EX-99 3 ex992.htm EXHIBIT 99.2 Converted by EDGARwiz

Exhibit 99.2


LCNB Corp. and Subsidiaries

Financial Highlights

(Dollars in thousands, except per share amounts)



Condensed Income Statement

 

Three Months Ended March 31,

 
  

2010

 

2009

 

Interest income

$

8,593

 

8,607

 

Interest expense

 

2,162

 

2,728

 

  Net interest income

 

6,431

 

5,879

 

Provision for loan losses

 

208

 

98

 

  Net interest income after provision

 

6,223

 

5,781

 

Non-interest income

 

2,183

 

2,130

 

Non-interest expense

 

5,520

 

5,917

 

  Income before income taxes

 

2,886

 

1,994

 

Provision for income taxes

 

674

 

431

 

  Net income

$

2,212

 

1,563

 

Preferred stock dividends and discount accretion

 

-

 

102

 

  Net income available to common shareholders

$

2,212

 

1,461

 
      

Dividends per common share

$

0.16

 

0.16

 

Basic earnings per common share

$

0.33

 

0.22

 

Diluted earnings per common share

$

0.33

 

0.22

 

Average basic shares outstanding

 

6,687,232

 

6,687,232

 

Average diluted shares outstanding

 

6,728,730

 

6,687,232

 
      

Selected Financial Ratios

     

Return on average assets

 

1.21%

 

0.92%

 

Return on average equity

 

13.37%

 

8.47%

 

Dividend payout ratio

 

48.48%

 

72.73%

 

Net interest margin (tax equivalent)

 

4.11%

 

3.93%

 



Selected Balance Sheet Items

 

March 31,

2010

 

December 31,

2009

 

Investment securities

$

201,864

 

217,639

 
      

Loans

 

459,829

 

460,416

 

  Less allowance for loan losses

 

3,060

 

2,998

 

  Net loans

 

456,769

 

457,418

 
      

Total assets

 

733,079

 

734,409

 

Total deposits

 

631,179

 

624,179

 

Short-term borrowings

 

5,108

 

14,265

 

Long-term debt

 

24,153

 

24,960

 

Total shareholders’ equity

 

67,066

 

65,615

 
      

Shares outstanding at period end

 

6,687,232

 

6,687,232

 
      

Book value per share

$

10.03

 

9.81

 

Equity to assets ratio

 

9.15%

 

8.93%

 
      

Assets Under Management

     

LCNB Corp. total assets

$

733,079

 

734,409

 

Trust and investments (fair value)

 

206,721

 

197,125

 

Loans serviced

 

57,196

 

57,369

 

Business cash management

 

14,005

 

17,902

 

Brokerage accounts (fair value)

 

76,535

 

72,202

 

Total assets managed

$

1,087,536

 

1,079,007