Franklin Financial Services Corporation (FRAF) financial statements (2022 and earlier)

Company profile

Business Address 20 S MAIN ST
CHAMBERSBURG, PA 17201-0819
State of Incorp. PA
Fiscal Year End December 31
SIC 6022 - State Commercial Banks (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1765884535937
Cash and cash equivalents1755784535937
Short-term investments0000  
Total current assets:1765884535937
Noncurrent Assets
Operating lease, right-of-use asset555
Property, plant and equipment191314141414
Intangible assets, net (including goodwill)999999
Goodwill999999
Deferred income tax assets324
Total noncurrent assets:363032232323
Other undisclosed assets1,5621,4481,1531,1341,0981,068
TOTAL ASSETS:1,7741,5351,2691,2101,1801,127
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt1515   24
Total current liabilities:1515   24
Noncurrent Liabilities
Long-term debt and lease obligation55    
Long-term debt, excluding current maturities55    
Total noncurrent liabilities:55    
Other undisclosed liabilities1,5971,3701,1421,0911,065987
Total liabilities:1,6171,3901,1421,0911,0651,011
Stockholders' equity
Stockholders' equity attributable to parent157145128118115116
Common stock555555
Treasury stock, value(7)(8)(8)(5)(6)(7)
Additional paid in capital434342424040
Accumulated other comprehensive income (loss)(1)3(6)(6)(6)(4)
Retained earnings11710395848283
Total stockholders' equity:157145128118115116
TOTAL LIABILITIES AND EQUITY:1,7741,5351,2691,2101,1801,127

Income statement (P&L) ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
Revenues575455515046
Net investment income484649454037
Financial services revenue109
Cost of revenue (5)(0)(10)(1)(4)
Provision for loan, lease, and other losses (5)(0)(10)
Financial services costs(1)(4)
Gross profit:575055414943
Operating expenses(7)(8)(8)(5)(33)(25)
Other operating income, net
(Noninterest Income, Other Operating Income)
001000
Operating income:514248361618
Nonoperating income001100
Gains (losses) on sales of other real estate  0(0)(0)(0)
Bank owned life insurance income001111
Interest and debt expense(3)(4)(7)(4)(2)(2)
Income from continuing operations before equity method investments, income taxes:483842331417
Other undisclosed loss from continuing operations before income taxes(25)(25)(23)(27)(8)(7)
Income from continuing operations before income taxes:231319669
Income tax expense (benefit)(3)(0)(3)0(4)(1)
Net income available to common stockholders, diluted:201316628

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
Net income:201316628
Other comprehensive income (loss)3(1)(1)1(1)0
Comprehensive income:231215718
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(7)101(1)0(1)
Comprehensive income, net of tax, attributable to parent:162217618

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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