{"schema_version":"secwatch.filing_event.v1","accession":"0000723646-24-000059","form_type":"8-K","ticker":"FRAF","cik":"0000723646","company_name":"FRANKLIN FINANCIAL SERVICES CORP /PA/","filed_at":"2024-10-18T23:59:59+00:00","discovered_at":"2026-05-14T18:03:10.916042+00:00","generated_at":"2026-05-30T12:54:25.267904+00:00","sec_items":["8.01","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"confidence":"high","headline":"Franklin Financial completes $46.7M portfolio repositioning, declares $0.32 quarterly dividend","bullets":["Sold $46.7M in low-yield U.S. Treasuries (avg yield 1.26%) for $3.4M after-tax loss; expects recovery in ~2.3 years.","Used $42.4M net proceeds to buy higher-yielding RMBS (avg yield 4.62%, life 7.56 yrs) classified as available-for-sale.","Transaction has no impact on stockholders' equity or book value per share; bank remains well-capitalized.","Declared Q4 2024 dividend of $0.32 per share, payable Nov 27 to holders of record Nov 1, unchanged from Q3.","Company still expects full-year 2024 profit despite the loss; no dilution to equity."],"urls":{"canonical":"https://secwatch.observer/filing/0000723646-24-000059","json":"https://secwatch.observer/filing/0000723646-24-000059.json","markdown":"https://secwatch.observer/filing/0000723646-24-000059.md","text":"https://secwatch.observer/filing/0000723646-24-000059.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/723646/000072364624000059/0000723646-24-000059-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/723646/000072364624000059/fraf-20241018x8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-30T12:54:25.267904+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}