LCNB CORP
For the period ended Mar 31, 2025. Filed May 7, 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 7, 2025
LCNB$19.66-0.6%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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CONSOLIDATED CONDENSED STATEMENTS OF CASH FLOWS
(In thousands)
| Three Months Ended | ||
|---|---|---|
| March 31, | ||
| 2025 | 2024 | |
| CASH FLOWS FROM OPERATING ACTIVITIES: | ||
| Net income | $4,609 | 1,915 |
| Adjustments to reconcile net income to net cash flows from operating activities: | ||
| Depreciation, amortization, and accretion | 503 | 481 |
| Provision for credit losses | 197 | 125 |
| Deferred income tax provision | 506 | 44 |
| Increase in cash surrender value of bank-owned life insurance | (346) | (318) |
| Realized and unrealized (gains) losses from equity securities, net | (14) | 10 |
| Realized losses from sales of debt securities, available-for-sale | — | 214 |
| Impairment charge recognized on premises and equipment | 73 | — |
| Origination of mortgage loans for sale | (27,577) | (32,620) |
| Realized gains from sales of loans | (841) | (522) |
| Proceeds from sales of originated loans | 27,876 | 22,429 |
| Compensation expense related to restricted stock | 284 | 315 |
| Changes in: | ||
| Accrued interest receivable | (312) | (710) |
| Other assets | (48) | (936) |
| Other liabilities | (2,698) | (2,368) |
| TOTAL ADJUSTMENTS | (2,397) | (13,856) |
| NET CASH FLOWS PROVIDED BY (USED IN) OPERATING ACTIVITIES | 2,212 | (11,941) |
| CASH FLOWS FROM INVESTING ACTIVITIES: | ||
| Equity securities: | ||
| Purchases of securities | (10) | (8) |
| Available for-sale debt securities: | ||
| Proceeds from sales | — | 9,615 |
| Proceeds from maturities, prepayments and calls | 7,012 | 4,624 |
| Purchases of securities | — | (2,207) |
| Held-to-maturity debt securities: | ||
| Proceeds from maturities, prepayments and calls | 116 | 112 |
| Purchases of securities | (1,377) | — |
| Purchase of Federal Reserve Bank stock | — | (688) |
| Purchases of Federal Home Loan Bank stock | — | (1,293) |
| Net decrease in loans | 4,750 | 2,961 |
| Purchases of premises and equipment | (70) | (858) |
| Funding of tax credit investments | (608) | (553) |
| NET CASH FLOWS PROVIDED BY INVESTING ACTIVITIES | 9,813 | 11,705 |
| CASH FLOWS FROM FINANCING ACTIVITIES: | ||
| Net increase in customer deposits | 43,357 | 34,104 |
| Net decrease in short-term borrowings | — | (87,395) |
| Proceeds from issuance of long-term debt | — | 50,000 |
| Principal payments on long-term debt | (50,516) | (493) |
| Proceeds from issuance of common stock | 148 | 130 |
| Cash dividends paid on common stock | (3,088) | (2,882) |
| NET CASH FLOWS USED IN FINANCING ACTIVITIES | (10,099) | (6,536) |
| NET CHANGE IN CASH AND CASH EQUIVALENTS | 1,926 | (6,772) |
| CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD | 35,744 | 39,723 |
| CASH AND CASH EQUIVALENTS AT END OF PERIOD | $37,670 | 32,951 |
| SUPPLEMENTAL CASH FLOW INFORMATION: | ||
| CASH PAID DURING THE YEAR FOR: | ||
| Interest | $9,675 | 10,312 |
| SUPPLEMENTAL DISCLOSURE OF NONCASH INVESTING ACTIVITIES: | ||
| Transfer from loans held-for-investment to loans held-for-sale | $— | 64,869 |
| Transfer from premises and equipment to premises held-for-sale | 525 | — |
| Right-of-use assets obtained in exchange for lease obligations | 318 | — |
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