LCNB Corporation

LCNB Corp. (LCNB), incorporated on December 22, 1998, is a financial holding company. The Company’s subsidiary includes LCNB National Bank (the Bank). The Bank offers commercial and personal banking services. It provides a range of banking services, including trust and brokerage services, to customers primarily in Southwestern and South Central Ohio. Its services include safe deposit boxes, night depositories, cashier’s checks, bank-by-mail, automated teller machines (ATMs), cash and transaction services, debit cards, wire transfers, electronic funds transfer, utility bill collections, notary public service, personal computer (PC) -based cash management services, telephone banking, personal computer Internet banking, mobile banking and other services for both individuals and businesses. Commercial customers also have both cash management and remote deposit capture products. LCNB has approximately 40 offices located in Warren, Butler, Clinton, Clermont, Hamilton, Preble, Fayette, Ross, and Montgomery Counties in Southern Ohio. In addition, the Bank operates approximately 40 ATMs. Lending Activities The Bank’s loan products include commercial and industrial loans, commercial and residential real estate loans, agricultural loans, construction loans, various types of consumer loans and small business administration loans. The Bank’s residential mortgage lending activities consist of loans for purchasing or refinancing personal residences, home equity lines of credit, and loans for commercial or consumer purposes secured by residential mortgages. Its fixed-rate residential real estate loans are sold to the Federal Home Loan Mortgage Corporation with servicing retained. Consumer lending activities include automobile, boat, home improvement and personal loans. The Bank also offers indirect financing through various automotive, boat, and lawn and garden dealers. The Bank’s has net loans of approximately $767.8 million. Investment Activities The Bank’s investment portfolio includes securities available-for-sale, such as the United States Treasury notes, the United States Agency notes, the United States Agency mortgage-backed securities, Certificates of deposit, Municipal securities, Mutual funds, Trust preferred securities and Equity securities. Its held-to-maturity securities’ include Municipal securities. The Bank’s investment portfolio also includes Federal Reserve Bank stock and Federal Home Loan Bank stock. The Company’s total available-for-sale securities are approximately $377.9 million and total securities held-to-maturity are approximately $22.6 million. Sources of Funds The Bank’s Deposit services include checking accounts, negotiable order of withdrawal (NOW) accounts, savings accounts, Christmas and vacation club accounts, money market deposit accounts, lifetime checking accounts (a senior citizen program), individual retirement accounts and certificates of deposit. Deposits of the Bank are insured up to statutory limits by the Federal Deposit Insurance Corporation (FDIC). The Bank has total deposits of approximately $1,087.1 million. The Company competes with the U.S. Bank, PNC Bank, Fifth Third Bank, Chase, KeyBank, Park National Bank, Huntington National Bank and First Financial Bank.

Stock ExchangeCEL
CountryUnited Kingdom
World RegionEurope
CEOMr. David Stevens CBE
Registered Year1993

2017 2016 2015
  € m € m € m
Total interest income 44 44 43
Total Interest Expenses 4 4 3
Net Interest income 41 40 39
Total Net Revenue 51 51 49
Earnings per share
Basic 1.3 1.26 1.18
Diluted 1.29 1.25 1.17
Total current assets
Other assets 38,273 38,665 33,075
Total assets 12,95,638 13,06,799 12,80,531
Total current liabilities
Total liabilities 11,45,367 11,63,855 11,40,423
Total Equity 1,50,271 1,42,944 1,40,108
Net income
Net cash provided by operating activities 18 15 13
Net cash used for investment activities 15 28 66
Net cash provided by financing activities 26 16 51
Currency in EUR, All numbers in million.

United States