Franklin Financial Services Corporation (FRAF) financial statements (2021 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)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments58845359373949
Cash and cash equivalents57845359373949
Short-term investments000    
Total current assets:58845359373949
Noncurrent Assets
Operating lease, right-of-use asset55
Property, plant and equipment13141414141515
Intangible assets, net (including goodwill)9999999
Goodwill9999999
Intangible assets, net (excluding goodwill)      0
Deferred income tax assets24
Total noncurrent assets:30322323232424
Other undisclosed assets1,4481,1531,1341,0981,068972929
TOTAL ASSETS:1,5351,2691,2101,1801,1271,0351,001
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt15   24  
Total current liabilities:15   24  
Noncurrent Liabilities
Long-term debt and lease obligation5      
Long-term debt, excluding current maturities5      
Total noncurrent liabilities:5      
Other undisclosed liabilities1,3701,1421,0911,065987924898
Total liabilities:1,3901,1421,0911,0651,011924898
Stockholders' equity
Stockholders' equity attributable to parent145128118115116111104
Common stock5555555
Treasury stock, value(8)(8)(5)(6)(7)(7)(7)
Additional paid in capital43424240403938
Accumulated other comprehensive income (loss)3(6)(6)(6)(4)(4)(3)
Retained earnings103958482837971
Total stockholders' equity:145128118115116111104
TOTAL LIABILITIES AND EQUITY:1,5351,2691,2101,1801,1271,0351,001

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues545551504644 
Net investment income464945403735 
Financial services revenue10910 
Cost of revenue(5)(0)(10)(1)(4)(1)(1)
Provision for loan, lease, and other losses(5)(0)(10)
Financial services costs(1)(4)(1)(1)
Gross profit:505541494343(1)
Operating expenses(8)(8)(5)(33)(25)(23)(22)
Other operating income, net
(Noninterest Income, Other Operating Income)
0100000
Operating income (loss):424836161820(22)
Nonoperating income0110011
Gains (losses) on sales of other real estate 0(0)(0)(0)00
Bank owned life insurance income0111111
Interest and debt expense(4)(7)(4)(2)(2)(2)(3)
Other undisclosed income from continuing operations before equity method investments, income taxes      35
Income from continuing operations before equity method investments, income taxes:38423314171810
Other undisclosed loss from continuing operations before income taxes(25)(23)(27)(8)(7)(6) 
Income from continuing operations before income taxes:13196691210
Income tax expense (benefit)(0)(3)0(4)(1)(2) 
Net income:13166281010
Other undisclosed net loss attributable to parent      (2)
Net income available to common stockholders, diluted:1316628108

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income:13166281010
Other comprehensive income (loss)(1)(1)1(1)00 
Comprehensive income:12157181010
Other undisclosed comprehensive income (loss), net of tax, attributable to parent101(1)0(1)(1)(0)
Comprehensive income, net of tax, attributable to parent:22176181010

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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