Financial Portfolio - As of December 31, 2022, total U.S. Treasury notes amounted to $84.9 million with a weighted average yield of 1.16%[94] - The total U.S. Agency notes were valued at $89.2 million with a weighted average yield of 1.09%[94] - The total corporate bonds amounted to $7.5 million with a weighted average yield of 4.24%[94] - Total municipal securities, taxable, reached $46,556 thousand with a fair value of $40,778 thousand, yielding 2.21%[94] - The total municipal securities, tax-exempt, amounted to $8.9 million with a weighted average yield of 2.59%[94] - Total U.S. Treasury notes amounted to $84,927 thousand with a fair value of $76,447 thousand, yielding 1.16%[94] - The total U.S. Agency notes amounted to $89,160 thousand with a fair value of $77,976 thousand, yielding 1.09%[94] Loan Portfolio - The loan portfolio totaled $1.4 billion, with commercial and industrial loans at $120.3 million and residential real estate loans at $306.1 million[97] - The loan portfolio totals $1,401,278 thousand, with commercial and industrial loans maturing in one year or less at $18,761 thousand[97] - Fixed-rate loans maturing beyond one year totaled $575.2 million, while variable-rate loans totaled $762.2 million[97] - Loans maturing beyond one year total $1,337,386 thousand, with fixed-rate loans at $575,220 thousand[97] Allowance for Loan Losses - The allowance for loan losses was $5.6 million, representing 0.40% of total loans outstanding[98] - The allowance for loan losses is $5,646 thousand, representing 0.40% of total loans outstanding[98] - The ratio of the allowance for loan losses to total non-accrual loans was 1,443.99%[98] - The ratio of the allowance for loan losses to total non-accrual loans is 1,443.99%[98] Deposits - Uninsured deposits were estimated at $212.7 million as of December 31, 2022, down from $222.2 million in 2021[99] - The estimated amount of time deposits exceeding the FDIC insurance limit of $250,000 is $13,749 thousand[101] - The total contractual maturities of time deposits exceeding the FDIC insurance limit of $250,000 were $13.7 million[101]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2022 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 001-35292 LCNB Corp. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or organizatio ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2022 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 001-35292 LCNB Corp. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or organizati ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2021 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _______________________ to ______________________ Commission File Number 000-26121 LCNB Corp. (Exact name of registrant as specified in its charter) (State or othe ...

Financial Performance - Net income for the three months ended September 30, 2021, was $4,817 thousand, an increase of 13.3% from $4,250 thousand in the same period of 2020[16]. - Net income for the nine months ended September 30, 2021, was $15,347 thousand, compared to $14,333 thousand for the same period in 2020, representing a growth of 7.1%[22]. - Earnings per common share (diluted) for the three months ended September 30, 2021, was $0.39, compared to $0.33 for the same period in 2020, reflecting an increase of 18.2%[14]. - Basic and diluted earnings per common share for the nine months ended September 30, 2021, were both $1.21, up from $1.11 in 2020, indicating a 9.0% growth[127]. - The company reported a total comprehensive income of $4,817 thousand for the three months ended September 30, 2021, compared to a loss of $667 thousand in the same period of the previous year[19]. Asset and Deposit Growth - Total assets increased to $1,884,252 thousand as of September 30, 2021, up from $1,745,884 thousand at December 31, 2020, representing an increase of 7.9%[12]. - Total deposits rose to $1,603,203 thousand as of September 30, 2021, compared to $1,455,423 thousand at December 31, 2020, marking an increase of 10.1%[12]. - The net increase in deposits for the nine months ended September 30, 2021, was $147,780 thousand, compared to $82,114 thousand in 2020, indicating a significant increase of 79.9%[22]. - Total loans, net of deferred origination fees, increased to $1,340,159,000 as of September 30, 2021, compared to $1,299,421,000 at December 31, 2020, representing a growth of approximately 3.1%[47]. Income and Expense Analysis - Net interest income for the three months ended September 30, 2021, was $14,073 