Note 7 – Borrowings

Funds borrowed from the Federal Home Loan Bank of Cincinnati at March 31, 2013 and December 31, 2012 are as follows (dollars in thousands):

	Current
	Interest			March 31,		December 31,
	Rate			2013		2012

Fixed Rate Advances, due at maturity:
Advance due January 2015		2.00	%	$	5,000		5,000
Advance due March 2017		5.25	%		5,000		5,000

Fixed Rate Advances, with monthly principal and interest payments:
Advance due March 2014		2.45	%		1,050		1,308
Advance due March 2019		2.82	%		2,078		2,397
				$	13,128		13,705

All advances from the Federal Home Loan Bank of Cincinnati are secured by a blanket pledge of LCNB's 1-4 family first lien mortgage loans in the amount of approximately $179 million and $142 million at March 31, 2013 and December 31, 2012, respectively. Additionally, LCNB is required to hold minimum levels of FHLB stock, based on the outstanding borrowings.

Short-term borrowings at March 31, 2013 and December 31, 2012 are as follows (dollars in thousands):

	March 31, 2013					December 31, 2012
	Amount		Rate			Amount		Rate
Line of credit	$	-		-	%	$	2,661		0.75	%
Repurchase agreements		11,609		0.10	%		11,095		0.10	%
	$	11,609		0.10	%	$	13,756		0.23	%