<SEC-DOCUMENT>0001193125-19-183601.txt : 20190627
<SEC-HEADER>0001193125-19-183601.hdr.sgml : 20190627
<ACCEPTANCE-DATETIME>20190627090802
ACCESSION NUMBER:		0001193125-19-183601
CONFORMED SUBMISSION TYPE:	11-K
PUBLIC DOCUMENT COUNT:		6
CONFORMED PERIOD OF REPORT:	20181231
FILED AS OF DATE:		20190627
DATE AS OF CHANGE:		20190627

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			FARMERS NATIONAL BANC CORP /OH/
		CENTRAL INDEX KEY:			0000709337
		STANDARD INDUSTRIAL CLASSIFICATION:	STATE COMMERCIAL BANKS [6022]
		IRS NUMBER:				341371693
		STATE OF INCORPORATION:			OH
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		11-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-35296
		FILM NUMBER:		19923065

	BUSINESS ADDRESS:	
		STREET 1:		20 S BROAD STREET
		STREET 2:		P O BOX 555
		CITY:			CANFIELD
		STATE:			OH
		ZIP:			44406
		BUSINESS PHONE:		3305333341
</SEC-HEADER>
<DOCUMENT>
<TYPE>11-K
<SEQUENCE>1
<FILENAME>d765432d11k.htm
<DESCRIPTION>FORM 11-K
<TEXT>
<HTML><HEAD>
<TITLE>Form 11-K</TITLE>
</HEAD>
 <BODY BGCOLOR="WHITE">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:0pt;border-bottom:1px solid #000000">&nbsp;</P>
<P STYLE="line-height:3.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000">&nbsp;</P> <P STYLE="margin-top:4pt; margin-bottom:0pt; font-size:18pt; font-family:Times New Roman" ALIGN="center"><B>UNITED STATES </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:18pt; font-family:Times New Roman" ALIGN="center"><B>SECURITIES AND EXCHANGE COMMISSION </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>Washington, D.C. 20549 </B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center>
<P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:18pt; font-family:Times New Roman" ALIGN="center"><B>FORM 11-K
</B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center> <P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>(Mark One) </B></P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:12pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><B></B>&#9746;<B></B><B></B></TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman; " ALIGN="left"><B>ANNUAL REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 </B></P></TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>For the fiscal year ended December&nbsp;31, 2018 </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>OR </B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:12pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><B></B>&#9744;<B></B><B></B></TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman; " ALIGN="left"><B>TRANSITION REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
</B></P></TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>For the transition period from
<U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U> to
<U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U> </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Commission file number 001-35296 </B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center>
<P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">A.</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">Full title of the plan and the address of the plan, if different from that of the issuer named below:
</P></TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Farmers National Bank 401(k) Retirement Savings Plan </B></P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">B.</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">Name of issuer of the securities held pursuant to the plan and the address of its principal executive office:
</P></TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Farmers National Banc Corp. </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>20 South Broad Street </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Canfield, Ohio 44406 </B></P> <P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:0pt;border-bottom:1px solid #000000">&nbsp;</P> <P STYLE="line-height:3.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000">&nbsp;</P>
</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">FARMERS NATIONAL BANK 401(k) RETIREMENT SAVINGS PLAN </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">YEARS ENDED DECEMBER&nbsp;31, 2018 AND 2017 </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><A NAME="toc"></A>TABLE OF CONTENTS </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="85%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><A HREF="#tx765432_1">INDEPENDENT AUDITOR&#146;S REPORT </A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">PAGE&nbsp;NO.</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center">2&nbsp;-3</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><A HREF="#tx765432_2">STATEMENTS OF NET ASSETS AVAILABLE FOR BENEFITS<BR>December&nbsp;
31, 2018 and 2017</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center">4</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><A HREF="#tx765432_3">STATEMENTS OF CHANGES IN NET ASSETS AVAILABLE FOR BENEFITS<BR>Years ended
 December&nbsp;31, 2018 and 2017</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center">5</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><A HREF="#tx765432_4">NOTES TO THE FINANCIAL STATEMENTS</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center"><FONT STYLE="white-space:nowrap">6&nbsp;-&nbsp;14</FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">SUPPLEMENTARY INFORMATION</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><A HREF="#tx765432_6">SCHEDULE H, LINE 4i &#150; SCHEDULE OF ASSETS<BR>(HELD AT END OF YEAR)
<BR>&nbsp;&nbsp;December&nbsp;31, 2018</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center"><FONT STYLE="white-space:nowrap">15&nbsp;-&nbsp;16</FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><A HREF="#tx765432_7">SIGNATURE </A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center">17</TD></TR>
</TABLE>
</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt;margin-bottom:0pt">


