Lake City Bank Mortgage Rates, Fees & Info
Warsaw, IN
LEI: 8Q77SW3KZ88P3GNX0T60
Tax ID: 35-0458180
5 stars
-
out of 5 stars, based on 50 reviews
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Mortgage Data
Bank Data
Overview
Lake City Bank is a
smaller
bank
specializing in
Refi, Cash Out Refi, and Home Purchase loans.
Lake City Bank has a high proportion of conventional loans.
Their top markets include Indianapolis, Warsaw, Elkhart, Fort Wayne, and South Bend among others. Lake City Bank has
an average
approval rate for mortages when compared nationally.
They have
a below average
pick rate when compared to the same sample of other lendors.
Lake City Bank is typically
a low fee
lendor.
Originations
2,464
Origination Dollar Volume (All Markets)
$461,790,000
Employee count
582
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Lake City Bank - 2021
Lake City Bank is a 2021 , due to their low .
For 2021, less than of lenders were eligible for this award.
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Relative Rate
Lake City Bank's average 30 year fixed rate mortgage of loans were
3.46%.
The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.
This yields a difference of 0.31%.
Relative Fees
Lake City Bank's average total fees for a 30 year fixed rate
mortgage are $3,195.
The average total origination fees for 30 year fixed rate mortgages (for all loan values, including
both points & up-front fees in addition to origination fees) are $4,750.
Top Markets
| Market |
Originations |
Total Value |
Average Loan |
Average Fees |
Average Rate |
|
INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA)
|
296
|
$139,380,000 |
$470,878 |
$3,367 |
3.56% |
|
Warsaw, IN (FHA|USDA|VA)
|
568
|
$71,300,000 |
$125,528 |
$2,905 |
3.35% |
|
ELKHART-GOSHEN, IN (FHA|USDA|VA)
|
415
|
$56,785,000 |
$136,831 |
$2,902 |
3.32% |
|
FORT WAYNE, IN (FHA|USDA|VA)
|
365
|
$54,545,000 |
$149,438 |
$3,054 |
3.37% |
|
Outside of Metro Areas
|
231 |
$31,795,000 |
$137,641 |
$3,296 |
3.40% |
|
SOUTH BEND-MISHAWAKA, IN-MI (FHA|USDA|VA)
|
145
|
$22,935,000 |
$158,172 |
$2,878 |
3.38% |
|
Plymouth, IN (FHA|USDA|VA)
|
149
|
$15,765,000 |
$105,805 |
$2,835 |
3.55% |
|
NAPLES-MARCO ISLAND, FL (FHA|USDA|VA)
|
6
|
$14,950,000 |
$2,491,667 |
$13,981 |
3.21% |
|
Kendallville, IN (FHA|USDA|VA)
|
125
|
$9,405,000 |
$75,240 |
$2,808 |
3.37% |
|
Auburn, IN (FHA|USDA|VA)
|
45
|
$5,655,000 |
$125,667 |
$2,963 |
3.26% |
|
MUNCIE, IN (FHA|USDA|VA)
|
2
|
$5,640,000 |
$2,820,000 |
$0 |
3.30% |
|
Angola, IN (FHA|USDA|VA)
|
18
|
$5,300,000 |
$294,444 |
$3,062 |
3.15% |
|
Washington, IN (FHA|USDA|VA)
|
1
|
$4,805,000 |
$4,805,000 |
$0 |
4.60% |
|
GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA)
|
3
|
$3,855,000 |
$1,285,000 |
$2,833 |
2.54% |
|
Traverse City, MI (FHA|USDA|VA)
|
2
|
$2,260,000 |
$1,130,000 |
$5,581 |
3.19% |
|
Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA)
|
11
|
$1,965,000 |
$178,636 |
$3,140 |
3.43% |
|
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA)
|
1
|
$1,765,000 |
$1,765,000 |
$8,568 |
3.25% |
|
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA)
|
2
|
$1,610,000 |
$805,000 |
$5,248 |
3.38% |
|
Wabash, IN (FHA|USDA|VA)
|
18
|
$1,520,000 |
$84,444 |
