-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, IwLWBEOzpoIEiuubhQmDS6RdBkKjXK6T5IAfG5XSGMQOhp8csCv/JYHYzj57BZoF pJxTIrA5GCAgnPg3985R7g== 0001135428-06-000052.txt : 20060214 0001135428-06-000052.hdr.sgml : 20060214 20060214143242 ACCESSION NUMBER: 0001135428-06-000052 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20060213 ITEM INFORMATION: Results of Operations and Financial Condition ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20060214 DATE AS OF CHANGE: 20060214 FILER: COMPANY DATA: COMPANY CONFORMED NAME: ACNB CORP CENTRAL INDEX KEY: 0000715579 STANDARD INDUSTRIAL CLASSIFICATION: STATE COMMERCIAL BANKS [6022] IRS NUMBER: 232233457 STATE OF INCORPORATION: PA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-11783 FILM NUMBER: 06612952 BUSINESS ADDRESS: STREET 1: 675 OLD HARRISBURG RD STREET 2: P O BOX 3129 CITY: GETTYSBURG STATE: PA ZIP: 17325 BUSINESS PHONE: 7173343161 MAIL ADDRESS: STREET 1: P O BOX 3129 STREET 2: 675 OLD HARRISBURG RD CITY: GETTYSBURG STATE: PA ZIP: 17325 8-K 1 acnb_8k.txt 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: February 13, 2006 ACNB CORPORATION (Exact name of registrant as specified in its charter) Pennsylvania 0-11783 23-2233457 - ---------------- ---------------- ------------------- (State or other (Commission (IRS Employer jurisdiction of File Number) Identification No.) incorporation) 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): [ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) [ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) [ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) [ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) ACNB CORPORATION CURRENT REPORT ON FORM 8-K ITEM 2.02 Results of Operations and Financial Condition Pursuant to interim guidance issued by the Securities and Exchange Commission relating to Section 2 - Financial Information, the Corporation has furnished the information required by Item 2.02. ITEM 9.01 Financial Statements and Exhibits (c) Exhibits Exhibit Number Description 99.1 Press Release dated February 10, 2006, issued by ACNB Corporation SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. ACNB CORPORATION Date: February 16, 2006 BY: /s/ Thomas A. Ritter ----------------------- Name: Thomas A. Ritter Title: President/CEO EX-99.1 2 ex-991.txt [GRAPHIC OMITTED] Press Release - ------------------------------------------------------------------------------- Exhibit 99.1 FOR IMMEDIATE RELEASE Contact: Lynda L. Glass 717.339.5085 ACNB CORPORATION REPORTS 2005 EARNINGS AND 2006 FIRST QUARTER DIVIDEND GETTYSBURG, Pa., February 10---ACNB Corporation reported net income of $7,376,000 for year-end 2005, compared to $9,308,000 at year-end 2004. As expected, the earnings decline was strongly influenced by two significant events in 2004 that did not repeat in 2005: (1) securities gains of $1.1 million and (2) historical tax credits in excess of $800,000 that were generated from a low income, community housing project. In addition, the flat yield curve environment of 2005 resulted in interest expense increasing by 29%, while interest income increased by only 12%. Net income on a per share basis amounted to $1.36 and $1.71 for 2005 and 2004, respectively. Other significant factors that affected net income in 2005 were: (1) net interest income for 2005 was 2.9% higher than 2004; (2) Russell Insurance Group, in its first year with ACNB Corporation, generated over $1 million in pre-tax income; (3) the Trust Department experienced one of its most productive years ever, generating fee income in excess of $700,000; and, (4) increases in other expenses were impacted by additional compliance costs, employee medical premium increases, the opening of two new branch offices in New Oxford and the Adams Commerce Center, as well as the opening of the Operations Center to serve the future technology, training and administrative needs of the Corporation. Dividends paid to shareholders for 2005 totaled $4,947,000, or $.91 per share. In 2004, $.90 per share was paid to shareholders in the form of cash dividends for the year. On January 24, 2006, the Board of Directors approved the 2006 first quarter cash dividend of $.21 per share, which is the same dividend amount as the first quarter of 2005. The 2006 first quarter cash dividend is payable on March 15, 2006, to shareholders of record on March 1, 2006. Total assets of ACNB Corporation on December 31, 2005, were $945 million---an increase of 2% from $924 million at December 31, 2004. Deposits increased by 5% over a year ago to $679 million. Total loans rose by 12% to $493 million, as compared to December 31, 2004. A 1% decrease in shareholders' equity resulted in an aggregate of $73.9 million on December 31, 2005. 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 seventeen 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 insurance lines with licenses in sixteen states, including Pennsylvania and Maryland, and offices in Westminster, Carroll County, MD, and Timonium, Baltimore County, MD. # # # ACNB #2006-01 February 10, 2006 -----END PRIVACY-ENHANCED MESSAGE-----