Lakeland Bank Mortgage Rates, Fees & Info

Newfoundland, NJ

LEI: 549300ZJ3ZL66QGSGO48

Tax ID: 22-1867508

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Similar Lenders
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Bank Data

  • Branches
  • Income
  • Loan Types
  • Deposit Mix
  • Loan Performance
  • Assets
  • Business Loans

    • Review & Overview

    Lakeland Bank is a smaller bank specializing in Refi and Home Purchase loans. Lakeland Bank has a high proportion of conventional loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) Their top markets by origination volume include: New York, Philadelphia, Allentown, Scranton, and Poughkeepsie among others. We have data for 18 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Lakeland Bank has an average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Lakeland Bank is typically a low fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have about average rates.

    We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.

    Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

    Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.

    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    Home Equity Line of Credit (HELOC) 4.22% 4/21/24
    30 Year Conventional Purchase 5.62% 4/21/24
    30 Year Conventional Refi 6.19% 4/21/24
    30 Year Cash-out Refi 6.54% 4/21/24
    30 Year FHA Purchase 7.33% 4/21/24
    30 Year FHA Refi 6.27% 4/21/24
    30 Year VA Purchase 7.09% 4/21/24
    15 Year Conventional Purchase 5.97% 4/21/24
    15 Year Conventional Refi 5.72% 4/21/24
    15 Year Cash-out Refi 5.72% 4/21/24
    These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates.

    Lakeland Bank Mortgage Calculator






    Your Estimates

    Estimated Loan Payment: Update the calculator values and click calculate payment!

    This is not an official calculator from Lakeland Bank. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

    The default purchase price is the median sales price across the US for 2022Q4, per FRED.


    Originations

    1,426

    Origination Dollar Volume (All Markets)

    $456,240,000

    Employee count

    692 Show all (5) awards

    Top Markets

    Zoom/scroll map to see bank's per metro statistics. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results. This map shows top 10 markets in the map viewport, as defined by descending origination volume.

    Market Originations Total Value Average Loan Average Fees Average Rate
    New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 1,343 $387,685,000 $288,671 $2,953 3.88%
    Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 12 $47,700,000 $3,975,000 $3,653 4.25%
    ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) 31 $7,555,000 $243,710 $1,502 4.34%
    SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) 1 $5,005,000 $5,005,000 $0 4.75%
    POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA) 15 $2,095,000 $139,667 $3,224 4.27%
    OCEAN CITY, NJ (FHA|USDA|VA) 6 $1,100,000 $183,333 $4,127 3.49%
    TRENTON-PRINCETON, NJ (FHA|USDA|VA) 4 $1,050,000 $262,500 $2,893 3.65%
    DOVER, DE (FHA|USDA|VA) 1 $1,005,000 $1,005,000 $0 4.03%
    Outside of Metro Areas 1 $715,000 $715,000 $0 5.25%
    ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) 3 $695,000 $231,667 $1,026 3.73%
    PITTSFIELD, MA (FHA|USDA|VA) 1 $305,000 $305,000 $0 5.75%
    ALBANY-SCHENECTADY-TROY, NY (FHA|USDA|VA) 1 $265,000 $265,000 $3,564 3.75%
    PUNTA GORDA, FL (FHA|USDA|VA) 1 $245,000 $245,000 $3,438 3.50%
    CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 1 $245,000 $245,000 $3,584 3.50%
    ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 1 $175,000 $175,000 $4,030 3.88%
    TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 1 $165,000 $165,000 $3,124 3.88%
    North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 1 $125,000 $125,000 $0 4.19%
    EAST STROUDSBURG, PA (FHA|USDA|VA) 2 $110,000 $55,000 $0 3.99%
    Lakeland Bank's top markets include New York, Philadelphia, Allentown, Scranton, and Poughkeepsie among others.

