LNB Bancorp, Inc.
Exhibit to Form 10 - K/A
(for the fiscal year ended December 31, 2002)
S - K Reference Number (99.2)
Annual report on Form 11-K of The Lorain National Bank
401(k) Plan (registration number 333-53210)
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 Appendix 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 401(K) 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 Plan Benefits
- December 31, 2002 and 2001
3) Statements of Changes in Assets Available for Plan Benefits
- 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 - 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
One Cleveland Center
1375 East Ninth Street, Suite 2600
Cleveland, OH 44114-1796
The Lorain National Bank
401(k) Plan
Financial Statements and Schedules
December 31, 2002 and 2001
(With Independent Auditors' Report Thereon)
THE LORAIN NATIONAL BANK 401(K) PLAN
Table of Contents
Page
Independent Auditors' Report 1
Statements of Assets Available for Plan Benefits,
December 31, 2002 and 2001 2
Statements of Changes in Assets Available for
Plan Benefits, 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
401(k) Plan:
We have audited the accompanying statements of assets available for plan
benefits of The Lorain National Bank 401(k) Plan (Plan) as of December
31, 2002 and 2001, and the related statement of changes in assets
available for plan benefits 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 plan benefits 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 401(K) PLAN
Statements of Assets Available for Plan Benefits
December 31, 2002 and 2001
Assets 2002 2001
--------- ---------
Assets:
Short-term cash investments $ 229,633 189,900
Investments, at fair value (notes 3 and 6)
Common stock - LNB Bancorp, Inc. 3,869,193 2,804,280
Mutual Funds 593,754 272,311
Dividends and interest receivable 38,741 36,293
Contribution receivable 19,497 -
Receivable from employer (note 8) 11,871 -
--------- ---------
Total assets available for plan benefits $ 4,762,689 3,302,784
========= =========
See accompanying notes to financial statements.
2
THE LORAIN NATIONAL BANK 401(K) PLAN
Statements of Changes in Assets Available for
Plan Benefits
Years ended December 31, 2002 and 2001
2002 2001
--------- ---------
Additions:
Investment income:
Dividends $ 143,201 130,006
Interest 5,655 6,803
Net appreciation in fair
value of investment (note 3) 718,075 24,130
--------- ---------
Total investment income 866,931 160,939
--------- ---------
Contributions:
Employer 214,717 200,889
Employer - other (note 8) 11,871, -0-
Participants 470,259 400,123
Participant rollovers 73,631 10,486
--------- ---------
Total contributions 770,478 611,498
--------- ---------
Total additions 1,637,409 772,437
Deductions:
Distributions to participants (177,504) (243,970)
--------- ---------
Increase in assets available for plan benefits 1,459,905 528,467
Assets available for plan benefits:
Beginning of year 3,302,784 2,774,317
--------- ---------
End of year $ 4,762,689 3,302,784
========= =========
See accompanying notes to financial statements.
3
THE LORAIN NATIONAL BANK 401(k) PLAN
Notes to Financial Statements
December 31, 2002 and 2001
(1) Description of the Plan
The following is a general description of The Lorain National Bank
401(k) Plan (Plan). 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
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 19 and completion of 90 days 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
Plan stipulates that employer matching contributions will be
invested in LNB Bancorp, Inc. common stock and short-term
cash investments.
The board of directors of Lorain National Bank, the Corporation's
wholly owned subsidiary, authorized the Bank as employer and
trustee to execute an Adoption Agreement for a 401(k) Plan and
Trust (the Plan), effective January 1, 2001. The Plan amended and
restated the Lorain National Bank Stock Purchase Plan. The Plan
is established in accordance with the requirements under Section
401(a) and Section 401(k) of the Internal Revenue Code. The Plan
was submitted to the IRS for determination by the IRS that the
Plan is qualified under Section 401(a) of the Internal Revenue
Code and that its trust qualified under Section 501(a) of the
Internal Revenue Code. LNB Bancorp, Inc. believes that the Plan
complies with the requirements under Section 401(a) and Section
401(k) of the Internal Revenue Code. The Plan offers the
investment choices of Money Market Mutual Funds, U. S. Treasury
Index Funds, Equity Mutual Funds, International Mutual Funds and
LNB Bancorp, Inc. common stock.
THE LORAIN NATIONAL BANK 401(k) PLAN
Notes to Financial Statements
December 31, 2002 and 2001
(b) Contributions
Prior to January 1, 2002. the Plan allows participants to make
pretax contributions up to 6% of eligible compensation, subject to
certain limitations. Effective for Plan years commencing after
January 1, 2002, the maximum deferrals are no longer limited to 6%
of eligible compensation but are limited up to the maximum dollar
limits set by the IRS which is $11,000 for 2002, plus a $1,000
catch-up contribution for employees over the age of 50. Based on
number of hours worked or paid, certain participants in the 401(k)
plan are eligible to receive Company contributions. The amount of
Company contributions were $214,717 and $200,889 for 2002 and
2001, respectively. The Company makes a contribution to the
employee's plan account bi-weekly.
