Franklin financial network, inc. (FSB)
Income statement / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13
Interest income and dividends
Loans, including fees

157,225

131,918

100,470

78,236

53,574

33,585

20,094

Securities:
Taxable

17,462

26,533

21,309

15,306

12,362

9,459

4,655

Tax-Exempt

5,559

7,384

8,593

5,609

2,331

81

67

Dividends on restricted equity securities

1,213

1,243

928

500

350

227

126

Federal funds sold and other

3,233

2,867

1,153

256

104

80

40

Total interest income

184,692

169,945

132,453

99,907

68,721

43,432

24,982

Interest expense
Deposits

61,298

53,326

27,464

14,234

8,688

5,301

3,693

Federal funds purchased and repurchase agreements

290

419

407

303

306

176

144

Federal Home Loan Bank advances and other borrowings

7,616

6,369

3,215

884

312

262

100

Subordinated notes

4,328

4,328

4,321

2,902

-

-

-

Total interest expense

73,532

64,442

35,407

18,323

9,306

5,739

3,937

Net interest income

111,160

105,503

97,046

81,584

59,415

37,693

21,045

Provision for loan losses

32,047

2,254

4,313

5,240

5,030

2,374

907

Net interest income after provision for loan losses

79,113

103,249

92,733

76,344

54,385

35,319

20,138

Noninterest income
Loan servicing fees, net

-

-

-

22

227

254

-365

Gain on sale or call of securities

2,043

-4,160

896

2,172

833

259

88

Service charges on deposit accounts

-

-

-

-

113

53

52

Other service charges and fees

-

-

-

-

2,644

1,777

1,112

Net loss on sale of loans held for investment

-2,003

0

226

7,183

6,959

5,814

4,403

Wealth management

-

-

-

-

1,283

639

241

Net (loss) gain on sale of foreclosed assets

-

-

-

-

26

-96

-223

Other

-

-

-

-

771

1,255

1,288

Total noninterest income

17,775

10,662

14,721

15,140

12,856

9,955

6,819

Noninterest expense
Salaries and employee benefits

50,813

43,837

35,268

30,029

24,040

19,160

13,142

Occupancy and equipment

13,069

11,628

9,219

7,627

6,589

4,729

2,792

FDIC assessment expense

1,843

3,448

3,680

2,068

1,167

600

354

Marketing

1,189

1,092

965

762

956

728

283

Professional fees

4,356

4,413

3,419

3,546

2,425

2,040

596

Amortization of core deposit intangible

504

612

473

-

-

-

-

Other

10,105

8,448

7,800

7,649

6,963

4,469

2,272

Total noninterest expense

81,879

73,478

60,824

51,681

42,140

31,726

19,662

(Loss) income before income tax expense

15,009

40,433

46,630

39,803

25,101

13,548

7,295

Income tax (benefit) expense

187

5,912

18,531

11,746

9,021

5,134

2,734

Net (loss) income

14,822

34,521

28,099

28,057

16,080

8,414

4,561

Dividends paid on Series A preferred stock

-

-

-

23

100

100

109

Earnings attributable to noncontrolling interest

16

16

16

-

-

0

-

Net (loss) income available to common shareholders

14,806

34,505

28,083

28,034

15,980

8,314

4,452

(Loss) earnings per share:
Basic (in dollars per share)

1.01

2.44

2.14

2.56

1.62

1.32

1.13

Diluted (in dollars per share)

0.98

2.34

2.04

2.42

1.54

1.27

1.10

Service charges on deposit accounts
Total noninterest income

317

217

154

185

-

-

-

Other service charges and fees
Total noninterest income

3,724

3,183

3,039

3,041

-

-

-

Wealth management
Total noninterest income

2,880

2,969

2,613

1,894

-

-

-

Net gain on sale of foreclosed assets
Total noninterest income

7

91

-7

40

-

-

-

Other
Total noninterest income

1,653

1,666

908

603

-

-

-

Mortgage banking service
Loan servicing fees

9,154

6,696

6,892

-

-

-

-