LNB Bancorp, Inc.
Exhibit to Form 10 - K/A
(for the fiscal year ended December 31, 2002)
S - K Reference Number (99.1)
Annual report on Form 11-K of The Lorain National Bank
Employee Stock Ownership Plan for the plan year ended December 31,
2002 filed as an amendment to the annual report on Form 10-K.
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON D.C. 20549
FORM 11-K
FOR ANNUAL REPORTS OF EMPLOYEE STOCK PURCHASE, SAVINGS
AND SIMILAR PLANS PURSUANT TO SECTION 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
[ X ] ANNUAL REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES
EXCHANGE ACT OF 1934
For the fiscal year ended December 31, 2002
Note: This Form 11-K is being filed as an amending Exhibit to the Form
10-K of LNB Bancorp, Inc. for the fiscal year ended December 31,
2002 pursuant to Rule 15d-21, therefore no fee is required.
[ ] TRANSITION REPORT PURSUANT TO SECTION 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
For the transition period from to
---------------- -----------
Commission file number 0-13203
THE LORAIN NATIONAL BANK EMPLOYEE STOCK OWNERSHIP PLAN
------------------------------------------------------
(Full title of the plan)
LNB BANCORP, INC. 457 Broadway Lorain, Ohio 44052-1769
---------------------------------------------------------------
(Name of issuer of the securities held pursuant to the plan and
the address of its principal executive office)
REQUIRED INFORMATION
Audited plan financial statements and schedules prepared in accordance
with the financial reporting requirements of the Employee Retirement
Income Securities Act of 1974, as amended, are filed herewith in lieu of
the requirements of an audited statement of financial condition and
statement of income and changes in plan equity.
Financial Statements and Exhibits
A) The following financial statements and schedules are filed as part
of this annual report.
1) Independent Auditors' Report
2) Statements of Assets Available for Distribution to
Participants - December 31, 2002 and 2001
3) Statements of Changes in Assets Available for Distribution to
Participants - Years ended December 31, 2002 and 2001.
4) Notes to Financial Statements
5) Schedule H, line 4i - Schedule of Assets (Held at End of Year) -
December 31, 2002
6) Schedule H, line 4j - Schedule of Reportable Transactions - Year
ended December 31, 2002
7) Schedule G, Part III - Schedule of Nonexempt Transactions -
Year ended December 31, 2002
B) The following Exhibit is filed as part of this annual report:
24. Consent of Independent Accountants
(COVER EMBOSSED WITH LOGO)
KPMG LLP
The Lorain National Bank
Employee Stock Ownership Plan
Financial Statements and Schedules
December 31, 2002 and 2001
(With Independent Auditors' Report Thereon)
THE LORAIN NATIONAL BANK
EMPLOYEE STOCK OWNERSHIP PLAN
TABLE OF CONTENTS
Page
Independent Auditors' Report 1
Statements of Assets Available for Distribution
To Participants, December 31, 2002 and 2001 2
Statements of Changes in Assets Available for
Distribution to Participants, Years ended
December 31, 2002 and 2001 3
Notes to Financial Statements 4
SCHEDULES:
1 Schedule H, line 4i -Schedule of Assets (Held
at End of Year) - December 31, 2002 8
2 Schedule H, line 4j - Schedule of Reportable
Transactions - Year ended December 31, 2002 9
3 Schedule G, Part III - Nonexempt Transactions -
Year ended December 31, 2002 10
All other schedules required to be filed in accordance with the
Employee Retirement Income Security Act of 1974 are not applicable
and accordingly, have been omitted
(LETTERHEAD)
(LOGO)
KPMG LLP
One Cleveland Center
1375 East Ninth Street, Suite 2600
Cleveland, OH 44114-1796
Independent Auditors' Report
The Plan Administrator
The Lorain National Bank
Sponsor of The Lorain National Bank
Employee Stock Ownership Plan:
We have audited the accompanying statements of assets available for
distribution to participants of The Lorain National Bank Employee Stock
Ownership Plan (Plan) as of December 31, 2002 and 2001, and the related
statements of changes in assets available for distribution to participants
for the years then ended. These financial statements are the responsibility
of the Plan's management. Our responsibility is to express an opinion on
these financial statements based on our audits.
We conducted our audits in accordance with auditing standards generally
accepted in the United States of America. Those standards require that we
plan and perform the audit to obtain reasonable assurance about whether the
financial statements are free of material misstatement. An audit includes
examining, on a test basis, evidence supporting the amounts and disclosures
in the financial statements. An audit also includes assessing the accounting
principles used and significant estimates made by management, as well as
evaluating the overall financial statement presentation. We believe that our
audits provide a reasonable basis for our opinion.
In our opinion, the financial statements referred to above present fairly, in
all material respects, the assets available for distribution to participants
of the Plan as of December 31, 2002 and 2001, and the changes in those assets
for the years then ended in conformity with accounting principles generally
accepted in the United States of America.
Our audits were performed for the purpose of forming an opinion on the basic
financial statements taken as a whole. The supplemental Schedule H, line 4i-
Schedule of Assets (Held at End of Year) as of December 31, 2002 and
Schedule H, line 4j - Schedule of Reportable Transactions for the year ended
December 31, 2002, and Schedule G, Part III - Nonexempt Transactions for the
year ended December 31, 2002 are presented for the purpose of additional
analysis and are not a required part of the basic financial statements but
are supplementary information required by the Department of Labor's Rules and
Regulations for Reporting and Disclosure under the Employee Retirement Income
Security Act of 1974. These supplemental schedules are the responsibility of
the Plan's management. The supplemental schedules have been subjected to the
auditing procedures applied in the audits of the basic financial statements
and, in our opinion, are fairly stated in all material respects in relation
to the basic financial statements taken as a whole.
/s/ KPMG LLP
May 30, 2003
(LOGO)
Member Firm of
KPMG International
THE LORAIN NATIONAL BANK
EMPLOYEE STOCK OWNERSHIP PLAN
Statements of Assets Available for Distribution to Participants
December 31, 2002 and 2001
ASSETS 2002 2001
---------- ----------
Assets available for distribution
to participants:
Short-term cash investments $ 9,016 52,464
Investment, at fair value (notes 3 and 6):
Common stock - LNB Bancorp, Inc. 4,923,388 3,816,478
---------- ----------
4,932,404 3,868,942
---------- ----------
Receivables:
Employer contributions 263,000 -0-
Dividends and interest 48,974 47,735
Receivable from employer (note 8) 13,630 -0-
---------- ----------
Total receivables 325,604 47,735
---------- ----------
Assets available for
distribution to participants $5,258,008 3,916,677
========== ==========
See accompanying notes to financial statements.
2
THE LORAIN NATIONAL BANK
EMPLOYEE STOCK OWNERSHIP PLAN
Statements of Changes in Assets Available for Distribution to Participants
Years ended December 31, 2002 and 2001
2002 2001
---------- ---------
Additions:
Investment income:
Dividends $ 183,804 165,657
Interest 581 14,566
Net appreciation in fair value
of investments (note 3) 1,057,860 48,708
---------- ---------
Total investment income 1,242,245 228,931
---------- ---------
Employer contribution 276,630 -0-
Total additions 1,518,875 228,931
---------- ---------
Deductions - distributions to participants (177,544) (143,319)
---------- ---------
Increase in assets available for
distribution to participants 1,341,331 85,612
Assets available for distribution to participants:
Beginning of year 3,916,677 3,831,065
---------- ---------
End of year $5,258,008 3,916,677
========== =========
See accompanying notes to financial statements.
3
THE LORAIN NATIONAL BANK
EMPLOYEE STOCK OWNERSHIP PLAN
Notes to Financial Statements
December 31, 2002 and 2001
(1) Description of the Plan
The following description of The Lorain National Bank Employee Stock
Ownership Plan (Plan) provides only general information. Participants
should refer to the Plan agreement for a more complete description of
the Plan's provisions.
(a) General
The Plan is a defined contribution plan sponsored by The Lorain
National Bank (Bank), a wholly owned subsidiary of LNB Bancorp,
Inc., covering substantially all employees of the Bank and the
related Bancorp affiliates for which the Bank acts as common
paymaster. An employee is eligible to participate in the Plan
after the attainment of age 21 and completion of one year of
service, as defined in the Plan. The Plan is subject to
the provisions of the Employee Retirement Income Security Act of
1974 (ERISA).
Under the terms of the Plan, the Investment and Trust Services
Division of the Bank acts as trustee for the Plan and, as such,
manages a trust fund which includes all of the Plan's assets.
The trustee has been granted discretionary authority
concerning purchases and sales of investments in the trust fund
made from employer contributions.
(b) Bank Contributions
The amount of the contribution is determined by the Bank's board
of directors in its absolute discretion. The Bank is not
required to make a contribution in any specific year.
Contributions are allocated to participants' accounts in the
proportion each participant's annual compensation bears to the
total annual compensation of all participants for that plan
year.
(c) Participant Contributions
The Plan does not permit participant contributions.
(d) Vesting
Each participant vests in the bank contribution after 5 years
of service. Forfeitures of nonvested employer contributions
are made available first to reinstate previously forfeited
account balances of former participants who are reemployed by
the Plan sponsor, within one year. The remaining forfeitures,
if any, shall be allocated among the participants' accounts in
the proportion each participant's annual compensation bears to
the total annual compensation of all participants for that plan
year. At December 31, 2002, there were no forfeited nonvested
accounts.
(e) Distributions Upon Termination of Employment
A participant whose employment terminates by reason of
retirement on their early retirement date or on their normal
retirement date, receives their vested benefits. The
participant may elect distribution of their vested benefits
either in a single distribution or in annual, semiannual,
quarterly, or monthly installments.
A participant whose employment is terminated for any reason
other than those designated above may receive a single
distribution of their vested benefits.
4
THE LORAIN NATIONAL BANK
EMPLOYEE STOCK OWNERSHIP PLAN
Notes to Financial Statements
December 31, 2002 and 2001
(f) Plan Termination
Although it has not expressed any intention to do so, the Bank
has the right to terminate the Plan subject to the provisions
set forth in ERISA. In the event of Plan termination, the
assets of the Plan will be allocated as prescribed by ERISA and
its related regulations.
(g) Plan Administrator
The Plan Administrator is the President and Chief Executive
Officer of the Bank.
(2) Summary of Significant Accounting Policies
(a) Basis of Presentation
The accompanying financial statements of the Plan have been
prepared under the accrual method of accounting.
(b) Investments
The fair value of investments and changes therein are
determined through the use of current quoted market values.
Purchases and sales are recorded on a trade date basis.
Interest income is recorded on the accrual method of
accounting.
(c) Use of Estimates in the Preparation of Financial Statements
The preparation of financial statements in conformity with
accounting principles generally accepted in the United States of
America requires management to make estimates and assumptions
that affect the reported amounts of assets, liabilities, and
changes therein, and disclosure of contingent assets and
liabilities. Actual results could differ from those estimates.
(d) Payment of Benefits
Benefit payments to participants are recorded when paid.
(3) Investment
The following table presents the fair values of the Plan's investments
at December 31, 2002 and 2001:
2002 2001
--------------------- --------------------
Number Number
of Shares Fair of Shares Fair
or Units Value or Units Value
--------- ----------- --------- -----------
Common stock -
LNB Bancorp, Inc. 181,325 $ 4,923,388 176,469 $ 3,816,478
========= =========== ========= ===========
During the years ended December 31, 2002 and 2001, the Plan's
investments (including investments bought, sold, and held during the
year) appreciated in value by $1,057,860 and $48,708, respectively
5
THE LORAIN NATIONAL BANK
EMPLOYEE STOCK OWNERSHIP PLAN
Notes to Financial Statements
December 31, 2002 and 2001
(4) Administrative Expenses
The administrative expenses of the Plan are paid by the Bank.
(5) Federal Income Taxes
The Internal Revenue Service issued its latest determination letter on
July 2, 2002, which stated that the Plan and its underlying Trust, as
designed, qualify under the applicable provisions of the Internal
Revenue Code. In the opinion of the Plan Administrator, the Plan and
its underlying Trust have operated within the terms of the Plan and
remain qualified under the applicable provisions of the Internal Revenue
code.
As long as the Plan continues to be qualified under present federal
income tax laws and regulations, participants will not be taxed on
Bank contributions or on investment earning on such contributions at
the time such contributions and investment earnings are received by
the Trustee, but may be subject to tax thereon at such time as they
receive distributions under the Plan.
(6) Party-in-Interest Transactions
The following is a summary of transactions in common stock of LNB
Bancorp Inc., 100% owner of the Bank, during the year ended
December 31, 2002:
Number Fair
of Shares Value
----------- -----------
Balance at December 31, 2001 176,469 $ 3,816,478
Stock Dividend, 2% 3,577 -
Purchases 7,421 176,297
Distributions (6,142) (153,636)
Net appreciation - 1,084,249
----------- -----------
Balance at December 31, 2002 181,325 $ 4,923,388
=========== ===========
6
THE LORAIN NATIONAL BANK
EMPLOYEE STOCK OWNERSHIP PLAN
Notes to Financial Statements
December 31, 2002 and 2001
(7) Assets Available for Distribution to Participants
2002 2001
----------- -----------
Assets payable to terminated participants $ 124,329 $ 25,187
Assets available for continuing
participants 5,133,679 3,891,490
----------- -----------
$5,258,008 $3,916,677
=========== ===========
(8) Prohibited Transaction
During portions of 2000 and 2001 the Plan purchased shares of LNB Bancorp,
Inc. common stock (LNB Stock), consistently near the close of the trading
day, through open market trades using registered brokerage firms. Since it is
possible that a purchase of LNB Stock at the close of the day could cause the
price of LNB Stock to be slightly higher than it might otherwise have been if
the trading day had ended without a sale, LNB has elected to treat such end
of day purchases as prohibited transactions.
Pursuant to its decision to treat such end of day purchases by the Plans as
prohibited transactions, LNB has elected to voluntarily correct such
transactions. The impact of this potential overpayment of the purchase price
was calculated in accordance with Department of Labor guidelines and amounted
to $11,824, plus interest of $1,806. The total correction amount, including
accrued interest was paid by LNB to the Plan on June 13, 2003, and is
included as a receivable from employer in the statement of assets for plan
benefits and as an employer contribution in the statement of changes in
assets available for plan benefits as December 31, 2002.
7
Schedule 1
THE LORAIN NATIONAL BANK
EMPLOYEE STOCK OWNERSHIP PLAN
EIN: 34-0869480
Plan Number: 002
Schedule H, line 4i - Schedule of Assets (Held at End of Year)
December 31, 2002
Column A Column B Column C Column D
- -------- ------------------ -------------------------- -----------
Description of investment
Identity of issue, including maturity date,
borrower, lessor rate of interest, collateral,
or similar party par or maturity value Cost
- -------- ------------------ -------------------------- -----------
* LNB Bancorp, Inc. 181,325 shares of common $ 3,665,033
stock
* Lorain National Bank Treasury Trust Fund 9,016
-----------
$ 3,674,049
===========
Schedule H, line 4i - Schedule of Assets (Held at End of Year) Continued
Column A Column B Column C Column E
- -------- ------------------ -------------------------- -----------
Description of investment
Identity of issue, including maturity date,
borrower, lessor rate of interest, collateral, Current
or similar party par or maturity value value
- -------- ------------------ -------------------------- -----------
* LNB Bancorp, Inc. 181,325 shares of common $ 4,923,388
stock
* Lorain National Bank Treasury Trust Fund 9,016
-----------
$ 4,932,404
===========
*Party in interest
See accompanying independent auditors' report.
