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, Poughkeepsie, Trenton, Philadelphia, and Allentown among others. We have data for 21 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% 4/18/24
    30 Year Conventional Purchase 5.62% 4/18/24
    30 Year Conventional Refi 6.19% 4/18/24
    30 Year Cash-out Refi 6.54% 4/18/24
    30 Year FHA Purchase 7.33% 4/18/24
    30 Year FHA Refi 6.27% 4/18/24
    30 Year VA Purchase 7.09% 4/18/24
    15 Year Conventional Purchase 5.97% 4/18/24
    15 Year Conventional Refi 5.72% 4/18/24
    15 Year Cash-out Refi 5.72% 4/18/24
    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

    1,533

    Origination Dollar Volume (All Markets)

    $688,205,000

    Employee count

    695

    Awards

    Lakeland Bank 30 Year Conventional Loans silver Lakeland Bank 30 Year Conventional Loans bronze Lakeland Bank 30 Year Conventional Loans silver
    Show all (3) 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) 1,414 $592,650,000 $419,130 $3,042 3.19%
    POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA) 23 $32,835,000 $1,427,609 $2,527 3.59%
    TRENTON-PRINCETON, NJ (FHA|USDA|VA) 7 $18,415,000 $2,630,714 $3,127 3.41%
    Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 21 $13,525,000 $644,048 $4,047 3.43%
    ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) 39 $9,705,000 $248,846 $2,318 3.33%
    EAST STROUDSBURG, PA (FHA|USDA|VA) 2 $5,080,000 $2,540,000 $0 3.25%
    OCEAN CITY, NJ (FHA|USDA|VA) 7 $4,505,000 $643,571 $6,051 2.89%
    PORT ST. LUCIE, FL (FHA|USDA|VA) 2 $1,960,000 $980,000 $8,425 3.25%
    ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) 2 $1,810,000 $905,000 $6,200 3.50%
    North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 1 $1,505,000 $1,505,000 $0 3.75%
    VINELAND-BRIDGETON, NJ (FHA|USDA|VA) 1 $1,205,000 $1,205,000 $0 3.75%
    SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) 3 $1,045,000 $348,333 $3,673 3.33%
    KINGSTON, NY (FHA|USDA|VA) 1 $805,000 $805,000 $0 3.50%
    Sebastian-Vero Beach, FL (FHA|USDA|VA) 2 $650,000 $325,000 $2,836 3.94%
    BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) 1 $515,000 $515,000 $2,767 2.88%
    Outside of Metro Areas 2 $510,000 $255,000 $3,963 3.13%
    ROCHESTER, NY (FHA|USDA|VA) 1 $485,000 $485,000 $5,584 2.75%
    Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 1 $315,000 $315,000 $3,320 2.88%
    ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 1 $245,000 $245,000 $2,297 3.00%
    CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 1 $235,000 $235,000 $2,134 2.63%
    THE VILLAGES, FL (FHA|USDA|VA) 1 $205,000 $205,000 $2,801 3.63%
    Lakeland Bank's top markets include New York, Poughkeepsie, Trenton, Philadelphia, and Allentown among others.

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

    The First National Bank of Long Island
    Similarity Rank: 134
    North Jersey Federal Credit Union
    Similarity Rank: 247
    Princeton Federal Credit Union
    Similarity Rank: 450
    N C P D Federal Credit Union
    Similarity Rank: 482
    MOUNTAIN MORTGAGE CORP.
    Similarity Rank: 538
    ATLANTIS MORTGAGE CO., INC.
    Similarity Rank: 668
    TEG Federal Credit Union
    Similarity Rank: 715
    Hanover Community Bank
    Similarity Rank: 727
    Roselle Bank
    Similarity Rank: 796
    Penn Community Bank
    Similarity Rank: 884

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 999 $598,705,000 $599,304 $3,037 3.28%
    HELOC 529 $88,185,000 $166,701 n/a 3.06%
    FHA 3 $725,000 $241,667 $8,144 3.08%
    VA 2 $590,000 $295,000 $14,131 2.44%

