Lcnb corp. (LCNB)
Income statement / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10Dec'09
INTEREST INCOME:
Interest and fees on loans

59,009

47,489

36,571

35,600

35,285

32,706

27,325

23,585

25,502

27,020

27,538

With a readily determinable fair value

62

65

63

66

-

-

-

-

-

-

-

Dividend Income, Operating

65

39

26

49

-

-

-

-

-

-

-

Interest on debt securities:
Taxable

3,601

3,666

4,239

4,467

4,197

3,757

3,369

3,737

3,843

3,686

4,237

Non-taxable

1,677

2,686

3,130

3,199

2,848

2,713

2,573

2,441

2,571

3,126

2,921

Interest Income, Deposits with Financial Institutions

11

58

0

-

-

-

-

-

-

-

-

Other investments

769

591

434

369

329

301

230

175

177

199

202

TOTAL INTEREST INCOME

65,194

54,594

44,463

43,750

42,659

39,477

33,497

29,938

32,093

34,031

34,898

INTEREST EXPENSE:
Interest on deposits

9,526

5,753

3,378

3,440

3,009

3,161

3,602

4,317

5,702

7,613

9,434

Interest on short-term borrowings

227

311

209

38

24

22

25

16

28

27

3

Interest on long-term debt

1,035

361

12

26

295

407

438

556

657

694

623

TOTAL INTEREST EXPENSE

10,788

6,425

3,599

3,504

3,328

3,590

4,065

4,889

6,387

8,334

10,060

NET INTEREST INCOME

54,406

48,169

40,864

40,246

39,331

35,887

29,432

25,049

25,706

25,697

24,838

Provision for Loan and Lease Losses

207

923

215

913

1,366

930

588

1,351

2,089

1,680

1,400

NET INTEREST INCOME AFTER PROVISION (CREDIT) FOR LOAN LOSSES

54,199

47,246

40,649

39,333

37,965

34,957

28,844

23,698

23,617

24,017

23,438

NON-INTEREST INCOME:
Fiduciary income

4,354

3,958

3,473

3,286

-

-

-

-

-

-

-

Service charges and fees on deposit accounts

5,875

5,590

5,236

5,008

-

-

-

-

-

-

-

Net gains (losses) on sales of securities

-41

-8

233

1,082

-

-

-

-

-

-

-

Trust income

-

-

-

-

3,262

2,903

2,518

2,317

2,099

1,897

1,916

Service charges and fees on deposit accounts

-

-

-

-

4,920

4,838

4,155

3,605

3,739

3,904

3,931

Net gains on sales of securities

-

-

-

-

495

149

1,060

1,853

948

948

110

Bank owned life insurance income

943

738

867

746

625

671

678

578

596

1,389

637

Gain (Loss) on Sales of Loans, Net

328

223

166

244

343

147

-

-

-

-

-

Gains from sales of loans

-

-

-

-

-

-

339

506

177

496

396

Other operating income

889

549

483

487

478

434

340

190

205

253

190

TOTAL NON-INTEREST INCOME

12,348

11,050

10,458

10,853

10,123

9,142

9,090

9,049

7,764

8,887

7,180

NON-INTEREST EXPENSE:
Salaries and employee benefits

25,320

21,279

18,585

18,215

17,593

15,762

13,487

11,614

11,743

11,271

10,534

Equipment expenses

1,209

1,138

1,172

1,048

1,257

1,316

1,232

1,100

1,038

889

995

Occupancy expense, net

2,961

2,861

2,613

2,271

2,307

2,232

2,042

1,671

1,761

1,875

1,721

State financial institutions tax

1,669

1,197

1,137

1,114

1,001

955

846

790

764

703

610

Marketing

1,319

1,119

873

696

720

703

561

526

480

448

408

Amortization of intangibles

1,043

922

751

753

700

574

334

57

-

-

-

FDIC premiums

225

419

423

547

598

660

499

405

545

958

1,271

ATM expense

580

580

572

721

698

624

534

620

553

513

513

Computer maintenance and supplies

1,094

990

882

790

782

794

616

524

565

456

449

Telephone expense

707

649

735

746

707

690

566

465

407

414

407

Contracted services

1,865

1,547

1,255

1,033

842

880

568

441

420

370

-

Other real estate owned

53

20

10

624

489

285

-30

490

350

506

17

Merger-related expenses

114

2,123

118

0

643

1,400

1,433

79

0

-

-

Write-off of pension asset

-

-

-

-

-

-

-

-

-

-

-722

Other non-interest expense

5,363

5,658

4,737

4,703

4,055

3,969

3,524

2,900

3,223

2,874

3,039

TOTAL NON-INTEREST EXPENSE

43,522

40,502

33,863

33,261

32,392

30,844

26,212

21,682

21,849

21,277

20,686

INCOME BEFORE INCOME TAXES

23,025

17,794

17,244

16,925

15,696

13,255

11,722

11,065

9,532

11,627

9,932

Income Tax Expense (Benefit)

4,113

2,949

4,272

4,443

4,222

3,386

2,942

2,795

2,210

2,494

2,245

NET INCOME FROM CONTINUING OPERATIONS

-

-

-

-

-

-

-

-

7,322

9,133

7,687

INCOME FROM DISCONTINUED OPERATIONS, NET OF TAX

-

-

-

-

-

-

-

-

793

240

79

Net Income (Loss) Attributable to Parent

18,912

14,845

12,972

12,482

11,474

9,869

8,780

8,270

8,115

9,373

7,766

Earnings Per Share [Abstract]
Basic (usd per share)

1.44

1.24

1.30

1.26

1.18

1.06

1.12

1.23

-

-

-

Diluted (usd per share)

1.44

1.24

1.29

1.25

1.17

1.05

1.10

1.22

-

-

-

PREFERRED STOCK DIVIDENDS AND DISCOUNT ACCRETION

-

-

-

-

-

-

-

-

-

-

1,108

NET INCOME AVAILABLE TO COMMON SHAREHOLDERS

-

-

-

-

-

-

-

-

-

-

6,658

Continuing Operations (in dollars per share)

-

-

-

-

-

-

-

-

1.09

1.37

0.99

Discontinued Operations (in dollars per share)

-

-

-

-

-

-

-

-

0.12

0.03

0.01

Continuing operations (in dollars per share)

-

-

-

-

-

-

-

-

1.08

1.36

0.98

Discontinued operations (in dollars per share)

-

-

-

-

-

-

-

-

0.12

0.03

0.01

Weighted average common shares outstanding:
Weighted Average Number of Shares Outstanding, Basic

13,078

11,935

10,005

9,948

9,704

9,297

7,852

6,717

6,692

6,687

6,687

Weighted Average Number of Shares Outstanding, Diluted

13,082

11,942

10,012

9,976

9,811

9,406

7,982

6,802

6,751

6,736

6,701