Parent Company Only Condensed Financial Information

12 Months Ended

Dec. 31, 2017

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,	2017		2016
BALANCE SHEETS
Assets:
Cash	$	3,614	$	2,620
Investment in subsidiaries
Bank		224,843		198,030
Trust		10,495		10,184
NAI		2,649		2,787
Captive		1,584		646
Securities available for sale		258		234
Other		1,442		1,284
TOTAL ASSETS	$	244,885	$	215,785

Liabilities:
Other liabilities	$	250	$	57
Note payable		350		350
Subordinate debt		2,209		2,160
Other accounts payable		2		2
TOTAL LIABILITIES		2,811		2,569
TOTAL STOCKHOLDERS' EQUITY		242,074		213,216
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	$	244,885	$	215,785

STATEMENTS OF INCOME
Years ended December 31,		2017			2016			2015
Income:
Dividends from subsidiaries
Bank	$	8,373		$	5,836		$	23,744
Trust		825			820			750
NAI		400			800			400
Interest and dividends on securities		5			5			2
Security gains/(losses)		0			(19	)		0
Other income		0			28			0
TOTAL INCOME		9,603			7,470			24,896
Interest on borrowings		(103	)		(96	)		(35	)
Other expenses		(2,294	)		(1,997	)		(4,817	)
Income before income tax benefit and undistributed subsidiary income		7,206			5,377			20,044
Income tax benefit		876			670			991
Equity in undistributed net income of subsidiaries (dividends in excess of net income)
Bank		13,529			14,688			(12,837	)
Trust		299			31			71
NAI		(138	)		(604	)		(214	)
Captive		939			395			0
NET INCOME	$	22,711		$	20,557		$	8,055

STATEMENTS OF CASH FLOWS
Years ended December 31,		2017			2016			2015
Cash flows from operating activities:
Net income	$	22,711		$	20,557		$	8,055
Adjustments to reconcile net income to net cash
from operating activities:
Security (gains)/losses		0			19			0
Dividends in excess of net income (Equity in undistributed net income of subsidiary)		(14,629	)		(14,510	)		12,980
Other		78			(368	)		(269	)
NET CASH FROM OPERATING ACTIVITIES		8,160			5,698			20,766

Cash flows from investing activities:
Proceeds from maturities of available for sale securities		0			59			0
Net cash paid in business combinations		(1,154	)		0			(18,077	)
NET CASH FROM INVESTING ACTIVITIES		(1,154	)		59			(18,077	)

Cash flows from financing activities:
Proceeds from reissuance of treasury shares		0			0			0
Repurchase of common shares		0			(168	)		(213	)
Cash dividends paid		(6,012	)		(4,326	)		(2,683	)
NET CASH FROM FINANCING ACTIVITIES		(6,012	)		(4,494	)		(2,896	)
NET CHANGE IN CASH AND CASH EQUIVALENTS		994			1,263			(207	)

Beginning cash and cash equivalents		2,620			1,357			1,564
Ending cash and cash equivalents	$	3,614		$	2,620		$	1,357

- 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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