Franklin Synergy Bank

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

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Franklin Synergy Bank is headquartered in Franklin and is the 26^th largest bank in the state of Tennessee. It is also the 1,159^th 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

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...

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

Franklin Synergy Bank Checking Account Rates

	Apy	Min	Max	Product
	0.10%	$150k	-	Synergy Club Checking

Franklin Synergy Bank Savings Account Rates

Apy	Min	Max	Product
0.65%	$25k	-	E-Savings Account
0.35%	-	-	Synergy Savings Account

Franklin Synergy Bank Money Market Rates

	Apy	Min	Max	Product
	0.52%	$500k	-	Synergy Money Market Account

Franklin Synergy Bank CD Rates

	Apy	Min	Max	Product
	0.83%	$1k	$95k	18 Month eCD

Rates updated: 5/22/2013

Data for Q4 2012

Institution Statistics

Franklin Synergy Bank
FDIC Certificate #	58714
BankRate Report	View
Year Established	2007
Employees	98
Primary Regulator	FED
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 Margin	3.2%
Return on Assets	0.81%
Return on Equity	8.84%
Interest Income	$20.00 million

Institution Health

Overall Score:

4 out of 5

Texas Ratio
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 Trend
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 Growth
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.
Capitalization
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.