    Their top states include:
  • New Jersey (FHA|USDA|VA)
  • Pennsylvania (FHA|USDA|VA)
  • New York (FHA|USDA|VA)
  • Delaware (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)

    • Similar Lenders

    We use machine learning to identify the top lenders compared against Lakeland Bank based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    N C P D Federal Credit Union
    Similarity Rank: 56
    Schuyler Savings Bank
    Similarity Rank: 104
    Union County Savings Bank
    Similarity Rank: 150
    GARDEN SAVINGS FEDERAL CREDIT UNION
    Similarity Rank: 192
    Blue Foundry Bank
    Similarity Rank: 212
    Bogota Savings Bank
    Similarity Rank: 246
    MOUNTAIN MORTGAGE CORP.
    Similarity Rank: 266
    PENNSYLVANIA STATE EMPLOYEES Credit Union
    Similarity Rank: 266
    Penn Community Bank
    Similarity Rank: 276
    ESSA Bank & Trust
    Similarity Rank: 280

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    HELOC 808 $114,240,000 $141,386 n/a 3.55%
    Conventional 596 $335,210,000 $562,433 $2,591 4.36%
    FHA 21 $6,515,000 $310,238 $9,670 3.78%
    VA 1 $275,000 $275,000 $6,439 3.38%

    For 2019, Lakeland Bank's most frequently originated type of loan was HELOC, with 808 originations. Their 2nd most popular type was Conventional, with 596 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 516 $168,200,000 $325,969 $1,831 3.76%
    Home Improvement 382 $70,790,000 $185,314 $79 3.88%
    Home Purchase 308 $181,720,000 $590,000 $4,685 4.19%
    Other 148 $14,920,000 $100,811 $112 3.69%
    Cash Out Refi 72 $20,610,000 $286,250 $3,734 4.05%

    For 2019, Lakeland Bank's most frequently cited loan purpose was Refi, with 516 originations. The 2nd most popular reason was Home Improvement, with 382 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 700 $138,700,000 $198,143 $4,395 3.69%
    Other 405 $166,355,000 $410,753 $163 3.80%
    10 Year 110 $98,030,000 $891,182 $177 4.61%
    15 Year 80 $22,910,000 $286,375 $1,830 4.08%
    20 Year 40 $11,110,000 $277,750 $610 4.67%
    30+ year 36 $3,540,000 $98,333 $0 3.49%
    5 Year 30 $1,370,000 $45,667 $0 4.36%
    1 Year 22 $12,750,000 $579,545 $0 6.35%
    3 Year 3 $1,475,000 $491,667 $0 4.76%

    For 2019, Lakeland Bank's most frequently cited loan duration was 30 Year, with 700 originations. The 2nd most popular length was Other, with 405 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 366 $81,650,000 $223,087
    $1k-2k 55 $14,975,000 $272,273
    $2k-3k 14 $5,480,000 $391,429
    $3k-4k 7 $3,545,000 $506,429
    $4k-5k 6 $2,240,000 $373,333
    $5k+ 5 $3,105,000 $621,000

    Lakeland Bank's average total fees were $4,395, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 366 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 1,050 $240,630,000 $229,171
    4-5% 277 $119,475,000 $431,318
    5-6% 58 $73,460,000 $1,266,552
    6-7% 29 $20,815,000 $717,759
    7-8% 7 $1,395,000 $199,286
    2.5-3% 5 $465,000 $93,000

    During 2019, Lakeland Bank's average interest rate for loans was 3.69%, while their most frequently originated rate bucket for loans was 3-4%, with 1,050 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 472 $24,400,000 $51,695 $388 3.81%
    $100k-200k 416 $58,120,000 $139,712 $2,336 3.77%
    $200k-400k 324 $88,340,000 $272,654 $3,857 3.87%
    $400k-600k 112 $54,080,000 $482,857 $5,647 4.06%
    $600k-1MM 54 $39,570,000 $732,778 $5,432 4.58%
    $1MM+ 48 $191,730,000 $3,994,375 $7,175 4.73%

