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, Philadelphia, Easton, and Allentown among others. We have data for 25 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% 12/16/24
    30 Year Conventional Purchase 5.62% 12/16/24
    30 Year Conventional Refi 6.19% 12/16/24
    30 Year Cash-out Refi 6.54% 12/16/24
    30 Year FHA Purchase 7.33% 12/16/24
    30 Year FHA Refi 6.27% 12/16/24
    30 Year VA Purchase 7.09% 12/16/24
    15 Year Conventional Purchase 5.97% 12/16/24
    15 Year Conventional Refi 5.72% 12/16/24
    15 Year Cash-out Refi 5.72% 12/16/24
    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

    1,732

    Origination Dollar Volume (All Markets)

    $792,390,000

    Employee count

    736

    Awards

    Lakeland Bank 30 Year Conventional Loans bronze Lakeland Bank 30 Year Conventional Loans silver
    Show all (2) 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) 1,605 $645,575,000 $402,227 $2,740 2.87%
    POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA) 23 $50,035,000 $2,175,435 $3,592 3.06%
    Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 25 $36,125,000 $1,445,000 $4,001 3.37%
    Easton, MD (FHA|USDA|VA) 1 $16,235,000 $16,235,000 $0 4.00%
    ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) 40 $14,450,000 $361,250 $2,685 3.10%
    Athens, TN (FHA|USDA|VA) 1 $8,005,000 $8,005,000 $0 3.00%
    VINELAND-BRIDGETON, NJ (FHA|USDA|VA) 2 $6,960,000 $3,480,000 $0 3.45%
    TRENTON-PRINCETON, NJ (FHA|USDA|VA) 14 $5,810,000 $415,000 $4,108 2.79%
    HARRISBURG-CARLISLE, PA (FHA|USDA|VA) 1 $1,725,000 $1,725,000 $0 3.50%
    CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 2 $1,500,000 $750,000 $3,908 2.88%
    SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) 1 $1,005,000 $1,005,000 $0 3.50%
    Outside of Metro Areas 2 $970,000 $485,000 $0 3.13%
    HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) 1 $675,000 $675,000 $4,685 3.63%
    ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) 2 $660,000 $330,000 $5,198 3.06%
    DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 2 $510,000 $255,000 $3,084 2.81%
    NEW HAVEN-MILFORD, CT (FHA|USDA|VA) 1 $415,000 $415,000 $4,250 2.75%
    OCEAN CITY, NJ (FHA|USDA|VA) 1 $305,000 $305,000 $0 2.50%
    TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 1 $285,000 $285,000 $3,908 3.38%
    KINGSTON, NY (FHA|USDA|VA) 1 $205,000 $205,000 $0 3.24%
    GETTYSBURG, PA (FHA|USDA|VA) 1 $195,000 $195,000 $3,588 2.75%
    YORK-HANOVER, PA (FHA|USDA|VA) 1 $185,000 $185,000 $2,744 2.75%
    LANCASTER, PA (FHA|USDA|VA) 1 $175,000 $175,000 $0 3.50%
    Oneonta, NY (FHA|USDA|VA) 1 $155,000 $155,000 $3,299 3.00%
    EAST STROUDSBURG, PA (FHA|USDA|VA) 1 $125,000 $125,000 $3,149 2.75%
    North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 1 $105,000 $105,000 $0 2.50%
    Lakeland Bank's top markets include New York, Poughkeepsie, Philadelphia, Easton, and Allentown among others.

    Their top states include:
  • New Jersey (FHA|USDA|VA)
  • New York (FHA|USDA|VA)
  • Pennsylvania (FHA|USDA|VA)
  • Maryland (FHA|USDA|VA)
  • Tennessee (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: 102
    Schuyler Savings Bank
    Similarity Rank: 352
    Penn Community Bank
    Similarity Rank: 462
    ATLANTIS MORTGAGE CO., INC.
    Similarity Rank: 652
    The First National Bank of Long Island
    Similarity Rank: 748
    ESSA Bank & Trust
    Similarity Rank: 756
    The Atlantic Federal Credit Union
    Similarity Rank: 882
    GARDEN SAVINGS FEDERAL CREDIT UNION
    Similarity Rank: 1064
    U S WIDE FINANCIAL LLC
    Similarity Rank: 1092
    Poli Mortgage Group, Inc.
    Similarity Rank: 1369

