$FRAF
FRANKLIN FINANCIAL SERVICES CORP /PA/

2022 Q1 Form 10-Q Financial Statement

#000072364622000042 Filed on May 13, 2022

View on sec.gov

Income Statement

Concept 2022 Q1 2021 Q1
Revenue $11.53M $11.59M
YoY Change -0.5% -0.63%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development $92.00K $129.0K
YoY Change -28.68% 22.86%
% of Gross Profit
Depreciation & Amortization $267.0K $320.0K
YoY Change -16.56% -3.03%
% of Gross Profit
Operating Expenses $92.00K $129.0K
YoY Change -28.68% 22.86%
Operating Profit
YoY Change
Interest Expense $726.0K $748.0K
YoY Change -2.94% -47.06%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income $3.426M $5.706M
YoY Change -39.96% 253.75%
Income Tax $414.0K $876.0K
% Of Pretax Income 12.08% 15.35%
Net Earnings $3.012M $4.830M
YoY Change -37.64% 180.98%
Net Earnings / Revenue 26.11% 41.67%
Basic Earnings Per Share $0.68 $1.10
Diluted Earnings Per Share $0.67 $1.09
COMMON SHARES
Basic Shares Outstanding 4.446M 4.396M
Diluted Shares Outstanding 4.470M 4.415M

Balance Sheet

Concept 2022 Q1 2021 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $173.7M $107.6M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets
YoY Change
LONG-TERM ASSETS
Property, Plant & Equipment $23.20M $12.97M
YoY Change 78.85% -5.44%
Goodwill $9.016M $9.016M
YoY Change 0.0% 0.0%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $9.135M $6.100M
YoY Change 49.75% 69.44%
Total Long-Term Assets
YoY Change
TOTAL ASSETS
Total Short-Term Assets
Total Long-Term Assets
Total Assets $1.767B $1.598B
YoY Change 10.61% 26.58%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable
YoY Change
Accrued Expenses $4.763M $5.200M
YoY Change -8.4% 0.0%
Deferred Revenue
YoY Change
Short-Term Debt
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $4.763M $5.200M
YoY Change -8.4% 0.0%
LONG-TERM LIABILITIES
Long-Term Debt $19.60M $19.60M
YoY Change -0.01%
Other Long-Term Liabilities $9.178M $11.00M
YoY Change -16.56% 4.76%
Total Long-Term Liabilities $28.78M $30.60M
YoY Change -5.96% 191.43%
TOTAL LIABILITIES
Total Short-Term Liabilities $4.763M $5.200M
Total Long-Term Liabilities $28.78M $30.60M
Total Liabilities $1.630B $1.457B
YoY Change 11.88% 28.57%
SHAREHOLDERS EQUITY
Retained Earnings $118.2M $106.0M
YoY Change 11.48% 11.19%
Common Stock $47.79M $47.22M
YoY Change 1.19% 0.26%
Preferred Stock
YoY Change
Treasury Stock (at cost) $6.411M $7.391M
YoY Change -13.26% -18.74%
Treasury Stock Shares $254.1K $303.3K
Shareholders Equity $137.1M $140.7M
YoY Change
Total Liabilities & Shareholders Equity $1.767B $1.598B
YoY Change 10.61% 26.58%

Cashflow Statement

Concept 2022 Q1 2021 Q1
OPERATING ACTIVITIES
Net Income $3.012M $4.830M
YoY Change -37.64% 180.98%
Depreciation, Depletion And Amortization $267.0K $320.0K
YoY Change -16.56% -3.03%
Cash From Operating Activities $4.446M $10.45M
YoY Change -57.45% 319.47%
INVESTING ACTIVITIES
Capital Expenditures -$4.261M -$170.0K
YoY Change 2406.47% 0.0%
Acquisitions
YoY Change
Other Investing Activities -$12.54M -$25.28M
YoY Change -50.4% 10.2%
Cash From Investing Activities -$16.80M -$25.44M
YoY Change -33.97% 10.09%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $20.00K $13.00K
YoY Change 53.85% -98.89%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 10.91M 65.47M
YoY Change -83.33% -764.13%
NET CHANGE
Cash From Operating Activities 4.446M 10.45M
Cash From Investing Activities -16.80M -25.44M
Cash From Financing Activities 10.91M 65.47M
Net Change In Cash -1.440M 50.48M
YoY Change -102.85% -265.61%
FREE CASH FLOW
Cash From Operating Activities $4.446M $10.45M
Capital Expenditures -$4.261M -$170.0K
Free Cash Flow $8.707M $10.62M
YoY Change -18.01% 299.06%

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CY2022Q1 us-gaap Net Income Loss
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CY2022Q1 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
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CY2022Q1 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
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CY2022Q1 us-gaap Dividends Common Stock Cash
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1421000
CY2022Q1 us-gaap Treasury Stock Value Acquired Cost Method