8
Schedule 2
THE LORAIN NATIONAL BANK
EMPLOYEE STOCK OWNERSHIP PLAN
EIN: 34-0869480
Plan Number: 002
Schedule H, line 4j - Schedule of Reportable Transactions
Year ended December 31, 2002
Series transactions, when aggregated, involving an amount in excess of 5%
of the current value of Plan assets:
Column A Column B Column C Column D Column E
- -------------------- --------------------- ---------- ---------- ---------
Identity of Description Purchase Selling Lease
party involved of assets price price rental
- -------------------- --------------------- ---------- ---------- ---------
* LNB Bancorp, Inc. LNB Bancorp, Inc.
common stock,
5 purchases $ 176,297 - -
1 sale - 17 -
(fractional share)
* Lorain National Treasury Trust Fund,
Bank 12 purchases 6,717 - -
8 sales $ - 50,165 -
========== ========== =========
Schedule H, line 4j - Schedule of Reportable Transactions Continued
Column A Column B Column F Column G Column H
- ---------------------- ----------------- ------------- -------- ---------
Current
Expense value of
incurred asset on
Identity of Description with Cost of transaction
party involved of assets transaction asset date
- ---------------------- ----------------- ------------- --------- ---------
* LNB Bancorp, Inc. LNB Bancorp, Inc.
common stock,
5 purchases - 176,297 176,297
1 sale - 15 17
(fractional share)
* Lorain National Treasury Trust Fund,
Bank 12 purchases - 6,717 6,717
8 sales - 50,165 50,165
============= ========= =========
Schedule 2
THE LORAIN NATIONAL BANK
EMPLOYEE STOCK OWNERSHIP PLAN
EIN: 34-0869480
Plan Number: 002
Schedule H, line 4j - Schedule of Reportable Transactions Continued
Column A Column B Column I
- ---------------------- ---------------------- -------------
Identity of Description Net gain
party involved of assets or (loss)
- ---------------------- ---------------------- -------------
* LNB Bancorp, Inc. LNB Bancorp, Inc.
common stock,
5 purchases -
1 sale (2)
(fractional share)
* Lorain National Treasury Trust Fund,
Bank 12 purchases -
8 sales -
============
* Party in interest
See accompanying independent auditors' report.
9
THE LORAIN NATIONAL BANK
EMPLOYEE STOCK OWNERSHIP PLAN
EIN: 34-0869480
PLAN NUMBER: 003
Schedule G, Part III - Nonexempt Transactions
Year ended December 31, 2002
* Current value of asset is the lowest trade price on the date of the
transaction.
Column A Column B Column C Column D Column E
- -------- --------------- ----------------------------- -------- --------
Relationship to Description of transactions
Identity plan, employer including maturity date,
of party or other party rate of interest, collateral, Purchase Selling
involved of interest par or maturity value Price Price
- -------- --------------- ----------------------------- -------- --------
LNB Plan Trustee 200 shares of LNB Bancorp, $ 4,100 $ -
Investment Inc. common stock, $1.00
and Trust par value
Services
LNB Plan Trustee 200 shares of LNB Bancorp, $ 4,050 $ -
Investment Inc. common stock, $1.00
and Trust par value
Services
LNB Plan Trustee 200 shares of LNB Bancorp, $ 4,100 $ -
Investment Inc. common stock, $1.00
and Trust par value
Services
LNB Plan Trustee 400 shares of LNB Bancorp, $ 8,000 $ -
Investment Inc. common stock, $1.00
and Trust par value
Services
LNB Plan Trustee 200 shares of LNB Bancorp, $ 4,050 $ -
Investment Inc. common stock, $1.00
and Trust par value
Services
LNB Plan Trustee 200 shares of LNB Bancorp, $ 4,050 $ -
Investment Inc. common stock, $1.00
and Trust par value
Services
THE LORAIN NATIONAL BANK
EMPLOYEE STOCK OWNERSHIP PLAN
EIN: 34-0869480
PLAN NUMBER: 003
Schedule G, Part III - Nonexempt Transactions
Year ended December 31, 2002
* Current value of asset is the lowest trade price on the date of the
transaction.
Column A Column B Column F Column G Column H Column I Column J
- -------- --------------- -------- ----------- -------- -------- -----------
Relationship to Expenses Net gain
Identity plan, employer incurred Current (loss)
of party or other party Lease with the Cost of Value of on each
involved of interest Rental transaction Asset Asset* transaction
- -------- --------------- -------- ----------- -------- -------- -----------
LNB Plan Trustee $ - $ 35 $ 4,135 $ 3,800 $ -
Investment
and Trust
Services
LNB Plan Trustee $ - $ 35 $ 4,085 $ 3,800 $ -
Investment
and Trust
Services
LNB Plan Trustee $ - $ 35 $ 4,135 $ 3,800 $ -
Investment
and Trust
Services
LNB Plan Trustee $ - $ 35 $ 8,035 $ 8,000 $ -
Investment
and Trust
Services
LNB Plan Trustee $ - $ 35 $ 4,085 $ 3,840 $ -
Investment
and Trust
Services
LNB Plan Trustee $ - $ 35 $ 4,085 $ 3,750 $ -
Investment
and Trust
Services
THE LORAIN NATIONAL BANK
EMPLOYEE STOCK OWNERSHIP PLAN
EIN: 34-0869480
PLAN NUMBER: 003
Schedule G, Part III - Nonexempt Transactions
Year ended December 31, 2002
* Current value of asset is the lowest trade price on the date of the
transaction.
Column A Column B Column C Column D Column E
- -------- --------------- ----------------------------- -------- --------
Relationship to Description of transactions
Identity plan, employer including maturity date,
of party or other party rate of interest, collateral, Purchase Selling
involved of interest par or maturity value Price Price
- -------- --------------- ----------------------------- -------- --------
LNB Plan Trustee 200 shares of LNB Bancorp, $ 4,000 $ -
Investment Inc. common stock, $1.00
and Trust par value
Services
LNB Plan Trustee 200 shares of LNB Bancorp, $ 4,000 $ -
Investment Inc. common stock, $1.00
and Trust par value
Services
LNB Plan Trustee 200 shares of LNB Bancorp, $ 4,025 $ -
Investment Inc. common stock, $1.00
and Trust par value
Services
LNB Plan Trustee 200 shares of LNB Bancorp, $ 4,100 $ -
Investment Inc. common stock, $1.00
and Trust par value
Services
LNB Plan Trustee 200 shares of LNB Bancorp, $ 4,200 $ -
Investment Inc. common stock, $1.00
and Trust par value
Services
LNB Plan Trustee 200 shares of LNB Bancorp, $ 4,200 $ -
Investment Inc. common stock, $1.00
and Trust par value
Services
THE LORAIN NATIONAL BANK
EMPLOYEE STOCK OWNERSHIP PLAN
EIN: 34-0869480
PLAN NUMBER: 003
Schedule G, Part III - Nonexempt Transactions
Year ended December 31, 2002
* Current value of asset is the lowest trade price on the date of the
transaction.
Column A Column B Column F Column G Column H Column I Column J
- -------- --------------- -------- ----------- -------- -------- -----------
Relationship to Expenses Net gain
Identity plan, employer incurred Current (loss)
of party or other party Lease with the Cost of Value of on each
involved of interest Rental transaction Asset Asset transaction
- -------- --------------- -------- ----------- -------- -------- -----------
LNB Plan Trustee $ - $ 35 $ 4,035 $ 3,800 $ -
Investment
and Trust
Services
LNB Plan Trustee $ - $ 35 $ 4,035 $ 3,900 $ -
Investment
and Trust
Services
LNB Plan Trustee $ - $ 35 $ 4,060 $ 3,950 $ -
Investment
and Trust
Services
LNB Plan Trustee $ - $ 35 $ 4,135 $ 4,026 $ -
Investment
and Trust
Services
LNB Plan Trustee $ - $ 35 $ 4,235 $ 4,100 $ -
Investment
and Trust
Services
LNB Plan Trustee $ - $ 35 $ 4,235 $ 4,124 $ -
Investment
and Trust
Services
THE LORAIN NATIONAL BANK
EMPLOYEE STOCK OWNERSHIP PLAN
EIN: 34-0869480
PLAN NUMBER: 003
Schedule G, Part III - Nonexempt Transactions
Year ended December 31, 2002
* Current value of asset is the lowest trade price on the date of the
transaction.
Column A Column B Column C Column D Column E
- -------- --------------- ----------------------------- -------- --------
Relationship to Description of transactions
Identity plan, employer including maturity date,
of party or other party rate of interest, collateral, Purchase Selling
involved of interest par or maturity value Price Price
- -------- --------------- ----------------------------- -------- --------
LNB Plan Trustee 200 shares of LNB Bancorp, $ 4,300 $ -
Investment Inc. common stock, $1.00
and Trust par value
Services
LNB Plan Trustee 200 shares of LNB Bancorp, $ 4,500 $ -
Investment Inc. common stock, $1.00
and Trust par value
Services
LNB Plan Trustee 200 shares of LNB Bancorp, $ 4,600 $ -
Investment Inc. common stock, $1.00
and Trust par value
Services
LNB Plan Trustee 200 shares of LNB Bancorp, $ 4,800 $ -
Investment Inc. common stock, $1.00
and Trust par value
Services
LNB Plan Trustee 200 shares of LNB Bancorp, $ 4,700 $ -
Investment Inc. common stock, $1.00
and Trust par value
Services
LNB Plan Trustee 200 shares of LNB Bancorp, $ 4,800 $ -
Investment Inc. common stock, $1.00
and Trust par value
Services
THE LORAIN NATIONAL BANK
EMPLOYEE STOCK OWNERSHIP PLAN
EIN: 34-0869480
PLAN NUMBER: 003
Schedule G, Part III - Nonexempt Transactions
Year ended December 31, 2002
* Current value of asset is the lowest trade price on the date of the
transaction.
Column A Column B Column F Column G Column H Column I Column J
- -------- --------------- -------- ----------- -------- -------- -----------
Relationship to Expenses Net gain
Identity plan, employer incurred Current (loss)
of party or other party Lease with the Cost of Value of on each
involved of interest Rental transaction Asset Asset* transaction
- -------- --------------- -------- ----------- -------- -------- -----------
LNB Plan Trustee $ - $ 35 $ 4,335 $ 4,250 $ -
Investment
and Trust
Services
LNB Plan Trustee $ - $ 35 $ 4,535 $ 4,350 $ -
Investment
and Trust
Services
LNB Plan Trustee $ - $ 35 $ 4,635 $ 4,426 $ -
Investment
and Trust
Services
LNB Plan Trustee $ - $ 35 $ 4,835 $ 4,424 $ -
Investment
and Trust
Services
LNB Plan Trustee $ - $ 35 $ 4,735 $ 4,450 $ -
Investment
and Trust
Services
LNB Plan Trustee $ - $ 35 $ 4,835 $ 4,600 $ -
Investment
and Trust
Services
THE LORAIN NATIONAL BANK
EMPLOYEE STOCK OWNERSHIP PLAN
EIN: 34-0869480
PLAN NUMBER: 003
Schedule G, Part III - Nonexempt Transactions
Year ended December 31, 2002
* Current value of asset is the lowest trade price on the date of the
transaction.
Column A Column B Column C Column D Column E
- -------- --------------- ----------------------------- -------- --------
Relationship to Description of transactions
Identity plan, employer including maturity date,
of party or other party rate of interest, collateral, Purchase Selling
involved of interest par or maturity value Price Price
- -------- --------------- ----------------------------- -------- --------
LNB Plan Trustee 100 shares of LNB Bancorp, $ 2,494 $ -
Investment Inc. common stock, $1.00
and Trust par value
Services
LNB Plan Trustee 100 shares of LNB Bancorp, $ 2,569 $ -
Investment Inc. common stock, $1.00
and Trust par value
Services
LNB Plan Trustee 100 shares of LNB Bancorp, $ 2,575 $ -
Investment Inc. common stock, $1.00
and Trust par value
Services
LNB Plan Trustee 100 shares of LNB Bancorp, $ 2,575 $ -
Investment Inc. common stock, $1.00
and Trust par value
Services
LNB Plan Trustee 100 shares of LNB Bancorp, $ 2,525 $ -
Investment Inc. common stock, $1.00
and Trust par value
Services
LNB Plan Trustee 100 shares of LNB Bancorp, $ 2,500 $ -
Investment Inc. common stock, $1.00
and Trust par value
Services
THE LORAIN NATIONAL BANK
EMPLOYEE STOCK OWNERSHIP PLAN
EIN: 34-0869480
PLAN NUMBER: 003
Schedule G, Part III - Nonexempt Transactions
Year ended December 31, 2002
* Current value of asset is the lowest trade price on the date of the
transaction.
Column A Column B Column F Column G Column H Column I Column J
- -------- --------------- -------- ----------- -------- -------- -----------
Relationship to Expenses Net gain
Identity plan, employer incurred Current (loss)
of party or other party Lease with the Cost of Value of on each
involved of interest Rental transaction Asset Asset transaction
- -------- --------------- -------- ----------- -------- -------- -----------
LNB Plan Trustee $ - $ 35 $ 2,529 $ 2,475 $ -
Investment
and Trust
Services
LNB Plan Trustee $ - $ 35 $ 2,604 $ 2,325 $ -
Investment
and Trust
Services
LNB Plan Trustee $ - $ 35 $ 2,610 $ 2,575 $ -
Investment
and Trust
Services
LNB Plan Trustee $ - $ 35 $ 2,610 $ 2,325 $ -
Investment
and Trust
Services
LNB Plan Trustee $ - $ 35 $ 2,560 $ 2,412 $ -
Investment
and Trust
Services
LNB Plan Trustee $ - $ 35 $ 2,535 $ 2,412 $ -
Investment
and Trust
Services
THE LORAIN NATIONAL BANK
EMPLOYEE STOCK OWNERSHIP PLAN
EIN: 34-0869480
PLAN NUMBER: 003
Schedule G, Part III - Nonexempt Transactions
Year ended December 31, 2002
* Current value of asset is the lowest trade price on the date of the
transaction.
