Franklin Synergy Bank

Franklin Synergy Bank Locations
722 Columbia Avenue
Franklin, TN 37064
(866) 834-4838
www.franklinsynergybank.com

FDIC


Franklin Synergy Bank is headquartered in Franklin and is the 26th largest bank in the state of Tennessee. It is also the 1,159th largest bank in the nation. It was established in 2007 and as of December of 2012, it had grown to 98 employees at 4 locations. Franklin Synergy Bank has a 4-star health rating.

Franklin Synergy Bank Routing Number: 064109329

Related Posts

Franklin Synergy Bank's eCD Yield Increased to 1.95% (Forum) - 3/23/2010

It's nice to see a rate hike for a change. Franklin Synergy Bank's eCD yield is now 1.95% APY (was 1.90%). It's not a big increase, but it's a whole lot better than a rate cut. Unfortunately, ther term increased from 12 to 15 months. The CD is available n

2.15% 12-Month Online CD at Franklin Synergy Bank - Available Nationwide - 12/28/2009

Update 12/29/09: The 12-month eCD rate has fallen from 2.25% to 2.15% APY. High rates sure don't last long these days.Franklin Synergy Bank increased the rate of its 12-month eCD last week from 2.05% to 2.25% APY. Minimum deposit is $1,000, and the...

2.78% 11-Month Online CD at Franklin Synergy Bank - Nationally Available - 7/3/2009

Update 7/16/09: The eCD rate has fallen to 2.25% APY with a term of 12 months.Update 7/13/09: The eCD rate has fallen to 2.50% APY with a term of 12 months.Update 7/11/09: The eCD rate has fallen to 2.70% APY, and the term is now 12 months.Franklin...

2.78% 5-Month Online CD at Franklin Synergy Bank - Nationally Available - 5/28/2009

Update 6/04/09: It has been reported that the eCD term is now 11 months.Franklin Synergy Bank is offering an online certificate of deposit called the eCD. It has a 2.78% APY and a 5-month term. The eCD is listed at the bottom of the bank's eProducts page...



See Rates for: Checking | Savings | Money Market | CD

Franklin Synergy Bank Checking Account Rates

ApyMinMaxProduct
0.10%$150k-Synergy Club Checking

Franklin Synergy Bank Savings Account Rates

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

Franklin Synergy Bank Money Market Rates

ApyMinMaxProduct
0.52%$500k-Synergy Money Market Account

Franklin Synergy Bank CD Rates

ApyMinMaxProduct
0.83%$1k$95k18 Month eCD

Rates updated: 5/22/2013

Data for Q4 2012


Institution Statistics


Franklin Synergy Bank
FDIC Certificate #58714
BankRate ReportView
Year Established2007
Employees98
Primary RegulatorFED

Assets and Liabilities

Assets$577.48 million
Loans$310.96 million
Deposits$515.46 million
Equity Capital$50.32 million
Loan Loss Allowance$3.98 million
Unbacked Noncurrent Loans$2.68 million
Real Estate Owned$2.09 million

Historic Data - December 2011

Assets$465.40 million
Equity Capital$46.14 million
Loan Loss Allowance$3.41 million
Unbacked Noncurrent Loans$3.43 million
Real Estate Owned$744,000

Profit Margin - Quarterly

Net Interest Margin3.2%
Return on Assets0.81%
Return on Equity8.84%
Interest Income$20.00 million

Institution Health


Overall Score:
4 out of 5
4
Texas Ratio4
The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of December 31, 2012 Franklin Synergy Bank had $4.77 million in non-current loans and owned real-estate with $54.3 million in equity and loan loss allowances on hand to cover it. This gives Franklin Synergy Bank a Texas Ratio of 8.78% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend3
The Texas Ratio for Franklin Synergy Bank held steady from 8.43% as of December 31, 2011 to 8.78% as of December 31, 2012, resulting in a negative change of 4.16%. This indicates that the balance sheet and financial strength for Franklin Synergy Bank has held steady in recent periods.
Deposit Growth5
In the past year, Franklin Synergy Bank has increased its total deposits by $107.98 million, resulting in 26.5% 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.
Capitalization3
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 $577.48 million in assets with $54.3 million in equity, resulting in a capitalization level of 9.40%, which is average.
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