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Borrowings
 9 Months Ended
Sep. 30, 2023
Debt Disclosure [Abstract]  
Borrowings BORROWINGS
Long-term debt at September 30, 2023 and December 31, 2022 was as follows (dollars in thousands):
September 30, 2023December 31, 2022
AmountRateAmountRate
Term loan$12,641 4.25 %$14,072 4.25 %
FHLB long-term advances100,000 4.74 %5,000 3.02 %
$112,641 4.69 %$19,072 3.93 %
The term loan with a correspondent financial institution bears a fixed interest rate of 4.25%, amortizes quarterly, and has a final balloon payment due on June 15, 2025.

Contractual maturities of long-term debt at September 30, 2023 and December 31, 2022 were as follows ( in thousands):
September 30,
2023		December 31,
2022
Maturing within one year $5,000 6,918 
Maturing after one year through two years 1,980 2,001 
Maturing after two years through three years 35,661 10,153 
Maturing after three years through four years 25,000 — 
Maturing after four years through five years 25,000 — 
Thereafter20,000 — 
Total$112,641 19,072 

Short-term borrowings at September 30, 2023 and December 31, 2022 were as follows (dollars in thousands):
September 30, 2023December 31, 2022
AmountRateAmountRate
Revolving line of credit$— — %$3,000 7.25 %
Overnight lines of credit— — %18,455 5.00 %
FHLB short-term advances30,000 5.63 %50,000 4.40 %
$30,000 5.63 %$71,455 4.67 %

At September 30, 2023, LCNB Corp. had a short-term revolving line of credit arrangement with a financial institution for a maximum amount of $5 million at an interest rate equal to the Wall Street Journal Prime Rate minus 25 basis points. This agreement expires on June 15, 2024. No borrowings were outstanding under this arrangement at September 30, 2023.

At September 30, 2023, LCNB had overnight line of credit borrowing arrangements with three correspondent financial institutions. Under the terms of the first arrangement, LCNB can borrow up to $30 million at an interest rate equal to the lending institution’s federal funds rate plus a spread of 50 basis points. No borrowings were outstanding under this arrangement at September 30, 2023. Under the terms of the second arrangement, LCNB can borrow up to $25 million at an interest rate equal to the FOMC rate plus a spread of 25 basis points. No borrowings were outstanding under this arrangement at September 30, 2023. Under the terms of the third arrangement, LCNB can borrow up to $25 million at the interest rate in effect at the time of borrowing. No borrowings were outstanding under this arrangement at September 30, 2023.

All long- and short-term advances from the FHLB of Cincinnati are secured by a blanket pledge of LCNB's 1-4 family first lien mortgage loans in the amount of approximately $276 million and $270 million at September 30, 2023 and December 31, 2022, respectively. Remaining borrowing capacity with the FHLB, including both long- and short-term borrowings, at September 30, 2023 was approximately $61.1 million. LCNB could increase its remaining borrowing capacity by purchasing more stock in the FHLB.