ACNB Corporation (Parent Company Only) Financial Information

12 Months Ended

Dec. 31, 2011

ACNB Corporation (Parent Company Only) Financial Information

ACNB CORPORATION (PARENT COMPANY ONLY) FINANCIAL INFORMATION

NOTE Q—ACNB CORPORATION (PARENT COMPANY ONLY) FINANCIAL INFORMATION

STATEMENTS OF CONDITION

	December 31,
In thousands	2011		2010
ASSETS
Cash	$	266	$	183
Investment in banking subsidiary		83,274		80,682
Investment in other subsidiaries		9,993		9,566
Investments in low-income housing partnerships		3,774		4,124
Securities and other assets		1,634		1,324
Receivable from banking subsidiary		724		374
Total Assets	$	99,665	$	96,253
LIABILITIES AND STOCKHOLDERS' EQUITY
Long-term debt	$	2,191	$	2,499
Stockholders' equity		97,474		93,754
Total Liabilities and Stockholders' Equity	$	99,665	$	96,253

STATEMENTS OF INCOME

	Years Ended December 31,
In thousands	2011		2010		2009
Dividends from banking subsidiary	$	4,689	$	4,506	$	4,512
Other income		47		288		293
		4,736		4,794		4,805
Impairment charges on equity securities		—		—		522
Expenses		494		445		111
		4,242		4,349		4,172
Income tax benefit		709		633		966
		4,951		4,982		5,138
Equity in undistributed earnings of subsidiaries		3,551		3,437		2,081
Net Income	$	8,502	$	8,419	$	7,219

STATEMENTS OF CASH FLOWS

	Years Ended December 31,
In thousands	2011			2010			2009
CASH FLOWS FROM OPERATING ACTIVITIES
Net income	$	8,502		$	8,419		$	7,219
Equity in undistributed earnings of subsidiaries		(3,551	)		(3,437	)		(2,081	)
(Increase) Decrease in receivable from banking subsidiary		(350	)		21			294
Impairment charges on equity securities		—			—			522
Other		45			257			92
Net Cash Provided by Operating Activities		4,646			5,260			6,046
CASH FLOWS FROM INVESTING ACTIVITIES
Investment in insurance agency subsidiary		—			—			—
Net Cash Used in Investing Activities		—			—			—
CASH FLOWS USED IN FINANCING ACTIVITIES
Repayments on long-term debt		(308	)		(795	)		(1,657	)
Purchase of treasury stock		—			—			(286	)
Proceeds from issuance of common stock		257			—			—
Dividends paid		(4,512	)		(4,506	)		(4,512	)
Net Cash Used in Financing Activities		(4,563	)		(5,301	)		(6,455	)
Net Increase (Decrease) in Cash and Cash Equivalents		83			(41	)		(409	)
CASH AND CASH EQUIVALENTS—BEGINNING		183			224			633
CASH AND CASH EQUIVALENTS—ENDING	$	266		$	183		$	224