Employee contributions are invested according to participant
investment elections for pretax contributions. If an employee
has not made investment elections, the employee contributions will
be invested in Federated Money Market fund. Employer
contributions are not participant-directed and are invested in LNB
Bancorp, Inc. common stock.
4
THE LORAIN NATIONAL BANK 401(k) PLAN
Notes to Financial Statements
December 31, 2002 and 2001
To receive a Company contribution, a participant must be employed
on the last day of the Plan year. A participant's account also
receives the Company contribution for the year in which they
retire, become disabled, or die.
(c) Participant Accounts
Each participant's account is credited with the participant's
Contribution and the Company's contribution, and an allocation of
Plan earnings. The benefits to which a participant is entitled is
the benefit that can be provided from the participant's vested
account.
(d) Forfeitures
At December 31, 2002, forfeited nonvested accounts totaled
$11,583. This amount will be used to reduce future employer
contributions.
(e) Investment
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.
(f) Vesting
Participants are immediately vested in their voluntary
contribution plus any earnings accrued thereon. The Company's
contribution is 100% vested after an employee completes five
years of service, with vesting accruing 20% for each year of
service.
(g) Payment of Benefits
Upon termination of service, the vested amount of the Company's
contributions and earnings thereon is paid at the election of the
participant in cash. Participants can elect to receive their
voluntary contributions and earnings thereon in a single lump-sum
cash payment or in substantially equal installments over a period
of not more than the assumed life expectancy of the participant
and the participant's beneficiary.
THE LORAIN NATIONAL BANK 401(k) PLAN
Notes to Financial Statements
December 31, 2002 and 2001
(h) Withdrawals
Aside from normal retirement distributions, pretax savings may
be withdrawn only upon attainment of age 65. In accordance with
plan provisions, pretax savings may also be withdrawn for reasons
of extreme financial hardship as defined under federal law. An
employee can make only one withdrawal in any twelve-month period,
relative to the Stock Purchase Plan provision, of pre-2000 after
tax dollars and Company match.
5
THE LORAIN NATIONAL BANK 401(k) PLAN
Notes to Financial Statements
December 31, 2002 and 2001
(i) Participant Loans
Participants may borrow from their fund accounts a minimum of
$1,000 up to a maximum equal to the lesser of $50,000 or 50%
of their account balance, whichever is less. The loans are
secured by the balance in the participant's account and are
charged a rate of interest commensurate with local prevailing
rates as determined by the plan administrator. Principal and
interest is paid ratably through monthly payroll deductions.
There were no participant loans outstanding at December 31,
2002 and 2001.
(j) Plan Expenses
The administrative expenses of the Plan are paid by the Bank.
(2) Significant Accounting Policies
(a) Basis of Presentation
The financial statements of the Plan are prepared using the
accrual basis of accounting.
(b) Investment Valuation and Income Recognition
The Plan's investments are stated at fair value. Quoted market
prices are used to value investments. Purchases and sales of
securities are recorded on a trade-date basis. Dividends are
recorded on the ex-dividend date. Interest income is recorded
on the accrual method of accounting.
(c) Use of Estimates
The preparation of financial statements in conformity with
accounting principles generally accepted in the United States of
America requires Plan 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.
(3) Investments
The following table presents the fair value of investments at
December 31, 2002 and 2001. Items that represented 5% or more of the
Plan's assets are separately identified.
2002 2001
-------------- ---------------
Common stock - LNB Bancorp, Inc.:
142,512 and 129,678 common shares
in 2002 and 2001, respectively $ 3,869,193 2,804,280
Mutual funds 593,754 272,311
============== ================
6
THE LORAIN NATIONAL BANK 401(K) PLAN
Notes to Financial Statements
December 31, 2002 and 2001
During the years ended December 31, 2002 and 2001, the Plan's
investments (including investments bought, sold, and held during the
year) appreciated (depreciated) in value as follows:
2002 2001
-------------- -----------
Common stock - LNB Bancorp, Inc. $ 807,070 26,082
Mutual funds (88,995) (1,952)
----------------------------
$ 718,075 24,130
============== ===========
(4) Plan Termination
The Company has voluntarily agreed to make contributions to the Plan.
