EX-99 3 lcnbexh992041913.htm EXHIBIT 99.2 Converted by EDGARwiz



EXHIBIT 99.2

LCNB Corp. and Subsidiaries

Financial Highlights

 (Dollars in thousands, except per share amounts)



Condensed Income Statement


Three Months Ended

March 31,



2013


2012

Interest income

$

8,076


7,731

Interest expense


1,098


1,322

  Net interest income


6,978


6,409

Provision for loan losses


149


215

  Net interest income after provision


6,829


6,194

Non-interest income


2,507


2,336

Non-interest expense


7,091


5,448

  Income before income taxes


2,245


3,082

Provision for income taxes


517


805

  Net income

$

1,728


2,277






Dividends per common share

$

0.16


0.16






Earnings per common share:





  Basic

$

0.23


0.34

  Diluted


0.23


0.34






Average shares outstanding:





  Basic


7,513,101


6,706,295

  Diluted


7,610,626


6,773,451






Selected Financial Ratios





Return on average assets


0.76%


1.15%

Return on average equity


7.51%


11.56%

Dividend payout ratio


69.57%


47.06%

Net interest margin (tax equivalent)


3.53%


3.69%



Selected Balance Sheet Items


March 31,

2013


December 31,

2012

Investment securities

$

304,350


 276,970






Loans


549,667


453,783

  Less allowance for loan losses


3,404


3,437

  Net loans


546,263


450,346






Total assets


946,404


788,637

Total deposits


820,870


671,471

Short-term borrowings


11,609


13,756

Long-term debt


13,128


13,705

Total shareholders equity


94,204


82,006






Shares outstanding at period end


7,625,760


6,731,900






Book value per share

$

12.35


12.18

Tangible book value per share


10.14


11.29

Equity to assets ratio


9.95%


10.40%






Assets Under Management





LCNB Corp. total assets

$

946,404


788,637

Trust and investments (fair value)


244,198


221,558

Loans serviced


87,710


71,568

Business cash management


6,473


6,673

Brokerage accounts (fair value)


102,428


96,424

Total assets managed

$

1,387,213


1,184,860