LCNB Corp 2025年季度报告

FORM10-Q (Mark One) LCNB Corp. (Exact name of registrant as specified in its charter) Securities registered pursuant to Section 12(b) of the Act: Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the SecuritiesExchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, everyInteractive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, smallerreporting company, or an emerging growth company. See the definitions of "large accelerated filer," "accelerated filer," "smaller If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period forcomplying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Act). The number of shares outstanding of the issuer's common stock, without par value, as ofMay 7, 2025 was14,167,428shares. LCNB CORP. AND SUBSIDIARIESTABLE OF CONTENTSPART I–FINANCIAL INFORMATIONItem 1.Financial StatementsCONSOLIDATED CONDENSED BALANCE SHEETSCONSOLIDATED CONDENSED STATEMENTS OF INCOMECONSOLIDATED CONDENSED STATEMENTS OF COMPREHENSIVE INCOMECONSOLIDATED CONDENSED STATEMENTS OF SHAREHOLDERS' EQUITYCONSOLIDATED CONDENSED STATEMENTS OF CASH FLOWSNOTES TO CONSOLIDATED CONDENSED FINANCIAL STATEMENTSItem 2. Management's Discussion and Analysis of Financial Condition and Results ofOperationsItem 3.Quantitative and Qualitative Disclosures about Market RisksItem 4.Controls and ProceduresPART II.OTHER INFORMATIONItem 1.Legal ProceedingsItem 1A.Risk FactorsItem 2.Unregistered Sales of Equity Securities and Use of ProceedsItem 3.Defaults Upon Senior SecuritiesItem 4.Mine Safety DisclosuresItem 5.Other InformationItem 6.ExhibitsSIGNATURES 56 Glossary of Abbreviations and Acronyms ACLAllowance for Credit LossesASCAccounting Standards CodificationASUAccounting Standards UpdateBankLCNB National BankCECLCurrent expected credit lossesCNNBCincinnati Bancorp, Inc.CompanyLCNB Corp. and its consolidated subsidiaries as a wholeDCFDiscounted Cash FlowEFBIEagle Financial Bancorp, Inc.FASBFinancial Accounting Standards BoardFDICFederal Deposit Insurance CorporationFFIECFinancial Institutions Examination CouncilFHLBFederal Home Loan BankFICOFair Isaac CorporationFOMCFederal Open Market Committee of the Federal Reserve SystemFRBFederal Reserve BankGAAPGenerally Accepted Accounting PrinciplesIRAIndividual Retirement AccountLCNBLCNB Corp. and its consolidated subsidiaries as a wholeLDALoss Driver AnalysisLGDLoss Given DefaultOAEMOther Assets Especially MentionedPCDPurchased Credit DeterioratedPDProbability of DefaultSECSecurities and Exchange Commission2 LCNB CORP. AND SUBSIDIARIESNOTES TO CONSOLIDATED CONDENSED FINANCIAL STATEMENTS NOTE1- BASIS OF PRESENTATION BASIS OF PRESENTATION The accompanying unaudited interim consolidated condensed financial statements include LCNB Corp. and its wholly-ownedsubsidiaries: LCNB National Bank and LCNB Risk Management, Inc., its captive insurance company. All material intercompany The unaudited interim consolidated condensed financial statements have been prepared in accordance with U.S. GAAP for interimfinancial information and the rules and regulations of the SEC.Certain information and note disclosures normally included inannual financial statements prepared in accordance with GAAP have been condensed or omitted pursuant to those rules andregulations.In the opinion of management, the unaudited interim consolidated financial statements include all adjustments The consolidated condensed balance sheet as ofDecember 31, 2024has been derived from the audited consolidated balance sheetas of that date. The preparation of consolidated financial statements in conformity with U.S. GAAP requires management to make estimates andassumptions that affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities at the date ofthe consolidated financial statements, and the reported amounts of revenues and expenses during the reporting period. Actual Results of operations for thethreemonths endedMarch 31, 2025arenotnecessarily indicative of the results to be expected for thefull year endingDecember31,2025.These unaudited consolidated financial statements should be read in conjunction with the Certain prior period amounts have been reclassified to conform to the current year presentation. Specifically, prior period cashflows previously presented as a change in other liabilities have bee