<IMG SRC="g765432ssp3.jpg" ALT="LOGO">
 </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><U><A NAME="tx765432_1"></A>INDEPENDENT AUDITOR&#146;S REPORT </U></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">TO THE PLAN ADMINISTRATOR </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">FARMERS NATIONAL BANK 401(k)
RETIREMENT SAVINGS PLAN </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Report on the Financial Statements </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">We have audited the accompanying financial statements of the Farmers National Bank 401(k) Retirement Savings Plan (the Plan), which comprise the statements of
net assets available for benefits as of December&nbsp;31, 2018 and 2017, and the related statements of changes in net assets available for benefits for the years then ended, and the related notes to the financial statements. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Management&#146;s Responsibility for the Financial Statements </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Management is responsible for the preparation and fair presentation of these financial statements in accordance with accounting principles generally accepted
in the United States of America; this includes the design, implementation, and maintenance of internal control relevant to the preparation and fair presentation of financial statements that are free from material misstatement, whether due to fraud
or error. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Auditor&#146;s Responsibility </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Our
responsibility is to express an opinion on these financial statements based on our audits. We conducted our audits in accordance with auditing standards generally accepted in the United States of America. Those standards require that we plan and
perform the audit to obtain reasonable assurance about whether the financial statements are free from material misstatement. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">An audit involves performing
procedures to obtain audit evidence about the amounts and disclosures in the financial statements. The procedures selected depend on the auditor&#146;s judgment, including the assessment of the risks of material misstatement of the financial
statements, whether due to fraud or error. In making those risk assessments, the auditor considers internal control relevant to the Plan&#146;s preparation and fair presentation of the financial statements in order to design audit procedures that
are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Plan&#146;s internal control. Accordingly, we express no such opinion. An audit also includes evaluating the appropriateness of
accounting policies used and the reasonableness of significant accounting estimates made by the Plan&#146;s management, as well as evaluating the overall presentation of the financial statements. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt;margin-bottom:0pt" ALIGN="center">


<IMG SRC="g765432ssp31.jpg" ALT="LOGO">
 </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Opinion </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">In our opinion, the financial statements referred to above present fairly, in all material respects, the net assets available for benefits of the Farmers
National Bank 401(k) Retirement Savings Plan as of December&nbsp;31, 2018 and 2017, and the changes in its net assets available for benefits for the years then ended in accordance with accounting principles generally accepted in the United States of
America. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Report on Supplementary Information </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Our
audits were conducted for the purpose of forming an opinion on the financial statements as a whole. The supplementary schedule of assets (held at end of year) as of December&nbsp;31, 2018 is presented for the purpose of additional analysis and is
not a required part of the financial statements but is supplementary information required by the Department of Labor&#146;s Rules and Regulations for Reporting and Disclosure under the Employee Retirement Income Security Act of 1974. Such
information is the responsibility of the Plan&#146;s management and was derived from and relates directly to the underlying accounting and other records used to prepare the financial statements. The information has been subjected to the auditing
procedures applied in the audit of the financial statements and certain additional procedures, including comparing and reconciling such information directly to the underlying accounting and other records used to prepare the financial statements or
to the financial statements themselves, and other additional procedures in accordance with auditing standards generally accepted in the United States of America. In our opinion, the information is fairly stated in all material respects in relation
to the financial statements as a whole. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="40%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt">


<TR>
<TD WIDTH="100%"></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman">/s/ SKODA MINOTTI&nbsp;&amp; CO.</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">SKODA MINOTTI&nbsp;&amp; CO.</TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Cleveland, Ohio </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">June&nbsp;20,
2019 </P>
</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><A NAME="tx765432_2"></A>FARMERS NATIONAL BANK 401(k) RETIREMENT SAVINGS PLAN </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">STATEMENTS OF NET ASSETS AVAILABLE FOR BENEFITS </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">DECEMBER&nbsp;31, 2018 AND 2017 </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="80%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000">2018</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000">2017</TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">INVESTMENTS, AT FAIR VALUE</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><FONT STYLE="white-space:nowrap">Non-interest-bearing</FONT> cash</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">21,479</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">39,721</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Registered investment companies</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">24,178,753</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">25,618,827</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Farmers National Banc Corp. Common Stock</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">985,136</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,043,609</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">25,185,368</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">26,702,157</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">FULLY BENEFIT-RESPONSIVE INVESTMENT CONTRACT AT CONTRACT VALUE</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,272,846</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,550,101</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">RECEIVABLES</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Notes receivable from participants</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">6,991</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">8,669</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Employee contributions</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">54,661</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Employer contributions</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">17,015</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">6,991</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">80,345</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">26,465,205</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">28,332,603</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">LIABILITY</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Corrective distributions payable</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(27,991</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">NET ASSETS AVAILABLE FOR BENEFITS</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">26,465,205</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">28,304,612</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The accompanying notes are an integral part of these financial statements. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">-4- </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">F<A NAME="tx765432_3"></A>ARMERS NATIONAL BANK 401(k) RETIREMENT SAVINGS PLAN </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">STATEMENTS OF CHANGES IN NET ASSETS AVAILABLE FOR BENEFITS </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">YEARS ENDED DECEMBER&nbsp;31, 2018 AND 2017 </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="80%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000">2018</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000">2017</TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">ADDITIONS TO NET ASSETS ATTRIBUTED TO:</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Investment income</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:5.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Net appreciation in fair value of investments</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">$</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">3,059,458</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:5.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Interest and dividends</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,333,965</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">845,527</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,333,965</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3,904,985</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Other income</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">299</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">281</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Contributions</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:5.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Participants&#146;</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,767,152</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,617,060</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:5.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Companies&#146;</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">567,665</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">559,773</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:5.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Rollovers</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">467,755</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">143,073</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2,802,572</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2,319,906</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:7.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Total additions</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">4,136,836</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">6,225,172</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">DEDUCTIONS FROM NET ASSETS ATTRIBUTED TO:</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Net depreciation in fair value of investments</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3,142,796</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Benefits paid to participants</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2,796,802</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,799,630</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Administrative expense</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">36,645</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">31,703</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:7.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Total deductions</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">5,976,243</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,831,333</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">NET INCREASE (DECREASE)</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(1,839,407</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">4,393,839</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">NET ASSETS AVAILABLE FOR BENEFITS:</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">BEGINNING OF YEAR</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">28,304,612</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">23,910,773</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">END OF YEAR</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">26,465,205</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">28,304,612</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The accompanying notes are an integral part of these financial statements. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">-5- </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><A NAME="tx765432_4"></A>FARMERS NATIONAL BANK 401(k) RETIREMENT SAVINGS PLAN </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">NOTES TO THE FINANCIAL STATEMENTS </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">1.</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">DESCRIPTION OF PLAN </P></TD></TR></TABLE>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">The following brief description of the Farmers National Bank 401(k) Retirement Savings Plan (the Plan) provides only general information. The
Plan covers eligible employees from Farmers National Bank of Canfield, Farmers Trust Company, Farmers National Insurance LLC and National Associates Inc. (collectively, the Companies). Participants should refer to the Plan document for a more
complete description of the Plan&#146;s provisions. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman"><U>General</U> </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">The Plan is a defined contribution plan and is subject to the provisions of the Employee Retirement Income Security Act of 1974 (ERISA), as
amended.&nbsp;&nbsp;&nbsp;&nbsp; </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">Employees are eligible to participate in the Plan and receive employer matching and discretionary
contributions when they are age 21 or older and have completed 90 days of service. Plan entry dates are January 1st, April 1st, July 1st and October 1st following the date of eligibility. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman"><U>Contributions</U> </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">A
participant may contribute, through payroll reductions, from 1% to 100% of their compensation to the Plan on a <FONT STYLE="white-space:nowrap">pre-tax</FONT> basis and/or Roth contributions, up to the maximum dollar amount allowed by law (plus <FONT
STYLE="white-space:nowrap">catch-up</FONT> contributions as defined by the Plan document). Participants may also make rollover contributions to the Plan from other qualified defined benefit or defined contribution plans.&nbsp;&nbsp;&nbsp;&nbsp; </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">The Plan permits matching contributions, discretionary contributions, qualified <FONT STYLE="white-space:nowrap">non-elective</FONT>
contributions (QNEC) and qualified matching contributions (QMAC) by the Companies. The Companies match 50% of the first 6% of compensation that the participant contributes to the Plan. The Companies do not match
<FONT STYLE="white-space:nowrap">catch-up</FONT> contributions. Employer matching contributions totaled $567,665 and $559,773 for the Plan years ended December&nbsp;31, 2018 and 2017, respectively. During the years ended December&nbsp;31, 2018 and
2017, the Companies did not make any discretionary contributions, QNEC, or QMAC. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman"><U>Participant Accounts</U> </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">Each participant&#146;s account is credited with the participant&#146;s contributions, the Companies&#146; allocation of discretionary employer
contributions, matching contributions, and any earnings thereon, and charged with an allocation of administrative expenses. Discretionary contributions are allocated as a percentage of compensation of eligible participants for the Plan year.
Allocations of the earnings and expenses are based on the participant&#146;s account balances. The benefit to which a participant is entitled is the benefit that can be provided from the participant&#146;s vested account. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">-6- </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">FARMERS NATIONAL BANK 401(k) RETIREMENT SAVINGS PLAN </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">NOTES TO THE FINANCIAL STATEMENTS </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">1.</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">DESCRIPTION OF PLAN (continued) </P></TD></TR></TABLE>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman"><U>Vesting</U> </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">Participants are
immediately vested in their contributions plus earnings thereon. Vesting in the Companies&#146; matching and discretionary contributions is based on years of continuous service according to the following schedule: </P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="68%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="81%"></TD>
