LCNB CORP
Q4 2022 Form 13-F

Description and Activity

LCNB Corp. is a financial holding company headquartered in Lebanon, Ohio, established in December 1998. It operates mainly through its wholly-owned subsidiary, LCNB National Bank, which has been in existence since 1877. The bank provides a variety of loan products, including commercial and industrial loans, commercial and residential real estate loans, agricultural loans, construction loans, and consumer loans. Additionally, LCNB National Bank offers residential mortgage lending for home purchases, refinancing, and home equity lines of credit.

LCNB National Bank's Wealth Management Division offers services such as trust administration, estate settlement, fiduciary services, and investment management. Brokerage services are provided through a partnership with LPL Financial LLC, covering a wide range of investment options. Other banking services include safe deposit boxes, cashier's checks, electronic funds transfers, and digital banking solutions. The bank operates 34 offices in Southwestern and South Central Ohio and Northern Kentucky, supported by an operations center in Warren County and 38 ATMs.

LCNB Corp. generates revenue primarily through interest income from loans and fees from various banking services. The bank serves a diverse customer base and is not dependent on any single customer or industry. It faces competition from other financial institutions, including national and state banks, credit unions, and fintech companies. The company's performance is influenced by factors such as interest rates, economic conditions, and technological advancements in the banking sector.