Parent Company Only Condensed Financial Information

12 Months Ended

Dec. 31, 2012

Parent Company Only Condensed Financial Information [Abstract]

PARENT COMPANY ONLY CONDENSED FINANCIAL INFORMATION

NOTE 20—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.

December 31, BALANCE SHEETS	2012			2011
Assets:
Cash	$	3,826		$	5,743
Investment in subsidiaries
Bank		105,019			97,987
Trust		11,707			11,256
Securities available for sale		147			128
Other		523			488
TOTAL ASSETS	$	121,222		$	115,602
Liabilities:
Other liabilities	$	59		$	31
Note payable		350			1,100
Other accounts payable		21			26
TOTAL LIABILITIES		430			1,157
Stockholders’ equity:
Common stock		104,504			104,261
Retained earnings		8,683			2,133
Accumulated other comprehensive income		7,647			8,051
Treasury stock, at cost; 7,234 shares in 2012 and 13 shares in 2011		(42	)		0
TOTAL STOCKHOLDERS’ EQUITY		120,792			114,445
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY	$	121,222		$	115,602

STATEMENTS OF INCOME
Years ended December 31,	2012			2011			2010
Income:
Dividends from subsidiaries
Bank	$	2,712		$	1,654		$	0
Trust		0			0			1,730
Interest and dividends on securities		4			3			3
Security gains/(losses)		0			(11	)		0
Other income		0			0			225
TOTAL INCOME		2,716			1,646			1,958
Interest on borrowings		(24	)		(52	)		(46	)
Other expenses		(1,007	)		(834	)		(465	)
Income before income tax benefit and undistributed subsidiary income		1,685			760			1,447
Income tax benefit		349			304			109
Equity in undistributed net income of subsidiaries (dividends in excess of net income)
Bank		7,442			7,742			8,821
Trust		456			412			(1,386	)
NET INCOME	$	9,932		$	9,218		$	8,991
STATEMENTS OF CASH FLOWS
Years ended December 31,	2012			2011			2010
Cash flows from operating activities:
Net income	$	9,932		$	9,218		$	8,991
Adjustments to reconcile net income to net cash from operating activities:
Impairment of securities		0			11			0
Equity in undistributed net income of subsidiaries		(7,898	)		(8,154	)		(7,435	)
Other		(20	)		(58	)		(356	)
NET CASH FROM OPERATING ACTIVITIES		2,014			1,017			1,200
Cash flows from investing activities:
Capital contribution to subsidiaries		0			(8,000	)		0
NET CASH FROM INVESTING ACTIVITIES		0			(8,000	)		0
Cash flows from financing activities:
Purchase of treasury shares		(42	)		0			0
Net proceeds from issuance of common shares		0			13,772			0
Cash dividends paid		(3,382	)		(2,241	)		(1,626	)
Net changes in borrowings		(750	)		0			350
Proceeds from dividend reinvestment		243			504			492
NET CASH FROM FINANCING ACTIVITIES		(3,931	)		12,035			(784	)
NET CHANGE IN CASH AND CASH EQUIVALENTS		(1,917	)		5,052			416
Beginning cash and cash equivalents		5,743			691			275
Ending cash and cash equivalents	$	3,826		$	5,743		$	691