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ACNB CORPORATION (PARENT COMPANY ONLY) FINANCIAL INFORMATION | 12 Months Ended
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Dec. 31, 2019
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 | 2019 |  | 2018
ASSETS |  |  |
Cash | $ | 6,828 |  |  | $ | 7,391 |
Investment in banking subsidiary | 176,689 |  |  | 156,651 |
Investment in other subsidiaries | 10,473 |  |  | 9,389 |
Investments in low-income housing partnerships | — |  |  | 240 |
Securities and other assets | 1,558 |  |  | 1,271 |
Receivable from banking subsidiary | 812 |  |  | 518 |
Total Assets | $ | 196,360 |  |  | $ | 175,460 |
LIABILITIES AND STOCKHOLDERS’ EQUITY |  |  |
Long-term debt | $ | 6,830 |  |  | $ | 7,300 |
Other liabilities | 14 |  |  | 23 |
Stockholders’ equity | 189,516 |  |  | 168,137 |
Total Liabilities and Stockholders’ Equity | $ | 196,360 |  |  | $ | 175,460 |
STATEMENTS OF INCOME AND COMPREHENSIVE INCOME
| Years Ended December 31,
In thousands | 2019 |  | 2018
Dividends from banking subsidiary | $ | 6,920 |  |  | $ | 6,261 |
Gain on sale of securities | — |  |  | 47 |
Other income | 282 |  |  | 35 |
| 7,202 |  |  | 6,343 |
Expenses | 1,739 |  |  | 1,421 |
| 5,463 |  |  | 4,922 |
Income tax benefit | 501 |  |  | 547 |
| 5,964 |  |  | 5,469 |
Equity in undistributed earnings of subsidiaries | 17,757 |  |  | 16,279 |
Net Income | $ | 23,721 |  |  | $ | 21,748 |
Comprehensive Income | $ | 27,085 |  |  | $ | 19,623 |
STATEMENTS OF CASH FLOWS
| Years Ended December 31,
In thousands | 2019 |  | 2018
CASH FLOWS FROM OPERATING ACTIVITIES |  |  |
Net income | $ | 23,721 |  |  | $ | 21,748 |
Equity in undistributed earnings of subsidiaries | (17,757 | ) |  | (16,279 | )
Increase in receivable from banking subsidiary | (294 | ) |  | (400 | )
Gain on sale of securities | — |  |  | 47 |
Other | (57 | ) |  | 669 |
Net Cash Provided by Operating Activities | 5,613 |  |  | 5,785 |
CASH FLOWS FROM INVESTING ACTIVITIES |  |  |
| — |  |  | — |
Net Cash Used in Investing Activities | — |  |  | — |
CASH FLOWS USED IN FINANCING ACTIVITIES |  |  |
Repayments on long-term debt | (470 | ) |  | (2,300 | )
Proceeds from issuance of common stock | 1,214 |  |  | 727 |
Dividends paid | (6,920 | ) |  | (6,261 | )
Net Cash Used in Financing Activities | (6,176 | ) |  | (7,834 | )
Net Decrease in Cash and Cash Equivalents | (563 | ) |  | (2,049 | )
CASH AND CASH EQUIVALENTS — BEGINNING | 7,391 |  |  | 9,440 |
CASH AND CASH EQUIVALENTS — ENDING | $ | 6,828 |  |  | $ | 7,391 |

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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://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 3 -Subparagraph (SX 210.12-04) -URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e24072-122690 Reference 2: http://www.xbrl.org/2003/role/recommendedDisclosureRef -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 + Details
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