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PRESS RELEASE FOR IMMEDIATE RELEASE ACNB Corporation ACNB CORPORATION REPORTS Contact : Lynda L. Glass EVP / Secretary & Chief Governance Officer 717.339.5085 lglass@acnb.com 2021 SECOND QUARTER AND YEAR - TO - DATE FINANCIAL RESULTS 2021 Second Quarter and Year - To - Date Highlights • Net income for the three months and quarter ended June 30 , 2021 , totaled $ 8,508,000 , which is an increase of $ 2,711,000 or 46.8 % over comparable period results for the three months ended June 30 , 2020. Basic earnings per share was $ 0.98 and $ 0.67 for the three months ended June 30 , 2021 and 2020 , respectively , which is an increase of $ 0.31 or 46.3 % . Net income for the six months ended June 30 , 2021 , totaled $ 15,979,000 , with basic earnings per share of $ 1.83 . This reflects an increase of $ 11,405,000 or 249.3 % over comparable period results for the six months ended June 30 , 2020. The higher net income for the first half of 2021 was primarily a result of higher fee income and less loan loss provision in 2021 , as well as one - time merger expenses related to the acquisition of Frederick County Bancorp , Inc. ( FCBI ) in 2020 . • Net interest income for the six months ended June 30 , 2021 , totaled $ 35,894,000 , which is an increase of $ 94,000 or 0.3 % over comparable period results for the six months ended June 30 , 2020 . Total loans outstanding were $ 1,557,776,000 at June 30 , 2021 , as compared to $ 1,637,784,000 at December 31 , 2020 , for a decrease of 4.9 % . The decrease in loans is largely attributable to the forgiveness of Paycheck Protection Program ( PPP ) loans , sale of most new residential mortgages , and payoff of loans in the residential mortgage , consumer and government lending portfolios . Conversely , new loan production for all business lines totaled $ 226,731,000 for the six months ended June 30 , 2021 , which is an increase of 39.0 % over the same period of 2020 . • Total deposits were $ 2,338,035,000 at June 30 , 2021 , as compared to $ 2,185,525,000 at December 31 , 2020 , for an increase of 7.0 % . The increase in deposits is primarily a result of continued , slow economic conditions increasing the level of deposits held by existing and new customers , including the segment of municipal depositors . Quarterly cash dividends paid to ACNB Corporation shareholders in the first half of 2021 totaled $ 4,530,000 , or $ 0.52 per common share , which includes the special cash dividend of $ 0.02 per