XML 40 R30.htm IDEA: XBRL DOCUMENT
v3.19.1

Investment Securities (Tables) | 3 Months Ended
--- | ---
Mar. 31, 2019
Investments, Debt and Equity Securities [Abstract] |
Realized Gain (Loss) on Investments [Table Text Block] | Certain information concerning the sale of debt securities, available-for-sale for the three months ended March 31, 2019 and 2018 was as follows (in thousands):
|  | Three Months Ended March 31,
|  | 2019 |  | 2018
Proceeds from sales |  | 21,806 |  |  | — |
Gross realized gains |  | 58 |  |  | — |
Gross realized losses |  | 76 |  |  | — |
Amortized Cost and Fair Value of Available-for-Sale Investment Securities | The amortized cost and estimated fair value of equity and debt securities at March 31, 2019 and December 31, 2018 are summarized as follows (in thousands):
| Amortized Cost |  | Unrealized Gains |  | Unrealized Losses |  | Fair Value
March 31, 2019 |  |  |  |  |  |  |
Debt Securities, Available-for-Sale: |  |  |  |  |  |  |
U.S. Treasury notes | $ | 2,276 |  |  | — |  |  | 19 |  |  | 2,257 |
U.S. Agency notes | 75,681 |  |  | — |  |  | 1,231 |  |  | 74,450 |
U.S. Agency mortgage-backed securities | 55,718 |  |  | 9 |  |  | 1,161 |  |  | 54,566 |
Municipal securities: |  |  |  |  |  |  |  |  |  |  |
Non-taxable | 70,068 |  |  | 163 |  |  | 516 |  |  | 69,715 |
Taxable | 16,635 |  |  | 133 |  |  | 88 |  |  | 16,680 |
| $ | 220,378 |  |  | 305 |  |  | 3,015 |  |  | 217,668 |
Debt Securities, Held-to-Maturity: |  |  |  |  |  |  |
Municipal securities: |  |  |  |  |  |  |
Non-taxable | $ | 25,915 |  |  | 68 |  |  | 187 |  |  | 25,796 |
Taxable | 6,448 |  |  | 36 |  |  | 53 |  |  | 6,431 |
| $ | 32,363 |  |  | 104 |  |  | 240 |  |  | 32,227 |
December 31, 2018 |  |  |  |  |  |  |
Debt Securities, Available-for-Sale: |  |  |  |  |  |  |
U.S. Treasury notes | $ | 2,278 |  |  | — |  |  | 43 |  |  | 2,235 |
U.S. Agency notes | 80,708 |  |  | — |  |  | 2,368 |  |  | 78,340 |
U.S. Agency mortgage-backed securities | 57,584 |  |  | 7 |  |  | 1,981 |  |  | 55,610 |
Municipal securities: |  |  |  |  |  |  |  |  |  |  |
Non-taxable | 86,059 |  |  | 77 |  |  | 1,422 |  |  | 84,714 |
Taxable | 17,654 |  |  | 102 |  |  | 234 |  |  | 17,522 |
| $ | 244,283 |  |  | 186 |  |  | 6,048 |  |  | 238,421 |
Debt Securities, Held-to-Maturity: |  |  |  |  |  |  |
Municipal securities: |  |  |  |  |  |  |
Non-taxable | $ | 26,021 |  |  | 84 |  |  | 635 |  |  | 25,470 |
Taxable | 3,700 |  |  | — |  |  | 146 |  |  | 3,554 |
| $ | 29,721 |  |  | 84 |  |  | 781 |  |  | 29,024 |
Securities in a Continuous Loss Position | Information concerning debt securities with gross unrealized losses at March 31, 2019 and December 31, 2018, aggregated by length of time that individual securities have been in a continuous loss position, is as follows (dollars in thousands):
| Less than Twelve Months |  | Twelve Months or Greater
| Fair Value |  | Unrealized Losses |  | Fair Value |  | Unrealized Losses
March 31, 2019 |  |  |  |  |  |  |
Available-for-Sale: |  |  |  |  |  |  |
U.S. Treasury notes | $ | — |  |  | — |  |  | 2,257 |  |  | 19 |
U.S. Agency notes | — |  |  | — |  |  | 74,450 |  |  | 1,231 |
U.S. Agency mortgage-backed securities | 111 |  |  | — |  |  | 54,245 |  |  | 1,161 |
Municipal securities: |  |  |  |  |  |  |  |  |
Non-taxable | 619 |  |  | 1 |  |  | 43,862 |  |  | 515 |
Taxable | — |  |  | — |  |  | 13,001 |  |  | 88 |
| $ | 730 |  |  | 1 |  |  | 187,815 |  |  | 3,014 |
Held-to-Maturity: |  |  |  |  |  |  |
Municipal securities: |  |  |  |  |  |  |
Non-taxable | $ | — |  |  | — |  |  | 18,537 |  |  | 187 |
Taxable | — |  |  | — |  |  | 3,247 |  |  | 53 |
| $ | — |  |  | — |  |  | 21,784 |  |  | 240 |
December 31, 2018 |  |  |  |  |  |  |
Available-for-Sale: |  |  |  |  |  |  |
U.S. Treasury notes | $ | — |  |  | — |  |  | 2,235 |  |  | 43 |
U.S. Agency notes | 4,988 |  |  | 7 |  |  | 73,351 |  |  | 2,361 |
U.S. Agency mortgage-backed securities | 137 |  |  | — |  |  | 55,217 |  |  | 1,981 |
Municipal securities: |  |  |  |  |  |  |  |  |  |
Non-taxable | 14,264 |  |  | 49 |  |  | 58,211 |  |  | 1,373 |
Taxable | — |  |  | — |  |  | 14,407 |  |  | 234 |
| $ | 19,389 |  |  | 56 |  |  | 203,421 |  |  | 5,992 |
Held-to-Maturity: |  |  |  |  |  |  |
Municipal securities: |  |  |  |  |  |  |
Non-taxable | $ | 366 |  |  | 1 |  |  | 18,588 |  |  | 634 |
Taxable | 400 |  |  | 1 |  |  | 3,154 |  |  | 145 |
| $ | 766 |  |  | 2 |  |  | 21,742 |  |  | 779 |
Investments Classified by Contractual Maturity Date | Contractual maturities of debt securities at March 31, 2019 were as follows (in thousands). Actual maturities may differ from contractual maturities when issuers have the right to call or prepay obligations.
