XML 42 R29.htm IDEA: XBRL DOCUMENT
v3.22.4

PARENT COMPANY FINANCIAL INFORMATION | 12 Months Ended
--- | ---
Dec. 31, 2022
Condensed Financial Information Disclosure [Abstract] |
PARENT COMPANY FINANCIAL INFORMATION | PARENT COMPANY FINANCIAL INFORMATION Condensed financial information for LCNB Corp., at the parent company level only, follows (in thousands):
Condensed Balance Sheets: |  |  |
December 31, | 2022 |  | 2021
Assets: |  |  |
Cash on deposit with subsidiary | $ | 916 |  |  | 657 |
Cash on deposit with unrelated depository institution | 620 |  |  | 451 |
Equity securities, at fair value | 1,024 |  |  | 1,156 |
Investment in subsidiaries | 215,222 |  |  | 236,401 |
Other assets | 59 |  |  | 180 |
Total assets | $ | 217,841 |  |  | 238,845 |
Liabilities: |  |  |
Short-term borrowings | $ | 3,000 |  |  | — |
Long-term debt | 14,072 |  |  | — |
Other liabilities | 94 |  |  | 241 |
Total liabilities | 17,166 |  |  | 241 |
Shareholders' equity | 200,675 |  |  | 238,604 |
Total liabilities and shareholders' equity | $ | 217,841 |  |  | 238,845 |
Condensed Statements of Income |  |  |  |  |
Year ended December 31, | 2022 |  | 2021 |  | 2020
Income: |  |  |  |  |
Dividends from subsidiaries | $ | 17,850 |  |  | 15,820 |  |  | 12,070 |
Interest and dividends | 35 |  |  | 34 |  |  | 29 |
Other income (loss), net | (123) |  |  | 155 |  |  | 147 |
Total income | 17,762 |  |  | 16,009 |  |  | 12,246 |
Total expenses | 3,305 |  |  | 1,764 |  |  | 1,326 |
Income before income tax benefit and equity in undistributed income of subsidiaries | 14,457 |  |  | 14,245 |  |  | 10,920 |
Income tax benefit | (705) |  |  | (333) |  |  | (404) |
Equity in undistributed income of subsidiaries | 6,966 |  |  | 6,396 |  |  | 8,751 |
Net income | $ | 22,128 |  |  | 20,974 |  |  | 20,075 |
Condensed Statements of Cash Flows |  |  |  |  |
Year ended December 31, | 2022 |  | 2021 |  | 2020
Cash flows from operating activities: |  |  |  |  |
Net income | $ | 22,128 |  |  | 20,974 |  |  | 20,075 |
Adjustments for non-cash items - |  |  |  |  |
Increase in undistributed income of subsidiaries | (6,966) |  |  | (6,396) |  |  | (8,751) |
Other, net | 636 |  |  | 299 |  |  | (88) |
Net cash flows provided by operating activities | 15,798 |  |  | 14,877 |  |  | 11,236 |
Cash flows from investing activities: |  |  |  |  |
Purchases of equity securities | — |  |  | — |  |  | (346) |
Proceeds from sales of equity securities | — |  |  | — |  |  | 463 |
Net cash flows provided by (used in) investing activities | — |  |  | — |  |  | 117 |
Cash flows from financing activities: |  |  |  |  |
Net increase in short-term borrowings | 3,000 |  |  | — |  |  | — |
Proceeds from long-term debt | 15,000 |  |  | — |  |  | — |
Principal payments on long-term debt | (928) |  |  | — |  |  | — |
Proceeds from issuance of common stock | 409 |  |  | 434 |  |  | 401 |
Payments to repurchase common stock | (23,660) |  |  | (8,310) |  |  | (1,872) |
Cash dividends paid on common stock | (9,191) |  |  | (9,720) |  |  | (9,448) |
Other | — |  |  | 4 |  |  | 114 |
Net cash flows used in financing activities | (15,370) |  |  | (17,592) |  |  | (10,805) |
Net change in cash | 428 |  |  | (2,715) |  |  | 548 |
Cash at beginning of year | 1,108 |  |  | 3,823 |  |  | 3,275 |
Cash at end of year | $ | 1,536 |  |  | 1,108 |  |  | 3,823 |

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

X
- 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/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 10 -Section S99 -Paragraph 6 -Subparagraph (SX 210.5-04(Schedule I)) -URI https://asc.fasb.org/extlink&oid=126898705&loc=d3e5864-122674 Reference 2: http://www.xbrl.org/2003/role/recommendedDisclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 810 -SubTopic 10 -Section 45 -Paragraph 11 -URI https://asc.fasb.org/extlink&oid=126929396&loc=d3e5283-111683 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 3 -Subparagraph (SX 210.12-04(a)) -URI https://asc.fasb.org/extlink&oid=120395691&loc=d3e24072-122690 + Details
Name: | us-gaap_CondensedFinancialInformationOfParentCompanyOnlyDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration