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CONSOLIDATED CONDENSED STATEMENTS OF CASH FLOWS
$ in Thousands
9 Months Ended
Sep. 30, 2018
USD ($)
Sep. 30, 2017
USD ($)
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 9,652 $ 9,355
Adjustments to reconcile net income to net cash flows from operating activities:    
Depreciation, amortization, and accretion 3,226 2,732
Provision for loan losses 962 225
Deferred income tax provision (benefit) (111) 0
Increase in cash surrender value of bank owned life insurance (553) (569)
Bank owned life insurance mortality benefits in excess of cash surrender value 0 (107)
Realized gain from equity securities (12) 0
Realized (gain) loss from sales of debt securities available-for-sale 8 (218)
Realized loss from sales of premises and equipment 41 121
Impairment charge recognized on premises and equipment 645 0
Realized loss from sales and impairment of other real estate owned and repossessed assets 0 3
Origination of mortgage loans for sale (6,478) (6,012)
Realized gains from sales of loans (182) (136)
Proceeds from sales of mortgage loans 6,576 6,076
Compensation expense related to stock options 0 1
Compensation expense related to restricted stock 89 69
Changes in:    
Accrued income receivable (1,231) (1,210)
Other assets (1,436) 514
Other liabilities 186 1,708
TOTAL ADJUSTMENTS 1,730 3,197
NET CASH FLOWS PROVIDED BY OPERATING ACTIVITIES 11,382 12,552
CASH FLOWS FROM INVESTING ACTIVITIES:    
Proceeds from sales of equity securities 73 0
Proceeds from sales of debt securities available-for-sale 8,545 26,407
Proceeds from maturities and calls of debt securities, available-for-sale 12,237 12,486
Proceeds from maturities and calls of debt securities, held-to-maturity 3,377 9,518
Purchases of equity securities (1,100) 0
Purchases of debt securities, available-for-sale 0 (27,002)
Purchases of debt securities, held-to-maturity (2,485) (5,375)
Proceeds from maturities of interest-bearing time deposits 3,477 0
Net increase (decrease) in loans (29,653) (15,402)
Proceeds from bank owned life insurance mortality benefits 0 189
Proceeds from sale of other real estate owned and repossessed assets 0 971
Purchases of premises and equipment (497) (6,082)
Proceeds from sale of premises and equipment 19 220
Net cash received from acquisition of Columbus First Bancorp, Inc. 12,896 0
NET CASH FLOWS PROVIDED BY (USED IN) INVESTING ACTIVITIES 4,968 (4,070)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Net increase in deposits 40,772 10,618
Net decrease in short-term borrowings (57,000) (12,040)
Proceeds from long-term debt 6,000 0
Principal payments on long-term debt (6,167) (235)
Proceeds from issuance of common stock 43 27
Proceeds from exercise of stock options 33 51
Cash dividends paid on common stock (5,605) (4,565)
NET CASH FLOWS USED IN FINANCING ACTIVITIES (21,924) (6,144)
NET CHANGE IN CASH AND CASH EQUIVALENTS (5,574) 2,338
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD 25,386 18,865
CASH AND CASH EQUIVALENTS AT END OF PERIOD 19,812 21,203
SUPPLEMENTAL CASH FLOW INFORMATION:    
Interest paid 4,043 2,651
Income taxes paid 700 1,610
SUPPLEMENTAL DISCLOSURE OF NONCASH INVESTING ACTIVITIES:    
Transfer from loans to other real estate owned and repossessed assets 0 974
LCNB purchased all of the common stock of Columbus First Bancorp, Inc on May 31, 2018, In conjunction with the acquisition, liabilities were assumed as follows (in thousands):    
Payments to Acquire Federal Reserve Bank Stock 1,921 $ 0
Columbus First Bancorp, Inc. [Member]    
LCNB purchased all of the common stock of Columbus First Bancorp, Inc on May 31, 2018, In conjunction with the acquisition, liabilities were assumed as follows (in thousands):    
Fair value of assets acquired 342,264  
Less common stock issued 63,598  
Less cash paid for the common stock 783  
Liabilities assumed $ 277,883