Although the Company has not expressed any intent to terminate the Plan
agreement, it may do so at any time. In the event of such termination,
each participant will receive 100% of the amounts contributed to the
Plan and earnings thereon, and the vested amount of the Company's
matching contribution.
(5) Federal Income Taxes
The Internal Revenue Service (IRS) issued its latest determination
letter on January 27, 2003, which stated that the Plan and underlying
Trust, as designed, qualify under the applicable provisions of the
Internal Revenue Code (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.
(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
of Shares Fair Value
---------- ------------
Balance at December 31, 2001 129,678 $ 2,804,280
---------- ------------
Stock Dividend, 2% 2,577 -
Purchases 16,061 399,532
Distributions (5,804) (141,689)
Net appreciation - 807,070
---------- ------------
Balance at December 31, 2002 142,512 $ 3,869,193
========== ============
7
THE LORAIN NATIONAL BANK 401(K) PLAN
Notes to Financial Statements
December 31, 2002 and 2001
(7) Assets Available for Distribution to Participants
2002 2001
------------ ------------
Assets payable to terminated participants $ 27,101 -
Assets available for continuing participants 4,735,588 3,302,784
------------ ------------
$ 4,762,689 3,302,784
============ ============
(8) Prohibited Transaction
During portions of 2000 and 2001 the Plan and its predecessor, The Lorain
National Bank Stock Purchase, 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 $10,176, plus interest of $1,695. 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 available
for plan benefits and as an employer contribution in the statement of changes
in assets available for plan benefits at December 31, 2002.
8
Schedule 1
THE LORAIN NATIONAL BANK 401(k) PLAN
EIN: 34-0869480
PLAN NUMBER: 003
Schedule H, line 4i - Schedule of Assets (Held at End of Year)
December 31, 2002
Column A Column B Column C Column D 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 Cost value
- -------- ----------------- -------------------------- --------- --------
* LNB Bancorp, Inc. 142,512 shares of $1,814,522 3,869,193
LNB Bancorp, Inc. ========== ==========
common stock
* Lorain National Bank Treasury Trust Fund $ 229,633 229,633
========== ==========
Mutual funds
Janus Fund Janus Advisor International
Fund $ 41,057
Northern Northern Institutional
Institutional Funds Funds Balanced Fund ** 52,534
Northern Northern Institutional
Institutional Focused Growth Portfolio ** 76,132
Portfolio
Northern Northern Institutional
Institutional Funds Funds US Treasury Index A ** 94,629
Vanguard Fund Vanguard Explorer Fund ** 105,186
Vanguard Fund Vanguard 500 Index Fund ** 132,380
Dodge & Cox Dodge & Cox Stock Fund ** 91,836
---------- ---------
Total $ - 4,692,580
* Party in interest
** Historical cost information is no longer required on the Schedule of
Assets Held for Investments at End of Year for participant-directed
Investments.
See accompanying independent auditors' report.
8
Schedule 2
THE LORAIN NATIONAL BANK 401(k) PLAN
EIN: 34-0869480
PLAN NUMBER: 003
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
- -------------------- ----------------- ---------- -------- ---------
Total Total
dollar dollar
Identity of Description value of value Lease
party involved of assets purchases of sales rental
- -------------------- ----------------- ---------- --------- ---------
* LNB Bancorp, Inc. LNB Bancorp, Inc.
common stock;
14 purchases $ 270,130 - -
10 sales - 38,621 -
* Lorain National Bank Treasury Trust Fund;
125 purchases $ 795,161 - -
79 sales $ - 755,428 -
========== ========== ==========
Schedule of Reportable Transactions Continued
Column A Column B Column F Column G Column H
- -------------------- ----------------- ------------ --------- ---------
Current
Expenses 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;
14 purchases - 270,130 270,130
10 sales - 30,663 38,621
* Lorain National Bank Treasury Trust Fund;
125 purchases - 795,161 795,161
79 sales - 755,427 755,427
============ ========= ========
Schedule 2
THE LORAIN NATIONAL BANK 401(k) PLAN
EIN: 34-0869480
PLAN NUMBER: 003
Schedule H, line 4j - Schedule of Reportable Transactions Continued
Year ended December 31, 2002
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;
14 purchases -
10 sales 7,958
* Lorain National Bank Treasury Trust Fund;
125 purchases -
79 sales -
==========
* Party in interest
See accompanying independent auditors' report.