| Available-for-Sale |  | Held-to-Maturity
| Amortized Cost |  | Fair Value |  | Amortized Cost |  | Fair Value
Due within one year | $ | 15,455 |  |  | 15,425 |  |  | 2,800 |  |  | 2,799 |
Due from one to five years | 98,030 |  |  | 97,128 |  |  | 6,274 |  |  | 6,270 |
Due from five to ten years | 49,458 |  |  | 48,863 |  |  | 7,982 |  |  | 7,946 |
Due after ten years | 1,717 |  |  | 1,686 |  |  | 15,307 |  |  | 15,212 |
| 164,660 |  |  | 163,102 |  |  | 32,363 |  |  | 32,227 |
U.S. Agency mortgage-backed securities | 55,718 |  |  | 54,566 |  |  | — |  |  | — |
| $ | 220,378 |  |  | 217,668 |  |  | 32,363 |  |  | 32,227 |
Schedule of Debt Securities, Trading, and Equity Securities, FV-NI | The amortized cost and estimated fair value of equity securities with a readily determinable fair value at March 31, 2019 and December 31, 2018 are summarized as follows (in thousands):
| March 31, 2019 |  | December 31, 2018
| Amortized Cost |  | Fair Value |  | Amortized Cost |  | Fair Value
Mutual funds | $ | 1,349 |  |  | 1,299 |  |  | 1,651 |  |  | 1,559 |
Equity securities | 780 |  |  | 886 |  |  | 471 |  |  | 519 |
Total equity securities with a readily determinable fair value | $ | 2,129 |  |  | 2,185 |  |  | 2,122 |  |  | 2,078 |
Schedule of Equity Securities, Changes in Fair Value | quity securities with a readily determinable fair value are carried at fair value, with changes in fair value recognized in other operating income in the consolidated condensed statements of income. Equity securities without a readily determinable fair value are measured at cost minus impairment, if any, plus or minus any changes resulting from observable price changes in orderly transactions, as defined, for identical or similar investments of the same issuer. LCNB was not aware of any impairment or observable price change adjustments that needed to be made at March 31, 2019 on its investments in equity securities without a readily determinable fair value. The amortized cost and estimated fair value of equity securities with a readily determinable fair value at March 31, 2019 and December 31, 2018 are summarized as follows (in thousands):
| March 31, 2019 |  | December 31, 2018
| Amortized Cost |  | Fair Value |  | Amortized Cost |  | Fair Value
Mutual funds | $ | 1,349 |  |  | 1,299 |  |  | 1,651 |  |  | 1,559 |
Equity securities | 780 |  |  | 886 |  |  | 471 |  |  | 519 |
Total equity securities with a readily determinable fair value | $ | 2,129 |  |  | 2,185 |  |  | 2,122 |  |  | 2,078 |
Certain information concerning changes in fair value of equity securities with a readily determinable fair value for the three months ended March 31, 2019 was as follows (in thousands):
|  | Three Months Ended March 31,
|  | 2019 |  | 2018
Net gains (losses) recognized |  | $ | 93 |  |  | (23 | )
Less net realized gains (losses) on equity securities sold |  | (6 | ) |  | 23 |
Unrealized gains (losses) recognized and still held at period end |  | $ | 99 |  |  | (46 | )

X
- Definition Equity Securities, Changes in Fair Value [Table Text Block] + References No definition available. + Details
Name: | lcnb_EquitySecuritiesChangesinFairValueTableTextBlock
Namespace Prefix: | lcnb_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of maturities of an entity's investments as well as any other information pertinent to the investments. + References No definition available. + Details
Name: | us-gaap_InvestmentsClassifiedByContractualMaturityDateTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_InvestmentsDebtAndEquitySecuritiesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of realized gains and losses on investments reported in the statement of income. + References No definition available. + Details
Name: | us-gaap_RealizedGainLossOnInvestmentsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition For all investments in an unrealized loss position, including those for which other-than-temporary impairments have not been recognized in earnings (including investments for which a portion of an other-than-temporary impairment has been recognized in other comprehensive income), a tabular disclosure of the aggregate related fair value of investments with unrealized losses and the aggregate amount of unrealized losses (that is, the amount by which amortized cost basis exceeds fair value). + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 320 -SubTopic 10 -Section 50 -Paragraph 6 -URI http://asc.fasb.org/extlink&oid=82897076&loc=d3e27290-111563 + Details
Name: | us-gaap_ScheduleOfUnrealizedLossOnInvestmentsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of investment in debt security measured at fair value with change in fair value recognized in net income (trading) and investment in equity security measured at fair value with change in fair value recognized in net income (FV-NI). + References No definition available. + Details
Name: | us-gaap_TradingSecuritiesAndCertainTradingAssetsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of unrealized gains and losses on investments. + References No definition available. + Details
Name: | us-gaap_UnrealizedGainLossOnInvestmentsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration