8-K

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington, D.C.  20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d)

of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported):  November 10, 2006

ACNB Corporation

(Exact name of registrant as specified in its charter)

Pennsylvania	0-11783	23-2233457
(State or other jurisdiction	(Commission	(IRS Employer
of incorporation)	File Number)	Identification No.)

16 Lincoln Square, Gettysburg PA	17325
(Address of principal executive offices)	(Zip Code)

717.334.3161

(Registrant’s telephone number, including area code)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act  (17 CFR 240.13e-4(c))

CURRENT REPORT ON FORM 8-K

ITEM 2.02Results of Operations and Financial Condition

ACNB Corporation released earnings results for the Third Quarter of 2006 as of September 30, 2006, as more fully described in the attached press release as of November 10, 2006.  A copy of the press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference.  The information furnished under this Item 2.02 of this Current Report on Form 8-K shall not be deemed to be filed for purposes of the Securities Exchange Act of 1934.

ITEM 9.01Financial Statements and Exhibits

(a) Exhibits.

Exhibit Number	Description
99.1	Press release dated November 10, 2006.

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SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this Current Report on Form 8-K to be signed on its behalf by the undersigned, thereunto duly authorized.

	ACNB CORPORATION
	(Registrant)
Dated: November 10, 2006	/s/ Lynda L. Glass
	Lynda L. Glass
	Executive Vice President,
	Secretary & Treasurer

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EXHIBIT INDEX

EXHIBIT NO.
99.1	Press release dated November 10, 2006.

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EX-99.1

Exhibit 99.1

Press Release

FOR IMMEDIATE RELEASE

Contact: Lynda L. Glass

717.339.5085

ACNB CORPORATION REPORTS

2006 THIRD QUARTER EARNINGS

GETTYSBURG, Pa., November 10—ACNB Corporation reported net income of $1,906,000 for the third quarter of 2006, compared to $1,784,000 over the same period for 2005, an increase of 7%. Net income on a per share basis amounted to $.35 for the third quarter of 2006 and was $.33 for the same period in 2005. The most significant component of the Corporation’s total net income is net interest income, which increased by 1% to $6,225,000 for the quarter ended September 30, 2006, in comparison to $6,156,000 for the quarter ended September 30, 2005. Even with this increase, the Corporation’s interest expense has been increasing at a faster rate than its interest income over the last several quarters, and this trend is expected to continue in 2006.

The Corporation reported net income of $5,563,000 for the first nine months of 2006, compared to $5,595,000 over the same period for 2005, a decrease of less than 1%. Net income on a per share basis amounted to $1.02 for the first nine months of 2006 and was $1.03 for the same period in 2005. Net interest income increased by less than 1% to $18.72 million for the nine months ended September 30, 2006, in comparison to $18.68 million for the nine months ended September 30, 2005. Higher funding costs have been a significant factor impacting year-to-date earnings. In addition, total other income rose

by 12% for the first nine months of 2006. This increase over the same period of 2005 is primarily a result of gains on investment securities and increased revenues on insurance sales commissions and fee income.

Dividends paid to ACNB Corporation shareholders for the third quarter of 2006 totaled $1,142,000, or $.21 per share. This cash dividend of $.21 per share was paid on September 15, 2006, to shareholders of record on September 1, 2006. Aggregate dividends paid to shareholders year-to-date in 2006 were $3,425,000, or $.63 per share, as of September 15, 2006.

Total assets of ACNB Corporation on September 30, 2006, were $964 million—a 2% increase in comparison to September 30, 2005. Deposits were $669 million as of September 30, 2006, compared to $680 million as of the same date in 2005. Total loans increased by 11% to $529 million, as compared to September 30, 2005. Shareholders’ equity totaled $77.0 million on September 30, 2006, resulting in the Corporation and its banking subsidiary continuing to meet all minimum capital adequacy requirements to which they are subject for categorization as a well-capitalized financial institution.

ACNB Corporation, headquartered in Gettysburg, PA, is the financial holding company for the wholly-owned subsidiaries of Adams County National Bank, Gettysburg, PA, and Russell Insurance Group, Inc., Westminster, MD. Originally founded in 1857, Adams County National Bank serves its marketplace via a network of eighteen retail banking offices located throughout Adams County, PA, and in Dillsburg and Hanover, York County, PA. Farmers National Bank of Newville, a division of Adams County National Bank, serves customers at three retail banking offices in the Newville, Cumberland County, PA, area. Russell Insurance Group, Inc. offers a broad range of commercial and personal

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insurance lines with licenses in thirty-two states, including Pennsylvania and Maryland, and offices in Westminster, Carroll County, MD, and Timonium, Baltimore County, MD.

In addition to historical information, this report contains forward-looking statements. Examples of forward-looking statements include, but are not limited to, (a) projections or statements regarding future earnings, expenses, net interest income, other income, earnings or loss per share, asset mix and quality, growth prospects, capital structure and other financial terms, (b) statements of plans and objectives of management or the board of directors, and (c) statements of assumptions, such as economic conditions in the Corporation’s market areas. Such forward-looking statements can be identified by the use of forward-looking terminology such as “believes”, “expects”, “may”, “intends”, “will”, “should”, “anticipates”, or the negative of any of the foregoing or other variations thereon or comparable terminology, or by discussion of strategy. Forward-looking statements are subject to certain risks and uncertainties. Actual results may differ materially from those projected in the forward-looking statements. We caution readers not to place undue reliance on these forward-looking statements. They only reflect management’s analysis, as of this date. The Corporation does not revise or update these forward-looking statements to reflect events or changed circumstances. Please carefully review the risk factors described in other documents the Corporation files from time-to-time with the Securities and Exchange Commission, including the Annual Reports on Form 10-K and Quarterly Reports on Form 10-Q filed by the Corporation. Please also carefully review any Current Reports on Form 8-K filed by the Corporation with the Securities and Exchange Commission.

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ACNB #2006-09
November 10, 2006

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