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PARENT COMPANY FINANCIAL INFORMATION
 12 Months Ended
Dec. 31, 2022
Condensed Financial Information Disclosure [Abstract]  
PARENT COMPANY FINANCIAL INFORMATION PARENT COMPANY FINANCIAL INFORMATION
Condensed financial information for LCNB Corp., at the parent company level only, follows (in thousands):
Condensed Balance Sheets:  
December 31,20222021
Assets:  
Cash on deposit with subsidiary$916 657 
Cash on deposit with unrelated depository institution620 451 
Equity securities, at fair value1,024 1,156 
Investment in subsidiaries215,222 236,401 
Other assets59 180 
Total assets$217,841 238,845 
Liabilities:
Short-term borrowings$3,000 — 
Long-term debt14,072 — 
Other liabilities94 241 
Total liabilities17,166 241 
Shareholders' equity200,675 238,604 
Total liabilities and shareholders' equity$217,841 238,845 

Condensed Statements of Income   
Year ended December 31,202220212020
Income:   
Dividends from subsidiaries$17,850 15,820 12,070 
Interest and dividends35 34 29 
Other income (loss), net(123)155 147 
Total income17,762 16,009 12,246 
Total expenses3,305 1,764 1,326 
Income before income tax benefit and equity in undistributed income of subsidiaries14,457 14,245 10,920 
Income tax benefit(705)(333)(404)
Equity in undistributed income of subsidiaries6,966 6,396 8,751 
Net income$22,128 20,974 20,075 
Condensed Statements of Cash Flows   
Year ended December 31,202220212020
Cash flows from operating activities:   
Net income$22,128 20,974 20,075 
Adjustments for non-cash items -   
Increase in undistributed income of subsidiaries(6,966)(6,396)(8,751)
Other, net636 299 (88)
Net cash flows provided by operating activities15,798 14,877 11,236 
Cash flows from investing activities:   
Purchases of equity securities— — (346)
Proceeds from sales of equity securities— — 463 
Net cash flows provided by (used in) investing activities— — 117 
Cash flows from financing activities:   
Net increase in short-term borrowings3,000 — — 
Proceeds from long-term debt15,000 — — 
Principal payments on long-term debt(928)— — 
Proceeds from issuance of common stock409 434 401 
Payments to repurchase common stock(23,660)(8,310)(1,872)
Cash dividends paid on common stock(9,191)(9,720)(9,448)
Other— 4 114 
Net cash flows used in financing activities(15,370)(17,592)(10,805)
Net change in cash428 (2,715)548 
Cash at beginning of year1,108 3,823 3,275 
Cash at end of year$1,536 1,108 3,823