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	2,532	25,297	SH		SOLE		0	0	25,297
ABBOTT LABORATORIES	COM	002824100	6,654	61,038	SH		SOLE		0	0	61,038
ABBVIE INC	COM	00287Y109	10,313	76,546	SH		SOLE		0	0	76,546
AGENUS INC	COM	00847G705	75	46,780	SH		SOLE		0	0	46,780
ALLIANT ENERGY CORP	COM	018802108	532	10,128	SH		SOLE		0	0	10,128
ALPHABET INC (GOOGLE)	COM	02079K305	2,827	23,617	SH		SOLE		0	0	23,617
ALTRIA GROUP INC	COM	02209S103	1,467	32,386	SH		SOLE		0	0	32,386
AMAZON COM	COM	023135106	1,409	10,809	SH		SOLE		0	0	10,809
AMMPOWER CORP	COM	03169D102	1	10,000	SH		SOLE		0	0	10,000
APPLE INC	COM	037833100	9,191	47,382	SH		SOLE		0	0	47,382
BANK OF AMERICA CORP	COM	060505104	4,302	149,936	SH		SOLE		0	0	149,936
BERKSHIRE HATHAWAY INC CL B	COM	084670702	4,185	12,273	SH		SOLE		0	0	12,273
BOEING CO	COM	097023105	4,136	19,587	SH		SOLE		0	0	19,587
BRISTOL-MYERS SQUIBB CO	COM	110122108	553	8,642	SH		SOLE		0	0	8,642
CHEVRON CORP	COM	166764100	8,049	51,153	SH		SOLE		0	0	51,153
CINCINNATI FINL CORP	COM	172062101	550	5,649	SH		SOLE		0	0	5,649
CISCO SYSTEMS INC	COM	17275R102	7,989	154,407	SH		SOLE		0	0	154,407
COCA-COLA CO	COM	191216100	6,347	105,400	SH		SOLE		0	0	105,400
COLGATE-PALMOLIVE CO	COM	194162103	2,355	30,566	SH		SOLE		0	0	30,566
CSX CORP	COM	126408103	730	21,393	SH		SOLE		0	0	21,393
CVS CAREMARK CORP	COM	126650100	2,365	34,216	SH		SOLE		0	0	34,216
DISCOVER FINL SVCS	COM	254709108	4,516	38,648	SH		SOLE		0	0	38,648
DOW INC	COM	260557103	4,668	87,646	SH		SOLE		0	0	87,646
DUKE ENERGY CORP	COM	26441C204	2,896	32,270	SH		SOLE		0	0	32,270
EASTERN BANKSHARES	COM	27627N105	448	36,500	SH		SOLE		0	0	36,500
ECB BANCORP INC	COM	26828M106	170	13,000	SH		SOLE		0	0	13,000
ELI LILLY & CO	COM	532457108	3,615	7,709	SH		SOLE		0	0	7,709
EMERSON ELEC CO	COM	291011104	7,566	83,705	SH		SOLE		0	0	83,705
EXXON MOBIL CORP	COM	30231G102	13,363	124,592	SH		SOLE		0	0	124,592
FIRST HORIZON NTNL CORP FRAC 1	COM	DCA517101	0	434,329	SH		SOLE		0	0	434,329
FIRST SVGS FINL GROUP INC	COM	33621E109	2,027	153,000	SH		SOLE		0	0	153,000
GENERAL ELEC CO	COM	369604301	430	3,913	SH		SOLE		0	0	3,913
GENERAL MILLS INC	COM	370334104	2,855	37,225	SH		SOLE		0	0	37,225
HOME DEPOT INC	COM	437076102	464	1,493	SH		SOLE		0	0	1,493
HONEYWELL INTL INC	COM	438516106	5,706	27,497	SH		SOLE		0	0	27,497
HUNTINGTON BANCSHARES INC	COM	446150104	313	29,051	SH		SOLE		0	0	29,051
