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Parent Company Only Condensed Financial Information

12 Months Ended

Dec. 31, 2018

Condensed Financial Information Of Parent Company Only Disclosure [Abstract]

Parent Company Only Condensed Financial Information

NOTE 24 – 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,		2018				2017
BALANCE SHEETS
Assets:
Cash		$	4,131			$	3,614
Investment in subsidiaries
Bank			244,577				224,843
Farmers Trust			10,745				10,495
NAI			2,325				2,649
Captive			1,654				1,584
Equity securities			367				258
Other			1,393				1,442
TOTAL ASSETS		$	265,192			$	244,885
Liabilities:
Other liabilities		$	264			$	250
Note payable			350				350
Subordinate debt			2,258				2,209
Other accounts payable			0				2
TOTAL LIABILITIES			2,872				2,811
TOTAL STOCKHOLDERS' EQUITY			262,320				242,074
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY		$	265,192			$	244,885

STATEMENTS OF INCOME
Years ended December 31,			2018				2017			2016
Income:
Dividends from subsidiaries
Bank		$	7,864			$	8,373			$	5,836
Farmers Trust			1,500				825				820
NAI			400				400				800
Captive Insurance			850				0				0
Interest and dividends on securities			8				5				5
Security gains/(losses)			(20	)			0				(19	)
Other income			0				0				28
TOTAL INCOME			10,602				9,603				7,470
Interest on borrowings			(133	)			(103	)			(96	)
Other expenses			(2,087	)			(2,294	)			(1,997	)
Income before income tax benefit and undistributed             subsidiary income			8,382				7,206				5,377
Income tax benefit			450				876				670
Equity in undistributed net income of subsidiaries            (dividends in excess of net income)
Bank			23,687				13,529				14,688
Farmers Trust			304				299				31
NAI			(324	)			(138	)			(604	)
Captive			70				939				395
NET INCOME		$	32,569			$	22,711			$	20,557

STATEMENTS OF CASH FLOWS
Years ended December 31,		2018				2017				2016
Cash flows from operating activities:
Net income		$	32,569			$	22,711			$	20,557
Adjustments to reconcile net income to net cash
from operating activities:
Security (gains)/losses			0				0				19
Impairment of securities			0				0				0
Dividends in excess of net income (Equity in    undistributed net income of subsidiary)			(23,737	)			(14,629	)			(14,510	)
Other			1				78				(368	)
NET CASH FROM OPERATING ACTIVITIES			8,833				8,160				5,698
Cash flows from investing activities:
Proceeds from maturities of available for sale securities			0				0				59
Net cash paid in business combinations			0				(1,154	)			0
NET CASH FROM INVESTING ACTIVITIES			0				(1,154	)			59
Cash flows from financing activities:
Proceeds from reissuance of treasury shares			0				0				0
Repurchase of common shares			0				0				(168	)
Cash dividends paid			(8,316	)			(6,012	)			(4,326	)
NET CASH FROM FINANCING ACTIVITIES			(8,316	)			(6,012	)			(4,494	)
NET CHANGE IN CASH AND CASH EQUIVALENTS			517				994				1,263
Beginning cash and cash equivalents			3,614				2,620				1,357
Ending cash and cash equivalents		$	4,131			$	3,614			$	2,620

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- References

No definition available.

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- 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.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 810
-SubTopic 10
-Section 45
-Paragraph 11
-URI http://asc.fasb.org/extlink&oid=108774443&loc=d3e5283-111683

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 235
-Section S99
-Paragraph 2
-Subparagraph (SX 210.9-06)
-URI http://asc.fasb.org/extlink&oid=6882215&loc=d3e537971-122884

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