    2019 saw Lakeland Bank place emphasis on $100,000 or less loans with 472 originations, totaling $24,400,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 330 $51,030,000 $154,636 $2,777 3.77%
    $150k-250k 325 $65,295,000 $200,908 $3,128 3.70%
    $250k+ 202 $64,640,000 $320,000 $4,367 3.68%
    $50k-75k 174 $19,880,000 $114,253 $2,855 3.76%
    $75k-100k 140 $18,990,000 $135,643 $2,548 3.82%
    $50k or less 64 $3,800,000 $59,375 $2,120 3.75%

    Lakeland Bank lent most frequently to those with incomes in the $100k-150k range, with 330 originations. The second most popular income band? $150k-250k, with 325 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 299 $48,695,000 $162,860 $2,476 3.73%
    30-36% 224 $42,000,000 $187,500 $2,868 3.76%
    44% 173 $29,405,000 $169,971 $4,102 3.56%
    <20% 93 $15,945,000 $171,452 $2,381 3.66%
    42% 67 $13,655,000 $203,806 $2,375 3.82%
    43% 63 $10,095,000 $160,238 $2,470 3.78%
    39% 53 $10,675,000 $201,415 $2,278 3.91%
    38% 50 $8,940,000 $178,800 $2,813 3.75%
    41% 48 $9,190,000 $191,458 $2,479 3.81%
    36% 48 $7,180,000 $149,583 $2,444 3.73%
    37% 44 $10,940,000 $248,636 $3,218 3.79%
    40% 42 $6,390,000 $152,143 $2,359 3.76%
    45% 33 $5,445,000 $165,000 $4,499 3.64%
    48% 11 $2,895,000 $263,182 $3,903 3.83%
    46% 8 $2,190,000 $273,750 $3,818 4.03%
    50-60% 8 $2,250,000 $281,250 $9,946 3.56%
    49% 6 $1,970,000 $328,333 $6,878 3.73%
    47% 4 $640,000 $160,000 $3,606 3.69%
    >60% 1 $115,000 $115,000 $0 4.63%

    Lakeland Bank lent most frequently to those with DTI ratios of 20-30%, with 299 originations. The next most common DTI ratio? 30-36%, with 224 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 138 $224,420,000 $1,626,232 $0 5.24%
    White 1,128 $200,040,000 $177,340 $2,941 3.76%
    Not provided 98 $19,050,000 $194,388 $2,163 3.68%
    Asian 36 $8,350,000 $231,944 $3,198 3.68%
    Black 13 $1,845,000 $141,923 $4,297 3.71%
    Other Asian 4 $1,370,000 $342,500 $0 3.49%
    Asian Indian 6 $830,000 $138,333 $0 3.91%
    Chinese 1 $135,000 $135,000 $0 3.49%
    Filipino 1 $105,000 $105,000 $0 3.49%
    American Indian 1 $95,000 $95,000 $0 2.99%

    Approval Rates

    Total approvals of all applications
    72.01%

    Lakeland Bank has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    86.54%

    Lakeland Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 1,426 $456,240,000 $319,944

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Manufactured 1 $7,205,000 $7,205,000
    Multifamily:Site-Built 67 $177,695,000 $2,652,164
    Single Family (1-4 Units):Site-Built 1,358 $271,340,000 $199,809

