Lakeland Financial Corporation (LKFN) financial statements (2022 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)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments6832509921717616781
Cash and cash equivalents6832509921717616781
Total current assets:6832509921717616781
Noncurrent Assets
Operating lease, right-of-use asset455
Property, plant and equipment59596058565247
Long-term investments and receivables9977553
Long-term investments9977553
Intangible assets, net (including goodwill)5555555
Goodwill5555555
Total noncurrent assets:78787770676255
Other undisclosed assets5,7965,5024,7704,5884,4404,0613,631
TOTAL ASSETS:6,5575,8304,9474,8754,6834,2903,766
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt 75170246151230140
Total current liabilities: 75170246151230140
Noncurrent Liabilities
Other undisclosed liabilities5,8525,0984,1794,1084,0643,6333,234
Total liabilities:5,8525,1734,3494,3544,2143,8633,373
Stockholders' equity
Stockholders' equity attributable to parent705657598522469427393
Common stock12111511511210910499
Treasury stock, value(15)(15)(4)(4)(3)(3)(2)
Accumulated other comprehensive income (loss)162812(6)(1)(2)2
Retained earnings583529475419364328294
Stockholders' equity attributable to noncontrolling interest0000000
Total stockholders' equity:705657598522469427393
TOTAL LIABILITIES AND EQUITY:6,5575,8304,9474,8754,6834,2903,766

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues25181918464339
Net investment income23161817151412
Financial services revenue322927
Cost of revenue
(Amortization of Mortgage Servicing Rights (MSRs))
(2)(1)(1)(1)(1)(1)(1)
Gross profit:22171918464239
Operating expenses(25)(23)(20)(19)(62)(58)(53)
Operating loss:(3)(6)(2)(1)(16)(15)(15)
Nonoperating income
(Bank Owned Life Insurance Income)
2221211
Interest and debt expense(15)(30)(60)(48)(30)(20)(17)
Other undisclosed income from continuing operations before equity method investments, income taxes 13816714613411299
Income (loss) from continuing operations before equity method investments, income taxes:(16)10410799907769
Other undisclosed income from continuing operations before income taxes133      
Income from continuing operations before income taxes:11710410799907769
Income tax expense(22)(20)(20)(19)(32)(25)(23)
Net income available to common stockholders, diluted:96848780575246

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income:96848780575246
Other comprehensive income (loss)(12)1618(5)2(5)(2)
Comprehensive income, net of tax, attributable to parent:8410010575594845

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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