LCNB (US:LCNB)2023-03-15 21:21Financial 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]