Column A Column B Column C Column D Column E
- -------- --------------- ----------------------------- -------- --------
Relationship to Description of transactions
Identity plan, employer including maturity date,
of party or other party rate of interest, collateral, Purchase Selling
involved of interest par or maturity value Price Price
- -------- --------------- ----------------------------- -------- --------
LNB Plan Trustee 100 shares of LNB Bancorp, $ 2,437 $ -
Investment Inc. common stock, $1.00
and Trust par value
Services
LNB Plan Trustee 100 shares of LNB Bancorp, $ 2,438 $ -
Investment Inc. common stock, $1.00
and Trust par value
Services
LNB Plan Trustee 100 shares of LNB Bancorp, $ 2,450 $ -
Investment Inc. common stock, $1.00
and Trust par value
Services
LNB Plan Trustee 100 shares of LNB Bancorp, $ 2,450 $ -
Investment Inc. common stock, $1.00
and Trust par value
Services
LNB Plan Trustee 100 shares of LNB Bancorp, $ 2,394 $ -
Investment Inc. common stock, $1.00
and Trust par value
Services
LNB Plan Trustee 100 shares of LNB Bancorp, $ 2,400 $ -
Investment Inc. common stock, $1.00
and Trust par value
Services
THE LORAIN NATIONAL BANK
EMPLOYEE STOCK OWNERSHIP PLAN
EIN: 34-0869480
PLAN NUMBER: 003
Schedule G, Part III - Nonexempt Transactions
Year ended December 31, 2002
* Current value of asset is the lowest trade price on the date of the
transaction.
Column A Column B Column F Column G Column H Column I Column J
- -------- --------------- -------- ----------- -------- -------- -----------
Relationship to Expenses Net gain
Identity plan, employer incurred Current (loss)
of party or other party Lease with the Cost of Value of on each
involved of interest Rental transaction Asset Asset* transaction
- -------- --------------- -------- ----------- -------- -------- -----------
LNB Plan Trustee $ - $ 35 $ 2,472 $ 2,412 $ -
Investment
and Trust
Services
LNB Plan Trustee $ - $ 35 $ 2,473 $ 2,437 $ -
Investment
and Trust
Services
LNB Plan Trustee $ - $ 35 $ 2,485 $ 2,450 $ -
Investment
and Trust
Services
LNB Plan Trustee $ - $ 35 $ 2,485 $ 2,400 $ -
Investment
and Trust
Services
LNB Plan Trustee $ - $ 35 $ 2,429 $ 2,394 $ -
Investment
and Trust
Services
LNB Plan Trustee $ - $ 35 $ 2,435 $ 2,400 $ -
Investment
and Trust
Services
THE LORAIN NATIONAL BANK
EMPLOYEE STOCK OWNERSHIP PLAN
EIN: 34-0869480
PLAN NUMBER: 003
Schedule G, Part III - Nonexempt Transactions
Year ended December 31, 2002
* Current value of asset is the lowest trade price on the date of the
transaction.
Column A Column B Column C Column D Column E
- -------- --------------- ----------------------------- -------- --------
Relationship to Description of transactions
Identity plan, employer including maturity date,
of party or other party rate of interest, collateral, Purchase Selling
involved of interest par or maturity value Price Price
- -------- --------------- ----------------------------- -------- --------
LNB Plan Trustee 100 shares of LNB Bancorp, $ 2,338 $ -
Investment Inc. common stock, $1.00
and Trust par value
Services
LNB Plan Trustee 100 shares of LNB Bancorp, $ 2,388 $ -
Investment Inc. common stock, $1.00
and Trust par value
Services
LNB Plan Trustee 100 shares of LNB Bancorp, $ 2,350 $ -
Investment Inc. common stock, $1.00
and Trust par value
Services
LNB Plan Trustee 100 shares of LNB Bancorp, $ 2,350 $ -
Investment Inc. common stock, $1.00
and Trust par value
Services
LNB Plan Trustee 100 shares of LNB Bancorp, $ 2,350 $ -
Investment Inc. common stock, $1.00
and Trust par value
Services
LNB Plan Trustee 100 shares of LNB Bancorp, $ 2,350 $ -
Investment Inc. common stock, $1.00
and Trust par value
Services
THE LORAIN NATIONAL BANK
EMPLOYEE STOCK OWNERSHIP PLAN
EIN: 34-0869480
PLAN NUMBER: 003
Schedule G, Part III - Nonexempt Transactions
Year ended December 31, 2002
* Current value of asset is the lowest trade price on the date of the
transaction.
Column A Column B Column F Column G Column H Column I Column J
- -------- --------------- -------- ----------- -------- -------- -----------
Relationship to Expenses Net gain
Identity plan, employer incurred Current (loss)
of party or other party Lease with the Cost of Value of on each
involved of interest Rental transaction Asset Asset transaction
- -------- --------------- -------- ----------- -------- -------- -----------
LNB Plan Trustee $ - $ 35 $ 2,373 $ 2,338 $ -
Investment
and Trust
Services
LNB Plan Trustee $ - $ 35 $ 2,423 $ 2,388 $ -
Investment
and Trust
Services
LNB Plan Trustee $ - $ 35 $ 2,385 $ 2,300 $ -
Investment
and Trust
Services
LNB Plan Trustee $ - $ 35 $ 2,385 $ 2,350 $ -
Investment
and Trust
Services
LNB Plan Trustee $ - $ 35 $ 2,385 $ 2,300 $ -
Investment
and Trust
Services
LNB Plan Trustee $ - $ 35 $ 2,385 $ 2,350 $ -
Investment
and Trust
Services
THE LORAIN NATIONAL BANK
EMPLOYEE STOCK OWNERSHIP PLAN
EIN: 34-0869480
PLAN NUMBER: 003
Schedule G, Part III - Nonexempt Transactions
Year ended December 31, 2002
* Current value of asset is the lowest trade price on the date of the
transaction.
Column A Column B Column C Column D Column E
- -------- --------------- ----------------------------- -------- --------
Relationship to Description of transactions
Identity plan, employer including maturity date,
of party or other party rate of interest, collateral, Purchase Selling
involved of interest par or maturity value Price Price
- -------- --------------- ----------------------------- -------- --------
LNB Plan Trustee 100 shares of LNB Bancorp, $ 2,350 $ -
Investment Inc. common stock, $1.00
and Trust par value
Services
LNB Plan Trustee 100 shares of LNB Bancorp, $ 2,350 $ -
Investment Inc. common stock, $1.00
and Trust par value
Services
LNB Plan Trustee 100 shares of LNB Bancorp, $ 2,325 $ -
Investment Inc. common stock, $1.00
and Trust par value
Services
LNB Plan Trustee 100 shares of LNB Bancorp, $ 2,312 $ -
Investment Inc. common stock, $1.00
and Trust par value
Services
LNB Plan Trustee 100 shares of LNB Bancorp, $ 2,288 $ -
Investment Inc. common stock, $1.00
and Trust par value
Services
LNB Plan Trustee 100 shares of LNB Bancorp, $ 2,288 $ -
Investment Inc. common stock, $1.00
and Trust par value
Services
THE LORAIN NATIONAL BANK
EMPLOYEE STOCK OWNERSHIP PLAN
EIN: 34-0869480
PLAN NUMBER: 003
Schedule G, Part III - Nonexempt Transactions
Year ended December 31, 2002
* Current value of asset is the lowest trade price on the date of the
transaction.
Column A Column B Column F Column G Column H Column I Column J
- -------- --------------- -------- ----------- -------- -------- -----------
Relationship to Expenses Net gain
Identity plan, employer incurred Current (loss)
of party or other party Lease with the Cost of Value of on each
involved of interest Rental transaction Asset Asset* transaction
- -------- --------------- -------- ----------- -------- -------- -----------
LNB Plan Trustee $ - $ 35 $ 2,385 $ 2,350 $ -
Investment
and Trust
Services
LNB Plan Trustee $ - $ 35 $ 2,385 $ 2,225 $ -
Investment
and Trust
Services
LNB Plan Trustee $ - $ 35 $ 2,360 $ 2,325 $ -
Investment
and Trust
Services
LNB Plan Trustee $ - $ 35 $ 2,347 $ 2,312 $ -
Investment
and Trust
Services
LNB Plan Trustee $ - $ 35 $ 2,323 $ 2,188 $ -
Investment
and Trust
Services
LNB Plan Trustee $ - $ 35 $ 2,323 $ 2,075 $ -
Investment
and Trust
Services
THE LORAIN NATIONAL BANK
EMPLOYEE STOCK OWNERSHIP PLAN
EIN: 34-0869480
PLAN NUMBER: 003
Schedule G, Part III - Nonexempt Transactions
Year ended December 31, 2002
* Current value of asset is the lowest trade price on the date of the
transaction.
Column A Column B Column C Column D Column E
- -------- --------------- ----------------------------- -------- --------
Relationship to Description of transactions
Identity plan, employer including maturity date,
of party or other party rate of interest, collateral, Purchase Selling
involved of interest par or maturity value Price Price
- -------- --------------- ----------------------------- -------- --------
LNB Plan Trustee 100 shares of LNB Bancorp, $ 2,188 $ -
Investment Inc. common stock, $1.00
and Trust par value
Services
LNB Plan Trustee 100 shares of LNB Bancorp, $ 2,075 $ -
Investment Inc. common stock, $1.00
and Trust par value
Services
LNB Plan Trustee 100 shares of LNB Bancorp, $ 2,050 $ -
Investment Inc. common stock, $1.00
and Trust par value
Services
LNB Plan Trustee 100 shares of LNB Bancorp, $ 2,100 $ -
Investment Inc. common stock, $1.00
and Trust par value
Services
LNB Plan Trustee 100 shares of LNB Bancorp, $ 2,046 $ -
Investment Inc. common stock, $1.00
and Trust par value
Services
LNB Plan Trustee 100 shares of LNB Bancorp, $ 2,094 $ -
Investment Inc. common stock, $1.00
and Trust par value
Services
THE LORAIN NATIONAL BANK
EMPLOYEE STOCK OWNERSHIP PLAN
EIN: 34-0869480
PLAN NUMBER: 003
Schedule G, Part III - Nonexempt Transactions
Year ended December 31, 2002
* Current value of asset is the lowest trade price on the date of the
transaction.
Column A Column B Column F Column G Column H Column I Column J
- -------- --------------- -------- ----------- -------- -------- -----------
Relationship to Expenses Net gain
Identity plan, employer incurred Current (loss)
of party or other party Lease with the Cost of Value of on each
involved of interest Rental transaction Asset Asset transaction
- -------- --------------- -------- ----------- -------- -------- -----------
LNB Plan Trustee $ - $ 35 $ 2,223 $ 2,100 $ -
Investment
and Trust
Services
LNB Plan Trustee $ - $ 35 $ 2,110 $ 2,025 $ -
Investment
and Trust
Services
LNB Plan Trustee $ - $ 35 $ 2,085 $ 1,925 $ -
Investment
and Trust
Services
LNB Plan Trustee $ - $ 35 $ 2,135 $ 1,913 $ -
Investment
and Trust
Services
LNB Plan Trustee $ - $ 35 $ 2,081 $ 2,043 $ -
Investment
and Trust
Services
LNB Plan Trustee $ - $ 35 $ 2,129 $ 2,050 $ -
Investment
and Trust
Services
THE LORAIN NATIONAL BANK
EMPLOYEE STOCK OWNERSHIP PLAN
EIN: 34-0869480
PLAN NUMBER: 003
Schedule G, Part III - Nonexempt Transactions
Year ended December 31, 2002
* Current value of asset is the lowest trade price on the date of the
transaction.
Column A Column B Column C Column D Column E
- -------- --------------- ----------------------------- -------- --------
Relationship to Description of transactions
Identity plan, employer including maturity date,
of party or other party rate of interest, collateral, Purchase Selling
involved of interest par or maturity value Price Price
- -------- --------------- ----------------------------- -------- --------
LNB Plan Trustee 100 shares of LNB Bancorp, $ 2,062 $ -
Investment Inc. common stock, $1.00
and Trust par value
Services
LNB Plan Trustee 100 shares of LNB Bancorp, $ 2,075 $ -
Investment Inc. common stock, $1.00
and Trust par value
Services
LNB Plan Trustee 100 shares of LNB Bancorp, $ 2,100 $ -
Investment Inc. common stock, $1.00
and Trust par value
Services
LNB Plan Trustee 100 shares of LNB Bancorp, $ 2,094 $ -
Investment Inc. common stock, $1.00
and Trust par value
Services
LNB Plan Trustee 100 shares of LNB Bancorp, $ 2,069 $ -
Investment Inc. common stock, $1.00
and Trust par value
Services
LNB Plan Trustee 100 shares of LNB Bancorp, $ 2,075 $ -
Investment Inc. common stock, $1.00
and Trust par value
Services
THE LORAIN NATIONAL BANK
EMPLOYEE STOCK OWNERSHIP PLAN
EIN: 34-0869480
PLAN NUMBER: 003
Schedule G, Part III - Nonexempt Transactions
Year ended December 31, 2002
* Current value of asset is the lowest trade price on the date of the
transaction.
Column A Column B Column F Column G Column H Column I Column J
- -------- --------------- -------- ----------- -------- -------- -----------
Relationship to Expenses Net gain
Identity plan, employer incurred Current (loss)
of party or other party Lease with the Cost of Value of on each
involved of interest Rental transaction Asset Asset* transaction
- -------- --------------- -------- ----------- -------- -------- -----------
LNB Plan Trustee $ - $ 35 $ 2,097 $ 2,000 $ -
Investment
and Trust
Services
LNB Plan Trustee $ - $ 35 $ 2,110 $ 2,000 $ -
Investment
and Trust
Services
LNB Plan Trustee $ - $ 35 $ 2,135 $ 2,050 $ -
Investment
and Trust
Services
LNB Plan Trustee $ - $ 35 $ 2,129 $ 2,050 $ -
Investment
and Trust
Services
LNB Plan Trustee $ - $ 35 $ 2,104 $ 2,012 $ -
Investment
and Trust
Services
LNB Plan Trustee $ - $ 35 $ 2,110 $ 2,000 $ -
Investment
and Trust
Services
THE LORAIN NATIONAL BANK
EMPLOYEE STOCK OWNERSHIP PLAN
EIN: 34-0869480
PLAN NUMBER: 003
Schedule G, Part III - Nonexempt Transactions
Year ended December 31, 2002
* Current value of asset is the lowest trade price on the date of the
transaction.
Column A Column B Column C Column D Column E
- -------- --------------- ----------------------------- -------- --------
Relationship to Description of transactions
Identity plan, employer including maturity date,
of party or other party rate of interest, collateral, Purchase Selling
involved of interest par or maturity value Price Price
- -------- --------------- ----------------------------- -------- --------
LNB Plan Trustee 100 shares of LNB Bancorp, $ 2,075 $ -
Investment Inc. common stock, $1.00
and Trust par value
Services
LNB Plan Trustee 100 shares of LNB Bancorp, $ 2,062 $ -
Investment Inc. common stock, $1.00
and Trust par value
Services
LNB Plan Trustee 100 shares of LNB Bancorp, $ 2,062 $ -
Investment Inc. common stock, $1.00
and Trust par value
Services
LNB Plan Trustee 100 shares of LNB Bancorp, $ 2,125 $ -
Investment Inc. common stock, $1.00
and Trust par value
Services
LNB Plan Trustee 100 shares of LNB Bancorp, $ 2,100 $ -
Investment Inc. common stock, $1.00
and Trust par value
Services
LNB Plan Trustee 100 shares of LNB Bancorp, $ 2,100 $ -
Investment Inc. common stock, $1.00
and Trust par value
Services
THE LORAIN NATIONAL BANK
EMPLOYEE STOCK OWNERSHIP PLAN
EIN: 34-0869480
PLAN NUMBER: 003
Schedule G, Part III - Nonexempt Transactions
Year ended December 31, 2002
* Current value of asset is the lowest trade price on the date of the
transaction.
