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Parent Company (Franklin Financial Services Corporation) Financial Information (Tables)
 12 Months Ended
Dec. 31, 2018
Parent Company (Franklin Financial Services Corporation) Financial Information [Abstract]  
Balance Sheets



 

 

 

 

 

 



 

December 31

(Dollars in thousands)

 

2018

 

2017

Assets:

 

 

 

 

 

 

Cash and cash equivalents

 

$

 108 

 

$

 250 

Investment securities

 

 

 374 

 

 

 365 

Equity investment in subsidiaries

 

 

 118,027 

 

 

 114,387 

Other assets

 

 

 —

 

 

 184 

Total assets

 

$

 118,509 

 

 

 115,186 



 

 

 

 

 

 

Liabilities:

 

 

 

 

 

 

Other liabilities

 

$

 113 

 

$

 42 

Total liabilities

 

 

 113 

 

 

 42 

Shareholders' equity

 

 

 118,396 

 

 

 115,144 

Total liabilities and shareholders' equity

 

$

 118,509 

 

$

 115,186 



Statements Of Income



 

 

 

 

 

 

 

 

 



 

Years Ended December 31

   (Dollars in thousands)

 

2018

 

2017

 

2016

Income:

 

 

 

 

 

 

 

 

 

Dividends from Bank subsidiary

 

$

 3,259 

 

$

 3,225 

 

$

 4,006 

Other income

 

 

 9 

 

 

 —

 

 

 —



 

 

 3,268 

 

 

 3,225 

 

 

 4,006 

Expenses:

 

 

 

 

 

 

 

 

 

Operating expenses

 

 

 1,184 

 

 

 1,107 

 

 

 972 

Income before income taxes and equity in undistributed income
  of subsidiaries

 

 

 2,084 

 

 

 2,118 

 

 

 3,034 

Income tax benefit

 

 

 207 

 

 

 348 

 

 

 301 

Equity in undistributed income of subsidiaries

 

 

 3,834 

 

 

 (290)

 

 

 4,752 

Net income

 

$

 6,125 

 

$

 2,176 

 

$

 8,087 



Statements Of Comprehensive Income



 

 

 

 

 

 

 

 

 



 

 

Years ended December 31

(Dollars in thousands)

 

2018

 

2017

 

2016

Net Income

 

$

 6,125 

 

$

 2,176 

 

$

 8,087 

Securities:

 

 

 

 

 

 

 

 

 

Unrealized gains arising during the period

 

 

 -

 

 

 201 

 

 

 —

Reclassification adjustment for net (gains) losses included in net income

 

 

 -

 

 

 -

 

 

 —

Net Unrealized gains

 

 

 -

 

 

 201 

 

 

 —

Tax effect

 

 

 -

 

 

 (68)

 

 

 —

Net of tax amount

 

 

 -

 

 

 133 

 

 

 —

Total other comprehensive income of Parent

 

 

 -

 

 

 133 

 

 

 —

Other comprehensive (loss) income of subsidiaries

 

 

 (151)

 

 

 (954)

 

 

 (493)

Total Comprehensive Income

 

$

 5,974 

 

$

 1,355 

 

$

 7,594 



Statements Of Cash Flows



 

 

 

 

 

 

 

 

 



 

Years Ended December 31

(Dollars in thousands)

 

2018

 

2017

 

2016

Cash flows from operating activities

 

 

 

 

 

 

 

 

 

Net income

 

$

 6,125 

 

$

 2,176 

 

$

 8,087 

Adjustments to reconcile net income to net cash provided

 

 

 

 

 

 

 

 

 

by operating activities:

 

 

 

 

 

 

 

 

 

Equity in undistributed (income) loss of subsidiary

 

 

 (3,834)

 

 

 290 

 

 

 (4,752)

Stock option compensation

 

 

 185 

 

 

 161 

 

 

 88 

Deferred tax benefit

 

 

 —

 

 

 (26)

 

 

 —

Decrease (increase) in other assets/liabilities

 

 

 289 

 

 

 (337)

 

 

 (307)

Net cash provided by operating activities

 

 

 2,765 

 

 

 2,264 

 

 

 3,116 



 

 

 

 

 

 

 

 

 

Cash flows from financing activities

 

 

 

 

 

 

 

 

 

Dividends paid

 

 

 (4,598)

 

 

 (4,031)

 

 

 (3,523)

Cash received from option exercises

 

 

 362 

 

 

 175 

 

 

 82 

Common stock issued under dividend reinvestment plan

 

 

 1,417 

 

 

 991 

 

 

 1,671 

Treasury stock purchase

 

 

 (88)

 

 

 —

 

 

 (795)

Net cash used in financing activities

 

 

 (2,907)

 

 

 (2,865)

 

 

 (2,565)

(Decrease) increase in cash and cash equivalents

 

 

 (142)

 

 

 (601)

 

 

 551 

Cash and cash equivalents as of January 1

 

 

 250 

 

 

 851 

 

 

 300 

Cash and cash equivalents as of December 31

 

$

 108 

 

$

 250 

 

$

 851