Parent Company Only Condensed Financial Information

12 Months Ended

Dec. 31, 2016

Condensed Financial Information Of Parent Company Only Disclosure [Abstract]

Parent Company Only Condensed Financial Information

NOTE 23—PARENT COMPANY ONLY CONDENSED FINANCIAL INFORMATION

Below is condensed financial information of Farmers National Banc Corp. (parent company only). This information should be read in conjunction with the consolidated financial statements and related notes.

December 31,	2016		2015
BALANCE SHEETS
Assets:
Cash	$	2,620	$	1,357
Investment in subsidiaries
Bank		198,030		184,253
Trust		10,184		10,188
NAI		2,787		3,391
Captive		646		0
Securities available for sale		234		231
Other		1,284		1,319
TOTAL ASSETS	$	215,785	$	200,739

Liabilities:
Other liabilities	$	57	$	241
Note payable		350		350
Subordinate debt		2,160		2,099
Other accounts payable		2		2
TOTAL LIABILITIES		2,569		2,692
TOTAL STOCKHOLDERS' EQUITY		213,216		198,047
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	$	215,785	$	200,739

STATEMENTS OF INCOME
Years ended December 31,		2016			2015			2014
Income:
Dividends from subsidiaries
Bank	$	5,836		$	23,744		$	4,013
Trust		820			750			2,000
NAI		800			400			0
Interest and dividends on securities		5			2			1
Security gains/(losses)		(19	)		0			0
Other income		28			0			764
TOTAL INCOME		7,470			24,896			6,778
Interest on borrowings		(96	)		(35	)		(15	)
Other expenses		(1,997	)		(4,817	)		(1,492	)
Income before income tax benefit and undistributed subsidiary income		5,377			20,044			5,271
Income tax benefit		670			991			512
Equity in undistributed net income of subsidiaries (dividends in excess of net income)
Bank		14,688			(12,837	)		4,987
Trust		31			71			(1,134	)
NAI		(604	)		(214	)		(671	)
Captive		395			0			0
NET INCOME	$	20,557		$	8,055		$	8,965

STATEMENTS OF CASH FLOWS
Years ended December 31,		2016			2015			2014
Cash flows from operating activities:
Net income	$	20,557		$	8,055		$	8,965
Adjustments to reconcile net income to net cash
from operating activities:
Security (gains)/losses		19			0			0
Dividends in excess of net income (Equity in undistributed net income of subsidiary)		(14,510	)		12,980			(3,182	)
Other		(368	)		(269	)		(982	)
NET CASH FROM OPERATING ACTIVITIES		5,698			20,766			4,801

Cash flows from investing activities:
Proceeds from maturities of available for sale securities		59			0			0
Net cash paid in business combinations		0			(18,077	)		0
NET CASH FROM INVESTING ACTIVITIES		59			(18,077	)		0

Cash flows from financing activities:
Proceeds from reissuance of treasury shares		0			0			32
Repurchase of common shares		(168	)		(213	)		(2,882	)
Cash dividends paid		(4,326	)		(2,683	)		(2,236	)
NET CASH FROM FINANCING ACTIVITIES		(4,494	)		(2,896	)		(5,086	)
NET CHANGE IN CASH AND CASH EQUIVALENTS		1,263			(207	)		(285	)

Beginning cash and cash equivalents		1,357			1,564			1,849
Ending cash and cash equivalents	$	2,620		$	1,357		$	1,564

- Definition

The entire disclosure for condensed financial information, including the financial position, cash flows, and the results of operations of the registrant (parent company) as of the same dates or for the same periods for which audited consolidated financial statements are being presented. Alternatively, the details of this disclosure can be reported by the specific parent company taxonomy elements, indicating the appropriate date and period contexts in an instance document.

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