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ACNB CORPORATION (PARENT COMPANY ONLY) FINANCIAL INFORMATION

12 Months Ended

Dec. 31, 2021

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			2021						2020
ASSETS
Cash			$	13,451					$	6,397
Investment in banking subsidiary			266,983						252,107
Investment in other subsidiaries			11,807						11,141
Securities and other assets			2,549						2,203
Receivable from banking subsidiary			1,197						1,251
Total Assets			$	295,987					$	273,099
LIABILITIES AND STOCKHOLDERS’ EQUITY
Long-term debt			$	23,700					$	15,029
Other liabilities			173						98
Stockholders’ equity			272,114						257,972
Total Liabilities and Stockholders’ Equity			$	295,987					$	273,099

STATEMENTS OF INCOME AND COMPREHENSIVE INCOME

			Years Ended December 31,
In thousands			2021						2020
Dividends from banking subsidiary			$	8,968					$	8,685
Other income			554						83
			9,522						8,768
Expenses			1,649						1,845
			7,873						6,923
Income tax benefit			511						587
			8,384						7,510
Equity in undistributed earnings of subsidiaries			19,450						10,884
Net Income			$	27,834					$	18,394
Comprehensive Income			$	23,927					$	18,609

STATEMENTS OF CASH FLOWS

			Years Ended December 31,
In thousands			2021						2020
CASH FLOWS FROM OPERATING ACTIVITIES
Net income			$	27,834					$	18,394
Equity in undistributed earnings of subsidiaries			(19,450)						(10,884)
Decrease (Increase) in receivable from banking subsidiary			54						(439)
(Loss) Gain on equity securities			(468)						213
Other			555						647
Net Cash Provided by Operating Activities			8,525						7,931
CASH FLOWS FROM INVESTING ACTIVITIES
			—						—
Net Cash Used in Investing Activities			—						—
CASH FLOWS USED IN FINANCING ACTIVITIES
Proceeds from long-term debt			15,000						—
Repayments on long-term debt			(6,329)						(501)
Payment to repurchase common stock			(1,517)						—
Proceeds from issuance of common stock			343						824
Dividends paid			(8,968)						(8,685)
Net Cash Used in Financing Activities			(1,471)						(8,362)
Net Increase (Decrease) in Cash and Cash Equivalents			7,054						(431)
CASH AND CASH EQUIVALENTS — BEGINNING			6,397						6,828
CASH AND CASH EQUIVALENTS — ENDING			$	13,451					$	6,397
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

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- References

No definition available.

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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 205
-SubTopic 10
-Section S99
-Paragraph 6
-Subparagraph (SX 210.5-04(Schedule I))
-URI http://asc.fasb.org/extlink&oid=120391182&loc=d3e5864-122674

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=123454820&loc=d3e5283-111683

Reference 3: 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(a))
-URI http://asc.fasb.org/extlink&oid=120395691&loc=d3e24072-122690

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