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	4,760	27,137	SH		SOLE		0	0	27,137
ABBOTT LABORATORIES	COM	002824100	7,918	67,030	SH		SOLE		0	0	67,030
ABBVIE INC	COM	00287Y109	8,916	82,660	SH		SOLE		0	0	82,660
AFFINITY BANCSHARES INC	COM	00832E103	247	17,550	SH		SOLE		0	0	17,550
AGENUS INC	COM	00847G705	139	26,493	SH		SOLE		0	0	26,493
ALLIANT ENERGY CORP	COM	018802108	828	14,786	SH		SOLE		0	0	14,786
ALPHABET INC CL C	COM	02079K107	249	93	SH		SOLE		0	0	93
ALTRIA GROUP INC	COM	02209S103	1,347	29,602	SH		SOLE		0	0	29,602
AMAZON COM	COM	023135106	1,807	550	SH		SOLE		0	0	550
APPLE INC	COM	037833100	5,965	42,157	SH		SOLE		0	0	42,157
AT&T INC	COM	00206R102	1,721	63,714	SH		SOLE		0	0	63,714
BANK OF AMERICA CORP	COM	060505104	5,391	127,003	SH		SOLE		0	0	127,003
BERKSHIRE HATHAWAY INC CL B	COM	084670702	3,029	11,097	SH		SOLE		0	0	11,097
BOEING CO	COM	097023105	4,504	20,480	SH		SOLE		0	0	20,480
BP PLC	COM	055622104	202	7,387	SH		SOLE		0	0	7,387
BRISTOL-MYERS SQUIBB CO	COM	110122108	507	8,566	SH		SOLE		0	0	8,566
CHEVRON CORP	COM	166764100	4,644	45,771	SH		SOLE		0	0	45,771
CINCINNATI FINL CORP	COM	172062101	646	5,654	SH		SOLE		0	0	5,654
CISCO SYSTEMS INC	COM	17275R102	8,281	152,145	SH		SOLE		0	0	152,145
COCA-COLA CO	COM	191216100	5,527	105,337	SH		SOLE		0	0	105,337
COLGATE-PALMOLIVE CO	COM	194162103	2,302	30,453	SH		SOLE		0	0	30,453
CSX CORP	COM	126408103	1,085	36,488	SH		SOLE		0	0	36,488
CVS CAREMARK CORP	COM	126650100	3,066	36,127	SH		SOLE		0	0	36,127
DISCOVER FINL SVCS	COM	254709108	4,045	32,925	SH		SOLE		0	0	32,925
DOW INC	COM	260557103	5,499	95,533	SH		SOLE		0	0	95,533
DUKE ENERGY CORP	COM	26441C204	3,139	32,168	SH		SOLE		0	0	32,168
EASTERN BANKSHARES	COM	27627N105	1,705	84,000	SH		SOLE		0	0	84,000
ELI LILLY & CO	COM	532457108	1,954	8,457	SH		SOLE		0	0	8,457
EMERSON ELEC CO	COM	291011104	7,974	84,650	SH		SOLE		0	0	84,650
EXXON MOBIL CORP	COM	30231G102	7,539	128,173	SH		SOLE		0	0	128,173
FACEBOOK INC	COM	30303M102	2,389	7,040	SH		SOLE		0	0	7,040
FIRST HORIZON NTNL CORP FRAC 1	COM	DCA517101	0	434,329	SH		SOLE		0	0	434,329
FIRST SVGS FINL GROUP INC	COM	33621E109	4,362	156,000	SH		SOLE		0	0	156,000
GENERAL ELEC CO	COM	369604301	648	6,285	SH		SOLE		0	0	6,285
GENERAL MILLS INC	COM	370334104	2,017	33,715	SH		SOLE		0	0	33,715
HOME DEPOT INC	COM	437076102	487	1,483	SH		SOLE		0	0	1,483
HONEYWELL INTL INC	COM	438516106	6,326	29,798	SH		SOLE		0	0	29,798