thousand, compared to $13,529 thousand for the same period in 2020, reflecting a year-over-year increase of 4.0%[14]. - Non-interest income for the nine months ended September 30, 2021, totaled $11,885 thousand, slightly up from $11,436 thousand in the same period of 2020, indicating a growth of 3.9%[14]. - Total non-interest expense for the three months ended September 30, 2021, was $12,029 thousand, an increase of 3.2% from $11,653 thousand in the same period of 2020[14]. - Non-interest expense for the nine months ended September 30, 2021, totaled $35,729,000, an increase of $1,888,000 compared to the same period in 2020[201]. Loan Loss Provisions - The provision for loan losses decreased to $306 thousand for the three months ended September 30, 2021, down from $976 thousand in the same period of 2020, a reduction of 68.7%[14]. - The provision for loan losses for the nine months ended September 30, 2021, was $239,000, significantly lower than the $2,165,000 provision for the same period in 2020[196]. - The allowance for loan losses was $5,828,000 as of September 30, 2021, slightly up from $5,728,000 at December 31, 2020[47]. Stock and Dividends - The company declared dividends of $0.19 per common share for the three months ended September 30, 2021, up from $0.18 in the same period of 2020[14]. - Common stock dividends paid were $6,963 thousand for the nine months ended September 30, 2021, compared to $6,747 thousand in 2020, reflecting a slight increase of 3.2%[22]. - The total balance of common stock outstanding decreased from 12,634,845 shares at June 30, 2021, to 12,433,328 shares at September 30, 2021, a reduction of 1.6%[19]. Impaired Loans and Credit Quality - The total recorded investment in impaired loans as of September 30, 2021, was $8,071,000, with an unpaid principal balance of $9,855,000, and a related allowance of $31,000[69]. - Non-accrual loans decreased to $2,629,000 as of September 30, 2021, down from $3,718,000 at December 31, 2020, indicating a reduction of about 29.3%[47]. - The fair value of impaired loans was recorded at $1,046,000 as of September 30, 2021, down from $3,439,000 as of December 31, 2020, indicating a significant reduction in impaired assets[137]. Tax and Regulatory Considerations - The effective tax rate for the three months ended September 30, 2021, was 17.6%, a slight decrease from 17.9% in the same period of 2020[97]. - The effective tax rate for the nine months ended September 30, 2021, was 18.1%, compared to 16.4% for the same period in 2020[202]. - The company is preparing for the implementation of ASU No. 2016-13, which will change the methodology for recognizing credit losses, potentially impacting future financial results[144]. COVID-19 Impact - LCNB's financial condition and results are subject to risks from the COVID-19 pandemic, which may impact liquidity, capital positions, and borrowers' ability to repay loans[151]. - The company continues to monitor the COVID-19 pandemic and expects to make future operational changes as the situation evolves[157].

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2021 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Ohio 31-1626393 2 North Broadway, Lebanon, Ohio 45036 (Address of principal executive offices, including Zip Code) (513) 932-1414 (Registrant's telephone numbe ...

Financial Performance - Net income for the three months ended March 31, 2021, was $5,240 thousand, compared to $5,026 thousand for the same period in 2020, reflecting an increase of 4.25%[15] - Net income for the three months ended March 31, 2021, was $5,240 million, an increase from $5,026 million in the same period of 2020, representing a growth of 4.3%[23] - The company declared dividends of $0.19 per common share for Q1 2021, up from $0.18 per share in Q1 2020[15] - Basic earnings per common share for Q1 2021 was $0.41, consistent with the $0.39 reported in Q1 2020[124] - The company reported net income of $5,240,000 for the three months ended March 31, 2021, compared to $5,026,000 for the same period in 2020, representing a year-over-year increase of 4.3%[124] Asset and Deposit Growth - Total assets increased to $1,818,321 thousand as of March 31, 2021, up from $1,745,884 thousand at December 31, 2020, representing a growth of 4.16%[12] - Total deposits increased to $1,537,116 thousand as of March 31, 2021, up from $1,455,423 thousand at December 31, 2020, a growth of 5.6%[12] - The net increase in deposits for the three months ended March 31, 2021, was $81,693 million, compared