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Franklin Financial Services Corporation
Investor Search
Entire Investor Relations Site
Press Releases Only
Filings Only
Financial Statements
As Reported Financials
Balance Sheet
Income Statement
Cashflow Statement
Balance Sheet
Balance Sheet
Income Statement
Cashflow Statement
Document Name
As Of Date
Currency Code (in thousands)
2016 Y
10-K
12/31/2016
USD
2017 Y
10-K
12/31/2017
USD
2018 Y
10-K
12/31/2018
USD
2019 Y
10-Q
12/31/2019
USD
2020 Q1 YTD
10-Q
3/31/2020
USD
Document Name
As Of Date
Currency Code
2016 Y
10-K
12/31/2016
USD
2017 Y
10-K
12/31/2017
USD
2018 Y
10-K
12/31/2018
USD
2019 Y
10-Q
12/31/2019
USD
2020 Q1 YTD
10-Q
3/31/2020
USD
Assets
Cash and due from banks
16,888
21,433
16,957
15,336
12,848
Column
Line
Column
Line
Short-term interest-bearing deposits in other banks
NA
NA
36,000
68,492
40,502
Column
Line
Column
Line
Total cash and cash equivalents
36,665
58,603
52,957
83,828
53,350
Column
Line
Column
Line
Long-term interest-bearing deposits in other banks
19,777
37,170
0
8,746
10,738
Column
Line
Column
Line
Debt securities available for sale, at fair value
143,875
126,971
131,472
187,433
208,040
Column
Line
Column
Line
Equity securities
NA
365
374
440
313
Column
Line
Column
Line
Restricted stock
1,767
456
452
465
465
Column
Line
Column
Line
Loans held for sale
540
442
118
2,040
2,751
Column
Line
Column
Line
Loans
893,873
943,700
973,375
934,575
936,386
Column
Line
Column
Line
Allowance for loan losses
(11,075)
(11,792)
(12,415)
(11,966)
(14,730)
Column
Line
Column
Line
Net Loans
882,798
931,908
960,960
922,609
921,656
Column
Line
Column
Line
Premises and equipment, net
14,058
13,741
13,521
13,851
13,717
Column
Line
Column
Line
Right of use asset
NA
NA
0
5,126
5,118
Column
Line
Column
Line
Bank owned life insurance
22,459
22,980
23,496
23,748
20,955
Column
Line
Column
Line
Goodwill
9,016
9,016
9,016
9,016
9,016
Column
Line
Column
Line
Other real estate owned
4,915
2,598
2,684
NA
NA
Column
Line
Column
Line
Deferred tax asset, net
5,844
5,803
5,992
4,003
3,570
Column
Line
Column
Line
Other assets
5,506
6,930
8,545
7,852
12,437
Column
Line
Column
Line
Total assets
1,127,443
1,179,813
1,209,587
1,269,157
1,262,126
Column
Line
Column
Line
Liabilities
Deposits
Noninterest-bearing checking
170,345
196,853
197,417
192,108
198,384
Column
Line
Column
Line
Money management, savings, and interest checking
737,140
774,857
823,619
843,936
835,208
Column
Line
Column
Line
Time
74,635
75,471
61,593
89,348
83,841
Column
Line
Column
Line
Total deposits
982,120
1,047,181
1,082,629
1,125,392
1,117,433
Column
Line
Column
Line
Lease liability
NA
NA
0
5,161
5,159
Column
Line
Column
Line
Short-term borrowings
24,270
NA
NA
NA
NA
Column
Line
Column
Line
Other liabilities
4,560
17,488
8,562
11,076
10,529
Column
Line
Column
Line
Total liabilities
1,010,950
1,064,669
1,091,191
1,141,629
1,133,121
Column
Line
Column
Line
Shareholders' equity
Common stock
4,688
4,689
4,701
4,710
4,711
Column
Line
Column
Line
Capital stock without par value
0
0
0
0
0
Column
Line
Column
Line
Additional paid-in capital
39,752
40,396
41,530
42,268
42,390
Column
Line
Column
Line
Retained earnings
83,081
82,218
83,946
94,946
95,359
Column
Line
Column
Line
Accumulated other comprehensive loss
(4,215)
(6,028)
(6,380)
(5,986)
(4,360)
Column
Line
Column
Line
Treasury stock
(6,813)
(6,131)
(5,401)
(8,410)
(9,095)
Column
Line
Column
Line
Total shareholders' equity
116,493
115,144
118,396
127,528
129,005
Column
Line
Column
Line
Total liabilities and shareholders' equity
1,127,443
1,179,813
1,209,587
1,269,157
1,262,126
Column
Line
Column
Line
Document Name
As Of Date
Currency Code (in thousands)
2016 Y
10-K
12/31/2016
USD
2017 Y
10-K
12/31/2017
USD
2018 Y
10-K
12/31/2018
USD
2019 Y
10-K
12/31/2019
USD
2020 Q1 YTD
10-Q
3/31/2020
USD
Document Name
As Of Date
Currency Code
2016 Y
10-K
12/31/2016
USD
2017 Y
10-K
12/31/2017
USD
2018 Y
10-K
12/31/2018
USD
2019 Y
10-K
12/31/2019
USD
2020 Q1 YTD
10-Q
3/31/2020
USD
Interest income
Loans, including fees
32,992
36,274
41,095
43,885
10,168
Column
Line
Column
Line
Interest and dividends on investments
Taxable interest
2,271
2,062
2,087
2,724
1,062
Column
Line
Column
Line
Tax exempt interest
1,412
1,122
1,173
1,002
171
Column
Line
Column
Line
Dividend income
17
26
24
26
6
Column
Line
Column
Line
Deposits and obligations of other banks
287
401
489
1,598
258
Column
Line
Column
Line
Total interest income
36,979
39,885
44,868
49,235
11,665
Column
Line
Column
Line
Interest expense
Deposits
2,212
2,475
4,190
7,077
1,413
Column
Line
Column
Line
Short-term borrowings
33
16
24
36
0
Column
Line
Column
Line
Total interest expense
2,245
2,491
4,214
7,113
1,413
Column
Line
Column
Line
Net interest income
34,734
37,394
40,654
42,122
10,252
Column
Line
Column
Line
Provision for loan losses
3,775
670
9,954
237
3,000
Column
Line
Column
Line
Net interest income after provision for loan losses
30,959
36,724
30,700
41,885
7,252
Column
Line
Column
Line
Noninterest income
Investment and trust services fees
4,969
5,370
5,669
6,141
1,445
Column
Line
Column
Line
Loan service charges
714
831
882
961
285
Column
Line
Column
Line
Deposit service charges and fees
2,468
2,399
2,310
2,419
565
Column
Line
Column
Line
Other service charges and fees
1,257
1,327
1,409
1,519
347
Column
Line
Column
Line
Debit card income
1,469
1,543
1,653
1,791
418
Column
Line
Column
Line
Increase in cash surrender value of life insurance
531
521
515
509
124
Column
Line
Column
Line
Other real estate owned gains (losses), net
(31)
(26)
(5)
326
NA
Column
Line
Column
Line
OTTI losses on debt securities
(40)
0
NA
NA
NA
Column
Line
Column
Line
Life insurance gain
NA
NA
NA
NA
812
Column
Line
Column
Line
Net (losses)/gains on sales of debt securities
22
3
56
256
(10)
Column
Line
Column
Line
Change in fair value of equity securities
0
0
9
66
(127)
Column
Line
Column
Line
Other
246
221
131
1,436
30
Column
Line
Column
Line
Total noninterest income
11,605
12,189
12,629
15,424
3,889
Column
Line
Column
Line
Noninterest Expense
Salaries and employee benefits
17,691
18,729
20,048
22,143
5,535
Column
Line
Column
Line