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 1,050 $670,530,000 $638,600 $2,733 3.10%
    HELOC 675 $119,705,000 $177,341 n/a 2.55%
    FHA 7 $2,155,000 $307,857 $9,942 2.75%

    For 2021, Lakeland Bank's most frequently originated type of loan was Conventional, with 1,050 originations. Their 2nd most popular type was HELOC, with 675 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 703 $276,515,000 $393,336 $2,170 2.86%
    Home Improvement 401 $102,595,000 $255,848 $58 2.79%
    Home Purchase 380 $358,550,000 $943,553 $4,879 3.10%
    Other 125 $14,625,000 $117,000 $205 2.67%
    Cash Out Refi 123 $40,105,000 $326,057 $3,592 2.93%

    For 2021, Lakeland Bank's most frequently cited loan purpose was Refi, with 703 originations. The 2nd most popular reason was Home Improvement, with 401 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 772 $226,310,000 $293,148 $4,548 2.76%
    Other 387 $297,235,000 $768,049 $163 2.74%
    15 Year 242 $52,600,000 $217,355 $1,877 2.80%
    10 Year 187 $180,115,000 $963,182 $584 3.48%
    20 Year 98 $18,060,000 $184,286 $825 3.20%
    5 Year 33 $6,865,000 $208,030 $0 3.26%
    1 Year 11 $4,875,000 $443,182 $0 4.89%
    3 Year 2 $6,330,000 $3,165,000 $0 3.45%

    For 2021, Lakeland Bank's most frequently cited loan duration was 30 Year, with 772 originations. The 2nd most popular length was Other, with 387 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 627 $150,965,000 $240,774
    $1k-2k 170 $74,680,000 $439,294
    $2k-3k 27 $10,045,000 $372,037
    $5k+ 12 $9,580,000 $798,333
    $3k-4k 6 $3,170,000 $528,333
    $4k-5k 6 $3,490,000 $581,667

    Lakeland Bank's average total fees were $4,548, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 627 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    <2.5% 771 $153,495,000 $199,086
    2.5-3% 497 $190,515,000 $383,330
    3-4% 427 $391,675,000 $917,272
    4-5% 25 $53,295,000 $2,131,800
    5-6% 12 $3,410,000 $284,167

    During 2021, Lakeland Bank's average interest rate for loans was 2.76%, while their most frequently originated rate bucket for loans was <2.5%, with 771 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 475 $132,095,000 $278,095 $3,201 2.87%
    $100k-200k 424 $59,210,000 $139,646 $1,657 2.76%
    $100,000 or less 421 $23,175,000 $55,048 $173 2.77%
    $400k-600k 191 $92,085,000 $482,120 $4,517 2.95%
    $600k-1MM 133 $104,135,000 $782,970 $6,114 3.18%
    $1MM+ 88 $381,690,000 $4,337,386 $8,513 3.52%

    2021 saw Lakeland Bank place emphasis on $200k-400k loans with 475 originations, totaling $132,095,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 408 $103,670,000 $254,093 $2,768 2.77%
    $100k-150k 356 $65,500,000 $183,989 $2,257 2.78%
    $250k+ 293 $129,815,000 $443,055 $4,733 2.75%
    $75k-100k 228 $37,970,000 $166,535 $2,197 2.80%
    $50k-75k 155 $22,105,000 $142,613 $2,435 2.73%
    $50k or less 59 $5,555,000 $94,153 $1,739 2.81%

    Lakeland Bank lent most frequently to those with incomes in the $150k-250k range, with 408 originations. The second most popular income band? $100k-150k, with 356 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 411 $96,115,000 $233,856 $2,634 2.77%
    30-36% 297 $72,585,000 $244,394 $2,828 2.77%
    <20% 140 $32,800,000 $234,286 $2,624 2.78%
    44% 127 $28,105,000 $221,299 $3,418 2.62%
    42% 86 $19,370,000 $225,233 $2,194 2.77%
    40% 68 $18,400,000 $270,588 $2,829 2.81%
    39% 67 $18,175,000 $271,269 $2,782 2.76%
    41% 66 $15,050,000 $228,030 $2,102 2.78%
    38% 66 $14,640,000 $221,818 $2,286 2.76%
    37% 65 $15,035,000 $231,308 $2,318 2.77%
    36% 44 $11,030,000 $250,682 $3,109 2.82%
    43% 36 $7,840,000 $217,778 $2,752 2.76%
    49% 21 $5,625,000 $267,857 $3,623 2.89%
    46% 15 $5,525,000 $368,333 $5,610 3.07%
    47% 13 $5,255,000 $404,231 $3,902 2.93%
    48% 11 $2,895,000 $263,182 $3,398 2.94%
    45% 9 $2,195,000 $243,889 $4,062 2.79%
    >60% 4 $1,100,000 $275,000 $3,392 3.38%
    50-60% 3 $1,045,000 $348,333 $10,491 2.75%

