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Press Release LCNB CORP . Two North Broadway Lebanon , Ohio 45036 Company Contact : Eric J. Meilstrup President Chief Executive Officer LCNB National Bank ( 513 ) 932-1414 emeilstrup@lcnb.com Investor and Media Contact : Andrew M. Berger Managing Director SM Berger & Company , Inc. ( 216 ) 464-6400 . andrew@smberger.com LCNB Corp. Reports Financial Results For The Three Months Ended March 31 , 2021 First Quarter Diluted Earnings Per Share Increased 5.1 % Year - over - year to $ 0.41 47.8 % Year - over - Year Increase in Trust and Investment Assets Drives Robust Fiduciary Income Credit Quality Remains Strong with Limited Net Charge - Offs Recorded in First Quarter Total Assets Managed¹ Increased 21.5 % Year - over - year to a Record $ 3.04 Billion Exhibit 99.1 LEBANON , Ohio -- LCNB Corp. ( " LCNB " ) ( NASDAQ : LCNB ) today announced financial results for the three months ended March 31 , 2021 . Net income for the 2021 first quarter increased 4.3 % to $ 5,240,000 compared to $ 5,026,000 for the same period last year . Earnings per basic and diluted share for the 2021 first quarter were $ 0.41 , compared to $ 0.39 for the same period last year . Earnings , before provisions for loan losses and income taxes , were $ 6,345,000 for the 2021 first quarter compared to $ 6,945,000 for the same period last year . Commenting on the financial results , LCNB President and Chief Executive Officer Eric Meilstrup said , " Total assets managed increased to a record of over $ 3.0 billion , an important milestone for LCNB , as we benefited from strong year - over - year growth across all aspects of our business . Growth in trust and investment assets was particularly strong , which drove a 38.6 % increase in fiduciary income . Our trust and investment businesses are important growth drivers , and we are benefiting from over 50 years of providing local , sophisticated , and diverse wealth solutions to our customers . " Mr. Meilstrup continued , " Our asset quality is encouraging and we had limited net charge - offs in the quarter . At March 31 , 2021 , we only had six loans in deferral status for $ 19.6 million , which is a 94.9 % decline from the amount of deferrals at June 30 , 2020. We also continue to support small businesses within our local communities and during the first quarter we originated 345 new PPP loans for $ 23.6 million while processing $ 11.0 million of loan forgiveness under the program . " 1 Total Assets Managed includes LCNB Corp. Consolidated Assets , Wealth Management & Brokerage Assets , Loans Serviced for Others , and Cash Management Services .