Banks | Bank of Frankewing

Bank of Frankewing


Bank of Frankewing ACH Number: 064106775

Bank of Frankewing is an FDIC insured institution headquartered at 2324 Highway 64, Frankewing, TN 38459.
It was founded in 1920 and has approximately $1 billion in assets. Customers can open an account at one of its 4 branches.

Deposit Rates - April 29, 2024

Overview 2024

General Bank Information

FDIC Insured Yes
FDIC Certificate # 1484
Date Established 1920
Assets $ 523.72 million
Loans $ 410.05 million
Deposits $ 471.63 million
Capital $ 50.17 million

Summary Balance Sheet as of June 30, 2023

ASSETS
Cash & Balances due from depository institutions $ 50.01 million
Interest-bearing balances $ 40.92 million
Total securities $ 34.25 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 410.05 million
Loan loss allowance $ 5.54 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned N.A.
Goodwill and other intangibles N.A.
All other assets $ 11.83 million
     Total Assets $ 473.55 million

LIABILITIES
Total deposits $ 471.63 million
      Interest-bearing deposits $ 374.91 million
      Deposits held in domestic offices $ 471.63 million
      % insured (estimated) 87.87%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds $ 0.70 million
Subordinated debt N.A.
All other liabilities $ 1.47 millionn
      Total Liabilities $ 473.55 million
      Shareholders’ Equity $ 50.17 million

Summary Income Statement as of June 30, 2023

INCOME AND EXPENSES
Total Interest Income $ 29.32 million
Total Interest Expense $ 10.04 million
Net interest income $ 19.29 million
Provision for loan and lease losses $ 10.03 million
Total non interest income $ 3.22 million
Total non interest expense $ 15.17 million
Pre-tax Net Operating Income $ 2.60 million

Bank of Frankewing's History

Bank of Frankewing (frank-yoo-ing). Member FDIC. Bank of Frankewing is one of the region’s leading financial institutions serving individual consumers, local businesses and large corporations with a full range of banking, investing, lending, and other financial management products and services. Through continuous service since 1921, Bank of Frankewing embodies community values while providing top notch customer service and customized banking services to middle Tennessee and north Alabama.
In 1920, some community leaders met to establish a bank in the town. The charter was obtained in December of 1920 and the Bank of Frankewing opened for business on February 1, 1921. In 2000, the first branch was opened off of the new bypass in Pulaski., and, in 2005, the bank's first branch outside of Giles County was opened in Lawrenceburg, Tennessee. Bank of Frankewing branched to Hazel Green, AL in 2020 expanding services further into north Alabama.
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