ACNB CORPORATION (PARENT COMPANY ONLY) FINANCIAL INFORMATION

12 Months Ended

Dec. 31, 2015

STATEMENTS OF CONDITION



	December 31,
In thousands	2015		2014
ASSETS
Cash	$	4,448	$	4,541
Investment in banking subsidiary	95,948		92,168
Investment in other subsidiaries	8,928		9,291
Investments in low-income housing partnerships	1,336		1,659
Securities and other assets	1,340		1,228
Receivable from banking subsidiary	2,769		2,638
Total Assets	$	114,769	$	111,525
LIABILITIES AND STOCKHOLDERS’ EQUITY
Long-term debt	$	—	$	1,437
Other liabilities	54		66
Stockholders’ equity	114,715		110,022
Total Liabilities and Stockholders’ Equity	$	114,769	$	111,525

STATEMENTS OF INCOME AND COMPREHENSIVE INCOME



	Years Ended December 31,
In thousands	2015		2014		2013
Dividends from banking subsidiary	$	4,820	$	4,801	$	4,781
Other income	190		310		34
	5,010		5,111		4,815
Expenses	431		697		817
	4,579		4,414		3,998
Income tax benefit	381		810		944
	4,960		5,224		4,942
Equity in undistributed earnings of subsidiaries	6,057		5,066		4,373
Net Income	$	11,017	$	10,290	$	9,315
Comprehensive Income	$	9,014	$	7,461	$	9,633

STATEMENTS OF CASH FLOWS



	Years Ended December 31,
In thousands	2015			2014			2013
CASH FLOWS FROM OPERATING ACTIVITIES
Net income	$	11,017		$	10,290		$	9,315
Equity in undistributed earnings of subsidiaries	(6,057		)	(5,066		)	(4,373		)
Increase in receivable from banking subsidiary	(131		)	(810		)	(843		)
Other	86			799			695
Net Cash Provided by Operating Activities	4,915			5,213			4,794
CASH FLOWS FROM INVESTING ACTIVITIES
Return of investment from subsidiary	750			250			1,500
Proceeds from sale of low-income housing partnership	—			—			476
Net Cash Provided by Investing Activities	750			250			1,976
CASH FLOWS USED IN FINANCING ACTIVITIES
Repayments on long-term debt	(1,437		)	(266		)	(251		)
Proceeds from issuance of common stock	499			381			447
Dividends paid	(4,820		)	(4,622		)	(4,542		)
Net Cash Used in Financing Activities	(5,758		)	(4,507		)	(4,346		)
Net (Decrease) Increase in Cash and Cash Equivalents	(93		)	956			2,424
CASH AND CASH EQUIVALENTS — BEGINNING	4,541			3,585			1,161
CASH AND CASH EQUIVALENTS — ENDING	$	4,448		$	4,541		$	3,585