0000038723EX-FILING FEESN/AN/Aiso4217:USDxbrli:pure00000387232026-05-082026-05-08000003872312026-05-082026-05-08000003872322026-05-082026-05-08

Calculation of Filing Fee Table

Form S-1

(Form Type)

1st Franklin Financial Corporation

(Exact Name of Registrant as Specified in its Charter)

Table 1: Newly Registered and Carry Forward Securities

Security Type

Security Class Title

Fee Calculation or Carry Forward Rule

Amount Registered

Proposed Maximum Offering Price Per Unit

Maximum Aggregate Offering Price(1)

Fee Rate

Amount of Registration Fee(1)

Carry Forward Form Type

Carry Forward File Number

Carry Forward Initial Effective Date

Filing Fee Previously Paid In Connection with Unsold Securities to be Carried Forward

Newly Registered Securities

Fees to Be Paid

Debt

Series 1 Variable Rate Subordinated Debentures

Rule 457(o)

—

—

$118,000,000.00(1)

$138.10 per $1,000,000

$16,295.80

Fees Previously Paid

—

—

—

—

—

—

—

Carry Forward Securities

Carry Forward Securities

Debt

Series 1 Variable Rate Subordinated Debentures

Rule 415(a)(6)

—

$7,000,000.00(1)

S-1

333-271356

May 22, 2023

$771.40

Total Offering Amounts

$125,000,000.00(!)

$16,295.80

Total Fees Previously Paid

—

Total Fee Offsets

—

Net Fees Due

$16,295.80

(1)    Pursuant to Rule 415(a)(6) under the Securities Act of 1933, the $125,000,000.00 of Series 1 Variable Rate Subordinated Debentures (“Debentures”) registered pursuant to this registration statement includes $7,000,000.00 of unsold Debentures (the “Unsold Debentures”) previously registered and currently unsold under the Registrant’s Registration Statement on Form S-1 (File No. 333-271356), which was initially filed by the Registrant on April 20, 2023 and declared effective on May 22, 2023 (the “Prior Registration Statement”). The Unsold Debentures remain registered under the Prior Registration Statement and are being carried forward to this registration statement. Filing fees of $771.40 were previously paid in connection with the Unsold Debentures. Pursuant to Rule 415(a)(6), the filing fee previously paid with respect to the Unsold Debentures will continue to be applied to such securities. Accordingly, the amount of the registration fee being paid herewith relates solely to the $118,000,000.00 of newly registered Debentures being registered hereunder. Pursuant to Rule 415(a)(6), the offering of Unsold Debentures under the Prior Registration Statement will be deemed terminated as of the date of effectiveness of this registration statement.