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Quarterly Results Of Operations
 12 Months Ended
Dec. 31, 2016
Quarterly Results Of Operations [Abstract]  
Quarterly Results Of Operations



Note 22. Quarterly Results of Operations (unaudited)

The following is a condensed summary of the quarterly results of consolidated operations of Franklin Financial for the years ended December 31, 2016 and 2015:





 

 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

 

 

(Dollars in thousands, except per share)

 

Three months ended



 

 

 

 

 

 

 

 

 

 

 

 

2016

 

March 31

 

June 30

 

September 30

 

December 31

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest income

 

$

 9,098 

 

$

 8,988 

 

$

 9,348 

 

$

 9,544 

Interest expense

 

 

 545 

 

 

 548 

 

 

 563 

 

 

 589 

Net interest income

 

 

 8,553 

 

 

 8,440 

 

 

 8,785 

 

 

 8,955 

Provision for loan losses

 

 

 300 

 

 

 1,875 

 

 

 1,150 

 

 

 450 

Other noninterest income

 

 

 2,981 

 

 

 2,854 

 

 

 2,813 

 

 

 2,984 

Securities (losses) gains

 

 

 (28)

 

 

 2 

 

 

 (10)

 

 

 8 

Noninterest expense

 

 

 7,795 

 

 

 7,730 

 

 

 7,980 

 

 

 9,670 

Income before income taxes

 

 

 3,411 

 

 

 1,691 

 

 

 2,458 

 

 

 1,827 

Federal income tax expense

 

 

 685 

 

 

 130 

 

 

 383 

 

 

 104 

Net Income

 

$

 2,726 

 

$

 1,561 

 

$

 2,075 

 

$

 1,723 

Basic earnings per share

 

$

 0.64 

 

$

 0.36 

 

$

 0.48 

 

$

 0.40 

Diluted earnings per share

 

$

 0.64 

 

$

 0.36 

 

$

 0.48 

 

$

 0.40 

Dividends declared per share

 

$

 0.19 

 

$

 0.21 

 

$

 0.21 

 

$

 0.21 







 

 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

 

 

(Dollars in thousands, except per share)

 

Three months ended



 

 

 

 

 

 

 

 

 

 

 

 

2015

 

March 31

 

June 30

 

September 30

 

December 31

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest income

 

$

 8,526 

 

$

 8,578 

 

$

 8,720 

 

$

 8,790 

Interest expense

 

 

 641 

 

 

 619 

 

 

 555 

 

 

 556 

Net interest income

 

 

 7,885 

 

 

 7,959 

 

 

 8,165 

 

 

 8,234 

Provision for loan losses

 

 

 325 

 

 

 310 

 

 

 400 

 

 

 250 

Other noninterest income

 

 

 2,934 

 

 

 3,108 

 

 

 2,733 

 

 

 3,150 

Securities gains (including gain on conversion)

 

 

 718 

 

 

 8 

 

 

 -

 

 

 -

Noninterest expense

 

 

 7,489 

 

 

 7,659 

 

 

 7,613 

 

 

 8,374 

Income before income taxes

 

 

 3,723 

 

 

 3,106 

 

 

 2,885 

 

 

 2,760 

Federal income tax expense

 

 

 839 

 

 

 632 

 

 

 306 

 

 

 493 

Net Income

 

$

 2,884 

 

$

 2,474 

 

$

 2,579 

 

$

 2,267 

Basic earnings per share

 

$

 0.68 

 

$

 0.58 

 

$

 0.61 

 

$

 0.53 

Diluted earnings per share

 

$

 0.68 

 

$

 0.58 

 

$

 0.61 

 

$

 0.53 

Dividends declared per share

 

$

 0.17 

 

$

 0.19 

 

$

 0.19 

 

$

 0.19 

 

Due to rounding, the sum of the quarters may not equal the amount reported for the year.