Franklin Financial Services Corporation announced unaudited earnings results for the fourth quarter and full year ended December 31, 2016. For the quarter, the company reported earnings of $1.7 million. This represents a 24.0% decrease when compared to fourth quarter 2015 earnings of $2.3 million. Earnings were affected by a $1.2 million write down of a property, which was held as other real estate (ORE) in participation with another bank. Net interest income was $9.0 million, compared to $8.2 million for the fourth quarter of 2015. On a per share basis, diluted earnings were $0.40 compared to $0.53 for the same periods in 2015. Income before income taxes was $1,827,000 against $2,760,000 a year ago. For the year, net income was $8.1 million compared with $10.2 million in 2015, a decrease of 20.7%. Contributing to the decline in earnings was an increase in the provision for loan losses expense of $2.5 million and the $1.2 million ORE write down. Net interest income was $34.7 million for the year representing an increase of 7.7%, when compared to 2015, driven primarily by growth in the commercial loan portfolio of 17.9%. On a per share basis, diluted earnings were $1.88 compared to $2.40 for the same period in 2015. Income before income taxes was $9,389,000 against $12,475,000 a year ago.