Column A Column B Column F Column G Column H Column I Column J
- -------- --------------- -------- ----------- -------- -------- -----------
Relationship to Expenses Net gain
Identity plan, employer incurred Current (loss)
of party or other party Lease with the Cost of Value of on each
involved of interest Rental transaction Asset Asset transaction
- -------- --------------- -------- ----------- -------- -------- -----------
LNB Plan Trustee $ - $ 35 $ 2,110 $ 1,956 $ -
Investment
and Trust
Services
LNB Plan Trustee $ - $ 35 $ 2,097 $ 2,062 $ -
Investment
and Trust
Services
LNB Plan Trustee $ - $ 35 $ 2,097 $ 2,062 $ -
Investment
and Trust
Services
LNB Plan Trustee $ - $ 35 $ 2,160 $ 2,075 $ -
Investment
and Trust
Services
LNB Plan Trustee $ - $ 35 $ 2,135 $ 2,050 $ -
Investment
and Trust
Services
LNB Plan Trustee $ - $ 35 $ 2,135 $ 2,050 $ -
Investment
and Trust
Services
THE LORAIN NATIONAL BANK
EMPLOYEE STOCK OWNERSHIP PLAN
EIN: 34-0869480
PLAN NUMBER: 003
Schedule G, Part III - Nonexempt Transactions
Year ended December 31, 2002
* Current value of asset is the lowest trade price on the date of the
transaction.
Column A Column B Column C Column D Column E
- -------- --------------- ----------------------------- -------- --------
Relationship to Description of transactions
Identity plan, employer including maturity date,
of party or other party rate of interest, collateral, Purchase Selling
involved of interest par or maturity value Price Price
- -------- --------------- ----------------------------- -------- --------
LNB Plan Trustee 100 shares of LNB Bancorp, $ 2,100 $ -
Investment Inc. common stock, $1.00
and Trust par value
Services
LNB Plan Trustee 100 shares of LNB Bancorp, $ 2,100 $ -
Investment Inc. common stock, $1.00
and Trust par value
Services
LNB Plan Trustee 100 shares of LNB Bancorp, $ 2,100 $ -
Investment Inc. common stock, $1.00
and Trust par value
Services
LNB Plan Trustee 100 shares of LNB Bancorp, $ 2,100 $ -
Investment Inc. common stock, $1.00
and Trust par value
Services
LNB Plan Trustee 100 shares of LNB Bancorp, $ 2,069 $ -
Investment Inc. common stock, $1.00
and Trust par value
Services
LNB Plan Trustee 100 shares of LNB Bancorp, $ 2,062 $ -
Investment Inc. common stock, $1.00
and Trust par value
Services
THE LORAIN NATIONAL BANK
EMPLOYEE STOCK OWNERSHIP PLAN
EIN: 34-0869480
PLAN NUMBER: 003
Schedule G, Part III - Nonexempt Transactions
Year ended December 31, 2002
* Current value of asset is the lowest trade price on the date of the
transaction.
Column A Column B Column F Column G Column H Column I Column J
- -------- --------------- -------- ----------- -------- -------- -----------
Relationship to Expenses Net gain
Identity plan, employer incurred Current (loss)
of party or other party Lease with the Cost of Value of on each
involved of interest Rental transaction Asset Asset* transaction
- -------- --------------- -------- ----------- -------- -------- -----------
LNB Plan Trustee $ - $ 35 $ 2,135 $ 2,075 $ -
Investment
and Trust
Services
LNB Plan Trustee $ - $ 35 $ 2,135 $ 2,025 $ -
Investment
and Trust
Services
LNB Plan Trustee $ - $ 35 $ 2,135 $ 2,075 $ -
Investment
and Trust
Services
LNB Plan Trustee $ - $ 35 $ 2,135 $ 2,000 $ -
Investment
and Trust
Services
LNB Plan Trustee $ - $ 35 $ 2,104 $ 2,025 $ -
Investment
and Trust
Services
LNB Plan Trustee $ - $ 35 $ 2,097 $ 2,025 $ -
Investment
and Trust
Services
THE LORAIN NATIONAL BANK
EMPLOYEE STOCK OWNERSHIP PLAN
EIN: 34-0869480
PLAN NUMBER: 003
Schedule G, Part III - Nonexempt Transactions
Year ended December 31, 2002
* Current value of asset is the lowest trade price on the date of the
transaction.
Column A Column B Column C Column D Column E
- -------- --------------- ----------------------------- -------- --------
Relationship to Description of transactions
Identity plan, employer including maturity date,
of party or other party rate of interest, collateral, Purchase Selling
involved of interest par or maturity value Price Price
- -------- --------------- ----------------------------- -------- --------
LNB Plan Trustee 100 shares of LNB Bancorp, $ 2,063 $ -
Investment Inc. common stock, $1.00
and Trust par value
Services
LNB Plan Trustee 100 shares of LNB Bancorp, $ 2,062 $ -
Investment Inc. common stock, $1.00
and Trust par value
Services
LNB Plan Trustee 100 shares of LNB Bancorp, $ 2,075 $ -
Investment Inc. common stock, $1.00
and Trust par value
Services
LNB Plan Trustee 100 shares of LNB Bancorp, $ 2,075 $ -
Investment Inc. common stock, $1.00
and Trust par value
Services
LNB Plan Trustee 100 shares of LNB Bancorp, $ 2,100 $ -
Investment Inc. common stock, $1.00
and Trust par value
Services
LNB Plan Trustee 100 shares of LNB Bancorp, $ 2,075 $ -
Investment Inc. common stock, $1.00
and Trust par value
Services
THE LORAIN NATIONAL BANK
EMPLOYEE STOCK OWNERSHIP PLAN
EIN: 34-0869480
PLAN NUMBER: 003
Schedule G, Part III - Nonexempt Transactions
Year ended December 31, 2002
* Current value of asset is the lowest trade price on the date of the
transaction.
Column A Column B Column F Column G Column H Column I Column J
- -------- --------------- -------- ----------- -------- -------- -----------
Relationship to Expenses Net gain
Identity plan, employer incurred Current (loss)
of party or other party Lease with the Cost of Value of on each
involved of interest Rental transaction Asset Asset transaction
- -------- --------------- -------- ----------- -------- -------- -----------
LNB Plan Trustee $ - $ 35 $ 2,098 $ 2,012 $ -
Investment
and Trust
Services
LNB Plan Trustee $ - $ 35 $ 2,097 $ 2,025 $ -
Investment
and Trust
Services
LNB Plan Trustee $ - $ 35 $ 2,110 $ 2,075 $ -
Investment
and Trust
Services
LNB Plan Trustee $ - $ 35 $ 2,110 $ 2,075 $ -
Investment
and Trust
Services
LNB Plan Trustee $ - $ 35 $ 2,135 $ 2,075 $ -
Investment
and Trust
Services
LNB Plan Trustee $ - $ 35 $ 2,110 $ 2,075 $ -
Investment
and Trust
Services
THE LORAIN NATIONAL BANK
EMPLOYEE STOCK OWNERSHIP PLAN
EIN: 34-0869480
PLAN NUMBER: 003
Schedule G, Part III - Nonexempt Transactions
Year ended December 31, 2002
* Current value of asset is the lowest trade price on the date of the
transaction.
Column A Column B Column C Column D Column E
- -------- --------------- ----------------------------- -------- --------
Relationship to Description of transactions
Identity plan, employer including maturity date,
of party or other party rate of interest, collateral, Purchase Selling
involved of interest par or maturity value Price Price
- -------- --------------- ----------------------------- -------- --------
LNB Plan Trustee 100 shares of LNB Bancorp, $ 2,050 $ -
Investment Inc. common stock, $1.00
and Trust par value
Services
LNB Plan Trustee 100 shares of LNB Bancorp, $ 2,050 $ -
Investment Inc. common stock, $1.00
and Trust par value
Services
LNB Plan Trustee 100 shares of LNB Bancorp, $ 2,147 $ -
Investment Inc. common stock, $1.00
and Trust par value
Services
LNB Plan Trustee 100 shares of LNB Bancorp, $ 2,050 $ -
Investment Inc. common stock, $1.00
and Trust par value
Services
LNB Plan Trustee 100 shares of LNB Bancorp, $ 2,050 $ -
Investment Inc. common stock, $1.00
and Trust par value
Services
LNB Plan Trustee 100 shares of LNB Bancorp, $ 2,050 $ -
Investment Inc. common stock, $1.00
and Trust par value
Services
THE LORAIN NATIONAL BANK
EMPLOYEE STOCK OWNERSHIP PLAN
EIN: 34-0869480
PLAN NUMBER: 003
Schedule G, Part III - Nonexempt Transactions
Year ended December 31, 2002
* Current value of asset is the lowest trade price on the date of the
transaction.
Column A Column B Column F Column G Column H Column I Column J
- -------- --------------- -------- ----------- -------- -------- -----------
Relationship to Expenses Net gain
Identity plan, employer incurred Current (loss)
of party or other party Lease with the Cost of Value of on each
involved of interest Rental transaction Asset Asset* transaction
- -------- --------------- -------- ----------- -------- -------- -----------
LNB Plan Trustee $ - $ 35 $ 2,085 $ 2,025 $ -
Investment
and Trust
Services
LNB Plan Trustee $ - $ 35 $ 2,085 $ 2,025 $ -
Investment
and Trust
Services
LNB Plan Trustee $ - $ 35 $ 2,182 $ 2,000 $ -
Investment
and Trust
Services
LNB Plan Trustee $ - $ 35 $ 2,085 $ 1,975 $ -
Investment
and Trust
Services
LNB Plan Trustee $ - $ 35 $ 2,085 $ 2,050 $ -
Investment
and Trust
Services
LNB Plan Trustee $ - $ 35 $ 2,085 $ 1,975 $ -
Investment
and Trust
Services
THE LORAIN NATIONAL BANK
EMPLOYEE STOCK OWNERSHIP PLAN
EIN: 34-0869480
PLAN NUMBER: 003
Schedule G, Part III - Nonexempt Transactions
Year ended December 31, 2002
* Current value of asset is the lowest trade price on the date of the
transaction.
Column A Column B Column C Column D Column E
- -------- --------------- ----------------------------- -------- --------
Relationship to Description of transactions
Identity plan, employer including maturity date,
of party or other party rate of interest, collateral, Purchase Selling
involved of interest par or maturity value Price Price
- -------- --------------- ----------------------------- -------- --------
LNB Plan Trustee 100 shares of LNB Bancorp, $ 1,938 $ -
Investment Inc. common stock, $1.00
and Trust par value
Services
LNB Plan Trustee 100 shares of LNB Bancorp, $ 2,000 $ -
Investment Inc. common stock, $1.00
and Trust par value
Services
LNB Plan Trustee 100 shares of LNB Bancorp, $ 1,950 $ -
Investment Inc. common stock, $1.00
and Trust par value
Services
LNB Plan Trustee 100 shares of LNB Bancorp, $ 1,938 $ -
Investment Inc. common stock, $1.00
and Trust par value
Services
LNB Plan Trustee 100 shares of LNB Bancorp, $ 1,962 $ -
Investment Inc. common stock, $1.00
and Trust par value
Services
LNB Plan Trustee 100 shares of LNB Bancorp, $ 1,963 $ -
Investment Inc. common stock, $1.00
and Trust par value
Services
THE LORAIN NATIONAL BANK
EMPLOYEE STOCK OWNERSHIP PLAN
EIN: 34-0869480
PLAN NUMBER: 003
Schedule G, Part III - Nonexempt Transactions
Year ended December 31, 2002
* Current value of asset is the lowest trade price on the date of the
transaction.
Column A Column B Column F Column G Column H Column I Column J
- -------- --------------- -------- ----------- -------- -------- -----------
Relationship to Expenses Net gain
Identity plan, employer incurred Current (loss)
of party or other party Lease with the Cost of Value of on each
involved of interest Rental transaction Asset Asset transaction
- -------- --------------- -------- ----------- -------- -------- -----------
LNB Plan Trustee $ - $ 35 $ 1,973 $ 1,862 $ -
Investment
and Trust
Services
LNB Plan Trustee $ - $ 35 $ 2,035 $ 2,000 $ -
Investment
and Trust
Services
LNB Plan Trustee $ - $ 35 $ 1,985 $ 1,950 $ -
Investment
and Trust
Services
LNB Plan Trustee $ - $ 35 $ 1,973 $ 1,875 $ -
Investment
and Trust
Services
LNB Plan Trustee $ - $ 35 $ 1,997 $ 1,963 $ -
Investment
and Trust
Services
LNB Plan Trustee $ - $ 35 $ 1,998 $ 1,900 $ -
Investment
and Trust
Services
THE LORAIN NATIONAL BANK
EMPLOYEE STOCK OWNERSHIP PLAN
EIN: 34-0869480
PLAN NUMBER: 003
Schedule G, Part III - Nonexempt Transactions
Year ended December 31, 2002
* Current value of asset is the lowest trade price on the date of the
transaction.
Column A Column B Column C Column D Column E
- -------- --------------- ----------------------------- -------- --------
Relationship to Description of transactions
Identity plan, employer including maturity date,
of party or other party rate of interest, collateral, Purchase Selling
involved of interest par or maturity value Price Price
- -------- --------------- ----------------------------- -------- --------
LNB Plan Trustee 100 shares of LNB Bancorp, $ 1,962 $ -
Investment Inc. common stock, $1.00
and Trust par value
Services
LNB Plan Trustee 100 shares of LNB Bancorp, $ 1,963 $ -
Investment Inc. common stock, $1.00
and Trust par value
Services
LNB Plan Trustee 100 shares of LNB Bancorp, $ 1,962 $ -
Investment Inc. common stock, $1.00
and Trust par value
Services
LNB Plan Trustee 100 shares of LNB Bancorp, $ 1,963 $ -
Investment Inc. common stock, $1.00
and Trust par value
Services
LNB Plan Trustee 100 shares of LNB Bancorp, $ 2,050 $ -
Investment Inc. common stock, $1.00
and Trust par value
Services
LNB Plan Trustee 100 shares of LNB Bancorp, $ 2,038 $ -
Investment Inc. common stock, $1.00
and Trust par value
Services
THE LORAIN NATIONAL BANK
EMPLOYEE STOCK OWNERSHIP PLAN
EIN: 34-0869480
PLAN NUMBER: 003
Schedule G, Part III - Nonexempt Transactions
Year ended December 31, 2002
* Current value of asset is the lowest trade price on the date of the
transaction.
