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	2,247	21,382	SH		SOLE		0	0	21,382
ABBOTT LABORATORIES	COM	002824100	6,290	62,112	SH		SOLE		0	0	62,112
ABBVIE INC	COM	00287Y109	12,399	77,803	SH		SOLE		0	0	77,803
AFFINITY BANCSHARES INC	COM	00832E103	172	12,000	SH		SOLE		0	0	12,000
AGENUS INC	COM	00847G705	71	46,780	SH		SOLE		0	0	46,780
ALLIANT ENERGY CORP	COM	018802108	555	10,393	SH		SOLE		0	0	10,393
ALPHABET INC (GOOGLE)	COM	02079K305	1,839	17,733	SH		SOLE		0	0	17,733
ALTRIA GROUP INC	COM	02209S103	1,460	32,725	SH		SOLE		0	0	32,725
AMAZON COM	COM	023135106	1,093	10,579	SH		SOLE		0	0	10,579
AMMPOWER CORP	COM	03169D102	2	10,000	SH		SOLE		0	0	10,000
APPLE INC	COM	037833100	7,966	48,309	SH		SOLE		0	0	48,309
BANK OF AMERICA CORP	COM	060505104	4,061	141,995	SH		SOLE		0	0	141,995
BERKSHIRE HATHAWAY INC CL B	COM	084670702	3,777	12,231	SH		SOLE		0	0	12,231
BOEING CO	COM	097023105	4,335	20,405	SH		SOLE		0	0	20,405
BRISTOL-MYERS SQUIBB CO	COM	110122108	602	8,690	SH		SOLE		0	0	8,690
CHEVRON CORP	COM	166764100	8,277	50,727	SH		SOLE		0	0	50,727
CINCINNATI FINL CORP	COM	172062101	633	5,649	SH		SOLE		0	0	5,649
CISCO SYSTEMS INC	COM	17275R102	8,252	157,850	SH		SOLE		0	0	157,850
COCA-COLA CO	COM	191216100	6,596	106,336	SH		SOLE		0	0	106,336
COLGATE-PALMOLIVE CO	COM	194162103	2,343	31,176	SH		SOLE		0	0	31,176
COSTCO WHSL CORP	COM	22160K105	239	482	SH		SOLE		0	0	482
CSX CORP	COM	126408103	663	22,143	SH		SOLE		0	0	22,143
CVS CAREMARK CORP	COM	126650100	3,081	41,464	SH		SOLE		0	0	41,464
DISCOVER FINL SVCS	COM	254709108	3,726	37,700	SH		SOLE		0	0	37,700
DOW INC	COM	260557103	5,079	92,641	SH		SOLE		0	0	92,641
DUKE ENERGY CORP	COM	26441C204	3,167	32,826	SH		SOLE		0	0	32,826
EASTERN BANKSHARES	COM	27627N105	473	37,500	SH		SOLE		0	0	37,500
ECB BANCORP INC	COM	26828M106	217	15,625	SH		SOLE		0	0	15,625
ELI LILLY & CO	COM	532457108	2,767	8,057	SH		SOLE		0	0	8,057
EMERSON ELEC CO	COM	291011104	7,209	82,732	SH		SOLE		0	0	82,732
EXXON MOBIL CORP	COM	30231G102	13,778	125,644	SH		SOLE		0	0	125,644
FIRST HORIZON NTNL CORP FRAC 1	COM	DCA517101	0	434,329	SH		SOLE		0	0	434,329
FIRST SVGS FINL GROUP INC	COM	33621E109	2,462	153,000	SH		SOLE		0	0	153,000
FORD MOTOR CO	COM	345370860	134	10,619	SH		SOLE		0	0	10,619
GENERAL ELEC CO	COM	369604301	383	4,009	SH		SOLE		0	0	4,009
GENERAL MILLS INC	COM	370334104	3,237	37,875	SH		SOLE		0	0	37,875
HOME DEPOT INC	COM	437076102	441	1,493	SH		SOLE		0	0	1,493
HONEYWELL INTL INC	COM	438516106	5,272	27,584	SH		SOLE		0	0	27,584
