Acnb Corp (ACNB) 10-K Annual Report March 2017

GETTYSBURG, PA, March 13, 2017 — ACNB Corporation reported net income of $10,869,000 for the year ended December 31, 2016, compared to $11,017,000 for the year ended December 31, 2015, a decrease of $148,000 or 1%. Merger related expenses of $472,000 for the proposed purchase of New Windsor Bancorp, Inc. of Taneytown, Maryland, were incurred in 2016 resulting in the decrease in net income. Net income on a per share basis amounted to $1.80 for 2016 and was $1.83 for 2015.

Aggregate quarterly cash dividends paid to ACNB Corporation stockholders in 2016 totaled $4,840,000, or $0.80 per share. In 2015, a total of $4,820,000, or $0.80 per share, was paid to stockholders in the form of quarterly cash dividends.

Total assets of ACNB Corporation at December 31, 2016, were $1.21 billion, up 5% from $1.15 billion at December 31, 2015. Total deposits increased by 6% from the previous year-end to $968 million at December 31, 2016. Total loans rose by 6% to $908 million, as compared to December 31, 2015. A 5% increase in stockholders’ equity resulted in an aggregate of $120 million at December 31, 2016.

ACNB Corporation, headquartered in Gettysburg, PA, is the financial holding company for the wholly-owned subsidiaries of ACNB Bank, Gettysburg, PA, and Russell Insurance Group, Inc., Westminster, MD. Originally founded in 1857 and now celebrating its 160th Anniversary, ACNB Bank

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The following information was filed by Acnb Corp (ACNB) on Monday, March 13, 2017 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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Financial Statements, Disclosures and Schedules

Inside this 10-K Annual Report

Material Contracts, Statements, Certifications & more

Acnb Corp provided additional information to their SEC Filing as exhibits

Exhibit 21: Subsidaries Of The Registrant

Exhibit 23: Consents Of Experts And Counsel

Exhibit 31.1: Rule 13A-14(A)/15D-14(A) Certification

Exhibit 31.2: Rule 13A-14(A)/15D-14(A) Certification

Exhibit 32.1: Section 1350 Certification

Exhibit 32.2: Section 1350 Certification

Ticker: ACNB
CIK: 715579
Form Type: 10-K Annual Report
Accession Number: 0001047469-17-001613
Submitted to the SEC: Wed Mar 15 2017 2:49:45 PM EST
Accepted by the SEC: Wed Mar 15 2017
Period: Saturday, December 31, 2016
Industry: State Commercial Banks