    For 2020, Lakeland Bank's most frequently originated type of loan was Conventional, with 999 originations. Their 2nd most popular type was HELOC, with 529 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 725 $318,985,000 $439,979 $2,790 3.15%
    Home Improvement 297 $47,675,000 $160,522 $57 3.28%
    Home Purchase 274 $264,200,000 $964,234 $4,932 3.32%
    Cash Out Refi 143 $45,205,000 $316,119 $3,492 3.05%
    Other 94 $12,140,000 $129,149 $555 3.22%

    For 2020, Lakeland Bank's most frequently cited loan purpose was Refi, with 725 originations. The 2nd most popular reason was Home Improvement, with 297 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 770 $219,130,000 $284,584 $3,999 3.05%
    Other 289 $140,135,000 $484,896 $641 3.25%
    15 Year 208 $54,300,000 $261,058 $2,451 3.00%
    10 Year 152 $233,930,000 $1,539,013 $489 3.75%
    20 Year 77 $19,865,000 $257,987 $2,021 3.48%
    5 Year 22 $12,240,000 $556,364 $0 3.91%
    1 Year 15 $8,605,000 $573,667 $0 5.07%

    For 2020, Lakeland Bank's most frequently cited loan duration was 30 Year, with 770 originations. The 2nd most popular length was Other, with 289 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 596 $165,920,000 $278,389
    $1k-2k 165 $52,215,000 $316,455
    $2k-3k 27 $11,905,000 $440,926
    $3k-4k 10 $5,170,000 $517,000
    $5k+ 10 $8,510,000 $851,000
    $4k-5k 4 $2,950,000 $737,500

    Lakeland Bank's average total fees were $3,999, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 596 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    2.5-3% 849 $241,595,000 $284,564
    3-4% 491 $338,975,000 $690,377
    <2.5% 96 $26,430,000 $275,313
    4-5% 80 $71,900,000 $898,750
    5-6% 15 $9,085,000 $605,667
    6-7% 2 $220,000 $110,000

    During 2020, Lakeland Bank's average interest rate for loans was 3.05%, while their most frequently originated rate bucket for loans was 2.5-3%, with 849 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 475 $134,995,000 $284,200 $3,380 3.03%
    $100k-200k 348 $49,640,000 $142,644 $2,332 3.16%
    $100,000 or less 344 $18,460,000 $53,663 $244 3.33%
    $400k-600k 183 $85,775,000 $468,716 $4,094 3.14%
    $600k-1MM 93 $73,995,000 $795,645 $6,409 3.58%
    $1MM+ 90 $325,340,000 $3,614,889 $7,301 3.51%

    2020 saw Lakeland Bank place emphasis on $200k-400k loans with 475 originations, totaling $134,995,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 367 $98,205,000 $267,589 $3,230 3.07%
    $100k-150k 296 $59,410,000 $200,709 $2,834 3.10%
    $250k+ 249 $113,635,000 $456,365 $4,497 3.10%
    $75k-100k 217 $35,745,000 $164,724 $2,578 3.14%
    $50k-75k 131 $17,195,000 $131,260 $2,436 3.12%
    $50k or less 50 $4,330,000 $86,600 $1,936 3.25%

    Lakeland Bank lent most frequently to those with incomes in the $150k-250k range, with 367 originations. The second most popular income band? $100k-150k, with 296 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 368 $93,420,000 $253,859 $2,996 3.09%
    30-36% 257 $62,335,000 $242,549 $2,922 3.10%
    <20% 143 $37,235,000 $260,385 $3,094 3.06%
    44% 104 $21,260,000 $204,423 $3,119 3.07%
    41% 63 $12,385,000 $196,587 $2,121 3.23%
    42% 62 $13,240,000 $213,548 $2,864 3.32%
    43% 57 $16,075,000 $282,018 $3,139 3.11%
    40% 51 $12,775,000 $250,490 $3,932 3.09%
    37% 46 $10,990,000 $238,913 $3,081 3.06%
    38% 45 $12,055,000 $267,889 $3,288 3.15%
    39% 39 $11,215,000 $287,564 $3,094 3.10%
    36% 39 $11,915,000 $305,513 $3,448 3.09%
    45% 31 $6,265,000 $202,097 $3,928 3.03%
    46% 16 $4,930,000 $308,125 $3,725 2.96%
    48% 16 $4,180,000 $261,250 $3,214 2.84%
    47% 10 $3,350,000 $335,000 $4,407 2.86%
    49% 7 $2,015,000 $287,857 $3,894 3.14%
    >60% 2 $420,000 $210,000 $3,843 3.94%
    50-60% 1 $335,000 $335,000 $2,919 4.50%

