Lakeland financial corporation (LKFN)
Balance Sheet / TTM
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Dec'10
ASSETS
Cash and due from banks

52

68

90

154

143

192

151

147

113

140

109

111

89

142

252

77

63

67

86

77

99

75

58

150

67

55

72

55

66

156

134

162

138

56

54

53

42

Short-term investments

79

30

46

41

45

24

31

32

54

35

20

25

21

24

25

31

16

13

11

11

13

15

11

9

9

7

8

7

8

75

46

32

28

47

46

6

17

Total cash and cash equivalents

132

99

136

196

188

216

182

180

167

176

129

137

111

167

278

108

80

80

98

89

113

90

70

160

77

63

81

63

75

232

181

194

167

104

101

60

60

Securities available-for-sale (carried at fair value)

624

608

613

609

595

585

570

563

560

538

536

530

528

504

502

499

485

478

477

470

477

475

473

475

471

468

463

472

482

467

481

478

476

467

464

446

442

Real estate mortgage loans held-for-sale

7

4

7

5

3

2

3

6

1

3

4

4

3

5

5

4

2

3

3

3

2

1

1

1

2

1

1

5

6

9

6

5

4

2

5

3

5

Loans, net of allowance for loan losses of $53,609 and $50,652

4,032

4,015

3,972

3,948

3,889

3,866

3,794

3,811

3,800

3,771

3,589

3,532

3,488

3,427

3,237

3,154

3,070

3,037

2,927

2,848

2,726

2,716

2,655

2,627

2,528

2,486

2,342

2,284

2,211

2,206

2,151

2,162

2,172

2,180

2,128

2,097

2,044

Land, premises and equipment, net

60

60

59

58

58

58

57

57

55

56

56

56

53

52

52

49

48

46

44

43

42

41

40

39

39

39

38

35

34

34

34

34

35

34

31

30

30

Bank owned life insurance

83

83

83

82

82

77

76

76

76

75

75

74

74

74

70

70

70

69

67

67

67

66

63

63

62

62

62

62

61

61

40

40

40

39

39

39

38

Federal Reserve and Federal Home Loan Bank stock

13

13

13

13

13

13

13

13

13

13

13

11

11

11

8

8

7

7

7

7

9

9

10

10

10

10

-

-

-

10

-

-

-

-

-

-

-

Accrued interest receivable

15

15

15

17

17

15

15

15

14

14

13

12

11

11

10

10

10

9

9

9

9

8

9

8

8

8

8

9

9

8

9

9

9

9

8

8

9

Goodwill

4

4

4

4

4

4

4

4

4

4

4

4

4

4

4

4

4

4

4

4

4

4

4

4

4

4

4

4

4

4

4

4

4

4

4

4

4

Other intangible assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

0

0

0

0

0

0

0

0

Other assets

54

41

40

37

37

34

37

32

31

28

30

28

31

31

27

26

29

28

26

27

25

27

26

26

27

29

38

37

40

29

40

43

44

45

42

43

45

Total assets

5,030

4,946

4,948

4,975

4,891

4,875

4,757

4,760

4,726

4,682

4,454

4,392

4,319

4,290

4,197

3,937

3,808

3,766

3,666

3,572

3,477

3,443

3,355

3,419

3,233

3,175

3,041

2,975

2,927

3,064

2,952

2,974

2,954

2,889

2,827

2,735

2,681

LIABILITIES AND STOCKHOLDERS' EQUITY
LIABILITIES
Noninterest bearing deposits

1,057

983

1,011

946

931

946

880

839

858

885

821

762

762

819

770

727

660

715

630

602

589

579

515

506

482

479

449

397

386

407

357

376

346

356

323

309

305

Interest bearing deposits

3,223

3,150

3,272

3,274

3,215

3,097

3,135

3,095

3,240

3,123

3,052

2,852

2,916

2,758

2,881

2,676

2,590

2,468

2,516

2,417

2,404

2,293

2,373

2,320

2,256

2,066

1,995

2,085

2,064

2,173

2,118

2,148

2,137

2,056

2,032

1,966

1,895

Total deposits

4,281

4,133

4,283

4,221

4,147

4,044

4,015

3,934

4,099

4,008

3,873

3,615

3,679

3,577

3,651

3,403

3,250

3,183

3,147

3,020

2,994

2,873

2,889

2,827

2,738

2,546

2,444

2,483

2,451

2,581

2,476

2,525

2,483

2,412

2,356

2,276

2,201

Federal Home Loan Bank advances

75

170

0

100

0

170

80

-

-

80

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Miscellaneous borrowings

10

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total borrowings

85

170

30

145

152

276

208

312

125

181

-

-

-

261

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Securities sold under agreements to repurchase