9
THE LORAIN NATIONAL BANK
401(k) 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 1,000 shares of LNB Bancorp, $ 20,250 $ -
Investment Inc. common stock, $1.00
and Trust par value
Services
LNB Plan Trustee 200 shares of LNB Bancorp, $ 4,250 $ -
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, $ 4,000 $ -
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, $ 4,100 $ -
Investment Inc. common stock, $1.00
and Trust par value
Services
THE LORAIN NATIONAL BANK
401(k) 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 $20,285 $19,500 $ -
Investment
and Trust
Services
LNB Plan Trustee $ - $ 35 $ 4,285 $ 3,900 $ -
Investment
and Trust
Services
LNB Plan Trustee $ - $ 35 $ 4,135 $ 3,800 $ -
Investment
and Trust
Services
LNB Plan Trustee $ - $ 35 $ 4,035 $ 3,800 $ -
Investment
and Trust
Services
LNB Plan Trustee $ - $ 35 $ 4,135 $ 3,800 $ -
Investment
and Trust
Services
LNB Plan Trustee $ - $ 35 $ 4,135 $ 4,100 $ -
Investment
and Trust
Services
THE LORAIN NATIONAL BANK
401(k) 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, $ 4,000 $ -
Investment Inc. common stock, $1.00
and Trust par value
Services
LNB Plan Trustee 200 shares of LNB Bancorp, $ 4,037 $ -
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, $ 4,000 $ -
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
Schedule 2
THE LORAIN NATIONAL BANK
401(k) 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 $ 3,850 $ -
Investment
and Trust
Services
LNB Plan Trustee $ - $ 35 $ 4,035 $ 3,800 $ -
Investment
and Trust
Services
LNB Plan Trustee $ - $ 35 $ 4,072 $ 3,750 $ -
Investment
and Trust
Services
LNB Plan Trustee $ - $ 35 $ 4,035 $ 3,750 $ -
Investment
and Trust
Services
LNB Plan Trustee $ - $ 35 $ 4,035 $ 4,000 $ -
Investment
and Trust
Services
LNB Plan Trustee $ - $ 35 $ 4,035 $ 3,800 $ -
Investment
and Trust
Services
THE LORAIN NATIONAL BANK
401(k) 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, $ 4,050 $ -
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, $ 4,100 $ -
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, $ 4,200 $ -
Investment Inc. common stock, $1.00
and Trust par value
Services
THE LORAIN NATIONAL BANK
401(k) 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 $ 4,085 $ 3,926 $ -
Investment
and Trust
Services
LNB Plan Trustee $ - $ 35 $ 4,060 $ 3,900 $ -
Investment
and Trust
Services
LNB Plan Trustee $ - $ 35 $ 4,135 $ 4,100 $ -
Investment
and Trust
Services
LNB Plan Trustee $ - $ 35 $ 4,135 $ 4,100 $ -
Investment
and Trust
Services
LNB Plan Trustee $ - $ 35 $ 4,085 $ 3,976 $ -
Investment
and Trust
Services
LNB Plan Trustee $ - $ 35 $ 4,235 $ 4,100 $ -
Investment
and Trust
Services
THE LORAIN NATIONAL BANK
401(k) 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, $ 4,275 $ -
Investment Inc. common stock, $1.00
and Trust par value
Services
LNB Plan Trustee 200 shares of LNB Bancorp, $ 4,350 $ -
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, $ 4,750 $ -
Investment Inc. common stock, $1.00
and Trust par value
Services
LNB Plan Trustee 300 shares of LNB Bancorp, $ 6,900 $ -
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
THE LORAIN NATIONAL BANK
401(k) 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 $ 4,310 $ 4,200 $ -
Investment
and Trust
Services
LNB Plan Trustee $ - $ 35 $ 4,385 $ 4,250 $ -
Investment
and Trust
Services
LNB Plan Trustee $ - $ 35 $ 4,635 $ 4,500 $ -
Investment
and Trust
Services
LNB Plan Trustee $ - $ 35 $ 4,785 $ 4,600 $ -
Investment
and Trust
Services
LNB Plan Trustee $ - $ 35 $ 6,935 $ 6,900 $ -
Investment
and Trust
Services
LNB Plan Trustee $ - $ 35 $ 4,735 $ 4,600 $ -
Investment
and Trust
Services
THE LORAIN NATIONAL BANK
401(k) 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, $ 2,475 $ -
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, $ 2,187 $ -
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, $ 2,000 $ -
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
THE LORAIN NATIONAL BANK
401(k) 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 $ 2,510 $ 2,300 $ -
Investment
and Trust
Services