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CY2022Q1 us-gaap Stock Issued During Period Value Dividend Reinvestment Plan
StockIssuedDuringPeriodValueDividendReinvestmentPlan
314000
CY2022Q1 us-gaap Stock Issued During Period Value Employee Stock Purchase Plan
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CY2022Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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70000
CY2022Q1 us-gaap Stockholders Equity
StockholdersEquity
137136000
CY2020Q4 us-gaap Stockholders Equity
StockholdersEquity
145176000
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CY2021Q1 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
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CY2021Q1 us-gaap Dividends Common Stock Cash
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1318000
CY2021Q1 us-gaap Treasury Stock Value Acquired Cost Method
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13000
CY2021Q1 us-gaap Stock Issued During Period Value Dividend Reinvestment Plan
StockIssuedDuringPeriodValueDividendReinvestmentPlan
325000
CY2021Q1 us-gaap Stock Issued During Period Value Employee Stock Purchase Plan
StockIssuedDuringPeriodValueEmployeeStockPurchasePlan
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CY2021Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
48000
CY2021Q1 us-gaap Stockholders Equity
StockholdersEquity
140699000
CY2022Q1 us-gaap Net Income Loss
NetIncomeLoss
3012000
CY2021Q1 us-gaap Net Income Loss
NetIncomeLoss
4830000
CY2022Q1 us-gaap Depreciation And Amortization
DepreciationAndAmortization
267000
CY2021Q1 us-gaap Depreciation And Amortization
DepreciationAndAmortization
324000
CY2022Q1 fraf Net Amortization Of Loans And Investment Securities
NetAmortizationOfLoansAndInvestmentSecurities
711000
CY2021Q1 fraf Net Amortization Of Loans And Investment Securities
NetAmortizationOfLoansAndInvestmentSecurities
124000
CY2022Q1 fraf Amortization Of Subordinate Debt Issuance Costs
AmortizationOfSubordinateDebtIssuanceCosts
10000
CY2021Q1 fraf Amortization Of Subordinate Debt Issuance Costs
AmortizationOfSubordinateDebtIssuanceCosts
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CY2021Q1 us-gaap Provision For Loan And Lease Losses
ProvisionForLoanAndLeaseLosses
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CY2022Q1 fraf Change In Fair Value Of Equity Securities
ChangeInFairValueOfEquitySecurities
11000
CY2021Q1 fraf Change In Fair Value Of Equity Securities
ChangeInFairValueOfEquitySecurities
54000
CY2022Q1 us-gaap Payments For Origination Of Mortgage Loans Held For Sale
PaymentsForOriginationOfMortgageLoansHeldForSale
14086000
CY2021Q1 us-gaap Payments For Origination Of Mortgage Loans Held For Sale
PaymentsForOriginationOfMortgageLoansHeldForSale
28992000
CY2022Q1 us-gaap Proceeds From Sale Of Loans Held For Sale
ProceedsFromSaleOfLoansHeldForSale
14025000
CY2021Q1 us-gaap Proceeds From Sale Of Loans Held For Sale
ProceedsFromSaleOfLoansHeldForSale
34521000
CY2022Q1 us-gaap Gain Loss On Sale Of Loans And Leases
GainLossOnSaleOfLoansAndLeases
254000
CY2021Q1 us-gaap Gain Loss On Sale Of Loans And Leases
GainLossOnSaleOfLoansAndLeases
782000
CY2022Q1 us-gaap Bank Owned Life Insurance Income
BankOwnedLifeInsuranceIncome
108000
CY2021Q1 us-gaap Bank Owned Life Insurance Income
BankOwnedLifeInsuranceIncome
115000
CY2022Q1 fraf Decrease Increase In Fair Value Of Derivative
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CY2021Q1 fraf Decrease Increase In Fair Value Of Derivative
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CY2022Q1 us-gaap Share Based Compensation
ShareBasedCompensation
70000
CY2021Q1 us-gaap Share Based Compensation
ShareBasedCompensation
48000
CY2022Q1 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
581000
CY2021Q1 us-gaap Increase Decrease In Other Operating Assets
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CY2022Q1 us-gaap Increase Decrease In Other Operating Liabilities
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1399000
CY2021Q1 us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
667000
CY2022Q1 us-gaap Net Cash Provided By Used In Operating Activities
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4446000
CY2021Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
