LCNB CORP. LCNB Income Statement

Lcnb corp. (LCNB)

Income statement / TTM

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
59,698	59,009	58,082	56,573	52,614	47,489	43,217	38,949	37,069	36,571	36,038	35,819	35,888	35,600	35,108	34,772	35,372	35,285	35,270	34,898	33,550	32,706	31,035	29,769	28,441	27,325	25,933	24,853	23,957	23,585	24,163	24,635	25,192	25,502	26,037	26,542	0	0	0
With a readily determinable fair value
59	62	64	66	67	65	61	60	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Dividends on equity securities with a readily determinable fair value
-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Without a readily determinable fair value
0	-	0	0	0	-	0	0	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest on debt securities:
Taxable
3,682	3,601	3,620	3,603	3,604	3,666	3,716	3,904	4,098	4,239	4,228	4,291	4,350	4,467	4,742	4,684	4,530	4,197	3,839	3,729	3,722	3,757	3,714	3,592	3,426	3,369	3,483	3,562	3,684	3,737	3,827	3,922	3,854	3,843	3,739	3,585	0	0	0
Non-taxable
1,418	1,677	1,981	2,263	2,526	2,686	2,798	2,920	3,035	3,130	3,211	3,241	3,240	3,199	3,126	3,045	2,953	2,848	2,781	2,765	2,720	2,713	2,660	2,598	2,596	2,573	2,542	2,503	2,458	2,441	2,436	2,440	2,470	2,571	2,739	2,903	0	0	0
Interest Income, Other Domestic Deposits
0	-	0	0	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other investments
709	769	767	730	643	591	497	477	449	434	426	411	379	369	360	349	335	329	324	319	297	301	267	261	236	230	205	199	184	175	168	169	178	177	162	203	0	0	0
TOTAL INTEREST INCOME
65,637	65,194	64,614	63,355	59,565	54,594	50,360	46,345	44,741	44,463	44,079	43,919	43,993	43,750	43,336	42,850	43,190	42,659	42,214	41,711	40,289	39,477	37,676	36,220	34,699	33,497	32,163	31,117	30,283	29,938	30,594	31,166	31,694	32,093	32,677	33,233	0	0	0
INTEREST EXPENSE:
Interest on deposits
9,357	9,526	9,201	8,536	7,168	5,753	4,616	3,656	3,406	3,378	3,414	3,436	3,460	3,440	3,387	3,349	3,150	3,009	2,925	2,891	3,034	3,161	3,236	3,311	3,428	3,602	3,774	3,949	4,135	4,317	4,580	4,901	5,283	5,702	6,356	6,913	0	0	0
Interest on short-term borrowings
15	227	447	456	461	311	200	243	248	209	105	58	54	38	41	38	34	24	17	22	23	22	25	26	25	25	22	15	16	16	17	19	21	28	29	27	0	0	0
Interest on long-term debt
1,072	1,035	897	769	564	361	228	86	22	12	14	16	18	26	95	163	231	295	324	352	380	407	412	420	429	438	447	474	514	556	598	622	633	657	672	685	0	0	0
TOTAL INTEREST EXPENSE
10,444	10,788	10,545	9,761	8,193	6,425	5,044	3,985	3,676	3,599	3,533	3,510	3,532	3,504	3,523	3,550	3,415	3,328	3,266	3,265	3,437	3,590	3,673	3,757	3,882	4,065	4,243	4,438	4,665	4,889	5,195	5,542	5,937	6,387	7,057	7,625	0	0	0
NET INTEREST INCOME
55,193	54,406	54,069	53,594	51,372	48,169	45,316	42,360	41,065	40,864	40,546	40,409	40,461	40,246	39,813	39,300	39,775	39,331	38,948	38,446	36,852	35,887	34,003	32,463	30,817	29,432	27,920	26,679	25,618	25,049	25,399	25,624	25,757	25,706	25,620	25,608	0	0	0
Provision for Loan and Lease Losses
1,485	207	174	569	739	923	952	281	279	215	280	664	838	913	1,238	1,106	1,387	1,366	1,179	1,340	918	930	956	733	520	588	978	1,236	1,285	1,351	1,355	1,507	1,640	2,089	1,744	1,667	0	0	0