    Lakeland Bank lent most frequently to those with DTI ratios of 20-30%, with 411 originations. The next most common DTI ratio? 30-36%, with 297 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 177 $417,115,000 $2,356,582 $0 3.88%
    White 1,289 $305,335,000 $236,877 $2,804 2.77%
    Not provided 168 $34,780,000 $207,024 $1,552 2.76%
    Asian 61 $26,415,000 $433,033 $4,293 2.83%
    Black 21 $5,035,000 $239,762 $3,502 2.88%
    Asian Indian 5 $1,695,000 $339,000 $4,843 2.75%
    American Indian 6 $760,000 $126,667 $3,169 2.58%
    Other Asian 1 $415,000 $415,000 $0 2.50%
    Chinese 1 $395,000 $395,000 $0 2.50%
    Korean 1 $275,000 $275,000 $2,652 2.75%
    Filipino 1 $115,000 $115,000 $0 2.50%
    Other Pacific Islander 1 $55,000 $55,000 $0 2.50%

    Approval Rates

    Total approvals of all applications
    78.82%

    Lakeland Bank has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    83.72%

    Lakeland Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 1,732 $792,390,000 $457,500

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    1,732 $792,390,000 $457,500

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 375 $72,375,000 $193,000 $1,466 2.73%
    40-60% 315 $156,065,000 $495,444 $2,876 2.93%
    60-80% 458 $451,420,000 $985,633 $4,135 3.11%
    80-100% 125 $48,395,000 $387,160 $4,781 2.84%
    Under 20% 456 $63,530,000 $139,320 $68 2.76%

