LYNCH & Associates 13F-HR Quarterly holdings report by institutional manager

The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE

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COLUMN 1	COLUMN 2	COLUMN 3	COLUMN 4	COLUMN 5			COLUMN 6	COLUMN 7	COLUMN 8
			VALUE	SHRS OR	SH/	PUT/	INVESTMENT	OTHER	VOTING AUTHORITY
NAME OF ISSUER	TITLE OF CLASS	CUSIP	(x$1000)	PRN AMT	PRN	CALL	DISCRETION	MANAGER	SOLE	SHARED	NONE
3M COMPANY	COM	88579Y101	5,341	26,889	SH		SOLE		0	0	26,889
ABBOTT LABORATORIES	COM	002824100	7,829	67,531	SH		SOLE		0	0	67,531
ABBVIE INC	COM	00287Y109	9,309	82,645	SH		SOLE		0	0	82,645
AFFINITY BANCSHARES INC	COM	00832E103	233	18,000	SH		SOLE		0	0	18,000
AGENUS INC	COM	00847G705	116	21,100	SH		SOLE		0	0	21,100
ALLIANT ENERGY CORP	COM	018802108	875	15,686	SH		SOLE		0	0	15,686
ALPHABET INC CL C	COM	02079K107	234	93	SH		SOLE		0	0	93
ALTRIA GROUP INC	COM	02209S103	1,406	29,482	SH		SOLE		0	0	29,482
AMAZON COM	COM	023135106	1,913	556	SH		SOLE		0	0	556
APPLE INC	COM	037833100	5,566	40,642	SH		SOLE		0	0	40,642
AT&T INC	COM	00206R102	1,917	66,618	SH		SOLE		0	0	66,618
BANK OF AMERICA CORP	COM	060505104	5,218	126,547	SH		SOLE		0	0	126,547
BERKSHIRE HATHAWAY INC CL B	COM	084670702	3,066	11,032	SH		SOLE		0	0	11,032
BOEING CO	COM	097023105	5,519	23,040	SH		SOLE		0	0	23,040
BP PLC	COM	055622104	357	13,497	SH		SOLE		0	0	13,497
BRISTOL-MYERS SQUIBB CO	COM	110122108	572	8,566	SH		SOLE		0	0	8,566
CHEVRON CORP	COM	166764100	4,751	45,364	SH		SOLE		0	0	45,364
CINCINNATI FINL CORP	COM	172062101	659	5,654	SH		SOLE		0	0	5,654
CISCO SYSTEMS INC	COM	17275R102	8,073	152,311	SH		SOLE		0	0	152,311
COCA-COLA CO	COM	191216100	5,710	105,522	SH		SOLE		0	0	105,522
COLGATE-PALMOLIVE CO	COM	194162103	2,525	31,043	SH		SOLE		0	0	31,043
CSX CORP	COM	126408103	1,170	36,486	SH		SOLE		0	0	36,486
CVS CAREMARK CORP	COM	126650100	2,845	34,096	SH		SOLE		0	0	34,096
DISCOVER FINL SVCS	COM	254709108	3,761	31,795	SH		SOLE		0	0	31,795
DOW INC	COM	260557103	6,043	95,503	SH		SOLE		0	0	95,503
DUKE ENERGY CORP	COM	26441C204	3,152	31,933	SH		SOLE		0	0	31,933
EASTERN BANKSHARES	COM	27627N105	1,728	84,000	SH		SOLE		0	0	84,000
ELI LILLY & CO	COM	532457108	1,941	8,457	SH		SOLE		0	0	8,457
EMERSON ELEC CO	COM	291011104	8,126	84,436	SH		SOLE		0	0	84,436
EXXON MOBIL CORP	COM	30231G102	8,167	129,476	SH		SOLE		0	0	129,476
FACEBOOK INC	COM	30303M102	2,202	6,333	SH		SOLE		0	0	6,333
FIRST HORIZON NTNL CORP FRAC 1	COM	DCA517101	0	434,329	SH		SOLE		0	0	434,329
FIRST SVGS FINL GROUP INC	COM	33621E109	3,877	53,000	SH		SOLE		0	0	53,000
