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Parent Company (Franklin Financial Services Corporation) Condensed Financial Information | 12 Months Ended
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Dec. 31, 2024
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) |  | 2024 |  | 2023
Assets: |  |  |  |  |  |
Cash and cash equivalents |  | $ | 9,137 |  | $ | 10,070
Investment securities |  |  | 166 |  |  | 427
Equity investment in subsidiaries |  |  | 153,410 |  |  | 140,074
Other assets |  |  | 1,704 |  |  | 1,228
Total assets |  | $ | 164,417 |  |  | 151,799
Liabilities: |  |  |  |  |  |
Subordinate notes |  | $ | 19,699 |  | $ | 19,661
Other liabilities |  |  | 2 |  |  | 2
Total liabilities |  |  | 19,701 |  |  | 19,663
Shareholders' equity |  |  | 144,716 |  |  | 132,136
Total liabilities and shareholders' equity |  | $ | 164,417 |  | $ | 151,799
Statements of Income
|  | Years Ended December 31
(Dollars in thousands) |  | 2024 |  | 2023
Income: |  |  |  |  |  |
Dividends from Bank subsidiary |  | $ | 5,956 |  | $ | 5,607
Change in fair value of equity securities |  |  | 209 |  |  | 16
Dividends |  |  | 7 |  |  | 7
|  |  | 6,172 |  |  | 5,630
Expenses: |  |  |  |  |  |
Interest expense |  |  | 1,050 |  |  | 1,051
Operating expenses |  |  | 1,932 |  |  | 1,887
Income before income taxes and equity in undistributed income ‎ of subsidiaries |  |  | 3,190 |  |  | 2,692
Income tax benefit |  |  | 568 |  |  | 894
Equity in undistributed income of subsidiaries |  |  | 7,341 |  |  | 10,012
Net income |  |  | 11,099 |  |  | 13,598
Other comprehensive income/(loss) of subsidiary |  |  | 5,432 |  |  | 10,347
Comprehensive income (loss) |  | $ | 16,531 |  | $ | 23,945
Statements of Cash Flows
|  | Years Ended December 31
(Dollars in thousands) |  | 2024 |  | 2023
Cash flows from operating activities |  |  |  |  |  |
Net income |  | $ | 11,099 |  | $ | 13,598
Adjustments to reconcile net income to net cash provided |  |  |  |  |  |
by operating activities: |  |  |  |  |  |
Equity in undistributed (income) of subsidiary |  |  | (7,341) |  |  | (10,012)
Stock option compensation |  |  | 634 |  |  | 483
Change in fair value of equity security |  |  | (209) |  |  | (16)
Increase in other assets/liabilities |  |  | (531) |  |  | (896)
Net cash provided by operating activities |  |  | 3,652 |  |  | 3,157
Cash flows from financing activities |  |  |  |  |  |
Dividends paid |  |  | (5,629) |  |  | (5,595)
Cash received from option exercises |  |  | 122 |  |  | 47
Common stock issued under dividend reinvestment plan |  |  | 1,749 |  |  | 1,355
Treasury stock purchase |  |  | (827) |  |  | (2,394)
Net cash (used in) provided by financing activities |  |  | (4,585) |  |  | (6,587)
(Decrease) increase in cash and cash equivalents |  |  | (933) |  |  | (3,430)
Cash and cash equivalents as of January 1 |  |  | 10,070 |  |  | 13,500
Cash and cash equivalents as of December 31 |  | $ | 9,137 |  | $ | 10,070

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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/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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