$2,851 |
3.18% |
|
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA)
|
3
|
$1,365,000 |
$455,000 |
$5,965 |
2.88% |
|
Bluffton, IN (FHA|USDA|VA)
|
8
|
$1,360,000 |
$170,000 |
$3,333 |
3.67% |
|
Decatur, IN (FHA|USDA|VA)
|
4
|
$1,220,000 |
$305,000 |
$0 |
3.81% |
|
Peru, IN (FHA|USDA|VA)
|
11
|
$1,125,000 |
$102,273 |
$2,000 |
3.59% |
|
ST. LOUIS, MO-IL (FHA|USDA|VA)
|
1
|
$1,105,000 |
$1,105,000 |
$0 |
5.00% |
|
Sturgis, MI (FHA|USDA|VA)
|
9
|
$1,065,000 |
$118,333 |
$2,762 |
3.44% |
|
NILES, MI (FHA|USDA|VA)
|
3
|
$595,000 |
$198,333 |
$3,866 |
3.08% |
|
Huntington, IN (FHA|USDA|VA)
|
6
|
$530,000 |
$88,333 |
$2,549 |
3.15% |
|
COLUMBUS, OH (FHA|USDA|VA)
|
1
|
$475,000 |
$475,000 |
$0 |
3.50% |
|
MICHIGAN CITY-LA PORTE, IN (FHA|USDA|VA)
|
4
|
$460,000 |
$115,000 |
$2,627 |
3.39% |
|
FLINT, MI (FHA|USDA|VA)
|
1
|
$235,000 |
$235,000 |
$2,951 |
3.88% |
|
Richmond, IN (FHA|USDA|VA)
|
1
|
$205,000 |
$205,000 |
$0 |
3.50% |
|
KALAMAZOO-PORTAGE, MI (FHA|USDA|VA)
|
1
|
$145,000 |
$145,000 |
$2,457 |
2.88% |
|
Logansport, IN (FHA|USDA|VA)
|
1
|
$145,000 |
$145,000 |
$2,589 |
3.25% |
|
Madison, IN (FHA|USDA|VA)
|
1
|
$135,000 |
$135,000 |
$2,336 |
3.25% |
|
New Castle, IN (FHA|USDA|VA)
|
3
|
$135,000 |
$45,000 |
$0 |
3.83% |
|
THE VILLAGES, FL (FHA|USDA|VA)
|
1
|
$125,000 |
$125,000 |
$2,017 |
2.25% |
|
KOKOMO, IN (FHA|USDA|VA)
|
1
|
$65,000 |
$65,000 |
$3,590 |
2.50% |
|
Defiance, OH (FHA|USDA|VA)
|
1
|
$65,000 |
$65,000 |
$2,803 |
2.50% |
Lake City Bank's top markets include Indianapolis, Warsaw, Elkhart, Fort Wayne, and South Bend among others.
Product Mix
| Loan Type |
Originations |
Total Value |
Average Loan |
Average Fees |
Average Rate |
| Conventional |
2,464 |
$461,790,000 |
$187,415 |
$3,080 |
3.39% |
For the 2021 period, Lake City Bank's most frequently
originated loan type
of loans were Conventional, with 2,464 originations.
Loan Reason
| Loan Reason |
Originations |
Total Value |
Average Loan |
Average Fees |
Average Rate |
| Other |
809 |
$78,575,000 |
$97,126 |
$3,642 |
3.67% |
| Refi |
744 |
$106,760,000 |
$143,495 |
$2,617 |
3.21% |
| Cash Out Refi |
602 |
$94,820,000 |
$157,508 |
$3,523 |
3.28% |
| Home Purchase |
274 |
$178,930,000 |
$653,029 |
$3,145 |
3.23% |
| Home Improvement |
35 |
$2,705,000 |
$77,286 |
$0 |
3.81% |
For the 2021, Lake City Bank's most frequently cited loan
purpose
of loans were Other, with 809
originations.
The 2nd most popular reason of loans were Refi,
with 744 originations.
Loan Duration/Length
| Loan Length |
Originations |
Total Value |
Average Loan |
Average Fees |
Average Rate |
| 30 Year |
1,391 |
$193,105,000 |
$138,825 |
$3,195 |
3.46% |
| Other |
642 |
$163,230,000 |
$254,252 |
$2,918 |
3.66% |
| 15 Year |
284 |
$50,650,000 |
$178,345 |
$2,774 |
2.48% |
| 20 Year |
78 |
$13,460,000 |
$172,564 |
$3,247 |
2.90% |
| 10 Year |
27 |
$18,295,000 |
$677,593 |
$2,654 |
3.05% |
| 5 Year |
22 |
$9,640,000 |
$438,182 |
$0 |
4.17% |
| 30+ year |
13 |
$9,075,000 |
$698,077 |
$5,993 |
3.80% |
| 1 Year |
6 |
$2,460,000 |
$410,000 |
$0 |
4.38% |
| 3 Year |
1 |
$1,875,000 |
$1,875,000 |
$0 |
4.57% |
For the 2021, Lake City Bank's most frequently cited loan
length
of loans were 30 Year, with 1,391 originations.
