Income Taxes

3 Months Ended

Mar. 31, 2024

Income Tax Disclosure [Abstract]

Income Taxes

INCOME TAXES

A reconciliation between the statutory income tax and LCNB's effective tax rate on income from continuing operations follows:

	Three Months Ended March 31,
	2024		2023
Statutory tax rate	21.0	%	21.0	%
Increase (decrease) resulting from:
Tax exempt interest	(1.2)	%	(0.7)	%
Tax exempt income on bank-owned life insurance	(3.0)	%	(1.1)	%
Captive insurance premium income	(3.3)	%	(1.0)	%
Affordable housing tax credit limited partnerships	(3.2)	%	(1.4)	%
Nondeductible merger-related expenses	3.3	%	—	%
Other, net	0.4	%	1.0	%
Effective tax rate	14.0	%	17.8	%