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Acquisitions (Tables) | 3 Months Ended
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Mar. 31, 2019
Business Combinations [Abstract] |
Fair Values of Assets Acquired, Liabilities Assumed, and Consideration Paid | The merger with CFB was accounted for using the acquisition method of accounting and, accordingly, assets acquired, liabilities assumed, and consideration paid were recorded at their estimated fair values as of the merger date. The estimated fair values reported in LCNB's Form 10-Q for the quarterly period ended June 30, 2018 were preliminary, as the pricing study had not been finalized at that time. The following table summarizes the preliminary balances at June 30, 2018, revisions to the preliminary balances, and the balances at December 31, 2018 (in thousands):
| June 30, 2018 |  | Fair Value Adjustments |  | December 31, 2018
Consideration Paid: |  |  |  |  |
Common shares issued (3,253,060 shares issued at $19.55 per share) | $ | 63,598 |  |  | — |  |  | 63,598 |
Cash paid to cancel share based payment awards | 783 |  |  | — |  |  | 783 |
| 64,381 |  |  | — |  |  | 64,381 |
Identifiable Assets Acquired: |  |  |  |  |
Cash and cash equivalents | 13,679 |  |  | — |  |  | 13,679 |
Interest-bearing time deposits | 10,350 |  |  | — |  |  | 10,350 |
Federal Home Loan Bank stock | 1,207 |  |  | — |  |  | 1,207 |
Loans, net | 282,748 |  |  | (615 | ) |  | 282,133 |
Loans held for sale, net | 1,819 |  |  | — |  |  | 1,819 |
Premises and equipment | 102 |  |  | — |  |  | 102 |
Core deposit intangible | 2,089 |  |  | 88 |  |  | 2,177 |
Other real estate owned | 35 |  |  | — |  |  | 35 |
Deferred income taxes | — |  |  | 352 |  |  | 352 |
Other assets | 2,022 |  |  | (658 | ) |  | 1,364 |
Total identifiable assets acquired | 314,051 |  |  | (833 | ) |  | 313,218 |
Liabilities Assumed: |  |  |  |  |
Deposits | 245,036 |  |  | (606 | ) |  | 244,430 |
Short-term borrowings | 10,000 |  |  | — |  |  | 10,000 |
Long-term debt | 22,920 |  |  | 23 |  |  | 22,943 |
Deferred income taxes | 200 |  |  | (200 | ) |  | — |
Other liabilities | 491 |  |  | 11 |  |  | 502 |
Total liabilities assumed | 278,647 |  |  | (772 | ) |  | 277,875 |
Total Identifiable Net Assets Acquired | 35,404 |  |  | (61 | ) |  | 35,343 |
Goodwill resulting from merger | $ | 28,977 |  |  | 61 |  |  | 29,038 |

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- Definition Tabular disclosure of the amounts recognized as of the acquisition date for each major class of assets acquired and liabilities assumed. May include but not limited to the following: (a) acquired receivables; (b) contingencies recognized at the acquisition date; and (c) the fair value of noncontrolling interests in the acquiree. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=84161108&loc=d3e4845-128472 + Details
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