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 March 31,
		2014	2013
Interest income	$	9,278	8,076
Interest expense		915	1,098
Net interest income		8,363	6,978
Provision for loan losses		81	149
Net interest income after provision		8,282	6,829
Non-interest income		2,077	2,507
Non-interest expense		8,672	7,091
Income before income taxes		1,687	2,245
Provision for income taxes		364	517
Net income	$	1,323	1,728
Dividends per common share	$	0.16	0.16
Earnings per common share:
Basic	$	0.14	0.23
Diluted		0.14	0.23
Average shares outstanding:
Basic		9,288,400	7,513,101
Diluted		9,413,049	7,610,626
Selected Financial Ratios
Return on average assets		0.50%	0.76%
Return on average equity		4.47%	7.51%
Dividend payout ratio		114.29%	69.57%
Net interest margin (tax equivalent)		3.66%	3.53%

Selected Balance Sheet Items		March 31, 2014	December 31, 2013
Investment securities	$	331,771	279,021
Loans		685,196	574,354
Less allowance for loan losses		3,370	3,588
Net loans		681,826	570,766
Total assets		1,133,508	932,338
Total deposits		984,514	785,761
Short-term borrowings		11,215	8,655
Long-term debt		11,580	12,102
Total shareholders’ equity		119,761	118,873
Shares outstanding at period end		9,292,226	9,287,536
Book value per share	$	12.89	12.80
Tangible book value per share		9.44	11.02
Equity to assets ratio		10.57%	12.75%
Assets Under Management
LCNB Corp. total assets	$	1,133,508	932,338
Trust and investments (fair value)		262,666	257,088
Loans serviced		133,504	90,343
Business cash management		5,871	5,647
Brokerage accounts (fair value)		120,768	115,745
Total assets managed	$	1,656,317	1,401,161