LNB Bancorp, Inc. (NASDAQ:LNBB) (“LNB” or the “Company”) today reported financial results for the third quarter 2013. Net income available to common shareholders was $1.4 million, or $0.15 per common share, compared to $1.2 million, or $0.15 per common share, for the year-ago quarter. Net income available to common shareholders for the first nine months of 2013 was $4.0 million, or $0.44 per share, compared to $3.5 million, or $0.44 per share, in the same period in 2012. Noninterest expense was $8.3 million for the third quarter of 2013 compared with $8.7 million in the same period of 2012, a decrease of 4.3%. “Even in this slowly improving economy, we showed nice improvement in earnings growth, primarily due to expense management and improving credit quality,” stated Daniel E. Klimas, president and chief executive officer. “Revenue growth is key to our future success. We’re looking to expand current relationships as well as focus on targeted new lines of business,” added Klimas. The Company continued to make progress on improving credit quality as non-performing assets at the end of the third quarter of 2013 declined by $8.3 million from the third quarter of 2012. The ratio of non-performing assets to total assets at September 30, 2013 was 2.14%, down from 2.84% at September 30, 2012. The provision for loan losses was $950,000 in the third quarter of 2013, down $925,000 from the 2012 third quarter, reflecting the Company’s improvement in credit quality. Net charge-offs were $974,000 for the third quarter of 2013, or 0.44% of average loans (annualized), compared to $1.6 million, or 0.72% of average loans (annualized), in the third quarter of 2012. Noninterest income was $2.5 million for the third quarter of 2013 compared to $3.0 million for the prior-year third quarter. Noninterest income for the first nine months of 2013 was $8.9 million, up $499,000, or 6%, from the same nine month period in 2012. During the quarter, the mortgage refinance market slowed as interest rates rose. Fluctuating interest rates caused a decline in the market value of the derivatives associated with our mortgage activities; this loss of $273,000 is reflected in other income.