Borrowings

Funds borrowed from the Federal Home Loan Bank of Cincinnati ("FHLB") at March 31, 2014 and December 31, 2013 are as follows (dollars in thousands):



	Interest Rate		March 31, 2014		December 31, 2013
Fixed Rate Advances, due at maturity:
Advance due January 2015	2.00	%	$	5,000	5,000
Advance due March 2017	5.25	%	5,000		5,000
Fixed Rate Advances, with monthly principal and interest payments:
Advance due March 2014	2.45	%	—		265
Advance due March 2019	2.82	%	1,580		1,837
			$	11,580	12,102

All advances from the FHLB are secured by a blanket pledge of LCNB's 1-4 family first lien mortgage loans in the amount of approximately $199 million and $183 million at March 31, 2014 and December 31, 2013, respectively. Additionally, LCNB is required to hold minimum levels of FHLB stock, based on the outstanding borrowings.

Short-term borrowings at March 31, 2014 and December 31, 2013 are as follows (dollars in thousands):



	March 31, 2014				December 31, 2013
	Amount		Rate		Amount		Rate
Repurchase agreements	$	11,215	0.10	%	$	8,655	0.10	%
	$	11,215	0.10	%	$	8,655	0.10	%