Parent Company Only Condensed Financial Information

12 Months Ended

Dec. 31, 2011

Parent Company Only Condensed Financial Information [Abstract]

PARENT COMPANY ONLY CONDENSED FINANCIAL INFORMATION

NOTE 19—PARENT COMPANY ONLY CONDENSED FINANCIAL INFORMATION

Below is condensed financial information of Farmers National Banc Corp. (parent company only). This information should be read in conjunction with the consolidated financial statements and related notes.

		September 30,		September 30,
December 31,	2011		2010
BALANCE SHEETS
Assets:
Cash	$	5,743	$	691
Investment in subsidiaries
Bank		97,987		77,118
Trust		11,256		10,839
Securities available for sale		128		119
Other		488		449
TOTAL ASSETS	$	115,602	$	89,216
Liabilities:
Other liabilities	$	31	$	34
Note payable		1,100		1,100
Other accounts payable		26		34
TOTAL LIABILITIES		1,157		1,168
Stockholders’ equity:
Common stock		104,261		96,142
Retained earnings		2,133		14,502
Accumulated other comprehensive income		8,051		2,907
Treasury stock, at cost; 13 shares in 2011 and 2,053,149 shares in 2010		0		(25,503	)
		114,445		88,048
TOTAL STOCKHOLDERS’ EQUITY	$	115,602	$	89,216
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY

STATEMENTS OF INCOME

		September 30,			September 30,			September 30,
Years ended December 31,	2011			2010			2009
Income:
Dividends from subsidiaries
Bank	$	1,654		$	0		$	13,746
Trust		0			1,730			0
Interest and dividends on securities		3			3			8
Security gains/(losses)		(11	)		0			(74	)
Other income		0			225			0
TOTAL INCOME		1,646			1,958			13,680
Interest on borrowings		(52	)		(46	)		0
Other expenses		(834	)		(465	)		(557	)
Income before income tax benefit and undistributed subsidiary income		760			1,447			13,123
Income tax benefit		304			109			212
Equity in undistributed net income of subsidiaries (dividends in excess of net income)
Bank		7,742			8,821			(7,580	)
Trust		412			(1,386	)		87
NET INCOME	$	9,218		$	8,991		$	5,842

STATEMENTS OF CASH FLOWS

		September 30,			September 30,			September 30,
Years ended December 31,	2011			2010			2009
Cash flows from operating activities:
Net income	$	9,218		$	8,991		$	5,842
Adjustments to reconcile net income to net cash from operating activities:
Impairment of securities		11			0			74
Dividends in excess of net income (Equity in undistributed net income of subsidiary)		(8,154	)		(7,435	)		7,493
Other		(58	)		(356	)		(290	)
NET CASH FROM OPERATING ACTIVITIES		1,017			1,200			13,119
Cash flows from investing activities:
Proceeds from maturities of investment securities available for sale		0			0			800
Capital contribution to subsidiaries		(8,000	)		0			(12,260	)
Purchases of securities available for sale		0			0			(1	)
NET CASH FROM INVESTING ACTIVITIES		(8,000	)		0			(11,461	)
Cash flows from financing activities:
Net proceeds from issuance of common shares		13,772			0			0
Cash dividends paid		(2,241	)		(1,626	)		(4,801	)
Proceeds of borrowings		0			350			750
Proceeds from dividend reinvestment		504			492			1,433
NET CASH FROM FINANCING ACTIVITIES		12,035			(784	)		(2,618	)
NET CHANGE IN CASH AND CASH EQUIVALENTS		5,052			416			(960	)
Beginning cash and cash equivalents		691			275			1,235
Ending cash and cash equivalents	$	5,743		$	691		$	275