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PARENT COMPANY FINANCIAL INFORMATION | 12 Months Ended
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Dec. 31, 2014
Condensed Financial Information of Parent Company Only Disclosure [Abstract] |
PARENT COMPANY FINANCIAL INFORMATION | PARENT COMPANY FINANCIAL INFORMATION Condensed financial information for LCNB Corp., parent company only, follows (in thousands):
Condensed Balance Sheets: |  |  |
December 31, | 2014 |  | 2013
Assets: |  |  |
Cash on deposit with subsidiary | $ | 3,985 |  |  | 26,493 |
Investment securities available-for-sale, at fair value | 1,970 |  |  | 2,019 |
Investment in subsidiary | 119,350 |  |  | 90,437 |
Other assets | 419 |  |  | 33 |
Total assets | $ | 125,724 |  |  | 118,982 |
Liabilities | $ | 29 |  |  | 109 |
Shareholders' equity | 125,695 |  |  | 118,873 |
Total liabilities and shareholders' equity | $ | 125,724 |  |  | 118,982 |
Condensed Statements of Income |  |  |  |  |
Year ended December 31, | 2014 |  | 2013 |  | 2012
Income: |  |  |  |  |
Dividends from subsidiaries | $ | 8,800 |  |  | 10,525 |  |  | 3,800 |
Interest and dividends | 91 |  |  | 89 |  |  | 110 |
Net gain on sales of securities | 10 |  |  | 124 |  |  | 63 |
Total income | 8,901 |  |  | 10,738 |  |  | 3,973 |
Total expenses | 1,077 |  |  | 127 |  |  | 107 |
Income before income tax expense/benefit and equity in undistributed income of subsidiaries | 7,824 |  |  | 10,611 |  |  | 3,866 |
Income tax (expense) benefit | 350 |  |  | (12 | ) |  | (1 | )
Equity in undistributed income (loss) of subsidiaries | 1,695 |  |  | (1,819 | ) |  | 4,405 |
Net income | $ | 9,869 |  |  | 8,780 |  |  | 8,270 |
Condensed Statements of Cash Flows |  |  |  |  |
Year ended December 31, | 2014 |  | 2013 |  | 2012
Cash flows from operating activities: |  |  |  |  |
Net income | $ | 9,869 |  |  | 8,780 |  |  | 8,270 |
Adjustments for non-cash items - |  |  |  |  |  |  |  |
(Increase) decrease in undistributed income of subsidiaries | (1,695 | ) |  | 1,819 |  |  | (4,405 | )
Other, net | (474 | ) |  | 7 |  |  | (403 | )
Net cash flows from operating activities | 7,700 |  |  | 10,606 |  |  | 3,462 |
Cash flows from investing activities: |  |  |  |  |  |  |  |
Purchases of securities available-for-sale | (107 | ) |  | (563 | ) |  | (872 | )
Proceeds from sales of available-for-sale securities | 227 |  |  | 569 |  |  | 3,384 |
Cash paid for business acquisition | (24,750 | ) |  | (7,815 | ) |  | — |
Net cash flows from (used in) investing activities | (24,630 | ) |  | (7,809 | ) |  | 2,512 |
Cash flows from financing activities: |  |  |  |  |  |  |  |
Principal payments on long-term debt | — |  |  | (1,792 | ) |  | — |
Proceeds from issuance of common stock | 372 |  |  | 27,238 |  |  | 333 |
Cash dividends paid on common stock | (5,950 | ) |  | (5,148 | ) |  | (4,299 | )
Other | — |  |  | 70 |  |  | 28 |
Net cash flows from (used in) financing activities | (5,578 | ) |  | 20,368 |  |  | (3,938 | )
Net change in cash | (22,508 | ) |  | 23,165 |  |  | 2,036 |
Cash at beginning of year | 26,493 |  |  | 3,328 |  |  | 1,292 |
Cash at end of year | $ | 3,985 |  |  | 26,493 |  |  | 3,328 |

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- Definition The entire disclosure for condensed financial information, including the financial position, cash flows, and the results of operations of the registrant (parent company) as of the same dates or for the same periods for which audited consolidated financial statements are being presented. Alternatively, the details of this disclosure can be reported by the specific parent company taxonomy elements, indicating the appropriate date and period contexts in an instance document. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 06 -Article 9 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 3 -Subparagraph (SX 210.12-04) -URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e24072-122690 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 810 -SubTopic 10 -Section 45 -Paragraph 11 -URI http://asc.fasb.org/extlink&oid=7656940&loc=d3e5283-111683 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 04 -Article 12 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 04 -Paragraph c -Article 5 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 05 -Paragraph c -Article 7 + Details
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