LCNB Corporation (LCNB) financial statements (2022 and earlier)

Company profile

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

Balance sheet (Statement of financial position) ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments21342322251915
Cash and cash equivalents18322120251915
Short-term investments3222   
Total current assets:21342322251915
Noncurrent Assets
Operating lease, right-of-use asset665
Property, plant and equipment35353533353022
Intangible assets, net (including goodwill)62636364343536
Goodwill59595959303030
Intangible assets, net (excluding goodwill)2345455
Amortization method qualified affordable housing project investments151275321
Total noncurrent assets:118116110102726759
Other undisclosed assets1,7651,5951,5061,5131,1981,2211,207
TOTAL ASSETS:1,9041,7461,6391,6371,2961,3071,281
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt5121956474237
Total current liabilities:5121956474237
Noncurrent Liabilities
Liabilities, other than long-term debt9853221
Qualified affordable housing project investments, commitment9853221
Total noncurrent liabilities:9853221
Other undisclosed liabilities1,6511,4851,3881,3581,0961,1201,102
Total liabilities:1,6651,5051,4111,4181,1451,1641,140
Stockholders' equity
Stockholders' equity attributable to parent239241228219150143140
Common stock143142142141777677
Treasury stock, value(29)(21)(19)(12)(12)(12)(12)
Accumulated other comprehensive income (loss)(2)41(5)(2)(3)0
Retained earnings12611510495878175
Total stockholders' equity:239241228219150143140
TOTAL LIABILITIES AND EQUITY:1,9041,7461,6391,6371,2961,3071,281

Income statement (P&L) ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues62666555545351
Net investment income61646555444443
Financial services revenue9109
Cost of revenue
(Amortization of Mortgage Servicing Rights (MSRs))
(0)(0)(0)(0)(0)(0)(0)
Gross profit:62666555535351
Operating expenses(11)(11)(11)(11)(27)(26)(25)
Other operating income, net
(Noninterest Income, Other Operating Income)
1111000
Operating income:52575544272826
Nonoperating income
(Bank Owned Life Insurance Income)
1111111
Interest and debt expense(4)(8)(11)(6)(4)(4)(3)
Other undisclosed loss from continuing operations before equity method investments, income taxes (26)(23)(20)(7)(8)(8)
Income from continuing operations before equity method investments, income taxes:49242318171716
Other undisclosed loss from continuing operations before income taxes(23)      
Income from continuing operations before income taxes:26242318171716
Income tax expense(5)(4)(4)(3)(4)(4)(4)
Net income attributable to parent:21201915131211
Other undisclosed net loss available to common stockholders, basic(0)(0)(0)(0)(0)(0) 
Net income available to common stockholders, diluted:21201915131211

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income:21201915131211
Other comprehensive income (loss)(6)35(2)0(3)(1)
Comprehensive income, net of tax, attributable to parent:15232413131011

Statements sources

The financial statements are based on the company's filings with the 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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