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Income Taxes (Tables)

6 Months Ended

Jun. 30, 2024

Income Tax Disclosure [Abstract]

Reconciliation between Statutory Income Tax and Effective Tax Rate

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

			Three Months Ended June 30,												Six Months Ended June 30,
			2024						2023						2024						2023
Statutory tax rate			21.0		%				21.0		%				21.0		%				21.0		%
Increase (decrease) resulting from:
Tax exempt interest			(2.8)		%				(0.6)		%				(1.7)		%				(0.6)		%
Tax exempt income on bank-owned life insurance			(7.6)		%				(1.0)		%				(4.4)		%				(1.1)		%
Captive insurance premium income			(6.6)		%				(0.8)		%				(4.3)		%				(0.9)		%
Affordable housing tax credit limited partnerships			(8.2)		%				(1.3)		%				(4.7)		%				(1.4)		%
Nondeductible merger-related expenses			5.4		%				—		%				3.9		%				—		%
Other, net			0.8		%				0.6		%				0.6		%				0.8		%
Effective tax rate			2.0		%				17.9		%				10.4		%				17.8		%

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- References

No definition available.

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- Definition

Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations.

+ References

Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 231
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482663/740-10-55-231

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12A
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-12A

Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-12

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