Franklin Financial Services Corporation FRAF Unamortized Discount and Issuance Costs
Unamortized Discount and Issuance Costs at other companies
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Where this comes from
Reported directly by Franklin Financial Services Corporation in its filing.
Tagged under the XBRL concept us-gaap:DeferredFinanceCostsGross.
The source filing: Franklin Financial Services Corporation’s 10-Q, filed May 11, 2026.
- Filed
- May 11, 2026, 4:11 PM EDT
- Fiscal quarter
- Q1 FY2026
- Calendar quarter
- Q1 2026
- Accession
- 0000723646-26-000055
On March 31, 2026, the Corporation had $11.0 million of unsecured subordinated debt notes payable of which $6.0 million mature on September 1, 2030 and $5.0 million mature on September 1, 2035. The notes are recorded on the consolidated balance sheet net of remaining debt issuance costs totaling $150 thousand which is being amortized on a pro-rata basis, based on the maturity date of the notes, on an effective interest method. The subordinated notes totaling $6.0 million have a variable interest rate of 90-day Average Secured Overnight Financing Rate (SOFR) plus 4.93% and resets quarterly. The subordinated notes totaling $5.0 million have a fixed interest rate of 5.25% through June 29, 2030, then convert to a variable rate of 90-day SOFR plus 4.92% for the applicable interest periods through maturity. The Corporation may, at its option, redeem the notes at par, in whole or in part, at any time 5-years prior to the maturity. The notes are structured to qualify as Tier 2 Capital for the Corporation and there are no debt covenants on the notes.
Item 1F. Financial Statements Consolidated Balance Sheets
FAQ
- What is Franklin Financial Services Corporation's unamortized discount and issuance costs?
- Franklin Financial Services Corporation (FRAF) reported unamortized discount and issuance costs of $150K in Q1 2026.
- How has Franklin Financial Services Corporation's unamortized discount and issuance costs changed year-over-year?
- Franklin Financial Services Corporation's unamortized discount and issuance costs decreased by 99.9% year-over-year, from $290M to $150K.
- What is the long-term trend for Franklin Financial Services Corporation's unamortized discount and issuance costs?
- Over 4 years (2021 to 2025), Franklin Financial Services Corporation's unamortized discount and issuance costs has grown at a -21.7% compound annual growth rate (CAGR), from $412K to $155K.
- What does unamortized discount and issuance costs mean?
- This represents the net balance of unamortized discounts, premiums, and direct costs associated with the issuance of debt instruments. These amounts are amortized over the life of the debt to reflect the effective interest expense. Tracking this metric is important for understanding the true cost of borrowing and the impact of debt issuance on the balance sheet.
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