The 2nd most popular length of loans were Other,
with 642 originations.
Origination Fees
| Origination Fee |
Originations |
Total Value |
Average Loan |
| $<1k |
348 |
$92,270,000 |
$265,144 |
| $1k-2k |
244 |
$35,210,000 |
$144,303 |
| $2k-3k |
99 |
$21,225,000 |
$214,394 |
| $3k-4k |
78 |
$22,070,000 |
$282,949 |
| $5k+ |
11 |
$3,225,000 |
$293,182 |
$3,195 of loans were Lake City Bank's
average total fees, while their most
frequently occuring range of origination fees were in the
$<1k bucket,
with 348 originations.
Interest Rates
| Loan Rate |
Originations |
Total Value |
Average Loan |
| 3-4% |
1,669 |
$290,555,000 |
$174,089 |
| 2.5-3% |
351 |
$93,665,000 |
$266,852 |
| <2.5% |
247 |
$51,005,000 |
$206,498 |
| 4-5% |
174 |
$24,190,000 |
$139,023 |
| 7-8% |
15 |
$955,000 |
$63,667 |
| 5-6% |
6 |
$660,000 |
$110,000 |
| 6-7% |
2 |
$760,000 |
$380,000 |
During 2021, Lake City Bank's average interest
rate of loans were 3.46%, while their
most frequently originated rate bucket of loans were 3-4%,
with 1,669 originations.
Loan Sizing
| Loan Size |
Originations |
Total Value |
Average Loan |
Average Fees |
Average Rate |
| $100,000 or less |
1,298 |
$64,540,000 |
$49,723 |
$2,316 |
3.54% |
| $100k-200k |
674 |
$94,550,000 |
$140,282 |
$2,834 |
3.20% |
| $200k-400k |
349 |
$93,525,000 |
$267,980 |
$3,604 |
3.22% |
| $400k-600k |
84 |
$40,510,000 |
$482,262 |
$3,741 |
3.19% |
| $1MM+ |
35 |
$151,075,000 |
$4,316,429 |
$8,412 |
3.43% |
| $600k-1MM |
24 |
$17,590,000 |
$732,917 |
$4,426 |
3.57% |
2021 saw Lake City Bank place emphasis on
$100,000 or less loans
with 1,298 originations, totaling
$64,540,000 in origination value.
Applicant Income
| Applicant Income |
Originations |
Total Value |
Average Loan |
Average Fees |
Average Rate |
| $50k-75k |
524 |
$49,130,000 |
$93,760 |
$2,871 |
3.32% |
| $100k-150k |
482 |
$60,170,000 |
$124,834 |
$3,271 |
3.43% |
| $75k-100k |
418 |
$45,930,000 |
$109,880 |
$3,064 |
3.37% |
| $50k or less |
401 |
$28,325,000 |
$70,636 |
$2,422 |
3.35% |
| $150k-250k |
287 |
$50,895,000 |
$177,334 |
$3,635 |
3.41% |
| $250k+ |
208 |
$87,270,000 |
$419,567 |
$4,034 |
3.37% |
Lake City Bank lent most frequently to those with incomes in the
$50k-75k range, with
524 originations.
The second most popular income band? $100k-150k,
with 482 originations.