LNB Plan Trustee $ - $ 35 $ 2,235 $ 2,200 $ -
Investment
and Trust
Services
LNB Plan Trustee $ - $ 35 $ 2,222 $ 2,187 $ -
Investment
and Trust
Services
LNB Plan Trustee $ - $ 35 $ 2,085 $ 2,050 $ -
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
THE LORAIN NATIONAL BANK
401(k) 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, $ 2,025 $ -
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, $ 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
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
401(k) 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 $ 2,060 $ 1,950 $ -
Investment
and Trust
Services
LNB Plan Trustee $ - $ 35 $ 2,035 $ 1,900 $ -
Investment
and Trust
Services
LNB Plan Trustee $ - $ 35 $ 2,085 $ 1,925 $ -
Investment
and Trust
Services
LNB Plan Trustee $ - $ 35 $ 2,073 $ 1,950 $ -
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
401(k) 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, $ 2,169 $ -
Investment Inc. common stock, $1.00
and Trust par value
Services
LNB Plan Trustee 100 shares of LNB Bancorp, $ 2,137 $ -
Investment Inc. common stock, $1.00
and Trust par value
Services
LNB Plan Trustee 100 shares of LNB Bancorp, $ 2,138 $ -
Investment Inc. common stock, $1.00
and Trust par value
Services
LNB Plan Trustee 100 shares of LNB Bancorp, $ 2,137 $ -
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
THE LORAIN NATIONAL BANK
401(k) 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 $ 2,204 $ 2,025 $ -
Investment
and Trust
Services
LNB Plan Trustee $ - $ 35 $ 2,172 $ 2,050 $ -
Investment
and Trust
Services
LNB Plan Trustee $ - $ 35 $ 2,173 $ 2,025 $ -
Investment
and Trust
Services
LNB Plan Trustee $ - $ 35 $ 2,172 $ 2,138 $ -
Investment
and Trust
Services
LNB Plan Trustee $ - $ 35 $ 2,160 $ 2,075 $ -
Investment
and Trust
Services
LNB Plan Trustee $ - $ 35 $ 2,135 $ 2,000 $ -
Investment
and Trust
Services
THE LORAIN NATIONAL BANK
401(k) 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, $ 2,075 $ -
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, $ 2,050 $ -
Investment Inc. common stock, $1.00
and Trust par value
Services
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
THE LORAIN NATIONAL BANK
401(k) 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 $ 2,000 $ -
Investment
and Trust
Services
LNB Plan Trustee $ - $ 35 $ 2,110 $ 2,075 $ -
Investment
and Trust
Services
LNB Plan Trustee $ - $ 35 $ 2,097 $ 2,062 $ -
Investment
and Trust
Services
LNB Plan Trustee $ - $ 35 $ 2,085 $ 1,950 $ -
Investment
and Trust
Services
LNB Plan Trustee $ - $ 35 $ 2,098 $ 2,062 $ -
Investment
and Trust
Services
LNB Plan Trustee $ - $ 35 $ 2,097 $ 1,900 $ -
Investment
and Trust
Services
THE LORAIN NATIONAL BANK
401(k) 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, $ 2,063 $ -
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, $ 2,063 $ -
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
401(k) 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 $ 1,975 $ -
Investment
and Trust
Services
LNB Plan Trustee $ - $ 35 $ 2,097 $ 2,062 $ -
Investment
and Trust
Services
LNB Plan Trustee $ - $ 35 $ 2,098 $ 2,062 $ -
Investment
and Trust
Services
LNB Plan Trustee $ - $ 35 $ 2,097 $ 2,062 $ -
Investment
and Trust
Services
LNB Plan Trustee $ - $ 35 $ 2,098 $ 2,063 $ -
Investment
and Trust
Services
LNB Plan Trustee $ - $ 35 $ 2,185 $ 2,050 $ -
Investment
and Trust
Services
THE LORAIN NATIONAL BANK
401(k) 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, $ 2,200 $ -
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, $ 2,150 $ -
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
401(k) 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 $ 2,050 $ -
Investment
and Trust
Services
LNB Plan Trustee $ - $ 35 $ 2,235 $ 2,050 $ -
Investment
and Trust
Services
LNB Plan Trustee $ - $ 35 $ 2,235 $ 2,100 $ -
Investment
and Trust
Services
LNB Plan Trustee $ - $ 35 $ 2,185 $ 2,050 $ -
Investment
and Trust
Services
LNB Plan Trustee $ - $ 35 $ 2,185 $ 2,050 $ -
Investment
and Trust
Services
LNB Plan Trustee $ - $ 35 $ 2,185 $ 2,150 $ -
Investment
and Trust
