  • General
  • FDIC Certificate #: 58714
    Status: Active
    Federal Reserve ID: 3635533
    Bank Holding Company (Regulatory Top Holder): Franklin Financial Network, Inc. (RSSDID: 3637582, Location: Franklin, TN)
    Date Established: November 05, 2007
    WWW: http://www.franklinsynergybank.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 2 (Domestic: 2, Interstate: No)
    FDIC's unique #: 463486
    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: November 05, 2007
    Last Structure Change Effective Date: May 17, 2010
    Last Structure Change Process Date: June 08, 2010
    Last Data Update: June 08, 2010
    Data Source Date: April 05, 2012
  • Location
  • Address: 722 Columbia Avenue, Franklin, TN 37064
    County: Williamson
    Quarterly Banking Profile Region: Dallas
    FDIC Geographic Region: Dallas
    FDIC Supervisory Region: Dallas
    FDIC Field Office: Nashville
    Office of the Comptroller the Currency (OCC) District: Southwest
    Office of Thrift Supervision Region: Southeast
    Metropolitan Statistical Area (MSA): Nashville, TN (#5360)
    Combined Statistical Area (CSA): Nashville-Davidson-Murfreesboro-Columbia, TN (#400)
    Core Based Statistical Area (CBSA): Nashville-Davidson-Murfreesboro-Franklin, TN (#34980)
    CBSA Metro Statistical Area: Nashville-Davidson-Murfreesboro-Franklin, TN (#34980)
  • History of Changes
  • Change in Location
  • Financial Summary
  • Total assets: $465.4 mil
    Equity capital: $46.1 mil
    Deposits held in domestic offices: $407.5 mil
    Return on assets (ROA): 0.72% ($3.3 mil)
    Quarterly return on assets: 1.06% ($4.9 mil)
    Return on Equity (ROE): 7.25% ($3.3 mil)
    Quarterly return on equity: 9.74% ($4.5 mil)
    Net income: $2.7 mil
    Quarterly Net income: $1.1 mil
    Pretax return on assets: 0.72% ($3,350.9 mil)
    Quarterly Pretax return on assets: 1.06% ($4,933.3 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
  • 78Total employees (full-time equivalent)
  • $465,401Total assets
  • $23,486Cash and due from depository institutions
  • $19,406Interest-bearing balances
  • $195,124Securities
  • $24Federal funds sold & reverse repurchase agreements
  • $231,787Net loans & leases
  • $3,413Loan loss allowance
  • $0Trading account assets
  • $2,528Bank premises and fixed assets
  • $744Other real estate owned
  • $2,336Goodwill and other intangibles
  • $465,401Life insurance assets
  • $9,372All other assets
  • $419,265Total liabilities and capital
  • $407,480Total liabilities
  • $374,513Total deposits
  • $407,480Interest-bearing deposits
  • $48Deposits held in domestic offices
  • 3880.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $6,500Trading liabilities
  • $0Other borrowed funds
  • $1,405Subordinated debt
  • $46,136All other liabilities
  • $46,136Total equity capital
  • $46,136Total bank equity capital
  • $9,000Perpetual preferred stock
  • $31,900Common stock
  • $727Surplus
  • $4,509Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $5,565Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $3,431Income earned, not collected on loans
  • $0Earning assets
  • $1,539Long-term assets (5+ years)
  • $446,341Average Assets, year-to-date
  • $195,860Average Assets, quarterly
  • $384,014Volatile liabilities
  • $418,112Insider loans
  • $265,574FHLB advances
  • $400,669Loans and leases held for sale
  • $4,070Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $43,381Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $4,070Total unused commitments
  • $67,461Restructured Loans and leases
  • $6,137Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $16,103Total interest income
  • $3,956Total interest expense
  • $12,147Net interest income
  • $680Provision for loan and lease losses
  • $3,208Total noninterest income
  • $0Fiduciary activities
  • $277Service charges on deposit accounts
  • $0Trading account gains & fees
  • $2,931Additional noninterest income
  • $12,600Total noninterest expense
  • $7,733Salaries and employee benefits
  • $2,194Premises and equipment expense
  • $2,673Additional noninterest expense
  • $2,075Pre-tax net operating income
  • $672Securities gains (losses)
  • $0Applicable income taxes
  • $2,747Income before extraordinary items
  • $0Extraordinary gains - net
  • $2,747Net income attributable to bank
  • $0Net charge-offs
  • $2,747Cash dividends
  • $445Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.39%Yield on earning assets
  • 1.08%Cost of funding earning assets
  • 3.31%Net interest margin
  • 0.87%Noninterest income to earning assets
  • 3.43%Noninterest expense to earning assets
  • 0.54%Net operating income to assets
  • 0.72%Return on assets (ROA)
  • 0.72%Pretax return on assets
  • 7.25%Return on equity (ROE)
  • 7.25%Retained earnings to average equity (YTD only)
  • 0.21%Net charge-offs to loans
  • 152.81%Credit loss provision to net charge-offs
  • 6.19%Efficiency ratio
  • 82,058Assets per employee
  • 5.97%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.45%Loss allowance to noncurrent loans
  • 99.48%Noncurrent assets plus other real estate owned to assets
  • 0.90%Noncurrent loans to loans
  • 1.46%Net loans and leases to deposits
  • 56.88%Net loans and leases to core deposits
  • 60.75%Equity capital to assets
  • 9.91%Core capital (leverage) ratio
  • 10.83%Tier 1 risk-based capital ratio
  • 16.33%Total risk-based capital ratio
  • Memoranda
  • $18Average assets
  • $384,014Average earning assets
  • $37,876Average equity
  • $367,011Average loans

List of branches

  • 2 Tennessee Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    0463486Franklin Synergy Bank722 Columbia Avenue, Franklin, TN 37064November 05, 2007Full Service Brick and Mortar
    2511970Cool Springs3301 Aspen Grove Drive, Franklin, TN 37067May 17, 2010Full Service Brick and Mortar

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