FRANKLIN FINANCIAL SERVICES CORPORATION FRAF Cash Flow

Franklin financial services corporation (FRAF)

CashFlow / Quarterly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11
Cash flows from operating activities
Net income
1,719	4,395	4,499	3,984	3,237	3,804	4,000	-5,181	3,502	-7,263	3,077	3,342	3,020	1,724	2,075	1,562	2,726	2,267	2,579	2,474	2,884	1,847	2,410	2,319	1,826	1,141	2,185	1,355	1,551	344	1,746	1,906	1,369	1,902	1,059	1,759	1,849
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	344	346	360	372	370	364	369	385	352	351	348	354	351	352	355	349
Depreciation and amortization
331	340	349	343	338	341	321	335	333	352	322	319	332	343	336	335	331	-	324	336	339	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net amortization of loans and investment securities
340	315	189	324	409	401	430	439	438	461	467	433	369	399	424	439	355	411	452	419	377	446	479	465	428	335	615	449	461	451	384	356	320	369	274	173	159
Amortization and net change in mortgage servicing rights valuation
-	-	-	-	-	-	-	-	-	14	14	13	14	14	14	13	14	14	11	-2	11	29	4	0	8	11	6	-17	50	17	60	63	-7	21	86	92	36
Amortization of intangibles
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	91	90	206	104	103	104	106	106	107	106	108	109	109	109	111	111	113	111
Provision for loan losses
3,000	0	-162	0	399	375	250	9,129	200	250	250	50	120	450	1,150	1,875	300	250	400	310	325	300	0	266	198	965	350	802	803	1,625	825	825	1,950	2,082	2,775	1,767	900
Decrease (increase) in fair value of equity securities
-127	56	-6	13	3	-9	-20	-7	45	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Debt securities losses (gains), net
-10	0	3	229	24	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Impairment write-down on securities recognized in earnings
-	-	-	-	-	-	-	-	-	-	-	-	-	10	10	0	20	0	0	0	20	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain on conversion of investment security
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	728	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Debt securities gains, net
-	-	-	-	-	-	-	-	-	-	-	0	2	-	1	2	1	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Provision for credit losses on off-balance sheet exposures
2,100	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loans originated for sale
9,223	-1,528	15,328	10,425	6,467	5,496	6,324	7,286	2,527	3,114	3,202	2,351	1,220	2,374	1,635	2,158	2,805	2,928	2,381	2,930	882	3,095	2,255	2,111	1,443	2,348	2,589	2,622	2,648	-	-	-	-	-	-	-	-
Proceeds from sale of loans
8,512	-1,639	14,091	9,928	6,390	6,450	5,708	6,830	2,969	3,124	3,584	1,965	1,312	2,201	1,755	2,230	2,707	2,843	3,760	1,330	1,116	4,039	1,522	1,667	1,636	2,445	2,381	2,711	2,388	-	-	-	-	-	-	-	-
Write-down on premises and equipment
-	-	-	-	-	-	-	-	-	0	0	-4	49	-	-	-	46	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain on sale of premise and equipment
-	-	-	-	-	-	-	-	-	-	-	-	-	0	-21	-2	-8	0	0	0	32	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Write-down of other real estate owned
-	-	-	-	-	0	0	0	6	23	11	4	45	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Writedown on other real estate owned
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-120	-	-	-	-	-	-	-	-	-	-	-	-
Net realized gains on sales of securities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-11
Net (gain) loss on sale or disposal of other real estate/other repossessed assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-2	-	-	-	-	22	-189	-17	37	-	-	-	-
Loss on sale of premises
-	-	-	-	-	-	0	0	-17	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Increase in cash surrender value of life insurance
124	126	128	128	127	129	129	129	128	130	129	131	131	132	132	132	135	135	137	140	139	142	140	143	143	150	150	153	152	159	159	167	167	-	-	-	-
Gains from claim on life insurance policy
812	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Stock option compensation
31	-	-	-	-	0	62	92	31	0	54	80	27	0	30	44	14	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Increase in cash surrender value of life insurance
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-168	-175	-165
Contribution to pension plan