Services
THE LORAIN NATIONAL BANK
401(k) 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, $ 2,150 $ -
Investment Inc. common stock, $1.00
and Trust par value
Services
LNB Plan Trustee 100 shares of LNB Bancorp, $ 2,112 $ -
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
THE LORAIN NATIONAL BANK
401(k) 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 $ 2,175 $ -
Investment
and Trust
Services
LNB Plan Trustee $ - $ 35 $ 2,235 $ 2,200 $ -
Investment
and Trust
Services
LNB Plan Trustee $ - $ 35 $ 2,185 $ 2,150 $ -
Investment
and Trust
Services
LNB Plan Trustee $ - $ 35 $ 2,147 $ 2,050 $ -
Investment
and Trust
Services
LNB Plan Trustee $ - $ 35 $ 2,148 $ 2,050 $ -
Investment
and Trust
Services
LNB Plan Trustee $ - $ 35 $ 2,160 $ 2,050 $ -
Investment
and Trust
Services
THE LORAIN NATIONAL BANK
401(k) 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, $ 2,075 $ -
Investment Inc. common stock, $1.00
and Trust par value
Services
LNB Plan Trustee 100 shares of LNB Bancorp, $ 2,187 $ -
Investment Inc. common stock, $1.00
and Trust par value
Services
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, $ 2,200 $ -
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
THE LORAIN NATIONAL BANK
401(k) 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 $ 2,110 $ 2,075 $ -
Investment
and Trust
Services
LNB Plan Trustee $ - $ 35 $ 2,222 $ 2,188 $ -
Investment
and Trust
Services
LNB Plan Trustee $ - $ 35 $ 2,223 $ 2,188 $ -
Investment
and Trust
Services
LNB Plan Trustee $ - $ 35 $ 2,235 $ 2,200 $ -
Investment
and Trust
Services
LNB Plan Trustee $ - $ 35 $ 2,235 $ 2,200 $ -
Investment
and Trust
Services
THE LORAIN NATIONAL BANK
401(k) 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, $ 2,300 $ -
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, $ 2,300 $ -
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
THE LORAIN NATIONAL BANK
401(k) 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 $ 2,335 $ 2,050 $ -
Investment
and Trust
Services
LNB Plan Trustee $ - $ 35 $ 2,335 $ 2,050 $ -
Investment
and Trust
Services
LNB Plan Trustee $ - $ 35 $ 2,335 $ 2,056 $ -
Investment
and Trust
Services
LNB Plan Trustee $ - $ 35 $ 2,335 $ 2,300 $ -
Investment
and Trust
Services
LNB Plan Trustee $ - $ 35 $ 2,360 $ 2,125 $ -
Investment
and Trust
Services
THE LORAIN NATIONAL BANK
401(k) 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, $ 2,325 $ -
Investment Inc. common stock, $1.00
and Trust par value
Services
LNB Plan Trustee 100 shares of LNB Bancorp, $ 2,187 $ -
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, $ 2,194 $ -
Investment Inc. common stock, $1.00
and Trust par value
Services
LNB Plan Trustee 100 shares of LNB Bancorp, $ 2,194 $ -
Investment Inc. common stock, $1.00
and Trust par value
Services
LNB Plan Trustee 100 shares of LNB Bancorp, $ 2,194 $ -
Investment Inc. common stock, $1.00
and Trust par value
Services
THE LORAIN NATIONAL BANK
401(k) 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 $ 2,360 $ 2,131 $ -
Investment
and Trust
Services
LNB Plan Trustee $ - $ 35 $ 2,222 $ 2,188 $ -
Investment
and Trust
Services
LNB Plan Trustee $ - $ 35 $ 2,235 $ 2,113 $ -
Investment
and Trust
Services
LNB Plan Trustee $ - $ 35 $ 2,229 $ 2,112 $ -
Investment
and Trust
Services
LNB Plan Trustee $ - $ 35 $ 2,229 $ 2,112 $ -
Investment
and Trust
Services
LNB Plan Trustee $ - $ 35 $ 2,229 $ 2,150 $ -
Investment
and Trust
Services
THE LORAIN NATIONAL BANK
401(k) 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, $ 2,194 $ -
Investment Inc. common stock, $1.00
and Trust par value
Services
LNB Plan Trustee 100 shares of LNB Bancorp, $ 2,194 $ -
Investment Inc. common stock, $1.00
and Trust par value
Services
LNB Plan Trustee 100 shares of LNB Bancorp, $ 2,194 $ -
Investment Inc. common stock, $1.00
and Trust par value
Services
LNB Plan Trustee 100 shares of LNB Bancorp, $ 2,194 $ -
Investment Inc. common stock, $1.00
and Trust par value
Services
LNB Plan Trustee 100 shares of LNB Bancorp, $ 2,194 $ -
Investment Inc. common stock, $1.00
and Trust par value
Services