    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 $206,712
    Lakeland Bank 1 Woodland Commons Pompton Plains, NJ 7444 Full Service B&M $15,440
    Lakeland Bank 103 Ringwood Avenue Wanaque, NJ 7465 Full Service B&M $104,670
    Lakeland Bank 104 Route 37 East Toms River, NJ 8753 Full Service B&M $132,949
    Lakeland Bank 106 East Main Street Mendham, NJ 7945 Full Service B&M $113,563
    Lakeland Bank 11 Ackerman Avenue, Botany Plaza Shopping Center Clifton, NJ 7011 Full Service B&M $10,511
    Lakeland Bank 11 Hampton House Road Newton, NJ 7860 Full Service B&M $273,276
    Lakeland Bank 1410 Route 23 North Butler, NJ 7405 Full Service B&M $212,029
    Lakeland Bank 143 Route 183 Stanhope, NJ 7874 Full Service B&M $73,523
    Lakeland Bank 151 South Street Morristown, NJ 7960 Full Service B&M $118,931
    Lakeland Bank 1527 Union Valley Road West Milford, NJ 7480 Full Service B&M $171,854
    Lakeland Bank 155 Morristown Road Bernardsville, NJ 7924 Full Service B&M $123,607
    Lakeland Bank 165 Kinderkamack Road Park Ridge, NJ 7656 Full Service B&M $83,129
    Lakeland Bank 166 Changebridge Road Montville, NJ 7045 Full Service B&M $268,802
    Lakeland Bank 21 Jefferson Avenue Westwood, NJ 7675 Full Service B&M $126,533
    Lakeland Bank 2120 West County Line Road Jackson, NJ 8527 Full Service B&M $200,984
    Lakeland Bank 231 Black Oak Ridge Road Wayne, NJ 7470 Full Service B&M $226,779
    Lakeland Bank 25 Main Street Hackensack, NJ 7601 Full Service B&M $85,284
    Lakeland Bank 25 Route 23 Franklin, NJ 7416 Full Service B&M $99,325
    Lakeland Bank 265 Main Street Madison, NJ 7940 Full Service B&M $66,620
    Lakeland Bank 2717 Route 23 South Newfoundland, NJ 7435 Full Service B&M $321,021
    Lakeland Bank 28 Main Street Bloomingdale, NJ 7403 Full Service B&M $108,896
    Lakeland Bank 3 Broad Street Branchville, NJ 7826 Full Service B&M $184,873
    Lakeland Bank 321 W Main Street Boonton, NJ 7005 Full Service B&M $113,115
    Lakeland Bank 325 Garden Street Carlstadt, NJ 7072 Full Service B&M $47,617
    Lakeland Bank 350 North Main Street, Wharton Mall Wharton, NJ 7885 Full Service B&M $68,798
    Lakeland Bank 356 Franklin Avenue Nutley, NJ 7110 Full Service B&M $83,140
    Lakeland Bank 37 Route 15 Lafayette, NJ 7848 Full Service B&M $60,542
    Lakeland Bank 395 Route 94 North Fredon Township, NJ 7860 Full Service B&M $119,138
    Lakeland Bank 417 Cedar Lane Teaneck, NJ 7666 Full Service B&M $126,846
    Lakeland Bank 42 N. Dean Street Englewood, NJ 7631 Full Service B&M $44,222
    Lakeland Bank 45 Skyline Drive Ringwood, NJ 7456 Full Service B&M $75,195
    Lakeland Bank 455 Route 23 North Wantage, NJ 7461 Full Service B&M $130,939
    Lakeland Bank 49-53 Bloomfield Avenue Caldwell, NJ 7006 Full Service B&M $190,583
    Lakeland Bank 500 River Avenue Lakewood, NJ 8701 Full Service B&M $224,367
    Lakeland Bank 510 Morris Avenue Summit, NJ 7901 Full Service B&M $55,958
    Lakeland Bank 529 Route 515 Vernon, NJ 7462 Full Service B&M $149,999
    Lakeland Bank 55 Broadway Denville, NJ 7834 Full Service Retail $80,384
    Lakeland Bank 556 Route 32 Highland Mills, NY 10930 Full Service B&M $195,028
    Lakeland Bank 5729 Berkshire Valley Road Oak Ridge, NJ 7438 Full Service B&M $157,367
    Lakeland Bank 615 Us 206 Newton, NJ 7860 Full Service B&M $79,743
    Lakeland Bank 64 Crescent Avenue Waldwick, NJ 7463 Full Service B&M $100,769
    Lakeland Bank 650 Union Boulevard Totowa, NJ 7512 Full Service B&M $217,422
    Lakeland Bank 652 Wyckoff Avenue Wyckoff, NJ 7481 Full Service B&M $249,781
    Lakeland Bank 7 Town Center Drive Sparta, NJ 7871 Full Service B&M $248,615
    Lakeland Bank 86-88 Main Street Little Falls, NJ 7424 Full Service B&M $460,094
    Lakeland Bank 9 Polifly Road Hackensack, NJ 7601 Full Service B&M $82,202
    Lakeland Bank One Cedar Crest Village Drive Pompton Plains, NJ 7444 Full Service B&M $45,280
    Lakeland Bank Www.Lakelandbank.Com Oak Ridge, NJ 7438 Full Service Cyber Office $9,476

    For 2021, Lakeland Bank had 49 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $257,318
    Net interest income $240,254
    Total noninterest income $22,602
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $3,643
    Trading account gains and fees $0
    Additional Noninterest Income $18,959
    Pre-tax net operating income $134,494
    Securities gains (or losses, -) $-276
    Income before extraordinary items $100,479
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $100,479
    Minority interest net income $0
    Net income $100,479
    Sale, conversion, retirement of capital stock, net $4,073
    Net operating income $100,697

    Lakeland Bank's gross interest income from loans was $257,318,000.
    Lakeland Bank's net interest income from loans was $240,254,000.
    Lakeland Bank's fee based income from loans was $3,643,000.
    Lakeland Bank's net income from loans was $100,479,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $17,064
    Provision for credit losses $-10,896
    Total noninterest expense $139,258
    Salaries and employee benefits $82,589
    Premises and equipment expense $24,773
    Additional noninterest expense $31,896
    Applicable income taxes $33,739
    Net charge-offs $2,162
    Cash dividends $50,648

    Lakeland Bank's interest expense for loans was $17,064,000.
    Lakeland Bank's payroll and benefits expense were $82,589,000.
    Lakeland Bank's property, plant and equipment expenses $24,773,000.

