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Parent Company (Franklin Financial Services Corporation) Financial Information | 12 Months Ended
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Dec. 31, 2020
Parent Company (Franklin Financial Services Corporation) Financial Information [Abstract] |
Parent Company (Franklin Financial Services Corporation) Financial Information | Note 23. Parent Company Condensed (Franklin Financial Services Corporation) Financial Information Balance Sheets
|  | December 31
(Dollars in thousands) |  | 2020 |  | 2019
Assets: |  |  |  |  |  |
Cash and cash equivalents |  | $ | 20,109 |  | $ | 164
Investment securities |  |  | 391 |  |  | 440
Equity investment in subsidiaries |  |  | 142,949 |  |  | 126,069
Other assets |  |  | 1,282 |  |  | 859
Total assets |  | $ | 164,731 |  |  | 127,532
Liabilities: |  |  |  |  |  |
Other liabilities |  | $ | 19,555 |  | $ | 4
Total liabilities |  |  | 19,555 |  |  | 4
Shareholders' equity |  |  | 145,176 |  |  | 127,528
Total liabilities and shareholders' equity |  | $ | 164,731 |  | $ | 127,532
Statements of Income
|  | Years Ended December 31
(Dollars in thousands) |  | 2020 |  | 2019
Income: |  |  |  |  |  |
Dividends from Bank subsidiary |  | $ | 6,639 |  | $ | 8,710
Change in fair value of equity securities |  |  | (50) |  |  | 66
|  |  | 6,589 |  |  | 8,776
Expenses: |  |  |  |  |  |
Interest expense |  |  | 427 |  |  | —
Operating expenses |  |  | 1,473 |  |  | 1,176
Income before income taxes and equity in undistributed income ‎ of subsidiaries |  |  | 4,689 |  |  | 7,600
Income tax benefit |  |  | 409 |  |  | 867
Equity in undistributed income of subsidiaries |  |  | 7,702 |  |  | 7,648
Net income |  |  | 12,800 |  |  | 16,115
Other comprehensive income of subsidiary |  |  | 9,176 |  |  | 394
Comprehensive income |  | $ | 21,976 |  | $ | 16,509
‎ Statements of Cash Flows
|  | Years Ended December 31
(Dollars in thousands) |  | 2020 |  | 2019
Cash flows from operating activities |  |  |  |  |  |
Net income |  | $ | 12,800 |  | $ | 16,115
Adjustments to reconcile net income to net cash provided |  |  |  |  |  |
by operating activities: |  |  |  |  |  |
Equity in undistributed (income) of subsidiary |  |  | (7,702) |  |  | (7,648)
Stock option compensation |  |  | 197 |  |  | —
Increase in other assets/liabilities |  |  | (366) |  |  | (1,034)
Net cash provided by operating activities |  |  | 4,929 |  |  | 7,433
Cash flows from financing activities |  |  |  |  |  |
Dividends paid |  |  | (5,226) |  |  | (5,115)
Proceeds from subordinated notes, net of issuance costs |  |  | 19,541 |  |  | —
Cash received from option exercises |  |  | 36 |  |  | 268
Common stock issued under dividend reinvestment plan |  |  | 1,836 |  |  | 1,316
Treasury stock purchase |  |  | (1,171) |  |  | (3,846)
Net cash used in financing activities |  |  | 15,016 |  |  | (7,377)
Increase in cash and cash equivalents |  |  | 19,945 |  |  | 56
Cash and cash equivalents as of January 1 |  |  | 164 |  |  | 108
Cash and cash equivalents as of December 31 |  | $ | 20,109 |  | $ | 164

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- Definition The entire disclosure for condensed financial information, including the financial position, cash flows, and the results of operations of the registrant (parent company) as of the same dates or for the same periods for which audited consolidated financial statements are being presented. Alternatively, the details of this disclosure can be reported by the specific parent company taxonomy elements, indicating the appropriate date and period contexts in an instance document. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 10 -Section S99 -Paragraph 6 -Subparagraph (SX 210.5-04(Schedule I)) -URI http://asc.fasb.org/extlink&oid=120391182&loc=d3e5864-122674 Reference 2: http://www.xbrl.org/2003/role/recommendedDisclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 810 -SubTopic 10 -Section 45 -Paragraph 11 -URI http://asc.fasb.org/extlink&oid=108774443&loc=d3e5283-111683 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 3 -Subparagraph (SX 210.12-04(a)) -URI http://asc.fasb.org/extlink&oid=120395691&loc=d3e24072-122690 + Details
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