This institution is no longer active

Operations ceased on October 14, 2005. CRA examination history below reflects the period it was active.

FRANKLIN BANK

NUTLEY, NJ · Supervised by FDIC

Est. 2000FDIC #35,342RSSD: FDIC-35342

Satisfactory

Current rating · Exam: June 2003

CompareWatch

At a Glance

Community Lending (CRA)

Satisfactory

Meets federal requirements for community lending

Financial Health

Strong

ROA 1.71%

Is this bank safe?

FRANKLIN BANK holds a Satisfactory CRA rating (2003), is financially strong (ROA +1.71%). Overall, this bank appears financially sound.

Institution Profile

FDIC BankFind

Address

277 Franklin Avenue, NUTLEY, NJ

County

Essex County

Established

October 19, 2000

Total Assets

$87M(latest call report)

Community Reinvestment Rating

CRA / FFIEC

Federal regulators examine banks to ensure they lend and invest in the communities they serve, especially low- and moderate-income areas.

Overall Rating

Satisfactory

Meets federal requirements for community lending

Exam Date

June 4, 2003

Exam Type

Small Bank

Regulator

FDIC

What is a CRA rating? →

⚠️This exam is 23 years old — CRA data may not reflect current lending practices. Regulators typically re-examine banks every 2–4 years.

Estimated next exam:Overdue(based on asset size)

Financial Snapshot

As of Q3 2005Call Report / FDIC

Total Assets

$87M

Total Deposits

$75M

Net Loans

$75M

Net Income

$1M

ROA

1.71%

Above avg for Small banks. Peer avg: 0.44%

ROE

13.57%

Risk-Based Capital

15.65%

Below avg for Small banks. Regulatory min: 8%

Total Assets — Last 8 Quarters

Total AssetsROA

Peer Comparison

Small banks

Compared to the peer-bank Small peer group (same asset tier).

ROA1.71%Peer avg: 0.44%▲ Above avg

Risk-Based Capital15.65%Peer avg: 23.03%▼ Below avg

Mortgage Denial Rate12.50%Peer avg: 6.90%▲ More than avg

Unlock peer list → See which specific banks are in this peer group.

Mortgage Lending

CFPB HMDA

Year	Applications	Orig. Rate	Denial Rate
2024	240	78.33%	12.50%
2020	405	80.74%	11.36%
2019	265	78.87%	15.47%
2018	292	78.42%	15.75%

Denial rate = denials ÷ total applications. 2024 national avg: 23.75% · Small bank avg: 6.90% · above-average shown in red

This is the only examination on record for this bank.

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