GENERAL ELEC CO	COM	369604103	661	49,084	SH		SOLE		0	0	49,084
GENERAL MILLS INC	COM	370334104	2,081	34,154	SH		SOLE		0	0	34,154
HOME DEPOT INC	COM	437076102	470	1,475	SH		SOLE		0	0	1,475
HONEYWELL INTL INC	COM	438516106	6,590	30,041	SH		SOLE		0	0	30,041
HUNTINGTON BANCSHARES INC	COM	446150104	450	31,550	SH		SOLE		0	0	31,550
IANTHUS CAPITAL HOLDINGS INC	COM	45074T102	2	10,000	SH		SOLE		0	0	10,000
ILLINOIS TOOL WORKS INC	COM	452308109	3,556	15,907	SH		SOLE		0	0	15,907
INTEL CORP	COM	458140100	11,772	209,682	SH		SOLE		0	0	209,682
INTL BUS MACHINES CORP	COM	459200101	7,403	50,500	SH		SOLE		0	0	50,500
INTL PAPER CO	COM	460146103	2,230	36,367	SH		SOLE		0	0	36,367
J P MORGAN CHASE & CO	COM	46625H100	7,908	50,840	SH		SOLE		0	0	50,840
JOHNSON & JOHNSON	COM	478160104	15,816	96,005	SH		SOLE		0	0	96,005
KEYCORP	COM	493267108	596	28,875	SH		SOLE		0	0	28,875
KIMBERLY-CLARK CORP	COM	494368103	2,314	17,300	SH		SOLE		0	0	17,300
LOCKHEED MARTIN CORP	COM	539830109	5,943	15,707	SH		SOLE		0	0	15,707
LOWES COMPANIES INC	COM	548661107	5,918	30,508	SH		SOLE		0	0	30,508
MARIJUANA COMPANY OF AMERICA	COM	56782E204	1	100,000	SH		SOLE		0	0	100,000
MCDONALDS CORP	COM	580135101	7,374	31,924	SH		SOLE		0	0	31,924
MERCK & CO INC	COM	58933Y105	7,756	99,735	SH		SOLE		0	0	99,735
MICROSOFT CORP	COM	594918104	34,651	127,912	SH		SOLE		0	0	127,912
NEXTERA ENERGY INC	COM	65339f101	4,465	60,925	SH		SOLE		0	0	60,925
NIKE INC	COM	654106103	478	3,095	SH		SOLE		0	0	3,095
OLD NATL BANCORP	COM	680033107	192	10,910	SH		SOLE		0	0	10,910
OZOP ENERGY SOLUTIONS INC	COM	692732209	2	30,303	SH		SOLE		0	0	30,303
PFIZER INC	COM	717081103	8,265	211,049	SH		SOLE		0	0	211,049
PHILIP MORRIS INTERNATIONAL IN	COM	718172109	1,644	16,589	SH		SOLE		0	0	16,589
PROCTER & GAMBLE CO	COM	742718109	13,257	98,248	SH		SOLE		0	0	98,248
RAYTHEON TECHNOLOGIES	COM	75513E101	2,371	27,795	SH		SOLE		0	0	27,795
REGIONS FINANCIAL CORP	COM	7591EP100	450	22,322	SH		SOLE		0	0	22,322
STRYKER CORP	COM	863667101	5,249	20,208	SH		SOLE		0	0	20,208
SUNDIAL GROWERS INC	COM	86730L109	9	10,000	SH		SOLE		0	0	10,000
SYSCO CORP	COM	871829107	5,025	64,627	SH		SOLE		0	0	64,627
TAIWAN SEMICONDUCTOR MFG CO AD	COM	874039100	231	1,920	SH		SOLE		0	0	1,920
TESLA MOTORS INC	COM	88160R101	705	1,038	SH		SOLE		0	0	1,038
TJX COMPANIES INC	COM	872540109	2,975	44,125	SH		SOLE		0	0	44,125
TOTALENERGIES SE	COM	89151E109	1,519	33,555	SH		SOLE		0	0	33,555
U S BANCORP	COM	902973304	4,930	86,530	SH		SOLE		0	0	86,530
UNITED PARCEL SERVICE INC	COM	911312106	13,122	63,098	SH		SOLE		0	0	63,098
