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ACNB CORPORATION (PARENT COMPANY ONLY) FINANCIAL INFORMATION (Tables) | 12 Months Ended
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Dec. 31, 2022
Condensed Financial Information Disclosure [Abstract] |
Statements of Condition |
| December 31,
In thousands | 2022 |  | 2021
ASSETS |  |  |
Cash | $ | 18,263 |  |  | $ | 13,451 |
Investment in banking subsidiary | 225,806 |  |  | 266,983 |
Investment in other subsidiaries | 18,757 |  |  | 11,807 |
Securities and other assets | 1,797 |  |  | 2,549 |
Receivable from banking subsidiary | 1,508 |  |  | 1,197 |
Total Assets | $ | 266,131 |  |  | $ | 295,987 |
LIABILITIES AND STOCKHOLDERS’ EQUITY |  |  |
Long-term debt | $ | 21,000 |  |  | $ | 23,700 |
Other liabilities | 89 |  |  | 173 |
Stockholders’ equity | 245,042 |  |  | 272,114 |
Total Liabilities and Stockholders’ Equity | $ | 266,131 |  |  | $ | 295,987 |
Statements of Income |
| Years Ended December 31,
In thousands | 2022 |  | 2021
Dividends from banking subsidiary | $ | 9,117 |  |  | $ | 8,968 |
Gain on sale of securities | 13 |  |  | — |
Other income | 519 |  |  | 554 |
| 9,649 |  |  | 9,522 |
Expenses | 1,653 |  |  | 1,649 |
| 7,996 |  |  | 7,873 |
Income tax benefit | 516 |  |  | 511 |
| 8,512 |  |  | 8,384 |
Equity in undistributed earnings of subsidiaries | 27,240 |  |  | 19,450 |
Net Income | $ | 35,752 |  |  | $ | 27,834 |
Comprehensive (Loss) Income | $ | (12,715) |  |  | $ | 23,927 |
Statements of Cash Flows |
| Years Ended December 31,
In thousands | 2022 |  | 2021
CASH FLOWS FROM OPERATING ACTIVITIES |  |  |
Net income | $ | 35,752 |  |  | $ | 27,834 |
Equity in undistributed earnings of subsidiaries | (27,240) |  |  | (19,450) |
(Increase) Decrease in receivable from banking subsidiary | (311) |  |  | 54 |
Gain on sale of securities | (13) |  |  | — |
Gain (Loss) on equity securities | 177 |  |  | (468) |
Gain on sale of low-income housing partnership | (421) |  |  | — |
Other | (308) |  |  | 555 |
Net Cash Provided by Operating Activities | 7,636 |  |  | 8,525 |
CASH FLOWS FROM INVESTING ACTIVITIES |  |  |
Return on investment from subsidiary | 13,000 |  |  | — |
Proceeds from sale of low-income housing partnership | 421 |  |  | — |
Proceeds from sale of equity securities | 811 |  |  | — |
Net Cash Used in Investing Activities | 14,232 |  |  | — |
CASH FLOWS USED IN FINANCING ACTIVITIES |  |  |
Proceeds from long-term debt | — |  |  | 15,000 |
Repayments on long-term debt | (2,700) |  |  | (6,329) |
Payment to repurchase common stock | (6,681) |  |  | (1,517) |
Proceeds from issuance of common stock | 1,442 |  |  | 343 |
Dividends paid | (9,117) |  |  | (8,968) |
Net Cash Used in Financing Activities | (17,056) |  |  | (1,471) |
Net Increase (Decrease) in Cash and Cash Equivalents | 4,812 |  |  | 7,054 |
CASH AND CASH EQUIVALENTS — BEGINNING | 13,451 |  |  | 6,397 |
CASH AND CASH EQUIVALENTS — ENDING | $ | 18,263 |  |  | $ | 13,451 |

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