NET INTEREST INCOME AFTER PROVISION (CREDIT) FOR LOAN LOSSES
53,708	54,199	53,895	53,025	50,633	47,246	44,364	42,079	40,786	40,649	40,266	39,745	39,623	39,333	38,575	38,194	38,388	37,965	37,769	37,106	35,934	34,957	33,047	31,730	30,297	28,844	26,942	25,443	24,333	23,698	24,044	24,117	24,117	23,617	23,876	23,941	0	0	0
NON-INTEREST INCOME:
Fiduciary income
4,423	4,354	4,186	4,144	4,028	3,958	3,858	3,658	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Service charges and fees on deposit accounts
5,862	5,875	5,841	5,664	5,593	5,590	5,522	5,395	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Realized (gain) loss from sales of debt securities, available-for-sale
0	-	0	0	0	-	0	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net gains (losses) on sales of securities
-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Trust income
-	-	-	-	-	-	-	-	-	-	-	-	3,375	-	3,327	3,210	3,225	3,262	3,238	3,172	3,048	2,903	2,779	2,717	2,598	2,518	2,358	2,262	2,126	2,317	2,296	2,319	2,382	2,099	2,051	1,939	0	0	0
Service charges and fees on deposit accounts
-	-	-	-	-	-	-	-	-	-	-	-	5,037	-	4,977	5,015	5,006	4,920	4,874	4,805	4,823	4,838	4,660	4,477	4,298	4,155	4,021	3,870	3,706	3,605	3,627	3,673	3,716	3,739	3,819	3,867	0	0	0
Net gains on sales of securities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,120	813	755	495	388	485	264	149	400	361	469	1,060	1,720	2,089	2,060	1,853	1,142	988	1,033	948	740	518	0	0	0
Bank owned life insurance income
1,362	943	839	735	734	738	744	749	864	867	869	872	766	746	708	671	635	625	634	643	658	671	673	676	678	678	658	635	602	578	581	589	598	596	595	1,386	0	0	0
Gain (Loss) on Sales of Loans, Net
419	328	248	197	230	223	212	183	149	166	205	244	242	244	209	355	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gains from sales of loans
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	126	159	225	339	451	545	528	506	445	329	251	177	287	270	0	0	0
Other operating income
1,151	889	751	677	627	549	588	562	514	483	476	468	510	487	476	478	489	478	495	463	411	434	413	393	392	340	277	242	198	190	186	207	205	205	219	212	0	0	0
TOTAL NON-INTEREST INCOME
13,415	12,348	11,841	11,393	11,186	11,050	10,934	10,665	10,664	10,458	10,494	10,681	10,641	10,853	10,838	10,378	10,459	10,123	9,972	9,901	9,371	9,142	9,051	8,783	8,660	9,090	9,485	9,643	9,220	9,049	8,277	8,105	8,185	7,764	7,711	8,192	0	0	0
NON-INTEREST EXPENSE:
Salaries and employee benefits
25,926	25,320	24,296	23,579	22,464	21,279	20,469	19,461	19,036	18,585	18,385	18,349	18,178	18,215	18,319	18,017	17,866	17,593	16,877	16,559	16,134	15,762	15,600	14,825	14,111	13,487	12,393	12,205	11,926	11,614	11,757	11,681	11,673	11,743	11,851	11,639	0	0	0
Equipment expenses
1,230	1,209	1,207	1,161	1,151	1,138	1,133	1,218	1,214	1,172	1,117	1,035	1,010	1,048	1,110	1,155	1,218	1,257	1,254	1,267	1,310	1,316	1,300	1,281	1,234	1,232	1,219	1,164	1,130	1,100	1,082	1,107	1,083	1,038	967	899	0	0	0
Occupancy expense, net