Column A Column B Column F Column G Column H Column I Column J
- -------- --------------- -------- ----------- -------- -------- -----------
Relationship to Expenses Net gain
Identity plan, employer incurred Current (loss)
of party or other party Lease with the Cost of Value of on each
involved of interest Rental transaction Asset Asset* transaction
- -------- --------------- -------- ----------- -------- -------- -----------
LNB Plan Trustee $ - $ 35 $ 1,997 $ 1,900 $ -
Investment
and Trust
Services
LNB Plan Trustee $ - $ 35 $ 1,998 $ 1,900 $ -
Investment
and Trust
Services
LNB Plan Trustee $ - $ 35 $ 1,997 $ 1,875 $ -
Investment
and Trust
Services
LNB Plan Trustee $ - $ 35 $ 1,998 $ 1,925 $ -
Investment
and Trust
Services
LNB Plan Trustee $ - $ 35 $ 2,085 $ 1,962 $ -
Investment
and Trust
Services
LNB Plan Trustee $ - $ 35 $ 2,073 $ 1,975 $ -
Investment
and Trust
Services
THE LORAIN NATIONAL BANK
EMPLOYEE STOCK OWNERSHIP PLAN
EIN: 34-0869480
PLAN NUMBER: 003
Schedule G, Part III - Nonexempt Transactions
Year ended December 31, 2002
* Current value of asset is the lowest trade price on the date of the
transaction.
Column A Column B Column C Column D Column E
- -------- --------------- ----------------------------- -------- --------
Relationship to Description of transactions
Identity plan, employer including maturity date,
of party or other party rate of interest, collateral, Purchase Selling
involved of interest par or maturity value Price Price
- -------- --------------- ----------------------------- -------- --------
LNB Plan Trustee 100 shares of LNB Bancorp, $ 2,125 $ -
Investment Inc. common stock, $1.00
and Trust par value
Services
LNB Plan Trustee 100 shares of LNB Bancorp, $ 2,125 $ -
Investment Inc. common stock, $1.00
and Trust par value
Services
LNB Plan Trustee 100 shares of LNB Bancorp, $ 2,175 $ -
Investment Inc. common stock, $1.00
and Trust par value
Services
LNB Plan Trustee 100 shares of LNB Bancorp, $ 2,350 $ -
Investment Inc. common stock, $1.00
and Trust par value
Services
LNB Plan Trustee 100 shares of LNB Bancorp, $ 2,300 $ -
Investment Inc. common stock, $1.00
and Trust par value
Services
LNB Plan Trustee 100 shares of LNB Bancorp, $ 2,275 $ -
Investment Inc. common stock, $1.00
and Trust par value
Services
THE LORAIN NATIONAL BANK
EMPLOYEE STOCK OWNERSHIP PLAN
EIN: 34-0869480
PLAN NUMBER: 003
Schedule G, Part III - Nonexempt Transactions
Year ended December 31, 2002
* Current value of asset is the lowest trade price on the date of the
transaction.
Column A Column B Column F Column G Column H Column I Column J
- -------- --------------- -------- ----------- -------- -------- -----------
Relationship to Expenses Net gain
Identity plan, employer incurred Current (loss)
of party or other party Lease with the Cost of Value of on each
involved of interest Rental transaction Asset Asset transaction
- -------- --------------- -------- ----------- -------- -------- -----------
LNB Plan Trustee $ - $ 35 $ 2,160 $ 2,112 $ -
Investment
and Trust
Services
LNB Plan Trustee $ - $ 35 $ 2,160 $ 2,112 $ -
Investment
and Trust
Services
LNB Plan Trustee $ - $ 35 $ 2,210 $ 2,113 $ -
Investment
and Trust
Services
LNB Plan Trustee $ - $ 35 $ 2,385 $ 2,175 $ -
Investment
and Trust
Services
LNB Plan Trustee $ - $ 35 $ 2,335 $ 2,250 $ -
Investment
and Trust
Services
LNB Plan Trustee $ - $ 35 $ 2,310 $ 2,150 $ -
Investment
and Trust
Services
THE LORAIN NATIONAL BANK
EMPLOYEE STOCK OWNERSHIP PLAN
EIN: 34-0869480
PLAN NUMBER: 003
Schedule G, Part III - Nonexempt Transactions
Year ended December 31, 2002
* Current value of asset is the lowest trade price on the date of the
transaction.
Column A Column B Column C Column D Column E
- -------- --------------- ----------------------------- -------- --------
Relationship to Description of transactions
Identity plan, employer including maturity date,
of party or other party rate of interest, collateral, Purchase Selling
involved of interest par or maturity value Price Price
- -------- --------------- ----------------------------- -------- --------
LNB Plan Trustee 100 shares of LNB Bancorp, $ 2,200 $ -
Investment Inc. common stock, $1.00
and Trust par value
Services
LNB Plan Trustee 100 shares of LNB Bancorp, $ 2,200 $ -
Investment Inc. common stock, $1.00
and Trust par value
Services
LNB Plan Trustee 100 shares of LNB Bancorp, $ 2,238 $ -
Investment Inc. common stock, $1.00
and Trust par value
Services
LNB Plan Trustee 100 shares of LNB Bancorp, $ 2,250 $ -
Investment Inc. common stock, $1.00
and Trust par value
Services
LNB Plan Trustee 100 shares of LNB Bancorp, $ 2,250 $ -
Investment Inc. common stock, $1.00
and Trust par value
Services
LNB Plan Trustee 100 shares of LNB Bancorp, $ 2,250 $ -
Investment Inc. common stock, $1.00
and Trust par value
Services
THE LORAIN NATIONAL BANK
EMPLOYEE STOCK OWNERSHIP PLAN
EIN: 34-0869480
PLAN NUMBER: 003
Schedule G, Part III - Nonexempt Transactions
Year ended December 31, 2002
* Current value of asset is the lowest trade price on the date of the
transaction.
Column A Column B Column F Column G Column H Column I Column J
- -------- --------------- -------- ----------- -------- -------- -----------
Relationship to Expenses Net gain
Identity plan, employer incurred Current (loss)
of party or other party Lease with the Cost of Value of on each
involved of interest Rental transaction Asset Asset* transaction
- -------- --------------- -------- ----------- -------- -------- -----------
LNB Plan Trustee $ - $ 35 $ 2,235 $ 2,200 $ -
Investment
and Trust
Services
LNB Plan Trustee $ - $ 35 $ 2,235 $ 2,150 $ -
Investment
and Trust
Services
LNB Plan Trustee $ - $ 35 $ 2,273 $ 2,238 $ -
Investment
and Trust
Services
LNB Plan Trustee $ - $ 35 $ 2,285 $ 2,150 $ -
Investment
and Trust
Services
LNB Plan Trustee $ - $ 35 $ 2,285 $ 2,250 $ -
Investment
and Trust
Services
LNB Plan Trustee $ - $ 35 $ 2,285 $ 2,200 $ -
Investment
and Trust
Services
THE LORAIN NATIONAL BANK
EMPLOYEE STOCK OWNERSHIP PLAN
EIN: 34-0869480
PLAN NUMBER: 003
Schedule G, Part III - Nonexempt Transactions
Year ended December 31, 2002
* Current value of asset is the lowest trade price on the date of the
transaction.
Column A Column B Column C Column D Column E
- -------- --------------- ----------------------------- -------- --------
Relationship to Description of transactions
Identity plan, employer including maturity date,
of party or other party rate of interest, collateral, Purchase Selling
involved of interest par or maturity value Price Price
- -------- --------------- ----------------------------- -------- --------
LNB Plan Trustee 100 shares of LNB Bancorp, $ 2,250 $ -
Investment Inc. common stock, $1.00
and Trust par value
Services
LNB Plan Trustee 100 shares of LNB Bancorp, $ 2,263 $ -
Investment Inc. common stock, $1.00
and Trust par value
Services
LNB Plan Trustee 100 shares of LNB Bancorp, $ 2,262 $ -
Investment Inc. common stock, $1.00
and Trust par value
Services
LNB Plan Trustee 100 shares of LNB Bancorp, $ 2,263 $ -
Investment Inc. common stock, $1.00
and Trust par value
Services
LNB Plan Trustee 100 shares of LNB Bancorp, $ 2,300 $ -
Investment Inc. common stock, $1.00
and Trust par value
Services
LNB Plan Trustee 100 shares of LNB Bancorp, $ 2,300 $ -
Investment Inc. common stock, $1.00
and Trust par value
Services
THE LORAIN NATIONAL BANK
EMPLOYEE STOCK OWNERSHIP PLAN
EIN: 34-0869480
PLAN NUMBER: 003
Schedule G, Part III - Nonexempt Transactions
Year ended December 31, 2002
* Current value of asset is the lowest trade price on the date of the
transaction.
Column A Column B Column F Column G Column H Column I Column J
- -------- --------------- -------- ----------- -------- -------- -----------
Relationship to Expenses Net gain
Identity plan, employer incurred Current (loss)
of party or other party Lease with the Cost of Value of on each
involved of interest Rental transaction Asset Asset transaction
- -------- --------------- -------- ----------- -------- -------- -----------
LNB Plan Trustee $ - $ 35 $ 2,285 $ 2,225 $ -
Investment
and Trust
Services
LNB Plan Trustee $ - $ 35 $ 2,298 $ 2,200 $ -
Investment
and Trust
Services
LNB Plan Trustee $ - $ 35 $ 2,297 $ 2,262 $ -
Investment
and Trust
Services
LNB Plan Trustee $ - $ 35 $ 2,298 $ 2,200 $ -
Investment
and Trust
Services
LNB Plan Trustee $ - $ 35 $ 2,335 $ 2,275 $ -
Investment
and Trust
Services
LNB Plan Trustee $ - $ 35 $ 2,335 $ 2,300 $ -
Investment
and Trust
Services
THE LORAIN NATIONAL BANK
EMPLOYEE STOCK OWNERSHIP PLAN
EIN: 34-0869480
PLAN NUMBER: 003
Schedule G, Part III - Nonexempt Transactions
Year ended December 31, 2002
* Current value of asset is the lowest trade price on the date of the
transaction.
Column A Column B Column C Column D Column E
- -------- --------------- ----------------------------- -------- --------
Relationship to Description of transactions
Identity plan, employer including maturity date,
of party or other party rate of interest, collateral, Purchase Selling
involved of interest par or maturity value Price Price
- -------- --------------- ----------------------------- -------- --------
LNB Plan Trustee 100 shares of LNB Bancorp, $ 2,300 $ -
Investment Inc. common stock, $1.00
and Trust par value
Services
LNB Plan Trustee 100 shares of LNB Bancorp, $ 2,300 $ -
Investment Inc. common stock, $1.00
and Trust par value
Services
LNB Plan Trustee 100 shares of LNB Bancorp, $ 2,300 $ -
Investment Inc. common stock, $1.00
and Trust par value
Services
LNB Plan Trustee 100 shares of LNB Bancorp, $ 2,294 $ -
Investment Inc. common stock, $1.00
and Trust par value
Services
LNB Plan Trustee 100 shares of LNB Bancorp, $ 2,294 $ -
Investment Inc. common stock, $1.00
and Trust par value
Services
LNB Plan Trustee 100 shares of LNB Bancorp, $ 2,294 $ -
Investment Inc. common stock, $1.00
and Trust par value
Services
THE LORAIN NATIONAL BANK
EMPLOYEE STOCK OWNERSHIP PLAN
EIN: 34-0869480
PLAN NUMBER: 003
Schedule G, Part III - Nonexempt Transactions
Year ended December 31, 2002
* Current value of asset is the lowest trade price on the date of the
transaction.
Column A Column B Column F Column G Column H Column I Column J
- -------- --------------- -------- ----------- -------- -------- -----------
Relationship to Expenses Net gain
Identity plan, employer incurred Current (loss)
of party or other party Lease with the Cost of Value of on each
involved of interest Rental transaction Asset Asset* transaction
- -------- --------------- -------- ----------- -------- -------- -----------
LNB Plan Trustee $ - $ 35 $ 2,335 $ 2,200 $ -
Investment
and Trust
Services
LNB Plan Trustee $ - $ 35 $ 2,335 $ 2,300 $ -
Investment
and Trust
Services
LNB Plan Trustee $ - $ 35 $ 2,335 $ 2,300 $ -
Investment
and Trust
Services
LNB Plan Trustee $ - $ 35 $ 2,329 $ 2,294 $ -
Investment
and Trust
Services
LNB Plan Trustee $ - $ 35 $ 2,329 $ 2,250 $ -
Investment
and Trust
Services
LNB Plan Trustee $ - $ 35 $ 2,329 $ 2,225 $ -
Investment
and Trust
Services
THE LORAIN NATIONAL BANK
EMPLOYEE STOCK OWNERSHIP PLAN
EIN: 34-0869480
PLAN NUMBER: 003
Schedule G, Part III - Nonexempt Transactions
Year ended December 31, 2002
* Current value of asset is the lowest trade price on the date of the
transaction.
Column A Column B Column C Column D Column E
- -------- --------------- ----------------------------- -------- --------
Relationship to Description of transactions
Identity plan, employer including maturity date,
of party or other party rate of interest, collateral, Purchase Selling
involved of interest par or maturity value Price Price
- -------- --------------- ----------------------------- -------- --------
LNB Plan Trustee 100 shares of LNB Bancorp, $ 2,275 $ -
Investment Inc. common stock, $1.00
and Trust par value
Services
LNB Plan Trustee 100 shares of LNB Bancorp, $ 2,275 $ -
Investment Inc. common stock, $1.00
and Trust par value
Services
LNB Plan Trustee 100 shares of LNB Bancorp, $ 2,275 $ -
Investment Inc. common stock, $1.00
and Trust par value
Services
LNB Plan Trustee 100 shares of LNB Bancorp, $ 2,275 $ -
Investment Inc. common stock, $1.00
and Trust par value
Services
LNB Plan Trustee 100 shares of LNB Bancorp, $ 2,200 $ -
Investment Inc. common stock, $1.00
and Trust par value
Services
LNB Plan Trustee 100 shares of LNB Bancorp, $ 2,149 $ -
Investment Inc. common stock, $1.00
and Trust par value
Services
THE LORAIN NATIONAL BANK
EMPLOYEE STOCK OWNERSHIP PLAN
EIN: 34-0869480
PLAN NUMBER: 003
Schedule G, Part III - Nonexempt Transactions
Year ended December 31, 2002
* Current value of asset is the lowest trade price on the date of the
transaction.