ILLINOIS TOOL WORKS INC	COM	452308109	3,954	15,808	SH		SOLE		0	0	15,808
INTEL CORP	COM	458140100	2,837	84,833	SH		SOLE		0	0	84,833
INTERNATIONAL PAPER CO	COM	460146103	690	21,688	SH		SOLE		0	0	21,688
INTL BUS MACHINES CORP	COM	459200101	6,409	47,895	SH		SOLE		0	0	47,895
J P MORGAN CHASE & CO	COM	46625H100	8,734	60,053	SH		SOLE		0	0	60,053
JOHNSON & JOHNSON	COM	478160104	15,625	94,399	SH		SOLE		0	0	94,399
KEYCORP	COM	493267108	227	24,565	SH		SOLE		0	0	24,565
KIMBERLY-CLARK CORP	COM	494368103	2,510	18,184	SH		SOLE		0	0	18,184
LOCKHEED MARTIN CORP	COM	539830109	7,668	16,656	SH		SOLE		0	0	16,656
LOWES COMPANIES INC	COM	548661107	5,829	25,825	SH		SOLE		0	0	25,825
MARIJUANA COMPANY OF AMERICA	COM	56782E204	0	100,000	SH		SOLE		0	0	100,000
MCDONALDS CORP	COM	580135101	9,778	32,767	SH		SOLE		0	0	32,767
MERCK & CO INC	COM	58933Y105	11,480	99,488	SH		SOLE		0	0	99,488
META PLATFORMS INC	COM	30303M102	418	1,456	SH		SOLE		0	0	1,456
MICROSOFT CORP	COM	594918104	38,524	113,125	SH		SOLE		0	0	113,125
NEXTERA ENERGY INC	COM	65339f101	4,505	60,712	SH		SOLE		0	0	60,712
NIKE INC	COM	654106103	243	2,199	SH		SOLE		0	0	2,199
NORTHEAST CMNTY BANCORP INC	COM	664121100	223	15,001	SH		SOLE		0	0	15,001
OLD NATL BANCORP	COM	680033107	143	10,235	SH		SOLE		0	0	10,235
PFIZER INC	COM	717081103	7,104	193,681	SH		SOLE		0	0	193,681
PHILIP MORRIS INTERNATIONAL IN	COM	718172109	1,677	17,181	SH		SOLE		0	0	17,181
PROCTER & GAMBLE CO	COM	742718109	14,378	94,752	SH		SOLE		0	0	94,752
RAYTHEON TECHNOLOGIES	COM	75513E101	3,007	30,695	SH		SOLE		0	0	30,695
REGIONS FINANCIAL CORP	COM	7591EP100	353	19,837	SH		SOLE		0	0	19,837
STRYKER CORP	COM	863667101	5,577	18,280	SH		SOLE		0	0	18,280
SYSCO CORP	COM	871829107	4,837	65,187	SH		SOLE		0	0	65,187
TESLA MOTORS INC	COM	88160R101	700	2,676	SH		SOLE		0	0	2,676
TEXAS INSTRUMENTS INC	COM	882508104	4,917	27,313	SH		SOLE		0	0	27,313
TJX COMPANIES INC	COM	872540109	3,709	43,749	SH		SOLE		0	0	43,749
TOTALENERGIES SE	COM	89151E109	1,955	33,914	SH		SOLE		0	0	33,914
U S BANCORP	COM	902973304	1,770	53,576	SH		SOLE		0	0	53,576
UNION PACIFIC CORP	COM	907818108	994	4,856	SH		SOLE		0	0	4,856
UNITED PARCEL SERVICE INC	COM	911312106	11,059	61,694	SH		SOLE		0	0	61,694
VERIZON COMMUNICATIONS INC	COM	92343V104	1,151	30,945	SH		SOLE		0	0	30,945
WAL-MART STORES INC	COM	931142103	11,810	75,139	SH		SOLE		0	0	75,139
