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Franklin State Bank

Franklin, MN · Cert 16778

FDIC · 1 branch

Q1 2025

$44.5MAssets
$23.8MLoans
$38.6MDeposits
$5.6MEquity
Loan mix
79%RE $15.9M9%C&I $1.9M12%Consumer $2.4MQ2 2023Q1 2025
Deposit mix
73%Interest-bearing $28.2M27%Noninterest $10.4MQ2 2023Q1 2025

Executive Summary

  • Earnings: ROA of -0.74%, down 131 bps year over year; NIM at 2.97%.
  • Asset quality: problem loans at 0.02% of loans (-3 bps YoY), with net charge-offs at 0.00%.
  • Capital: tier 1 leverage ratio of 12.85%, down 67 bps from a year ago.
  • Funding: loans stand at 61.60% of deposits as of Q1 2025.

Return on Assets (YTD, annualized)

-0.74%-131 bps YoY

Net Interest Margin (YTD, annualized)

2.97%+23 bps YoY

Efficiency Ratio (YTD, annualized)

129.55%+6,014 bps YoY

Tier 1 Leverage Ratio

12.85%-67 bps YoY

NIM

3.58%Q1 ’234.15%Q1 ’244.37%Q1 ’25+1%+9%

Non-interest income vs. expense

2.01%Q1 ’232.02%Q1 ’244.04%Q1 ’25+0%+111%

Year to date, annualized, through each quarter.

MetricQ2 2023Q3 2023Q4 2023Q1 2024Q2 2024Q3 2024Q4 2024Q1 2025YoY ΔTrend
Earnings
Return on Assets0.80%0.73%0.73%0.57%0.54%0.65%0.67%-0.74%-131 bps
Return on Equity6.34%5.77%5.76%4.45%4.27%5.05%5.26%-5.80%-1,025 bps
Net Interest Margin2.77%2.75%2.75%2.74%2.75%2.77%2.80%2.97%+23 bps
Efficiency Ratio65.83%69.03%69.66%69.41%68.62%66.81%66.64%129.55%+6,014 bps
Non-Interest Burden1.76%1.84%1.86%1.85%1.83%1.80%1.81%3.89%+205 bps
Growth
Asset Growth (YoY)1.84%3.76%5.60%1.10%7.16%6.57%8.38%5.37%+427 bps
Loan Growth (YoY)8.50%6.09%3.90%4.17%0.89%-0.02%-1.93%-2.48%-666 bps
Deposit Growth (YoY)1.80%4.05%5.81%0.50%7.49%6.84%8.60%6.13%+563 bps
Asset Quality
Nonperforming Loans / Loans0.04%0.07%0.07%0.05%0.03%0.02%0.02%0.02%-3 bps
Net Charge-Offs / Loans0.06%0.04%0.04%0.08%0.07%0.05%0.04%0.00%-8 bps
Allowance / Loans0.93%0.94%0.96%1.01%0.97%0.96%0.99%1.10%+9 bps
Allowance Coverage of NPLs25.8x12.7x13.7x20.4x34.7x41.0x41.5x52.2x+31.8x
Capital
Tier 1 Leverage Ratio13.74%13.96%13.96%13.52%13.50%13.51%13.62%12.85%-67 bps
Total Risk-Based Capital13.74%13.96%13.96%13.52%13.50%13.51%13.62%12.85%-67 bps
Equity / Assets12.81%12.83%12.91%12.63%12.50%13.05%12.80%12.65%+2 bps
Liquidity & Funding
Loans / Deposits71.84%74.51%72.97%67.04%67.42%69.73%65.89%61.60%-544 bps
Liquid Assets / Assets9.62%9.04%8.36%18.17%18.33%17.24%22.46%3.84%-1,433 bps
CRE / Total Capitaln/an/an/an/an/an/an/an/an/an/a