8-K

UNITED STATESSECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549


FORM 8-K


CURRENT REPORT
Pursuant to Section 13 OR 15(d) ofthe Securities Exchange Act of 1934

Date of Report (Date of earliest event reported)  October 24, 2013

LNB BANCORP, INC.

(Exact name of registrant as specified in its charter)

Ohio	0-13203	34-1406303
(State or other jurisdiction of incorporation)	(Commission File Number)	(IRS Employer Identification No.)

457 Broadway, Lorain, Ohio	44052-1769
(Address of principal executive offices)	(Zip Code)

Registrant’s telephone number, including area code: (440) 244-6000

(Former name or former address, if changed since last report.)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

⃞ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
⃞ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
⃞ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
⃞ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 2.02.  Results of Operations and Financial Condition.

On October 24, 2013, LNB Bancorp, Inc. (the “Company”) issued a press release announcing its results of operations for the third quarter of 2013.  A copy of the press release is furnished herewith as Exhibit 99.1 to this Current Report on Form 8-K.

Item 7.01. Regulation FD Disclosure.

The attached letter will be mailed on October 25, 2013 to all shareholders of record of LNB Bancorp, Inc. (the “Company”) on October 24, 2013. A copy of the letter is furnished as Exhibit 99.2 to this Current Report on Form 8-K and is incorporated by reference into this Item 7.01.

Item 9.01.  Financial Statements and Exhibits.

Exhibit No.	Description
99.1	Press Release issued by LNB Bancorp, Inc., announcing its results of operations for the third quarter of 2013.
99.2	Letter to Shareholders.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

		LNB BANCORP, INC.
		(Registrant)
Date:	October 24, 2013	By:	/s/ Gary J. Elek
			Gary J. Elek
			Chief Financial Officer

Exhibit Index

Exhibit No.	Description
99.1	Press Release issued by LNB Bancorp, Inc., announcing its results of operations for the third quarter of 2013.
99.2	Letter to Shareholders.

EX-99.1

Exhibit 99.1

LNB Bancorp, Inc. Reports Third Quarter 2013 Results

• Net income available to common shareholders of $1.4 million, a 17% increase compared to the third quarter of last year.
• Noninterest expenses of $8.3 million, a 4.3% reduction compared to the third quarter of last year.
• Nonperforming assets declined by $8.3 million, or 24%, from the third quarter last year.
• Expanded SBA Lending, opening new loan office in Columbus, Ohio.

LORAIN, Ohio--(BUSINESS WIRE)--October 24, 2013--LNB Bancorp, Inc. (NASDAQ:LNBB) (“LNB” or the “Company”) today reported financial results for the third quarter 2013. Net income available to common shareholders was $1.4 million, or $0.15 per common share, compared to $1.2 million, or $0.15 per common share, for the year-ago quarter. Net income available to common shareholders for the first nine months of 2013 was $4.0 million, or $0.44 per share, compared to $3.5 million, or $0.44 per share, in the same period in 2012.

Noninterest expense was $8.3 million for the third quarter of 2013 compared with $8.7 million in the same period of 2012, a decrease of 4.3%.

“Even in this slowly improving economy, we showed nice improvement in earnings growth, primarily due to expense management and improving credit quality,” stated Daniel E. Klimas, president and chief executive officer. “Revenue growth is key to our future success. We’re looking to expand current relationships as well as focus on targeted new lines of business,” added Klimas.

The Company continued to make progress on improving credit quality as non-performing assets at the end of the third quarter of 2013 declined by $8.3 million from the third quarter of 2012. The ratio of non-performing assets to total assets at September 30, 2013 was 2.14%, down from 2.84% at September 30, 2012. The provision for loan losses was $950,000 in the third quarter of 2013, down $925,000 from the 2012 third quarter, reflecting the Company’s improvement in credit quality. Net charge-offs were $974,000 for the third quarter of 2013, or 0.44% of average loans (annualized), compared to $1.6 million, or 0.72% of average loans (annualized), in the third quarter of 2012.

