XML 34 R20.htm IDEA: XBRL DOCUMENT
v3.24.0.1

Other Borrowings | 12 Months Ended
--- | ---
Dec. 31, 2023
Other Borrowings [Abstract] |
Other Borrowings | Note 12. Other Borrowings The Bank has access to short-term borrowings from the FHLB in the form of a revolving term commitment used to fund the short-term liquidity needs of the Bank. These borrowings reprice on a daily basis and the interest rate fluctuates with short-term market interest rates. The Bank had no short-term borrowings at December 31, 2023 and 2022. At December 31, 2023, other borrowings were:
| December 31
(Dollars in thousands) | 2023 |  | 2022
FHLB maturities through 2024, floating with SOFR, at rates from 5.82% to 5.83%, averaging 5.82% | $ | 40,000 |  | $ | -
Federal Reserve Bank maturities through 2024, with fixed rate at rates from 4.38% to 4.93%, averaging 4.58% |  | 90,000 |  |  | -
| $ | 130,000 |  | $ | -
The FHLB borrowing was collateralized by $699.5 million of loans and the Federal Reserve Bank borrowing, through the BTFP, was collateralized by $93.0 million (amortized cost) of investment securities at December 31, 2023. There were no advances at December 31, 2022. The Bank’s maximum borrowing capacity with the FHLB at December 31, 2023 was $484.2 million with $444.2 million available to borrow. This borrowing capacity is secured by a Blanket Pledge Agreement with FHLB on the Bank’s real estate loan portfolio. ‎ Scheduled payments on other borrowings over the next five years are as follows:
(Dollars in thousands) |  |  |
2024 |  | $ | 130,000
2025 |  |  | -
2026 |  |  | -
2027 |  |  | -
2028 |  |  | -
|  | $ | 130,000
The Bank has established credit at the Federal Reserve Discount Window and as of year-end had the ability to borrow approximately $56 million. The Bank also has $56.0 million in unsecured lines of credit at two correspondent banks.

X
- Definition Other Borrowings [Abstract] + References No definition available. + Details
Name: | fraf_OtherBorrowingsAbstract
Namespace Prefix: | fraf_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for short-term debt. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 470 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//470/tableOfContent + Details
Name: | us-gaap_ShortTermDebtTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration