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(LCNB) (LCNB) today announced net income of $3,106,000 (total basic and diluted earnings per share of $0.31) and $9,355,000 (total basic and diluted earnings per share of $0.93) for the three and nine months ended September 30, 2017.This compares to net income of $2,896,000 (total basic and diluted earnings per share of $0.29) and $8,828,000 (total basic and diluted earnings per share of $0.89 and $0.88, respectively) for the same three and nine-month periods in 2016.Marketing expense increased due to the expanded use of television and digital advertising.Other real estate owned expenses decreased because the amount of other real estate owned property held during 2017 was significantly less than the amount of property held during 2016.Comparing September 30, 2017 to December 31, 2016, net loans increased $14.6 million or 1.8% and total deposits increased $10.6 million or 1.0%.Return on average assets for the nine months ended September 30, 2017 was 0.95% compared to 0.91% for the first nine months of 2016.



is a financial holding company headquartered in Lebanon, Ohio.A commercial loan office is located in Franklin County, Ohio.The Bank continually strives to exceed customer expectations and provides an array of services for all personal and business banking needs including checking, savings, online banking, personal lending, business lending, agricultural lending, business support, deposit and treasury, investment services, trust and IRAs and stock purchases. common shares are traded on the NASDAQ Capital Market Exchange® under the symbol “LCNB.” Learn more about LCNB Corp. Certain statements made in this news release regarding LCNB’s financial condition, results of operations, plans, objectives, future performance and business, are “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, Section 21E of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995.LEBANON, Ohio--(BUSINESS WIRE)--LCNB) today announced net income of $3,106,000 (total basic and diluted earnings per share of $0.31) and $9,355,000 (total basic and diluted earnings per share of $0.93) for the three and nine months ended September 30, 2017.