Parent Company (Franklin Financial Services Corporation) Condensed Financial Information (Tables)

12 Months Ended

Dec. 31, 2024



	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



	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



	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