Net occupancy
3,120
3,152
3,206
3,402
830
Column
Line
Column
Line
Marketing and advertising
1,155
1,197
1,556
1,756
455
Column
Line
Column
Line
Legal and professional
1,508
1,813
1,567
1,774
395
Column
Line
Column
Line
Data processing
2,093
2,229
2,510
2,994
806
Column
Line
Column
Line
Pennsylvania bank shares tax
902
971
951
982
175
Column
Line
Column
Line
FDIC Insurance
580
372
600
104
60
Column
Line
Column
Line
ATM/debit card processing
855
959
999
1,026
264
Column
Line
Column
Line
Foreclosed real estate
1,333
151
NA
NA
NA
Column
Line
Column
Line
Telecommunications
429
418
433
426
105
Column
Line
Column
Line
Legal reserve
0
10,000
NA
NA
NA
Column
Line
Column
Line
Provision for credit losses on off-balance sheet exposures
0
0
2,361
0
NA
Column
Line
Column
Line
Other
3,509
3,181
3,138
3,707
903
Column
Line
Column
Line
Total noninterest expense
33,175
43,172
37,369
38,314
9,528
Column
Line
Column
Line
Income before federal income taxes
9,389
5,741
5,960
18,995
1,613
Column
Line
Column
Line
Federal income tax (benefit) expense
1,302
3,565
(165)
2,880
(106)
Column
Line
Column
Line
Net income
8,087
2,176
6,125
16,115
1,719
Column
Line
Column
Line
Per share
Basic earnings per share
1.88
0.50
1.40
3.68
0.40
Column
Line
Column
Line
Diluted earnings per share
1.88
0.50
1.39
3.67
0.39
Column
Line
Column
Line
Cash dividends declared
0.82
0.93
NA
NA
NA
Column
Line
Column
Line
Consolidated Statements of Comprehensive Income
Net Income
8,087
2,176
6,125
16,115
1,719
Column
Line
Column
Line
Debt Securities
Unrealized gains arising during the period
(1,176)
177
(998)
1,591
2,048
Column
Line
Column
Line
Reclassification adjustment for losses (gains) included in net income
18
(3)
(56)
(256)
10
Column
Line
Column
Line
Net unrealized gains
(1,158)
174
(1,054)
1,335
2,058
Column
Line
Column
Line
Tax effect
394
(60)
264
(280)
(432)
Column
Line
Column
Line
Net of tax amount
(764)
114
(790)
1,055
1,626
Column
Line
Column
Line
Total other comprehensive income
(493)
(821)
(151)
394
1,626
Column
Line
Column
Line
Pension
Change in plan assets and benefit obligations
(638)
(1,965)
104
(1,388)
NA
Column
Line
Column
Line
Reclassification for net actuarial losses included in net income
1,049
547
705
552
NA
Column
Line
Column
Line
Net unrealized (losses) gains
411
(1,418)
809
(836)
NA
Column
Line
Column
Line
Tax effect
(140)
483
(170)
175
NA
Column
Line
Column
Line
Net of tax amount
271
(935)
639
(661)
NA
Column
Line
Column
Line
Total Comprehensive Income
7,594
1,355
5,974
16,509
3,345
Column
Line
Column
Line
Reclassification adjustment / Statement line item
Securities / securities (gains) losses and OTTI losses, net
Tax expense (benefit)
(6)
1
NA
NA
NA
Column
Line
Column
Line
Pension / Salary & Benefits
Tax expense (benefit)
(357)
(186)
NA
NA
NA
Column
Line
Column
Line
Document Name
As Of Date
Currency Code (in thousands)
2016 Y
10-K
12/31/2016
USD
2017 Y
10-K
12/31/2017
USD
2018 Y
10-K
12/31/2018
USD
2019 Y
10-K
12/31/2019
USD
2020 Q1 YTD
10-Q
3/31/2020
USD
Document Name
As Of Date
Currency Code
2016 Y
10-K
12/31/2016
USD
2017 Y
10-K