    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 1.0%
    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 $7,006,531
    Deposits held in domestic offices $7,006,531
    Deposits by Individuals, partnerships, and corporations $5,440,257
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $1,561,058
    Deposits by Commercial banks and other depository institutions in U.S. $5,216
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $600,758
    Demand deposits $600,758
    Nontransaction accounts $6,405,773
    Money market deposit accounts (MMDAs) $4,969,443
    Other savings deposits (excluding MMDAs) $677,101
    Total time deposits $759,229
    Total time and savings deposits $6,405,773
    Noninterest-bearing deposits $1,787,706
    Interest-bearing deposits $5,218,825
    Retail deposits $6,756,410
    IRAs and Keogh plan accounts $96,602
    Brokered deposits $114,286
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $8,195,337
    Cash & Balances due from depository institutions $228,384
    Interest-bearing balances $184,228
    Total securities $1,612,280
    Federal funds sold & reverse repurchase $148
    Net loans and leases $5,920,044
    Loan and leases loss allowance $58,047
    Trading account assets $0
    Bank premises and fixed assets $61,138
    Other real estate owned $0
    Goodwill and other intangibles $158,621
    All other assets $214,722

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $8,195,337
    Total Liabilities $7,242,069
    Total deposits $7,006,531
    Interest-bearing deposits $5,218,825
    Deposits held in domestic offices $7,006,531
    % insured (estimated) $54
    Federal funds purchased and repurchase agreements $106,453
    Trading liabilities $0
    Other borrowed funds $25,000
    Subordinated debt $0
    All other liabilities $104,085

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $5,920,044
    Loan and leases loss allowance $58,047
    Total loans and leases (domestic) $5,978,091
    All real estate loans $5,386,954
    Real estate loans in domestic offices $5,386,954
    Construction and development loans $302,228
    Residential 1-4 family construction $59,862
    Other construction, all land development and other land $242,366
    Loans secured by nonfarm nonresidential properties $3,213,172
    Nonfarm nonresidential secured by owner-occupied properties $896,819
    Commercial real estate & other non-farm, non-residential $2,316,353
    Multifamily residential real estate $972,233
    1-4 family residential loans $887,816
    Farmland loans $11,505
    Loans held in foreign offices $0
    Farm loans $0
    Commercial and industrial loans $453,565
    To non-U.S. addressees $0
    Loans to individuals $5,725
    Credit card loans $0
    Related Plans $522
    Consumer Auto Loans $2,041
    Other loans to individuals $3,162
    All other loans & leases $131,847
    Loans to foreign governments and official institutions $0
    Other loans $8,635
    Loans to depository institutions and acceptances of other banks $0
    Loans not secured by real estate $10,299
    Loans secured by real estate to non-U.S. addressees $0
    Restructured Loans & leases $3,191
    Non 1-4 family restructured loans & leases $2,942
    Total loans and leases (foreign) $0

    Lakeland Bank had $5,920,044,000 of loans outstanding in 2021. $5,386,954,000 of loans were in real estate loans. $302,228,000 of loans were in development loans. $972,233,000 of loans were in multifamily mortgage loans. $887,816,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $0 of loans were in credit card loans. $2,041,000 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 1,267 $433,794 $342,379
    Nonfarm, nonresidential loans - <$100k 107 $4,406 $41,178
    Nonfarm, nonresidential loans - $100-250k 267 $33,925 $127,060
    Nonfarm, nonresidential loans - $250k-1MM 893 $395,463 $442,848
    Commercial & Industrial, US addressed loans - <$1MM 1,248 $117,111 $93,839
    Commercial & Industrial, US addressed loans - <$100k 771 $22,863 $29,654
    Commercial & Industrial, US addressed loans - $100-250k 256 $30,914 $120,758
    Commercial & Industrial, US addressed loans - $250k-1MM 221 $63,334 $286,579
    Farmland loans - <$1MM 5 $645 $129,000
    Farmland loans - $100-250k 4 $435 $108,750
    Farmland loans - $250k-1MM 1 $210 $210,000