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Borrowings
 3 Months Ended
Mar. 31, 2024
Debt Disclosure [Abstract]  
Borrowings BORROWINGS
Long-term debt at March 31, 2024 and December 31, 2023 was as follows (dollars in thousands):
March 31, 2024December 31, 2023
AmountRateAmountRate
Term loan$11,661 4.25 %$12,154 4.25 %
FHLB long-term advances150,977 4.66 %100,969 4.87 %
$162,638 4.63 %$113,123 4.80 %

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

Contractual maturities of long-term debt at March 31, 2024 and December 31, 2023 were as follows ( in thousands):
March 31,
2024		December 31,
2023
Maturing within one year $8,001 4,988 
Maturing after one year through two years 9,637 13,135 
Maturing after two years through three years 35,000 25,000 
Maturing after three years through four years 45,000 25,000 
Maturing after four years through five years 45,000 25,000 
Thereafter20,000 20,000 
Total$162,638 113,123 

Short-term borrowings at March 31, 2024 and December 31, 2023 were as follows (dollars in thousands):
March 31, 2024December 31, 2023
AmountRateAmountRate
Lines of credit$— — %$21,395 6.00 %
FHLB short-term advances10,000 5.64 %76,000 5.53 %
$10,000 5.64 %$97,395 5.63 %

At March 31, 2024, 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, 2024.

At March 31, 2024, LCNB had overnight line of credit borrowing arrangements with three correspondent financial institutions. Under the terms of the first 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. Under the terms of the second arrangement, LCNB can borrow up to $25 million at an interest rate equal to the FOMC rate plus a spread of 25 basis points. Under the terms of the third arrangement, LCNB can borrow up to $25 million at the interest rate in effect at the time of borrowing..

All long-term and short-term 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 $422 million and $417 million at March 31, 2024 and December 31, 2023, respectively. Remaining borrowing capacity with the FHLB, including both long-term and short-term borrowings, at March 31, 2024 was approximately $118.8 million.