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1St Franklin Financial Corp (38723) SEC Filing 10-Q Quarterly Report for the period ending Thursday, March 31, 2022

1St Franklin Financial Corp

CIK: 836658
Document and Entity Information - $ / shares
3 Months Ended
Mar. 31, 2022
Mar. 31, 2022
Apr. 30, 2022
Registrant CIK 0000038723 
Fiscal Year End --12-31 
Document Type 10-Q 
Document Quarterly Report true 
Document Period End Date Mar. 31, 2022 
Document Transition Report false 
Securities Act File Number 2-27985 
Entity Registrant Name 1st FRANKLIN FINANCIAL CORP 
Entity Incorporation, State or Country Code GA 
Entity Tax Identification Number 58-0521233 
Entity Address, Address Line One 135 East Tugalo Street 
Entity Address, Address Line Two Post Office Box 880 
Entity Address, City or Town Toccoa 
Entity Address, State or Province GA 
Entity Address, Postal Zip Code 30577 
City Area Code 706 
Local Phone Number 886-7571 
Entity Current Reporting Status Yes 
Entity Interactive Data Current Yes 
Entity Filer Category Non-accelerated Filer 
Entity Small Business false 
Entity Emerging Growth Company false 
Entity Shell Company false 
Amendment Flag false 
Document Fiscal Year Focus 2022 
Document Fiscal Period Focus Q1 
Voting Common Stock   
Entity Listing, Par Value Per Share$ 100  
Entity Common Stock, Shares Outstanding  1,700
Nonvoting Common Stock   
Entity Common Stock, Shares Outstanding  168,300

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Definitive Proxy Statement (Form DEF 14A)
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1St Franklin Financial Corp's Definitive Proxy Statement (Form DEF 14A) filed after their 2022 10-K Annual Report includes:

  • Voting Procedures
  • Board Members
  • Executive Team
  • Salaries, Bonuses, Perks
  • Peers / Competitors

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Financial Statements, Disclosures and Schedules

Inside this 10-Q Quarterly Report

Document And Entity Information
Condensed Consolidated Statements Of Cash Flows (Unaudited)
Condensed Consolidated Statements Of Comprehensive Income (Unaudited)
Condensed Consolidated Statements Of Financial Position (Unaudited)
Condensed Consolidated Statements Of Financial Position (Unaudited) - Parenthetical
Condensed Consolidated Statements Of Income And Retained Earnings (Unaudited)
Condensed Consolidated Statements Of Income And Retained Earnings (Unaudited) - Parenthetical
Consolidated Statements Of Stockholders' Equity (Unaudited)
Note 1 - Basis Of Presentation
Note 1 - Basis Of Presentation: Recent Accounting Pronouncements (Policies)
Note 1 - Basis Of Presentation: Schedule Of Reconciliation Of Cash, Cash Equivalents And Restricted Cash (Details)
Note 1 - Basis Of Presentation: Schedule Of Reconciliation Of Cash, Cash Equivalents And Restricted Cash (Tables)
Note 10 - Subsequent Event
Note 10 - Subsequent Event (Details)
Note 11 - Segment Financial Information
Note 11 - Segment Financial Information: Schedule Of Segment Reporting Information, By Segment (Details)
Note 11 - Segment Financial Information: Schedule Of Segment Reporting Information, By Segment (Tables)
Note 2 - Allowance For Credit Losses
Note 2 - Allowance For Credit Losses (Details)
Note 2 - Allowance For Credit Losses: Allowance For Credit Losses On Financing Receivables (Details)
Note 2 - Allowance For Credit Losses: Allowance For Credit Losses On Financing Receivables (Tables)
Note 2 - Allowance For Credit Losses: Past Due Financing Receivables (Details)
Note 2 - Allowance For Credit Losses: Past Due Financing Receivables (Tables)
Note 2 - Allowance For Credit Losses: Schedule Of Allowance For Loan Losses (Details)
Note 2 - Allowance For Credit Losses: Schedule Of Allowance For Loan Losses (Tables)
Note 2 - Allowance For Credit Losses: Schedule Of Net Balance (Principal Balance Less Unearned Finance Charges And Unearned Insurance) In Consumer And Residential Loans (Details)
Note 2 - Allowance For Credit Losses: Schedule Of Net Balance (Principal Balance Less Unearned Finance Charges And Unearned Insurance) In Consumer And Residential Loans (Tables)
Note 2 - Allowance For Credit Losses: Troubled Debt Restructurings On Financing Receivables (Details)
Note 2 - Allowance For Credit Losses: Troubled Debt Restructurings On Financing Receivables (Tables)
Note 3 - Investment Securities
Note 3 - Investment Securities (Details)
Note 3 - Investment Securities: Schedule Of Amortized Cost And Estimated Fair Values Of Debt Securities (Details)
Note 3 - Investment Securities: Schedule Of Amortized Cost And Estimated Fair Values Of Debt Securities (Tables)
Note 3 - Investment Securities: Schedule Of Investment Securities Fair Value And Unrealized Losses (Details)
Note 3 - Investment Securities: Schedule Of Investment Securities Fair Value And Unrealized Losses (Tables)
Note 4 - Fair Value
Note 4 - Fair Value: Fair Value Measurements, By Fair Value Hierarchy (Details)
Note 4 - Fair Value: Fair Value Measurements, By Fair Value Hierarchy (Tables)
Note 5 - Leases
Note 5 - Leases: Schedule Of Lease Expense And Other Information (Details)
Note 5 - Leases: Schedule Of Lease Expense And Other Information (Tables)
Note 6 - Commitments And Contingencies
Note 7 - Income Taxes
Note 7 - Income Taxes (Details)
Note 8 - Credit Agreement
Note 8 - Credit Agreement (Details)
Note 9 - Related Party Transactions
Note 9 - Related Party Transactions (Details)

Material Contracts, Statements, Certifications & more

1St Franklin Financial Corp provided additional information to their SEC Filing as exhibits

CIK: 38723
Form Type: 10-Q Quarterly Report
Accession Number: 0001376474-22-000260
Submitted to the SEC: Mon May 16 2022 10:56:06 AM EST
Accepted by the SEC: Mon May 16 2022
Period: Thursday, March 31, 2022
Industry: Personal Credit Institutions

External Resources:
SEC.gov

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