to a decrease of $2,408 million in the same period of 2020[23] - Total deposits rose by $81,693 thousand, or 5.61%, with non-interest-bearing deposits increasing by 4.41% and interest-bearing deposits by 6.16%[195] Loan Portfolio and Quality - As of March 31, 2021, total loans amounted to $1,336,632,000, an increase of 2.5% from $1,300,556,000 at December 31, 2020[47] - LCNB's total loan portfolio as of March 31, 2021, was $1,335,101,000, an increase from $1,299,421,000 as of December 31, 2020, representing a growth of approximately 2.75%[64] - The residential real estate loan category had a recorded investment of $328,776,000 as of March 31, 2021, compared to $310,085,000 at the end of 2020, indicating an increase of about 6%[64] - The percentage of loans categorized as "Pass" in the residential real estate segment was 98.2% as of March 31, 2021, up from 98.0% at the end of 2020[64] - The total number of troubled debt restructurings (TDRs) during the three months ended March 31, 2021, was 1, with a recorded balance of $21,000[70] Income and Expense Analysis - Non-interest income decreased to $3,465 thousand in Q1 2021 from $3,839 thousand in Q1 2020, a decline of 9.7%[15] - Total non-interest expense increased to $11,492 thousand in Q1 2021, compared to $11,072 thousand in Q1 2020, an increase of 3.8%[15] - Total interest income for Q1 2021 decreased by $1,037,000 compared to Q1 2020, primarily due to a $692,000 decrease in loan interest income and a $309,000 decrease in interest income from taxable and non-taxable debt securities[180] - Non-interest income for Q1 2021 totaled $3,465,000, a decrease of $374,000 from Q1 2020, with fiduciary income increasing by $426,000[187] - Total non-interest expense for Q1 2021 was $11,492,000, an increase of $420,000 compared to Q1 2020, driven by higher equipment and occupancy expenses[190] Capital and Equity - Total shareholders' equity decreased to $239,246 thousand as of March 31, 2021, down from $240,825 thousand at December 31, 2020, a decline of 0.66%[12] - Tier 1 risk-based capital increased to $172,386 thousand from $168,351 thousand, maintaining a Common Equity Tier 1 Capital ratio of 12.48%[206] - The company reported a total comprehensive income of $1,800 thousand for Q1 2021, compared to $7,509 thousand for Q1 2020, a decrease of 76.0%[17] Tax and Regulatory Matters - The effective tax rate for the three months ended March 31, 2021, was 18.1%, up from 12.9% in the same period of 2020[95] - Tax credits and other tax benefits recognized for the three months ended March 31, 2021, were $260,000, an increase from $159,000 in the same period of 2020[91] Risk Management and Economic Conditions - LCNB's financial condition and operations are subject to risks from the COVID-19 pandemic, which may affect liquidity and capital positions[158] - The company anticipates potential difficulties in growing loan and deposit balances due to economic conditions and increased competition[158] - The allowance for loan losses is expected to increase due to the implementation of ASU No. 2016-13, although the exact financial impact cannot be estimated at this time[154] Cash Flow and Liquidity - Net cash flows provided by operating activities increased significantly to $4,039 million from $1,305 million year-over-year, marking a rise of 209.5%[23] - The company believes that it has sufficient liquidity to fund its lending and capital expenditure commitments[104] - The total remaining borrowing capacity at March 31, 2021, was approximately $172.6 million[92] Investment and Securities - The amortized cost of debt securities available-for-sale was $236,470 million with a fair value of $237,619 million as of March 31, 2021[35] - The fair value of available-for-sale debt securities is estimated using market quotations and discounted cash flow methods[170] - The total fair value of debt securities available-for-sale was $240,125,000 as of March 31, 2021, compared to $211,860,000 on December 31, 2020[134]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2020 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _______________________ to ______________________ Commission File Number 000-26121 LCNB Corp. (Exact name of registrant as specified in its charter) (State or othe ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2020 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 001-35292 LCNB Corp. (Exact name of registrant as specified in its charter) Ohio 31-1626393 (State or other jurisdiction of incorpo ...