Noninterest income was $2.5 million for the third quarter of 2013 compared to $3.0 million for the prior-year third quarter. Noninterest income for the first nine months of 2013 was $8.9 million, up $499,000, or 6%, from the same nine month period in 2012. During the quarter, the mortgage refinance market slowed as interest rates rose. Fluctuating interest rates caused a decline in the market value of the derivatives associated with our mortgage activities; this loss of $273,000 is reflected in other income.

Operating revenue, including net interest income on a fully tax equivalent basis (“FTE”) plus noninterest income from operations, was $11.4 million for the third quarter of 2013, which was down $1.1 million, or 9.1%, from the third quarter of the prior year. The net interest margin (FTE) for the third quarter of 2013 was 3.13%, a decline of 7 basis points compared to the second quarter 2013, and a decline of 33 basis points from the 2012 third quarter.

“We’re excited to announce a new strategic effort to drive revenue and loan balance growth. During the quarter we opened a new loan office in Columbus, Ohio focusing on business loans utilizing Small Business Administration (SBA) programs,” stated Daniel E. Klimas. The newly created team of three experienced lenders and an underwriter will uncover commercial loan opportunities for medical offices, veterinarians, dental practices and funeral homes over a nine state area.

Total assets at September 30, 2013 were $1.21 billion, up $3.7 million, or 0.3%, from September 30, 2012. Total deposits at September 30, 2013 were $1.03 billion, up $10.5 million, or 1.0%, from September 30, 2012. All regulatory ratios continue to exceed the threshold for “well capitalized” designation. Tangible common equity ratio improved by 67 basis points to 6.46% compared to 5.79% in the third quarter in 2012.

About LNB Bancorp, Inc.

LNB Bancorp, Inc. is a $1.2 billion bank holding company. Its major subsidiary, The Lorain National Bank, is a full-service commercial bank, specializing in commercial, personal banking services, residential mortgage lending and investment and trust services. The Lorain National Bank and its Morgan Bank division serve customers through 20 retail-banking locations and 28 ATMs in Lorain, Erie, Cuyahoga and Summit counties. North Coast Community Development Corporation is a wholly owned subsidiary of The Lorain National Bank. For more information about LNB Bancorp, Inc., and its related products and services or to view its filings with the Securities and Exchange Commission, visit us at http://www.4lnb.com.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the "Safe Harbor" provisions of the Private Securities Litigation Reform Act of 1995. Terms such as "will," "should," "plan," "intend," "expect," "continue," "believe," "anticipate" and "seek," as well as similar comments, are forward-looking in nature. Actual results and events may differ materially from those expressed or anticipated as a result of risks and uncertainties which include but are not limited to: a worsening of economic conditions or slowing of any economic recovery, which could negatively impact, among other things, business activity and consumer spending and could lead to a lack of liquidity in the credit markets; changes in the interest rate environment which could reduce anticipated or actual margins; increases in interest rates or further weakening of economic conditions that could constrain borrowers’ ability to repay outstanding loans or diminish the value of the collateral securing those loans; market conditions or other events that could negatively affect the level or cost of funding, affecting the Company’s ongoing ability to accommodate liability maturities and deposit withdrawals, meet contractual obligations, and fund asset growth, and new business transactions at a reasonable cost, in a timely manner and without adverse consequences; changes in political conditions or the legislative or regulatory environment, including new or heightened legal standards and regulatory requirements, practices or expectations, which may impede profitability or affect the Company’s financial condition (such as, for example, the Dodd-Frank Act and rules and regulations that have been or may be promulgated under the Act); persisting volatility and limited credit availability in the financial markets, particularly if market conditions limit the Company’s ability to raise funding to the extent required by banking regulators or otherwise; significant increases in competitive pressure in the banking and financial services industries, particularly in the geographic or business areas in which the Company conducts its operations; limitations on the Company’s ability to return capital to shareholders, including the ability to pay dividends, and the dilution of the Company’s common shares that may result from, among other things, funding any repurchase or redemption of the Company’s outstanding preferred stock; adverse effects on the Company’s ability to engage in routine funding transactions as a result of the actions and commercial soundness of other financial institutions; general economic conditions becoming less favorable than expected, continued disruption in the housing markets and/or asset price deterioration, which have had and may continue to have a negative effect on the valuation of certain asset categories represented on the Company’s balance sheet; increases in deposit insurance premiums or assessments imposed on the Company by the FDIC; a failure of the Company’s operating systems or infrastructure, or those of its third-party vendors, that could disrupt its business; risks that are not effectively identified or mitigated by the Company’s risk management framework; and difficulty attracting and/or retaining key executives and/or relationship managers at compensation levels necessary to maintain a competitive market position; as well as the risks and uncertainties described from time to time in the Company’s reports as filed with the SEC. The Company undertakes no obligation to update or clarify forward-looking statements, whether as a result of new information, future events or otherwise.

