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Parent Company (Franklin Financial Services Corporation) Condensed Financial Information | 12 Months Ended
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Dec. 31, 2023
Parent Company (Franklin Financial Services Corporation) Condensed Financial Information [Abstract] |
Parent Company (Franklin Financial Services Corporation) Condensed Financial Information | Note 23. Parent Company (Franklin Financial Services Corporation) Condensed Financial Information Balance Sheets
|  | December 31
(Dollars in thousands) |  | 2023 |  | 2022
Assets: |  |  |  |  |  |
Cash and cash equivalents |  | $ | 10,070 |  | $ | 13,500
Investment securities |  |  | 427 |  |  | 411
Equity investment in subsidiaries |  |  | 140,074 |  |  | 118,768
Other assets |  |  | 1,228 |  |  | 1,153
Total assets |  | $ | 151,799 |  |  | 133,832
Liabilities: |  |  |  |  |  |
Subordinate notes |  | $ | 19,661 |  | $ | 19,623
Other liabilities |  |  | 2 |  |  | 12
Total liabilities |  |  | 19,663 |  |  | 19,635
Shareholders' equity |  |  | 132,136 |  |  | 114,197
Total liabilities and shareholders' equity |  | $ | 151,799 |  | $ | 133,832
Statements of Income
|  | Years Ended December 31
(Dollars in thousands) |  | 2023 |  | 2022
Income: |  |  |  |  |  |
Dividends from Bank subsidiary |  | $ | 5,607 |  | $ | 5,670
Change in fair value of equity securities |  |  | 16 |  |  | (69)
Dividends |  |  | 7 |  |  | 5
|  |  | 5,630 |  |  | 5,606
Expenses: |  |  |  |  |  |
Interest expense |  |  | 1,051 |  |  | 1,047
Operating expenses |  |  | 1,887 |  |  | 1,771
Income before income taxes and equity in undistributed income ‎ of subsidiaries |  |  | 2,692 |  |  | 2,788
Income tax benefit |  |  | 894 |  |  | 600
Equity in undistributed income of subsidiaries |  |  | 10,012 |  |  | 11,550
Net income |  |  | 13,598 |  |  | 14,938
Other comprehensive income/(loss) of subsidiary |  |  | 10,347 |  |  | (50,740)
Comprehensive income (loss) |  | $ | 23,945 |  | $ | (35,802)
Statements of Cash Flows
|  | Years Ended December 31
(Dollars in thousands) |  | 2023 |  | 2022
Cash flows from operating activities |  |  |  |  |  |
Net income |  | $ | 13,598 |  | $ | 14,938
Adjustments to reconcile net income to net cash provided |  |  |  |  |  |
by operating activities: |  |  |  |  |  |
Equity in undistributed (income) of subsidiary |  |  | (10,012) |  |  | (11,550)
Stock option compensation |  |  | 483 |  |  | 462
Change in fair value of equity security |  |  | (16) |  |  | 69
Increase in other assets/liabilities |  |  | (896) |  |  | (528)
Net cash provided by operating activities |  |  | 3,157 |  |  | 3,391
Cash flows from financing activities |  |  |  |  |  |
Dividends paid |  |  | (5,595) |  |  | (5,658)
Cash received from option exercises |  |  | 47 |  |  | 48
Common stock issued under dividend reinvestment plan |  |  | 1,355 |  |  | 1,416
Treasury stock purchase |  |  | (2,394) |  |  | (3,334)
Net cash (used in) provided by financing activities |  |  | (6,587) |  |  | (7,528)
(Decrease) increase in cash and cash equivalents |  |  | (3,430) |  |  | (4,137)
Cash and cash equivalents as of January 1 |  |  | 13,500 |  |  | 17,637
Cash and cash equivalents as of December 31 |  | $ | 10,070 |  | $ | 13,500

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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 -Topic 235 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 3 -Subparagraph (SX 210.12-04(a)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480678/235-10-S99-3 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 205 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 6 -Subparagraph (SX 210.5-04(Schedule I)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480922/205-10-S99-6 Reference 3: http://www.xbrl.org/2003/role/recommendedDisclosureRef -Topic 810 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 11 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481231/810-10-45-11 + Details
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