Financial Performance - Net income for the three months ended June 30, 2020, was $5,057 thousand, compared to $4,728 thousand for the same period in 2019, reflecting an increase of 6.9%[13] - Net income for the six months ended June 30, 2020, was $10,083,000, a 7.8% increase from $9,355,000 in the same period of 2019[21] - Earnings per common share for the three months ended June 30, 2020, were $0.39, up from $0.36 in the same period of 2019, representing an increase of 8.3%[13] - Total comprehensive income for the three months ended June 30, 2020, was $5,769 thousand, down from $6,905 thousand in the same period of 2019, reflecting a decrease of 16.4%[15] - Net income for Q2 2020 was $5,057,000, an increase of 6.9% from $4,728,000 in Q2 2019, with earnings per share rising from $0.36 to $0.39[179] Asset Growth - Total assets increased to $1,735,332 thousand as of June 30, 2020, up from $1,639,308 thousand at December 31, 2019, representing a growth of approximately 5.9%[9] - Total assets as of June 30, 2020, were $1,704,303,000, up from $1,637,645,000 a year earlier[182] - Total shareholders' equity increased to $237,047 thousand as of June 30, 2020, compared to $228,048 thousand at December 31, 2019, reflecting a growth of 3.9%[9] Deposits and Cash Flow - Total deposits rose to $1,438,921 thousand as of June 30, 2020, up from $1,348,280 thousand at December 31, 2019, marking an increase of 6.7%[9] - Cash and cash equivalents at the end of the period on June 30, 2020, were $42,736,000, compared to $23,185,000 at the end of June 30, 2019, indicating an increase of 84.5%[21] - Total cash flows provided by operating activities for the six months ended June 30, 2020, were $4,931,000, compared to $8,250,000 in 2019, reflecting a decrease of 40.5%[21] Loan Portfolio and Quality - The total gross loans as of June 30, 2020, amounted to $1,337,340,000, an increase from $1,243,726,000 as of December 31, 2019, representing a growth of approximately 7.5%[46] - The allowance for loan losses at the end of June 2020 was $5,016,000, compared to $4,045,000 at the end of December 2019, indicating an increase of 24%[49] - The total number of loans categorized as "Substandard" increased to $21,912,000 in June 2020 from $17,256,000 in December 2019, reflecting a rise of 27.5%[63] - The company reported a provision for loan losses of $1,189,000 for the six months ended June 30, 2020, compared to a credit of $(51,000) in 2019[21] Interest Income and Expense - Net interest income for the six months ended June 30, 2020, was $28,176 thousand, compared to $26,981 thousand for the same period in 2019, indicating a growth of 4.4%[13] - Total interest income decreased by $414,000 in Q2 2020, primarily due to a $472,000 decrease in interest income from taxable and non-taxable debt securities[188] - Total interest expense decreased by $779,000 in Q2 2020, driven by a $294,000 decrease in savings deposits and a $438,000 decrease in IRA and time certificates[189] Non-Interest Income and Expense - Non-interest income for the three months ended June 30, 2020, totaled $3,319 thousand, an increase from $2,998 thousand in the same period of 2019, representing a rise of 10.7%[13] - Non-interest income for the six months ended June 30, 2020, increased by $1,388,000 to $7,158,000, driven by growth in fiduciary income and bank-owned life insurance income[203] - Total non-interest expense for the six months ended June 30, 2020, was $22,188,000, an increase of $655,000 compared to the same period in 2019[207] COVID-19 Impact and Response - LCNB provided payment deferrals to 582 loan customers totaling approximately $384 million affected by COVID-19[174] - The company assisted 316 small businesses with $45.5 million in loans through the CARES Act Paycheck Protection Program[174] - LCNB's financial condition and results are subject to risks from the COVID-19 pandemic, including potential increased loan charge-offs[168] Tax and Regulatory Matters - The effective tax rate for the three months ended June 30, 2020, was 18.2%, compared to 17.1% for the same period in 2019, indicating an increase of approximately 6.4%[97] - The company recognized tax credits and other tax benefits of $538,000 for the six months ended June 30, 2020, compared to $168,000 for the same period in 2019, marking a significant increase of approximately 219%[90] Equity and Stock Options - The company declared dividends of $0.18 per common share for the three months ended June 30, 2020, compared to $0.17 for the same period in 2019[13] - The intrinsic value of options exercised in the six months ended June 30, 2020, was $46,000, with cash received from options exercised totaling $115,000[121] - The company had 311,000 outstanding stock options with a weighted average exercise price of $12.60 as of June 30, 2020[118]