CONSOLIDATED BALANCE SHEETS
	At September 30, 2013			At December 31, 2012
	(unaudited)
	(Dollars in thousands except share amounts)
ASSETS
Cash and due from banks	$	25,816		$	24,139
Federal funds sold and interest bearing deposits in banks		21,274			6,520
Cash and cash equivalents		47,090			30,659
Securities available for sale, at fair value		215,290			203,763
Restricted stock		5,741			5,741
Loans held for sale		2,110			7,634
Loans:
Portfolio loans		891,300			882,548
Allowance for loan losses		(17,791	)		(17,637	)
Net loans		873,509			864,911
Bank premises and equipment, net		8,322			8,721
Other real estate owned		951			1,366
Bank owned life insurance		19,122			18,611
Goodwill, net		21,582			21,582
Intangible assets, net		492			594
Accrued interest receivable		3,750			3,726
Other assets		12,543			10,946
Total Assets	$	1,210,502		$	1,178,254
LIABILITIES AND SHAREHOLDERS' EQUITY
Deposits
Demand and other noninterest-bearing	$	139,871		$	139,894
Savings, money market and interest-bearing demand		391,558			377,287
Certificates of deposit		500,816			482,411
Total deposits		1,032,245			999,592
Short-term borrowings		1,643			1,115
Federal Home Loan Bank advances		46,658			46,508
Junior subordinated debentures		16,238			16,238
Accrued interest payable		804			882
Accrued taxes, expenses and other liabilities		4,953			3,775
Total Liabilities		1,102,541			1,068,110
Shareholders' Equity
Preferred stock, Series A Voting, no par value, authorized 150,000 shares at September 30, 2013 and December 31, 2012.		-			-
Fixed rate cumulative preferred stock, Series B, no par value, $1,000 liquidation value, 9,147 shares authorized and issued at September 30, 2013 and 18,880 shares at December 31, 2012.		9,147			18,880
Discount on Series B preferred stock		(25	)		(65	)
Common stock, par value $1 per share, authorized 15,000,000 shares, issued shares 9,631,896 at September 30, 2013 and 8,272,548 at December 31, 2012.		9,632			8,273
Additional paid-in capital		47,740			39,141
Retained earnings		52,474			48,767
Accumulated other comprehensive income (loss)		(4,915	)		1,240
Treasury shares at cost, 328,194 shares at September 30, 2013 and at December 31, 2012		(6,092	)		(6,092	)
Total Shareholders' Equity		107,961			110,144
Total Liabilities and Shareholders' Equity	$	1,210,502		$	1,178,254