10449000
CY2022Q1 us-gaap Proceeds From Payments For In Interest Bearing Deposits In Banks
ProceedsFromPaymentsForInInterestBearingDepositsInBanks
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CY2021Q1 us-gaap Proceeds From Payments For In Interest Bearing Deposits In Banks
ProceedsFromPaymentsForInInterestBearingDepositsInBanks
1746000
CY2022Q1 fraf Proceeds From Maturities And Pay Downs Of Securities Available For Sale
ProceedsFromMaturitiesAndPayDownsOfSecuritiesAvailableForSale
1227000
CY2021Q1 fraf Proceeds From Maturities And Pay Downs Of Securities Available For Sale
ProceedsFromMaturitiesAndPayDownsOfSecuritiesAvailableForSale
9367000
CY2022Q1 us-gaap Payments To Acquire Available For Sale Securities Debt
PaymentsToAcquireAvailableForSaleSecuritiesDebt
11525000
CY2021Q1 us-gaap Payments To Acquire Available For Sale Securities Debt
PaymentsToAcquireAvailableForSaleSecuritiesDebt
45827000
CY2022Q1 us-gaap Increase Decrease Of Restricted Investments
IncreaseDecreaseOfRestrictedInvestments
12000
CY2022Q1 us-gaap Payments For Proceeds From Loans And Leases
PaymentsForProceedsFromLoansAndLeases
1978000
CY2021Q1 us-gaap Payments For Proceeds From Loans And Leases
PaymentsForProceedsFromLoansAndLeases
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CY2022Q1 us-gaap Payments For Proceeds From Productive Assets
PaymentsForProceedsFromProductiveAssets
4261000
CY2021Q1 us-gaap Payments For Proceeds From Productive Assets
PaymentsForProceedsFromProductiveAssets
168000
CY2022Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
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CY2021Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
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CY2022Q1 fraf Net Increase In Demand Deposits Interest Bearing Checking And Savings Accounts
NetIncreaseInDemandDepositsInterestBearingCheckingAndSavingsAccounts
17029000
CY2021Q1 fraf Net Increase In Demand Deposits Interest Bearing Checking And Savings Accounts
NetIncreaseInDemandDepositsInterestBearingCheckingAndSavingsAccounts
69285000
CY2022Q1 us-gaap Increase Decrease In Time Deposits
IncreaseDecreaseInTimeDeposits
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CY2021Q1 us-gaap Increase Decrease In Time Deposits
IncreaseDecreaseInTimeDeposits
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CY2022Q1 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
1421000
CY2021Q1 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
1318000
CY2022Q1 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
20000
CY2021Q1 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
13000
CY2022Q1 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
13000
CY2021Q1 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
7000
CY2022Q1 fraf Proceeds To Stock Plans
ProceedsToStockPlans
314000
CY2021Q1 fraf Proceeds To Stock Plans
ProceedsToStockPlans
325000
CY2022Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
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CY2021Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
65470000
CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
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CY2021Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
50476000
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
175149000
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
57146000
CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
173709000
CY2021Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
107622000
CY2022Q1 us-gaap Interest Paid Net
InterestPaidNet
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CY2021Q1 us-gaap Interest Paid Net
InterestPaidNet
513000
CY2022Q1 fraf Recognition Of Operating Lease Right Of Use Asset
RecognitionOfOperatingLeaseRightOfUseAsset
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CY2022Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
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CY2021Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
4396000
CY2022Q1 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
24000
CY2021Q1 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
19000
CY2022Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
4470000
