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,



2014


2013

Interest income

$

9,278


8,076

Interest expense


915


1,098

  Net interest income


8,363


6,978

Provision for loan losses


81


149

  Net interest income after provision


8,282


6,829

Non-interest income


2,077


2,507

Non-interest expense


8,672


7,091

  Income before income taxes


1,687


2,245

Provision for income taxes


364


517

  Net income

$

1,323


1,728






Dividends per common share

$

0.16


0.16






Earnings per common share:





  Basic

$

0.14


0.23

  Diluted


0.14


0.23






Average shares outstanding:





  Basic


9,288,400


7,513,101

  Diluted


9,413,049


7,610,626






Selected Financial Ratios





Return on average assets


0.50%


0.76%

Return on average equity


4.47%


7.51%

Dividend payout ratio


114.29%


69.57%

Net interest margin (tax equivalent)


3.66%


3.53%



Selected Balance Sheet Items


March 31,

2014


December 31,

2013

Investment securities

$

331,771


 279,021






Loans


685,196


574,354

  Less allowance for loan losses


3,370


3,588

  Net loans


681,826


570,766






Total assets


1,133,508


932,338

Total deposits


984,514


785,761

Short-term borrowings


11,215


8,655

Long-term debt


11,580


12,102

Total shareholders equity


119,761


118,873






Shares outstanding at period end


9,292,226


9,287,536






Book value per share

$

12.89


12.80

Tangible book value per share


9.44


11.02

Equity to assets ratio


10.57%


12.75%






Assets Under Management





LCNB Corp. total assets

$

1,133,508


932,338

Trust and investments (fair value)


262,666


257,088

Loans serviced


133,504


90,343

Business cash management


5,871


5,647

Brokerage accounts (fair value)


120,768


115,745

Total assets managed

$

1,656,317


1,401,161