Consolidated Statements of Income (unaudited)
	Three Months Ended September 30,			Three Months Ended September 30,		Nine Months Ended September 30,			Nine Months Ended September 30,
	2013			2012		2013			2012
	(Dollars in thousands except share and per share amounts)
Interest Income
Loans	$	8,973		$	9,995	$	27,291		$	30,238
Securities:
U.S. Government agencies and corporations		908			1,145		2,616			3,686
State and political subdivisions		301			289		887			867
Other debt and equity securities		115			69		337			210
Federal funds sold and short-term investments		7			8		23			27
Total interest income		10,304			11,506		31,154			35,028
Interest Expense
Deposits		1,200			1,450		3,685			4,608
Federal Home Loan Bank advances		158			214		469			641
Short-term borrowings		-			-		1			-
Junior subordinated debenture		171			179		511			528
Total interest expense		1,529			1,843		4,666			5,777
Net Interest Income		8,775			9,663		26,488			29,251
Provision for Loan Losses		950			1,875		3,350			5,442
Net interest income after provision for loan losses		7,825			7,788		23,138			23,809
Noninterest Income
Investment and trust services		363			375		1,178			1,190
Deposit service charges		923			994		2,608			2,858
Other service charges and fees		820			762		2,459			2,314
Income from bank owned life insurance		174			167		512			501
Other income (loss)		(218	)		214		335			614
Total fees and other income		2,062			2,512		7,092			7,477
Securities gains, net		-			46		178			46
Gains on sale of loans		374			364		1,617			916
Gain (loss) on sale of other assets, net		30			31		(17	)		(68	)
Total noninterest income		2,466			2,953		8,870			8,371
Noninterest Expense
Salaries and employee benefits		4,200			4,228		13,451			12,233
Furniture and equipment		1,076			1,434		3,159			3,704
Net occupancy		564			531		1,701			1,664
Professional fees		337			414		1,413			1,473
Marketing and public relations		300			312		938			954
Supplies, postage and freight		228			275		809			783
Telecommunications		164			191		501			536
Ohio Franchise tax		304			304		914			927
FDIC assessments		293			346		773			1,132
Other real estate owned		155			107		280			414
Loan and collection expense		268			394		1,030			1,051
Other expense		412			142		1,235			1,398
Total noninterest expense		8,301			8,678		26,204			26,269
Income before income tax expense		1,990			2,063		5,804			5,911
Income tax expense		471			538		1,349			1,443
Net Income	$	1,519		$	1,525	$	4,455		$	4,468
Dividends and accretion on preferred stock		109			319		483			956
Net Income Available to Common Shareholders	$	1,410		$	1,206	$	3,972		$	3,512
Net Income Per Common Share
Basic	$	0.15		$	0.15	$	0.44		$	0.44
Diluted		0.15			0.15		0.44			0.44
Dividends declared		0.01			0.01		0.03			0.03
Average Common Shares Outstanding
Basic		9,303,702			7,944,354		8,940,213			7,937,781
Diluted		9,323,657			7,949,118		8,957,180			7,941,990

