Discontinued Operations

6 Months Ended

Jun. 30, 2012

Discontinued Operations [Abstract]

Discontinued Operations

Note 13 - Discontinued Operations

LCNB sold its insurance agency subsidiary on March 23, 2011 and therefore its financial results are reported in the income statements as income from discontinued operations, net of taxes.  Income from discontinued operations for the six months ended June 30, 2011 includes the gain recognized from the sale less certain related closing costs, taxes, and a curtailment expense recognized in LCNB's nonqualified defined benefit retirement plan due to the sale.  The following table summarizes income (loss) from discontinued operations for the periods indicated (in thousands):

	For the Three Months		For the Six Months
	Ended June 30,		Ended June 30,
		2011		2011
Dakin Insurance Agency financial results:
Revenue	$	-		381
Non-interest expenses		(2)		301
Income from operations before income taxes		2		80
Gain from sale of insurance agency		-		1,503
Closing costs related to sale		(13)		(60)
Curtailment expense on nonqualified defined   benefit retirement plan		-		(191)
Provision for income taxes		(20)		(539)
Total income (loss) from discontinued   operations, net of taxes		(31)		793