CY2021Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
4415000
CY2022Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
30000
CY2021Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
61000
CY2022Q1 us-gaap Net Income Loss
NetIncomeLoss
3012000
CY2021Q1 us-gaap Net Income Loss
NetIncomeLoss
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CY2022Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
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CY2021Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
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CY2022Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
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CY2021Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
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CY2022Q1 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
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CY2021Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
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CY2022Q1 us-gaap Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
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CY2022Q1 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
1008000
CY2022Q1 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
24632000
CY2022Q1 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
511477000
CY2021Q4 us-gaap Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
525717000
CY2021Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
8760000
CY2021Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
4666000
CY2021Q4 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
529811000
CY2022Q1 fraf Number Of Investments In Single Issuer Exceeding Benchmark
NumberOfInvestmentsInSingleIssuerExceedingBenchmark
0
CY2022Q1 fraf Percent Of Shareholders Equity Benchmark For Investments In Single Issuers
PercentOfShareholdersEquityBenchmarkForInvestmentsInSingleIssuers
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CY2022Q1 us-gaap Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
535101000
CY2022Q1 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
511477000
CY2022Q1 us-gaap Debt Securities Available For Sale Unrealized Loss Position Number Of Positions
DebtSecuritiesAvailableForSaleUnrealizedLossPositionNumberOfPositions
464
CY2022Q1 us-gaap Debt Securities Available For Sale Unrealized Loss Position
DebtSecuritiesAvailableForSaleUnrealizedLossPosition
442000000.0
CY2022Q1 us-gaap Debt Securities Available For Sale Unrealized Loss Position Accumulated Loss
DebtSecuritiesAvailableForSaleUnrealizedLossPositionAccumulatedLoss
24600000
CY2022Q1 fraf Debt Securities Available For Sale Unrealized Loss Position Increase Over Prior Year
DebtSecuritiesAvailableForSaleUnrealizedLossPositionIncreaseOverPriorYear
20000000.0
CY2022Q1 fraf Number Of Bond Issuers
NumberOfBondIssuers
203
CY2022Q1 fraf General Obligation Bonds
GeneralObligationBonds
0.63
CY2022Q1 fraf Number Of Bonds Below Investment Grade
NumberOfBondsBelowInvestmentGrade
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CY2022Q1 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12Months
389669000
CY2022Q1 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months Accumulated Loss
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss
20095000
CY2022Q1 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months Number Of Positions
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12MonthsNumberOfPositions
403
CY2022Q1 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLonger
52372000
CY2022Q1 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer Accumulated Loss
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss
4537000
CY2022Q1 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer Number Of Positions
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLongerNumberOfPositions
61
CY2022Q1 us-gaap Debt Securities Available For Sale Unrealized Loss Position
DebtSecuritiesAvailableForSaleUnrealizedLossPosition
442041000
CY2022Q1 us-gaap Debt Securities Available For Sale Unrealized Loss Position Accumulated Loss
DebtSecuritiesAvailableForSaleUnrealizedLossPositionAccumulatedLoss
24632000
CY2022Q1 us-gaap Debt Securities Available For Sale Unrealized Loss Position Number Of Positions
