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Earnings Per Common Share
 6 Months Ended
Jun. 30, 2024
Earnings Per Share [Abstract]  
Earnings Per Common Share EARNINGS PER COMMON SHARE
 
LCNB has granted restricted stock awards with non-forfeitable dividend rights, which are considered participating securities. Accordingly, earnings per share is computed using the two-class method as required by ASC No. 260-10-45. Basic earnings per common share is calculated by dividing net income allocated to common shareholders by the weighted average number of common shares outstanding during the period, which excludes the participating securities.  Diluted earnings per common share is adjusted for the dilutive effects of stock options, warrants, and restricted stock.  The diluted average number of common shares outstanding has been increased for the assumed exercise of stock options and warrants with proceeds used to purchase treasury shares at the average market price for the period.  

Earnings per share for the three and six months ended June 30, 2024 and 2023 were calculated as follows (dollars in thousands, except share and per share data):
Three Months Ended
June 30,		Six Months Ended 
June 30,
 2024202320242023
Net income$925 4,694 2,840 8,851 
Less allocation of earnings and dividends to participating securities6 33 18 63 
Net income allocated to common shareholders$919 4,661 2,822 8,788 
Weighted average common shares outstanding, gross14,117,857 11,135,325 13,695,447 11,202,300 
Less average participating securities84,593 79,017 84,593 79,929 
Adjusted weighted average number of shares outstanding used in the calculation of basic and diluted earnings per common share14,033,264 11,056,308 13,610,854 11,122,371 
Earnings per common share:    
Basic$0.07 0.42 0.21 0.79 
Diluted0.07 0.42 0.21 0.79