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SECURITIES AND EXCHANGE COMMISSION |
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Washington, D.C. 20549 |
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FORM 10-Q |
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For the Quarterly Period Ended |
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OR |
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For the transition period from ______________ to _____________ |
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Commission File Number 2-27985 |
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A Georgia CorporationI.R.S. Employer Identification No. 58-0521233 |
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135 East Tugalo Street |
Post Office Box 880 |
Toccoa, Georgia 30577 |
(706) 886-7571 |
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Securities registered pursuant to Section 12(b) of the Act: None
Indicate by check mark whether the registrant: (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes |
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Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes |
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Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes |
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Indicate the number of shares outstanding of each of the issuer's classes of common stock, as of the latest practicable date. |
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ClassOutstanding |
Voting Common Stock, par value $100 per share1,700 Shares |
Non-Voting Common Stock, no par value168,300 Shares |
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ITEM 1. | Financial Statements: | ||||||||||||
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| The information contained under the following captions in the Company's Quarterly Report to Investors as of and for the three and nine months ended | ||||||||||||
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| Condensed Consolidated Statements of Financial Position (Unaudited): | |||||||||||
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| Condensed Consolidated Statements of Income | |||||||||||
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| Three | ||||||||||
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| Condensed Consolidated Statements of Comprehensive Income (Unaudited): | |||||||||||
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| Three | ||||||||||
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| Condensed Consolidated Statements of | |||||||||||
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| Condensed Consolidated Statements of Cash Flows (Unaudited): | |||||||||||
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| Notes to Unaudited Condensed Consolidated Financial Statements | |||||||||||
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ITEM 2. | Management's Discussion and Analysis of Financial Condition and Results of Operations: | ||||||||||||
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| The information contained under the heading “Management's Discussion and Analysis of Financial Condition and Results of Operations” in the Company's Quarterly Report to Investors as of and for the three and nine months ended | ||||||||||||
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ITEM 3. | Quantitative and Qualitative Disclosures About Market Risk: | ||||||||||||
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| The information contained under the heading “Management's Discussion and Analysis of Financial Condition and Results of Operations -- Quantitative and Qualitative Disclosures About Market Risk" in the Company's Quarterly Report to Investors as of and for the three and nine months ended | ||||||||||||
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ITEM 4. | Controls and Procedures: | ||||||||||||
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| We maintain a set of disclosure controls and procedures, as such term is defined in Rule 15d-15(e) under the Securities Exchange Act of 1934 (the
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There were no changes in the Company's internal control over financial reporting that occurred during the quarter ended
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<PAGE> 1 | |||||||
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PART II. OTHER INFORMATION | |||||||
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ITEM 1. | Legal Proceedings: | ||||||
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The Company is, and expects to be, involved in various legal proceedings incidental to its business from time to time. In the opinion of Management, the ultimate resolution of any such known claims or proceedings is not expected to have a material adverse effect on the Company’s financial position, liquidity or results of operations. | ||||||
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ITEM 6. | Exhibits: | ||||||
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| (a) | Exhibits: | |||||
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31.1
31.2
32.1
32.2
101.INS
101.SCH
101.CAL
101.LAB
101.PRE
101.DEF 104 | Quarterly Report to Investors as of and for the Three and
Inline XBRL Instance Document. The Instance Document does not appear in the Interactive Data File because its XBRL tags are embedded within the Inline XBRL document.
Inline XBRL Taxonomy Extension Schema Document.
Inline XBRL Taxonomy Extension Calculation Linkbase Document.
Inline XBRL Taxonomy Extension Label Linkbase Document.
Inline XBRL Taxonomy Extension Presentation Linkbase Document.
Inline XBRL Taxonomy Extension Definition Linkbase Document. Cover Page Interactive Data File (formatted as Inline XBRL and contained in Exhibit 101)
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Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized. | |
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| 1st FRANKLIN FINANCIAL CORPORATION |
| Registrant |
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| /s/ Virginia C. Herring |
| President and Chief Executive Officer |
| (Principal Executive Officer) |
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| /s/ Brian J. Gyomory |
| Executive Vice President and Chief Financial Officer |
| (Principal Financial and Accounting Officer) |
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Date: | |
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