Franklin financial services corporation (FRAF)
Income statement / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10Dec'09
Interest income
Loans, including fees

43,885

41,095

36,274

32,992

30,279

30,382

32,457

35,647

37,937

38,537

37,829

Interest and dividends on investments:
Taxable interest

2,724

2,087

2,062

2,271

2,415

2,618

1,783

1,725

2,318

3,037

3,969

Tax exempt interest

1,002

1,173

1,122

1,412

1,607

1,512

1,509

1,483

1,395

1,625

1,779

Dividend income

26

24

26

17

67

100

80

80

82

52

150

Federal funds sold

-

-

-

-

-

-

-

-

-

-

12

Deposits and obligations of other banks

1,598

489

401

287

247

182

213

207

59

33

18

Total interest income

49,235

44,868

39,885

36,979

34,615

34,794

36,042

39,142

41,791

43,284

43,757

Interest expense
Deposits

7,077

4,190

2,475

2,212

2,367

2,743

3,839

5,173

6,649

8,445

10,320

Securities sold under agreements to repurchase

-

-

-

-

-

13

48

78

150

151

168

Short-term borrowings

36

24

16

33

4

-

-

-

-

-

-

Short-term borrowings

-

-

-

-

-

-

-

-

1

1

14

Long-term debt

-

-

-

-

-

424

491

1,639

2,354

3,846

4,172

Total interest expense

7,113

4,214

2,491

2,245

2,371

3,180

4,378

6,890

9,154

12,443

14,674

Net interest income

42,122

40,654

37,394

34,734

32,244

31,614

31,664

32,252

32,637

30,841

29,083

Provision for loan losses

237

9,954

670

3,775

1,285

764

2,920

5,225

-

-

-

Provision for loan losses

-

-

-

-

-

-

-

-

7,524

3,235

3,438

Net interest income after provision for loan losses

41,885

30,700

36,724

30,959

30,959

30,850

28,744

27,027

25,113

27,606

25,645

Noninterest income
Investment and trust services fees

6,141

5,669

5,370

4,969

-

-

-

-

-

-

-

Loan service charges

961

882

831

714

-

-

-

-

-

-

-

Deposit service charges and fees

2,419

2,310

2,399

2,468

-

-

-

-

-

-

-

Other service charges and fees

1,519

1,409

1,327

1,257

-

-

-

-

-

-

-

Investment and trust services fees

-

-

-

-

5,036

4,575

4,429

4,087

3,953

3,844

3,519

Loan service charges

-

-

-

-

1,002

954

879

1,210

1,198

1,132

1,151

Mortgage banking activities

-

-

-

-

-

-

47

6

-72

146

145

Deposit service charges and fees

-

-

-

-

2,318

2,094

1,831

1,925

2,142

2,390

2,575

Other service charges and fees

-

-

-

-

1,239

1,201

907

864

614

508

537

Debit card income

1,791

1,653

1,543

1,469

1,368

1,320

1,236

1,161

1,024

882

755

Increase in cash surrender value of life insurance

509

515

521

531

551

568

605

652

682

672

643

Other real estate owned gains, net

326

-5

-26

-31

32

50

-99

-

-

-

-

OTTI losses on securities

-

-

-

-

-

-

-

-

-

1,373

422

Less: Loss recognized in other comprehensive loss (before taxes)

