LCNB Corp. reported unaudited earnings results for the fourth quarter and year ended December 31, 2015. For the quarter, the company reported interest income of $10,812,000 against $10,367,000 for the same period last year. Net interest income was $9,906,000 against $9,523,000 for the same period last year. Net interest income increased due primarily to an increase in the volume of average interest earning assets, primarily loans. Income before income taxes was $3,897,000 against $4,445,000 for the same period last year. Net income was $2,884,000 or $0.29 per diluted share against $3,217,000 or $0.34 per diluted share for the same period last year. Return on average assets was 0.89% against 1.14% for the same period last year. Return on average equity was 8.07% against 10.18% for the same period last year. Core net income was $2,778,000 compared to $3,217,000 a year ago. Dilute core earnings per share were $0.28 compared to $0.34 a year ago. Adjusted return on average assets was 0.86% compared to 1.13% a year ago. Adjusted return on average equity was 7.77% compared to 10.06% a year ago.

For the year, the company reported interest income of $42,659,000 against $39,477,000 for the same period last year. Net interest income was $39,331,000 against $35,887,000 for the same period last year. Net interest income increased due primarily to an increase in the volume of average interest earning assets, primarily loans. Income before income taxes was $15,696,000 against $13,255,000 for the same period last year. Net income was $11,474,000 or $1.18 per diluted share against $9,869,000 or $1.06 per diluted share for the same period last year. Return on average assets was 0.94% against 0.88% for the same period last year. Return on average equity was 8.43% against 8.04% for the same period last year. Book value per share as at December 31, 2015 was $14.12 against $13.50 as at December 31, 2014. Tangible book value per share as at December 31, 2015 was $10.58 against $10.08 as at December 31, 2014. Core net income was $11,610,000 compared to $10,699,000 a year ago. Dilute core earnings per share were $1.20 compared to $1.15 a year ago. Adjusted return on average assets was 0.95% compared to 0.95% a year ago. Adjusted return on average equity was 8.53% compared to 8.67% a year ago.

For fourth quarter, the company reported net charge-offs $210,000 compared to $370,000 a year ago.