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 356 $56,210,000 $157,893 $1,002 3.74%
    40-60% 217 $126,495,000 $582,926 $2,708 3.89%
    60-80% 308 $202,900,000 $658,766 $3,824 4.15%
    80-100% 115 $34,865,000 $303,174 $5,239 3.82%
    Under 20% 415 $32,825,000 $79,096 $131 3.80%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Lakeland Bank 1 East Passaic Street Rochelle Park, NJ 7662 Full Service B&M $157,333
    Lakeland Bank 1 Woodland Commons Pompton Plains, NJ 7444 Full Service B&M $15,955
    Lakeland Bank 103 Ringwood Avenue Wanaque, NJ 7465 Full Service B&M $86,990
    Lakeland Bank 104 Route 37 East Toms River, NJ 8753 Full Service B&M $85,744
    Lakeland Bank 106 East Main Street Mendham, NJ 7945 Full Service B&M $65,338
    Lakeland Bank 11 Ackerman Avenue, Botany Plaza Shopping Center Clifton, NJ 7011 Full Service B&M $1,428
    Lakeland Bank 11 Hampton House Road Newton, NJ 7860 Full Service B&M $201,107
    Lakeland Bank 1410 Route 23 North Butler, NJ 7405 Full Service B&M $103,525
    Lakeland Bank 143 Route 183 Stanhope, NJ 7874 Full Service B&M $62,110
    Lakeland Bank 151 South Street Morristown, NJ 7960 Full Service B&M $107,702
    Lakeland Bank 1527 Union Valley Road West Milford, NJ 7480 Full Service B&M $142,181
    Lakeland Bank 155 Morristown Road Bernardsville, NJ 7924 Full Service B&M $113,976
    Lakeland Bank 165 Kinderkamack Road Park Ridge, NJ 7656 Full Service B&M $64,782
    Lakeland Bank 166 Changebridge Road Montville, NJ 7045 Full Service B&M $223,317
    Lakeland Bank 21 Jefferson Avenue Westwood, NJ 7675 Full Service B&M $99,947
    Lakeland Bank 2120 West County Line Road Jackson, NJ 8527 Full Service B&M $141,605
    Lakeland Bank 231 Black Oak Ridge Road Wayne, NJ 7470 Full Service B&M $149,874
    Lakeland Bank 25 Main Street Hackensack, NJ 7601 Full Service B&M $134,157
    Lakeland Bank 25 Route 23 Franklin, NJ 7416 Full Service B&M $76,326
    Lakeland Bank 265 Main Street Madison, NJ 7940 Full Service B&M $63,423
    Lakeland Bank 2717 Route 23 South Newfoundland, NJ 7435 Full Service B&M $206,762
    Lakeland Bank 28 Main Street Bloomingdale, NJ 7403 Full Service B&M $84,593
    Lakeland Bank 3 Broad Street Branchville, NJ 7826 Full Service B&M $142,779
    Lakeland Bank 321 W Main Street Boonton, NJ 7005 Full Service B&M $88,120
    Lakeland Bank 325 Garden Street Carlstadt, NJ 7072 Full Service B&M $35,876
    Lakeland Bank 350 North Main Street, Wharton Mall Wharton, NJ 7885 Full Service B&M $50,824
    Lakeland Bank 356 Franklin Avenue Nutley, NJ 7110 Full Service B&M $62,778
    Lakeland Bank 37 Route 15 Lafayette, NJ 7848 Full Service B&M $49,048
    Lakeland Bank 395 Route 94 North Fredon Township, NJ 7860 Full Service B&M $52,024
    Lakeland Bank 417 Cedar Lane Teaneck, NJ 7666 Full Service B&M $89,683
    Lakeland Bank 42 N. Dean Street Englewood, NJ 7631 Full Service B&M $39,978
    Lakeland Bank 45 Skyline Drive Ringwood, NJ 7456 Full Service B&M $55,796
    Lakeland Bank 455 Route 23 North Wantage, NJ 7461 Full Service B&M $86,084
    Lakeland Bank 49-53 Bloomfield Avenue Caldwell, NJ 7006 Full Service B&M $62,074
    Lakeland Bank 500 River Avenue Lakewood, NJ 8701 Full Service B&M $122,454
    Lakeland Bank 510 Morris Avenue Summit, NJ 7901 Full Service B&M $43,246
    Lakeland Bank 529 Route 515 Vernon, NJ 7462 Full Service B&M $126,969
    Lakeland Bank 55 Broadway Denville, NJ 7834 Full Service Retail $68,444
    Lakeland Bank 556 Route 32 Highland Mills, NY 10930 Full Service B&M $79,897
    Lakeland Bank 5729 Berkshire Valley Road Oak Ridge, NJ 7438 Full Service B&M $120,815
    Lakeland Bank 6 Carey Avenue Butler, NJ 7405 Full Service B&M $50,981
    Lakeland Bank 615 Us 206 Newton, NJ 7860 Full Service B&M $49,007
    Lakeland Bank 64 Crescent Avenue Waldwick, NJ 7463 Full Service B&M $73,698
    Lakeland Bank 650 Union Boulevard Totowa, NJ 7512 Full Service B&M $161,940
    Lakeland Bank 652 Wyckoff Avenue Wyckoff, NJ 7481 Full Service B&M $172,898
    Lakeland Bank 7 Town Center Drive Sparta, NJ 7871 Full Service B&M $221,223
    Lakeland Bank 86-88 Main Street Little Falls, NJ 7424 Full Service B&M $328,884
    Lakeland Bank 892 Belmont Ave North Haledon, NJ 7508 Full Service B&M $27,860
    Lakeland Bank 9 Polifly Road Hackensack, NJ 7601 Full Service B&M $42,143
    Lakeland Bank 901 Route 23 South Pompton Plains, NJ 7444 Full Service B&M $50,968
    Lakeland Bank 902 Main Street Stillwater Township, NJ 7875 Full Service B&M $44,365
    Lakeland Bank 995 Bloomfield Avenue West Caldwell, NJ 7006 Full Service B&M $69,128
    Lakeland Bank One Cedar Crest Village Drive Pompton Plains, NJ 7444 Full Service B&M $46,241
    Lakeland Bank Www.Lakelandbank.Com Oak Ridge, NJ 7438 Full Service Cyber Office $4,362

