FRANKLIN FINANCIAL SERVICES CORP /PA/
For the period ended Jun 30, 2025. Filed Aug 14, 2025.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 30, 2025 · Filed Aug 14, 2025
FRAF$70.18-0.1%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Income
| For the Three Months Ended · For the Six Months Ended | ||||
|---|---|---|---|---|
| (Dollars in thousands, except per share data) (unaudited) | June 30, | June 30, | ||
| 2025 | 2024 | 2025 | 2024 | |
| Interest income | ||||
| Loans, including fees | $21,425 | $18,059 | $41,289 | $35,281 |
| Interest and dividends on investments: | ||||
| Taxable interest | 4,524 | 3,901 | 9,349 | 7,814 |
| Tax exempt interest | 269 | 274 | 540 | 549 |
| Dividend income | 189 | 205 | 379 | 250 |
| Interest-earning deposits in other banks | 2,193 | 2,293 | 4,101 | 4,647 |
| Total interest income | 28,600 | 24,732 | 55,658 | 48,541 |
| Interest expense | ||||
| Deposits | 8,918 | 7,018 | 17,948 | 13,522 |
| FHLB overnight borrowings and advances | 2,181 | 480 | 4,339 | 1,440 |
| Federal Reserve Bank borrowings | — | 2,762 | — | 5,289 |
| Subordinate notes | 263 | 261 | 528 | 525 |
| Total interest expense | 11,362 | 10,521 | 22,815 | 20,776 |
| Net interest income | 17,238 | 14,211 | 32,843 | 27,765 |
| Provision for credit losses - loans | 704 | 560 | 1,454 | 1,050 |
| Provision for (reversal of) credit losses - unfunded commitments | (69) | (14) | (40) | (52) |
| Total provision for credit losses | 635 | 546 | 1,414 | 998 |
| Net interest income after credit loss expense | 16,603 | 13,665 | 31,429 | 26,767 |
| Noninterest income | ||||
| Wealth management fees | 2,419 | 2,242 | 4,633 | 4,269 |
| Loan service charges | 294 | 181 | 503 | 387 |
| Gain on sale of loans | 132 | 116 | 241 | 174 |
| Deposit service charges and fees | 613 | 572 | 1,218 | 1,185 |
| Other service charges and fees | 480 | 523 | 963 | 1,010 |
| Debit card income | 608 | 571 | 1,167 | 1,106 |
| Increase in cash surrender value of life insurance | 116 | 112 | 230 | 224 |
| Change in fair value of equity securities | — | (34) | (7) | (75) |
| Other | 441 | 67 | 716 | 258 |
| Total noninterest income | 5,103 | 4,350 | 9,664 | 8,538 |
| Noninterest Expense | ||||
| Salaries and employee benefits | 8,864 | 8,405 | 17,370 | 16,132 |
| Net occupancy | 1,146 | 1,149 | 2,371 | 2,331 |
| Marketing and advertising | 353 | 617 | 786 | 1,137 |
| Legal and professional | 537 | 515 | 1,064 | 1,030 |
| Data processing | 1,514 | 1,459 | 3,071 | 2,882 |
| Pennsylvania bank shares tax | 137 | 119 | 297 | 244 |
| FDIC Insurance | 409 | 408 | 954 | 730 |
| ATM/debit card processing | 344 | 339 | 683 | 662 |
| Telecommunications | 109 | 108 | 216 | 220 |
| Nonservice pension | 17 | (7) | 29 | (36) |
| Other | 959 | 1,224 | 2,124 | 2,310 |
| Total noninterest expense | 14,389 | 14,336 | 28,965 | 27,642 |
| Income before income taxes | 7,317 | 3,679 | 12,128 | 7,663 |
| Income tax expense | 1,409 | 646 | 2,299 | 1,269 |
| Net income | $5,908 | $3,033 | $9,829 | $6,394 |
| Per share | ||||
| Basic earnings per share | $1.32 | $0.67 | $2.21 | $1.43 |
| Diluted earnings per share | $1.32 | $0.66 | $2.20 | $1.43 |
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