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LEASES | 12 Months Ended
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Dec. 31, 2022
Leases [Abstract] |
Lessee, Operating Leases | LEASES LCNB has capitalized operating leases for its Union Village, Fairfield, Barron Street, and Worthington offices, for the land at its Oxford and Oakwood offices, for certain office equipment, and for its ATMs. The Oakwood lease has a remaining term of fifteen years with options to renew for six additional periods of five years each. The Oxford lease has a remaining term of thirty-eight years with no renewal options. The other leases have remaining terms of less than one year up to nine years, some of which contain options to renew the leases for additional five-year periods. Lease expenses for offices are included in the Consolidated Statements of Income in occupancy expense, net and lease expenses for equipment and ATMs are included in equipment expenses. Components of lease expense for the years ended December 31 are as follows (in thousands):
| 2022 |  | 2021
Operating lease expense | $ | 616 |  |  | 840 |
Short-term lease expense | 243 |  |  | 48 |
Variable lease expense | 4 |  |  | 4 |
Other | 11 |  |  | 10 |
Total lease expense | $ | 874 |  |  | 902 |
Other information related to leases at December 31, 2022 is as follows (dollars in thousands):
Cash paid for amounts included in the measurement of lease liabilities: |
Operating cash flows from operating leases | $ | 623 |
Right-of-use assets obtained in exchange for new operating lease liabilities | $ | 370 |
Weighted average remaining lease term in years for operating leases | 33.4
Weighted average discount rate for operating leases | 3.46 | %
Future payments due under operating leases as of December 31, 2022 are as follows (in thousands):
2023 | $ | 665 |
2024 | 675 |
2025 | 471 |
2026 | 333 |
2027 | 311 |
Thereafter | 9,966 |
| 12,421 |
Less effects of discounting | 6,051 |
Operating lease liabilities recognized | $ | 6,370 |
Rental expense for all leased branches and equipment was approximately $874,000 in 2022, $902,000 in 2021, and $731,000 in 2020.

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- Definition The entire disclosure for operating leases of lessee. Includes, but is not limited to, description of operating lease and maturity analysis of operating lease liability. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -URI https://asc.fasb.org/subtopic&trid=77888251 + Details
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