    For 2019, Lakeland Bank had 54 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $256,335
    Net interest income $201,865
    Total noninterest income $26,241
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $5,486
    Trading account gains and fees $0
    Additional Noninterest Income $20,755
    Pre-tax net operating income $99,683
    Securities gains (or losses, -) $299
    Income before extraordinary items $75,065
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $75,065
    Minority interest net income $0
    Net income $75,065
    Sale, conversion, retirement of capital stock, net $2,545
    Net operating income $74,828

    Lakeland Bank's gross interest income from loans was $256,335,000.
    Lakeland Bank's net interest income from loans was $201,865,000.
    Lakeland Bank's fee based income from loans was $5,486,000.
    Lakeland Bank's net income from loans was $75,065,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $54,470
    Provision for credit losses $2,130
    Total noninterest expense $126,293
    Salaries and employee benefits $77,287
    Premises and equipment expense $19,711
    Additional noninterest expense $29,295
    Applicable income taxes $24,917
    Net charge-offs $-185
    Cash dividends $36,905

    Lakeland Bank's interest expense for loans was $54,470,000.
    Lakeland Bank's payroll and benefits expense were $77,287,000.
    Lakeland Bank's property, plant and equipment expenses $19,711,000.

    Loan Performance

    Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
    All loans 0.0%
    Real Estate loans 0.0%
    Construction & Land Development loans 0.0%
    Nonfarm, nonresidential loans 0.0%
    Multifamily residential loans 0.0%
    1-4 family residential loans 0.0%
    HELOC loans 0.0%
    All other family 0.0%
    Commercial & industrial loans 0.0%
    Personal loans 0.0%
    Credit card loans 0.0%
    Other individual loans 0.0%
    Auto loans 0.0%
    Other consumer loans 0.0%
    Unsecured commercial real estate loans 0.0%