-	-	-	-	-	0	0	0	1,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	7,566	-207	-206	-370	4,054	-1,020	-820	-102
Increase in other assets
1,139	449	-1,608	20	50	-3,484	525	3,468	448	-1,535	-189	22	1,409	-1,020	-658	-41	545	-566	-497	-1,182	-198	-800	-354	209	-91	301	-1,030	-1,008	-69	1,043	-196	514	-502	-473	-246	1,116	-532
(Decrease) increase in other liabilities
-281	-690	939	525	118	-1,813	307	1,183	148	-1,808	2,751	-617	619	1,153	341	-1,904	-684	-261	-302	-2,473	278	-552	646	173	440	-228	1,373	-677	412	-	-	-	-	-	-	-	-
Decrease (increase) in interest receivable and other assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,646	327	-424	-	-	-	-
Decrease in interest receivable and other assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	51
Increase in interest payable and other liabilities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-1,311	477	-326	2,893	-1,110	-2,706	1,622
Net cash provided by operating activities
2,491	4,400	6,057	4,289	4,220	7,325	4,221	-5,740	3,496	2,616	7,410	3,081	3,145	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,725	3,273	-	4,059	-348	5,229
Other, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	42	-747	-	-	-	-	-	-	-	-
Net cash provided by operating activities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	5,046	2,345	2,351	-	5,350	649	3,857	4,496	3,489	2,732	3,639	2,664	5,109	3,452	4,172	-	-	-	-	-	-	-	-
Cash flows from investing activities
Net increase in long-term interest-bearing deposits in other banks
-1,992	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from sales and calls of investment securities available for sale
-	-	-	-	-	-	-	-	-	330	400	0	475	1,900	160	1,150	615	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	4,806	4,086	0	880
Proceeds from sales and calls of investment securities available for sale
165	0	1,826	13,079	3,876	56	304	-1,915	5,726	5,549	5,423	5,206	6,246	6,409	7,055	4,503	7,426	8,516	7,475	7,733	6,399	5,371	7,685	6,469	5,844	7,023	6,785	8,523	9,853	7,459	9,091	7,962	10,277	5,176	5,827	6,616	4,094
Proceeds from maturities and pay-downs of securities available for sale
10,941	5,510	11,915	7,234	6,084	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Purchase of investment securities available for sale
29,974	47,160	31,350	20,975	5,344	9,899	2,948	3,948	13,380	-	-	-	-	-15,620	0	13,968	2,637	-1	0	10,543	11,146	4,261	8,594	21,546	6,816	3,785	22,572	31,123	11,620	7,075	10,491	19,612	6,495	3,341	9,545	13,453	11,223
Net (increase) decrease in restricted stock
-	-	-	-	-	-	-	-	-	0	0	20	-1,331	16,269	682	-3	-343	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net decrease in restricted stock
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	521	-	431	237	250	263	276	291	307
Net increase in loans
2,077	-2,405	-45,062	2,117	7,245	2,895	3,917	33,302	-1,031	32,268	10,195	-2,069	9,517	35,505	32,753	26,082	20,440	11,386	39,854	10,238	-2,982	-4,003	-1,503	7,225	2,787	5,717	-8,478	-16,755	-6,859	2,663	-11,737	5,644	-508	-	-	-	-
Capital expenditures
174	1,044	177	297	136	563	120	372	107	248	221	684	-34	64	227	138	150	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net decrease (increase) in loans
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,507	9,628	15,636
Proceeds from the sale of other real estate/other repossessed assets
-	-	-	-	-	47	0	-85	117	43	504	0	1,751	0	401	158	66	379	0	0	129	0	375	214	279	-	-	-	-	0	593	0	195	221	154	18	124
Proceeds from surrender of life insurance policy
-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	436	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash used in investing activities
-23,111	-35,481	17,854	-3,089	-2,765	-8,983	-2,393	-29,500	-6,613	-28,663	-6,722	2,825	320	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-17,028	4,489	-	-899	-16,433	-21,575
Capital expenditures
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	575	70	120	70	-46	103	218	88	164	53	222	1,185	424	442	246	154	190	277	121
Net cash used in investing activities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-26,046	-34,374	-14,341	-	-33,370	-11,738	-1,756	10,382	1,015	-20,641	-3,698	-3,057	-6,069	179	5,391	-	-	-	-	-	-	-	-
Cash flows from financing activities
Net increase in deposits
-	-	-	-	-	-	-	-	-3,636	13,900	22,526	2,439	25,360	6,250	16,307	17,503	34,644	4,839	3,954	13,451	27,955	-13,495	1,180	12,325	50,762	-4,862	-10,181	22,394	28,138	30,132	6,424	20,878	39,216	15,280	-2,248	30,045	24,458
Net decrease in demand deposits, interest-bearing checking, and savings accounts
-2,452	-21,637	43,396	39,617	-33,621	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net (decrease) increase in time deposits
-5,507	-	3,156	-3,059	27,483	-	-1,589	2,938	-9,084	133	3,244	-1,655	-886	-2,682	-3,309	-2,917	-2,188	-3,774	-2,566	-2,787	-3,741	-4,189	-3,019	-4,506	-3,601	-15,232	-5,798	-42,775	-400	-13,518	-5,244	234	8,332	-16,640	-3,306	7,548	-1,482
Net decrease in repurchase agreements
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-9,079	7,523	-708	-13,641	-7,929	-36	-15,064	-431	-2,844	-13,942	5,123	-1,272	-803	-	-	-	-
Net (decrease) increase in short-term borrowings
-	-	-	-	-	-	-	-	-	0	0	0	-24,270	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Long-term debt payments
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	12,000	0	401	2	2	1	2	2	25,512	8,370	367	1,677	556	412	12,408	9,173
Net increase in short-term borrowings
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	3,202
Dividends paid
1,306	1,304	1,302	1,317	1,192	1,188	1,184	1,181	1,045	1,043	1,043	1,038	907	905	903	902	813	809	808	804	718	715	713	710	709	707	704	701	698	696	694	690	1,090	1,080	1,071	1,064	1,058
Purchase of Treasury shares
1,172	3	1,839	1,444	560	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash received from option exercises
19	-	-	-	160	-	-	-	-	-	-	-	-	-	-	-	-	0	6	82	4	4	3	48	4	0	5	44	3	-	-	-	-	0	3	26	1
Treasury shares issued under employee stock purchase plan
-	-	-	-	-	-	-	-	-	-	7	117	25	-	-	275	4	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Treasury shares issued under dividend reinvestment plan
560	-	30	-145	351	-	37	109	206	-	190	307	221	-	-	-219	304	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Common stock issued under stock option plans
-	-	-	-	-	-	449	481	155	-	-	-	-	-	-	-	-	-	434	223	212	380	169	204	170	344	221	168	193	203	231	251	489	-	-	-	-
Common stock issued under dividend reinvestment plan
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	272
Net cash provided by financing activities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	20,545	13,951	31,951	-	4,520	10,165	14,633	-22,492	-3,088	-6,681	38,695	-20,495	-31,522	-21,303	24,390	-	-	-	-	-	-	-	-
Net cash used in financing activities
-9,858	-35,225	43,776	34,214	-7,379	9,838	13,479	22,628	-13,404	13,289	24,924	170	-457	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	19,034	44,467	-	-8,378	35,420	16,220
Decrease in cash and cash equivalents
-30,478	-66,306	67,687	35,414	-5,924	8,180	15,307	-12,612	-16,521	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
(Decrease) increase in cash and cash equivalents
-	-	-	-	-	-	-	-	-	-12,758	25,612	6,076	3,008	-3,929	-455	-18,078	19,961	-1,737	-23,500	-924	16,734	-7,614	1,416	-24,590	38,636	-20,888	-32,482	-17,672	33,953	-26,383	13,113	4,731	52,229	-1,257	-5,218	18,639	-126
Supplemental Disclosures of Cash Flow Information
Cash paid during the year for: Interest on deposits and other borrowed funds
1,547	1,689	1,906	1,713	1,562	1,352	1,068	958	792	672	609	611	566	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash paid during the year for: Interest on deposits and other borrowed funds
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	575	522	-	522	693	611	806	764	884	786	1,014	876	1,486	1,121	3,649	-410	2,014	1,849	2,294	2,103	2,682	2,271
Cash paid during the year for: Income taxes
-	-	-	-	-	-	-	-	-	550	0	2,403	1,002	0	0	1,400	700	502	1,001	1,251	262	201	470	216	20	-	-	-	-	-	-	-	-	0	675	1,750	0
Noncash Activities:
Loans transferred to Other Real Estate
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	138	3,039	0	449	-	-	-	-	0	97	0	293	286	3,668	178	63	-	-	-	-
Lease liabilities arising from obtaining right-of-use assets
105	21	0	0	22	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loans transferred to Other Real Estate
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	208	3,034	277	207