    Lakeland Bank lent most frequently to those with DTI ratios of 20-30%, with 368 originations. The next most common DTI ratio? 30-36%, with 257 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 166 $349,290,000 $2,104,157 $0 3.95%
    White 1,151 $280,445,000 $243,653 $3,017 3.12%
    Not provided 167 $41,925,000 $251,048 $3,244 3.05%
    Asian 27 $11,235,000 $416,111 $3,999 3.10%
    Black 14 $3,350,000 $239,286 $3,658 3.21%
    Other Asian 2 $790,000 $395,000 $3,600 3.00%
    Other Pacific Islander 2 $730,000 $365,000 $3,836 3.06%
    American Indian 2 $340,000 $170,000 $3,979 2.87%
    Asian Indian 1 $55,000 $55,000 $0 3.94%
    Native Hawaiian or Islander 1 $45,000 $45,000 $0 2.99%

    Approval Rates

    Total approvals of all applications
    80.00%

    Lakeland Bank has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    79.06%

    Lakeland Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 1,533 $688,205,000 $448,927

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Manufactured 4 $11,320,000 $2,830,000
    Multifamily:Site-Built 98 $301,150,000 $3,072,959
    Single Family (1-4 Units):Site-Built 1,431 $375,735,000 $262,568

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 302 $69,680,000 $230,728 $1,926 3.20%
    40-60% 308 $161,230,000 $523,474 $2,971 3.08%
    60-80% 516 $394,200,000 $763,953 $3,720 3.24%
    80-100% 111 $40,075,000 $361,036 $4,439 3.03%
    Over 100% 2 $480,000 $240,000 $16,515 3.38%
    Under 20% 291 $21,865,000 $75,137 $176 3.29%

    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 $180,396
    Lakeland Bank 1 Woodland Commons Pompton Plains, NJ 7444 Full Service B&M $15,721
    Lakeland Bank 103 Ringwood Avenue Wanaque, NJ 7465 Full Service B&M $99,273
    Lakeland Bank 104 Route 37 East Toms River, NJ 8753 Full Service B&M $95,880
    Lakeland Bank 106 East Main Street Mendham, NJ 7945 Full Service B&M $85,864
    Lakeland Bank 11 Ackerman Avenue, Botany Plaza Shopping Center Clifton, NJ 7011 Full Service B&M $5,221
    Lakeland Bank 11 Hampton House Road Newton, NJ 7860 Full Service B&M $239,457
    Lakeland Bank 1410 Route 23 North Butler, NJ 7405 Full Service B&M $128,158
    Lakeland Bank 143 Route 183 Stanhope, NJ 7874 Full Service B&M $68,120
    Lakeland Bank 151 South Street Morristown, NJ 7960 Full Service B&M $113,226
    Lakeland Bank 1527 Union Valley Road West Milford, NJ 7480 Full Service B&M $157,792
    Lakeland Bank 155 Morristown Road Bernardsville, NJ 7924 Full Service B&M $133,365
    Lakeland Bank 165 Kinderkamack Road Park Ridge, NJ 7656 Full Service B&M $78,145
    Lakeland Bank 166 Changebridge Road Montville, NJ 7045 Full Service B&M $238,867
    Lakeland Bank 21 Jefferson Avenue Westwood, NJ 7675 Full Service B&M $113,054
    Lakeland Bank 2120 West County Line Road Jackson, NJ 8527 Full Service B&M $183,043
    Lakeland Bank 231 Black Oak Ridge Road Wayne, NJ 7470 Full Service B&M $159,211
    Lakeland Bank 25 Main Street Hackensack, NJ 7601 Full Service B&M $93,948
    Lakeland Bank 25 Route 23 Franklin, NJ 7416 Full Service B&M $87,494
    Lakeland Bank 265 Main Street Madison, NJ 7940 Full Service B&M $71,072
    Lakeland Bank 2717 Route 23 South Newfoundland, NJ 7435 Full Service B&M $458,412
    Lakeland Bank 28 Main Street Bloomingdale, NJ 7403 Full Service B&M $97,299
    Lakeland Bank 3 Broad Street Branchville, NJ 7826 Full Service B&M $156,575
    Lakeland Bank 321 W Main Street Boonton, NJ 7005 Full Service B&M $104,808
    Lakeland Bank 325 Garden Street Carlstadt, NJ 7072 Full Service B&M $44,826
    Lakeland Bank 350 North Main Street, Wharton Mall Wharton, NJ 7885 Full Service B&M $61,964
    Lakeland Bank 356 Franklin Avenue Nutley, NJ 7110 Full Service B&M $72,100
    Lakeland Bank 37 Route 15 Lafayette, NJ 7848 Full Service B&M $53,599
    Lakeland Bank 395 Route 94 North Fredon Township, NJ 7860 Full Service B&M $107,326
    Lakeland Bank 417 Cedar Lane Teaneck, NJ 7666 Full Service B&M $124,761
    Lakeland Bank 42 N. Dean Street Englewood, NJ 7631 Full Service B&M $40,054
    Lakeland Bank 45 Skyline Drive Ringwood, NJ 7456 Full Service B&M $60,647
    Lakeland Bank 455 Route 23 North Wantage, NJ 7461 Full Service B&M $109,799
    Lakeland Bank 49-53 Bloomfield Avenue Caldwell, NJ 7006 Full Service B&M $82,860
    Lakeland Bank 500 River Avenue Lakewood, NJ 8701 Full Service B&M $145,641
    Lakeland Bank 510 Morris Avenue Summit, NJ 7901 Full Service B&M $49,201
    Lakeland Bank 529 Route 515 Vernon, NJ 7462 Full Service B&M $133,500
    Lakeland Bank 55 Broadway Denville, NJ 7834 Full Service Retail $67,336
    Lakeland Bank 556 Route 32 Highland Mills, NY 10930 Full Service B&M $154,456
    Lakeland Bank 5729 Berkshire Valley Road Oak Ridge, NJ 7438 Full Service B&M $132,519
    Lakeland Bank 6 Carey Avenue Butler, NJ 7405 Full Service B&M $60,829
    Lakeland Bank 615 Us 206 Newton, NJ 7860 Full Service B&M $72,388
    Lakeland Bank 64 Crescent Avenue Waldwick, NJ 7463 Full Service B&M $90,953
    Lakeland Bank 650 Union Boulevard Totowa, NJ 7512 Full Service B&M $182,384
    Lakeland Bank 652 Wyckoff Avenue Wyckoff, NJ 7481 Full Service B&M $219,637
    Lakeland Bank 7 Town Center Drive Sparta, NJ 7871 Full Service B&M $226,799
    Lakeland Bank 86-88 Main Street Little Falls, NJ 7424 Full Service B&M $436,510
    Lakeland Bank 9 Polifly Road Hackensack, NJ 7601 Full Service B&M $70,684
    Lakeland Bank 901 Route 23 South Pompton Plains, NJ 7444 Full Service B&M $57,776
    Lakeland Bank 995 Bloomfield Avenue West Caldwell, NJ 7006 Full Service B&M $75,398
    Lakeland Bank One Cedar Crest Village Drive Pompton Plains, NJ 7444 Full Service B&M $48,667
    Lakeland Bank Www.Lakelandbank.Com Oak Ridge, NJ 7438 Full Service Cyber Office $5,812

    For 2020, Lakeland Bank had 52 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $248,734
    Net interest income $213,545
    Total noninterest income $26,408
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $3,718
    Trading account gains and fees $0
    Additional Noninterest Income $22,690
    Pre-tax net operating income $80,483
    Securities gains (or losses, -) $1,298
    Income before extraordinary items $62,877
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $62,877
    Minority interest net income $0
    Net income $62,877
    Sale, conversion, retirement of capital stock, net $2,658
    Net operating income $61,851

    Lakeland Bank's gross interest income from loans was $248,734,000.
    Lakeland Bank's net interest income from loans was $213,545,000.
    Lakeland Bank's fee based income from loans was $3,718,000.
    Lakeland Bank's net income from loans was $62,877,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $35,189
    Provision for credit losses $25,961
    Total noninterest expense $133,509
    Salaries and employee benefits $80,400
    Premises and equipment expense $21,870
    Additional noninterest expense $31,239
    Applicable income taxes $18,904
    Net charge-offs $1,512
    Cash dividends $29,961

    Lakeland Bank's interest expense for loans was $35,189,000.
    Lakeland Bank's payroll and benefits expense were $80,400,000.
    Lakeland Bank's property, plant and equipment expenses $21,870,000.