Column A Column B Column F Column G Column H Column I Column J
- -------- --------------- -------- ----------- -------- -------- -----------
Relationship to Expenses Net gain
Identity plan, employer incurred Current (loss)
of party or other party Lease with the Cost of Value of on each
involved of interest Rental transaction Asset Asset transaction
- -------- --------------- -------- ----------- -------- -------- -----------
LNB Plan Trustee $ - $ 35 $ 2,310 $ 2,275 $ -
Investment
and Trust
Services
LNB Plan Trustee $ - $ 35 $ 2,310 $ 2,250 $ -
Investment
and Trust
Services
LNB Plan Trustee $ - $ 35 $ 2,310 $ 2,275 $ -
Investment
and Trust
Services
LNB Plan Trustee $ - $ 35 $ 2,310 $ 2,250 $ -
Investment
and Trust
Services
LNB Plan Trustee $ - $ 35 $ 2,235 $ 2,025 $ -
Investment
and Trust
Services
LNB Plan Trustee $ - $ 35 $ 2,184 $ 2,000 $ -
Investment
and Trust
Services
THE LORAIN NATIONAL BANK
EMPLOYEE STOCK OWNERSHIP PLAN
EIN: 34-0869480
PLAN NUMBER: 003
Schedule G, Part III - Nonexempt Transactions
Year ended December 31, 2002
* Current value of asset is the lowest trade price on the date of the
transaction.
Column A Column B Column C Column D Column E
- -------- --------------- ----------------------------- -------- --------
Relationship to Description of transactions
Identity plan, employer including maturity date,
of party or other party rate of interest, collateral, Purchase Selling
involved of interest par or maturity value Price Price
- -------- --------------- ----------------------------- -------- --------
LNB Plan Trustee 100 shares of LNB Bancorp, $ 2,150 $ -
Investment Inc. common stock, $1.00
and Trust par value
Services
LNB Plan Trustee 100 shares of LNB Bancorp, $ 2,050 $ -
Investment Inc. common stock, $1.00
and Trust par value
Services
LNB Plan Trustee 100 shares of LNB Bancorp, $ 2,100 $ -
Investment Inc. common stock, $1.00
and Trust par value
Services
LNB Plan Trustee 100 shares of LNB Bancorp, $ 2,150 $ -
Investment Inc. common stock, $1.00
and Trust par value
Services
LNB Plan Trustee 100 shares of LNB Bancorp, $ 2,150 $ -
Investment Inc. common stock, $1.00
and Trust par value
Services
LNB Plan Trustee 100 shares of LNB Bancorp, $ 2,100 $ -
Investment Inc. common stock, $1.00
and Trust par value
Services
THE LORAIN NATIONAL BANK
EMPLOYEE STOCK OWNERSHIP PLAN
EIN: 34-0869480
PLAN NUMBER: 003
Schedule G, Part III - Nonexempt Transactions
Year ended December 31, 2002
* Current value of asset is the lowest trade price on the date of the
transaction.
Column A Column B Column F Column G Column H Column I Column J
- -------- --------------- -------- ----------- -------- -------- -----------
Relationship to Expenses Net gain
Identity plan, employer incurred Current (loss)
of party or other party Lease with the Cost of Value of on each
involved of interest Rental transaction Asset Asset* transaction
- -------- --------------- -------- ----------- -------- -------- -----------
LNB Plan Trustee $ - $ 35 $ 2,185 $ 2,000 $ -
Investment
and Trust
Services
LNB Plan Trustee $ - $ 35 $ 2,085 $ 2,050 $ -
Investment
and Trust
Services
LNB Plan Trustee $ - $ 35 $ 2,135 $ 2,100 $ -
Investment
and Trust
Services
LNB Plan Trustee $ - $ 35 $ 2,185 $ 2,150 $ -
Investment
and Trust
Services
LNB Plan Trustee $ - $ 35 $ 2,185 $ 2,012 $ -
Investment
and Trust
Services
LNB Plan Trustee $ - $ 35 $ 2,135 $ 2,012 $ -
Investment
and Trust
Services
THE LORAIN NATIONAL BANK
EMPLOYEE STOCK OWNERSHIP PLAN
EIN: 34-0869480
PLAN NUMBER: 003
Schedule G, Part III - Nonexempt Transactions
Year ended December 31, 2002
* Current value of asset is the lowest trade price on the date of the
transaction.
Column A Column B Column C Column D Column E
- -------- --------------- ----------------------------- -------- --------
Relationship to Description of transactions
Identity plan, employer including maturity date,
of party or other party rate of interest, collateral, Purchase Selling
involved of interest par or maturity value Price Price
- -------- --------------- ----------------------------- -------- --------
LNB Plan Trustee 100 shares of LNB Bancorp, $ 2,100 $ -
Investment Inc. common stock, $1.00
and Trust par value
Services
LNB Plan Trustee 100 shares of LNB Bancorp, $ 2,100 $ -
Investment Inc. common stock, $1.00
and Trust par value
Services
LNB Plan Trustee 100 shares of LNB Bancorp, $ 2,050 $ -
Investment Inc. common stock, $1.00
and Trust par value
Services
LNB Plan Trustee 100 shares of LNB Bancorp, $ 2,050 $ -
Investment Inc. common stock, $1.00
and Trust par value
Services
LNB Plan Trustee 100 shares of LNB Bancorp, $ 2,100 $ -
Investment Inc. common stock, $1.00
and Trust par value
Services
LNB Plan Trustee 100 shares of LNB Bancorp, $ 2,125 $ -
Investment Inc. common stock, $1.00
and Trust par value
Services
THE LORAIN NATIONAL BANK
EMPLOYEE STOCK OWNERSHIP PLAN
EIN: 34-0869480
PLAN NUMBER: 003
Schedule G, Part III - Nonexempt Transactions
Year ended December 31, 2002
* Current value of asset is the lowest trade price on the date of the
transaction.
Column A Column B Column F Column G Column H Column I Column J
- -------- --------------- -------- ----------- -------- -------- -----------
Relationship to Expenses Net gain
Identity plan, employer incurred Current (loss)
of party or other party Lease with the Cost of Value of on each
involved of interest Rental transaction Asset Asset transaction
- -------- --------------- -------- ----------- -------- -------- -----------
LNB Plan Trustee $ - $ 35 $ 2,135 $ 2,100 $ -
Investment
and Trust
Services
LNB Plan Trustee $ - $ 35 $ 2,135 $ 2,025 $ -
Investment
and Trust
Services
LNB Plan Trustee $ - $ 35 $ 2,085 $ 2,025 $ -
Investment
and Trust
Services
LNB Plan Trustee $ - $ 35 $ 2,085 $ 2,025 $ -
Investment
and Trust
Services
LNB Plan Trustee $ - $ 35 $ 2,135 $ 2,050 $ -
Investment
and Trust
Services
LNB Plan Trustee $ - $ 35 $ 2,160 $ 2,125 $ -
Investment
and Trust
Services
THE LORAIN NATIONAL BANK
EMPLOYEE STOCK OWNERSHIP PLAN
EIN: 34-0869480
PLAN NUMBER: 003
Schedule G, Part III - Nonexempt Transactions
Year ended December 31, 2002
* Current value of asset is the lowest trade price on the date of the
transaction.
Column A Column B Column C Column D Column E
- -------- --------------- ----------------------------- -------- --------
Relationship to Description of transactions
Identity plan, employer including maturity date,
of party or other party rate of interest, collateral, Purchase Selling
involved of interest par or maturity value Price Price
- -------- --------------- ----------------------------- -------- --------
LNB Plan Trustee 100 shares of LNB Bancorp, $ 2,075 $ -
Investment Inc. common stock, $1.00
and Trust par value
Services
LNB Plan Trustee 100 shares of LNB Bancorp, $ 2,125 $ -
Investment Inc. common stock, $1.00
and Trust par value
Services
LNB Plan Trustee 100 shares of LNB Bancorp, $ 2,100 $ -
Investment Inc. common stock, $1.00
and Trust par value
Services
LNB Plan Trustee 100 shares of LNB Bancorp, $ 2,100 $ -
Investment Inc. common stock, $1.00
and Trust par value
Services
LNB Plan Trustee 100 shares of LNB Bancorp, $ 2,094 $ -
Investment Inc. common stock, $1.00
and Trust par value
Services
LNB Plan Trustee 100 shares of LNB Bancorp, $ 2,075 $ -
Investment Inc. common stock, $1.00
and Trust par value
Services
THE LORAIN NATIONAL BANK
EMPLOYEE STOCK OWNERSHIP PLAN
EIN: 34-0869480
PLAN NUMBER: 003
Schedule G, Part III - Nonexempt Transactions
Year ended December 31, 2002
* Current value of asset is the lowest trade price on the date of the
transaction.
Column A Column B Column F Column G Column H Column I Column J
- -------- --------------- -------- ----------- -------- -------- -----------
Relationship to Expenses Net gain
Identity plan, employer incurred Current (loss)
of party or other party Lease with the Cost of Value of on each
involved of interest Rental transaction Asset Asset* transaction
- -------- --------------- -------- ----------- -------- -------- -----------
LNB Plan Trustee $ - $ 35 $ 2,110 $ 2,050 $ -
Investment
and Trust
Services
LNB Plan Trustee $ - $ 35 $ 2,160 $ 2,125 $ -
Investment
and Trust
Services
LNB Plan Trustee $ - $ 35 $ 2,135 $ 2,100 $ -
Investment
and Trust
Services
LNB Plan Trustee $ - $ 35 $ 2,135 $ 2,100 $ -
Investment
and Trust
Services
LNB Plan Trustee $ - $ 35 $ 2,129 $ 2,050 $ -
Investment
and Trust
Services
LNB Plan Trustee $ - $ 35 $ 2,110 $ 2,050 $ -
Investment
and Trust
Services
THE LORAIN NATIONAL BANK
EMPLOYEE STOCK OWNERSHIP PLAN
EIN: 34-0869480
PLAN NUMBER: 003
Schedule G, Part III - Nonexempt Transactions
Year ended December 31, 2002
* Current value of asset is the lowest trade price on the date of the
transaction.
Column A Column B Column C Column D Column E
- -------- --------------- ----------------------------- -------- --------
Relationship to Description of transactions
Identity plan, employer including maturity date,
of party or other party rate of interest, collateral, Purchase Selling
involved of interest par or maturity value Price Price
- -------- --------------- ----------------------------- -------- --------
LNB Plan Trustee 100 shares of LNB Bancorp, $ 2,087 $ -
Investment Inc. common stock, $1.00
and Trust par value
Services
LNB Plan Trustee 100 shares of LNB Bancorp, $ 2,088 $ -
Investment Inc. common stock, $1.00
and Trust par value
Services
LNB Plan Trustee 100 shares of LNB Bancorp, $ 2,100 $ -
Investment Inc. common stock, $1.00
and Trust par value
Services
LNB Plan Trustee 100 shares of LNB Bancorp, $ 2,113 $ -
Investment Inc. common stock, $1.00
and Trust par value
Services
LNB Plan Trustee 100 shares of LNB Bancorp, $ 2,125 $ -
Investment Inc. common stock, $1.00
and Trust par value
Services
LNB Plan Trustee 100 shares of LNB Bancorp, $ 2,170 $ -
Investment Inc. common stock, $1.00
and Trust par value
Services
THE LORAIN NATIONAL BANK
EMPLOYEE STOCK OWNERSHIP PLAN
EIN: 34-0869480
PLAN NUMBER: 003
Schedule G, Part III - Nonexempt Transactions
Year ended December 31, 2002
* Current value of asset is the lowest trade price on the date of the
transaction.
Column A Column B Column F Column G Column H Column I Column J
- -------- --------------- -------- ----------- -------- -------- -----------
Relationship to Expenses Net gain
Identity plan, employer incurred Current (loss)
of party or other party Lease with the Cost of Value of on each
involved of interest Rental transaction Asset Asset transaction
- -------- --------------- -------- ----------- -------- -------- -----------
LNB Plan Trustee $ - $ 35 $ 2,122 $ 2,050 $ -
Investment
and Trust
Services
LNB Plan Trustee $ - $ 35 $ 2,123 $ 2,075 $ -
Investment
and Trust
Services
LNB Plan Trustee $ - $ 35 $ 2,135 $ 2,050 $ -
Investment
and Trust
Services
LNB Plan Trustee $ - $ 35 $ 2,148 $ 2,100 $ -
Investment
and Trust
Services
LNB Plan Trustee $ - $ 35 $ 2,160 $ 2,100 $ -
Investment
and Trust
Services
LNB Plan Trustee $ - $ 35 $ 2,205 $ 2,112 $ -
Investment
and Trust
Services
THE LORAIN NATIONAL BANK
EMPLOYEE STOCK OWNERSHIP PLAN
EIN: 34-0869480
PLAN NUMBER: 003
Schedule G, Part III - Nonexempt Transactions
Year ended December 31, 2002
* Current value of asset is the lowest trade price on the date of the
transaction.
Column A Column B Column C Column D Column E
- -------- --------------- ----------------------------- -------- --------
Relationship to Description of transactions
Identity plan, employer including maturity date,
of party or other party rate of interest, collateral, Purchase Selling
involved of interest par or maturity value Price Price
- -------- --------------- ----------------------------- -------- --------
LNB Plan Trustee 100 shares of LNB Bancorp, $ 2,186 $ -
Investment Inc. common stock, $1.00
and Trust par value
Services
LNB Plan Trustee 100 shares of LNB Bancorp, $ 2,150 $ -
Investment Inc. common stock, $1.00
and Trust par value
Services
LNB Plan Trustee 100 shares of LNB Bancorp, $ 2,200 $ -
Investment Inc. common stock, $1.00
and Trust par value
Services
LNB Plan Trustee 100 shares of LNB Bancorp, $ 2,175 $ -
Investment Inc. common stock, $1.00
and Trust par value
Services
LNB Plan Trustee 100 shares of LNB Bancorp, $ 2,150 $ -
Investment Inc. common stock, $1.00
and Trust par value
Services
LNB Plan Trustee 100 shares of LNB Bancorp, $ 2,150 $ -
Investment Inc. common stock, $1.00
and Trust par value
Services
THE LORAIN NATIONAL BANK
EMPLOYEE STOCK OWNERSHIP PLAN
EIN: 34-0869480
PLAN NUMBER: 003
Schedule G, Part III - Nonexempt Transactions
Year ended December 31, 2002
* Current value of asset is the lowest trade price on the date of the
transaction.
Column A Column B Column F Column G Column H Column I Column J
- -------- --------------- -------- ----------- -------- -------- -----------
Relationship to Expenses Net gain
Identity plan, employer incurred Current (loss)
of party or other party Lease with the Cost of Value of on each
involved of interest Rental transaction Asset Asset* transaction
- -------- --------------- -------- ----------- -------- -------- -----------
LNB Plan Trustee $ - $ 35 $ 2,221 $ 2,175 $ -
Investment
and Trust
Services
LNB Plan Trustee $ - $ 35 $ 2,185 $ 2,150 $ -
Investment
and Trust
Services
LNB Plan Trustee $ - $ 35 $ 2,235 $ 2,015 $ -
Investment
and Trust
Services
LNB Plan Trustee $ - $ 35 $ 2,210 $ 2,195 $ -
Investment
and Trust
Services
LNB Plan Trustee $ - $ 35 $ 2,185 $ 2,150 $ -
Investment
and Trust
Services
LNB Plan Trustee $ - $ 35 $ 2,185 $ 2,150 $ -
Investment
and Trust
Services
THE LORAIN NATIONAL BANK
EMPLOYEE STOCK OWNERSHIP PLAN
EIN: 34-0869480
PLAN NUMBER: 003
Schedule G, Part III - Nonexempt Transactions
Year ended December 31, 2002
* Current value of asset is the lowest trade price on the date of the
transaction.
