LCNB CORP. LCNB Income Statement

Lcnb corp. (LCNB)

Income statement / Quarterly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Sep'10	Jun'10
INTEREST INCOME:
Interest and fees on loans
15,227	14,937	14,872	14,662	14,538	14,010	13,363	10,703	9,413	9,738	9,095	8,823	8,915	9,205	8,876	8,892	8,627	8,713	8,540	9,492	8,540	8,698	8,168	8,144	7,696	7,027	6,902	6,816	6,580	5,635	5,822	5,920	6,208	6,213	6,294	6,477	6,518	6,748	6,799
With a readily determinable fair value
14	15	15	15	17	17	17	16	15	-	13	16	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Dividends on equity securities with a readily determinable fair value
-	-	-	-	-	-	-	-	-	-	-	-	15	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Without a readily determinable fair value
16	-	16	16	16	-	7	8	7	-	6	5	6	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest on debt securities:
Taxable
950	881	918	933	869	900	901	934	931	950	1,089	1,128	1,072	939	1,152	1,187	1,189	1,214	1,094	1,033	856	856	984	1,026	891	813	862	860	834	927	941	982	887	1,017	1,036	914	876	913	882
Non-taxable
285	337	379	417	544	641	661	680	704	753	783	795	799	834	813	794	758	761	732	702	653	694	716	657	646	641	654	655	623	610	615	610	606	605	619	640	707	773	783
Interest Income, Other Domestic Deposits
0	-	3	3	5	-	32	2	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other investments
64	237	126	282	124	235	89	195	72	141	69	167	57	133	54	135	47	124	43	121	41	119	38	99	45	85	32	74	39	60	26	59	30	53	27	68	29	38	68
TOTAL INTEREST INCOME
16,556	16,424	16,329	16,328	16,113	15,844	15,070	12,538	11,142	11,610	11,055	10,934	10,864	11,226	10,895	11,008	10,621	10,812	10,409	11,348	10,090	10,367	9,906	9,926	9,278	8,566	8,450	8,405	8,076	7,232	7,404	7,571	7,731	7,888	7,976	8,099	8,130	8,472	8,532
INTEREST EXPENSE:
Interest on deposits
2,117	2,301	2,475	2,464	2,286	1,976	1,810	1,096	871	839	850	846	843	875	872	870	823	822	834	671	682	738	800	814	809	813	875	931	983	985	1,050	1,117	1,165	1,248	1,371	1,499	1,584	1,902	1,928
Interest on short-term borrowings
7	3	3	2	219	223	12	7	69	112	55	12	30	8	8	8	14	11	5	4	4	4	10	5	3	7	11	4	3	4	4	5	3	5	6	7	10	6	4
Interest on long-term debt
254	273	273	272	217	135	145	67	14	2	3	3	4	4	5	5	12	73	73	73	76	102	101	101	103	107	109	110	112	116	136	150	154	158	160	161	178	173	173
TOTAL INTEREST EXPENSE
2,378	2,577	2,751	2,738	2,722	2,334	1,967	1,170	954	953	908	861	877	887	885	883	849	906	912	748	762	844	911	920	915	927	995	1,045	1,098	1,105	1,190	1,272	1,322	1,411	1,537	1,667	1,772	2,081	2,105
NET INTEREST INCOME
14,178	13,847	13,578	13,590	13,391	13,510	13,103	11,368	10,188	10,657	10,147	10,073	9,987	10,339	10,010	10,125	9,772	9,906	9,497	10,600	9,328	9,523	8,995	9,006	8,363	7,639	7,455	7,360	6,978	6,127	6,214	6,299	6,409	6,477	6,439	6,432	6,358	6,391	6,427
Provision for Loan and Lease Losses
1,173	-6	264	54	-105	-39	659	224	79	-10	-12	222	15	55	372	396	90	380	240	677	69	193	401	255	81	219	178	42	149	609	436	91	215	613	588	224	664	268	511
NET INTEREST INCOME AFTER PROVISION (CREDIT) FOR LOAN LOSSES
13,005	13,853	13,314	13,536	13,496	13,549	12,444	11,144	10,109	10,667	10,159	9,851	9,972	10,284	9,638	9,729	9,682	9,526	9,257	9,923	9,259	9,330	8,594	8,751	8,282	7,420	7,277	7,318	6,829	5,518	5,778	6,208	6,194	5,864	5,851	6,208	5,694	6,123	5,916
NON-INTEREST INCOME:
Fiduciary income
1,103	1,139	1,123	1,058	1,034	971	1,081	942	964	-	871	881	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Service charges and fees on deposit accounts
