Franklin financial services corporation (FRAF)
CashFlow / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10Dec'09
Cash flows from operating activities
Net income

16,115

6,125

2,176

8,087

10,204

8,402

6,232

5,365

6,569

7,612

6,585

Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization

-

-

-

-

1,328

1,422

1,488

1,405

1,407

1,344

1,419

Depreciation and amortization

1,370

1,330

1,325

1,345

-

-

-

-

-

-

-

Net amortization of loans and investment securities

1,237

1,708

1,730

1,617

1,659

1,818

1,860

1,511

975

410

170

Stock option compensation expense

-

-

-

-

-

-

-

-

-

-

29

Amortization and net change in mortgage servicing rights valuation

-

-

55

55

34

41

50

133

235

121

157

Amortization of intangibles

-

-

-

-

181

517

425

435

446

457

468

Provision for loan losses

237

9,954

670

3,775

1,285

764

2,920

5,225

7,524

3,235

3,438

Decrease (increase) in fair value of equity securities

66

9

-

-

-

-

-

-

-

-

-

Debt securities losses (gains), net

256

56

3

22

-

-

-

-

-

-

-

Impairment write-down on securities recognized in earnings

-

-

-

40

20

20

75

-

-

-

-

Impairment write-down on securities recognized in earnings

-

-

-

-

-

-

-

100

240

1,059

-

Gain on conversion of investment security

-

-

-

-

728

-

-

-

-

-

-

Legal reserve

-

-

10,000

-

-

-

-

-

-

-

-

Debt securities gains, net

-

-

-

-

8

280

33

44

157

673

-

Pay-out of legal settlement

-

10,000

-

-

-

-

-

-

-

-

-

Provision for credit losses on off-balance sheet exposures

-

2,361

-

-

-

-

-

-

-

-

-

Impairment write down on securities recognized in earnings

-

-

-

-

-

-

-

-

-

-

422

Loans originated for sale

30,692

21,633

9,887

8,972

9,121

8,904

10,207

13,125

-

920

647

Proceeds from sale of loans

28,770

21,957

9,985

8,893

9,049

8,864

9,925

13,058

-

952

659

Write-down on premises and equipment

-

17

45

69

60

-

-

-

-

-

-

Gain on sale of premise and equipment

597

-

-26

-31

32

50

-

-

-

-

-

Write-down of other real estate owned

6

6

83

1,209

365

273

255

-

-

-

-

Writedown on other real estate owned

-

-

-

-

-

-

-

-435

-

-

-

Net realized gains on sales of securities

-

-

-

-

-

-

-

-

-

-

522

Net (gain) loss on sale or disposal of other real estate/other repossessed assets

326

-5

-

-

-

-

-

-147

22

-15

30

Gain on sales of loans

-

-

-

-

-

-

-

-

-

32

12

Loss on sale of premises

-

-

-

-

-

-

-

-

-

61

-120

Increase in cash surrender value of life insurance

509

515

521

531

551

568

605

652

682

672

-

Gains from claim on life insurance policy

188

-

-

76

103

-

22

-

-

-

-

Stock option compensation

0

185

161

88

74

-

-

-

-

-

-

Increase in cash surrender value of life insurance

-

-

-

-

-

-

-

-

-

-

-643

Gain from surrender of life insurance policy

-

-

-

-

-

-

-

-

-

-

278

Contribution to pension plan

-

1,000

-

-

-

-

-

6,783

2,112

-626

-243

Increase in other assets

-1,089

957

-293

-1,174

-2,443

-1,036

-1,806

859

-135

71

-306

(Decrease) increase in other liabilities

892

-175

945

-1,094

-2,758

707

880

3,842

-

-

-

Decrease (increase) in interest receivable and other assets

-

-

-

-

-

-

-

-

78

963

-

Decrease in interest receivable and other assets

-

-

-

-

-

-

-

-

-

-

3,483

Increase in interest payable and other liabilities

-

-

-

-

-

-

-

-

699

-515

399

Deferred tax benefit

1,884

-1

-831

-832

-111

294

348

367

-91

-240

-742

Net cash provided by operating activities

18,966

9,302

16,252

14,856

13,290

-

-

-

-

12,358

8,616

Net cash provided by operating activities

-

-

-

-

-

14,356

15,397

10,560

15,088

-

-

Cash flows from investing activities
Net increase in long-term interest-bearing deposits in other banks

-8,746

-

-

-

-

-

-

-

-

-

-

Proceeds from sales and calls of investment securities available for sale

-

-

1,205

3,825

1,381

5,421

5,188

494

9,772

25,322

10,217

Proceeds from sales and calls of investment securities available for sale

18,781

4,171

22,424

25,393

30,123

25,369

32,184

34,789

21,713

29,713

38,916

Proceeds from maturities and pay-downs of securities available for sale

30,743

18,665

-

-

-

-

-

-

-

-

-

Purchase of investment securities available for sale

104,829

30,175

8,602

985

21,688

41,217

69,100

43,673

37,562

28,123

43,014

Net (increase) decrease in restricted stock

13

-4

-1,311

16,605

344

-1,468

-1,665

-1,451

-

-

-

Net decrease in restricted stock

-

-

-

-

-

-

-

-

1,137

323

-

Net increase in loans

-38,105

39,083

49,911

114,780

58,496

4,506

-26,375

-3,938

28,393

13,415

-

Acquisition of other real estate owned

-

-105

-

-

-

-

-

-

-

-

-

Capital expenditures

1,654

1,162

1,119

579

1,041

-

-

-

-

-

-

Net decrease (increase) in loans

-

-

-

-

-

-

-

-

-

-

66,377

Proceeds from the sale of other real estate/other repossessed assets

3,065

79

2,298

625

508

868

554

788

517

448

82

Proceeds from surrender of life insurance policy

444

-

-

436

389

-

105

-

-

-

878

Proceeds from sale of other assets

623

117

154

-

-

-

-

-

-

-

-

Net cash used in investing activities

-23,481

-47,489

-32,240

-102,670

-49,168

-

-

-

-

12,263

-60,819

Proceeds from sale or disposal of premises and equipment

-

-

-

-

-

-

-

-

-

117

-

Capital expenditures

-

-

-

-

-

345

527

2,297

742

2,122

1,521

Net cash used in investing activities

-

-

-

-

-

-12,942

-3,556

-4,510

-33,558

-

-

Cash flows from financing activities
Net increase in deposits

15,008

49,326

64,225

74,704

50,199

50,772

35,489

96,650

67,535

66,239

43,525

Net decrease in demand deposits, interest-bearing checking, and savings accounts

27,755

-13,878

-

-

-

-

-

-

-

-

-

Net (decrease) increase in time deposits

-

-

836

-11,096

-12,868

-15,315

-64,205

-10,196

-13,880

-70,273

67,499

Net decrease in repurchase agreements

-

-

-

-

-9,079

-14,755

-18,375

-10,894

1,939

-4,691

-

Net (decrease) increase in short-term borrowings

-

-

-24,270

24,270

-

-

-

-

-

-

-

Long-term debt advances

-

-

-

-

-

-

-

-

-

-

379

Long-term debt payments

-

-

-

-

-

12,403

7

35,926

22,549

23,803

11,832

Net increase in short-term borrowings

-

-

-

-

-

-

-

-

-

-

-27,307

Dividends paid

5,115

4,598

4,031

3,523

3,139

2,847

2,810

3,170

4,273

4,194

4,145

Purchase of Treasury shares

3,846

88

-

795

-

-

-

-

-

-

160

Cash received from option exercises

268

362

175

82

92

59

52

2

30

26

-

Treasury shares issued under employee stock purchase plan

-

-

-

-

-

-

-

-

-

-

2

Treasury shares issued under dividend reinvestment plan

-

-

-

-

-

-

-

-

-

617

-

Common stock issued under stock option plans

-

-

-

-

-

923

926

1,174

1,706

316

777

Common stock issued under dividend reinvestment plan

1,316

1,417

991

1,671

1,246

-

-

-

-

-

-

Net cash provided by financing activities

-

-

-

-

-

6,434

-48,930

37,640

30,508

-

-

Net cash used in financing activities

35,386

32,541

37,926

85,313

26,451

-

-

-

-

-35,763

68,738

Decrease in cash and cash equivalents

30,871

-5,646

-

-

-

-

-

-

-

-

-

(Decrease) increase in cash and cash equivalents

-

-

21,938

-2,501

-9,427

7,848

-37,089

43,690

12,038

-11,142

16,535

Supplemental Disclosures of Cash Flow Information
Cash paid during the year for: Interest on deposits and other borrowed funds

6,870

4,170

2,458

2,253

2,416

-

-

-

-

-

-

Cash paid during the year for: Interest on deposits and other borrowed funds

-

-

-

-

-

3,240

4,497

7,102

9,350

12,974

14,866

Cash paid during the year for: Income taxes

250

250

3,955

2,100

3,016

907

725

-

2,425

4,102

2,119

Noncash Activities:
Loans transferred to Other Real Estate

80

71

90

329

3,626

82

390

4,195

-

-

-

Lease liabilities arising from obtaining right-of-use assets

43

-

-

-

-

-

-

-

-

-

-

Loans transferred to Other Real Estate

-

-

-

-

-

-

-

-

3,726

438

643