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Parent Company (Franklin Financial Services Corporation) Condensed Financial Information | 12 Months Ended
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Dec. 31, 2022
Parent Company (Franklin Financial Services Corporation) Condensed Financial Information [Abstract] |
Parent Company (Franklin Financial Services Corporation) Financial Information | Note 23. Parent Company (Franklin Financial Services Corporation) Condensed Financial Information Balance Sheets
|  | December 31
(Dollars in thousands) |  | 2022 |  | 2021
Assets: |  |  |  |  |  |
Cash and cash equivalents |  | $ | 13,500 |  | $ | 17,637
Investment securities |  |  | 411 |  |  | 481
Equity investment in subsidiaries |  |  | 118,768 |  |  | 157,620
Other assets |  |  | 1,153 |  |  | 918
Total assets |  | $ | 133,832 |  |  | 176,656
Liabilities: |  |  |  |  |  |
Subordinate notes |  | $ | 19,623 |  | $ | 19,588
Other liabilities |  |  | 12 |  |  | 3
Total liabilities |  |  | 19,635 |  |  | 19,591
Shareholders' equity |  |  | 114,197 |  |  | 157,065
Total liabilities and shareholders' equity |  | $ | 133,832 |  | $ | 176,656
Statements of Income
|  | Years Ended December 31
(Dollars in thousands) |  | 2022 |  | 2021
Income: |  |  |  |  |  |
Dividends from Bank subsidiary |  | $ | 5,670 |  | $ | 4,050
Change in fair value of equity securities |  |  | (69) |  |  | 90
Dividends |  |  | 5 |  |  | 9
|  |  | 5,606 |  |  | 4,149
Expenses: |  |  |  |  |  |
Interest expense |  |  | 1,047 |  |  | 1,048
Operating expenses |  |  | 1,771 |  |  | 1,536
Income before income taxes and equity in undistributed income ‎ of subsidiaries |  |  | 2,788 |  |  | 1,565
Income tax benefit |  |  | 600 |  |  | 517
Equity in undistributed income of subsidiaries |  |  | 11,550 |  |  | 17,534
Net income |  |  | 14,938 |  |  | 19,616
Other comprehensive (loss)/income of subsidiary |  |  | (50,740) |  |  | (3,737)
Comprehensive (loss) income |  | $ | (35,802) |  | $ | 15,879
Statements of Cash Flows
|  | Years Ended December 31
(Dollars in thousands) |  | 2022 |  | 2021
Cash flows from operating activities |  |  |  |  |  |
Net income |  | $ | 14,938 |  | $ | 19,616
Adjustments to reconcile net income to net cash provided |  |  |  |  |  |
by operating activities: |  |  |  |  |  |
Equity in undistributed (income) of subsidiary |  |  | (11,550) |  |  | (17,534)
Stock option compensation |  |  | 462 |  |  | 204
Change in fair value of equity security |  |  | 69 |  |  | (90)
Increase in other assets/liabilities |  |  | (528) |  |  | (474)
Net cash provided by operating activities |  |  | 3,391 |  |  | 1,722
Cash flows from financing activities |  |  |  |  |  |
Dividends paid |  |  | (5,658) |  |  | (5,524)
Cash received from option exercises |  |  | 48 |  |  | 135
Common stock issued under dividend reinvestment plan |  |  | 1,416 |  |  | 2,388
Treasury stock purchase |  |  | (3,334) |  |  | (1,193)
Net cash (used in) provided by financing activities |  |  | (7,528) |  |  | (4,194)
(Decrease) increase in cash and cash equivalents |  |  | (4,137) |  |  | (2,472)
Cash and cash equivalents as of January 1 |  |  | 17,637 |  |  | 20,109
Cash and cash equivalents as of December 31 |  | $ | 13,500 |  | $ | 17,637

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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 https://asc.fasb.org/extlink&oid=126898705&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 https://asc.fasb.org/extlink&oid=126929396&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 https://asc.fasb.org/extlink&oid=120395691&loc=d3e24072-122690 + Details
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