ACNB CORP
For the period ended Mar 31, 2025. Filed May 9, 2025.
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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.
Mar 31, 2025 · Filed May 9, 2025
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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Consolidated Statements of Cash Flows (Unaudited)
| Three Months Ended March 31, | ||
|---|---|---|
| (In thousands) | 2025 | 2024 |
| CASH FLOWS FROM OPERATING ACTIVITIES | ||
| Net (loss) income | $(272) | $6,768 |
| Adjustments to reconcile net (loss) income to net cash (used in) provided by operating activities: | ||
| Gain on sales of loans originated for sale | (855) | (48) |
| Earnings on investment in bank-owned life insurance | (580) | (477) |
| Gain on life insurance proceeds | (254) | — |
| Gain on sales or calls of securities | — | (69) |
| (Gain) loss on equity securities | (14) | 10 |
| Restricted stock compensation expense | 612 | 534 |
| Depreciation and amortization | 1,445 | 766 |
| Provision for credit losses and unfunded commitments | 5,488 | 72 |
| Net amortization of investment securities premiums | 385 | 414 |
| Increase in interest receivable | (615) | (60) |
| Increase in interest payable | 69 | 682 |
| Mortgage loans originated for sale | (26,749) | (1,820) |
| Proceeds from sales of loans originated for sale | 19,129 | 2,060 |
| (Increase) decrease in other assets | (2,771) | 3,589 |
| Decrease (increase) in deferred tax asset | 798 | (222) |
| Increase (decrease) in other liabilities | 4,113 | (1,381) |
| Net Cash (Used in) Provided by Operating Activities | (71) | 10,818 |
| CASH FLOWS FROM INVESTING ACTIVITIES | ||
| Proceeds from calls/maturities of investment securities held to maturity | 171 | 184 |
| Proceeds from calls/maturities of investment securities available for sale | 6,668 | 9,225 |
| Proceeds from sales of investment securities available for sale | 97,883 | 14,336 |
| Purchase of investment securities available for sale | (61,055) | — |
| Redemption (purchase) of restricted investment in bank stocks | 616 | (1,200) |
| Net decrease (increase) in loans | 9,097 | (37,012) |
| Net cash and cash equivalents received from acquisition | 36,206 | — |
| Capital expenditures | (659) | (78) |
| Net Cash Provided by (Used in) Investing Activities | 88,927 | (14,545) |
| CASH FLOWS FROM FINANCING ACTIVITIES | ||
| Net increase (decrease) in noninterest-bearing deposits | 825 | (749) |
| Net increase (decrease) in interest-bearing deposits | 5,175 | (25,840) |
| Net increase (decrease) in short-term borrowings | 28,362 | (39,579) |
| Proceeds from long-term borrowings | — | 60,000 |
| Repayments on long-term borrowings | (40,188) | — |
| Dividends paid | (3,374) | (2,547) |
| Common stock repurchased | (3,106) | (147) |
| Common stock issued, net of restricted stock forfeitures and withheld for taxes | (249) | (234) |
| Net Cash Used In Financing Activities | (12,555) | (9,096) |
| Net Increase (Decrease) in Cash and Cash Equivalents | 76,301 | (12,823) |
| CASH AND CASH EQUIVALENTS — BEGINNING | 47,262 | 65,958 |
| CASH AND CASH EQUIVALENTS — ENDING | $123,563 | $53,135 |
| Supplemental disclosures of cash flow information | ||
| Cash paid for interest | $7,718 | $5,321 |
| Cash paid for income taxes | 6 | — |
| Supplemental disclosures of certain noncash activities: | ||
| Recognition of operating lease right of use assets | $183 | $— |
| Recognition of operating lease liabilities | 183 | — |
| Transactions related to acquisition: | ||
| Increase in assets and liabilities: | ||
| Net assets acquired | $877,557 | $— |
| Liabilities assumed | 793,908 | — |
| Common shares issued | 83,649 | — |
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