2,880	2,961	3,000	2,983	2,897	2,861	2,843	2,794	2,772	2,613	2,453	2,318	2,270	2,271	2,265	2,285	2,281	2,307	2,275	2,246	2,176	2,232	2,219	2,183	2,187	2,042	1,958	1,898	1,770	1,671	1,698	1,696	1,713	1,761	1,761	1,759	0	0	0
State financial institutions tax
1,667	1,669	1,606	1,472	1,332	1,197	1,184	1,166	1,156	1,137	1,129	1,127	1,117	1,114	1,084	1,056	1,030	1,001	994	974	963	955	925	902	874	846	830	815	800	790	777	774	774	764	755	739	0	0	0
Marketing
1,194	1,319	1,330	1,302	1,289	1,119	1,030	930	862	873	807	687	672	696	691	705	724	720	721	757	734	703	656	589	549	561	563	547	559	526	519	535	476	480	488	469	0	0	0
Amortization of intangibles
1,046	1,043	1,043	1,066	994	922	848	751	751	751	751	751	751	753	754	754	741	700	660	621	594	574	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	0	0
FDIC insurance premiums (credit), net
0	-	0	-	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
FDIC premiums
-	-	-	459	-	-	-	409	418	423	372	432	486	547	661	629	612	598	600	647	662	660	616	561	520	499	482	437	422	405	280	292	376	545	832	966	0	0	0
Contracted services
1,803	1,865	1,848	1,780	1,696	1,547	1,418	1,338	1,322	1,255	1,230	1,146	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other real estate owned
-	-	68	68	-	20	6	8	7	10	230	583	0	-	0	0	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Merger-related expenses
47	114	278	597	1,432	2,123	2,077	1,731	876	118	0	0	0	-	-	-	-	643	675	630	178	1,400	1,473	1,469	1,670	1,433	0	0	0	-	-	-	-	-	-	-	-	-	-
Other non-interest expense
5,569	5,363	5,193	5,092	5,715	5,658	5,600	5,549	4,841	4,737	4,394	4,418	4,286	4,703	4,285	4,348	4,472	4,055	3,960	3,653	3,797	3,969	4,343	4,397	3,934	3,524	3,471	3,251	2,987	2,900	3,255	3,155	3,122	3,223	5,399	5,350	0	0	0
TOTAL NON-INTEREST EXPENSE
43,894	43,522	42,453	41,775	41,653	40,502	39,196	37,544	35,444	33,863	33,159	33,080	32,937	33,261	33,582	33,077	33,035	32,392	31,497	30,647	29,821	30,844	30,144	29,069	27,793	26,212	24,918	24,319	23,325	21,682	21,663	21,535	21,512	21,849	22,068	21,850	0	0	0
INCOME BEFORE INCOME TAXES
23,229	23,025	23,283	22,643	20,166	17,794	16,102	15,200	16,006	17,244	17,601	17,346	17,327	16,925	15,831	15,495	15,812	15,696	16,244	16,360	15,484	13,255	11,954	11,444	11,164	11,722	11,509	10,767	10,228	11,065	10,658	10,687	10,790	9,532	9,519	10,283	0	0	0
Income Tax Expense (Benefit)
3,918	4,113	4,008	3,894	3,407	2,949	2,833	3,026	3,567	4,272	4,592	4,547	4,563	4,443	4,119	4,046	4,208	4,222	4,437	4,468	4,104	3,386	2,955	2,806	2,789	2,942	2,917	2,685	2,507	2,795	2,593	2,602	2,669	2,210	2,201	2,147	0	0	0
NET INCOME FROM CONTINUING OPERATIONS
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	7,322	7,318	8,136	0	0	0
INCOME FROM DISCONTINUED OPERATIONS, NET OF TAX
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	793	832	899	0	0	0
Net Income (Loss) Attributable to Parent
19,311	18,912	19,275	18,749	16,759	14,845	13,269	12,174	12,439	12,972	13,009	12,799	12,764	12,482	11,712	11,449	11,604	11,474	11,807	11,892	11,380	9,869	8,999	8,638	8,375	8,780	8,592	8,082	7,721	8,270	8,065	8,085	8,090	8,115	8,150	9,035	0	0	0
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