Note 11 - Deposits

12 Months Ended

Dec. 31, 2024

Notes to Financial Statements

Deposit Liabilities Disclosures [Text Block]

NOTE 11 - DEPOSITS

The following table presents the composition of LCNB's deposits at  December 31, 2024 and 2023 (in thousands):

	December 31,		December 31,
	2024		2023
Demand deposit	$	459,619		462,267
Interest-bearing demand and money fund deposits		540,884		643,989
Savings deposits		367,205		379,162
IRA and time certificates		510,584		338,971
Total	$	1,878,292		1,824,389

Contractual maturities of time deposits at December 31, 2024 were as follows (in thousands):

Three months or less	$	101,314
Over three through six months		124,169
Over six through twelve months		230,925
Total 2025		456,408
2026		46,659
2027		3,899
2028		1,647
2029		1,534
Thereafter		437
	$	510,584

The aggregate amount of time deposits in denominations of $250,000 or more at December 31, 2024 and 2023 was $107,838,000 and $50,169,000, respectively. While the acquisition of EFBI contributed to the increase in the total amount of time deposits in denominations of $250,000 or more, most of the growth was generated organically. LCNB offered a special rate promotion for time deposits, accompanied by a bonus rate promotion for new deposits, during much of the 2024 period.