XML 24 R14.htm IDEA: XBRL DOCUMENT
v3.24.3

Note 5 - Purchased Credit Deteriorated Loans | 9 Months Ended
--- | ---
Sep. 30, 2024
Notes to Financial Statements |
Accounting for Certain Loans and Debt Securities Acquired in Transfer [Text Block] | NOTE 5 - PURCHASED CREDIT DETERIORATED LOANS LCNB acquired loans through the merger with EFBI for which there was, at acquisition, evidence of more than insignificant deterioration of credit quality since origination. The carrying amount of these loans at acquisition on April 12, 2024 is as follows (in thousands):
Purchase price of loans at acquisition |  |  | 2,811 |
Allowance for credit losses at acquisition |  |  | 189 |
Non-credit discount (premium) at acquisition |  |  | 253 |
Par value of acquired loans at acquisition |  | $ | 3,253 |
The following table provides, as of September 30, 2024, the major classifications of purchased credit deteriorated loans acquired from EFBI (in thousands):
Commercial & industrial |  | $ | 182 |
Commercial, secured by real estate |  |  | 373 |
Residential real estate |  |  | 2,379 |
Total |  | $ | 2,934 |
The following table provides the outstanding balance and related carrying amount for purchased credit deteriorated loans acquired from EFBI as of September 30, 2024 (in thousands):
Outstanding balance |  | $ | 3,185 |
Carrying amount |  |  | 2,934 |
Activity during 2024 for the accretable discount related to purchased credit deteriorated loans acquired from EFBI and CNNB is as follows (in thousands):
|  | Three Months Ended September 30, |  |  | Nine Months Ended September 30, |
|  | 2024 |  |  | 2023 |  |  | 2024 |  |  | 2023 |
Accretable discount, beginning of period |  | $ | 1,159 |  |  |  | — |  |  |  | 1,467 |  |  |  | — |
Accretable discount acquired during period from merger with EFBI |  |  | — |  |  |  | — |  |  |  | 253 |  |  |  | — |
Less loans transferred to held-for-sale |  |  | — |  |  |  | — |  |  |  | 396 |  |  |  | — |
Less accretion |  |  | 17 |  |  |  | — |  |  |  | 182 |  |  |  | — |
Accretable discount, end of period |  | $ | 1,142 |  |  |  | — |  |  |  | 1,142 |  |  |  | — |

X
- Definition The disclosure representing the certain contractual rights to receive money on demand or on fixed or determinable dates with evidence of deterioration of credit quality since origination that were acquired by completion of a transfer for which it is probable, at acquisition, that the investor will be unable to collect all contractually required payments receivable. + References No definition available. + Details
Name: | lcnb_AccountingForCertainLoansAndDebtSecuritiesAcquiredInTransferTextBlock
Namespace Prefix: | lcnb_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

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