<TD VALIGN="bottom" WIDTH="17%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom" NOWRAP> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-bottom:1.00pt solid #000000; display:table-cell; font-size:8pt; font-family:Times New Roman; ">Years of Service</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000">Vested&nbsp;Percentage</TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Less than 2 years</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">0</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">2 years but less than 3</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">20</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">3 years but less than 4</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">40</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">4 years but less than 5</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">60</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">5 years but less than 6</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">80</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">6 years or more</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">100</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD></TR>
</TABLE> <P STYLE="margin-top:18pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman"><U>Forfeitures</U> </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">Forfeited nonvested accounts totaled $21,479 and $39,721 at December&nbsp;31, 2018 and 2017, respectively. Forfeitures may be used to reduce
the Companies&#146; matching contributions to the Plan, restore participants&#146; forfeitures, be added to the Companies&#146; matching contributions or used to offset Plan expenses as defined by the Plan document. During&nbsp;&nbsp;&nbsp;&nbsp;and
, forfeitures of $34,740 and $35,896, respectively, were used to reduce the Companies&#146; matching contributions, and no forfeitures were reallocated to participants in the Plan. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman"><U>Investment Options</U> </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">Upon
enrollment in the Plan, participants may direct contributions to their accounts into various investment options offered by the Plan. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman"><U>Payment of Benefits</U> </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">On
termination of service due to death, disability, retirement, or separation of service, a participant may elect to receive installment payments or a <FONT STYLE="white-space:nowrap">lump-sum</FONT> amount equal to the value of the participant&#146;s
vested interest in his or her account. Participants may also elect to receive periodic payments through a life annuity equal to the value of the participant&#146;s vested interest in his or her account. Upon proven financial hardship, participants
may elect to receive a distribution equal to the value of their deferral contributions plus rollovers. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">-7- </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">FARMERS NATIONAL BANK 401(k) RETIREMENT SAVINGS PLAN </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">NOTES TO THE FINANCIAL STATEMENTS </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">2.</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES </P></TD></TR></TABLE>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman"><U>Basis of Accounting</U> </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">The
accompanying financial statements are prepared on the accrual basis of accounting. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">Investments held by a defined contribution plan are
required to be reported at fair value, except for fully benefit-responsive investment contracts. Contract value is the relevant measurement attribute for that portion of the net assets available for benefits of a defined contribution plan
attributable to fully benefit-responsive investment contracts because contract value is the amount participants would receive if they were to initiate permitted transactions under the terms of the Plan. Contract value, as reported to the Plan by
EMJAY Corporation, the custodian of the Plan, represents contributions made under the contract, plus earnings, less participant withdrawals, wrapper fees, and administrative expenses.&nbsp;&nbsp;&nbsp;&nbsp; </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman"><U>Investment Valuation and Income Recognition</U> </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">Investments are reported at fair value, except for fully benefit-responsive investment contracts. Fair value is the price that would be
received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. See Note 3 for a discussion of fair value measurements. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">Purchases and sales of securities are recorded on a trade-date basis. Interest income is recorded on the accrual basis. Dividends are recorded
on the <FONT STYLE="white-space:nowrap">ex-dividend</FONT> date. Net appreciation (depreciation) includes the Plan&#146;s gains and losses on the investments purchased and sold, as well as held during the year. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">The Plan&#146;s registered investment companies and Farmers National Banc Corp. Common Stock (including gains and losses on investments
purchased and sold, as well as held during the year) depreciated in value by $3,142,796 and appreciated in value by $3,059,458 during the years ended December&nbsp;31, 2018 and 2017, respectively. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman"><U>Payment of Benefits</U> </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">Benefits are recorded when paid. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman"><U>Administrative Expenses</U> </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">The Plan allows administrative expenses to be paid either by the Plan or the Companies, at the discretion of the Companies. During the years
ended, administrative expenses paid by the Plan were $36,645 and $31,703, respectively. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">-8- </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">FARMERS NATIONAL BANK 401(k) RETIREMENT SAVINGS PLAN </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">NOTES TO THE FINANCIAL STATEMENTS </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">2.</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued) </P></TD></TR></TABLE>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman"><U>Use of Estimates</U> </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">The
preparation of financial statements in conformity with U.S. generally accepted accounting principles (GAAP) requires management to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes.
Actual results could differ from those estimates. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman"><U>Subsequent Events</U> </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">The Plan evaluated subsequent events through the date of the Independent Auditor&#146;s Report, the date these financial statements were
available to be issued. There were no material subsequent events that required recognition or additional disclosure in these financial statements. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman"><U>Notes Receivable from Participants</U> </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">Notes receivable from participants are measured at their unpaid principal balance plus any accrued but unpaid interest.&nbsp;Delinquent notes
receivable are reclassified as distributions based upon the terms of the Plan document.&nbsp;Interest income of $299 and $281 for 2018 and 2017, respectively, has been recorded as other income in the accompanying Statements of Changes in Net Assets
Available for Benefits. </P> <P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">3.</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">FAIR VALUE MEASUREMENTS </P></TD></TR></TABLE>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">GAAP establishes a framework for measuring fair value. That framework provides a fair value hierarchy that prioritizes the inputs to valuation
techniques used to measure fair value. It applies to fair value measurements already recognized or permitted by existing standards. The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or
liabilities (Level 1 measurements) and the lowest priority to unobservable inputs used in valuation models (Level 3 measurements). </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">-9- </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">FARMERS NATIONAL BANK 401(k) RETIREMENT SAVINGS PLAN </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">NOTES TO THE FINANCIAL STATEMENTS </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">3.</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">FAIR VALUE MEASUREMENTS (continued) </P></TD></TR></TABLE>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:8%; font-size:10pt; font-family:Times New Roman">The three levels of the fair value hierarchy under GAAP are described as follows: </P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="12%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="11%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="75%"></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Level&nbsp;1</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">Inputs to the valuation methodology are unadjusted quoted prices for identical assets or liabilities in active markets that the Plan has the ability to access.</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Level&nbsp;2</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">Quoted prices for similar assets or liabilities in active markets; quoted prices for identical or similar assets or liabilities in inactive markets. Level&nbsp;2 inputs include those other than quoted prices that are observable
for the asset or liability. Level&nbsp;2 inputs are derived principally from, or are corroborated by, observable market data by correlation or other means. If the asset or liability has a specified term, the Level&nbsp;2 input must be observable for
substantially the full term of the asset or liability.</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Level&nbsp;3</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">Inputs to the valuation methodology are unobservable and significant to the fair value measurement.</TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">The asset&#146;s or liability&#146;s fair value measurement level within the fair value hierarchy is based on
the lowest level of any input that is significant to the fair value measurement. Valuation techniques used should maximize the use of observable inputs and minimize the use of unobservable inputs. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">Following is a description of the valuation methodologies used for assets measured at fair value. There have been no changes in the
methodologies used at December 31, 2018 and 2017. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:13%; font-size:10pt; font-family:Times New Roman"><FONT STYLE="white-space:nowrap">Non-interest-bearing</FONT> cash &#150; Valued at
cost, which equals fair value. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:13%; font-size:10pt; font-family:Times New Roman">Registered investment companies and common stock &#150; Valued at the closing price reported on the active
market on which the individual securities are traded. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">The preceding methods described may produce a fair value calculation that may not be
indicative of net realizable value or reflective of future fair values. Furthermore, although the Plan believes its valuation methods are appropriate and consistent with other market participants, the use of different methodologies or assumptions to
determine the fair value of certain financial instruments could result in a different fair value measurement at the reporting date. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">-10- </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">FARMERS NATIONAL BANK 401(k) RETIREMENT SAVINGS PLAN </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">NOTES TO THE FINANCIAL STATEMENTS </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">3.</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">FAIR VALUE MEASUREMENTS (continued) </P></TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">The following table sets forth by level, within the fair value hierarchy, the Plan&#146;s assets at fair value as of : </P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="76%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="72%"></TD>