Column A Column B Column C Column D Column E
- -------- --------------- ----------------------------- -------- --------
Relationship to Description of transactions
Identity plan, employer including maturity date,
of party or other party rate of interest, collateral, Purchase Selling
involved of interest par or maturity value Price Price
- -------- --------------- ----------------------------- -------- --------
LNB Plan Trustee 100 shares of LNB Bancorp, $ 2,150 $ -
Investment Inc. common stock, $1.00
and Trust par value
Services
LNB Plan Trustee 100 shares of LNB Bancorp, $ 2,175 $ -
Investment Inc. common stock, $1.00
and Trust par value
Services
LNB Plan Trustee 100 shares of LNB Bancorp, $ 2,100 $ -
Investment Inc. common stock, $1.00
and Trust par value
Services
LNB Plan Trustee 100 shares of LNB Bancorp, $ 2,099 $ -
Investment Inc. common stock, $1.00
and Trust par value
Services
LNB Plan Trustee 100 shares of LNB Bancorp, $ 2,070 $ -
Investment Inc. common stock, $1.00
and Trust par value
Services
LNB Plan Trustee 100 shares of LNB Bancorp, $ 2,075 $ -
Investment Inc. common stock, $1.00
and Trust par value
Services
THE LORAIN NATIONAL BANK
EMPLOYEE STOCK OWNERSHIP PLAN
EIN: 34-0869480
PLAN NUMBER: 003
Schedule G, Part III - Nonexempt Transactions
Year ended December 31, 2002
* Current value of asset is the lowest trade price on the date of the
transaction.
Column A Column B Column F Column G Column H Column I Column J
- -------- --------------- -------- ----------- -------- -------- -----------
Relationship to Expenses Net gain
Identity plan, employer incurred Current (loss)
of party or other party Lease with the Cost of Value of on each
involved of interest Rental transaction Asset Asset transaction
- -------- --------------- -------- ----------- -------- -------- -----------
LNB Plan Trustee $ - $ 35 $ 2,185 $ 2,015 $ -
Investment
and Trust
Services
LNB Plan Trustee $ - $ 35 $ 2,210 $ 2,175 $ -
Investment
and Trust
Services
LNB Plan Trustee $ - $ 35 $ 2,135 $ 2,050 $ -
Investment
and Trust
Services
LNB Plan Trustee $ - $ 35 $ 2,134 $ 2,099 $ -
Investment
and Trust
Services
LNB Plan Trustee $ - $ 35 $ 2,105 $ 2,070 $ -
Investment
and Trust
Services
LNB Plan Trustee $ - $ 35 $ 2,110 $ 2,015 $ -
Investment
and Trust
Services
THE LORAIN NATIONAL BANK
EMPLOYEE STOCK OWNERSHIP PLAN
EIN: 34-0869480
PLAN NUMBER: 003
Schedule G, Part III - Nonexempt Transactions
Year ended December 31, 2002
* Current value of asset is the lowest trade price on the date of the
transaction.
Column A Column B Column C Column D Column E
- -------- --------------- ----------------------------- -------- --------
Relationship to Description of transactions
Identity plan, employer including maturity date,
of party or other party rate of interest, collateral, Purchase Selling
involved of interest par or maturity value Price Price
- -------- --------------- ----------------------------- -------- --------
LNB Plan Trustee 100 shares of LNB Bancorp, $ 2,075 $ -
Investment Inc. common stock, $1.00
and Trust par value
Services
LNB Plan Trustee 100 shares of LNB Bancorp, $ 2,065 $ -
Investment Inc. common stock, $1.00
and Trust par value
Services
LNB Plan Trustee 100 shares of LNB Bancorp, $ 2,065 $ -
Investment Inc. common stock, $1.00
and Trust par value
Services
LNB Plan Trustee 100 shares of LNB Bancorp, $ 2,065 $ -
Investment Inc. common stock, $1.00
and Trust par value
Services
LNB Plan Trustee 100 shares of LNB Bancorp, $ 2,075 $ -
Investment Inc. common stock, $1.00
and Trust par value
Services
LNB Plan Trustee 100 shares of LNB Bancorp, $ 2,050 $ -
Investment Inc. common stock, $1.00
and Trust par value
Services
THE LORAIN NATIONAL BANK
EMPLOYEE STOCK OWNERSHIP PLAN
EIN: 34-0869480
PLAN NUMBER: 003
Schedule G, Part III - Nonexempt Transactions
Year ended December 31, 2002
* Current value of asset is the lowest trade price on the date of the
transaction.
Column A Column B Column F Column G Column H Column I Column J
- -------- --------------- -------- ----------- -------- -------- -----------
Relationship to Expenses Net gain
Identity plan, employer incurred Current (loss)
of party or other party Lease with the Cost of Value of on each
involved of interest Rental transaction Asset Asset* transaction
- -------- --------------- -------- ----------- -------- -------- -----------
LNB Plan Trustee $ - $ 35 $ 2,110 $ 2,025 $ -
Investment
and Trust
Services
LNB Plan Trustee $ - $ 35 $ 2,100 $ 2,025 $ -
Investment
and Trust
Services
LNB Plan Trustee $ - $ 35 $ 2,100 $ 2,065 $ -
Investment
and Trust
Services
LNB Plan Trustee $ - $ 35 $ 2,100 $ 2,025 $ -
Investment
and Trust
Services
LNB Plan Trustee $ - $ 35 $ 2,110 $ 2,025 $ -
Investment
and Trust
Services
LNB Plan Trustee $ - $ 35 $ 2,085 $ 2,015 $ -
Investment
and Trust
Services
THE LORAIN NATIONAL BANK
EMPLOYEE STOCK OWNERSHIP PLAN
EIN: 34-0869480
PLAN NUMBER: 003
Schedule G, Part III - Nonexempt Transactions
Year ended December 31, 2002
* Current value of asset is the lowest trade price on the date of the
transaction.
Column A Column B Column C Column D Column E
- -------- --------------- ----------------------------- -------- --------
Relationship to Description of transactions
Identity plan, employer including maturity date,
of party or other party rate of interest, collateral, Purchase Selling
involved of interest par or maturity value Price Price
- -------- --------------- ----------------------------- -------- --------
LNB Plan Trustee 100 shares of LNB Bancorp, $ 2,050 $ -
Investment Inc. common stock, $1.00
and Trust par value
Services
LNB Plan Trustee 100 shares of LNB Bancorp, $ 2,110 $ -
Investment Inc. common stock, $1.00
and Trust par value
Services
LNB Plan Trustee 100 shares of LNB Bancorp, $ 2,080 $ -
Investment Inc. common stock, $1.00
and Trust par value
Services
LNB Plan Trustee 100 shares of LNB Bancorp, $ 2,015 $ -
Investment Inc. common stock, $1.00
and Trust par value
Services
LNB Plan Trustee 100 shares of LNB Bancorp, $ 2,030 $ -
Investment Inc. common stock, $1.00
and Trust par value
Services
LNB Plan Trustee 100 shares of LNB Bancorp, $ 2,030 $ -
Investment Inc. common stock, $1.00
and Trust par value
Services
THE LORAIN NATIONAL BANK
EMPLOYEE STOCK OWNERSHIP PLAN
EIN: 34-0869480
PLAN NUMBER: 003
Schedule G, Part III - Nonexempt Transactions
Year ended December 31, 2002
* Current value of asset is the lowest trade price on the date of the
transaction.
Column A Column B Column F Column G Column H Column I Column J
- -------- --------------- -------- ----------- -------- -------- -----------
Relationship to Expenses Net gain
Identity plan, employer incurred Current (loss)
of party or other party Lease with the Cost of Value of on each
involved of interest Rental transaction Asset Asset transaction
- -------- --------------- -------- ----------- -------- -------- -----------
LNB Plan Trustee $ - $ 35 $ 2,085 $ 2,015 $ -
Investment
and Trust
Services
LNB Plan Trustee $ - $ 35 $ 2,145 $ 2,015 $ -
Investment
and Trust
Services
LNB Plan Trustee $ - $ 35 $ 2,115 $ 2,000 $ -
Investment
and Trust
Services
LNB Plan Trustee $ - $ 35 $ 2,050 $ 2,000 $ -
Investment
and Trust
Services
LNB Plan Trustee $ - $ 35 $ 2,065 $ 2,015 $ -
Investment
and Trust
Services
LNB Plan Trustee $ - $ 35 $ 2,065 $ 2,015 $ -
Investment
and Trust
Services
THE LORAIN NATIONAL BANK
EMPLOYEE STOCK OWNERSHIP PLAN
EIN: 34-0869480
PLAN NUMBER: 003
Schedule G, Part III - Nonexempt Transactions
Year ended December 31, 2002
* Current value of asset is the lowest trade price on the date of the
transaction.
Column A Column B Column C Column D Column E
- -------- --------------- ----------------------------- -------- --------
Relationship to Description of transactions
Identity plan, employer including maturity date,
of party or other party rate of interest, collateral, Purchase Selling
involved of interest par or maturity value Price Price
- -------- --------------- ----------------------------- -------- --------
LNB Plan Trustee 100 shares of LNB Bancorp, $ 2,055 $ -
Investment Inc. common stock, $1.00
and Trust par value
Services
LNB Plan Trustee 100 shares of LNB Bancorp, $ 2,050 $ -
Investment Inc. common stock, $1.00
and Trust par value
Services
LNB Plan Trustee 100 shares of LNB Bancorp, $ 2,050 $ -
Investment Inc. common stock, $1.00
and Trust par value
Services
LNB Plan Trustee 140 shares of LNB Bancorp, $ 2,863 $ -
Investment Inc. common stock, $1.00
and Trust par value
Services
LNB Plan Trustee 100 shares of LNB Bancorp, $ 2,045 $ -
Investment Inc. common stock, $1.00
and Trust par value
Services
LNB Plan Trustee 100 shares of LNB Bancorp, $ 2,050 $ -
Investment Inc. common stock, $1.00
and Trust par value
Services
THE LORAIN NATIONAL BANK
EMPLOYEE STOCK OWNERSHIP PLAN
EIN: 34-0869480
PLAN NUMBER: 003
Schedule G, Part III - Nonexempt Transactions
Year ended December 31, 2002
* Current value of asset is the lowest trade price on the date of the
transaction.
Column A Column B Column F Column G Column H Column I Column J
- -------- --------------- -------- ----------- -------- -------- -----------
Relationship to Expenses Net gain
Identity plan, employer incurred Current (loss)
of party or other party Lease with the Cost of Value of on each
involved of interest Rental transaction Asset Asset* transaction
- -------- --------------- -------- ----------- -------- -------- -----------
LNB Plan Trustee $ - $ 35 $ 2,090 $ 2,030 $ -
Investment
and Trust
Services
LNB Plan Trustee $ - $ 35 $ 2,085 $ 2,030 $ -
Investment
and Trust
Services
LNB Plan Trustee $ - $ 35 $ 2,085 $ 2,020 $ -
Investment
and Trust
Services
LNB Plan Trustee $ - $ 35 $ 2,898 $ 2,842 $ -
Investment
and Trust
Services
LNB Plan Trustee $ - $ 35 $ 2,080 $ 2,020 $ -
Investment
and Trust
Services
LNB Plan Trustee $ - $ 35 $ 2,085 $ 2,000 $ -
Investment
and Trust
Services
THE LORAIN NATIONAL BANK
EMPLOYEE STOCK OWNERSHIP PLAN
EIN: 34-0869480
PLAN NUMBER: 003
Schedule G, Part III - Nonexempt Transactions
Year ended December 31, 2002
* Current value of asset is the lowest trade price on the date of the
transaction.
Column A Column B Column C Column D Column E
- -------- --------------- ----------------------------- -------- --------
Relationship to Description of transactions
Identity plan, employer including maturity date,
of party or other party rate of interest, collateral, Purchase Selling
involved of interest par or maturity value Price Price
- -------- --------------- ----------------------------- -------- --------
LNB Plan Trustee 100 shares of LNB Bancorp, $ 2,050 $ -
Investment Inc. common stock, $1.00
and Trust par value
Services
LNB Plan Trustee 110 shares of LNB Bancorp, $ 2,228 $ -
Investment Inc. common stock, $1.00
and Trust par value
Services
LNB Plan Trustee 100 shares of LNB Bancorp, $ 2,105 $ -
Investment Inc. common stock, $1.00
and Trust par value
Services
LNB Plan Trustee 100 shares of LNB Bancorp, $ 2,104 $ -
Investment Inc. common stock, $1.00
and Trust par value
Services
LNB Plan Trustee 100 shares of LNB Bancorp, $ 2,105 $ -
Investment Inc. common stock, $1.00
and Trust par value
Services
LNB Plan Trustee 100 shares of LNB Bancorp, $ 2,104 $ -
Investment Inc. common stock, $1.00
and Trust par value
Services
THE LORAIN NATIONAL BANK
EMPLOYEE STOCK OWNERSHIP PLAN
EIN: 34-0869480
PLAN NUMBER: 003
Schedule G, Part III - Nonexempt Transactions
Year ended December 31, 2002
* Current value of asset is the lowest trade price on the date of the
transaction.
Column A Column B Column F Column G Column H Column I Column J
- -------- --------------- -------- ----------- -------- -------- -----------
Relationship to Expenses Net gain
Identity plan, employer incurred Current (loss)
of party or other party Lease with the Cost of Value of on each
involved of interest Rental transaction Asset Asset transaction
- -------- --------------- -------- ----------- -------- -------- -----------
LNB Plan Trustee $ - $ 35 $ 2,085 $ 2,030 $ -
Investment
and Trust
Services
LNB Plan Trustee $ - $ 35 $ 2,263 $ 2,239 $ -
Investment
and Trust
Services
LNB Plan Trustee $ - $ 35 $ 2,140 $ 2,035 $ -
Investment
and Trust
Services
LNB Plan Trustee $ - $ 35 $ 2,139 $ 2,050 $ -
Investment
and Trust
Services
LNB Plan Trustee $ - $ 35 $ 2,140 $ 2,065 $ -
Investment
and Trust
Services
LNB Plan Trustee $ - $ 35 $ 2,139 $ 2,050 $ -
Investment
and Trust
Services
THE LORAIN NATIONAL BANK
EMPLOYEE STOCK OWNERSHIP PLAN
EIN: 34-0869480
PLAN NUMBER: 003
Schedule G, Part III - Nonexempt Transactions
Year ended December 31, 2002
* Current value of asset is the lowest trade price on the date of the
transaction.
