RELATED PARTY TRANSACTIONS

12 Months Ended

Dec. 31, 2022

LCNB has entered into related party transactions with various directors and executive officers. Management believes these transactions do not involve more than a normal risk of collectability or present other unfavorable features. The following table provides a summary of the loan activity for these officers and directors for the years ended December 31 (in thousands):


	2022		2021
Beginning balance	$	2,125	2,929
New loans and advances	317		250
Change in composition of related parties	—		(413)
Reductions	(250)		(641)
Ending Balance	$	2,192	2,125

Deposits from executive officers, directors and related interests of such persons held by the Company at December 31, 2022 and 2021 amounted to $2,163,000 and $3,373,000, respectively.