<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000">Level&nbsp;1</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000">Total</TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><FONT STYLE="white-space:nowrap">Non-interest-bearing</FONT> cash</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">21,479</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">21,479</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Registered investment companies</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">24,178,753</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">24,178,753</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Common stock</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">985,136</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">985,136</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Total assets at fair value</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">25,185,368</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">25,185,368</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">The following table sets forth by level, within the fair value hierarchy, the Plan&#146;s assets at fair value
as of : </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="76%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="72%"></TD>
<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000">Level&nbsp;1</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000">Total</TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><FONT STYLE="white-space:nowrap">Non-interest-bearing</FONT> cash</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">39,721</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">39,721</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Registered investment companies</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">25,618,827</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">25,618,827</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Common stock</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,043,609</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,043,609</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Total assets at fair value</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">26,702,157</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">26,702,157</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
</TABLE> <P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">4.</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">GUARANTEED INVESTMENT CONTRACT </P></TD></TR></TABLE>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">The Plan is invested in a Guaranteed Interest Fund (the Fund), a fully benefit-responsive investment contract through Great-West
Life&nbsp;&amp; Annuity Insurance Company. The Fund invests primarily in stable value products, such as traditional guaranteed investment funds (GIFs), separate account GIFs, and synthetic GIFs. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">The key difference between a synthetic investment contract and a traditional investment contract is that the Plan owns the underlying assets of
the synthetic investment contract. A synthetic investment contract includes a wrapper contract which is an agreement for the wrap issuer, such as a bank or insurance company, to make payments to the Plan in certain circumstances. The wrapper
contract typically includes certain conditions and limitations on the underlying assets owned by the Plan. With traditional investment contracts, the Plan owns only the contract itself. Synthetic and traditional investment contracts are designed to
accrue interest based on crediting rates established by the contract issuers. The contract held by the Plan is considered a traditional investment contract. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">The traditional investment contract held by the Plan is a guaranteed investment contract. The contract issuer is contractually obligated to
repay the principal and interest at a specified interest rate that is guaranteed to the Plan. The crediting rate is based on a formula established by the contract issuer but may not be less than 0%. The crediting rate is reviewed on a quarterly
basis for resetting. The contract cannot be terminated before the scheduled maturity date. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">-11- </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">FARMERS NATIONAL BANK 401(k) RETIREMENT SAVINGS PLAN </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">NOTES TO THE FINANCIAL STATEMENTS </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">4.</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">GUARANTEED INVESTMENT CONTRACT (continued) </P></TD></TR></TABLE>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">The Plan&#146;s ability to receive amounts due in accordance with fully benefit-responsive investment contracts is dependent on the third-party
issuer&#146;s ability to meet its financial obligations. The issuer&#146;s ability to meet its contractual obligations may be affected by future economic and regulatory developments. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">Certain events might limit the ability of the Plan to transact at contract value with the contract issuer. These events may be different under
each contract. Examples of such events include the following: </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="13%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">1.</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">The Plan&#146;s failure to qualify under Section&nbsp;401(a) of the Internal Revenue Code or the failure of the
trust to be <FONT STYLE="white-space:nowrap">tax-exempt</FONT> under Section&nbsp;501(a) of the Internal Revenue Code </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="13%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">2.</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">Premature termination of the contracts </P></TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="13%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">3.</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">Plan termination or merger </P></TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="13%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">4.</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">Changes to the Plan&#146;s prohibition on competing investment options </P></TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="13%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">5.</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">Bankruptcy of plan sponsor or other plan sponsor events (for example, divestitures or spinoff of a subsidiary)
that significantly affect the Plan&#146;s normal operations. </P></TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">In addition, certain events allow the issuer to terminate
the contracts with the Plan and settle at an amount different from contract value. Those events may be different under each contract. Examples of such events include the following: </P>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="13%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">1.</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">An uncured violation of the Plan&#146;s investment guidelines </P></TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="13%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">2.</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">A breach of material obligation under the contract </P></TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="13%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">3.</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">A material misrepresentation </P></TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="13%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">4.</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">A material amendment to the agreements without the consent of the issuer. </P></TD></TR></TABLE>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">Certain events limit the ability of the Plan to transact at contract value, allow the issuer to terminate the contract, or require the Plan
sponsor to settle at an amount different than the contract value. Such events include the following: (1)&nbsp;mergers, (2) mass layoffs, (3)&nbsp;Plan terminations, (4) implementation of early retirement incentive programs, or (5)&nbsp;other events
within the control of the Fund or Plan sponsor resulting in a material and adverse financial impact on the issuer&#146;s obligations under the GICs. The Plan&#146;s management has no knowledge that the occurrence of any such event, which would limit
the Plan&#146;s ability to transact at contract value with participants, is probable. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">Distributions to the Funds&#146; unit holders are
declared daily from the net investment income and automatically reinvested in the Funds on a monthly basis, when paid. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">-12- </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">FARMERS NATIONAL BANK 401(k) RETIREMENT SAVINGS PLAN </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">NOTES TO THE FINANCIAL STATEMENTS </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">5.</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">TAX STATUS </P></TD></TR></TABLE>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">The Companies adopted a Prototype <FONT STYLE="white-space:nowrap">Non-Standardized</FONT> Profit Sharing Plan, which received a favorable
opinion letter from the Internal Revenue Service (IRS) on March&nbsp;31, 2014, which stated that the Plan, as then designed, was in compliance with the applicable requirements of the Internal Revenue Code (IRC). The Plan has been amended since
receiving the determination letter, however the Plan sponsor believes the Plan as currently designed, is being operated in compliance with the applicable requirements of the IRC. Therefore, no provision for income taxes has been included in the
Plan&#146;s financial statements. </P> <P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">6.</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">PLAN TERMINATION </P></TD></TR></TABLE>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">Although they have not expressed any intent to do so, the Companies have the right under the Plan to discontinue contributions at any time and
to terminate the Plan, subject to the provisions of ERISA. In the event of Plan termination, participants will become 100% vested in their accounts. </P> <P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">7.</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left"><FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">PARTY-IN-INTEREST</FONT></FONT> TRANSACTIONS
</P></TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">Certain Plan investments are shares of registered investment companies managed by Federated Investors, Inc. (Federated),
and a guaranteed interest fund managed by Great-West Life&nbsp;&amp; Annuity Insurance Company. Federated is related to the Record Keeper of the Plan, Great- West Financial, and is related to EMJAY Corporation, the custodian. Since these parties are
related, these transactions are considered <FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">party-in-interest</FONT></FONT> transactions. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">During 2018, the Plan purchased 9,973 shares and sold 3,400 shares of Farmers National Banc Corp. Common Stock. The Plan holds 77,326 shares of
Farmers National Banc Corp. Common Stock at December&nbsp;31, 2018 with a cost basis of $752,232. During 2017, the Plan purchased 10,756 shares and sold 6,369 shares of Farmers National Banc Corp. Common Stock. The Plan held 70,753 shares of Farmers
National Banc Corp. Common Stock at December&nbsp;31, 2017 with a cost basis of $638,433. During the years ended, the Plan recorded dividend income on Farmers National Banc Corp. Common Stock of $22,422 and $15,899, respectively. During the years
ended, the Plan recorded depreciation on Farmers National Banc Corp. Common Stock of $155,121 and appreciation of $43,800, respectively. </P> <P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">8.</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">CORRECTIVE DISTRIBUTIONS PAYABLE </P></TD></TR></TABLE>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">In order to pass the 2017 Actual Deferral Percentage (ADP) Test, the Plan&#146;s management elected to refund excess elective deferrals and
earnings thereon to certain highly-compensated employees. The calculated amount for 2017 was $27,991 and was distributed by February&nbsp;21, 2018. These amounts have been included as a corrective distributions payable in the accompanying Statement
