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Article: LCNB Corp. Reports Financial Results for the Three and Nine Months Ended September 30, 2009.
- Article from:
- Investment Weekly News
- Article date:
- November 7, 2009
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LCNB Corp. (OTCBB: LCNB) announced net income available to common shareholders of $1,837,000 ($0.27 basic and diluted earnings per common share) and $4,932,000 ($0.74 basic and diluted earnings per common share) for the three and nine months ended September 30, 2009, respectively. This compares to $1,794,000 ($0.27 basic and diluted earnings per common share) and $4,936,000 ($0.74 basic and diluted earnings per common share) for the same three and nine-month periods in 2008.
Significantly affecting net income for the 2009 periods were the provision for loan losses and industry-wide increases in FDIC premium expense. The provision for loan losses for the three and ...