VERIZON COMMUNICATIONS INC	COM	92343V104	2,847	50,820	SH		SOLE		0	0	50,820
WAL-MART STORES INC	COM	931142103	10,911	77,370	SH		SOLE		0	0	77,370
WALGREENS BOOTS ALLIANCE INC	COM	931427108	2,424	46,073	SH		SOLE		0	0	46,073
WALT DISNEY CO	COM	254687106	7,215	41,049	SH		SOLE		0	0	41,049
WELLS FARGO & CO	COM	949746101	459	10,144	SH		SOLE		0	0	10,144
WILLIAM PENN BANCORPORATION	COM	96927A105	119	10,000	SH		SOLE		0	0	10,000
ISHARES CORE MSCI TOTAL INTERN	ETF	46432F834	1,972	26,904	SH		SOLE		0	0	26,904
ISHARES CORE S&P 500 INDEX	ETF	464287200	15,331	35,659	SH		SOLE		0	0	35,659
ISHARES CORE S&P MIDCAP 400 IN	ETF	464287507	14,743	54,862	SH		SOLE		0	0	54,862
ISHARES CORE S&P TOTAL US STOC	ETF	464287150	5,127	51,911	SH		SOLE		0	0	51,911
ISHARES RUSSELL 2000 INDEX	ETF	464287655	642	2,800	SH		SOLE		0	0	2,800
ISHARES RUSSELL MIDCAP ETF	ETF	464287499	813	10,255	SH		SOLE		0	0	10,255
ISHARES S&P 500 VALUE INDEX	ETF	464287408	4,056	27,472	SH		SOLE		0	0	27,472
ISHARES S&P SMALLCAP 600 INDEX	ETF	464287804	4,340	38,416	SH		SOLE		0	0	38,416
VANGUARD TOTAL STOCK MARKET IN	ETF	922908769	268	1,205	SH		SOLE		0	0	1,205
CONSUMER DISCRETIONARY SELECT	ETF	81369Y407	478	2,675	SH		SOLE		0	0	2,675
CONSUMER STAPLES SELECT SECTOR	ETF	81369Y308	296	4,225	SH		SOLE		0	0	4,225
FIDELITY MCSI ENERGY INDEX	ETF	316092402	681	46,162	SH		SOLE		0	0	46,162
FIDELITY MCSI INFORMATION TECH	ETF	316092808	2,029	17,226	SH		SOLE		0	0	17,226
FIDELITY MCSI MATERIALS INDEX	ETF	316092881	321	6,957	SH		SOLE		0	0	6,957
FIDELITY MSCI CONSUMER DISCRET	ETF	316092204	1,111	13,697	SH		SOLE		0	0	13,697
FIDELITY MSCI CONSUMER STAPLES	ETF	316092303	785	18,432	SH		SOLE		0	0	18,432
FIDELITY MSCI FINANCIALS INDEX	ETF	316092501	1,167	22,295	SH		SOLE		0	0	22,295
FIDELITY MSCI HEALTHCARE INDEX	ETF	316092600	1,441	22,613	SH		SOLE		0	0	22,613
FIDELITY MSCI INDUSTRIALS INDE	ETF	316092709	1,472	27,136	SH		SOLE		0	0	27,136
FIDELITY MSCI TELECOMMUNICATIO	ETF	316092873	941	17,271	SH		SOLE		0	0	17,271
FIDELITY MSCI UTILITIES INDEX	ETF	316092865	302	7,366	SH		SOLE		0	0	7,366
FINANCIAL SELECT SECTOR SPDR	ETF	81369Y605	563	15,350	SH		SOLE		0	0	15,350
HEALTH CARE SELECT SECTOR SPDR	ETF	81369Y209	493	3,915	SH		SOLE		0	0	3,915
INDUSTRIAL SELECT SECTOR SPDR	ETF	81369Y704	678	6,625	SH		SOLE		0	0	6,625
S & P 500 SPDR	ETF	78462F103	235	549	SH		SOLE		0	0	549
SPDR S&P 600 SMALL CAP	ETF	78464A813	489	5,000	SH		SOLE		0	0	5,000
SPDR S&P MID CAP 400 ETF	ETF	78467Y107	830	1,690	SH		SOLE		0	0	1,690
TECHNOLOGY SELECT SECTOR SPDR	ETF	81369Y803	1,539	10,425	SH		SOLE		0	0	10,425