EX-99 3 ex992.htm EXHIBIT 99.2 .

Exhibit 99.2


LCNB Corp. and Subsidiaries

Financial Highlights

(Dollars in thousands, except per share amounts)




Condensed Income Statement

 

Three Months Ended

March 31,

 
  

2009

 

2008

 

Interest income

$

8,607

 

8,615

 

Interest expense

 

2,728

 

3,631

 

  Net interest income

 

5,879

 

4,984

 

Provision for loan losses

 

98

 

83

 

  Net interest income after provision

 

5,781

 

4,901

 

Non-interest income

 

2,130

 

2,063

 

Non-interest expense

 

5,917

 

5,045

 

  Income before income taxes

 

1,994

 

1,919

 

Provision for income taxes

 

431

 

475

 

  Net income

$

1,563

 

1,444

 
      

Dividends per common share

$

0.16

 

0.16

 

Basic earnings per common share

$

0.22

 

0.22

 

Diluted earnings per common share

$

0.22

 

0.22

 

Average basic shares outstanding

 

6,687,232

 

6,687,232

 

Average diluted shares outstanding

 

6,687,232

 

6,687,232

 
      

Selected Financial Ratios

     

Return on average assets

 

0.92%

 

0.96%

 

Return on average equity

 

8.47%

 

10.04%

 

Dividend payout ratio

 

72.73%

 

72.73%

 

Net interest margin (tax equivalent)

 

3.93%

 

3.78%

 



Selected Balance Sheet Items

 

March 31,

2009

 

December 31,

2008

Investment securities

$

179,600

 

    139,272

     

Loans

 

446,205

 

453,811

  Less allowance for loan losses

 

2,468

 

2,468

  Net loans

 

443,737

 

451,343

     

Total assets

 

689,462

 

649,731

Total deposits

 

590,269

 

577,622

Short-term borrowings

 

763

 

 2,206

Long-term debt

 

20,000

 

5,000

Total shareholders’ equity

 

74,884

 

58,116

     

Shares outstanding at period end

 

6,687,232

 

6,687,232

     

Book value per share

$

9.19

 

8.69

Equity to assets ratio

 

10.86%

 

8.94%

     

Assets Under Management

    

LCNB Corp. total assets

$

689,462

 

649,731

Trust and investments (fair value)

 

166,856

 

174,775

Loans serviced

 

45,563

 

37,783

Business cash management

 

33,182

 

39,979

Brokerage accounts (fair value)

 

53,186

 

53,633

Total assets managed

$

988,249

 

955,901