LNB Plan Trustee 100 shares of LNB Bancorp, $ 2,144 $ -
Investment Inc. common stock, $1.00
and Trust par value
Services
THE LORAIN NATIONAL BANK
401(k) 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 $ 2,229 $ 2,194 $ -
Investment
and Trust
Services
LNB Plan Trustee $ - $ 35 $ 2,229 $ 2,125 $ -
Investment
and Trust
Services
LNB Plan Trustee $ - $ 35 $ 2,229 $ 2,194 $ -
Investment
and Trust
Services
LNB Plan Trustee $ - $ 35 $ 2,229 $ 2,112 $ -
Investment
and Trust
Services
LNB Plan Trustee $ - $ 35 $ 2,229 $ 2,112 $ -
Investment
and Trust
Services
LNB Plan Trustee $ - $ 35 $ 2,179 $ 2,144 $ -
Investment
and Trust
Services
THE LORAIN NATIONAL BANK
401(k) 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, $ 2,150 $ -
Investment Inc. common stock, $1.00
and Trust par value
Services
LNB Plan Trustee 100 shares of LNB Bancorp, $ 2,162 $ -
Investment Inc. common stock, $1.00
and Trust par value
Services
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, $ 2,169 $ -
Investment Inc. common stock, $1.00
and Trust par value
Services
LNB Plan Trustee 100 shares of LNB Bancorp, $ 2,163 $ -
Investment Inc. common stock, $1.00
and Trust par value
Services
THE LORAIN NATIONAL BANK
401(k) 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 $ 2,150 $ -
Investment
and Trust
Services
LNB Plan Trustee $ - $ 35 $ 2,185 $ 2,150 $ -
Investment
and Trust
Services
LNB Plan Trustee $ - $ 35 $ 2,197 $ 2,150 $ -
Investment
and Trust
Services
LNB Plan Trustee $ - $ 35 $ 2,223 $ 2,162 $ -
Investment
and Trust
Services
LNB Plan Trustee $ - $ 35 $ 2,204 $ 2,125 $ -
Investment
and Trust
Services
LNB Plan Trustee $ - $ 35 $ 2,198 $ 2,125 $ -
Investment
and Trust
Services
THE LORAIN NATIONAL BANK
401(k) 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, $ 2,187 $ -
Investment Inc. common stock, $1.00
and Trust par value
Services
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, $ 2,200 $ -
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, $ 2,193 $ -
Investment Inc. common stock, $1.00
and Trust par value
Services
THE LORAIN NATIONAL BANK
401(k) 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 $ 2,137 $ -
Investment
and Trust
Services
LNB Plan Trustee $ - $ 35 $ 2,222 $ 2,138 $ -
Investment
and Trust
Services
LNB Plan Trustee $ - $ 35 $ 2,223 $ 2,137 $ -
Investment
and Trust
Services
LNB Plan Trustee $ - $ 35 $ 2,235 $ 2,137 $ -
Investment
and Trust
Services
LNB Plan Trustee $ - $ 35 $ 2,235 $ 2,131 $ -
Investment
and Trust
Services
LNB Plan Trustee $ - $ 35 $ 2,228 $ 2,194 $ -
Investment
and Trust
Services
THE LORAIN NATIONAL BANK
401(k) 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, $ 2,194 $ -
Investment Inc. common stock, $1.00
and Trust par value
Services
LNB Plan Trustee 100 shares of LNB Bancorp, $ 2,181 $ -
Investment Inc. common stock, $1.00
and Trust par value
Services
LNB Plan Trustee 100 shares of LNB Bancorp, $ 2,181 $ -
Investment Inc. common stock, $1.00
and Trust par value
Services
LNB Plan Trustee 100 shares of LNB Bancorp, $ 2,181 $ -
Investment Inc. common stock, $1.00
and Trust par value
Services
LNB Plan Trustee 100 shares of LNB Bancorp, $ 2,181 $ -
Investment Inc. common stock, $1.00
and Trust par value
Services
LNB Plan Trustee 100 shares of LNB Bancorp, $ 2,181 $ -
Investment Inc. common stock, $1.00
and Trust par value
Services
THE LORAIN NATIONAL BANK
401(k) 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 $ 2,229 $ 2,194 $ -
Investment
and Trust
Services
LNB Plan Trustee $ - $ 35 $ 2,216 $ 2,131 $ -
Investment
and Trust
Services
LNB Plan Trustee $ - $ 35 $ 2,216 $ 2,181 $ -
Investment
and Trust
Services
LNB Plan Trustee $ - $ 35 $ 2,216 $ 2,112 $ -
Investment
and Trust
Services
LNB Plan Trustee $ - $ 35 $ 2,216 $ 2,106 $ -
Investment
and Trust
Services
LNB Plan Trustee $ - $ 35 $ 2,216 $ 2,112 $ -
Investment
and Trust
Services
THE LORAIN NATIONAL BANK
401(k) 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, $ 2,181 $ -
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, $ 2,181 $ -
Investment Inc. common stock, $1.00
and Trust par value