of Net Assets Available for Benefits at December&nbsp;31, 2017. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">-13- </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">FARMERS NATIONAL BANK 401(k) RETIREMENT SAVINGS PLAN </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">NOTES TO THE FINANCIAL STATEMENTS </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">9.</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">RISKS AND UNCERTAINTIES </P></TD></TR></TABLE>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">The Plan invests in various investment securities which are exposed to various risks such as interest rate, market and credit risks. Due to the
level of risk associated with certain investment securities, it is at least reasonably possible that changes in the values of investment securities will occur in the near term and that such changes could materially affect participants&#146; account
balances and the amounts reported in the Statements of Net Assets Available for Benefits. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">-14- </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><A NAME="tx765432_6"></A>FARMERS NATIONAL BANK 401(k) RETIREMENT SAVINGS PLAN </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">EIN: <FONT STYLE="white-space:nowrap">34-0214400</FONT> </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">PLAN NO: 002 </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">SCHEDULE H, LINE 4i
- SCHEDULE OF ASSETS </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">(HELD AT END OF YEAR) </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">DECEMBER&nbsp;31, 2018 </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="2%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="68%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom" ALIGN="center">(a)</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">(b)</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="6" ALIGN="center">(c)</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center">(e)</TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center">Identity of issue, borrower,</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman" ALIGN="center">lessor or similar party</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="6" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000">Description of investment,<br>including maturity date,<br>rate of interest, collateral,<br>par, or maturity value</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000">Current<br>value</TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B><I><FONT STYLE="white-space:nowrap">Non-interest-bearing</FONT> cash</I></B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right"> 21,479</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B><I>Registered investment companies</I></B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">American Century Value R6</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">75,299</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">shares</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">551,190</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">American Funds Amcap R6</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">104,962</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">shares</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2,962,042</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">*</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Federated Government Obligations Fund</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,130,770</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">shares</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,130,770</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">*</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Federated High Yield Bond Fund</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">33,074</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">shares</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">302,954</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">*</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Federated Total Return Bond R6</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">167,393</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">shares</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,747,582</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">*</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Federated Ultrashort Bond Instl</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">23,004</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">shares</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">208,183</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Fidelity Advisor Real Estate Fund</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">10,943</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">shares</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">212,833</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Goldman Sachs Small/Mid Cap Growth Fund</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">46,952</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">shares</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">824,000</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">JP Morgan Small Cap Core R5</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">5,109</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">shares</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">221,261</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Oppenheimer Developing Markets Fund</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">12,352</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">shares</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">471,465</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Oppenheimer International Growth I</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">41,803</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">shares</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,449,719</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Oppenheimer Main Street I</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">4,223</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">shares</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">165,163</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">PIMCO Commodity Real Ret Strat Instl</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">20,253</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">shares</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">112,204</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">T. Rowe Price Retirement 2010 Fund</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2,174</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">shares</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">35,281</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">T. Rowe Price Retirement 2015 Fund</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">14,958</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">shares</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">194,453</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">T. Rowe Price Retirement 2020 Fund</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">61,073</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">shares</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,192,749</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">T. Rowe Price Retirement 2025 Fund</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">30,446</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">shares</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">469,780</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">T. Rowe Price Retirement 2030 Fund</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">85,463</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">shares</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,905,819</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">T. Rowe Price Retirement 2035 Fund</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">34,974</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">shares</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">568,680</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">T. Rowe Price Retirement 2040 Fund</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">11,032</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">shares</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">254,065</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">T. Rowe Price Retirement 2045 Fund</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">26,691</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">shares</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">417,715</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">T. Rowe Price Retirement 2050 Fund</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">6,285</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">shares</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">82,956</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">T. Rowe Price Retirement 2055 Fund</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">22,874</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">shares</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">305,821</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Vanguard 500 Index Fund</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">19,700</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">shares</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">4,559,298</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Vanguard Mid Cap Index Fund</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">25,227</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">shares</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">951,298</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Vanguard Mid Cap Value Index Fund</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">15,404</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">shares</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">759,873</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Vanguard Small Cap Index Fund</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">33,564</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">shares</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2,121,599</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><I>Balance to next page</I></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">24,200,232</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
</TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="2%" VALIGN="top" ALIGN="left">*</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left"><FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">Parties-in-interest</FONT></FONT>
</P></TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">See the Independent Auditors&#146; Report. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">-15- </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">FARMERS NATIONAL BANK 401(k) RETIREMENT SAVINGS PLAN </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">EIN: <FONT STYLE="white-space:nowrap">34-0214400</FONT> </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">PLAN NO: 002 </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">SCHEDULE H, LINE 4i
- SCHEDULE OF ASSETS </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">(HELD AT END OF YEAR) </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">DECEMBER&nbsp;31, 2018 </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="2%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="59%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="20%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="8%"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom" ALIGN="center">(a)</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">(b)</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">(c)</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">(e)</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center">Identity of issue, borrower,</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman" ALIGN="center">lessor or similar party</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center">Description of investment,</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center">including maturity date,</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center">rate of
interest, collateral,</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman" ALIGN="center">par, or maturity value</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center">Current</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman" ALIGN="center">value</P></TD></TR>


