Dedicated to Deposits: Deals, Data, and Discussion
Featured Savings Rates
Featured Accounts

Franklin Community Bank, National Association

Based on 1 review
Franklin Community Bank, National Association
Overview / Commentary
400 Old Franklin Turnpike, Suite 100
Rocky Mount, VA 24151

Franklin Community Bank, National Association is headquartered in Rocky Mount and is the 74th largest bank in the state of Virginia. It is also the 3,473rd largest bank in the nation. It was established in 2002 and as of March of 2014, it had grown to 29 employees at 3 locations. Franklin Community Bank, National Association has a C+ health rating.

Reviews (1)

Franklin Community Bank Worse Bank In Virginia

This review is in regard to a commercial loan I co-signed for a business which I was not involved in the day to day operation. Franklin Community Bank, in particular the president, board and management, treated me so bad, that I created a website just to offer a detailed personal review. You can read my entire story by going to www.FranklinBankDoesNotCare.com. Not only did this bank not care about me as a customer, in my opinion, they were also unethical in the dealings with me. Please visit my website to learn the entire story. I promise, you will be surprised as to the treatment, but also find some good information, especially if you are considering a personal, or small business loan. There is also some good customer service information.



Health

Data for Q1 2014

Institution Health

C+

Texas Ratio

GRADE:
B

The Texas Ratio is an indicator of how much capital a bank has available compared to the total value of loans considered at risk. As of March 31, 2014 Franklin Community Bank, National Association had $4.22 million in non-current loans and owned real-estate with $25.55 million in equity and loan loss allowances on hand to cover it. This gives Franklin Community Bank, National Association a Texas Ratio of 16.53% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
C-

The Texas Ratio for Franklin Community Bank, National Association increased slightly from 10.40% as of March 31, 2013 to 16.53% as of March 31, 2014, resulting in a negative change of 58.91%. This indicates that the balance sheet and financial strength for Franklin Community Bank, National Association has declined slightly in recent periods.

Deposit Growth

GRADE:
D

In the past year, Franklin Community Bank, National Association has decreased its total deposits by -$13.67 million, resulting in -8.86% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Franklin Community Bank, National Association has shown is below average.

Capitalization

GRADE:
A+

Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Franklin Community Bank, National Association has $165.85 million in assets with $25.55 million in equity, resulting in a capitalization level of 15.41%, which is excellent.

Institution Statistics

Overall
FDIC Certificate #57259
Year Established2002
Employees29
Primary RegulatorOCC
Assets and Liabilities
Assets$165.85 million
Loans$124.43 million
Deposits$140.59 million
Equity Capital$23.20 million
Loan Loss Allowance$2.35 million
Unbacked Noncurrent Loans$3.44 million
Real Estate Owned$783,000
Historic Data - March 2013
Assets$179.65 million
Equity Capital$23.37 million
Loan Loss Allowance$2.43 million
Unbacked Noncurrent Loans$3.44 million
Real Estate Owned$650,000
Profit Margin - Quarterly
Net Interest Margin3.8%
Return on Assets0.56%
Return on Equity4.08%
Interest Income$1.70 million
Rates

Sorry, we do not have rate data for Franklin Community Bank, National Association

Locations


Franklin Community Bank, National Association Locations
Westlake Branch12930 Booker T. Washington HighwayHardy, VA 24101
Southlake Office Branch25 Southlake DriveUnion Hall, VA 24176
Franklin Community Bank, National Association400 Old Franklin Turnpike, Suite 100Rocky Mount, VA 24151