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Parent Company Only Condensed Financial Information (Tables) | 12 Months Ended
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Dec. 31, 2023
Condensed Financial Information Disclosure [Abstract] |
Schedule of Parent Company Only Condensed Financial Information | Below is condensed financial information of Farmers National Banc Corp. (parent company only). This information should be read in conjunction with the consolidated financial statements and related notes.
December 31, |  | 2023 |  |  | 2022 |
BALANCE SHEETS |  |  |  |  |  |
Assets: |  |  |  |  |  |
Cash |  | $ | 57,071 |  |  | $ | 104,497 |
Investment in subsidiaries |  |  |  |  |  |
Bank |  |  | 424,393 |  |  |  | 261,631 |
Farmers Trust |  |  | 13,431 |  |  |  | 13,598 |
Captive |  |  | 0 |  |  |  | 2,722 |
Other investments |  |  | 424 |  |  |  | 600 |
Total assets |  | $ | 495,319 |  |  | $ | 383,048 |
Liabilities: |  |  |  |  |  |
Other liabilities |  | $ | 2,241 |  |  | $ | 2,542 |
Subordinated debt |  |  | 88,663 |  |  |  | 88,211 |
Total liabilities |  |  | 90,904 |  |  |  | 90,753 |
Total stockholders' equity |  |  | 404,415 |  |  |  | 292,295 |
Total liabilities and stockholders' equity |  | $ | 495,319 |  |  | $ | 383,048 |
STATEMENTS OF INCOME |  |  |  |  |  |  |  |  |
Years ended December 31, |  |  | 2023 |  |  |  | 2022 |  |  |  | 2021 |
Income: |  |  |  |  |  |  |  |  |
Dividends from subsidiaries |  |  |  |  |  |  |  |  |
Bank |  | $ | 20,000 |  |  | $ | 30,000 |  |  | $ | 45,620 |
Farmers Trust |  |  | 4,000 |  |  |  | 8,000 |  |  |  | 2,800 |
Captive Insurance |  |  | 0 |  |  |  | 1,400 |  |  |  | 1,135 |
Interest and dividends on securities |  |  | 44 |  |  |  | 0 |  |  |  | 11 |
Security gains/(losses) |  |  | 0 |  |  |  | 0 |  |  |  | 130 |
Total Income |  |  | 24,044 |  |  |  | 39,400 |  |  |  | 49,696 |
Interest on borrowings |  |  | 4,086 |  |  |  | 3,428 |  |  |  | 918 |
Other expenses |  |  | 4,109 |  |  |  | 3,451 |  |  |  | 2,792 |
Income before income tax benefit and undistributed subsidiary income |  |  | 15,849 |  |  |  | 32,521 |  |  |  | 45,986 |
Income tax benefit |  |  | 1,624 |  |  |  | 1,345 |  |  |  | 611 |
Equity in undistributed net income of subsidiaries (dividends in excess of net income) |  |  |  |  |  |  |  |  |
Bank |  |  | 30,848 |  |  |  | 25,935 |  |  |  | 4,412 |
Farmers Trust |  |  | (320 | ) |  |  | 662 |  |  |  | 412 |
Captive |  |  | 1,931 |  |  |  | 134 |  |  |  | 423 |
Net Income |  | $ | 49,932 |  |  | $ | 60,597 |  |  | $ | 51,844 |
Comprehensive Income |  | $ | 87,868 |  |  | $ | (159,188 | ) |  | $ | 39,107 |
STATEMENTS OF CASH FLOWS |  |  |  |  |  |  |  |  |
Years ended December 31, |  |  | 2023 |  |  |  | 2022 |  |  |  | 2021 |
Cash flows from operating activities: |  |  |  |  |  |  |  |  |
Net income |  | $ | 49,932 |  |  | $ | 60,597 |  |  | $ | 51,844 |
Adjustments to reconcile net income to net cash from operating activities: |  |  |  |  |  |  |  |  |
Dividends in excess of net income (Equity in undistributed net income of subsidiaries) |  |  | (32,459 | ) |  |  | (26,731 | ) |  |  | (5,247 | )
Other |  |  | 5,481 |  |  |  | 559 |  |  |  | 6,846 |
Net cash from operating activities |  |  | 22,954 |  |  |  | 34,425 |  |  |  | 53,443 |
Cash flows from investing activities: |  |  |  |  |  |  |  |  |
Net cash paid in business combinations |  |  | (33,440 | ) |  |  | 0 |  |  |  | (29,618 | )
Net cash from investing activities |  |  | (33,440 | ) |  |  | 0 |  |  |  | (29,618 | )
Cash flows from financing activities: |  |  |  |  |  |  |  |  |
Proceeds from long term borrowings |  |  | 0 |  |  |  | 0 |  |  |  | 73,749 |
Repurchase of common shares |  |  | (11,544 | ) |  |  | 0 |  |  |  | (164 | )
Cash dividends paid |  |  | (25,396 | ) |  |  | (22,004 | ) |  |  | (14,072 | )
Net cash from financing activities |  |  | (36,940 | ) |  |  | (22,004 | ) |  |  | 59,513 |
Net change in cash and cash equivalents |  |  | (47,426 | ) |  |  | 12,421 |  |  |  | 83,338 |
Beginning cash and cash equivalents |  |  | 104,497 |  |  |  | 92,076 |  |  |  | 8,738 |
Ending cash and cash equivalents |  | $ | 57,071 |  |  | $ | 104,497 |  |  | $ | 92,076 |

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- Definition Tabular disclosure of condensed financial statements, including, but not limited to, the balance sheet, income statement, and statement of cash flows. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Name Regulation S-X (SX) -Number 210 -Section 12 -Subsection 04 -Paragraph (a) -Publisher SEC Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 235 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 3 -Subparagraph (SX 210.12-04(a)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480678/235-10-S99-3 + Details
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