WALGREENS BOOTS ALLIANCE INC	COM	931427108	938	32,909	SH		SOLE		0	0	32,909
WALT DISNEY CO	COM	254687106	3,119	34,931	SH		SOLE		0	0	34,931
WELLS FARGO & CO	COM	949746101	304	7,125	SH		SOLE		0	0	7,125
ISHARES CORE S&P 500 INDEX	ETF	464287200	15,613	35,030	SH		SOLE		0	0	35,030
ISHARES CORE S&P MIDCAP 400 IN	ETF	464287507	15,191	58,096	SH		SOLE		0	0	58,096
ISHARES CORE S&P TOTAL US STOC	ETF	464287150	5,421	55,405	SH		SOLE		0	0	55,405
ISHARES RUSSELL 2000 INDEX	ETF	464287655	487	2,600	SH		SOLE		0	0	2,600
ISHARES S&P 500 VALUE INDEX	ETF	464287408	557	3,456	SH		SOLE		0	0	3,456
ISHARES S&P SMALLCAP 600 INDEX	ETF	464287804	4,042	40,566	SH		SOLE		0	0	40,566
SPDR PORTFOLIO S&P 500 VALUE E	ETF	78464A508	5,498	127,271	SH		SOLE		0	0	127,271
SPDR PORTFOLIO S&P 600 SMALL C	ETF	78468R853	440	11,327	SH		SOLE		0	0	11,327
SPDR S&P 500 ETF	ETF	78462F103	246	556	SH		SOLE		0	0	556
SPDR S&P MID CAP 400 ETF	ETF	78467Y107	923	1,928	SH		SOLE		0	0	1,928
VANGUARD S&P 500 VALUE INDEX F	ETF	921932703	336	2,155	SH		SOLE		0	0	2,155
VANGUARD TOTAL INTL STOCK INDE	ETF	921909768	1,392	24,824	SH		SOLE		0	0	24,824
VANGUARD TOTAL STOCK MARKET IN	ETF	922908769	315	1,429	SH		SOLE		0	0	1,429
CONSUMER DISCRETIONARY SELECT	ETF	81369Y407	512	3,015	SH		SOLE		0	0	3,015
CONSUMER STAPLES SELECT SECTOR	ETF	81369Y308	310	4,182	SH		SOLE		0	0	4,182
FIDELITY MCSI ENERGY INDEX	ETF	316092402	1,071	48,335	SH		SOLE		0	0	48,335
FIDELITY MCSI INFORMATION TECH	ETF	316092808	2,284	17,487	SH		SOLE		0	0	17,487
FIDELITY MCSI MATERIALS INDEX	ETF	316092881	324	6,939	SH		SOLE		0	0	6,939
FIDELITY MSCI CONSUMER DISCRET	ETF	316092204	975	13,302	SH		SOLE		0	0	13,302
FIDELITY MSCI CONSUMER STAPLES	ETF	316092303	923	20,332	SH		SOLE		0	0	20,332
FIDELITY MSCI FINANCIALS INDEX	ETF	316092501	1,247	26,498	SH		SOLE		0	0	26,498
FIDELITY MSCI HEALTHCARE INDEX	ETF	316092600	1,520	24,080	SH		SOLE		0	0	24,080
FIDELITY MSCI INDUSTRIALS INDE	ETF	316092709	1,759	30,929	SH		SOLE		0	0	30,929
FIDELITY MSCI TELECOMMUNICATIO	ETF	316092873	733	18,215	SH		SOLE		0	0	18,215
FIDELITY MSCI UTILITIES INDEX	ETF	316092865	373	8,830	SH		SOLE		0	0	8,830
FINANCIAL SELECT SECTOR SPDR	ETF	81369Y605	542	16,075	SH		SOLE		0	0	16,075
HEALTH CARE SELECT SECTOR SPDR	ETF	81369Y209	514	3,869	SH		SOLE		0	0	3,869
INDUSTRIAL SELECT SECTOR SPDR	ETF	81369Y704	703	6,550	SH		SOLE		0	0	6,550
TECHNOLOGY SELECT SECTOR SPDR	ETF	81369Y803	1,786	10,274	SH		SOLE		0	0	10,274