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Overview / Commentary
866-834-4838
722 Columbia Avenue
Franklin, TN 37064

Franklin Synergy Bank is headquartered in Franklin and is the 16st largest bank in the state of Tennessee. It is also the 779th largest bank in the nation. It was established in 2007 and as of March of 2014, it had grown to 116 employees at 4 locations. Franklin Synergy Bank's savings rates are 25% higher than the national average, and it has a A health rating.

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Health

Data for Q1 2014

Institution Health

A

Texas Ratio

GRADE:
A+

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 Synergy Bank had $2.6 million in non-current loans and owned real-estate with $73.13 million in equity and loan loss allowances on hand to cover it. This gives Franklin Synergy Bank a Texas Ratio of 3.56% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
A+

The Texas Ratio for Franklin Synergy Bank decreased dramatically from 8.33% as of March 31, 2013 to 3.56% as of March 31, 2014, resulting in a positive change of 57.31%.This indicates that the balance sheet and financial strength for Franklin Synergy Bank has improved dramatically in recent periods.

Deposit Growth

GRADE:
A+

In the past year, Franklin Synergy Bank has increased its total deposits by $203.09 million, resulting in 37.83% 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 Synergy Bank has shown is excellent.

Capitalization

GRADE:
C

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 Synergy Bank has $866.11 million in assets with $73.13 million in equity, resulting in a capitalization level of 8.44%, which is average.

Institution Statistics

Overall
FDIC Certificate #58714
Year Established2007
Employees116
Primary RegulatorFED
Assets and Liabilities
Assets$866.11 million
Loans$457.83 million
Deposits$739.86 million
Equity Capital$67.83 million
Loan Loss Allowance$5.30 million
Unbacked Noncurrent Loans$2.60 million
Real Estate Owned$0
Historic Data - March 2013
Assets$608.91 million
Equity Capital$51.28 million
Loan Loss Allowance$4.06 million
Unbacked Noncurrent Loans$2.60 million
Real Estate Owned$1.90 million
Profit Margin - Quarterly
Net Interest Margin3.57%
Return on Assets0.87%
Return on Equity10.95%
Interest Income$8.30 million
Rates

Always verify rates and promotions with the bank or credit union. We are not Franklin Synergy Bank, we are a rate comparison website and can not provide official rates or promotions.

Franklin Synergy Bank Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.65%$25k-E-Savings Account
0.35%--Synergy Savings Account

Franklin Synergy Bank Money Market Rates

DetailsAPYMINMAXPRODUCT
0.49%$500k-Synergy Money Market Account

Franklin Synergy Bank Checking Account Rates

DetailsAPYMINMAXPRODUCT
0.10%$150k-Synergy Club Checking

Franklin Synergy Bank CD Rates

DetailsAPYMINMAXPRODUCT
1.01%$1k$95k15 Month eCD
Locations


Franklin Synergy Bank Locations
Westhaven Branch1015 Westhaven Blvd Ste 150Franklin, TN 37064
Cool Springs3301 Aspen Grove DriveFranklin, TN 37067
Brentwood Branch4900 Thoroughbred LaneBrentwood, TN 37027
Franklin Synergy Bank722 Columbia AvenueFranklin, TN 37064