DebtSecuritiesAvailableForSaleUnrealizedLossPositionNumberOfPositions
464
CY2021Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12Months
236472000
CY2021Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months Accumulated Loss
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss
3624000
CY2021Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months Number Of Positions
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12MonthsNumberOfPositions
187
CY2021Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLonger
35053000
CY2021Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer Accumulated Loss
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss
1042000
CY2021Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer Number Of Positions
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLongerNumberOfPositions
40
CY2021Q4 us-gaap Debt Securities Available For Sale Unrealized Loss Position
DebtSecuritiesAvailableForSaleUnrealizedLossPosition
271525000
CY2021Q4 us-gaap Debt Securities Available For Sale Unrealized Loss Position Accumulated Loss
DebtSecuritiesAvailableForSaleUnrealizedLossPositionAccumulatedLoss
4666000
CY2021Q4 us-gaap Debt Securities Available For Sale Unrealized Loss Position Number Of Positions
DebtSecuritiesAvailableForSaleUnrealizedLossPositionNumberOfPositions
227
CY2021Q4 us-gaap Other Than Temporary Impairment Credit Losses Recognized In Earnings Credit Losses On Debt Securities Held
OtherThanTemporaryImpairmentCreditLossesRecognizedInEarningsCreditLossesOnDebtSecuritiesHeld
257000
CY2020Q4 us-gaap Other Than Temporary Impairment Credit Losses Recognized In Earnings Credit Losses On Debt Securities Held
OtherThanTemporaryImpairmentCreditLossesRecognizedInEarningsCreditLossesOnDebtSecuritiesHeld
272000
CY2021Q1 us-gaap Other Than Temporary Impairment Credit Losses Recognized In Earnings Reductions Change In Status
OtherThanTemporaryImpairmentCreditLossesRecognizedInEarningsReductionsChangeInStatus
15000
CY2022Q1 us-gaap Other Than Temporary Impairment Credit Losses Recognized In Earnings Credit Losses On Debt Securities Held
OtherThanTemporaryImpairmentCreditLossesRecognizedInEarningsCreditLossesOnDebtSecuritiesHeld
257000
CY2021Q1 us-gaap Other Than Temporary Impairment Credit Losses Recognized In Earnings Credit Losses On Debt Securities Held
OtherThanTemporaryImpairmentCreditLossesRecognizedInEarningsCreditLossesOnDebtSecuritiesHeld
257000
CY2022Q1 us-gaap Equity Securities Fv Ni
EquitySecuritiesFvNi
492000
CY2021Q4 us-gaap Equity Securities Fv Ni
EquitySecuritiesFvNi
481000
CY2022Q1 fraf Ppp Program Guarantee Percentage
PppProgramGuaranteePercentage
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CY2022Q1 fraf Ppp Program Interest Rate
PppProgramInterestRate
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CY2022Q1 fraf Ppp Program Guarantee Percentage
PppProgramGuaranteePercentage
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CY2022Q1 us-gaap Loans And Leases Receivable Gross Carrying Amount
LoansAndLeasesReceivableGrossCarryingAmount
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CY2021Q4 us-gaap Loans And Leases Receivable Gross Carrying Amount
LoansAndLeasesReceivableGrossCarryingAmount
998812000
CY2022Q1 us-gaap Loans And Leases Receivable Allowance
LoansAndLeasesReceivableAllowance
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CY2021Q4 us-gaap Loans And Leases Receivable Allowance
LoansAndLeasesReceivableAllowance
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CY2022Q1 us-gaap Loans And Leases Receivable Net Reported Amount
LoansAndLeasesReceivableNetReportedAmount
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CY2021Q4 us-gaap Loans And Leases Receivable Net Reported Amount
LoansAndLeasesReceivableNetReportedAmount
983746000
CY2022Q1 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
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CY2021Q4 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
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CY2022Q1 us-gaap Pledged Assets Separately Reported Loans Pledged For Federal Home Loan Bank At Fair Value
PledgedAssetsSeparatelyReportedLoansPledgedForFederalHomeLoanBankAtFairValue
605267000