Applicant Debt to Income Ratio
| DTI Ratio |
Originations |
Total Value |
Average Loan |
Average Fees |
Average Rate |
| <20% |
723 |
$92,715,000 |
$128,237 |
$2,994 |
3.29% |
| 20-30% |
706 |
$90,480,000 |
$128,159 |
$2,988 |
3.35% |
| 30-36% |
386 |
$55,500,000 |
$143,782 |
$3,215 |
3.41% |
| 41% |
147 |
$18,365,000 |
$124,932 |
$2,549 |
3.55% |
| 40% |
72 |
$10,790,000 |
$149,861 |
$3,238 |
3.56% |
| 39% |
69 |
$9,315,000 |
$135,000 |
$3,552 |
3.39% |
| 36% |
64 |
$10,890,000 |
$170,156 |
$3,493 |
3.38% |
| 38% |
62 |
$8,480,000 |
$136,774 |
$2,682 |
3.42% |
| 37% |
59 |
$8,315,000 |
$140,932 |
$3,192 |
3.39% |
| 42% |
26 |
$3,660,000 |
$140,769 |
$2,540 |
3.34% |
| >60% |
12 |
$4,340,000 |
$361,667 |
$2,804 |
3.55% |
| 45% |
11 |
$3,395,000 |
$308,636 |
$3,122 |
3.10% |
| 43% |
11 |
$3,715,000 |
$337,727 |
$3,134 |
2.91% |
| 50-60% |
11 |
$6,655,000 |
$605,000 |
$4,838 |
3.50% |
| 46% |
10 |
$2,290,000 |
$229,000 |
$3,499 |
3.30% |
| 44% |
7 |
$1,135,000 |
$162,143 |
$2,554 |
2.98% |
| 49% |
6 |
$1,160,000 |
$193,333 |
$4,273 |
3.29% |
| 47% |
4 |
$1,080,000 |
$270,000 |
$4,325 |
3.38% |
| 48% |
1 |
$215,000 |
$215,000 |
$1,945 |
2.88% |
Lake City Bank lent most frequently to those with DTI ratios
of <20%, with
723 originations.
The next most common DTI ratio? 20-30%,
with 706 originations.
Ethnicity Mix
| Applicant Ethnicity |
Originations |
Total Value |
Average Loan |
Average Fees |
Average Rate |
| White |
2,181 |
$303,325,000 |
$139,076 |
$3,068 |
3.37% |
| Not applicable |
65 |
$126,395,000 |
$1,944,538 |
$0 |
4.07% |
| Not provided |
167 |
$24,725,000 |
$148,054 |
$3,535 |
3.39% |
| Black |
26 |
$3,710,000 |
$142,692 |
$2,456 |
3.54% |
| Asian |
11 |
$2,005,000 |
$182,273 |
$3,395 |
3.17% |
| American Indian |
11 |
$1,365,000 |
$124,091 |
$2,980 |
3.06% |
| Chinese |
1 |
$105,000 |
$105,000 |
$4,504 |
2.38% |
| Native Hawaiian |
1 |
$85,000 |
$85,000 |
$0 |
4.50% |
| Other Asian |
1 |
$75,000 |
$75,000 |
$2,420 |
3.00% |
Approval Rates
Total approvals of all applications
89.94%
Lake City Bank has an average approval rate.
Pick Rate
Approvals leading to origination
78.51%
Lake City Bank has a below average pick rate.
Points and Fees
| Points |
Originations |
Total Value |
Average Loan |
| NA |
2,464 |
$461,790,000 |
$187,415 |
Occupancy Type Mix
| Dwelling Type |
Originations |
Total Value |
Average Loan |
|
2,464 |
$461,790,000 |
$187,415 |
LTV Distribution
| Loan to Value |
Originations |
Total Value |
Average Loan |
Average Fees |
Average Rate |
| 20-40% |
619 |
$60,825,000 |
$98,263 |
$2,444 |
3.44% |
| 40-60% |
441 |
$78,595,000 |
$178,220 |
$2,788 |
3.16% |
| 60-80% |
492 |
$174,090,000 |
$353,841 |
$3,414 |
3.18% |
| 80-100% |
235 |
$111,335,000 |
$473,766 |
$3,258 |
3.24% |
| Over 100% |
1 |
$5,605,000 |
$5,605,000 |
$0 |
3.09% |
| Under 20% |
667 |
$29,435,000 |
$44,130 |
$2,820 |
3.68% |
Complaints
| Bank Name |
Product |
Issue |
2021 CPFB Complaints |
% of Total Issues |
| Legacy Title Service |
Home equity loan or line of credit (HELOC) |
Closing on a mortgage |
1 |
100.0% |
Bank Details
Branches
| Bank Name |
Branch |
Branch Type |
Deposits (000's) |
| Lake City Bank |
108 South First Street Pierceton, IN 46562 |
Full Service B&M
|
$31,718 |
| Lake City Bank |
202 South Higbee Street Milford, IN 46542 |
Full Service B&M
|
$49,032 |
| Lake City Bank |
202 West Market Street Nappanee, IN 46550 |
Full Service B&M
|
$146,467 |
| Lake City Bank |
205 East Main Street Medaryville, IN 47957 |
