LCNB Corporation (LCNB) Financial Statements (2025 and earlier)

Company Profile

Business Address 2 NORTH BROADWAY
LEBANON, OH 45036
State of Incorp. OH
Fiscal Year End December 31
Industry (SIC) 6021 - National Commercial Banks (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

12/31/2024
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments41,05924,97420,68234,11923,07722,118
Cash and cash equivalent39,72322,70118,13631,73020,76520,040
Short-term investments 1,3362,2732,5462,3892,3122,078
Financing receivable, accrued interest, after allowance for credit loss7,300   
Debt securities, held-to-maturity, accrued interest, after allowance for credit loss58   
Total current assets:48,41724,97420,68234,11923,07722,118
Noncurrent Assets
Operating lease, right-of-use asset6,0006,2486,3576,2745,444
Property, plant and equipment36,30233,04235,38535,37634,78732,627
Intangible assets, net (including goodwill)89,00361,04861,69462,67463,22764,263
Goodwill79,50959,22159,22159,22159,22159,221
Intangible assets, net (excluding goodwill)9,4941,8272,4733,4534,0065,042
Investment, proportional amortization method, elected, amount16,95016,95014,95012,0007,0005,000
Total noncurrent assets:148,255117,288118,386116,324110,458101,890
Other undisclosed assets2,094,9201,776,8591,764,5611,595,4411,505,7731,512,919
TOTAL ASSETS:2,291,5921,919,1211,903,6291,745,8841,639,3081,636,927
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt 97,39571,4555,00012,00018,99856,230
Total current liabilities: 97,39571,4555,00012,00018,99856,230
Noncurrent Liabilities
Liabilities, other than long-term debt4,5277,1858,6558,2374,5963,372
Investment program, proportional amortization method, elected, commitment4,5277,1858,6558,2374,5963,372
Total noncurrent liabilities:4,5277,1858,6558,2374,5963,372
Other undisclosed liabilities1,954,3671,639,8061,651,3701,484,8221,387,6661,358,340
Total liabilities:2,056,2891,718,4461,665,0251,505,0591,411,2601,417,942
Equity
Equity, attributable to parent235,303200,675238,604240,825228,048218,985
Common stock173,637144,069143,130142,443141,791141,170
Treasury stock, value(56,015)(52,689)(29,029)(20,719)(18,847)(12,013)
Accumulated other comprehensive income (loss)(22,336)(29,954)(1,809)4,043673(4,719)
Retained earnings140,017139,249126,312115,058104,43194,547
Total equity:235,303200,675238,604240,825228,048218,985
TOTAL LIABILITIES AND EQUITY:2,291,5921,919,1211,903,6291,745,8841,639,3081,636,927

Income Statement (P&L) ($ in thousands)

12/31/2024
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Revenues80,25365,89361,97866,02365,41954,744
Net investment income79,55665,69761,12663,72665,13254,529
Cost of revenue(240)(268)(346)(226)(148)(125)
Provision for loan, lease, and other losses      
Amortization of mortgage servicing rights (msrs) (240)(268)(346)(226)(148)(125)
Gross profit:80,01365,62561,63265,79765,27154,619
Operating expenses(15,352)(10,326)(11,052)(10,517)(10,772)(11,408)
Other operating income, net
(Noninterest Income, Other Operating Income)
6313601,2931,291889549
Operating income:65,29255,65951,87356,57155,38843,760
Nonoperating income1,1321,9401,0741,441943738
Bank owned life insurance income1,1361,0741,0741,441943738
Profit (loss) from real estate operations(4)866    
Interest and debt expense (23,250)(4,711)(4,053)(7,562)(10,788)(6,425)
Other undisclosed loss from continuing operations before equity method investments, income taxes    (26,290)(22,518)(20,279)
Income from continuing operations before equity method investments, income taxes:43,17452,88848,89424,16023,02517,794
Other undisclosed loss from continuing operations before income taxes(27,914)(25,942)(23,309)   
Income from continuing operations before income taxes:15,26026,94625,58524,16023,02517,794
Income tax expense(2,632)(4,818)(4,611)(4,085)(4,113)(2,949)
Income from continuing operations:12,62822,12820,97420,07518,91214,845
Income before gain (loss) on sale of properties:20,97420,07518,91214,845
Net income attributable to parent:12,62822,12820,97420,07518,91214,845
Other undisclosed net loss available to common stockholders, basic(86)(114)(75)(45)(31)(18)
Net income available to common stockholders, diluted:12,54222,01420,89920,03018,88114,827

Comprehensive Income ($ in thousands)

12/31/2024
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Net income:12,62822,12820,97420,07518,91214,845
Other comprehensive income (loss)7,618(28,145)(5,852)3,3705,392(1,852)
Comprehensive income (loss):20,246(6,017)15,12223,44524,30412,993
Other undisclosed comprehensive income, net of tax, attributable to parent      
Comprehensive income (loss), net of tax, attributable to parent:20,246(6,017)15,12223,44524,30412,993

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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