CY2021Q4 us-gaap Pledged Assets Separately Reported Loans Pledged For Federal Home Loan Bank At Fair Value
PledgedAssetsSeparatelyReportedLoansPledgedForFederalHomeLoanBankAtFairValue
614828000
CY2022Q1 us-gaap Pledged Assets Separately Reported Loans Pledged As Collateral At Fair Value
PledgedAssetsSeparatelyReportedLoansPledgedAsCollateralAtFairValue
52480000
CY2021Q4 us-gaap Pledged Assets Separately Reported Loans Pledged As Collateral At Fair Value
PledgedAssetsSeparatelyReportedLoansPledgedAsCollateralAtFairValue
45453000
CY2022Q1 us-gaap Loans Pledged As Collateral
LoansPledgedAsCollateral
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CY2021Q4 us-gaap Loans Pledged As Collateral
LoansPledgedAsCollateral
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CY2021Q4 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
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CY2022Q1 us-gaap Financing Receivable Allowance For Credit Losses Write Offs
FinancingReceivableAllowanceForCreditLossesWriteOffs
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CY2022Q1 us-gaap Financing Receivable Allowance For Credit Losses Recovery
FinancingReceivableAllowanceForCreditLossesRecovery
29000
CY2022Q1 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
15050000
CY2020Q4 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
16789000
CY2021Q1 us-gaap Financing Receivable Allowance For Credit Losses Write Offs
FinancingReceivableAllowanceForCreditLossesWriteOffs
36000
CY2021Q1 us-gaap Financing Receivable Allowance For Credit Losses Recovery
FinancingReceivableAllowanceForCreditLossesRecovery
183000
CY2021Q1 us-gaap Provision For Loan And Lease Losses
ProvisionForLoanAndLeaseLosses
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CY2021Q1 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
16136000
CY2022Q1 us-gaap Financing Receivable Individually Evaluated For Impairment
FinancingReceivableIndividuallyEvaluatedForImpairment
11366000
CY2022Q1 us-gaap Financing Receivable Collectively Evaluated For Impairment
FinancingReceivableCollectivelyEvaluatedForImpairment
989611000
CY2022Q1 us-gaap Loans And Leases Receivable Gross Carrying Amount
LoansAndLeasesReceivableGrossCarryingAmount
1000977000
CY2022Q1 us-gaap Financing Receivable Allowance For Credit Losses Individually Evaluated For Impairment1
FinancingReceivableAllowanceForCreditLossesIndividuallyEvaluatedForImpairment1
662000
CY2022Q1 us-gaap Financing Receivable Allowance For Credit Losses Collectively Evaluated For Impairment
FinancingReceivableAllowanceForCreditLossesCollectivelyEvaluatedForImpairment
14388000
CY2022Q1 us-gaap Loans And Leases Receivable Allowance
LoansAndLeasesReceivableAllowance
15050000
CY2021Q4 us-gaap Financing Receivable Individually Evaluated For Impairment
FinancingReceivableIndividuallyEvaluatedForImpairment
11605000
CY2021Q4 us-gaap Financing Receivable Collectively Evaluated For Impairment
FinancingReceivableCollectivelyEvaluatedForImpairment
987207000
CY2021Q4 us-gaap Loans And Leases Receivable Gross Carrying Amount
LoansAndLeasesReceivableGrossCarryingAmount
998812000
CY2021Q4 us-gaap Financing Receivable Allowance For Credit Losses Individually Evaluated For Impairment1
FinancingReceivableAllowanceForCreditLossesIndividuallyEvaluatedForImpairment1
698000
CY2021Q4 us-gaap Financing Receivable Allowance For Credit Losses Collectively Evaluated For Impairment
FinancingReceivableAllowanceForCreditLossesCollectivelyEvaluatedForImpairment
14368000
CY2021Q4 us-gaap Loans And Leases Receivable Allowance
LoansAndLeasesReceivableAllowance
15066000
CY2022Q1 us-gaap Impaired Financing Receivable With No Related Allowance Recorded Investment
ImpairedFinancingReceivableWithNoRelatedAllowanceRecordedInvestment
5824000
CY2022Q1 us-gaap Impaired Financing Receivable With No Related Allowance Unpaid Principal Balance
ImpairedFinancingReceivableWithNoRelatedAllowanceUnpaidPrincipalBalance
6406000
CY2022Q1 us-gaap Impaired Financing Receivable With Related Allowance Recorded Investment
ImpairedFinancingReceivableWithRelatedAllowanceRecordedInvestment
5542000
CY2022Q1 us-gaap Impaired Financing Receivable With Related Allowance Unpaid Principal Balance
ImpairedFinancingReceivableWithRelatedAllowanceUnpaidPrincipalBalance
5796000
