LNB Bancorp, Inc. (NASDAQ:LNBB) (“LNB” or the “Company”) today reported financial results for the second quarter 2013. Net income available to common shareholders was $1.7 million, or $0.18 per common share, compared to $1.1 million, or $0.14 per common share, for the year-ago quarter. Net income available to common shareholders for the first six months of 2013 was $2.6 million, or $0.29 per share. Noninterest income was $3.1 million for the second quarter of 2013 compared to $2.5 million for the prior-year second quarter. This 21% year over year increase was driven primarily by growth in mortgage and indirect auto lending businesses. Noninterest income for the first six months of 2013 was $6.4 million, up $986,000, or 18%, from the same six month period in 2012. “Although interest rates increased at the end of the quarter, overall we posted a healthy gain on the sale of loans of $587,000 for the quarter, up 186% from $205,000 earned in the second quarter of 2012,” stated Daniel E. Klimas, president and chief executive officer of LNB Bancorp. “Noninterest income growth has helped to offset our margin compression. The growth in mortgage revenue was largely the result of strategic investments made in 2012 to expand our sales and credit teams,” added Klimas. Noninterest expense was $8.6 million for the second quarter of 2013 compared with $9.0 million in the same period of 2012, a decrease of 4.7%. “Expense management continues to be a key contributor to our success,” stated Klimas. The Company continues to make progress on improving credit quality as non-performing assets at the end of the second quarter of 2013 declined by $8.7 million from the second quarter of 2012. The ratio of non-performing assets to total assets at June 30, 2013 was 2.28%, down from 3.02% at June 30, 2012. The provision for loan losses was $1.1 million in the second quarter of 2013, down $617,000 from the 2012 second quarter, reflecting the Company’s improvement in credit quality. Net charge-offs were $1.0 million for the second quarter of 2013, or 0.47% of average loans (annualized), compared to $1.5 million, or 0.69% of average loans (annualized), in the second quarter of 2012.