Full Service B&M
|
$22,620 |
| Lake City Bank |
21113 Cleveland Road South Bend, IN 46628 |
Full Service B&M
|
$50,157 |
| Lake City Bank |
220 East Center Street Warsaw, IN 46580 |
Limited, Drive-thru
|
$0 |
| Lake City Bank |
22050 State Road 120 Elkhart, IN 46515 |
Full Service B&M
|
$80,870 |
| Lake City Bank |
222 South Cavin Street Ligonier, IN 46767 |
Full Service B&M
|
$37,647 |
| Lake City Bank |
2513 South Main Street Goshen, IN 46526 |
Full Service B&M
|
$95,260 |
| Lake City Bank |
302 East Dupont Road Fort Wayne, IN 46825 |
Full Service B&M
|
$223,998 |
| Lake City Bank |
3601 Commerce Drive Warsaw, IN 46580 |
Full Service B&M
|
$41,438 |
| Lake City Bank |
3805 East 82nd Street Indianapolis, IN 46240 |
Full Service B&M
|
$28,805 |
| Lake City Bank |
420 Chevy Way Warsaw, IN 46581 |
Full Service B&M
|
$57,256 |
| Lake City Bank |
4202 Elkhart Road Goshen, IN 46526 |
Full Service B&M
|
$46,657 |
| Lake City Bank |
901 South Detroit Street Lagrange, IN 46761 |
Full Service B&M
|
$61,005 |
| Lake City Bank |
9640 North Michigan Road Carmel, IN 46032 |
Full Service B&M
|
$16,370 |
| Lake City Bank |
99 Chestnut Avenue Winona Lake, IN 46590 |
Full Service B&M
|
$50,367 |
| Lake City Bank |
Sr 9 And U.S. 30 Columbia City, IN 46725 |
Full Service B&M
|
$87,583 |
| Lake City Bank |
Www.Lakecitybank.Com Warsaw, IN 46581 |
Limited, Administrative
|
$0 |
| Lake City Bank |
100 North Michigan Street Argos, IN 46501 |
Full Service B&M
|
$14,630 |
| Lake City Bank |
100 W 96th St Indianapolis, IN 46260 |
Full Service B&M
|
$482,833 |
| Lake City Bank |
101 N Michigan St South Bend, IN 46601 |
Full Service B&M
|
$148,153 |
| Lake City Bank |
101 West Ohio Street Indianapolis, IN 46204 |
Full Service B&M
|
$8,160 |
| Lake City Bank |
102 East Main Street Silver Lake, IN 46982 |
Full Service B&M
|
$41,033 |
| Lake City Bank |
10411 Maysville Road Fort Wayne, IN 46835 |
Full Service B&M
|
$146,167 |
| Lake City Bank |
10429 Illinois Road, Aboite Township Fort Wayne, IN 46804 |
Full Service B&M
|
$94,322 |
| Lake City Bank |
5015 Main Street Mishawaka, IN 46544 |
Full Service B&M
|
$251,935 |
| Lake City Bank |
502 South Huntington Street Syracuse, IN 46567 |
Full Service B&M
|
$112,426 |
| Lake City Bank |
507 East Ninth Street Rochester, IN 46975 |
Full Service B&M
|
$90,115 |
| Lake City Bank |
58404 State Road 19 Elkhart, IN 46516 |
Full Service B&M
|
$49,203 |
| Lake City Bank |
631 Professional Way Kendallville, IN 46755 |
Full Service B&M
|
$73,844 |
| Lake City Bank |
644 North Main Street North Webster, IN 46555 |
Full Service B&M
|
$59,218 |
| Lake City Bank |
6851 W Jefferson Blvd Fort Wayne, IN 46804 |
Full Service B&M
|
$380,028 |
| Lake City Bank |
705 S State Road 135 Greenwood, IN 46143 |
Full Service B&M
|
$30,645 |
| Lake City Bank |
712 Wayne Avenue Middlebury, IN 46540 |
Full Service B&M
|
$61,467 |
| Lake City Bank |
818 S. Harrison Street Fort Wayne, IN 46802 |
Full Service B&M
|
$148,373 |
| Lake City Bank |
826 East Jefferson Street Plymouth, IN 46563 |
Full Service B&M
|
$114,423 |
| Lake City Bank |
864 East Beardsley Avenue Elkhart, IN 46516 |
Full Service B&M
|
$220,179 |
| Lake City Bank |
895 North Van Buren Street Shipshewana, IN 46565 |
Full Service B&M
|
$74,520 |
| Lake City Bank |
114 West Rochester Street Akron, IN 46910 |
Full Service B&M
|
$34,285 |
| Lake City Bank |
119 South Third Street Goshen, IN 46526 |
Full Service B&M
|
$480,994 |
| Lake City Bank |
1206 North Nappanee Elkhart, IN 46516 |