1,295	1,454	1,616	1,497	1,308	1,420	1,439	1,426	1,305	-	1,352	1,312	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Realized (gain) loss from sales of debt securities, available-for-sale
221	-	-20	1	-18	-	-7	-1	0	-	78	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net gains (losses) on sales of securities
-	-	-	-	-	-	-	-	-	-	-	140	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Trust income
-	-	-	-	-	-	-	-	-	-	-	-	852	-	871	837	763	856	754	852	800	832	688	728	655	708	626	609	575	548	530	473	766	527	553	536	483	479	441
Service charges and fees on deposit accounts
-	-	-	-	-	-	-	-	-	-	-	-	1,222	-	1,276	1,243	1,193	1,265	1,314	1,234	1,107	1,219	1,245	1,252	1,122	1,041	1,062	1,073	979	907	911	909	878	929	957	952	901	1,009	1,005
Net gains on sales of securities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	307	279	371	163	0	221	111	56	97	0	-4	307	58	108	587	967	427	79	380	256	273	124	295	48	51
Bank owned life insurance income
601	289	289	183	182	185	185	182	186	191	190	297	189	193	193	191	169	155	156	155	159	164	165	170	172	166	168	172	172	146	145	139	148	149	153	148	146	148	944
Gain (Loss) on Sales of Loans, Net
120	121	114	64	29	41	63	97	22	30	34	63	39	69	73	61	41	-	34	219	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gains from sales of loans
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	35	-	24	53	15	34	57	119	129	146	151	102	107	85	35	24	33	195	18
Other operating income
499	223	234	195	237	85	160	145	159	124	134	97	128	117	126	139	105	106	128	150	94	123	96	98	117	102	76	97	65	39	41	53	57	35	62	51	57	49	55
TOTAL NON-INTEREST INCOME
3,839	3,202	3,376	2,998	2,772	2,695	2,928	2,791	2,636	2,579	2,659	2,790	2,430	2,615	2,846	2,750	2,642	2,600	2,386	2,831	2,306	2,449	2,315	2,301	2,077	2,358	2,047	2,178	2,507	2,753	2,205	1,755	2,336	1,981	2,033	1,835	1,915	1,928	2,514
NON-INTEREST EXPENSE:
Salaries and employee benefits
6,768	6,512	6,403	6,243	6,162	5,488	5,686	5,128	4,977	4,678	4,678	4,703	4,526	4,478	4,642	4,532	4,563	4,582	4,340	4,381	4,290	3,866	4,022	3,956	3,918	3,704	3,247	3,242	3,294	2,610	3,059	2,963	2,982	2,753	2,983	2,955	3,052	2,861	2,771
Equipment expenses
287	343	322	278	266	341	276	268	253	336	361	264	211	281	279	239	249	343	324	302	288	340	337	345	294	324	318	298	292	311	263	264	262	293	288	240	217	222	220
Occupancy expense, net
682	703	751	744	763	742	734	658	727	724	685	636	568	564	550	588	569	558	570	584	595	526	541	514	651	513	505	518	506	429	445	390	407	456	443	407	455	456	441
State financial institutions tax
436	362	433	436	438	299	299	296	303	286	281	286	284	278	279	276	281	248	251	250	252	241	231	239	244	211	208	211	216	195	193	196	206	182	190	196	196	173	174
Marketing
177	310	410	297	302	321	382	284	132	232	282	216	143	166	162	201	167	161	176	220	163	162	212	197	132	115	145	157	144	117	129	169	111	110	145	110	115	118	126
Amortization of intangibles
260	263	263	260	257	263	286	188	185	189	189	188	185	189	189	188	187	190	189	175	146	150	150	148	126	-	-	-	-	-	-	-	-	-	-	-	-	15	14
FDIC insurance premiums (credit), net
-1	-	-13	-	126	-	91	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
FDIC premiums
-	-	-	112	-	-	-	99	99	103	108	108	104	52	168	162	165	166	136	145	151	168	183	160	149	124	128	119	128	107	83	104	111	-18	95	188	280	269	229
Contracted services
402	471	455	475	464	454	387	391	315	325	307	375	248	-	300	223	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other real estate owned
-	-	1	48	-	16	1	1	2	2	3	0	5	-	222	356	-	-	188	20	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Merger-related expenses
0	0	27	20	67	164	346	855	758	118	0	0	0	-	-	-	-	2	49	522	70	34	4	70	1,292	107	0	271	1,055	-	-	-	-	-	-	-	-	-	-
