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STOCKHOLDERS' EQUITY
 12 Months Ended
Dec. 31, 2024
Equity [Abstract]  
STOCKHOLDERS' EQUITY STOCKHOLDERS’ EQUITY
Accumulated Other Comprehensive Loss
Other comprehensive income includes unrealized gains and losses on investment securities AFS and unrealized gains and losses on changes in funded status of the pension plan which are also recognized as separate components of equity. The components of the accumulated other comprehensive loss, net of taxes, are as follows:
(In thousands)Unrealized (Losses) Gains on
Securities		Pension
Liability		Accumulated
Other
Comprehensive
Loss
Balance at December 31, 2021$(3,474)$(6,071)$(9,545)
Unrealized losses on AFS securities, net of income tax(50,192)— (50,192)
Realized losses on securities, net of income tax193— 193 
Amortization of unrealized losses on securities transferred to HTM, net of income tax739— 739 
Amortization of pension net loss, net of income tax— 317317 
Unrecognized pension net gain, net of income tax— 476 476 
Net current period other comprehensive (loss) income$(49,260)$793 $(48,467)
Balance at December 31, 2022$(52,734)$(5,278)$(58,012)
Unrealized gain on AFS securities, net of income tax6,814 — 6,814 
Realized losses on securities, net of income tax4,052 — 4,052 
Amortization of unrealized losses on securities transferred to HTM, net of income tax916 — 916 
Amortization of pension net loss, net of income tax— 258 258 
Unrecognized pension net gain, net of income tax— 1,063 1,063 
Net current period other comprehensive income$11,782 $1,321 $13,103 
Balance at December 31, 2023
$(40,952)$(3,957)$(44,909)
Unrealized gain on AFS securities, net of income tax1,992 — 1,992 
Realized gains on securities, net of income tax(53)— (53)
Amortization of unrealized losses on securities transferred to HTM, net of income tax853 — 853 
Amortization of pension net loss, net of income tax— 60 60 
Unrecognized pension net gain, net of income tax— 389 389 
Net current period other comprehensive income$2,792 $449 $3,241 
Balance at December 31, 2024
$(38,160)$(3,508)$(41,668)
Dividend Reinvestment Plan
In January 2011, the Corporation offered stockholders the opportunity to participate in the ACNB Corporation Dividend Reinvestment and Stock Purchase Plan. The plan provides registered holders of ACNB Corporation common stock with a convenient way to purchase additional shares of common stock by permitting participants in the plan to automatically reinvest cash dividends on all or a portion of the shares owned and to make quarterly voluntary cash payments under the terms of the plan. Participation in the plan is voluntary, and there are eligibility requirements to participate in the plan. During 2024, 2023 and 2022, 21,750, 20,361 and 20,908 shares, respectively, were issued under this plan with proceeds in the amount of $832 thousand, $721 thousand and $713 thousand, respectively. Proceeds are used for general corporate purposes.
Stock Incentive Plan
On May 1, 2018, stockholders approved and ratified the ACNB Corporation 2018 Omnibus Stock Incentive Plan, effective as of March 20, 2018, in which awards shall not exceed, in the aggregate, 400,000 shares of common stock, plus any shares that were authorized, but not issued, under the ACNB Corporation 2009 Restricted Stock Plan. The ACNB Corporation 2009 Restricted Stock Plan expired by its own terms after 10 years on February 24, 2019. No further shares may be issued under this plan. The remaining 174,055 shares were transferred to the ACNB Corporation 2018 Omnibus Stock Incentive Plan.
As of December 31, 2024, 138,019 shares were issued under this plan, of which 38,438 were unvested. Plan expense is recognized over the vesting period of the stock issued and resulted in $1.3 million, $1.0 million and $729 thousand of compensation expense during the years ended December 31, 2024, 2023 and 2022, respectively.
Share Repurchase Plan
On October 24, 2022, the Corporation announced that the Board of Directors approved on October 18, 2022, a plan to repurchase, in open market and privately negotiated transactions, up to 255,575, or approximately 3%, of the outstanding shares of the Corporation’s common stock. This new common stock repurchase program replaces and supersedes any and all earlier announced repurchase plans. There were 6,842 treasury shares purchased under this plan during the year ended December 31, 2024. As of December 31, 2024, 67,908 shares had been repurchased under this plan.