Attached files
| file | filename |
|---|---|
| 8-K - FORM 8-K - LCNB CORP | lcnb8k13114.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 December 31, | Twelve Months Ended December 31, | ||||||
2013 | 2012 | 2013 | 2012 | |||||
Interest income | $ | 8,566 | 7,232 | 33,497 | 29,938 | |||
Interest expense | 927 | 1,105 | 4,065 | 4,889 | ||||
Net interest income | 7,639 | 6,127 | 29,432 | 25,049 | ||||
Provision for loan losses | 219 | 609 | 588 | 1,351 | ||||
Net interest income after provision | 7,420 | 5,518 | 28,844 | 23,698 | ||||
Non-interest income | 2,358 | 2,753 | 9,090 | 9,049 | ||||
Non-interest expense | 6,634 | 5,340 | 26,212 | 21,682 | ||||
Income before income taxes | 3,144 | 2,931 | 11,722 | 11,065 | ||||
Provision for income taxes | 797 | 772 | 2,942 | 2,795 | ||||
Net income | $ | 2,347 | 2,159 | 8,780 | 8,270 | |||
Dividends per common share | $ | 0.16 | 0.16 | 0.64 | 0.64 | |||
Earnings per common share: | ||||||||
Basic | $ | 0.27 | 0.32 | 1.12 | 1.23 | |||
Diluted | 0.27 | 0.32 | 1.10 | 1.22 | ||||
Average shares outstanding: | ||||||||
Basic | 8,623,134 | 6,727,502 | 7,852,514 | 6,717,357 | ||||
Diluted | 8,755,416 | 6,819,117 | 7,982,997 | 6,802,475 | ||||
Selected Financial Ratios: | ||||||||
Return on average assets | 0.98% | 1.06% | 0.93% | 1.02% | ||||
Return on average equity | 8.48% | 10.33% | 9.02% | 10.22% | ||||
Dividend payout ratio | 59.26% | 50.00% | 57.14% | 52.03% | ||||
Net interest margin (tax equivalent) | 3.63% | 3.41% | 3.57% | 3.52% | ||||
Selected Balance Sheet Items | December 31, 2013 | December 31, 2012 | ||
Investment securities | $ | 279,021 | 276,970 | |
Loans | 574,354 | 453,783 | ||
Less allowance for loan losses | 3,588 | 3,437 | ||
Net loans | 570,766 | 450,346 | ||
Total assets | 932,338 | 788,637 | ||
Total deposits | 785,761 | 671,471 | ||
Short-term borrowings | 8,655 | 13,756 | ||
Long-term debt | 12,102 | 13,705 | ||
Total shareholders’ equity | 118,873 | 82,006 | ||
Shares outstanding at period end | 9,287,536 | 6,731,900 | ||
Book value per share | $ | 12.80 | 12.18 | |
Tangible book value per share | 11.02 | 11.29 | ||
Equity to assets ratio | 12.75% | 10.40% | ||
Assets Under Management | ||||
LCNB Corp. total assets | $ | 932,338 | 788,637 | |
Trust and investments (fair value) | 257,088 | 221,558 | ||
Mortgage loans serviced | 90,343 | 71,568 | ||
Business cash management | 5,647 | 6,673 | ||
Brokerage accounts (fair value) | 115,745 | 96,424 | ||
Total assets managed | $ | 1,401,161 | 1,184,860 |