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804-967-7000
4501 Cox Road
Glen Allen, VA 23060

Franklin Federal Savings Bank is headquartered in Glen Allen and is the 22nd largest bank in the state of Virginia. It is also the 628th largest bank in the nation. It was established in 1933 and as of March of 2014, it had grown to 96 employees at 8 locations. Franklin Federal Savings Bank's savings rates are 92% higher than the national average, and it has a B health rating.

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Health

Data for Q1 2014

Institution Health

B

Texas Ratio

GRADE:
C+

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 Federal Savings Bank had $47.55 million in non-current loans and owned real-estate with $212.24 million in equity and loan loss allowances on hand to cover it. This gives Franklin Federal Savings Bank a Texas Ratio of 22.40% which is 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 Federal Savings Bank increased slightly from 16.77% as of March 31, 2013 to 22.40% as of March 31, 2014, resulting in a negative change of 33.59%. This indicates that the balance sheet and financial strength for Franklin Federal Savings Bank has declined slightly in recent periods.

Deposit Growth

GRADE:
A+

In the past year, Franklin Federal Savings Bank has increased its total deposits by $42.29 million, resulting in 6.67% 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 Federal Savings Bank has shown is excellent.

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 Federal Savings Bank has $1.07 billion in assets with $212.24 million in equity, resulting in a capitalization level of 19.90%, which is excellent.

Institution Statistics

Overall
FDIC Certificate #28798
Year Established1933
Employees96
Primary RegulatorOCC
Assets and Liabilities
Assets$1.07 billion
Loans$544.07 million
Deposits$676.19 million
Equity Capital$201.52 million
Loan Loss Allowance$10.72 million
Unbacked Noncurrent Loans$28.73 million
Real Estate Owned$18.83 million
Historic Data - March 2013
Assets$996.80 million
Equity Capital$173.08 million
Loan Loss Allowance$10.51 million
Unbacked Noncurrent Loans$28.73 million
Real Estate Owned$10.44 million
Profit Margin - Quarterly
Net Interest Margin2.88%
Return on Assets0.92%
Return on Equity4.86%
Interest Income$10.46 million
Rates
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Franklin Federal Savings Bank Savings Account Rates

DetailsAPYMINMAXPRODUCT
1.00%$25k-Kids Count Club

Franklin Federal Savings Bank Money Market Rates

DetailsAPYMINMAXPRODUCT
0.60%$250k-Money Market Statement Savings
0.50%$250k-Money Market Checking

Franklin Federal Savings Bank CD Rates

DetailsAPYMINMAXPRODUCT
2.22%$500-7 Year CD
2.02%$500-6 Year CD
1.81%$500-5 Year CD
1.41%$500-4 Year CD
1.00%$500-3 Year CD
0.70%$500-30 Month CD
0.60%$500-2 Year CD
0.50%$500-15 Month CD
0.50%$500-18 Month CD
0.40%$500-1 Year CD
0.40%$10k-10-10 Flex CD
0.30%$500-9 Month CD
0.25%$500-6 Month CD

Franklin Federal Savings Bank IRA Rates

DetailsAPYMINMAXPRODUCT
2.22%$500-7 Year IRA Certificate
2.02%$500-6 Year IRA Certificate
1.81%$500-5 Year IRA Certificate
1.41%$500-4 Year IRA Certificate
1.00%$500-3 Year IRA Certificate
0.70%$500-30 Month IRA Certificate
0.60%$500-2 Year IRA Certificate
0.50%$500-18 Month IRA Certificate
0.40%$10k-10-10 Flex IRA Certificate
0.40%$500-1 Year IRA Certificate
Locations


Franklin Federal Savings Bank Locations
Bellevue Branch1717 Bellevue AveRichmond, VA 23227
Franklin Federal Savings Bank4501 Cox RoadGlen Allen, VA 23060
Brook Road Branch5011 Brook RoadRichmond, VA 23227
Nine Mile Road Branch5100 Nine Mile RoadRichmond, VA 23223
7013 Three Chopt Road Branch7013 Three Chopt RoadRichmond, VA 23226
Mechanicsville Branch7279 Bell Creek Road, SouthMechanicsville, VA 23111
Stony Point Branch9000 West Huguenot RoadRichmond, VA 23235
Iron Bridge Road Branch9961 Iron Bridge RoadChesterfield, VA 23832