HUNTINGTON BANCSHARES INC	COM	446150104	353	31,551	SH		SOLE		0	0	31,551
ILLINOIS TOOL WORKS INC	COM	452308109	3,913	16,075	SH		SOLE		0	0	16,075
INTEL CORP	COM	458140100	3,851	117,873	SH		SOLE		0	0	117,873
INTERNATIONAL PAPER CO	COM	460146103	1,029	28,530	SH		SOLE		0	0	28,530
INTL BUS MACHINES CORP	COM	459200101	6,249	47,670	SH		SOLE		0	0	47,670
J P MORGAN CHASE & CO	COM	46625H100	7,794	59,809	SH		SOLE		0	0	59,809
JOHNSON & JOHNSON	COM	478160104	14,693	94,793	SH		SOLE		0	0	94,793
KEYCORP	COM	493267108	336	26,865	SH		SOLE		0	0	26,865
KIMBERLY-CLARK CORP	COM	494368103	2,449	18,250	SH		SOLE		0	0	18,250
LOCKHEED MARTIN CORP	COM	539830109	7,783	16,464	SH		SOLE		0	0	16,464
LOWES COMPANIES INC	COM	548661107	5,190	25,956	SH		SOLE		0	0	25,956
MARIJUANA COMPANY OF AMERICA	COM	56782E204	0	100,000	SH		SOLE		0	0	100,000
MCDONALDS CORP	COM	580135101	9,277	33,179	SH		SOLE		0	0	33,179
MERCK & CO INC	COM	58933Y105	10,620	99,824	SH		SOLE		0	0	99,824
META PLATFORMS INC	COM	30303M102	293	1,380	SH		SOLE		0	0	1,380
MICROSOFT CORP	COM	594918104	33,307	115,529	SH		SOLE		0	0	115,529
NEXTERA ENERGY INC	COM	65339f101	4,328	56,143	SH		SOLE		0	0	56,143
NIKE INC	COM	654106103	392	3,198	SH		SOLE		0	0	3,198
NORTHEAST CMNTY BANCORP INC	COM	664121100	246	18,751	SH		SOLE		0	0	18,751
OLD NATL BANCORP	COM	680033107	170	11,813	SH		SOLE		0	0	11,813
PFIZER INC	COM	717081103	8,098	198,479	SH		SOLE		0	0	198,479
PHILIP MORRIS INTERNATIONAL IN	COM	718172109	1,673	17,205	SH		SOLE		0	0	17,205
PROCTER & GAMBLE CO	COM	742718109	14,013	94,244	SH		SOLE		0	0	94,244
RAYTHEON TECHNOLOGIES	COM	75513E101	3,018	30,823	SH		SOLE		0	0	30,823
REGIONS FINANCIAL CORP	COM	7591EP100	415	22,342	SH		SOLE		0	0	22,342
STRYKER CORP	COM	863667101	5,511	19,305	SH		SOLE		0	0	19,305
SYSCO CORP	COM	871829107	5,112	66,197	SH		SOLE		0	0	66,197
TESLA MOTORS INC	COM	88160R101	555	2,676	SH		SOLE		0	0	2,676
TEXAS INSTRUMENTS INC	COM	882508104	4,711	25,327	SH		SOLE		0	0	25,327
TJX COMPANIES INC	COM	872540109	3,451	44,038	SH		SOLE		0	0	44,038
TOTALENERGIES SE	COM	89151E109	2,015	34,124	SH		SOLE		0	0	34,124
U S BANCORP	COM	902973304	3,016	83,650	SH		SOLE		0	0	83,650
UNION PACIFIC CORP	COM	907818108	732	3,636	SH		SOLE		0	0	3,636
UNITED PARCEL SERVICE INC	COM	911312106	12,133	62,543	SH		SOLE		0	0	62,543
VERIZON COMMUNICATIONS INC	COM	92343V104	1,313	33,759	SH		SOLE		0	0	33,759
WAL-MART STORES INC	COM	931142103	10,938	74,178	SH		SOLE		0	0	74,178
