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Borrowings
 3 Months Ended
Mar. 31, 2023
Debt Disclosure [Abstract]  
Borrowings BORROWINGS
Long-term debt at March 31, 2023 and December 31, 2022 was as follows (dollars in thousands):
March 31, 2023December 31, 2022
AmountRateAmountRate
Term loan$13,598 4.25 %$14,072 4.25 %
FHLB long-term advances5,000 3.02 %5,000 3.02 %
$18,598 3.92 %$19,072 3.93 %

The term loan with a correspondant financial institution bears a fixed interest rate of 4.25%, amortizes quarterly, and has a final balloon payment due on June 15, 2025.

The FHLB advances at March 31, 2023 and December 31, 2022 had interest rates of 3.02%. All advances from the FHLB of Cincinnati are secured by a blanket pledge of LCNB's 1-4 family first lien mortgage loans in the amount of approximately $268 million and $270 million at March 31, 2023 and December 31, 2022, respectively. Remaining borrowing capacity, including short-term borrowing arrangements, at March 31, 2023 was approximately $127.9 million.
Contractual maturities of long-term debt at March 31, 2023 and December 31, 2022 were as follows ( in thousands):
March 31,
2023		December 31,
2022
April 1, 2023 - March 31, 2024$6,937 6,918 
April 1, 2024 - March 31, 202511,661 2,001 
April 1, 2025 - March 31, 2026— 10,153 
Total$18,598 19,072 

Short-term borrowings at March 31, 2023 and December 31, 2022 were as follows (dollars in thousands):
March 31, 2023December 31, 2022
AmountRateAmountRate
Revolving line of credit$1,500 7.75 %$3,000 7.25 %
Other lines of credit— — %18,455 5.00 %
FHLB short-term advances75,000 5.00 %50,000 4.40 %
76,500 5.05 %$71,455 4.67 %

At March 31, 2023, LCNB Corp. had a short-term revolving line of credit arrangement with a financial institution for a maximum amount of $5 million at an interest rate equal to the Wall Street Journal Prime Rate minus 25 basis points. This agreement expires on June 15, 2023.

At March 31, 2023, LCNB had a short-term line of credit borrowing arrangement with a correspondent financial institution. Under the terms of the arrangement, LCNB can borrow up to $30 million at an interest rate equal to the lending institution’s federal funds rate plus a spread of 50 basis points. The Company had no short-term borrowings outstanding under this arrangement at March 31, 2023.

At March 31, 2023, LCNB had 2 short-term borrowing arrangements with the FHLB of Cincinnati. Under the terms of a REPO Based Advance program, LCNB can borrow up to $95.0 million in short-term advances, subject to total remaining borrowing capacity limitations mentioned above. Available terms range from one day to one year. The interest rate is the published rate in effect at the time of the advance. Under the terms of a Cash Management Advance program, LCNB can borrow up to $95.0 million in short-term advances, subject to total remaining borrowing capacity limitations mentioned above. LCNB can select a variable rate of interest for up to ninety days or a fixed rate of interest for a maximum of thirty days. The interest rate is the published rate in effect at the time of the advance. Both arrangements expire on February 8, 2024.