Deposits

3 Months Ended

Mar. 31, 2023

Statement of Financial Position [Abstract]

Deposits

DEPOSITS

The following table presents the composition of LCNB's deposits at March 31, 2023 and December 31, 2022 (in thousands):

	March 31, 2023		December 31, 2022
Demand deposits	$	473,345	505,824
NOW and money fund deposits	519,293		510,324
Savings deposits	406,354		432,322
IRA and time certificates	204,889		156,500
Total	$	1,603,881	1,604,970

Contractual maturities of time deposits at March 31, 2023 were as follows (in thousands):

April 1, 2023 - March 31, 2024	$	75,994
April 1, 2024 - March 31, 2025	108,895
April 1, 2025 - March 31, 2026	7,447
April 1, 2026 - March 31, 2027	7,931
April 1, 2027 - March 31, 2028	3,327
Thereafter	1,295
	$	204,889

The aggregate amount of time deposits in denominations of $250,000 or more at March 31, 2023 and December 31, 2022 was $30.6 million and $16.1 million, respectively.