Full Service B&M
|
$30,469 |
| Lake City Bank |
1220 East 7th Street Auburn, IN 46706 |
Full Service B&M
|
$178,716 |
| Lake City Bank |
1221 West Lake Street Warsaw, IN 46580 |
Full Service B&M
|
$24,715 |
| Lake City Bank |
12830 State Road 23 Granger, IN 46530 |
Full Service B&M
|
$56,475 |
| Lake City Bank |
13104 Fishers Makretplace Dr Fishers, IN 46038 |
Full Service B&M
|
$50,380 |
| Lake City Bank |
1324 Wooster Road Winona Lake, IN 46590 |
Full Service B&M
|
$0 |
| Lake City Bank |
1470 Lincolnway South Ligonier, IN 46767 |
Full Service B&M
|
$72,367 |
| Lake City Bank |
1501 North Jefferson Huntington, IN 46750 |
Full Service B&M
|
$49,101 |
| Lake City Bank |
1600 State Road 331 Bremen, IN 46506 |
Full Service B&M
|
$47,733 |
| Lake City Bank |
202 East Center Street Warsaw, IN 46580 |
Full Service B&M
|
$571,215 |
| Lake City Bank |
202 East Main Street Mentone, IN 46539 |
Full Service B&M
|
$69,924 |
For 2021, Lake City Bank had 52 branches.
Yearly Performance Overview
Bank Income
Lake City Bank's gross interest income from loans was $193,602,000.
Lake City Bank's net interest income from loans was $178,478,000.
Lake City Bank's fee based income from loans was $10,262,000.
Lake City Bank's net income from loans was $100,037,000.
Bank Expenses
| Item |
Value (in 000's) |
| Total interest expense |
$15,124 |
| Provision for credit losses |
$1,077 |
| Total noninterest expense |
$98,303 |
| Salaries and employee benefits |
$51,609 |
| Premises and equipment expense |
$11,257 |
| Additional noninterest expense |
$35,437 |
| Applicable income taxes |
$24,066 |
| Net charge-offs |
$3,762 |
| Cash dividends |
$47,355 |
Lake City Bank's interest expense for loans was $15,124,000.
Lake City Bank's payroll and benefits expense were $51,609,000.
Lake City Bank's property, plant and equipment expenses $11,257,000.
Deposits
| Type |
Value (in 000's) |
| Total deposits |
$5,736,241 |
| Deposits held in domestic offices |
$5,736,241 |
| Deposits by Individuals, partnerships, and corporations |
$4,452,043 |
| Deposits by U.S. Government |
$20 |
| Deposits by States and political subdivisions in the U.S. |
$1,284,147 |
| Deposits by Commercial banks and other depository institutions in U.S. |
$32 |
| Deposits by Banks in foreign countries |
$0 |
| Deposits by Foreign governments and official institutions |
$0 |
| Transaction accounts |
$3,627,132 |
| Demand deposits |
$2,055,487 |
| Nontransaction accounts |
$2,109,110 |
| Money market deposit accounts (MMDAs) |
$870,248 |
| Other savings deposits (excluding MMDAs) |
$409,343 |
| Total time deposits |
$829,519 |
| Total time and savings deposits |
$3,680,755 |
| Noninterest-bearing deposits |
$1,896,315 |
| Interest-bearing deposits |
$3,839,926 |
| Retail deposits |
$5,336,724 |
| IRAs and Keogh plan accounts |
$59,292 |
| Brokered deposits |
$10,003 |
| Deposits held in foreign offices |
$0 |
Assets
| Asset |
Value (in 000's) |
| Total Assets |
$6,541,677 |
| Cash & Balances due from depository institutions |
$673,259 |
| Interest-bearing balances |
$623,478 |
| Total securities |
$1,398,663 |
| Federal funds sold & reverse repurchase |
$2,138 |
| Net loans and leases |
$4,227,538 |
| Loan and leases loss allowance |
$67,773 |
| Trading account assets |
$14,309 |
| Bank premises and fixed assets |
$63,527 |
| Other real estate owned |
$196 |
| Goodwill and other intangibles |
$7,350 |
| All other assets |
$154,697 |
Liabilities
| Liabilities |
Value (in 000's) |
