ACNB CORP
For the period ended Dec 31, 2025. Filed Mar 12, 2026.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2025 · Filed Mar 12, 2026
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 8. Consolidated Statements of Cash Flows
CONSOLIDATED STATEMENTS OF CASH FLOWS
| Years Ended December 31, | |||
|---|---|---|---|
| (In thousands) | 2025 | 2024 | 2023 |
| CASH FLOWS FROM OPERATING ACTIVITIES | |||
| Net income | $37,051 | $31,846 | $31,688 |
| Adjustments to reconcile net income to net cash provided by operating activities: | |||
| Gain on sales of loans originated for sale | (5,266) | (301) | (56) |
| Earnings on investment in bank-owned life insurance | (2,593) | (1,979) | (1,878) |
| Net losses (gains) on sales or calls of investment securities | 3,535 | (69) | 5,240 |
| Net (gains) losses on equity securities | (30) | 9 | (18) |
| Gain on sales of assets held for sale | — | — | (337) |
| Restricted stock compensation expense | 1,411 | 1,263 | 1,004 |
| Depreciation and amortization | 6,737 | 3,033 | 3,362 |
| Net amortization of purchase accounting adjustments | 7,719 | — | — |
| Provision for (reversal of) credit losses and unfunded commitments | 4,730 | (2,763) | 844 |
| Net amortization of investment securities premiums | 1,190 | 1,702 | 690 |
| Decrease (increase) in interest receivable | 155 | (109) | (1,165) |
| (Decrease) increase in interest payable | (778) | 757 | 743 |
| Mortgage loans originated for sale | (194,618) | (13,090) | (2,646) |
| Proceeds from sales of loans originated for sale | 184,652 | 13,245 | 2,545 |
| Decrease (increase) in other assets | 6,407 | 5,351 | (7,449) |
| Deferred income tax | 3,626 | 779 | 2,376 |
| (Decrease) increase in other liabilities | (285) | 108 | 5,659 |
| Net Cash Provided by Operating Activities | 53,643 | 39,782 | 40,602 |
| CASH FLOWS FROM INVESTING ACTIVITIES | |||
| Proceeds from calls/maturities of investment securities held to maturity | 1,652 | 727 | 1,097 |
| Proceeds from calls/maturities of investment securities available for sale | 57,495 | 44,707 | 32,594 |
| Proceeds from sales of investment securities available for sale | 169,338 | 14,336 | 125,241 |
| Proceeds from sales of equity securities | — | — | 592 |
| Purchase of investment securities available for sale | (182,979) | — | (48,838) |
| Net purchases of restricted investment in bank stocks | (61) | (1,176) | (8,048) |
| Net increase in loans | (7,293) | (55,206) | (89,589) |
| Purchase of bank-owned life insurance | (8,350) | — | — |
| Gain on life insurance proceeds | (285) | — | — |
| Net cash and cash equivalents received from acquisition | 36,206 | — | — |
| Acquisition of insurance books of business/agency | — | — | (174) |
| Capital expenditures | (1,076) | (960) | (1,168) |
| Proceeds from sales of assets held for sale | — | — | 3,730 |
| Net Cash Provided by Investing Activities | 64,647 | 2,428 | 15,437 |
| CASH FLOWS FROM FINANCING ACTIVITIES | |||
| Net decrease in noninterest-bearing deposits | (8,020) | (48,829) | (94,717) |
| Net decrease in interest-bearing deposits | (75,706) | (20,483) | (242,445) |
| Net increase (decrease) in short-term borrowings | 48,914 | (41,056) | 14,928 |
| Proceeds from long-term borrowings | — | 60,000 | 175,000 |
| Repayments on long-term borrowings | (40,188) | — | — |
| Dividends paid | (14,382) | (10,713) | (9,702) |
| Common stock repurchased | (11,164) | (249) | (2,027) |
CONSOLIDATED STATEMENTS OF CASH FLOWS - CONTINUED
| Years Ended December 31, | |||
|---|---|---|---|
| (In thousands) | 2025 | 2024 | 2023 |
| Common stock issued, net of restricted stock forfeitures and withheld for taxes | 642 | 424 | 721 |
| Net Cash Used in Financing Activities | (99,904) | (60,906) | (158,242) |
| Net Increase (Decrease) in Cash and Cash Equivalents | 18,386 | (18,696) | (102,203) |
| CASH AND CASH EQUIVALENTS — BEGINNING | 47,262 | 65,958 | 168,161 |
| CASH AND CASH EQUIVALENTS — ENDING | $65,648 | $47,262 | $65,958 |
| Supplemental disclosures of cash flow information: | |||
| Cash paid for interest | $39,487 | $23,097 | $7,155 |
| Cash paid for Federal income taxes | 4,911 | 6,050 | 9,000 |
| Cash paid for State income taxes | 417 | 578 | 1,030 |
| Supplemental disclosures of certain noncash activities: | |||
| Recognition of operating lease right of use assets | $729 | $— | $126 |
| Recognition of operating lease liabilities | 729 | — | 126 |
| Premises and equipment, net transferred to assets held for sale | 275 | — | — |
| Loans transferred to foreclosed assets held for resale and other foreclosed transactions | — | 32 | — |
| 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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