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ACNB CORPORATION (PARENT COMPANY ONLY) FINANCIAL INFORMATION (Tables)

12 Months Ended

Dec. 31, 2020


	December 31,
In thousands	2020		2019
ASSETS
Cash	$	6,397	$	6,828
Investment in banking subsidiary	252,107		176,689
Investment in other subsidiaries	11,141		10,473

Securities and other assets	2,203		1,558
Receivable from banking subsidiary	1,251		812
Total Assets	$	273,099	$	196,360
LIABILITIES AND STOCKHOLDERS’ EQUITY
Long-term debt	$	15,029	$	6,830
Other liabilities	98		14
Stockholders’ equity	257,972		189,516
Total Liabilities and Stockholders’ Equity	$	273,099	$	196,360


	Years Ended December 31,
In thousands	2020		2019
Dividends from banking subsidiary	$	8,685	$	6,920

Other income	83		282
	8,768		7,202

Expenses	1,845		1,739
	6,923		5,463
Income tax benefit	587		501
	7,510		5,964
Equity in undistributed earnings of subsidiaries	10,884		17,757
Net Income	$	18,394	$	23,721
Comprehensive Income	$	18,609	$	27,085


	Years Ended December 31,
In thousands	2020		2019
CASH FLOWS FROM OPERATING ACTIVITIES
Net income	$	18,394	$	23,721
Equity in undistributed earnings of subsidiaries	(10,884)		(17,757)
Increase in receivable from banking subsidiary	(439)		(294)

Gain on equity securities	213		—

Other	647		(57)
Net Cash Provided by Operating Activities	7,931		5,613
CASH FLOWS FROM INVESTING ACTIVITIES


	—		—

Net Cash Used in Investing Activities	—		—
CASH FLOWS USED IN FINANCING ACTIVITIES

Repayments on long-term debt	(501)		(470)

Proceeds from issuance of common stock	824		1,214
Dividends paid	(8,685)		(6,920)
Net Cash Used in Financing Activities	(8,362)		(6,176)
Net Decrease in Cash and Cash Equivalents	(431)		(563)
CASH AND CASH EQUIVALENTS — BEGINNING	6,828		7,391
CASH AND CASH EQUIVALENTS — ENDING	$	6,397	$	6,828

Transactions related to acquisition
Increase in assets and liabilities:
Securities	$	(257)	$	—
Other assets	(733)		—
Trust preferred debentures	6,000		—
Long term borrowings	2,700		—
Common shares issued	57,280		—