Services
LNB Plan Trustee 100 shares of LNB Bancorp, $ 2,181 $ -
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, $ 2,263 $ -
Investment Inc. common stock, $1.00
and Trust par value
Services
THE LORAIN NATIONAL BANK
401(k) 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 $ 2,216 $ 2,175 $ -
Investment
and Trust
Services
LNB Plan Trustee $ - $ 35 $ 2,210 $ 2,113 $ -
Investment
and Trust
Services
LNB Plan Trustee $ - $ 35 $ 2,216 $ 2,112 $ -
Investment
and Trust
Services
LNB Plan Trustee $ - $ 35 $ 2,216 $ 2,181 $ -
Investment
and Trust
Services
LNB Plan Trustee $ - $ 35 $ 2,310 $ 2,275 $ -
Investment
and Trust
Services
LNB Plan Trustee $ - $ 35 $ 2,298 $ 2,250 $ -
Investment
and Trust
Services
THE LORAIN NATIONAL BANK
401(k) 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, $ 2,294 $ -
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 140 shares of LNB Bancorp, $ 3,010 $ -
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
401(k) 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 $ 2,300 $ -
Investment
and Trust
Services
LNB Plan Trustee $ - $ 35 $ 2,329 $ 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 $ 3,045 $ 2,870 $ -
Investment
and Trust
Services
LNB Plan Trustee $ - $ 35 $ 2,135 $ 2,025 $ -
Investment
and Trust
Services
THE LORAIN NATIONAL BANK
401(k) 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 200 shares of LNB Bancorp, $ 4,250 $ -
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, $ 2,186 $ -
Investment Inc. common stock, $1.00
and Trust par value
Services
THE LORAIN NATIONAL BANK
401(k) 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 $ 2,050 $ -
Investment
and Trust
Services
LNB Plan Trustee $ - $ 35 $ 4,285 $ 4,100 $ -
Investment
and Trust
Services
LNB Plan Trustee $ - $ 35 $ 2,135 $ 2,025 $ -
Investment
and Trust
Services
LNB Plan Trustee $ - $ 35 $ 2,135 $ 2,050 $ -
Investment
and Trust
Services
LNB Plan Trustee $ - $ 35 $ 2,135 $ 2,075 $ -
Investment
and Trust
Services
LNB Plan Trustee $ - $ 35 $ 2,221 $ 2,100 $ -
Investment
and Trust
Services
THE LORAIN NATIONAL BANK
401(k) 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, $ 2,075 $ -
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, $ 2,105 $ -
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
THE LORAIN NATIONAL BANK
401(k) 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 $ 2,150 $ -
Investment
and Trust
Services
LNB Plan Trustee $ - $ 35 $ 2,210 $ 2,000 $ -
Investment
and Trust
Services
LNB Plan Trustee $ - $ 35 $ 2,110 $ 2,025 $ -
Investment
and Trust
Services
LNB Plan Trustee $ - $ 35 $ 2,085 $ 2,030 $ -
Investment
and Trust
Services
LNB Plan Trustee $ - $ 35 $ 2,140 $ 2,040 $ -
Investment
and Trust
Services
LNB Plan Trustee $ - $ 35 $ 2,165 $ 2,130 $ -
Investment
and Trust
Services
THE LORAIN NATIONAL BANK
401(k) 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, $ 2,085 $ -
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 121 shares of LNB Bancorp, $ 2,662 $ -
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
401(k) 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 $ 2,120 $ 2,055 $ -
Investment
and Trust
Services
LNB Plan Trustee $ - $ 35 $ 2,040 $ 1,960 $ -
Investment
and Trust
Services
LNB Plan Trustee $ - $ 35 $ 2,697 $ 2,595 $ -
Investment
and Trust
Services
LNB Plan Trustee $ - $ 35 $ 2,185 $ 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 401(K) 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 23.2
(LOGO)
KPMG LLP
One Cleveland Center
1375 East Ninth Street, Suite 2600
Cleveland, Ohio 44114-1796
Consent of Independent Accountants
----------------------------------
The Plan Administrator
LNB Bancorp, Inc.:
We consent to the incorporation by reference in the Registration Statement
No. 333-53210 of LNB Bancorp, Inc. of our report dated May 30, 2003,
relating to the statements of assets available for plan benefits of The
Lorain National Bank 401(k) Plan as of December 31, 2002 and 2001, and the
related statements of changes in assets available for plan benefits 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