REGULATORY MATTERS (Tables)

12 Months Ended

Dec. 31, 2014

Banking and Thrift [Abstract]

Financial institutions are classified into categories based upon capital adequacy

Minimum capital requirements and capital levels needed to be considered well-capitalized at December 31, 2014 and 2013 are:

	Minimum Requirement	To Be Considered Well-Capitalized
Ratio of tier 1 capital to risk-weighted assets	4.0%	6.0%
Ratio of total capital (tier 1 capital plus tier 2 capital) to risk-weighted assets	8.0%	10.0%
Leverage ratio (tier 1 capital to adjusted quarterly average total assets)	3.0%	5.0%

Summary of regulatory capital and capital ratios of LCNB

A summary of the regulatory capital of the Consolidated Company and Bank at December 31 follows (dollars in thousands):

	2014					2013
	Consolidated Company			Bank		Consolidated Company		Bank
Regulatory Capital:
Shareholders' equity	$	125,695		119,350		118,873		90,438
Goodwill and other intangible assets	(31,886		)	(31,886	)	(16,532	)	(16,532	)
Accumulated other comprehensive (income) loss	(785		)	(583	)	1,722		1,856
Tier 1 risk-based capital	93,024			86,881		104,063		75,762
Eligible allowance for loan losses	3,121			3,121		3,588		3,588
Total risk-based capital	$	96,145		90,002		107,651		79,350
Capital Ratios:
Tier 1 capital to risk-weighted assets	13.92		%	13.03	%	18.03	%	13.18	%
Total capital (tier 1 capital plus tier 2 capital) to risk-weighted assets	14.38		%	13.50	%	18.65	%	13.81	%
Leverage ratio (tier 1 capital to adjusted quarterly average total assets)	8.53		%	7.98	%	11.10	%	8.10	%