-

-

-

-

-

-

-

-

-

-314

-

OTTI losses on debt securities

-

-

-

40

20

20

25

100

240

1,059

-

Net (losses)/gains on sales of debt securities

256

56

3

22

-

-

-

-

-

-

-

Gain on conversion of investment security

-

-

-

-

728

-

-

-

-

-

-

OTTI loss on equity securities

-

-

-

-

-

-

-50

-

-

-

-

Net OTTI losses recognized in earnings

-

-

-

-

-

-

-

-

-

-

422

Debt securities gains, net

-

-

-

-

8

280

33

44

157

673

-522

Change in fair value of equity securities

66

9

-

-

-

-

-

-

-

-

-

Other real estate owned (losses) gains, net

-

-

-

-

-

-

-

-582

22

-15

-

Other

1,436

131

221

246

390

109

240

184

720

193

499

Total noninterest income

15,424

12,629

12,189

11,605

12,652

11,131

10,033

9,451

10,200

9,366

8,880

Noninterest Expense
Salaries and employee benefits

22,143

20,048

18,729

17,691

17,186

17,179

16,590

16,626

15,195

13,592

12,713

Net occupancy

3,402

3,206

-

-

-

2,359

2,259

2,024

2,006

1,962

1,898

Occupancy, furniture and equipment, net

-

-

3,152

3,120

3,164

976

975

875

837

781

850

Marketing and advertising

1,756

1,556

1,197

1,155

1,105

1,225

1,384

1,401

1,335

1,342

1,226

Legal and professional

1,774

1,567

1,813

1,508

1,093

1,221

1,172

1,170

1,069

1,505

1,697

Data processing

2,994

2,510

-

-

-

-

-

-

-

-

-

Data processing

-

-

2,229

2,093

2,051

1,824

1,713

1,642

1,462

1,617

1,538

Pennsylvania bank shares tax

982

951

971

902

815

694

815

745

681

610

573

Intangible amortization

-

-

-

-

181

517

425

435

446

457

468

FDIC Insurance

104

600

372

580

663

908

979

1,093

1,084

1,178

1,397

ATM/debit card processing

1,026

999

959

855

830

730

706

630

332

288

-

Foreclosed real estate

-

-

151

1,333

462

315

293

-

-

-

-

Telecommunications

426

433

418

429

555

488

467

-

-

-

-

Legal reserve

-

-

10,000

-

-

-

-

-

-

-

-

Provision for credit losses on off-balance sheet exposures

-

2,361

-

-

-

-

-

-

-

-

-

Other

3,707

3,138

3,181

3,509

3,031

3,137

3,472

3,960

3,886

3,091

3,569

Total noninterest expense

38,314

37,369

43,172

33,175

31,136

31,573

31,250

30,601

28,333

26,423

25,929

Income before federal income taxes

18,995

5,960

5,741

9,389

12,475

10,408

7,527

-

-

-

-

Federal income tax (benefit) expense

2,880

-165

3,565

1,302

2,271

2,006

1,295

-

-

-

-

Income before federal income tax expense

-

-

-

-

-

-

-

5,877

6,980

-

-

Income before federal income taxes

-

-

-

-

-

-

-

-

-

10,549

8,596

Federal income tax expense

-

-

-

-

-

-

-

512

411

2,937

2,011

Net income

16,115

6,125

2,176

8,087

10,204

8,402

6,232

5,365

6,569

7,612

6,585

Per share
Basic earnings per share

3.68

1.40

0.50

1.88

2.40

2.01

1.51

1.32

1.66

1.96

1.71

Diluted earnings per share

3.67

1.39

0.50

1.88

2.40

2.00

1.51

1.32

1.66

1.96

1.71

Cash dividends declared

-

-

0.93

0.82

0.74

0.68

0.68

0.78

1.08

1.08

1.08

Net income

16,115

6,125

2,176

8,087

10,204

-

-

-

-

-

6,585

Unrealized gains arising during the period

-

-

-

-

-

-

-

-

-

-

1,698

Reclassification adjustment for losses included in net income

-

-

-

-

-

-

-

-

-

-

944

Net unrealized gains

-

-

-

-

-

-

-

-

-

-

2,642

Tax effect

-

-

-

-

-

-

-

-

-

-

-898

Net of tax amount

-

-

-

-

-

-

-

-

-

-

1,744

Unrealized (losses) gains arising during the period

-

-

-

-

-

-

-

-

-

-

497

Reclassification adjustment for losses included in net income

-

-

-

-

-

-

-

-

-

-

716

Net unrealized gains (losses)

-

-

-

-

-

-

-

-

-

-

1,213

Tax effect

-

-

-

-

-

-

-

-

-

-

-412

Net of tax amount

-

-

-

-

-

-

-

-

-

-

801

Change in plan assets and benefit obligations

-

-

-

-

-

-

-

-

-

-

113

Reclassification adjustment for losses included in net income

-

-

-

-

-

-

-

-

-

-

0

Net unrealized (losses) gains

-

-

-

-

-

-

-

-

-

-

113

Tax effect

-

-

-

-

-

-

-

-

-

-

-39

Net of tax amount

-

-

-

-

-

-

-

-

-

-

74

Total other comprehensive income (loss)

-

-

-

-

-

-

-

-

-

-

2,619

Total Comprehensive Income

-

-

-

-

-

-

-

-

-

-

9,204