HUNTINGTON BANCSHARES INC	COM	446150104	488	31,550	SH		SOLE		0	0	31,550
ILLINOIS TOOL WORKS INC	COM	452308109	3,221	15,587	SH		SOLE		0	0	15,587
INTEL CORP	COM	458140100	11,065	207,682	SH		SOLE		0	0	207,682
INTL BUS MACHINES CORP	COM	459200101	6,908	49,723	SH		SOLE		0	0	49,723
INTL PAPER CO	COM	460146103	2,081	37,209	SH		SOLE		0	0	37,209
J P MORGAN CHASE & CO	COM	46625H100	8,437	51,541	SH		SOLE		0	0	51,541
JOHNSON & JOHNSON	COM	478160104	15,503	95,992	SH		SOLE		0	0	95,992
KEYCORP	COM	493267108	624	28,875	SH		SOLE		0	0	28,875
KIMBERLY-CLARK CORP	COM	494368103	2,292	17,309	SH		SOLE		0	0	17,309
LOCKHEED MARTIN CORP	COM	539830109	5,421	15,708	SH		SOLE		0	0	15,708
LOWES COMPANIES INC	COM	548661107	6,202	30,575	SH		SOLE		0	0	30,575
MARIJUANA COMPANY OF AMERICA	COM	56782E204	0	100,000	SH		SOLE		0	0	100,000
MCDONALDS CORP	COM	580135101	7,985	33,117	SH		SOLE		0	0	33,117
MERCK & CO INC	COM	58933Y105	7,677	102,208	SH		SOLE		0	0	102,208
MICROSOFT CORP	COM	594918104	35,408	125,596	SH		SOLE		0	0	125,596
NEXTERA ENERGY INC	COM	65339f101	4,645	59,152	SH		SOLE		0	0	59,152
NIKE INC	COM	654106103	449	3,095	SH		SOLE		0	0	3,095
NORTHEAST CMNTY BANCORP INC	COM	664121100	600	55,068	SH		SOLE		0	0	55,068
OLD NATL BANCORP	COM	680033107	170	10,052	SH		SOLE		0	0	10,052
OZOP ENERGY SOLUTIONS INC	COM	692732209	1	30,303	SH		SOLE		0	0	30,303
PFIZER INC	COM	717081103	9,192	213,722	SH		SOLE		0	0	213,722
PHILIP MORRIS INTERNATIONAL IN	COM	718172109	1,596	16,842	SH		SOLE		0	0	16,842
PROCTER & GAMBLE CO	COM	742718109	13,623	97,444	SH		SOLE		0	0	97,444
RAYTHEON TECHNOLOGIES	COM	75513E101	2,360	27,454	SH		SOLE		0	0	27,454
REGIONS FINANCIAL CORP	COM	7591EP100	477	22,380	SH		SOLE		0	0	22,380
STRYKER CORP	COM	863667101	5,373	20,374	SH		SOLE		0	0	20,374
SYSCO CORP	COM	871829107	5,045	64,269	SH		SOLE		0	0	64,269
TAIWAN SEMICONDUCTOR MFG CO AD	COM	874039100	214	1,920	SH		SOLE		0	0	1,920
TESLA MOTORS INC	COM	88160R101	805	1,038	SH		SOLE		0	0	1,038
TJX COMPANIES INC	COM	872540109	2,882	43,680	SH		SOLE		0	0	43,680
TOTALENERGIES SE	COM	89151E109	1,599	33,355	SH		SOLE		0	0	33,355
U S BANCORP	COM	902973304	5,225	87,899	SH		SOLE		0	0	87,899
UNITED PARCEL SERVICE INC	COM	911312106	11,456	62,911	SH		SOLE		0	0	62,911
VERIZON COMMUNICATIONS INC	COM	92343V104	2,685	49,710	SH		SOLE		0	0	49,710
WAL-MART STORES INC	COM	931142103	10,720	76,911	SH		SOLE		0	0	76,911
WALGREENS BOOTS ALLIANCE INC	COM	931427108	2,098	44,583	SH		SOLE		0	0	44,583
