Lakeland Financial Corporation (LKFN) financial statements (2021 and earlier)

Company profile

Business Address 202 E CENTER ST
WARSAW, IN 46581-1387
State of Incorp. IN
Fiscal Year End December 31
SIC 6022 - State Commercial Banks (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments250992171761678191
Cash and cash equivalents250992171761678191
Disposal group, including discontinued operation      2
Total current assets:250992171761678192
Noncurrent Assets
Operating lease, right-of-use asset55
Property, plant and equipment59605856524742
Long-term investments and receivables9775534
Long-term investments9775534
Intangible assets, net (including goodwill)5555555
Goodwill5555555
Total noncurrent assets:78777067625551
Other undisclosed assets5,5024,7704,5884,4404,0613,6313,300
TOTAL ASSETS:5,8304,9474,8754,6834,2903,7663,443
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt75170246151230140160
Total current liabilities:75170246151230140160
Noncurrent Liabilities
Other undisclosed liabilities5,0984,1794,1084,0643,6333,2342,921
Total liabilities:5,1734,3494,3544,2143,8633,3733,082
Stockholders' equity
Stockholders' equity attributable to parent657598522469427393361
Common stock1151151121091049996
Treasury stock, value(15)(4)(4)(3)(3)(2)(2)
Accumulated other comprehensive income (loss)2812(6)(1)(2)24
Retained earnings529475419364328294263
Stockholders' equity attributable to noncontrolling interest0000000
Total stockholders' equity:657598522469427393361
TOTAL LIABILITIES AND EQUITY:5,8304,9474,8754,6834,2903,7663,443

Income statement (P&L) ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues18191846433939
Net investment income16181715141212
Financial services revenue32292728
Cost of revenue
(Amortization of Mortgage Servicing Rights (MSRs))
(1)(1)(1)(1)(1)(1)(1)
Gross profit:17191846423939
Operating expenses(23)(20)(19)(62)(58)(53)(52)
Operating loss:(6)(2)(1)(16)(15)(15)(13)
Nonoperating income2212112
Bank owned life insurance income2212111
Interest and debt expense(30)(60)(48)(30)(20)(17)(15)
Other undisclosed income from continuing operations before equity method investments, income taxes1381671461341129992
Income from continuing operations before income taxes:1041079990776966
Income tax expense(20)(20)(19)(32)(25)(23)(22)
Net income available to common stockholders, diluted:84878057524644

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income:84878057524644
Other comprehensive income (loss)1618(5)2(5)(2)6
Comprehensive income, net of tax, attributable to parent:1001057559484550

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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