WALGREENS BOOTS ALLIANCE INC	COM	931427108	1,064	30,756	SH		SOLE		0	0	30,756
WALT DISNEY CO	COM	254687106	3,671	36,662	SH		SOLE		0	0	36,662
WELLS FARGO & CO	COM	949746101	266	7,125	SH		SOLE		0	0	7,125
ISHARES CORE MSCI TOTAL INTERN	ETF	46432F834	662	10,679	SH		SOLE		0	0	10,679
ISHARES CORE S&P 500 INDEX	ETF	464287200	14,508	35,293	SH		SOLE		0	0	35,293
ISHARES CORE S&P MIDCAP 400 IN	ETF	464287507	14,639	58,520	SH		SOLE		0	0	58,520
ISHARES CORE S&P TOTAL US STOC	ETF	464287150	5,073	56,021	SH		SOLE		0	0	56,021
ISHARES RUSSELL 2000 INDEX	ETF	464287655	464	2,600	SH		SOLE		0	0	2,600
ISHARES S&P 500 VALUE INDEX	ETF	464287408	542	3,569	SH		SOLE		0	0	3,569
ISHARES S&P SMALLCAP 600 INDEX	ETF	464287804	3,899	40,324	SH		SOLE		0	0	40,324
SPDR PORTFOLIO S&P 500 VALUE E	ETF	78464A508	5,209	127,914	SH		SOLE		0	0	127,914
SPDR S&P 500 ETF	ETF	78462F103	233	570	SH		SOLE		0	0	570
SPDR S&P 600 SMALL CAP	ETF	78464A813	420	5,000	SH		SOLE		0	0	5,000
SPDR S&P MID CAP 400 ETF	ETF	78467Y107	884	1,928	SH		SOLE		0	0	1,928
VANGUARD S&P 500 VALUE INDEX F	ETF	921932703	309	2,105	SH		SOLE		0	0	2,105
VANGUARD TOTAL INTL STOCK INDE	ETF	921909768	687	12,435	SH		SOLE		0	0	12,435
VANGUARD TOTAL STOCK MARKET IN	ETF	922908769	292	1,429	SH		SOLE		0	0	1,429
CONSUMER DISCRETIONARY SELECT	ETF	81369Y407	455	3,043	SH		SOLE		0	0	3,043
CONSUMER STAPLES SELECT SECTOR	ETF	81369Y308	316	4,224	SH		SOLE		0	0	4,224
FIDELITY MCSI ENERGY INDEX	ETF	316092402	1,107	49,343	SH		SOLE		0	0	49,343
FIDELITY MCSI INFORMATION TECH	ETF	316092808	1,864	16,356	SH		SOLE		0	0	16,356
FIDELITY MCSI MATERIALS INDEX	ETF	316092881	299	6,558	SH		SOLE		0	0	6,558
FIDELITY MSCI CONSUMER DISCRET	ETF	316092204	809	12,352	SH		SOLE		0	0	12,352
FIDELITY MSCI CONSUMER STAPLES	ETF	316092303	869	19,250	SH		SOLE		0	0	19,250
FIDELITY MSCI FINANCIALS INDEX	ETF	316092501	1,191	26,418	SH		SOLE		0	0	26,418
FIDELITY MSCI HEALTHCARE INDEX	ETF	316092600	1,397	22,732	SH		SOLE		0	0	22,732
FIDELITY MSCI INDUSTRIALS INDE	ETF	316092709	1,548	29,263	SH		SOLE		0	0	29,263
FIDELITY MSCI TELECOMMUNICATIO	ETF	316092873	617	16,852	SH		SOLE		0	0	16,852
FIDELITY MSCI UTILITIES INDEX	ETF	316092865	370	8,443	SH		SOLE		0	0	8,443
FINANCIAL SELECT SECTOR SPDR	ETF	81369Y605	485	15,100	SH		SOLE		0	0	15,100
HEALTH CARE SELECT SECTOR SPDR	ETF	81369Y209	498	3,850	SH		SOLE		0	0	3,850
INDUSTRIAL SELECT SECTOR SPDR	ETF	81369Y704	687	6,790	SH		SOLE		0	0	6,790
TECHNOLOGY SELECT SECTOR SPDR	ETF	81369Y803	1,607	10,644	SH		SOLE		0	0	10,644