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)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments99217176167819163
Cash and cash equivalents99217176167819163
Disposal group, including discontinued operation     2 
Total current assets:99217176167819263
Noncurrent Assets
Operating lease, right-of-use asset5
Property, plant and equipment60585652474239
Long-term investments and receivables7755342
Long-term investments7755342
Intangible assets, net (including goodwill)5555555
Goodwill5555555
Total noncurrent assets:77706762555146
Other undisclosed assets4,7704,5884,4404,0613,6313,3003,066
TOTAL ASSETS:4,9474,8754,6834,2903,7663,4433,176
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt170246151230140160262
Total current liabilities:170246151230140160262
Noncurrent Liabilities
Other undisclosed liabilities4,1794,1084,0643,6333,2342,9212,592
Total liabilities:4,3494,3544,2143,8633,3733,0822,854
Stockholders' equity
Stockholders' equity attributable to parent598522469427393361322
Common stock115112109104999693
Treasury stock, value(4)(4)(3)(3)(2)(2)(2)
Accumulated other comprehensive income (loss)12(6)(1)(2)24(2)
Retained earnings475419364328294263233
Stockholders' equity attributable to noncontrolling interest0000000
Total stockholders' equity:598522469427393361322
TOTAL LIABILITIES AND EQUITY:4,9474,8754,6834,2903,7663,4433,176

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues191846433939 
Net investment income181715141212 
Financial services revenue32292728 
Cost of revenue
(Amortization of Mortgage Servicing Rights (MSRs))
(1)(1)(1)(1)(1)(1)1
Gross profit:1918464239391
Operating expenses(20)(19)(62)(58)(53)(52)(37)
Operating loss:(2)(1)(16)(15)(15)(13)(37)
Nonoperating income2121122
Bank owned life insurance income2121112
Interest and debt expense(60)(48)(30)(20)(17)(15)(17)
Other undisclosed income from continuing operations before equity method investments, income taxes1671461341129992111
Income from continuing operations before income taxes:107999077696658
Income tax expense(20)(19)(32)(25)(23)(22)(20)
Net income available to common stockholders, diluted:87805752464439

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income:87805752464439
Other comprehensive income (loss)18(5)2(5)(2)6(8)
Comprehensive income, net of tax, attributable to parent:105755948455031

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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