Other non-interest expense
2,061	-342	1,930	1,920	1,855	-512	1,829	2,543	1,798	-570	1,778	1,835	1,694	-913	1,802	1,703	2,111	-1,331	1,865	1,827	1,694	-1,426	1,558	1,971	1,866	-1,052	1,612	1,508	1,456	-1,105	1,392	1,244	1,369	-750	1,292	1,211	1,470	1,426	1,243
TOTAL NON-INTEREST EXPENSE
11,072	10,987	11,002	10,833	10,700	9,918	10,324	10,711	9,549	8,612	8,672	8,611	7,968	7,908	8,593	8,468	8,292	8,229	8,088	8,426	7,649	7,334	7,238	7,600	8,672	6,634	6,163	6,324	7,091	5,340	5,564	5,330	5,448	5,321	5,436	5,307	5,785	5,540	5,218
INCOME BEFORE INCOME TAXES
5,772	6,068	5,688	5,701	5,568	6,326	5,048	3,224	3,196	4,634	4,146	4,030	4,434	4,991	3,891	4,011	4,032	3,897	3,555	4,328	3,916	4,445	3,671	3,452	1,687	3,144	3,161	3,172	2,245	2,931	2,419	2,633	3,082	2,524	2,448	2,736	1,824	2,511	3,212
Income Tax Expense (Benefit)
746	1,238	961	973	941	1,133	847	486	483	1,017	1,040	1,027	1,188	1,337	995	1,043	1,068	1,013	922	1,205	1,082	1,228	953	841	364	797	804	824	517	772	572	646	805	570	581	713	346	561	527
NET INCOME FROM CONTINUING OPERATIONS
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,954	1,867	2,023	1,478	1,950	2,685
INCOME FROM DISCONTINUED OPERATIONS, NET OF TAX
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-31	824	39	67
Net Income (Loss) Attributable to Parent
5,026	4,830	4,727	4,728	4,627	5,193	4,201	2,738	2,713	3,617	3,106	3,003	3,246	3,654	2,896	2,968	2,964	2,884	2,633	3,123	2,834	3,217	2,718	2,611	1,323	2,347	2,357	2,348	1,728	2,159	1,847	1,987	2,277	1,954	1,867	1,992	2,302	1,989	2,752
Earnings per common share:
Common Stock, Dividends, Per Share, Declared
0.18	-	0.17	0.17	0.17	-	0.16	0.16	0.16	-	0.16	0.16	0.16	-	0.16	0.16	0.16	-	0.16	0.16	0.16	-	0.16	0.16	0.16	-	0.16	0.16	0.16	-	0.16	0.16	0.16	-	0.16	0.16	0.16	0.16	0.16
Earnings Per Share [Abstract]
Basic (usd per share)
0.39	0.37	0.36	0.36	0.35	0.40	0.32	0.25	0.27	0.37	0.31	0.30	0.32	0.37	0.29	0.30	0.30	0.29	0.26	0.33	0.30	0.34	0.30	0.28	0.14	0.27	0.31	0.31	0.23	0.32	0.27	0.30	0.34	-	-	-	-	-	-
Diluted (usd per share)
0.39	0.37	0.36	0.36	0.35	0.40	0.32	0.25	0.27	0.36	0.31	0.30	0.32	0.37	0.29	0.29	0.30	0.29	0.26	0.32	0.30	0.34	0.29	0.28	0.14	0.27	0.30	0.30	0.23	0.32	0.27	0.29	0.34	-	-	-	-	-	-
Continuing Operations (in dollars per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.28	0.30	-	-	-
Discontinued Operations (in dollars per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.00	0.00	-	-	-
Continuing operations (in dollars per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.28	0.30	-	0.30	-
Discontinued operations (in dollars per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.00	0.00	-	0.00	-
Weighted average common shares outstanding:
Continuing operations (in dollars per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.22	0.30	0.40
Discontinued operations (in dollars per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.12	0.00	0.01
Weighted Average Number of Shares Outstanding, Basic
12,926	12,906	12,932	13,192	13,283	13,336	13,285	11,099	10,020	10,014	10,008	10,004	9,995	9,991	9,962	9,922	9,916	9,914	9,898	9,694	9,312	9,306	9,299	9,293	9,288	8,632	7,636	7,627	7,513	6,727	6,721	6,713	6,706	6,699	6,690	6,689	6,689	6,687	6,687
Weighted Average Number of Shares Outstanding, Diluted
12,927	12,910	12,937	13,196	13,287	13,344	13,290	11,105	10,028	10,020	10,015	10,011	10,002	9,995	9,972	9,940	9,996	10,024	10,005	9,804	9,410	9,404	9,405	9,402	9,413	8,774	7,787	7,759	7,610	6,848	6,797	6,789	6,773	6,767	6,750	6,746	6,741	6,740	6,742