Franklin Financial Services (Franklin Financial Services) Credit Losses Provision : $2.65 Mil (As of Dec. 2023)

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What is Franklin Financial Services Credit Losses Provision?

Franklin Financial Services's credit losses provision for the three months ended in Dec. 2023 was $0.79 Mil. Its credit losses provision for the trailing twelve months (TTM) ended in Dec. 2023 was $2.65 Mil.

Franklin Financial Services's quarterly credit losses provision increased from Jun. 2023 ($0.53 Mil) to Sep. 2023 ($0.88 Mil) but then declined from Sep. 2023 ($0.88 Mil) to Dec. 2023 ($0.79 Mil).

Franklin Financial Services's annual credit losses provision increased from Dec. 2021 ($-2.10 Mil) to Dec. 2022 ($0.65 Mil) and increased from Dec. 2022 ($0.65 Mil) to Dec. 2023 ($2.72 Mil).

Franklin Financial Services Credit Losses Provision Historical Data

The historical data trend for Franklin Financial Services's Credit Losses Provision can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Franklin Financial Services Credit Losses Provision Chart

Franklin Financial Services Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Credit Losses Provision

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0.24

4.63

-2.10

0.65

2.72

Franklin Financial Services Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Credit Losses Provision	Get a 7-Day Free Trial															0.53	0.53	0.88	0.79	0.45

Franklin Financial Services Credit Losses Provision Calculation

For each period of operations, banks may reserve a portion of their income to cover the possible non-performing loans. The amount of the Credit Losses Provision is dependent on the management's estimate of the load quality they have. The higher Credit Losses Provision is, the lower banks' reported income in. This does not affect banks' cash flow statement.

Credit Losses Provision for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $2.65 Mil.

Franklin Financial Services (Franklin Financial Services) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Franklin Financial Services Corp (NAS:FRAF) » Definitions » Credit Losses Provision

Comparable Companies

Traded in Other Exchanges

N/A

Address

1500 Nitterhouse Drive, Chambersburg, PA, USA, 17201-0819

Website

https://www.franklinfin.com

Franklin Financial Services Corp is a bank holding company based in the United States. It is engaged in general commercial, retail banking and trust services normally associated with community banks. It offers a broad range of banking services to businesses, individuals, and governmental entities which includes accepting and maintaining checking, savings, and time deposit accounts, providing investment and trust services, making loans and providing safe deposit facilities. The bank also performs personal, corporate, pension and fiduciary services through its Investment and Trust Services Department.

Executives

Karen K Carmack	officer: SVP	1500 NITTERHOUSE DRIVE, CHAMBERSBURG PA 17201
Carroll Charles Benner Jr	officer: COO	1500 NITTERHOUSE DRIVE, CHAMBERSBURG PA 17201
Gregory A Duffey	director	1500 NITTERHOUSE DRIVE, CHAMBERSBURG PA 17201
Mark R Hollar	officer: CFO	1500 NITTERHOUSE DRIVE, CHAMBERSBURG PA 17201
Kimberly Rzomp	director	1500 NITTERHOUSE DRIVE, CHAMBERSBURG PA 17201
Timothy G Henry	officer: President	1500 NITTERHOUSE DRIVE, CHAMBERSBURG PA 17201
Jennings Allan E Jr	director	1500 NITTERHOUSE DRIVE, CHAMBERSBURG PA 17201-6010
Gregory I Snook	director	19419 PEARL DR., HAGERSTOWN MD 21742
Kevin W Craig	director	1500 NITTERHOUSE DRIVE, CHAMBERSBURG PA 17201
Patricia A Hanks	officer: SVP	20 SOUTH MAIN STREET, PO BOX 6010, CHAMBERSBURG PA 17201
Steven M Poynot	officer: COO	8004 BRIGHT LIGHT PLACE, ELLICOTT CITY MD 21043
David M Long	officer: SVP	1500 NITTERHOUSE DRIVE, CHAMBERSBURG PA 17201
Joseph C Lieb	officer: SVP	2 W. MULBERRY HILL ROAD, CARLISLE PA 17013
Louis J Giustini	officer: SVP	1500 NITTERHOUSE DRIVE, CHAMBERSBURG PA 17201
G Warren Elliott	director	1500 NITTERHOUSE DRIVE, CHAMBERSBURG PA 17201-6010