v3.20.1

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
ASSETS
Cash and due from financial institutions	$ 234,991	$ 280,212
Certificates of deposit at other financial institutions	3,590	3,594
Securities available for sale	652,132	1,030,668
Securities held to maturity (fair value 2019—$0 and 2018—$118,955)	0	121,617
Loans held for sale, at fair value	43,162	11,103
Loans held for investment, net of deferred fees	2,812,444	2,672,399
Allowance for loan losses	45,436	23,451
Net loans	2,767,008	2,648,948
Restricted equity securities, at cost	24,802	21,831
Premises and equipment, net	12,141	12,371
Accrued interest receivable	12,362	13,337
Bank owned life insurance	56,726	55,239
Deferred tax asset	14,229	13,189
Servicing rights, net	3,246	3,403
Goodwill	18,176	18,176
Core deposit intangible, net	448	952
Other assets	53,149	14,799
Total assets	3,896,162	4,249,439
Deposits
Non-interest bearing	319,373	290,580
Interest bearing	2,888,211	3,141,227
Total deposits	3,207,584	3,431,807
Federal Home Loan Bank advances	155,000	368,500
Subordinated notes, net	58,872	58,693
Accrued interest payable	4,201	4,700
Other liabilities	60,079	12,906
Total liabilities	3,485,736	3,876,606
Equity
Preferred stock, no par value: 1,000,000 shares authorized; Senior non-cumulative preferred stock, no par value, $10,000 liquidation value: Series A, 10,000 shares authorized; no shares outstanding at December 31, 2019 and December 31, 2018	0	0
Common stock, no par value: 30,000,000 shares authorized; 14,848,017 issued and 14,821,594 outstanding at December 31, 2019, and 14,538,085 issued and outstanding at December 31, 2018	275,412	264,905
Retained earnings	133,102	123,176
Accumulated other comprehensive income (loss)	1,819	(15,341)
Total shareholders’ equity	410,333	372,740
Noncontrolling interest in consolidated subsidiary	93	93
Total equity	410,426	372,833
Total liabilities and equity	$ 3,896,162	$ 4,249,439

Accumulated change in equity from transactions and other events and circumstances from non-owner sources, net of tax effect, at period end. Excludes Net Income (Loss), and accumulated changes in equity from transactions resulting from investments by owners and distributions to owners. Includes foreign currency translation items, certain pension adjustments, unrealized gains and losses on certain investments in debt and equity securities, other than temporary impairment (OTTI) losses related to factors other than credit losses on available-for-sale and held-to-maturity debt securities that an entity does not intend to sell and it is not more likely than not that the entity will be required to sell before recovery of the amortized cost basis, as well as changes in the fair value of derivatives related to the effective portion of a designated cash flow hedge.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 45
-Paragraph 11
-URI http://asc.fasb.org/extlink&oid=118930883&loc=d3e637-108580

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 45
-Paragraph 14A
-URI http://asc.fasb.org/extlink&oid=118930883&loc=SL7669686-108580

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 45
-Paragraph 14
-URI http://asc.fasb.org/extlink&oid=118930883&loc=d3e681-108580

Franklin Financial Network Inc. 10-K