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Subsequent Event
12 Months Ended
Dec. 31, 2022
Subsequent Events [Abstract]  
Subsequent Event

NOTE 24 – SUBSEQUENT EVENT

On January 1, 2023, the Company completed its previously announced merger with Emclaire Financial Corp., a Pennsylvania corporation and registered financial holding company (“Emclaire”), pursuant to the Agreement and Plan of Merger dated as of March 23, 2022. The Farmers National Bank of Emlenton, the banking subsidiary of Emclaire, merged with and into The Farmers National Bank of Canfield, the national banking subsidiary of the Company, with Farmers Bank as the surviving bank. Pursuant to the terms of the Merger Agreement, at the effective time of the merger, each common share, without par value, of Emclaire common shares issued and outstanding was converted into the right to receive, without interest, $40.00 in cash or 2.15 common shares, without par value, of the Company's common shares, subject to an overall limitation of 70% of the Emclaire common shares being exchanged and the remaining 30% of Emclaire common shares being exchanged for the cash. No fractional shares were issued, and Emclaire’s shareholders became entitled to receive cash in lieu of fractional shares. The transaction created a large expansion for the Company in Pennsylvania and into the Pittsburgh market. Emclaire operated 19 branches in ten counties throughout western Pennsylvania. As of December 31, 2022, Emclaire had total assets of $1.02 billion, gross loans of $797.3 million and deposits of $874.6 million.