12/31/2017
USD
2018 Y
10-K
12/31/2018
USD
2019 Y
10-K
12/31/2019
USD
2020 Q1 YTD
10-Q
3/31/2020
USD
Cash flows from operating activities
Net income
8,087
2,176
6,125
16,115
1,719
Column
Line
Column
Line
Adjustments to reconcile net income to net cash provided by operating activities
Depreciation and amortization
1,345
1,325
1,330
1,370
331
Column
Line
Column
Line
Net amortization of loans and investment securities
1,617
1,730
1,708
1,237
340
Column
Line
Column
Line
Amortization and net change in mortgage servicing rights valuation
55
55
NA
NA
NA
Column
Line
Column
Line
Provision for loan losses
3,775
670
9,954
237
3,000
Column
Line
Column
Line
Decrease (increase) in fair value of equity securities
0
0
(9)
(66)
127
Column
Line
Column
Line
Debt securities losses (gains), net
(22)
(3)
(56)
(256)
10
Column
Line
Column
Line
Impairment write-down on securities recognized in earnings
40
0
NA
NA
NA
Column
Line
Column
Line
Legal reserve
0
10,000
NA
NA
NA
Column
Line
Column
Line
Payout of legal settlement
NA
NA
(10,000)
0
NA
Column
Line
Column
Line
Provision for credit losses on off-balance sheet exposures
0
0
2,361
0
NA
Column
Line
Column
Line
Loans originated for sale
(8,972)
(9,887)
(21,633)
(30,692)
(9,223)
Column
Line
Column
Line
Proceeds from sale of loans
8,893
9,985
21,957
28,770
8,512
Column
Line
Column
Line
Write-down on premise and equipment
69
45
17
0
NA
Column
Line
Column
Line
Gain on sale of premise and equipment
NA
NA
0
(597)
NA
Column
Line
Column
Line
Write-down of other real estate owned
1,209
83
6
6
NA
Column
Line
Column
Line
Net (gain) loss on sale or disposal of other real estate/other repossessed assets
31
26
5
(326)
NA
Column
Line
Column
Line
Increase in cash surrender value of life insurance
(531)
(521)
(515)
(509)
(124)
Column
Line
Column
Line
Gain from surrender of life insurance policy
(76)
0
0
(188)
NA
Column
Line
Column
Line
Gains from claim on life insurance policy
NA
NA
NA
NA
(812)
Column
Line
Column
Line
Stock option compensation
88
161
185
0
31
Column
Line
Column
Line
Contribution to pension plan
0
0
(1,000)
0
NA
Column
Line
Column
Line
Increase in other assets
1,174
293
(957)
1,089
(1,139)
Column
Line
Column
Line
(Decrease) increase in other liabilities
(1,094)
945
(175)
892
(281)
Column
Line
Column
Line
Deferred tax benefit
(832)
(831)
(1)
1,884
NA
Column
Line
Column
Line
Net cash provided by operating activities
14,856
16,252
9,302
18,966
2,491
Column
Line
Column
Line
Cash flows from investing activities
Net increase in long-term interest-bearing deposits in other banks
24,270
(24,270)
0
(8,746)
(1,992)
Column
Line
Column
Line
Proceeds from sales and calls of investment securities available for sale
3,825
1,205
4,171
18,781
165
Column
Line
Column
Line
Proceeds from maturities and pay-downs of securities available for sale
25,393
22,424
18,665
30,743
10,941
Column
Line
Column
Line
Purchase of investment securities available for sale
(985)
(8,602)
(30,175)
(104,829)
(29,974)
Column
Line
Column
Line
Net (increase) decrease in restricted stock
(16,605)
1,311
4
(13)
NA
Column
Line