Attached files
| file | filename |
|---|---|
| 8-K - FORM 8-K - LCNB CORP | lcnb8k71613.htm |
| EX-99 - EXHIBIT 99.1 - LCNB CORP | ex991.htm |
Exhibit 99.2
LCNB Corp. and Subsidiaries
Financial Highlights
(Dollars in thousands, except per share amounts)
Condensed Income Statement | Three Months Ended June 30, | Six Months Ended June 30, | ||||||
2013 | 2012 | 2013 | 2012 | |||||
Interest income | $ | 8,405 | 7,571 | 16,481 | 15,302 | |||
Interest expense | 1,045 | 1,272 | 2,143 | 2,594 | ||||
Net interest income | 7,360 | 6,299 | 14,338 | 12,708 | ||||
Provision for loan losses | 42 | 91 | 191 | 306 | ||||
Net interest income after provision | 7,318 | 6,208 | 14,147 | 12,402 | ||||
Non-interest income | 2,178 | 1,755 | 4,685 | 4,091 | ||||
Non-interest expense | 6,324 | 5,330 | 13,415 | 10,778 | ||||
Income before income taxes | 3,172 | 2,633 | 5,417 | 5,715 | ||||
Provision for income taxes | 824 | 646 | 1,341 | 1,451 | ||||
Net income | $ | 2,348 | 1,987 | 4,076 | 4,264 | |||
Dividends per common share | $ | 0.16 | 0.16 | 0.32 | 0.32 | |||
Earnings per common share: | ||||||||
Basic | $ | 0.31 | 0.30 | 0.54 | 0.64 | |||
Diluted | 0.30 | 0.29 | 0.53 | 0.63 | ||||
Average shares outstanding: | ||||||||
Basic | 7,627,900 | 6,713,847 | 7,570,817 | 6,710,062 | ||||
Diluted | 7,759,438 | 6,789,776 | 7,686,890 | 6,784,614 | ||||
Selected Financial Ratios: | ||||||||
Return on average assets | 0.99% | 0.98% | 0.88% | 1.07% | ||||
Return on average equity | 9.91% | 9.96% | 8.75% | 10.77% | ||||
Dividend payout ratio | 51.61% | 53.33% | 59.26% | 50.00% | ||||
Net interest margin (tax equivalent) | 3.54% | 3.52% | 3.54% | 3.61% | ||||
Selected Balance Sheet Items | June 30, 2013 | December 31, 2012 | ||
Investment securities | $ | 304,934 | 276,970 | |
Loans | 556,314 | 453,783 | ||
Less allowance for loan losses | 3,426 | 3,437 | ||
Net loans | 552,888 | 450,346 | ||
Total assets | 945,510 | 788,637 | ||
Total deposits | 800,813 | 671,471 | ||
Short-term borrowings | 36,272 | 13,756 | ||
Long-term debt | 12,788 | 13,705 | ||
Total shareholders’ equity | 90,229 | 82,006 | ||
Shares outstanding at period end | 7,633,679 | 6,731,900 | ||
Book value per share | $ | 11.82 | 12.18 | |
Tangible book value per share | 9.64 | 11.29 | ||
Equity to assets ratio | 9.54% | 10.40% | ||
Assets Under Management | ||||
LCNB Corp. total assets | $ | 945,510 | 788,637 | |
Trust and investments (fair value) | 248,399 | 221,558 | ||
Mortgage loans serviced | 91,419 | 71,568 | ||
Business cash management | 7,037 | 6,673 | ||
Brokerage accounts (fair value) | 106,856 | 96,424 | ||
Total assets managed | $ | 1,399,221 | 1,184,860 |