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Note 10 - Income Taxes | 9 Months Ended
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Sep. 30, 2024
Notes to Financial Statements |
Income Tax Disclosure [Text Block] | NOTE 10 – INCOME TAXES A reconciliation between the statutory income tax and LCNB's effective tax rate on income from continuing operations follows:
|  | Three Months Ended September 30, |  |  | Nine Months Ended September 30, |
|  | 2024 |  |  | 2023 |  |  | 2024 |  |  | 2023 |
Statutory tax rate |  |  | 21.0 | % |  |  | 21.0 | % |  |  | 21.0 | % |  |  | 21.0 | %
Increase (decrease) resulting from: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Tax exempt interest |  |  | (0.6 | )% |  |  | (0.7 | )% |  |  | (1.0 | )% |  |  | (0.6 | )%
Tax exempt income on bank-owned life insurance |  |  | (2.6 | )% |  |  | (1.2 | )% |  |  | (3.2 | )% |  |  | (1.1 | )%
Captive insurance premium income |  |  | (1.4 | )% |  |  | (0.5 | )% |  |  | (2.5 | )% |  |  | (0.7 | )%
Affordable housing tax credit limited partnerships |  |  | (1.8 | )% |  |  | (1.5 | )% |  |  | (2.9 | )% |  |  | (1.4 | )%
Nondeductible merger-related expenses |  |  | 0.2 | % |  |  | 1.7 | % |  |  | 1.6 | % |  |  | 0.7 | %
Other, net |  |  | 0.2 | % |  |  | 0.1 | % |  |  | 0.3 | % |  |  | 0.3 | %
Effective tax rate |  |  | 15.0 | % |  |  | 18.9 | % |  |  | 13.3 | % |  |  | 18.2 | %

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