    Deposits

    Type Value (in 000's)
    Total deposits $5,324,352
    Deposits held in domestic offices $5,324,352
    Deposits by Individuals, partnerships, and corporations $3,984,159
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $1,334,289
    Deposits by Commercial banks and other depository institutions in U.S. $5,904
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $273,155
    Demand deposits $273,155
    Nontransaction accounts $5,051,197
    Money market deposit accounts (MMDAs) $3,682,193
    Other savings deposits (excluding MMDAs) $498,201
    Total time deposits $870,803
    Total time and savings deposits $5,051,197
    Noninterest-bearing deposits $1,167,354
    Interest-bearing deposits $4,156,998
    Retail deposits $5,041,870
    IRAs and Keogh plan accounts $100,108
    Brokered deposits $63,823
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $6,706,430
    Cash & Balances due from depository institutions $282,071
    Interest-bearing balances $226,531
    Total securities $893,613
    Federal funds sold & reverse repurchase $0
    Net loans and leases $5,099,563
    Loan and leases loss allowance $40,003
    Trading account assets $0
    Bank premises and fixed assets $65,890
    Other real estate owned $563
    Goodwill and other intangibles $160,420
    All other assets $204,310

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $6,706,430
    Total Liabilities $5,905,589
    Total deposits $5,324,352
    Interest-bearing deposits $4,156,998
    Deposits held in domestic offices $5,324,352
    % insured (estimated) $55
    Federal funds purchased and repurchase agreements $128,658
    Trading liabilities $0
    Other borrowed funds $365,815
    Subordinated debt $0
    All other liabilities $86,764

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $5,099,563
    Loan and leases loss allowance $40,003
    Total loans and leases (domestic) $5,139,566
    All real estate loans $4,584,698
    Real estate loans in domestic offices $4,584,698
    Construction and development loans $334,030
    Residential 1-4 family construction $88,838
    Other construction, all land development and other land $245,192
    Loans secured by nonfarm nonresidential properties $2,780,201
    Nonfarm nonresidential secured by owner-occupied properties $753,838
    Commercial real estate & other non-farm, non-residential $2,026,363
    Multifamily residential real estate $578,209
    1-4 family residential loans $887,033
    Farmland loans $5,225
    Loans held in foreign offices $0
    Farm loans $0
    Commercial and industrial loans $415,647
    To non-U.S. addressees $0
    Loans to individuals $9,893
    Credit card loans $0
    Related Plans $758
    Consumer Auto Loans $3,408
    Other loans to individuals $5,727
    All other loans & leases $129,328
    Loans to foreign governments and official institutions $0
    Other loans $16,433
    Loans to depository institutions and acceptances of other banks $0
    Loans not secured by real estate $0
    Loans secured by real estate to non-U.S. addressees $0
    Restructured Loans & leases $5,187
    Non 1-4 family restructured loans & leases $4,508
    Total loans and leases (foreign) $0

    Lakeland Bank had $5,099,563,000 of loans outstanding in 2019. $4,584,698,000 of loans were in real estate loans. $334,030,000 of loans were in development loans. $578,209,000 of loans were in multifamily mortgage loans. $887,033,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $0 of loans were in credit card loans. $3,408,000 of loans were in the auto loan category.

    Small Business Loans

    Categorization # of Loans in Category $ amount of loans (in 000's) Average $/loan
    Nonfarm, nonresidential loans - <$1MM 1,570 $503,806 $320,896
    Nonfarm, nonresidential loans - <$100k 188 $8,992 $47,830
    Nonfarm, nonresidential loans - $100-250k 354 $47,716 $134,791
    Nonfarm, nonresidential loans - $250k-1MM 1,028 $447,098 $434,920
    Commercial & Industrial, US addressed loans - <$1MM 1,105 $112,617 $101,916
    Commercial & Industrial, US addressed loans - <$100k 651 $20,610 $31,659
    Commercial & Industrial, US addressed loans - $100-250k 247 $27,824 $112,648
    Commercial & Industrial, US addressed loans - $250k-1MM 207 $64,183 $310,063
    Farmland loans - <$1MM 7 $1,350 $192,857
    Farmland loans - $100-250k 5 $673 $134,600
    Farmland loans - $250k-1MM 2 $677 $338,500