<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><I>Balance from prior page</I></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">$&nbsp;24,200,232</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">*</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B><I>Farmers National Banc Corp. Common Stock</I></B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">77,326 shares</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">985,136</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B><I>Fully benefit-responsive investment contract</I></B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">*</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Guaranteed Interest Fund</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">N/A shares</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,272,846</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">*</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"><B><I>Notes receivable from participants</I></B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">Interest rates of</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">3.25% - 4.25%</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">with various</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">maturities through</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">2020</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">6,991</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">$&nbsp;26,465,205</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD></TR>
</TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="2%" VALIGN="top" ALIGN="left">*</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">Parties-in-interest </P></TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">See the Independent Auditors&#146; Report. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">-16- </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><U><A NAME="tx765432_7"></A><A NAME="tx765432_7"></A>SIGNATURE </U></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Pursuant to the requirements of the Securities Exchange Act of 1934, the trustees (or other persons who administer the Farmers National Bank 401(k) Retirement
Savings Plan) have duly caused this annual report to be signed on its behalf by the undersigned thereunto duly authorized. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Farmers National Bank 401(k)
</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">Retirement Savings Plan </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="40%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt">


<TR>
<TD WIDTH="100%"></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman">/s/ Mark A. Nicastro</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Mark A. Nicastro</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Chief Human Resources Officer</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Farmers National Banc Corp.</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">June&nbsp;27, 2019</TD></TR>
</TABLE>
</DIV></Center>

