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- Nonperforming Loans Doubled To $17.7m (1.1% Of Gross Loans) From $8.5m (0.55%) At Year-End, Driven By An $8.8m Cre Loan Placed On Nonaccrual (new) — Sharp deterioration in asset quality concentrated in two CRE credits, with specific reserves totaling $1.9M.
- Provision For Credit Losses More Than Doubled To $1.6m From $704k In Q2 2025 (new) — Elevated credit costs driven by specific reserves on nonaccrual CRE loans signal heightened credit risk.
Franklin Financial reports Q2 net income up 11.9% to $6.6M; nonperforming loans double
Filed July 24, 2026 · Period ending July 24, 2026 · ~2 min read
Key Changes
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Nonperforming loans doubled to $17.7M (1.1% of gross loans) from $8.5M (0.55%) at year-end, driven by an $8.8M CRE loan placed on nonaccrual in Q2. Two CRE loans comprise $17.4M of the total.
Exhibit 99.1 view on EDGAR → -
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Provision for credit losses more than doubled to $1.6M from $704K in Q2 2025, driven by increased specific reserves on two nonaccrual CRE loans. Allowance for credit losses rose to 1.36% of loans from 1.32% at year-end.
Exhibit 99.1 view on EDGAR → -
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Q2 2026 net income of $6.6M ($1.47/share) increased 11.9% from $5.9M ($1.32/share) in Q2 2025, driven by a $2.1M (12.2%) increase in net interest income to $19.3M, partially offset by higher credit provisions.
Exhibit 99.1 view on EDGAR →
2 more material changes behind this preview — plus the full narrative summary, section-by-section diffs against the prior filing, and verbatim quotes with EDGAR citations.
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Source-verified from EDGAR · Narrative written by AI · Jul 27, 2026 · How we verify