LNB Bancorp, Inc.
Supplemental Financial Information
(Unaudited - Dollars in thousands except Share and Per Share Data)
	Three Months Ended										Nine Months Ended
	September 30,		June 30,		March 31,		December 31,		September 30,		September 30,		September 30,
END OF PERIOD BALANCES	2013		2013		2013		2012		2012		2013		2012
Cash and Cash Equivalents	$	47,090	$	49,534	$	54,954	$	30,659	$	28,527	$	47,090	$	28,527
Securities		215,290		228,766		223,173		203,763		235,334		215,290		235,334
Restricted stock		5,741		5,741		5,741		5,741		5,741		5,741		5,741
Loans held for sale		2,110		3,423		6,250		7,634		3,380		2,110		3,380
Portfolio loans		891,300		882,896		889,931		882,548		885,715		891,300		885,715
Allowance for loan losses		17,791		17,815		17,806		17,637		17,587		17,791		17,587
Net loans		873,509		865,081		872,125		864,911		868,128		873,509		868,128
Other assets		66,762		65,701		68,940		65,546		65,668		66,762		65,668
Total assets	$	1,210,502	$	1,218,246	$	1,231,183	$	1,178,254	$	1,206,778	$	1,210,502	$	1,206,778
Total deposits		1,032,245		1,039,279		1,049,176		999,592		1,021,709		1,032,245		1,021,709
Other borrowings		64,539		64,704		64,684		63,861		64,720		64,539		64,720
Other liabilities		5,757		5,369		7,118		4,657		4,270		5,757		4,270
Total liabilities		1,102,541		1,109,352		1,120,978		1,068,110		1,090,699		1,102,541		1,090,699
Total shareholders' equity		107,961		108,894		110,205		110,144		116,079		107,961		116,079
Total liabilities and shareholders' equity	$	1,210,502	$	1,218,246	$	1,231,183	$	1,178,254	$	1,206,778	$	1,210,502	$	1,206,778
AVERAGE BALANCES
Assets:
Total assets	$	1,213,502	$	1,233,694	$	1,195,630	$	1,198,845	$	1,202,425	$	1,214,339	$	1,195,086
Earning assets*	$	1,130,695	$	1,147,869	$	1,113,292		1,124,703		1,128,665		1,130,682		1,115,116
Securities	$	222,229	$	225,644	$	207,791		224,876		233,153		218,900		227,508
Portfolio loans		883,321		882,499		884,893		883,228		876,818		883,565		865,462
Liabilities and shareholders' equity:
Total deposits	$	1,036,149	$	1,053,952	$	1,016,968	$	1,013,808	$	1,016,030	$	1,035,760	$	1,010,784
Interest bearing deposits	$	896,937	$	914,652	$	879,208		870,551		872,311		896,997		875,766
Interest bearing liabilities	$	961,636	$	979,260	$	943,566		935,239		939,268		961,554		940,976
Total shareholders' equity		108,025		110,619		110,416		116,573		115,666		109,678		115,036
INCOME STATEMENT
Total Interest Income	$	10,304	$	10,576	$	10,274	$	10,920	$	11,506	$	31,154	$	35,028
Total Interest Expense		1,529		1,567		1,570		1,732		1,843		4,666		5,777
Net interest income		8,775		9,009		8,704		9,188		9,663		26,488		29,251
Provision for loan losses		950		1,050		1,350		1,800		1,875		3,350		5,442
Other income		2,062		2,519		2,511		2,598		2,512		7,092		7,477
Net gain on sale of assets		404		553		821		778		441		1,778		894
Noninterest expense		8,301		8,622		9,281		8,634		8,678		26,204		26,269
Income before income taxes		1,990		2,409		1,405		2,130		2,063		5,804		5,911
Income tax expense		471		586		292		491		538		1,349		1,443
Net income		1,519		1,823		1,113		1,639		1,525		4,455		4,468
Preferred stock dividend and accretion		109		117		257		310		319		483		956
Net income available to common shareholders	$	1,410	$	1,706	$	856	$	1,329	$	1,206	$	3,972	$	3,512
Common cash dividend declared and paid	$	93	$	93	$	79	$	79	$	79	$	265	$	238
Net interest income-FTE (1)	$	8,934	$	9,169	$	8,860	$	9,339	$	9,808	$	26,962	$	29,711
Total Operating Revenue (4)	$	11,400	$	12,241	$	12,192	$	12,715	$	12,545	$	35,832	$	38,082

	Three Months Ended															Nine Months Ended
	September 30,			June 30,			March 31,			December 31,			September 30,			September 30,			September 30,
	2013			2013			2013			2012			2012			2013			2012
PER SHARE DATA
Basic net income per common share	$	0.15		$	0.18		$	0.10		$	0.17		$	0.15		$	0.44		$	0.44
Diluted net income per common share		0.15			0.18			0.10			0.17			0.15			0.44			0.44
Cash dividends per common share		0.01			0.01			0.01			0.01			0.01			0.03			0.03
Book value per common shares outstanding		10.62			10.36			10.87			11.50			11.45			10.62			11.45
Tangible book value per common shares outstanding**		8.25			8.35			8.49			8.70			8.65			8.25			8.65
Period-end common share market value		9.40			8.59			8.31			5.90			6.09			9.40			6.09
Market as a % of tangible book		113.93	%		102.90	%		97.93	%		67.82	%		70.39	%		113.93	%		70.39	%
Basic average common shares outstanding		9,303,702			9,303,702			8,201,120			7,944,354			7,944,354			8,940,213			7,937,781
Diluted average common shares outstanding		9,323,657			9,319,142			8,212,038			7,949,556			7,949,118			8,957,180			7,941,990
Common shares outstanding		9,303,702			9,303,702			9,303,702			7,944,354			7,944,354			9,303,702			7,944,354
KEY RATIOS
Return on average assets (2)		0.50	%		0.59	%		0.38	%		0.54	%		0.50	%		0.49	%		0.50	%
Return on average common equity (2)		5.58	%		6.61	%		4.09	%		5.59	%		5.25	%		5.43	%		5.19	%
Efficiency ratio		72.82	%		70.44	%		76.12	%		67.90	%		68.00	%		73.13	%		68.98	%
Noninterest expense to average assets (2)		2.71	%		2.80	%		3.15	%		2.87	%		2.87	%		2.89	%		2.94	%
Average equity to average assets		8.90	%		8.97	%		9.23	%		9.72	%		9.62	%		9.03	%		9.63	%
Net interest margin (FTE) (1)		3.13	%		3.20	%		3.23	%		3.30	%		3.46	%		3.19	%		3.56	%
Common stock dividend payout ratio		6.61	%		5.46	%		9.59	%		5.88	%		6.59	%		6.75	%		6.78	%
Common stock market capitalization	$	87,455		$	79,919		$	77,314		$	46,872		$	48,381		$	87,455		$	48,381
ASSET QUALITY
Allowance for Loan Losses
Allowance for loan losses, beginning of period	$	17,815		$	17,806		$	17,637		$	17,587		$	17,300			17,637			17,063
Provision for loan losses		950			1,050			1,350			1,800			1,875			3,350			5,442
Charge-offs		1,354			1,667			1,428			2,201			1,681			4,449			5,378
Recoveries		380			626			247			451			93			1,253			460
Net charge-offs		974			1,041			1,181			1,750			1,588			3,196			4,918
Allowance for loan losses, end of period	$	17,791		$	17,815		$	17,806		$	17,637		$	17,587		$	17,791		$	17,587
Nonperforming Assets
Nonperforming loans	$	24,976		$	26,605		$	28,514		$	27,796		$	32,584		$	24,976		$	32,584
Other real estate owned		951			1,149			1,215			1,366			1,653			951			1,653
Total nonperforming assets	$	25,927		$	27,754		$	29,729		$	29,162		$	34,237		$	25,927		$	34,237
Ratios
Total nonperforming loans to total loans		2.80	%		3.01	%		3.20	%		3.15	%		3.68	%		2.80	%		3.68	%
Total nonperforming assets to total assets		2.14	%		2.28	%		2.41	%		2.48	%		2.84	%		2.14	%		2.84	%
Net charge-offs to average loans (2)		0.44	%		0.47	%		0.54	%		0.79	%		0.72	%		0.48	%		0.76	%
Provision for loan losses to average loans (2)		0.43	%		0.48	%		0.62	%		0.81	%		0.85	%		0.51	%		0.84	%
Allowance for loan losses to portfolio loans		2.00	%		2.02	%		2.00	%		2.00	%		1.99	%		2.00	%		1.99	%
Allowance to nonperforming loans		71.23	%		66.96	%		62.45	%		63.45	%		53.97	%		71.23	%		53.97	%
Allowance to nonperforming assets		68.62	%		64.19	%		59.89	%		60.48	%		51.37	%		68.62	%		51.37	%
CAPITAL & LIQUIDITY
Period-end tangible common equity to assets**		6.46	%		6.49	%		6.53	%		5.98	%		5.79	%		6.46	%		5.73	%
Average equity to assets		8.90	%		8.97	%		9.23	%		9.72	%		9.62	%		9.03	%		9.63	%
Average equity to loans		12.23	%		12.53	%		12.48	%		13.20	%		13.19	%		12.41	%		13.29	%
Average loans to deposits		85.25	%		83.73	%		87.01	%		87.12	%		86.30	%		85.31	%		85.62	%
Tier 1 leverage ratio (3)		8.95	%		8.73	%		8.88	%		8.79	%		9.18	%		8.95	%		9.18	%
Tier 1 risk-based capital ratio (3)		12.40	%		11.36	%		11.11	%		11.21	%		11.71	%		12.40	%		11.71	%
Total risk-based capital ratio (3)		12.65	%		12.62	%		12.36	%		12.47	%		12.97	%		12.65	%		12.97	%

