XML 46 R28.htm IDEA: XBRL DOCUMENT
v3.24.0.1

ACNB CORPORATION (PARENT COMPANY ONLY) FINANCIAL INFORMATION | 12 Months Ended
--- | ---
Dec. 31, 2023
Condensed Financial Information Disclosure [Abstract] |
ACNB CORPORATION (PARENT COMPANY ONLY) FINANCIAL INFORMATION | PARENT COMPANY ONLY FINANCIAL INFORMATION CONDENSED STATEMENTS OF CONDITION
| December 31,
(In thousands) | 2023 |  | 2022
ASSETS |  |  |
Cash | $ | 16,647 |  |  | $ | 18,263 |
Investment in banking subsidiary | 258,748 |  |  | 225,806 |
Investment in other subsidiaries | 20,023 |  |  | 18,757 |
Securities and other assets | 1,107 |  |  | 1,797 |
Receivable from banking subsidiary | 1,355 |  |  | 1,508 |
Total Assets | $ | 297,880 |  |  | $ | 266,131 |
LIABILITIES AND STOCKHOLDERS’ EQUITY |  |  |
Long-term borrowings | $ | 20,292 |  |  | $ | 21,000 |
Other liabilities | 127 |  |  | 89 |
Stockholders’ equity | 277,461 |  |  | 245,042 |
Total Liabilities and Stockholders’ Equity | $ | 297,880 |  |  | $ | 266,131 |
CONDENSED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME (LOSS)
| Years Ended December 31,
(In thousands) | 2023 |  | 2022
Dividends from banking subsidiary | $ | 9,702 |  |  | $ | 9,117 |
Net (loss) gain on sales of securities | (7) |  |  | 13 |
Other Income | 41 |  |  | 519 |
| 9,736 |  |  | 9,649 |
Expenses | 1,934 |  |  | 1,653 |
| 7,802 |  |  | 7,996 |
Income tax benefit | 413 |  |  | 516 |
| 8,215 |  |  | 8,512 |
Equity in undistributed earnings of subsidiaries | 23,473 |  |  | 27,240 |
Net Income | $ | 31,688 |  |  | $ | 35,752 |
Comprehensive Income (Loss) | $ | 44,791 |  |  | $ | (12,715) |
CONDENSED STATEMENTS OF CASH FLOWS
| Years Ended December 31,
(In thousands) | 2023 |  | 2022
CASH FLOWS FROM OPERATING ACTIVITIES |  |  |
Net income | $ | 31,688 |  |  | $ | 35,752 |
Equity in undistributed earnings of subsidiaries | (23,473) |  |  | (27,240) |
(Increase) decrease in receivable from banking subsidiary | 153 |  |  | (311) |
Gain on sale of equity securities | (7) |  |  | (13) |
Mark-to-market gain on equity securities | — |  |  | 177 |
Gain on sale of low-income housing partnership | — |  |  | (421) |
Other | 439 |  |  | (308) |
Net Cash Provided by Operating Activities | 8,800 |  |  | 7,636 |
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 | 592 |  |  | 811 |
Net Cash Used in Investing Activities | 592 |  |  | 14,232 |
CASH FLOWS USED IN FINANCING ACTIVITIES |  |  |
Repayments on long-term borrowings | — |  |  | (2,700) |
Dividends paid | (9,702) |  |  | (9,117) |
Common stock repurchased | (2,027) |  |  | (6,681) |
Common stock issued | 721 |  |  | 1,442 |
Net Cash Used in Financing Activities | (11,008) |  |  | (17,056) |
Net Increase (Decrease) in Cash and Cash Equivalents | (1,616) |  |  | 4,812 |
CASH AND CASH EQUIVALENTS — BEGINNING | 18,263 |  |  | 13,451 |
CASH AND CASH EQUIVALENTS — ENDING | $ | 16,647 |  |  | $ | 18,263 |

X
- References No definition available. + Details
Name: | srt_CondensedFinancialInformationOfParentCompanyOnlyDisclosureAbstract
Namespace Prefix: | srt_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- 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 -Topic 235 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 3 -Subparagraph (SX 210.12-04(a)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480678/235-10-S99-3 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 205 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 6 -Subparagraph (SX 210.5-04(Schedule I)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480922/205-10-S99-6 Reference 3: http://www.xbrl.org/2003/role/recommendedDisclosureRef -Topic 810 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 11 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481231/810-10-45-11 + Details
Name: | us-gaap_CondensedFinancialInformationOfParentCompanyOnlyDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration