FRANKLIN FINANCIAL SERVICES CORP /PA/
For the period ended Mar 31, 2026. Filed May 11, 2026.
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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.
Mar 31, 2026 · Filed May 11, 2026
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 Cash Flows
| Three Months EndedMarch 31, | ||
|---|---|---|
| 2026 | 2025 | |
| (Dollars in thousands) (unaudited) | ||
| Cash flows from operating activities | ||
| Net income | $6,637 | $3,922 |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||
| Depreciation and amortization | 513 | 537 |
| Net amortization of loans and investment securities | 112 | 71 |
| Amortization of subordinate debt issuance costs | 5 | 11 |
| Provision for credit losses | 221 | 779 |
| Loss on sale of equity securities | — | 7 |
| Loans originated for sale | (11,103) | (6,986) |
| Proceeds from sale of loans | 28,500 | 7,774 |
| Gain on sale of loans held for sale | (318) | (109) |
| Gain on sale of premise | (33) | — |
| Increase in cash surrender value of life insurance | (132) | (115) |
| Gain from claims on life insurance policies | (351) | — |
| Stock based compensation | 156 | 194 |
| Net (decrease) increase in other assets | (567) | 1,607 |
| Net increase in other liabilities | 455 | 1,131 |
| Net cash provided by operating activities | 24,095 | 8,823 |
| Cash flows from investing activities | ||
| Net decrease in long-term interest-earning deposits in other banks | 249 | 250 |
| Proceeds from maturities, calls and pay-downs of securities available for sale | 17,214 | 19,643 |
| Purchase of investment securities available for sale | (1,203) | — |
| Decrease in restricted stock | — | 10 |
| Net increase in loans | (11,642) | (58,135) |
| Proceeds from surrender of life insurance policies | 1,306 | — |
| Proceeds from sale of equity securities | — | 161 |
| Proceeds from sale of premises | 830 | — |
| Capital expenditures | (116) | (246) |
| Net cash provided by (used in) investing activities | 6,638 | (38,317) |
| Cash flows from financing activities | ||
| Net increase in demand deposits, interest-bearing checking, and savings accounts | 39,703 | 56,305 |
| Net increase (decrease) in time deposits | 14,235 | (4,375) |
| Dividends paid | (1,480) | (1,418) |
| Purchase of Treasury shares | (405) | (142) |
| Cash received from option exercises | 6 | 23 |
| Treasury shares issued under dividend reinvestment plan | 264 | 444 |
| Net cash provided by financing activities | 52,323 | 50,837 |
| Increase in cash and cash equivalents | 83,056 | 21,343 |
| Cash and cash equivalents at the beginning of the period | 127,721 | 203,613 |
| Cash and cash equivalents at the end of the period | $210,777 | $224,956 |
| Supplemental Disclosures of Cash Flow Information | ||
| Cash paid during the period for: | ||
| Interest on deposits and other borrowed funds | $9,303 | $12,146 |
| Noncash Activities | ||
| Lease liabilities arising from obtaining right-of-use assets | 692 | 131 |
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