(1) FTE -- fully tax equivalent at 34% tax rate

(2) Annualized

(3) 9-30-13 ratio is estimated.

(4) Net interest income on a fully tax-equivalent basis ("FTE") plus noninterest income from operations

* Earning Assets includes Loans Held for Sale

** Non-GAAP measures.

Reconciliation of Pre-Provision Core Earnings*
	Three Months Ended September 30,				Nine Months Ended September 30,
	2013		2012		2013		2012
Pre-provision Core Earnings*	$	2,940	$	3,938	$	9,154	$	11,353
Provision for Loan Losses		950		1,875		3,350		5,442
Income before income tax expense	$	1,990	$	2,063	$	5,804	$	5,911

* Pre-provision core earnings is a non-GAAP financial measure that the Company’s management believes is useful in analyzing the Company’s underlying performance trends, particularly in periods of economic stress. Pre-provision core earnings is defined as income before income tax expense, adjusted to exclude the impact of provision for loan losses.

CONTACT:
LNB Bancorp, Inc.
Peter. R. Catanese, Senior Vice President, 440-244-7126

EX-99.2

October 2013

I am pleased to report that our net income available to common shareholders in the third quarter 2013 was $1.4 million, 17% higher than the third quarter of 2012. Net income available to common shareholders for the first nine months of 2013 was $4.0 million, or $0.44 per share, compared to $3.5 million for the same period in 2012. We continued to make progress in growing our earnings in a slowly improv ing economic environment.

Noninterest income was $2.5 million for the third quarter of 2013 compared to $3.0 million for the prior-year third quarter. During the quarter, the mortgage refinance market slowed as interest rates rose. Primarily due to fluctuating interest rates, the market value of our mortgage loans declined by $273,000.

Credit quality continued to improve as we worked with our local businesses through these uncertain economic times. Non-performing loans in the third quarter 2013 declined by $8.3 million from the third quarter of 2012, and our provision expense declined by $925,000.

Expense management continues to be a strength of the organization. Expenses declined by 4.3% in the third quarter 2013 compared to the third quarter of last year, as we have leveraged our new technology and continue to focus on becoming more efficient in all aspects of the business.

New Strategic Investments:

SBA Lending Team

Revenue growth is a critical aspect of the future success of LNB. During the quarter we opened a new loan office in Columbus, Ohio focusing on business loans utilizing Small Business Administration (SBA) programs. We expect that this newly-created team of three experienced lenders and an underwriter will develop a new source of fee income and loan balances for the company.

The team, headed by James Baemel, senior vice president, has considerable experience in government lending programs. They will focus on uncovering commercial loan opportunities at medical offices, veterinarians, dental practices and funeral homes, initially over a nine state area. The team, which has been up and running for about four weeks now, has an impressive pipeline of loan opportunities.

See reverse side.

[Mobile LNB Logo]

Mobile Banking

We’ll introduce our new service – Mobile LNB – to our employees on November 1st. Then, on November 18th, we’ll open the service up to our customers. Remote Deposit will also be added in early January—take a photo of a check and deposit it into your account. More information on how to sign up for Mobile LNB will be available at our banking offices and on our web site soon.

Thank you for your continued support and commitment of LNB and community banking. I appreciate your interest and feedback.

Sincerely,

Daniel E. Klimas
President & Chief Executive Officer