XML 60 R44.htm IDEA: XBRL DOCUMENT v3.8.0.1
ACNB CORPORATION (PARENT COMPANY ONLY) FINANCIAL INFORMATION (Tables)
 12 Months Ended
Dec. 31, 2017
Condensed Financial Information of Parent Company Only Disclosure [Abstract]  
Statements of Condition
 
December 31,
In thousands
2017
 
2016
ASSETS
 
 
 
Cash
$
9,440

 
$
8,563

Investment in banking subsidiary
143,288

 
100,395

Investment in other subsidiaries
8,517

 
8,768

Investments in low-income housing partnerships
689

 
1,016

Securities and other assets
1,548

 
1,232

Receivable from banking subsidiary
118

 
130

Total Assets
$
163,600

 
$
120,104

LIABILITIES AND STOCKHOLDERS’ EQUITY
 
 
 
Long-term debt
$
9,600

 
$
—

Other liabilities
34

 
43

Stockholders’ equity
153,966

 
120,061

Total Liabilities and Stockholders’ Equity
$
163,600

 
$
120,104
Statements of Income
 
Years Ended December 31,
In thousands
2017
 
2016
 
2015
Dividends from banking subsidiary
$
5,233

 
$
4,840

 
$
4,820

Gain on sale of securities
—

 
26

 
—

Other income
31

 
35

 
190

 
5,264

 
4,901

 
5,010

Expenses
1,572

 
854

 
431

 
3,692

 
4,047

 
4,579

Income tax benefit
507

 
490

 
381

 
4,199

 
4,537

 
4,960

Equity in undistributed earnings of subsidiaries
5,589

 
6,332

 
6,057

Net Income
$
9,788

 
$
10,869

 
$
11,017

Comprehensive Income
$
9,903

 
$
9,571

 
$
9,014
Statements of Cash Flows
 
Years Ended December 31,
In thousands
2017
 
2016
 
2015
CASH FLOWS FROM OPERATING ACTIVITIES
 
 
 
 
 
Net income
$
9,788

 
$
10,869

 
$
11,017

Equity in undistributed earnings of subsidiaries
(5,589
)
 
(6,332
)
 
(6,057
)
Decrease (Increase) in receivable from banking subsidiary
12

 
2,639

 
(131
)
Gain on sale of securities
—

 
(26
)
 
—

Other
129

 
540

 
86

Net Cash Provided by Operating Activities
4,340

 
7,690

 
4,915

CASH FLOWS FROM INVESTING ACTIVITIES
 
 
 
 
 
Return of investment from subsidiary
1,000

 
650

 
750

Outlay for business combination
(4,445
)
 
—

 
—

Net Cash (Used in) Provided by Investing Activities
(3,445
)
 
650

 
750

CASH FLOWS USED IN FINANCING ACTIVITIES
 
 
 
 
 
Proceeds from long-term debt
4,600

 
—

 
—

Repayments on long-term debt
—

 
—

 
(1,437
)
Proceeds from issuance of common stock
615

 
615

 
499

Dividends paid
(5,233
)
 
(4,840
)
 
(4,820
)
Net Cash Used in Financing Activities
(18
)
 
(4,225
)
 
(5,758
)
Net Increase (Decrease) in Cash and Cash Equivalents
877

 
4,115

 
(93
)
CASH AND CASH EQUIVALENTS — BEGINNING
8,563

 
4,448

 
4,541

CASH AND CASH EQUIVALENTS — ENDING
$
9,440

 
$
8,563

 
$
4,448