LCNB CORP

For the period ended Sep 30, 2025. Filed Nov 5, 2025.

About this filing

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.

Sep 30, 2025 · Filed Nov 5, 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)

	Nine Months Ended
	September 30,
	2025	2024
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income	$17,464	7,372
Adjustments to reconcile net income to net cash flows from operating activities:
Depreciation, amortization, and accretion	522	755
Provision for credit losses	426	1,313
Deferred income tax provision (benefit)	2,146	(1,421)
Increase in cash surrender value of bank-owned life insurance	(1,060)	(1,007)
Bank-owned life insurance death benefits in excess of cash surrender value	—	(306)
Realized and unrealized gains from equity securities, net	(21)	(25)
Realized losses from sales of debt securities, available-for-sale	—	214
Realized gains from sales of premises and equipment	—	(454)
Origination of mortgage loans for sale	(79,955)	(104,719)
Realized gains from sales of loans	(2,174)	(3,040)
Proceeds from sales of originated loans	83,667	107,357
Proceeds from sales of acquired loans	—	47,718
Realized losses from sales of acquired loans	—	842
Compensation expense related to restricted stock	515	501
Changes in:
Accrued interest receivable	(102)	(754)
Other assets	(407)	(223)
Other liabilities	635	744
TOTAL ADJUSTMENTS	4,192	47,495
NET CASH FLOWS PROVIDED BY OPERATING ACTIVITIES	21,656	54,867
CASH FLOWS FROM INVESTING ACTIVITIES:
Equity securities:
Purchases of securities	(30)	(27)
Available for-sale debt securities:
Proceeds from sales	—	9,615
Proceeds from maturities, prepayments and calls	26,576	18,218
Purchases of securities	(1,680)	(6,195)
Held-to-maturity debt securities:
Proceeds from maturities, prepayments and calls	391	684
Purchases of securities	(1,377)	(2,558)
Purchase of interest-bearing time deposits	(8)	—
Purchase of Federal Reserve Bank stock	—	(1,343)
Purchases of Federal Home Loan Bank stock	—	(1,293)
Proceeds from redemption of Federal Home Loan Bank stock	—	93
Net decrease in loans	45,189	50,442
Purchases of premises and equipment	(614)	(3,423)
Proceeds from sales of premises and equipment	1	846
Cash and cash equivalents paid for acquisition, net of cash acquired	—	(2,144)
Funding of tax credit investments	(1,422)	(1,752)
NET CASH FLOWS PROVIDED BY INVESTING ACTIVITIES	67,026	61,163
CASH FLOWS FROM FINANCING ACTIVITIES:
Net increase (decrease) in customer deposits	(29,210)	(39,819)
Net decrease in short-term borrowings	—	(110,395)
Proceeds from issuance of long-term debt	363	50,000
Principal payments on long-term debt	(50,799)	(7,492)
Proceeds from issuance of common stock	505	391
Repurchase of common stock	(69)	—
Cash dividends paid on common stock	(9,351)	(9,064)
NET CASH FLOWS USED IN FINANCING ACTIVITIES	(88,561)	(116,379)
NET CHANGE IN CASH AND CASH EQUIVALENTS	121	(349)
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD	35,744	39,723
CASH AND CASH EQUIVALENTS AT END OF PERIOD	$35,865	39,374
SUPPLEMENTAL CASH FLOW INFORMATION:
CASH PAID DURING THE YEAR FOR:
Interest	$26,607	32,707
SUPPLEMENTAL DISCLOSURE OF NONCASH INVESTING ACTIVITIES:
Transfer from loans held-for-investment to loans held-for-sale	$—	60,471
Transfer from loans held-for-sale to loans held-for-investment	—	4,817
Transfer from premises and equipment to premises held-for-sale	598	—
Right-of-use assets obtained in exchange for lease obligations	1,075	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.