CY2022Q1 us-gaap Impaired Financing Receivable Related Allowance
ImpairedFinancingReceivableRelatedAllowance
662000
CY2021Q4 us-gaap Impaired Financing Receivable With No Related Allowance Recorded Investment
ImpairedFinancingReceivableWithNoRelatedAllowanceRecordedInvestment
6027000
CY2021Q4 us-gaap Impaired Financing Receivable With No Related Allowance Unpaid Principal Balance
ImpairedFinancingReceivableWithNoRelatedAllowanceUnpaidPrincipalBalance
6795000
CY2021Q4 us-gaap Impaired Financing Receivable With Related Allowance Recorded Investment
ImpairedFinancingReceivableWithRelatedAllowanceRecordedInvestment
5578000
CY2021Q4 us-gaap Impaired Financing Receivable With Related Allowance Unpaid Principal Balance
ImpairedFinancingReceivableWithRelatedAllowanceUnpaidPrincipalBalance
5764000
CY2021Q4 us-gaap Impaired Financing Receivable Related Allowance
ImpairedFinancingReceivableRelatedAllowance
698000
CY2022Q1 us-gaap Impaired Financing Receivable Average Recorded Investment
ImpairedFinancingReceivableAverageRecordedInvestment
11335000
CY2022Q1 us-gaap Impaired Financing Receivable Interest Income Accrual Method
ImpairedFinancingReceivableInterestIncomeAccrualMethod
50000
CY2021Q1 us-gaap Impaired Financing Receivable Average Recorded Investment
ImpairedFinancingReceivableAverageRecordedInvestment
17189000
CY2021Q1 us-gaap Impaired Financing Receivable Interest Income Accrual Method
ImpairedFinancingReceivableInterestIncomeAccrualMethod
99000
CY2022Q1 fraf Loan Deferral Or Modification Granted Amount
LoanDeferralOrModificationGrantedAmount
38000.0
CY2021Q4 fraf Loan Deferral Or Modification Granted Amount
LoanDeferralOrModificationGrantedAmount
38000.0
CY2022Q1 us-gaap Financing Receivable Recorded Investment Nonaccrual Status
FinancingReceivableRecordedInvestmentNonaccrualStatus
7396000
CY2022Q1 us-gaap Loans And Leases Receivable Gross Carrying Amount
LoansAndLeasesReceivableGrossCarryingAmount
1000977000
CY2021Q4 us-gaap Financing Receivable Recorded Investment Nonaccrual Status
FinancingReceivableRecordedInvestmentNonaccrualStatus
7384000
CY2021Q4 us-gaap Loans And Leases Receivable Gross Carrying Amount
LoansAndLeasesReceivableGrossCarryingAmount
998812000
CY2022Q1 us-gaap Loans And Leases Receivable Gross Carrying Amount
LoansAndLeasesReceivableGrossCarryingAmount
1000977000
CY2021Q4 us-gaap Loans And Leases Receivable Gross Carrying Amount
LoansAndLeasesReceivableGrossCarryingAmount
998812000
CY2022Q1 fraf Financing Receivable Modifications Number Of Contracts3
FinancingReceivableModificationsNumberOfContracts3
17
CY2022Q1 us-gaap Financing Receivable Modifications Recorded Investment
FinancingReceivableModificationsRecordedInvestment
5362000
CY2021Q4 fraf Financing Receivable Modifications Number Of Contracts3
FinancingReceivableModificationsNumberOfContracts3
17
CY2021Q4 us-gaap Financing Receivable Modifications Recorded Investment
FinancingReceivableModificationsRecordedInvestment
5564000
CY2022Q1 us-gaap Operating Lease Cost
OperatingLeaseCost
173000
CY2021Q1 us-gaap Operating Lease Cost
OperatingLeaseCost
174000
CY2022Q1 us-gaap Short Term Lease Cost
ShortTermLeaseCost
123000
CY2022Q1 us-gaap Variable Lease Cost
VariableLeaseCost
25000
CY2021Q1 us-gaap Variable Lease Cost
VariableLeaseCost
24000
CY2022Q1 us-gaap Lease Cost
LeaseCost
321000
CY2021Q1 us-gaap Lease Cost
LeaseCost
198000
CY2022Q1 us-gaap Operating Lease Payments
OperatingLeasePayments
166000
CY2021Q1 us-gaap Operating Lease Payments
OperatingLeasePayments
162000
CY2022Q1 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P10Y9M18D
CY2022Q1 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P10Y9M18D
CY2021Q1 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P11Y6M
CY2022Q1 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0337
CY2021Q1 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0334
CY2022Q1 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
487000
CY2022Q1 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
660000
CY2022Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
639000
CY2022Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
588000
CY2022Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
479000
CY2022Q1 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
2917000
