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Income Taxes
 9 Months Ended
Sep. 30, 2018
Income Tax Disclosure [Abstract]  
Income Taxes
Income Taxes
 
The Tax Cuts and Jobs Act ("Tax Act") was enacted on December 22, 2017. Among other changes, the Tax Act reduced the maximum U.S. Federal corporate tax rate from 35% to 21%.

A reconciliation between the statutory income tax and LCNB's effective tax rate on income from continuing operations follows:
 
For the Three Months Ended
September 30,
 
For the Nine Months Ended
September 30,
 
2018
 
2017
 
2018
 
2017
Statutory tax rate
21.0
 %
 
35.0
 %
 
21.0
 %
 
35.0
 %
Increase (decrease) resulting from:
 

 
 

 
 

 
 

Tax exempt interest
(2.6
)%
 
(6.4
)%
 
(3.6
)%
 
(6.4
)%
Tax exempt income on bank owned life insurance
(0.8
)%
 
(1.6
)%
 
(1.0
)%
 
(1.9
)%
Captive insurance premium income
(0.8
)%
 
—
 %
 
(0.9
)%
 
—
 %
Other, net
—
 %
 
(1.9
)%
 
0.3
 %
 
(0.9
)%
Effective tax rate
16.8
 %
 
25.1
 %
 
15.8
 %
 
25.8
 %