ACNB CORP
For the period ended Dec 31, 2023. Filed Mar 14, 2024.
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FY2023 · Filed Mar 14, 2024
ACNB$66.67+1.7%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Statements of Condition
| December 31, | ||
|---|---|---|
| (Dollars in thousands, except per share data) | 2023 | 2022 |
| ASSETS | ||
| Cash and due from banks | $21,442 | $40,067 |
| Interest-bearing deposits with banks | 44,516 | 128,094 |
| Total Cash and Cash Equivalents | 65,958 | 168,161 |
| Equity securities with readily determinable fair values | 928 | 1,719 |
| Investment securities available for sale, at estimated fair value | 451,693 | 553,554 |
| Investment securities held to maturity, at amortized cost (fair value $59,057, $58,078) | 64,600 | 64,977 |
| Loans held for sale | 280 | 123 |
| Total loans, net of unearned income | 1,627,988 | 1,538,610 |
| Less: Allowance for credit losses | (19,969) | (17,861) |
| Loans, net | 1,608,019 | 1,520,749 |
| Assets held for sale | — | 3,393 |
| Premises and equipment, net | 26,283 | 27,053 |
| Right of use asset | 2,615 | 3,162 |
| Restricted investment in bank stocks | 9,677 | 1,629 |
| Investment in bank-owned life insurance | 79,871 | 77,993 |
| Investments in low-income housing partnerships | 1,003 | 1,129 |
| Goodwill | 44,185 | 44,185 |
| Intangible assets, net | 9,082 | 10,332 |
| Foreclosed assets held for resale | 467 | 474 |
| Other assets | 54,186 | 46,874 |
| Total Assets | $2,418,847 | $2,525,507 |
| LIABILITIES AND STOCKHOLDERS’ EQUITY | ||
| Deposits: | ||
| Noninterest-bearing | $500,332 | $595,049 |
| Interest-bearing | 1,361,481 | 1,603,926 |
| Total Deposits | 1,861,813 | 2,198,975 |
| Short-term borrowings | 56,882 | 41,954 |
| Long-term borrowings | 195,292 | 21,000 |
| Lease liability | 2,615 | 3,162 |
| Allowance for unfunded commitments | 1,719 | 92 |
| Other liabilities | 23,065 | 15,282 |
| Total Liabilities | 2,141,386 | 2,280,465 |
| Stockholders’ Equity: | ||
| Preferred stock, $2.50 par value; 20,000,000 shares authorized; no shares outstanding at December 31, 2023 and 2022, respectively | — | — |
| Common stock, $2.50 par value; 20,000,000 shares authorized; 8,896,119 and 8,838,720 shares issued; 8,511,453 and 8,515,120 shares outstanding at December 31, 2023 and 2022, respectively | 22,231 | 22,086 |
| Treasury stock, at cost 384,666 and 323,600 shares at December 31, 2023 and 2022, respectively | (10,954) | (8,927) |
| Additional paid-in capital | 97,602 | 96,022 |
| Retained earnings | 213,491 | 193,873 |
| Accumulated other comprehensive loss | (44,909) | (58,012) |
| Total Stockholders’ Equity | 277,461 | 245,042 |
| Total Liabilities and Stockholders’ Equity | $2,418,847 | $2,525,507 |
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