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ACNB CORPORATION (PARENT COMPANY ONLY) FINANCIAL INFORMATION

12 Months Ended

Dec. 31, 2018

Condensed Financial Information Disclosure [Abstract]

ACNB CORPORATION (PARENT COMPANY ONLY) FINANCIAL INFORMATION

ACNB CORPORATION (PARENT COMPANY ONLY) FINANCIAL INFORMATION

STATEMENTS OF CONDITION

	December 31,
In thousands	2018				2017
ASSETS
Cash	$	7,391			$	9,440
Investment in banking subsidiary	156,651				143,288
Investment in other subsidiaries	9,389				8,517
Investments in low-income housing partnerships	240				689
Securities and other assets	1,271				1,548
Receivable from banking subsidiary	518				118
Total Assets	$	175,460			$	163,600
LIABILITIES AND STOCKHOLDERS’ EQUITY
Long-term debt	$	7,300			$	9,600
Other liabilities	23				34
Stockholders’ equity	168,137				153,966
Total Liabilities and Stockholders’ Equity	$	175,460			$	163,600

STATEMENTS OF INCOME AND COMPREHENSIVE INCOME

	Years Ended December 31,
In thousands	2018				2017
Dividends from banking subsidiary	$	6,261			$	5,233
Gain on sale of securities	47				—
Other income	35				31
	6,343				5,264
Expenses	1,421				1,572
	4,922				3,692
Income tax benefit	547				507
	5,469				4,199
Equity in undistributed earnings of subsidiaries	16,279				5,589
Net Income	$	21,748			$	9,788
Comprehensive Income	$	19,623			$	9,903

STATEMENTS OF CASH FLOWS

	Years Ended December 31,
In thousands	2018				2017
CASH FLOWS FROM OPERATING ACTIVITIES
Net income	$	21,748			$	9,788
Equity in undistributed earnings of subsidiaries	(16,279		)		(5,589		)
(Increase) Decrease in receivable from banking subsidiary	(400		)		12
Gain on sale of securities	47				—
Other	669				129
Net Cash Provided by Operating Activities	5,785				4,340
CASH FLOWS FROM INVESTING ACTIVITIES
Return of investment from subsidiary	—				1,000
Outlay for business combination	—				(4,445		)
Net Cash Used in Investing Activities	—				(3,445		)
CASH FLOWS USED IN FINANCING ACTIVITIES
Proceeds from long-term debt	—				4,600
Repayments on long-term debt	(2,300		)		—
Proceeds from issuance of common stock	727				615
Dividends paid	(6,261		)		(5,233		)
Net Cash Used in Financing Activities	(7,834		)		(18		)
Net (Decrease) Increase in Cash and Cash Equivalents	(2,049		)		877
CASH AND CASH EQUIVALENTS — BEGINNING	9,440				8,563
CASH AND CASH EQUIVALENTS — ENDING	$	7,391			$	9,440

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- References

No definition available.

+ Details

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- Definition

The entire disclosure for condensed financial information, including the financial position, cash flows, and the results of operations of the registrant (parent company) as of the same dates or for the same periods for which audited consolidated financial statements are being presented. Alternatively, the details of this disclosure can be reported by the specific parent company taxonomy elements, indicating the appropriate date and period contexts in an instance document.

+ References

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

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

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