Parent Company Financial Information (Notes)

12 Months Ended

Dec. 31, 2013

Condensed Financial Information of Parent Company Only Disclosure [Abstract]

Parent Company Financial Information

Parent Company Financial Information

LNB Bancorp, Inc.’s (parent company only) condensed balance sheets as of December 31, 2013 and 2012, and the condensed statements of income and cash flows for the years ended December 31, 2013, 2012 and 2011 are as follows:

	Year ended December 31,
Condensed Balance Sheets	2013		2012
	(Dollars in thousands)
Assets:
Cash	$	9,320	$	2,001
Investment in The Lorain National Bank	120,969		124,113
Other assets	531		505
Total Assets	$	130,820	$	126,619
Liabilities and Shareholders’ Equity
Junior subordinated debentures	$	16,238	$	16,238
Short Term borrowing	3,000		—
Other liabilities	126		237
Shareholders’ equity	111,456		110,144
Total Liabilities and Shareholders’ Equity	$	130,820	$	126,619

	Year ended December 31,
Condensed Statements of Income	2013			2012			2011
	(Dollars in thousands)
Income
Interest income	$	—		$	—		$	160
Cash dividend from The Lorain National Bank	3,875			7,650			—
Other income	20			21			21
Total Income	3,895			7,671			181
Expenses
Interest expense	689			699			687
Other expenses	843			752			357
Total Expense	1,532			1,451			1,044
Income (loss) before income taxes and equity in undistributed net income of subsidiary	2,363			6,220			(863		)
Income tax benefit	(514		)	(486		)	(304		)
Equity in undistributed net income of subsidiary	3,284			(599		)	5,562
Net Income	$	6,161		$	6,107		$	5,003

	Year ended December 31,
Condensed Statements of Cash Flows	2013			2012			2011
	(Dollars in thousands)
Net Income	$	6,161		$	6,107		$	5,003
Adjustments to reconcile net income to net cash provided by operating activities:
Equity in undistributed net (income) loss of subsidiary	(3,284		)	599			(5,562		)
Share-based compensation expense	271			311			189
Net change in other assets and liabilities	(61		)	883			(25		)
Net cash provided by (used in) operating activities	3,087			7,900			(395		)
Cash Flows from Investing Activities:
Payments from The Lorain National Bank for subordinated debt instrument	—			—			4,000
Net cash provided by investing activities	—			—			4,000
Cash Flows from Financing Activities:
Net change in purchased funds and other borrowings	3,000			—			—
Repurchase common stock Warrant	—			(860		)	—
Net proceeds from issuance of common stock	3,644			—			—
Redemption of Fixed-Rate Cumulative Perpetual Preferred stock	(1,467		)	(6,159		)	—
Dividends paid	(945		)	(1,568		)	(1,576		)
Net cash used in financing activities	4,232			(8,587		)	(1,576		)
Net increase (decrease) in cash equivalents	7,319			(687		)	2,029
Cash and cash equivalents at beginning of year	2,001			2,688			659
Cash and cash equivalents at end of year	$	9,320		$	2,001		$	2,688