Column A Column B Column C Column D Column E
- -------- --------------- ----------------------------- -------- --------
Relationship to Description of transactions
Identity plan, employer including maturity date,
of party or other party rate of interest, collateral, Purchase Selling
involved of interest par or maturity value Price Price
- -------- --------------- ----------------------------- -------- --------
LNB Plan Trustee 100 shares of LNB Bancorp, $ 2,130 $ -
Investment Inc. common stock, $1.00
and Trust par value
Services
LNB Plan Trustee 100 shares of LNB Bancorp, $ 2,130 $ -
Investment Inc. common stock, $1.00
and Trust par value
Services
LNB Plan Trustee 100 shares of LNB Bancorp, $ 2,130 $ -
Investment Inc. common stock, $1.00
and Trust par value
Services
LNB Plan Trustee 100 shares of LNB Bancorp, $ 2,100 $ -
Investment Inc. common stock, $1.00
and Trust par value
Services
LNB Plan Trustee 100 shares of LNB Bancorp, $ 2,100 $ -
Investment Inc. common stock, $1.00
and Trust par value
Services
LNB Plan Trustee 100 shares of LNB Bancorp, $ 2,090 $ -
Investment Inc. common stock, $1.00
and Trust par value
Services
THE LORAIN NATIONAL BANK
EMPLOYEE STOCK OWNERSHIP PLAN
EIN: 34-0869480
PLAN NUMBER: 003
Schedule G, Part III - Nonexempt Transactions
Year ended December 31, 2002
* Current value of asset is the lowest trade price on the date of the
transaction.
Column A Column B Column F Column G Column H Column I Column J
- -------- --------------- -------- ----------- -------- -------- -----------
Relationship to Expenses Net gain
Identity plan, employer incurred Current (loss)
of party or other party Lease with the Cost of Value of on each
involved of interest Rental transaction Asset Asset* transaction
- -------- --------------- -------- ----------- -------- -------- -----------
LNB Plan Trustee $ - $ 35 $ 2,165 $ 2,070 $ -
Investment
and Trust
Services
LNB Plan Trustee $ - $ 35 $ 2,165 $ 2,100 $ -
Investment
and Trust
Services
LNB Plan Trustee $ - $ 35 $ 2,165 $ 2,050 $ -
Investment
and Trust
Services
LNB Plan Trustee $ - $ 35 $ 2,135 $ 2,055 $ -
Investment
and Trust
Services
LNB Plan Trustee $ - $ 35 $ 2,135 $ 2,015 $ -
Investment
and Trust
Services
LNB Plan Trustee $ - $ 35 $ 2,125 $ 2,090 $ -
Investment
and Trust
Services
THE LORAIN NATIONAL BANK
EMPLOYEE STOCK OWNERSHIP PLAN
EIN: 34-0869480
PLAN NUMBER: 003
Schedule G, Part III - Nonexempt Transactions
Year ended December 31, 2002
* Current value of asset is the lowest trade price on the date of the
transaction.
Column A Column B Column C Column D Column E
- -------- --------------- ----------------------------- -------- --------
Relationship to Description of transactions
Identity plan, employer including maturity date,
of party or other party rate of interest, collateral, Purchase Selling
involved of interest par or maturity value Price Price
- -------- --------------- ----------------------------- -------- --------
LNB Plan Trustee 100 shares of LNB Bancorp, $ 2,020 $ -
Investment Inc. common stock, $1.00
and Trust par value
Services
LNB Plan Trustee 100 shares of LNB Bancorp, $ 2,004 $ -
Investment Inc. common stock, $1.00
and Trust par value
Services
LNB Plan Trustee 100 shares of LNB Bancorp, $ 2,005 $ -
Investment Inc. common stock, $1.00
and Trust par value
Services
LNB Plan Trustee 100 shares of LNB Bancorp, $ 2,004 $ -
Investment Inc. common stock, $1.00
and Trust par value
Services
LNB Plan Trustee 100 shares of LNB Bancorp, $ 2,005 $ -
Investment Inc. common stock, $1.00
and Trust par value
Services
LNB Plan Trustee 100 shares of LNB Bancorp, $ 2,000 $ -
Investment Inc. common stock, $1.00
and Trust par value
Services
THE LORAIN NATIONAL BANK
EMPLOYEE STOCK OWNERSHIP PLAN
EIN: 34-0869480
PLAN NUMBER: 003
Schedule G, Part III - Nonexempt Transactions
Year ended December 31, 2002
* Current value of asset is the lowest trade price on the date of the
transaction.
Column A Column B Column F Column G Column H Column I Column J
- -------- --------------- -------- ----------- -------- -------- -----------
Relationship to Expenses Net gain
Identity plan, employer incurred Current (loss)
of party or other party Lease with the Cost of Value of on each
involved of interest Rental transaction Asset Asset transaction
- -------- --------------- -------- ----------- -------- -------- -----------
LNB Plan Trustee $ - $ 35 $ 2,055 $ 1,957 $ -
Investment
and Trust
Services
LNB Plan Trustee $ - $ 35 $ 2,039 $ 1,960 $ -
Investment
and Trust
Services
LNB Plan Trustee $ - $ 35 $ 2,040 $ 1,975 $ -
Investment
and Trust
Services
LNB Plan Trustee $ - $ 35 $ 2,039 $ 2,005 $ -
Investment
and Trust
Services
LNB Plan Trustee $ - $ 35 $ 2,040 $ 1,970 $ -
Investment
and Trust
Services
LNB Plan Trustee $ - $ 35 $ 2,035 $ 1,970 $ -
Investment
and Trust
Services
THE LORAIN NATIONAL BANK
EMPLOYEE STOCK OWNERSHIP PLAN
EIN: 34-0869480
PLAN NUMBER: 003
Schedule G, Part III - Nonexempt Transactions
Year ended December 31, 2002
* Current value of asset is the lowest trade price on the date of the
transaction.
Column A Column B Column C Column D Column E
- -------- --------------- ----------------------------- -------- --------
Relationship to Description of transactions
Identity plan, employer including maturity date,
of party or other party rate of interest, collateral, Purchase Selling
involved of interest par or maturity value Price Price
- -------- --------------- ----------------------------- -------- --------
LNB Plan Trustee 100 shares of LNB Bancorp, $ 2,024 $ -
Investment Inc. common stock, $1.00
and Trust par value
Services
LNB Plan Trustee 100 shares of LNB Bancorp, $ 2,135 $ -
Investment Inc. common stock, $1.00
and Trust par value
Services
LNB Plan Trustee 100 shares of LNB Bancorp, $ 2,195 $ -
Investment Inc. common stock, $1.00
and Trust par value
Services
LNB Plan Trustee 100 shares of LNB Bancorp, $ 2,150 $ -
Investment Inc. common stock, $1.00
and Trust par value
Services
LNB Plan Trustee 100 shares of LNB Bancorp, $ 2,195 $ -
Investment Inc. common stock, $1.00
and Trust par value
Services
LNB Plan Trustee 100 shares of LNB Bancorp, $ 2,199 $ -
Investment Inc. common stock, $1.00
and Trust par value
Services
THE LORAIN NATIONAL BANK
EMPLOYEE STOCK OWNERSHIP PLAN
EIN: 34-0869480
PLAN NUMBER: 003
Schedule G, Part III - Nonexempt Transactions
Year ended December 31, 2002
* Current value of asset is the lowest trade price on the date of the
transaction.
Column A Column B Column F Column G Column H Column I Column J
- -------- --------------- -------- ----------- -------- -------- -----------
Relationship to Expenses Net gain
Identity plan, employer incurred Current (loss)
of party or other party Lease with the Cost of Value of on each
involved of interest Rental transaction Asset Asset* transaction
- -------- --------------- -------- ----------- -------- -------- -----------
LNB Plan Trustee $ - $ 35 $ 2,059 $ 1,970 $ -
Investment
and Trust
Services
LNB Plan Trustee $ - $ 35 $ 2,170 $ 2,044 $ -
Investment
and Trust
Services
LNB Plan Trustee $ - $ 35 $ 2,230 $ 2,150 $ -
Investment
and Trust
Services
LNB Plan Trustee $ - $ 35 $ 2,185 $ 2,150 $ -
Investment
and Trust
Services
LNB Plan Trustee $ - $ 35 $ 2,230 $ 2,125 $ -
Investment
and Trust
Services
LNB Plan Trustee $ - $ 35 $ 2,234 $ 2,075 $ -
Investment
and Trust
Services
THE LORAIN NATIONAL BANK
EMPLOYEE STOCK OWNERSHIP PLAN
EIN: 34-0869480
PLAN NUMBER: 003
Schedule G, Part III - Nonexempt Transactions
Year ended December 31, 2002
* Current value of asset is the lowest trade price on the date of the
transaction.
Column A Column B Column C Column D Column E
- -------- --------------- ----------------------------- -------- --------
Relationship to Description of transactions
Identity plan, employer including maturity date,
of party or other party rate of interest, collateral, Purchase Selling
involved of interest par or maturity value Price Price
- -------- --------------- ----------------------------- -------- --------
LNB Plan Trustee 100 shares of LNB Bancorp, $ 2,200 $ -
Investment Inc. common stock, $1.00
and Trust par value
Services
LNB Plan Trustee 100 shares of LNB Bancorp, $ 2,150 $ -
Investment Inc. common stock, $1.00
and Trust par value
Services
LNB Plan Trustee 100 shares of LNB Bancorp, $ 2,150 $ -
Investment Inc. common stock, $1.00
and Trust par value
Services
LNB Plan Trustee 100 shares of LNB Bancorp, $ 2,150 $ -
Investment Inc. common stock, $1.00
and Trust par value
Services
LNB Plan Trustee 100 shares of LNB Bancorp, $ 2,150 $ -
Investment Inc. common stock, $1.00
and Trust par value
Services
LNB Plan Trustee 100 shares of LNB Bancorp, $ 2,150 $ -
Investment Inc. common stock, $1.00
and Trust par value
Services
THE LORAIN NATIONAL BANK
EMPLOYEE STOCK OWNERSHIP PLAN
EIN: 34-0869480
PLAN NUMBER: 003
Schedule G, Part III - Nonexempt Transactions
Year ended December 31, 2002
* Current value of asset is the lowest trade price on the date of the
transaction.
Column A Column B Column F Column G Column H Column I Column J
- -------- --------------- -------- ----------- -------- -------- -----------
Relationship to Expenses Net gain
Identity plan, employer incurred Current (loss)
of party or other party Lease with the Cost of Value of on each
involved of interest Rental transaction Asset Asset transaction
- -------- --------------- -------- ----------- -------- -------- -----------
LNB Plan Trustee $ - $ 35 $ 2,235 $ 2,100 $ -
Investment
and Trust
Services
LNB Plan Trustee $ - $ 35 $ 2,185 $ 2,150 $ -
Investment
and Trust
Services
LNB Plan Trustee $ - $ 35 $ 2,185 $ 2,150 $ -
Investment
and Trust
Services
LNB Plan Trustee $ - $ 35 $ 2,185 $ 2,150 $ -
Investment
and Trust
Services
LNB Plan Trustee $ - $ 35 $ 2,185 $ 2,080 $ -
Investment
and Trust
Services
LNB Plan Trustee $ - $ 35 $ 2,185 $ 2,080 $ -
Investment
and Trust
Services
THE LORAIN NATIONAL BANK
EMPLOYEE STOCK OWNERSHIP PLAN
EIN: 34-0869480
PLAN NUMBER: 003
Schedule G, Part III - Nonexempt Transactions
Year ended December 31, 2002
* Current value of asset is the lowest trade price on the date of the
transaction.
Column A Column B Column C Column D Column E
- -------- --------------- ----------------------------- -------- --------
Relationship to Description of transactions
Identity plan, employer including maturity date,
of party or other party rate of interest, collateral, Purchase Selling
involved of interest par or maturity value Price Price
- -------- --------------- ----------------------------- -------- --------
LNB Plan Trustee 100 shares of LNB Bancorp, $ 2,175 $ -
Investment Inc. common stock, $1.00
and Trust par value
Services
LNB Plan Trustee 100 shares of LNB Bancorp, $ 2,100 $ -
Investment Inc. common stock, $1.00
and Trust par value
Services
LNB Plan Trustee 100 shares of LNB Bancorp, $ 2,150 $ -
Investment Inc. common stock, $1.00
and Trust par value
Services
LNB Plan Trustee 100 shares of LNB Bancorp, $ 2,125 $ -
Investment Inc. common stock, $1.00
and Trust par value
Services
THE LORAIN NATIONAL BANK
EMPLOYEE STOCK OWNERSHIP PLAN
EIN: 34-0869480
PLAN NUMBER: 003
Schedule G, Part III - Nonexempt Transactions
Year ended December 31, 2002
* Current value of asset is the lowest trade price on the date of the
transaction.
Column A Column B Column F Column G Column H Column I Column J
- -------- --------------- -------- ----------- -------- -------- -----------
Relationship to Expenses Net gain
Identity plan, employer incurred Current (loss)
of party or other party Lease with the Cost of Value of on each
involved of interest Rental transaction Asset Asset transaction
- -------- --------------- -------- ----------- -------- -------- -----------
LNB Plan Trustee $ - $ 35 $ 2,210 $ 2,080 $ -
Investment
and Trust
Services
LNB Plan Trustee $ - $ 35 $ 2,135 $ 2,080 $ -
Investment
and Trust
Services
LNB Plan Trustee $ - $ 35 $ 2,185 $ 2,152 $ -
Investment
and Trust
Services
LNB Plan Trustee $ - $ 35 $ 2,160 $ 2,080 $ -
Investment
and Trust
Services
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
the Plan Administrator has duly caused this annual report to be signed
on its behalf by the undersigned hereunto duly authorized.
THE LORAIN NATIONAL BANK EMPLOYEE STOCK OWNERSHIP PLAN
------------------------------------------------------
(Name of Plan)
Date: June 30, 2003 By: /s/ Gregory D. Friedman
------------- -----------------------
Gregory D. Friedman, CPA
Executive Vice President,
Chief Financial Officer and
Corporate Secretary
/s/ Mitchell J. Fallis
----------------------
Mitchell J. Fallis, CPA
Vice President and
Chief Accounting Officer
(LETTERHEAD) Exhibit 23.1
(LOGO)
KPMG LLP
One Cleveland Center
1375 East Ninth Street, Suite 2600
Cleveland, OH 44114-1796
Consent of Independent Accountants
----------------------------------
The Plan Administrator
LNB Bancorp, Inc.:
We consent to the incorporation by reference in the Registration Statement
No. 33-65034 of LNB Bancorp, Inc. of our report dated May 30, 2003,
relating to the statements of assets available for distribution to
participants of The Lorain National Bank Employee Stock Ownership Plan as
of December 31, 2002 and 2001, and the related statements of changes in
assets available for distribution to participants for the years then
ended, and the related supplemental schedules, which report appears in
Amendment No. 2 to the 2002 annual report on Form 10-K of LNB Bancorp, Inc.
/s/ KPMG LLP
Cleveland, Ohio
June 26, 2003
(LOGO)
Member Firm of
KPMG International