PARENT COMPANY FINANCIAL INFORMATION (Tables)

12 Months Ended

Dec. 31, 2016

Condensed financial information for LCNB Corp., parent company only, follows (in thousands):



Condensed Balance Sheets:
December 31,	2016		2015
Assets:
Cash on deposit with subsidiary	$	491	534
Investment securities available-for-sale, at fair value	893		888
Investment in subsidiary	141,325		138,396
Other assets	235		290
Total assets	$	142,944	140,108

Liabilities	$	—	—

Shareholders' equity	142,944		140,108
Total liabilities and shareholders' equity	$	142,944	140,108



Condensed Statements of Income
Year ended December 31,	2016		2015	2014
Income:
Dividends from subsidiary	$	7,300	5,400	8,800
Interest and dividends	38		58	91
Net gain on sales of securities	8		254	10
Total income	7,346		5,712	8,901

Total expenses	1,014		1,016	1,077

Income before income tax expense/benefit and equity in undistributed income of subsidiary	6,332		4,696	7,824
Income tax benefit	336		250	350
Equity in undistributed income of subsidiary	5,814		6,528	1,695
Net income	$	12,482	11,474	9,869



Condensed Statements of Cash Flows
Year ended December 31,	2016			2015		2014
Cash flows from operating activities:
Net income	$	12,482		11,474		9,869
Adjustments for non-cash items -
Increase in undistributed income of subsidiary	(5,814		)	(6,528	)	(1,695	)
Other, net	126			42		(474	)
Net cash flows from operating activities	6,794			4,988		7,700

Cash flows from investing activities:
Purchases of securities available-for-sale	(177		)	(215	)	(107	)
Proceeds from maturities of securities available-for-sale	55			—		—
Proceeds from sales of available-for-sale securities	173			1,217		227
Cash paid for business acquisition	—			(3,757	)	(24,750	)
Net cash flows from (used in) investing activities	51			(2,755	)	(24,630	)

Cash flows from financing activities:
Proceeds from issuance of common stock	379			390		372
Repurchase of stock warrants	(1,545		)	—		—
Cash dividends paid on common stock	(6,375		)	(6,239	)	(5,950	)
Other	653			165		—
Net cash flows used in financing activities	(6,888		)	(5,684	)	(5,578	)
Net change in cash	(43		)	(3,451	)	(22,508	)
Cash at beginning of year	534			3,985		26,493
Cash at end of year	$	491		534		3,985