LCNB CORP
For the period ended Mar 31, 2024. Filed May 10, 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.
Mar 31, 2024 · Filed May 10, 2024
LCNB$19.78+1.0%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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CONSOLIDATED CONDENSED BALANCE SHEETS
(Unaudited, dollars in thousands)
| March 31,2024 | December 31, 2023 | |
|---|---|---|
| ASSETS: | ||
| Cash and due from banks | $24,950 | $36,535 |
| Interest-bearing demand deposits | 8,001 | 3,188 |
| Total cash and cash equivalents | 32,951 | 39,723 |
| Investment securities: | ||
| Equity securities with a readily determinable fair value, at fair value | 1,334 | 1,336 |
| Equity securities without a readily determinable fair value, at cost | 3,666 | 3,666 |
| Debt securities, available-for-sale, at fair value | 262,786 | 276,601 |
| Debt securities, held-to-maturity, at cost, net of allowance for credit losses of $5 and $5 at March 31, 2024 and December 31, 2023, respectively | 16,746 | 16,858 |
| Federal Reserve Bank stock, at cost | 5,774 | 5,086 |
| Federal Home Loan Bank stock, at cost | 16,469 | 15,176 |
| Loans, net of allowance for credit losses of $10,557 and $10,525 at March 31, 2024 and December 31, 2023, respectively | 1,645,797 | 1,712,946 |
| Loans held for sale | 75,581 | — |
| Premises and equipment, net | 36,690 | 36,302 |
| Operating lease right-of-use assets | 5,838 | 6,000 |
| Goodwill | 79,559 | 79,509 |
| Core deposit and other intangibles, net | 8,903 | 9,494 |
| Bank-owned life insurance | 50,165 | 49,847 |
| Interest receivable | 9,115 | 8,405 |
| Other assets, net | 31,777 | 30,643 |
| TOTAL ASSETS | 2,283,151 | 2,291,592 |
| LIABILITIES: | ||
| Deposits: | ||
| Noninterest-bearing | $435,580 | 462,267 |
| Interest-bearing | 1,422,913 | 1,362,122 |
| Total deposits | 1,858,493 | 1,824,389 |
| Short-term borrowings | 10,000 | 97,395 |
| Long-term debt | 162,638 | 113,123 |
| Operating lease liabilities | 6,123 | 6,261 |
| Accrued interest and other liabilities | 12,234 | 15,121 |
| TOTAL LIABILITIES | 2,049,488 | 2,056,289 |
| COMMITMENTS AND CONTINGENT LIABILITIES | — | — |
| SHAREHOLDERS' EQUITY: | ||
| Preferred shares – no par value, authorized 1,000,000 shares, none outstanding | — | — |
| Common shares – no par value; authorized 19,000,000 shares; issued 16,435,659 and 16,384,952 shares at March 31, 2024 and December 31, 2023, respectively; outstanding 13,224,276 and 13,173,569 shares at March 31, 2024 and December 31, 2023, respectively | 174,082 | 173,637 |
| Retained earnings | 139,050 | 140,017 |
| Treasury shares at cost, 3,211,383 and 3,211,383 shares at March 31, 2024 and December 31, 2023, respectively | (56,015) | (56,015) |
| Accumulated other comprehensive loss, net of taxes | (23,454) | (22,336) |
| TOTAL SHAREHOLDERS' EQUITY | 233,663 | 235,303 |
| TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY | $2,283,151 | $2,291,592 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.