</BODY></HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-23.1
<SEQUENCE>2
<FILENAME>d765432dex231.htm
<DESCRIPTION>EX-23.1
<TEXT>
<HTML><HEAD>
<TITLE>EX-23.1</TITLE>
</HEAD>
 <BODY BGCOLOR="WHITE">


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B>Exhibit 23.1 </B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt;margin-bottom:0pt">


<IMG SRC="g765432sp20.jpg" ALT="LOGO">
 </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">Consent of Independent Registered Public Accounting Firm </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">We consent to the incorporation by reference in the Registration Statement (Form <FONT STYLE="white-space:nowrap">S-8</FONT>
<FONT STYLE="white-space:nowrap">No.&nbsp;333-188570)</FONT> pertaining to the Farmers National Bank 401(k) Retirement Savings Plan of our report dated June&nbsp;20, 2019, with respect to the financial statements and schedule of the Farmers National
Bank 401(k) Retirement Savings Plan included in this Annual Report (Form <FONT STYLE="white-space:nowrap">11-K)</FONT> for the years ended December&nbsp;31, 2018 and 2017. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="40%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt">


<TR>
<TD WIDTH="100%"></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman">/s/ Skoda Minotti&nbsp;&amp; Co.</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Skoda Minotti&nbsp;&amp; Co.</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Cleveland, Ohio</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">June&nbsp;27, 2019</P>
<P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD></TR>
</TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt;margin-bottom:0pt" ALIGN="center">


<IMG SRC="g765432sp22.jpg" ALT="LOGO">
 </P>

</DIV></Center>

</BODY></HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>3
<FILENAME>g765432sp20.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 g765432sp20.jpg
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M 0$! 0$! 0        $" P0%!@<("0H+$  " 0,# @0#!04$!    7T! @,
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M&:U-)#J_B"$LPDE:'RE]?O=* JN2EH:'C@7,>M:5<6N[=:6\TVP?Q8,8Q^M
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11+B@84 % !0 4 % !0!__]D!

end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>4
<FILENAME>g765432sp22.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 g765432sp22.jpg
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M 0$! 0$! 0        $" P0%!@<("0H+$  " 0,# @0#!04$!    7T! @,
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M7+*Q(MR _M18.82+6[2:41QR9<R",#'5L$_R!HY1\Q+/J<%O>V]HYQ)/G;^
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M<V<(A^:?=NY^[@D?TIV%S%\ZQ:^7OW\#=W_NXS_.E8?,0PZY#("SKL0;^O\
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M/0X)_I2L5S%:7Q/'$+EC%E8-F"&^]N('\S18+E^[U3[/;6TWD[A-(B?>Z;F
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M4B[BT )0 8H%8*!BT@"@ I@% !0 4 % !0 4 % !0 4 % !0 4 % !0 4 %
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K^E!48V-<=*"PH * "@ H * "@ H * "@ H * "@ H * "@ H * "@#__V0$!

end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>5
<FILENAME>g765432ssp3.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 g765432ssp3.jpg
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M 0$! 0$! 0        $" P0%!@<("0H+$  " 0,# @0#!04$!    7T! @,
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M36Y::>Q=I#(XY"\DJXQL;'UX!_K0!)TH 3- !G% "T )F@ S0&H9H 6@!,T
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MS5TM-NII2_\ )4K3_L$O_P"C10:-OZREY&-X)2S_ .$GUUV>Q^V?VA<A5/\
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MG%L6+1A<@AAU/T^F*"HSDW=F\CB1%=<X(R,C!_*D;K4=0 4 % !0 4 % !0
M4 % !0 4 % !0 4 % !0 4 % !0 F* #:!VH -HH -HH -HH 38*!6*$.E".
M?<\OF1+*TT<97[C$DDYSSU/Y^U!"IV=V7]HH-!=HH -HH -HH -HH -HH!ZA
=@4 &T4 &T>E !M% K"]*!A0 4 % !0 4 % '_]D!

end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>6
<FILENAME>g765432ssp31.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 g765432ssp31.jpg
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M 0$! 0$! 0        $" P0%!@<("0H+$  " 0,# @0#!04$!    7T! @,
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M=8TR\OTMI8#&EQ K.NXY DX*_AD<^U*+L-JYFR>&K^&QAM;1T(CG$F]G(/\
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M(CYNY2=Q?R5C*X]/ESFFVF@4;,JW'A?4FNKJ5'5XC<&5(OM+INR9,G('R<2
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M4*-Q;MU.6//_ .NDW<<58TZ104 % !0 4 % !0 4 % %#6+BZM-,DFLHTDN
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M6UN;>PU"2)KR:1E4VY^4C?M!P3D'ID#.*"/:J.C'/XA+)$Z6DJ0RP/,)'VG
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M5EDCMA*3&I9LKVS@'K_%C(]J!QJQD4+?Q9'=ZMI]M%&1#=QRD X+AT91CAL
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M([@9Q_,_G04HI;%F@84 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0
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M(7."0.IY/- XP4=C1[4%A0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4
M% !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0
M 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 % !0 4 %
' !0 4 ?_V0$!

end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
