ACNB CORP
For the period ended Jun 30, 2024. Filed Aug 8, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 30, 2024 · Filed Aug 8, 2024
ACNB$66.79+0.2%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Item 1. Consolidated Statements of Income (Unaudited)
| CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) | ||||
|---|---|---|---|---|
| Three Months Ended June 30, | Six Months Ended June 30, | |||
| (Dollars in thousands, except per share data) | 2024 | 2023 | 2024 | 2023 |
| INTEREST AND DIVIDEND INCOME | ||||
| Loans, including fees | ||||
| Taxable | $22,675 | $18,947 | $44,145 | $37,845 |
| Tax-exempt | 313 | 352 | 632 | 708 |
| Investment Securities: | ||||
| Taxable | 2,665 | 2,688 | 5,576 | 5,974 |
| Tax-exempt | 284 | 285 | 568 | 599 |
| Dividends | 248 | 51 | 488 | 92 |
| Other | 684 | 890 | 1,434 | 1,904 |
| Total Interest and Dividend Income | 26,869 | 23,213 | 52,843 | 47,122 |
| INTEREST EXPENSE | ||||
| Deposits | 2,643 | 486 | 4,803 | 959 |
| Short-term borrowings | 304 | 108 | 643 | 125 |
| Long-term borrowings | 2,958 | 629 | 5,840 | 956 |
| Total Interest Expense | 5,905 | 1,223 | 11,286 | 2,040 |
| Net Interest Income | 20,964 | 21,990 | 41,557 | 45,082 |
| Reversal of credit losses | (2,990) | (273) | (2,767) | (176) |
| (Reversal of) provision for unfunded commitments | (259) | 121 | (410) | 397 |
| Net Interest Income after (Reversal of) Provisions for Credit Losses and Unfunded Commitments | 24,213 | 22,142 | 44,734 | 44,861 |
| NONINTEREST INCOME | ||||
| Insurance commissions | 2,747 | 2,840 | 4,862 | 4,742 |
| Service charges on deposits | 1,021 | 989 | 2,012 | 1,951 |
| Wealth management | 1,069 | 979 | 2,031 | 1,819 |
| ATM debit card charges | 841 | 834 | 1,660 | 1,657 |
| Earnings on investment in bank-owned life insurance | 493 | 484 | 970 | 926 |
| Gain from mortgage loans held for sale | 34 | 14 | 82 | 31 |
| Net (losses) gains on sales or calls of investment securities | — | (546) | 69 | (739) |
| Net gains (losses) on equity securities | 1 | (15) | (9) | 5 |
| Gain on assets held for sale | — | 323 | — | 323 |
| Other | 221 | 292 | 417 | 463 |
| Total Noninterest Income | 6,427 | 6,194 | 12,094 | 11,178 |
| NONINTEREST EXPENSES | ||||
| Salaries and employee benefits | 10,426 | 9,824 | 21,594 | 20,266 |
| Equipment | 1,570 | 1,623 | 3,299 | 3,230 |
| Net occupancy | 991 | 1,002 | 2,121 | 2,039 |
| Professional services | 529 | 601 | 1,145 | 983 |
| FDIC and regulatory | 348 | 295 | 723 | 544 |
| Other tax | 356 | 305 | 726 | 642 |
| Intangible assets amortization | 315 | 360 | 636 | 720 |
| Supplies and postage | 183 | 198 | 374 | 404 |
| Marketing and corporate relations | 88 | 159 | 176 | 313 |
| Other | 1,585 | 1,914 | 3,259 | 3,422 |
| Total Noninterest Expenses | 16,391 | 16,281 | 34,053 | 32,563 |
| Income before Income Taxes | 14,249 | 12,055 | 22,775 | 23,476 |
| Provision for income taxes | 2,970 | 2,531 | 4,728 | 4,929 |
| Net Income | $11,279 | $9,524 | $18,047 | $18,547 |
| PER SHARE DATA | ||||
| Basic earnings | $1.32 | $1.12 | $2.12 | $2.18 |
| Diluted earnings | $1.32 | $1.12 | $2.12 | $2.17 |
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