CY2022Q1 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
5770000
CY2022Q1 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
1007000
CY2022Q1 us-gaap Operating Lease Liability
OperatingLeaseLiability
4763000
CY2021Q4 us-gaap Other Real Estate
OtherRealEstate
0
CY2022Q1 us-gaap Other Real Estate
OtherRealEstate
0
CY2022Q1 us-gaap Derivative Fair Value Of Derivative Net
DerivativeFairValueOfDerivativeNet
13000
CY2022Q1 us-gaap Defined Benefit Plan Service Cost
DefinedBenefitPlanServiceCost
86000
CY2021Q1 us-gaap Defined Benefit Plan Service Cost
DefinedBenefitPlanServiceCost
99000
CY2022Q1 us-gaap Defined Benefit Plan Interest Cost
DefinedBenefitPlanInterestCost
168000
CY2021Q1 us-gaap Defined Benefit Plan Interest Cost
DefinedBenefitPlanInterestCost
87000
CY2022Q1 us-gaap Defined Benefit Plan Expected Return On Plan Assets
DefinedBenefitPlanExpectedReturnOnPlanAssets
249000
CY2021Q1 us-gaap Defined Benefit Plan Expected Return On Plan Assets
DefinedBenefitPlanExpectedReturnOnPlanAssets
274000
CY2021Q1 us-gaap Defined Benefit Plan Recognized Net Gain Loss Due To Settlements1
DefinedBenefitPlanRecognizedNetGainLossDueToSettlements1
-108000
CY2022Q1 fraf Defined Benefit Plan Recognized Net Actuarial Gain Loss
DefinedBenefitPlanRecognizedNetActuarialGainLoss
-150000
CY2021Q1 fraf Defined Benefit Plan Recognized Net Actuarial Gain Loss
DefinedBenefitPlanRecognizedNetActuarialGainLoss
-285000
CY2022Q1 us-gaap Defined Benefit Plan Net Periodic Benefit Cost
DefinedBenefitPlanNetPeriodicBenefitCost
155000
CY2021Q1 us-gaap Defined Benefit Plan Net Periodic Benefit Cost
DefinedBenefitPlanNetPeriodicBenefitCost
305000
CY2022Q1 fraf Charge Offs On Impaired Loans
ChargeOffsOnImpairedLoans
0
CY2022Q1 us-gaap Derivative Liabilities
DerivativeLiabilities
13000
CY2021Q4 us-gaap Derivative Liabilities
DerivativeLiabilities
21000
CY2022Q1 us-gaap Liabilities Fair Value Disclosure
LiabilitiesFairValueDisclosure
0
CY2022Q1 us-gaap Fair Value Assets Level1 To Level2 Transfers Amount
FairValueAssetsLevel1ToLevel2TransfersAmount
0
CY2022Q1 us-gaap Fair Value Liabilities Level1 To Level2 Transfers Amount
FairValueLiabilitiesLevel1ToLevel2TransfersAmount
0
CY2022Q1 us-gaap Deferred Finance Costs Gross
DeferredFinanceCostsGross
402000000.0
CY2022Q1 fraf Debt Instrument Redemption Period
DebtInstrumentRedemptionPeriod
P5Y
CY2022Q1 fraf Capital Ratios Basel Iii Capital Conservation Buffer Year Three
CapitalRatiosBaselIiiCapitalConservationBufferYearThree
0.0250
CY2022Q1 fraf Capital Ratios Basel Iii Capital Conservation Buffer Year Three
CapitalRatiosBaselIiiCapitalConservationBufferYearThree
0.0250
CY2021 fraf Community Bank Leverage Ratio Minimum
CommunityBankLeverageRatioMinimum
0.09
CY2022Q1 fraf Consolidated Asset Limit On Small Bank Holding Companies
ConsolidatedAssetLimitOnSmallBankHoldingCompanies
3000000000.0
CY2022Q1 fraf Estate Management Services Fees Recognition Period
EstateManagementServicesFeesRecognitionPeriod
P18M
CY2018Q2 fraf Off Balance Sheet Reserves
OffBalanceSheetReserves
2400000
CY2020Q1 fraf Letters Of Credit Cancelled
LettersOfCreditCancelled
250000
CY2021Q2 fraf Letters Of Credit Cancelled
LettersOfCreditCancelled
636000
CY2022Q1 fraf Off Balance Sheet Reserves
OffBalanceSheetReserves
1500000
CY2022Q1 us-gaap Reclassifications
Reclassifications
<span style="white-space:pre-wrap; font-family: 'Times New Roman', 'serif';font-size: 11pt;font-style: normal;font-weight: bold;margin: 0;padding: 0;">Note 16. Reclassification</span><p dir="ltr" style="font-family: 'Times New Roman', 'serif';font-size: 11pt;line-height: 108%;margin-bottom: 0;margin-left: 0;margin-right: 0;margin-top: 0;text-align: justify;text-indent: 0.25in;"><span style="white-space:pre-wrap; font-family: 'Times New Roman', 'serif';font-size: 11pt;font-style: normal;font-weight: normal;margin: 0;padding: 0;">Certain prior period amounts may have been reclassified to conform to the current year presentation. Such reclassifications did not affect prior year net income or shareholders’ equity</span><span style="white-space:pre-wrap; font-family: 'Times New Roman', 'serif';font-size: 9pt;font-style: normal;font-weight: normal;margin: 0;padding: 0;">.</span></p>

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