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Income Taxes

3 Months Ended

Mar. 31, 2022

Income Tax Disclosure [Abstract]

Income Taxes

Income Taxes

A reconciliation between the statutory income tax and LCNB's effective tax rate on income from continuing operations follows:

									Three Months Ended March 31,
															2022						2021
Statutory tax rate															21.0		%				21.0		%
Increase (decrease) resulting from:
Tax exempt interest															(0.7)		%				(0.7)		%
Tax exempt income on bank owned life insurance															(1.0)		%				(0.9)		%
Captive insurance premium income															(0.9)		%				(0.7)		%
Other, net															(1.0)		%				(0.6)		%
Effective tax rate															17.4		%				18.1		%

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- References

No definition available.

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- Definition

The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 21
-URI http://asc.fasb.org/extlink&oid=121826272&loc=d3e32857-109319

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
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-Section S99
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-Subparagraph (SAB Topic 11.C)
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-Publisher FASB
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-Section 50
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-URI http://asc.fasb.org/extlink&oid=121826272&loc=d3e32705-109319

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-Name Accounting Standards Codification
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-URI http://asc.fasb.org/extlink&oid=6424409&loc=d3e44925-109338

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-Publisher FASB
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-Publisher FASB
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