LCNB (LCNB) Credit Losses Provision : $2.26 Mil (As of Mar. 2024)

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What is LCNB Credit Losses Provision?

LCNB's credit losses provision for the three months ended in Mar. 2024 was $0.13 Mil. Its credit losses provision for the trailing twelve months (TTM) ended in Mar. 2024 was $2.26 Mil.

LCNB's quarterly credit losses provision increased from Sep. 2023 ($-0.11 Mil) to Dec. 2023 ($2.22 Mil) but then declined from Dec. 2023 ($2.22 Mil) to Mar. 2024 ($0.13 Mil).

LCNB's annual credit losses provision increased from Dec. 2021 ($-0.27 Mil) to Dec. 2022 ($0.25 Mil) and increased from Dec. 2022 ($0.25 Mil) to Dec. 2023 ($2.08 Mil).

LCNB Credit Losses Provision Historical Data

The historical data trend for LCNB's Credit Losses Provision can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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LCNB Credit Losses Provision Chart

LCNB Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Credit Losses Provision

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0.21

2.01

-0.27

0.25

2.08

LCNB Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Credit Losses Provision	Get a 7-Day Free Trial															-0.06	0.03	-0.11	2.22	0.13

LCNB Credit Losses Provision Calculation

For each period of operations, banks may reserve a portion of their income to cover the possible non-performing loans. The amount of the Credit Losses Provision is dependent on the management's estimate of the load quality they have. The higher Credit Losses Provision is, the lower banks' reported income in. This does not affect banks' cash flow statement.

Credit Losses Provision for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $2.26 Mil.

LCNB (LCNB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » LCNB Corp (NAS:LCNB) » Definitions » Credit Losses Provision

Comparable Companies

Traded in Other Exchanges

N/A

Address

2 North Broadway, P.O. Box 59, Lebanon, OH, USA, 45036

Website

https://www.lcnb.com

LCNB Corp operates within the financial sector in the United States. As the holding company of the National Bank, it conducts the business of providing commercial and personal banking services. Its suite of banking products includes commercial and industrial loans, consumer loans, safe deposit boxes, night depositories, cashier's checks, utility bill collections, and notary public service. Besides, it provides the avenue of United States Treasury notes, the United States agency notes, certificates of deposit and equity securities.

Executives

Takeitha W Lawson	director	7313 ENGLISH GARDEN LANE, ANDERSON TOWNSHIP OH 45230
Anne E Krehbiel	director	7709 CHUMANI LANE, CINCINNATI OH 45243
Craig Millis Johnson	director	3436 WHITFIELD AVE, CINCINNATI OH 45220
Michael Robert Miller	officer: Exec. Vice President	8368 SQUIRRELL RIDGE DR, CINCINNATI OH 45243
Eric J Meilstrup	officer: EVP/Cashier	225 DICKENS COURT, LEBANON OH 45036
Mulligan Lawrence P Jr.	officer: Executive Vice President	218 S MAIN ST, MIDDLETOWN OH 45044
Steve P Foster	director, officer: Chief Executive Officer	1017 COUNTRY CREEK DR, LEBONON OH 45036
Mary E Bradford	director	4962 THUNDER RD, CLEVES OH 45002
William H Kaufman	director	1017 COUNTRY CREEK DR, LEBONON OH 45036
William G Huddle	director	9394 DIN EIDYN DR, DUBLIN OH 43017
Stephen P Wilson	director, officer: President & CEO
John F Smiley	officer: Exec Vice President	7119 COVENTRY WOODS DRIVE, DUBLIN OH 43017
Michael J Johrendt	director	434 TARPON BLVD, FRIPP ISLAND SC 29920
Bradley Austin Ruppert	officer: Executive Vice President	180 LAKEVIEW DR, FRANKLIN OH 45005
Leroy F Mckay	officer: Executive Vice President	257 MECHANIC STREET, LEBANON OH 45036