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Letter portraitLegal landscapeQuarterYTD

LCNB National Bank

Lebanon, OH · Cert 6623 · LCNB Corp.

National charter · OCC · 35 branches

Q2 2026

$2.2BAssets
$1.7BLoans
$1.8BDeposits
$285.6MEquity
Loan mix
93%RE $1.6B6%C&I $0.1B1%Consumer $0.0BQ3 2024Q2 2026
Deposit mix
73%Interest-bearing $1.3B27%Noninterest $0.5BQ3 2024Q2 2026

Market Position · Cincinnati, OH-KY-IN · 2026 SOD (annual) · 0.7% share · #11 of 54 inst. · $1.2B of $187.5B

12.9% Warren
0.2% Hamilton
1.7% Montgomery
2.1% Butler

Executive Summary

  • Earnings: ROA of 1.43%, up 33 bps year over year; NIM at 3.70%.
  • Asset quality: problem loans at 0.34% of loans (+7 bps YoY), with net charge-offs at 0.00%.
  • Capital: tier 1 leverage ratio of 9.30%, up 98 bps from a year ago.
  • Funding: loans stand at 93.59% of deposits as of Q2 2026.

Return on Assets (quarter, annualized)

1.43%+33 bps YoY

Net Interest Margin (quarter, annualized)

3.70%+48 bps YoY

Efficiency Ratio (quarter, annualized)

59.82%-531 bps YoY

Tier 1 Leverage Ratio

9.30%+98 bps YoY

NIM

4.46%Q2 ’244.52%Q2 ’254.67%Q2 ’26+21%+15%

Non-interest income vs. expense

2.89%Q2 ’242.69%Q2 ’252.78%Q2 ’26-20%+2%

Discrete quarter, annualized.

MetricQ3 2024Q4 2024Q1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets0.79%1.11%0.85%1.10%1.27%1.10%0.90%1.43%+33 bps
Return on Equity7.30%9.89%7.49%9.52%10.63%8.91%7.17%11.25%+173 bps
Net Interest Margin2.63%2.99%2.95%3.22%3.33%3.44%3.50%3.70%+48 bps
Efficiency Ratio70.58%61.50%70.39%65.13%61.34%61.44%64.05%59.82%-531 bps
Non-Interest Burden1.48%1.40%1.76%1.72%1.60%1.66%1.86%1.75%+3 bps
Growth
Asset Growth (YoY)18.47%0.65%0.82%-2.72%-4.43%-2.89%-2.82%-3.64%-92 bps
Loan Growth (YoY)20.32%0.23%-0.47%-3.47%-4.09%-1.16%-1.31%-0.93%+254 bps
Deposit Growth (YoY)18.60%2.82%3.41%-1.22%-3.54%-1.92%-4.31%-5.26%-404 bps
Asset Quality
Nonperforming Loans / Loans0.19%0.27%0.28%0.28%0.12%0.14%0.19%0.34%+7 bps
Net Charge-Offs / Loans0.02%0.14%0.01%0.02%0.04%0.00%0.64%0.00%-2 bps
Allowance / Loans0.68%0.69%0.70%0.70%0.72%0.80%0.79%0.80%+9 bps
Allowance Coverage of NPLs3.6x2.6x2.5x2.5x6.2x5.9x4.1x2.3x-0.2x
Capital
Tier 1 Leverage Ratio7.74%7.94%8.07%8.32%8.53%8.94%8.95%9.30%+98 bps
Total Risk-Based Capital10.46%10.60%10.66%10.88%11.65%11.81%12.04%12.40%+152 bps
Equity / Assets11.09%11.28%11.49%11.65%12.25%12.44%12.59%12.87%+122 bps
Liquidity & Funding
Loans / Deposits91.48%91.96%89.67%89.50%90.97%92.67%92.48%93.59%+409 bps
Liquid Assets / Assets1.30%1.38%1.49%1.29%1.12%0.84%0.99%0.91%-38 bps
CRE / Total Capitaln/an/an/an/a559%556%543%n/an/a