LCNB CORP

For the period ended Jun 30, 2025. Filed Aug 6, 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.

Jun 30, 2025 · Filed Aug 6, 2025

LCNB$19.66-0.6%Stored close · as of Nov 10, 2026

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Contents

CONSOLIDATED CONDENSED STATEMENTS OF CASH FLOWS

(In thousands)

	Six Months Ended
	June 30,
	2025	2024
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income	$10,528	2,840
Adjustments to reconcile net income to net cash flows from operating activities:
Depreciation, amortization, and accretion	(1,253)	386
Provision for credit losses	215	653
Deferred income tax provision	1,221	44
Increase in cash surrender value of bank-owned life insurance	(699)	(659)
Realized and unrealized (gains) losses from equity securities, net	(22)	24
Realized losses from sales of debt securities, available-for-sale	—	214
Origination of mortgage loans for sale	(57,973)	(64,832)
Realized gains from sales of loans	(1,456)	(1,414)
Proceeds from sales of originated loans	58,959	62,346
Proceeds from sales of acquired loans	—	47,718
Realized losses from sales of acquired loans	—	842
Compensation expense related to restricted stock	385	407
Changes in:
Accrued interest receivable	(94)	(777)
Other assets	(2,095)	(4,602)
Other liabilities	(37)	(229)
TOTAL ADJUSTMENTS	(2,849)	40,121
NET CASH FLOWS PROVIDED BY OPERATING ACTIVITIES	7,679	42,961
CASH FLOWS FROM INVESTING ACTIVITIES:
Equity securities:
Purchases of securities	(20)	(18)
Available for-sale debt securities:
Proceeds from sales	—	9,615
Proceeds from maturities, prepayments and calls	12,541	9,336
Purchases of securities	(750)	(4,861)
Held-to-maturity debt securities:
Proceeds from maturities, prepayments and calls	273	570
Purchases of securities	(1,378)	(2,558)
Purchase of interest-bearing time deposits	(6)	—
Purchase of Federal Reserve Bank stock	—	(1,248)
Purchases of Federal Home Loan Bank stock	—	(1,293)
Proceeds from redemption of Federal Home Loan Bank stock	—	93
Net decrease in loans	12,170	27,503
Purchases of premises and equipment	(305)	(2,001)
Proceeds from sales of premises and equipment	1	—
Cash and cash equivalents acquired, net of cash paid for acquisition	—	(1,025)
Funding of tax credit investments	(1,163)	(1,062)
NET CASH FLOWS PROVIDED BY INVESTING ACTIVITIES	21,363	33,051
CASH FLOWS FROM FINANCING ACTIVITIES:
Net increase (decrease) in customer deposits	41,080	(13,764)
Net decrease in short-term borrowings	—	(110,395)
Proceeds from issuance of long-term debt	—	50,000
Principal payments on long-term debt	(50,153)	(990)
Proceeds from issuance of common stock	331	260
Repurchase of common stock	(69)	—
Cash dividends paid on common stock	(6,197)	(5,974)
NET CASH FLOWS USED IN FINANCING ACTIVITIES	(15,008)	(80,863)
NET CHANGE IN CASH AND CASH EQUIVALENTS	14,034	(4,851)
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD	35,744	39,723
CASH AND CASH EQUIVALENTS AT END OF PERIOD	$49,778	34,872
SUPPLEMENTAL CASH FLOW INFORMATION:
CASH PAID DURING THE YEAR FOR:
Interest	$18,257	21,481
SUPPLEMENTAL DISCLOSURE OF NONCASH INVESTING ACTIVITIES:
Transfer from loans held-for-investment to loans held-for-sale	$—	65,288
Transfer from premises and equipment to premises held-for-sale	525	—
Right-of-use assets obtained in exchange for lease obligations	554	62

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The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.