LCNB (LCNB) 8-K Results of Operations and Financial Condition

Exhibit 99.2

LCNB Corp. and Subsidiaries

Financial Highlights

(Dollars in thousands, except per share amounts)

Condensed Income Statement		Three Months Ended December 31,		Year Ended December 31,
		2011	2010	2011	2010
Interest income	$	7,888	8,425	32,093	34,031
Interest expense		1,411	1,986	6,387	8,334
Net interest income		6,477	6,439	25,706	25,697
Provision for loan losses		613	693	2,089	1,680
Net interest income after provision		5,864	5,746	23,617	24,017
Non-interest income		1,981	2,694	7,764	8,887
Non-interest expense		5,321	5,314	21,849	21,277
Income before income taxes		2,524	3,126	9,532	11,627
Provision for income taxes		570	769	2,210	2,494
Net income from continuing operations		1,954	2,357	7,322	9,133
Income from discontinued operations, net of taxes		-	63	793	240
Net income	$	1,954	2,420	8,115	9,373
Dividends per common share	$	0.16	0.16	0.64	0.64
Basic earnings per common share:
Continuing operations	$	0.29	0.35	1.09	1.37
Discontinued operations		-	0.01	0.12	0.03
Diluted earnings per common share:
Continuing operations	$	0.28	0.34	1.08	1.36
Discontinued operations		-	0.01	0.12	0.03
Average shares outstanding:
Basic		6,699,005	6,688,285	6,692,385	6,687,500
Diluted		6,767,406	6,738,090	6,751,599	6,736,622
Selected Financial Ratios
Return on average assets		0.97%	1.23%	1.02%	1.22%
Return on average equity		9.94%	13.09%	10.89%	13.36%
Dividend payout ratio		55.17%	44.44%	52.89%	45.71%
Net interest margin (tax equivalent)		3.63%	3.76%	3.70%	3.89%

Selected Balance Sheet Items		December 31, 2011	December 31, 2010
Investment securities	$	267,771	251,053
Loans		461,262	454,991
Less allowance for loan losses		2,931	2,641
Net loans		458,331	452,350
Total assets		791,570	760,134
Total deposits		663,562	638,539
Short-term borrowings		21,596	21,691
Long-term debt		21,373	23,120
Total shareholders’ equity		77,960	70,707
Shares outstanding at period end		6,704,723	6,689,743
Book value per share	$	11.63	10.57
Equity to assets ratio		9.85%	9.30%
Assets Under Management
LCNB Corp. total assets	$	791,570	760,134
Trust and investments (fair value)		221,950	223,545
Loans serviced		67,410	70,705
Business cash management		8,583	9,591
Brokerage accounts (fair value)		78,863	82,385
Total assets managed	$	1,168,376	1,146,360