    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 $6,484,982
    Deposits held in domestic offices $6,484,982
    Deposits by Individuals, partnerships, and corporations $5,053,180
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $1,427,658
    Deposits by Commercial banks and other depository institutions in U.S. $4,144
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $562,740
    Demand deposits $562,740
    Nontransaction accounts $5,922,242
    Money market deposit accounts (MMDAs) $4,259,625
    Other savings deposits (excluding MMDAs) $584,361
    Total time deposits $1,078,256
    Total time and savings deposits $5,922,242
    Noninterest-bearing deposits $1,553,138
    Interest-bearing deposits $4,931,844
    Retail deposits $6,065,119
    IRAs and Keogh plan accounts $102,718
    Brokered deposits $236,663
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $7,662,666
    Cash & Balances due from depository institutions $269,641
    Interest-bearing balances $211,806
    Total securities $961,206
    Federal funds sold & reverse repurchase $148
    Net loans and leases $5,951,443
    Loan and leases loss allowance $71,124
    Trading account assets $0
    Bank premises and fixed assets $65,268
    Other real estate owned $0
    Goodwill and other intangibles $159,459
    All other assets $255,501

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $7,662,666
    Total Liabilities $6,820,193
    Total deposits $6,484,982
    Interest-bearing deposits $4,931,844
    Deposits held in domestic offices $6,484,982
    % insured (estimated) $54
    Federal funds purchased and repurchase agreements $69,561
    Trading liabilities $0
    Other borrowed funds $125,000
    Subordinated debt $0
    All other liabilities $140,650

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $5,951,443
    Loan and leases loss allowance $71,124
    Total loans and leases (domestic) $6,022,567
    All real estate loans $5,179,827
    Real estate loans in domestic offices $5,179,827
    Construction and development loans $267,192
    Residential 1-4 family construction $50,157
    Other construction, all land development and other land $217,035
    Loans secured by nonfarm nonresidential properties $3,219,492
    Nonfarm nonresidential secured by owner-occupied properties $845,340
    Commercial real estate & other non-farm, non-residential $2,374,152
    Multifamily residential real estate $815,076
    1-4 family residential loans $873,189
    Farmland loans $4,878
    Loans held in foreign offices $0
    Farm loans $0
    Commercial and industrial loans $709,463
    To non-U.S. addressees $0
    Loans to individuals $7,538
    Credit card loans $0
    Related Plans $605
    Consumer Auto Loans $2,882
    Other loans to individuals $4,051
    All other loans & leases $125,739
    Loans to foreign governments and official institutions $0
    Other loans $9,049
    Loans to depository institutions and acceptances of other banks $0
    Loans not secured by real estate $6,605
    Loans secured by real estate to non-U.S. addressees $0
    Restructured Loans & leases $3,856
    Non 1-4 family restructured loans & leases $3,370
    Total loans and leases (foreign) $0

    Lakeland Bank had $5,951,443,000 of loans outstanding in 2020. $5,179,827,000 of loans were in real estate loans. $267,192,000 of loans were in development loans. $815,076,000 of loans were in multifamily mortgage loans. $873,189,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $0 of loans were in credit card loans. $2,882,000 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 1,466 $479,958 $327,393
    Nonfarm, nonresidential loans - <$100k 161 $7,189 $44,652
    Nonfarm, nonresidential loans - $100-250k 318 $41,857 $131,626
    Nonfarm, nonresidential loans - $250k-1MM 987 $430,912 $436,588
    Commercial & Industrial, US addressed loans - <$1MM 2,838 $269,601 $94,997
    Commercial & Industrial, US addressed loans - <$100k 1,951 $68,425 $35,072
    Commercial & Industrial, US addressed loans - $100-250k 516 $66,764 $129,388
    Commercial & Industrial, US addressed loans - $250k-1MM 371 $134,412 $362,296
    Farmland loans - <$1MM 6 $1,117 $186,167
    Farmland loans - $100-250k 4 $470 $117,500
    Farmland loans - $250k-1MM 2 $647 $323,500