Company profile

Timothy G. Henry
Incorporated in
Fiscal year end
Industry (SEC)
IRS number

FRAF stock data



11 May 20
8 Jul 20
31 Dec 20


Company financial data Financial data

Quarter (USD) Mar 20 Dec 19 Sep 19 Jun 19
Revenue 11.67M 12.13M 12.72M 12.4M
Net income 1.72M 4.4M 4.5M 3.98M
Diluted EPS 0.39 1.01 1.03 0.9
Net profit margin 14.74% 36.23% 35.36% 32.14%
Net change in cash -30.48M -66.31M 67.69M 35.41M
Cash on hand 53.35M 83.83M 150.13M 82.45M
Annual (USD) Dec 19 Dec 18 Dec 17 Dec 16
Revenue 49.24M 44.87M 39.89M 36.98M
Net income 16.12M 6.13M 2.18M 8.09M
Diluted EPS 3.67 1.39 0.5 1.88
Net profit margin 32.73% 13.65% 5.46% 21.87%
Net change in cash 30.87M -5.65M 21.94M -2.5M
Cash on hand 83.83M 52.96M 58.6M 36.67M

Financial data from company earnings reports

Date Owner Security Transaction Code 10b5-1 $Price #Shares $Value #Remaining
1 Jul 20 Kevin W Craig Common Stock Buy Aquire P No 24.14 145 3.5K 3,028
1 Jul 20 Gregory A Duffey Common Stock Buy Aquire P No 24.14 41 989.74 7,080
1 Jul 20 Steven D Butz Employee Stock Option Common Stock Grant Aquire A No 24.19 406 9.82K 10,756
1 Jul 20 Karen K Carmack Common Stock Buy Aquire P No 24.14 1 24.14 1,426
1 Jul 20 Karen K Carmack Employee Stock Option Common Stock Grant Aquire A No 24.19 315 7.62K 6,690
1 Jul 20 Ronald L Cekovich Common Stock Buy Aquire P No 24.14 4 96.56 7,602
1 Jul 20 Ronald L Cekovich Employee Stock Option Common Stock Grant Aquire A No 24.19 347 8.39K 6,722
20.2% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 40 41 -2.4%
Opened positions 2 3 -33.3%
Closed positions 3 4 -25.0%
Increased positions 15 16 -6.3%
Reduced positions 11 7 +57.1%
13F shares
Current Prev Q Change
Total value 59.15M 72.67M -18.6%
Total shares 877.3K 886.46K -1.0%
Total puts 0 0
Total calls 0 0
Total put/call ratio
Largest owners
Shares Value Change
BLK BlackRock 218.07K $5.99M +1.4%
Vanguard 110.17K $3.02M +5.0%
Banc Funds 90.9K $2.5M 0.0%
STT State Street 58.34K $1.6M -0.9%
Geode Capital Management 52.86K $1.45M +5.3%
Cutler Capital Management 51.69K $1.42M 0.0%
NTRS Northern Trust 45.68K $1.25M +1.9%
Logan Capital Management 40.55K $1.11M -7.3%
M3F 32.54K $893K -49.7%
RY Royal Bank of Canada 23.04K $633K +3.7%
Largest transactions
Shares Bought/sold Change
M3F 32.54K -32.16K -49.7%
Panagora Asset Management 18.14K +10.85K +148.8%
Bridgeway Capital Management 9.4K +9.4K NEW
Nuveen Asset Management 0 -6.45K EXIT
Vanguard 110.17K +5.22K +5.0%
WFC Wells Fargo & Company 10.3K +4.65K +82.2%
Logan Capital Management 40.55K -3.2K -7.3%
BLK BlackRock 218.07K +3.05K +1.4%
Dimensional Fund Advisors 8.41K +3K +55.4%
Geode Capital Management 52.86K +2.64K +5.3%

Financial report summary

  • Real estate related loans are a significant portion of our loan portfolio.
  • The allowance for loan losses may prove to be insufficient to absorb inherent losses in our loan portfolio.
  • There is strong competition in the Bank’s primary market areas and its geographic diversification is limited.
  • Uncertainty about the future of LIBOR may adversely affect our business.
  • Our operational or security systems may experience interruption or breach in security, including cyber-attacks.
  • A large component of fee income is dependent on stock market values.
  • A large component of fee income is dependent on two deposit services.
  • A large percentage of certificates of deposit have short-term maturities.
  • Liquidity contingency funding is highly concentrated.
  • Our business and financial results could be impacted materially by adverse results in legal proceedings.
  • The Bank's ability to pay dividends to the Corporation is subject to regulatory limitations that may affect the Corporation’s ability to pay dividends to its shareholders.
Management Discussion
  • Item 7.  Management’s Discussion and Analysis of Financial Condition and Results of Operations
  • Disclosure of the Corporation’s significant accounting policies is included in Note 1 to the consolidated financial statements.  These policies are particularly sensitive requiring significant judgments, estimates and assumptions to be made by Management.  Senior management has discussed the development of such estimates, and related Management Discussion and Analysis disclosure, with the Audit Committee of the Board of Directors.
  • Reported net income of $16.1 million ($3.67 per diluted share) for the year ended 2019, compared to $6.1 million ($1.39 per diluted share) for the year ended 2018. 
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