-

-

0

0

0

75

77

106

94

70

63

60

59

50

60

56

59

69

80

51

60

54

60

92

81

104

103

102

113

121

118

98

125

131

139

127

142

Federal funds purchased

-

-

-

15

122

-

20

175

0

-

-

-

-

180

-

-

-

-

0

0

0

0

8

0

8

11

57

37

-

0

0

0

0

10

-

9

0

Other short-term borrowings

-

-

-

-

-

-

-

-

-

-

0

215

85

-

0

0

35

70

0

75

0

105

0

110

25

146

75

-

-

0

-

-

-

-

2

2

2

Other short-term borrowings

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

30

Total short-term borrowings

-

-

-

-

-

-

-

-

-

-

63

275

144

-

60

56

94

139

80

126

60

160

68

202

114

261

235

139

113

121

118

98

125

141

141

138

174

Long-term borrowings

-

-

-

-

-

-

-

-

-

-

0

0

0

-

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

15

15

15

15

15

15

15

15

Subordinated debentures

-

-

30

30

30

30

30

30

30

30

30

30

30

30

30

30

30

30

30

30

30

30

30

30

30

30

30

30

30

30

30

30

30

30

30

30

30

Accrued interest payable

10

11

12

12

11

10

8

7

7

6

5

4

5

5

5

4

4

3

3

3

3

2

2

2

2

2

-

-

-

4

-

-

-

-

-

-

-

Accrued expenses payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

12

11

18

-

15

14

17

13

12

12

11

Other liabilities

46

33

37

30

36

22

26

19

20

17

17

15

20

18

21

23

21

15

16

14

17

14

11

10

14

11

2

2

7

11

1

1

1

2

1

2

2

Total liabilities

4,423

4,348

4,363

4,410

4,348

4,353

4,259

4,274

4,253

4,214

3,991

3,942

3,881

3,862

3,769

3,518

3,401

3,373

3,279

3,196

3,106

3,081

3,003

3,075

2,901

2,853

2,726

2,667

2,621

2,766

2,657

2,686

2,673

2,616

2,558

2,475

2,434

Commitments, off-balance sheet risks and contingencies (Notes 1 and 18)

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

0

-

-

-

0

-

-

-

0

-

-

-

0

-

-

-

0

-

-

-

STOCKHOLDERS' EQUITY
Common stock: 90,000,000 shares authorized, no par value 25,701,115 shares issued and 25,234,572 outstanding as of March 31, 2020 25,623,016 shares issued and 25,444,275 outstanding as of December 31, 2019

113

114

114

112

111

112

111

109

107

108

107

105

104

104

103

101

99

99

98

96

96

96

95

94

93

93

92

90

90

90

89

88

88

87

87

86

85

Retained earnings

484

475

460

446

432

419

404

390

376

363

357

347

337

327

319

310

302

294

285

278

271

263

255

247

239

233

225

219

212

203

200

194

188

181

176

170

161

Accumulated other comprehensive income

22

12

13

9

2

-6

-13

-9

-7

-0

0

0

-1

-2

7

10

7

2

5

2

5

3

2

3

0

-2

-1

-0

4

5

6

6

6

5

6

3

1

Treasury stock at cost (466,543 shares as of March 31, 2020, 178,741 shares as of December 31, 2019)

14

4

4

3

3

3

3

3

3

3

3

3

3

2

2

2

2

2

2

2

2

2

1

1

2

1

1

1

1

1

1

1

1

1

1

1

1

Total stockholders' equity

606

598

584

565

543

521

498

486

473

468

462

450

437

426

427

418

406

392

386

375

370

361

351

343

332

321

314

307

306

297

294

287

280

273

268

259

246

Noncontrolling interest

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

Total equity

606

598

584

565

543

521

498

486

473

468

462

450

437

427

427

418

406

392

386

375

370

361

351

343

332

321

314

307

306

297

294

287

280

273

268

259

247

Total liabilities and equity

5,030

4,946

4,948

4,975

4,891

4,875

4,757

4,760

4,726

4,682

4,454

4,392

4,319

4,290

4,197

3,937

3,808

3,766

3,666

3,572

3,477

3,443

3,355

3,419

3,233

3,175

3,041

2,975

2,927

3,064

2,952

2,974

2,954

2,889

2,827

2,735

2,681