| Total liabilities and capital |
$6,541,677 |
| Total Liabilities |
$5,855,101 |
| Total deposits |
$5,736,241 |
| Interest-bearing deposits |
$3,839,926 |
| Deposits held in domestic offices |
$5,736,241 |
| % insured (estimated) |
$44 |
| Federal funds purchased and repurchase agreements |
$0 |
| Trading liabilities |
$14,329 |
| Other borrowed funds |
$79,218 |
| Subordinated debt |
$0 |
| All other liabilities |
$25,313 |
Issued Loan Types
| Type |
Value (in 000's) |
| Net loans and leases |
$4,227,538 |
| Loan and leases loss allowance |
$67,773 |
| Total loans and leases (domestic) |
$4,295,311 |
| All real estate loans |
$2,511,429 |
| Real estate loans in domestic offices |
$2,511,429 |
| Construction and development loans |
$389,887 |
| Residential 1-4 family construction |
$33,476 |
| Other construction, all land development and other land |
$356,411 |
| Loans secured by nonfarm nonresidential properties |
$1,326,830 |
| Nonfarm nonresidential secured by owner-occupied properties |
$738,790 |
| Commercial real estate & other non-farm, non-residential |
$588,040 |
| Multifamily residential real estate |
$246,786 |
| 1-4 family residential loans |
$341,623 |
| Farmland loans |
$206,303 |
| Loans held in foreign offices |
$0 |
| Farm loans |
$239,573 |
| Commercial and industrial loans |
$1,388,586 |
| To non-U.S. addressees |
$0 |
| Loans to individuals |
$82,546 |
| Credit card loans |
$0 |
| Related Plans |
$20,614 |
| Consumer Auto Loans |
$24,134 |
| Other loans to individuals |
$37,798 |
| All other loans & leases |
$73,177 |
| Loans to foreign governments and official institutions |
$0 |
| Other loans |
$53,797 |
| Loans to depository institutions and acceptances of other banks |
$0 |
| Loans not secured by real estate |
$55,782 |
| Loans secured by real estate to non-U.S. addressees |
$0 |
| Restructured Loans & leases |
$5,121 |
| Non 1-4 family restructured loans & leases |
$3,899 |
| Total loans and leases (foreign) |
$0 |
Lake City Bank had $4,227,538,000 of loans outstanding in 2021. $2,511,429,000 of loans were in real estate loans.
$389,887,000 of loans were in development loans. $246,786,000 of loans were in multifamily mortgage loans.
$341,623,000 of loans were in 1-4 family mortgage loans. $239,573,000 of loans were in farm loans. $0
of loans were in credit card loans. $24,134,000 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 |
789 |
$205,305 |
$260,209 |
| Nonfarm, nonresidential loans - <$100k |
131 |
$5,745 |
$43,855 |
| Nonfarm, nonresidential loans - $100-250k |
209 |
$25,216 |
$120,651 |
| Nonfarm, nonresidential loans - $250k-1MM |
449 |
$174,344 |
$388,294 |
| Commercial & Industrial, US addressed loans - <$1MM |
2,600 |
$255,691 |
$98,343 |
| Commercial & Industrial, US addressed loans - <$100k |
1,360 |
$31,634 |
$23,260 |
| Commercial & Industrial, US addressed loans - $100-250k |
555 |
$48,619 |
$87,602 |
| Commercial & Industrial, US addressed loans - $250k-1MM |
685 |
$175,438 |
$256,114 |
| Farmland loans - <$1MM |
238 |
$27,524 |
$115,647 |
| Farmland loans - <$100k |
57 |
$2,050 |
$35,965 |
| Farmland loans - $100-250k |
89 |
$8,827 |
$99,180 |
| Farmland loans - $250k-1MM |
92 |
$16,647 |
$180,946 |
| Agriculture operations loans - <$1MM |
342 |
$35,548 |
$103,942 |
| Agriculture operations loans - <$100k |
166 |
$5,106 |
$30,759 |
| Agriculture operations loans - $100-250k |
85 |
$8,371 |
$98,482 |
| Agriculture operations loans - $250k-1MM |
91 |
$22,071 |
$242,538 |
