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Income Taxes
 3 Months Ended
Mar. 31, 2020
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 March 31,
 
 
2020
 
2019
Statutory tax rate
 
21.0
 %
 
21.0
 %
Increase (decrease) resulting from:
 
 

 
 

Tax exempt interest
 
(1.0
)%
 
(1.9
)%
Tax exempt income on bank owned life insurance
 
(2.2
)%
 
(0.7
)%
Captive insurance premium income
 
(0.8
)%
 
(0.9
)%
Tax benefit from certain provisions of the CARES Act
 
(3.4
)%
 
—
 %
Other, net
 
(0.7
)%
 
(0.6
)%
Effective tax rate
 
12.9
 %
 
16.9
 %