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Income Taxes
 9 Months Ended
Sep. 30, 2019
Income Tax Disclosure [Abstract]  
Income Taxes
Income Taxes

A reconciliation between the statutory income tax and LCNB's effective tax rate on income from continuing operations follows:
 
Three Months Ended September 30,
 
Nine Months Ended September 30,
 
2019
 
2018
 
2019
 
2018
Statutory tax rate
21.0
 %
 
21.0
 %
 
21.0
 %
 
21.0
 %
Increase (decrease) resulting from:
 

 
 

 
 

 
 

Tax exempt interest
(1.3
)%
 
(2.6
)%
 
(1.6
)%
 
(3.6
)%
Tax exempt income on bank owned life insurance
(1.1
)%
 
(0.8
)%
 
(0.8
)%
 
(1.0
)%
Captive insurance premium income
(0.7
)%
 
(0.8
)%
 
(0.8
)%
 
(0.9
)%
Other, net
(1.0
)%
 
—
 %
 
(0.8
)%
 
0.3
 %
Effective tax rate
16.9
 %
 
16.8
 %
 
17.0
 %
 
15.8
 %