WALT DISNEY CO	COM	254687106	6,850	40,490	SH		SOLE		0	0	40,490
WELLS FARGO & CO	COM	949746101	457	9,839	SH		SOLE		0	0	9,839
WILLIAM PENN BANCORPORATION	COM	96927A105	122	10,000	SH		SOLE		0	0	10,000
ISHARES CORE MSCI TOTAL INTERN	ETF	46432F834	1,975	27,819	SH		SOLE		0	0	27,819
ISHARES CORE S&P 500 INDEX	ETF	464287200	15,043	34,916	SH		SOLE		0	0	34,916
ISHARES CORE S&P MIDCAP 400 IN	ETF	464287507	14,805	56,279	SH		SOLE		0	0	56,279
ISHARES CORE S&P TOTAL US STOC	ETF	464287150	5,168	52,527	SH		SOLE		0	0	52,527
ISHARES RUSSELL 2000 INDEX	ETF	464287655	591	2,700	SH		SOLE		0	0	2,700
ISHARES RUSSELL MIDCAP ETF	ETF	464287499	786	10,048	SH		SOLE		0	0	10,048
ISHARES S&P 500 VALUE INDEX	ETF	464287408	4,410	30,327	SH		SOLE		0	0	30,327
ISHARES S&P SMALLCAP 600 INDEX	ETF	464287804	4,280	39,194	SH		SOLE		0	0	39,194
VANGUARD TOTAL STOCK MARKET IN	ETF	922908769	268	1,205	SH		SOLE		0	0	1,205
CONSUMER DISCRETIONARY SELECT	ETF	81369Y407	477	2,660	SH		SOLE		0	0	2,660
CONSUMER STAPLES SELECT SECTOR	ETF	81369Y308	291	4,225	SH		SOLE		0	0	4,225
FIDELITY MCSI ENERGY INDEX	ETF	316092402	682	47,316	SH		SOLE		0	0	47,316
FIDELITY MCSI INFORMATION TECH	ETF	316092808	1,928	16,254	SH		SOLE		0	0	16,254
FIDELITY MCSI MATERIALS INDEX	ETF	316092881	296	6,676	SH		SOLE		0	0	6,676
FIDELITY MSCI CONSUMER DISCRET	ETF	316092204	1,017	12,665	SH		SOLE		0	0	12,665
FIDELITY MSCI CONSUMER STAPLES	ETF	316092303	772	18,450	SH		SOLE		0	0	18,450
FIDELITY MSCI FINANCIALS INDEX	ETF	316092501	1,201	22,368	SH		SOLE		0	0	22,368
FIDELITY MSCI HEALTHCARE INDEX	ETF	316092600	1,389	21,766	SH		SOLE		0	0	21,766
FIDELITY MSCI INDUSTRIALS INDE	ETF	316092709	1,392	26,829	SH		SOLE		0	0	26,829
FIDELITY MSCI REAL ESTATE INDE	ETF	316092857	211	6,934	SH		SOLE		0	0	6,934
FIDELITY MSCI TELECOMMUNICATIO	ETF	316092873	915	17,128	SH		SOLE		0	0	17,128
FIDELITY MSCI UTILITIES INDEX	ETF	316092865	303	7,366	SH		SOLE		0	0	7,366
FINANCIAL SELECT SECTOR SPDR	ETF	81369Y605	570	15,200	SH		SOLE		0	0	15,200
HEALTH CARE SELECT SECTOR SPDR	ETF	81369Y209	495	3,890	SH		SOLE		0	0	3,890
INDUSTRIAL SELECT SECTOR SPDR	ETF	81369Y704	646	6,600	SH		SOLE		0	0	6,600
S & P 500 SPDR	ETF	78462F103	236	549	SH		SOLE		0	0	549
SPDR S&P 600 SMALL CAP	ETF	78464A813	474	5,000	SH		SOLE		0	0	5,000
SPDR S&P MID CAP 400 ETF	ETF	78467Y107	813	1,690	SH		SOLE		0	0	1,690
TECHNOLOGY SELECT SECTOR SPDR	ETF	81369Y803	1,519	10,175	SH		SOLE		0	0	10,175