Lake City Bank Mortgage Rates, Fees & Info

Warsaw, IN

LEI: 8Q77SW3KZ88P3GNX0T60

Tax ID: 35-0458180

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

    Lake City Bank is a smaller bank specializing in Refi and Home Purchase loans. Lake City Bank has a high proportion of conventional loans. Their top markets by origination volume include: Warsaw, Fort Wayne, Elkhart, Bloomington, and Indianapolis among others. We have data for 33 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Lake City 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. Lake City 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) 6.27% 11/21/24
    30 Year Conventional Purchase 6.60% 11/21/24
    30 Year Conventional Refi 6.51% 11/21/24
    30 Year Cash-out Refi 6.57% 11/21/24
    15 Year Conventional Purchase 6.44% 11/21/24
    15 Year Conventional Refi 6.15% 11/21/24
    15 Year Cash-out Refi 6.15% 11/21/24
    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.

    Lake City Bank Mortgage Calculator






    Your Estimates

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

    This is not an official calculator from Lake City 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

    2,209

    Origination Dollar Volume (All Markets)

    $388,225,000

    Employee count

    568 Show all (6) 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
    Warsaw, IN (FHA|USDA|VA) 544 $72,740,000 $133,713 $2,580 5.29%
    FORT WAYNE, IN (FHA|USDA|VA) 316 $51,400,000 $162,658 $2,781 5.35%
    ELKHART-GOSHEN, IN (FHA|USDA|VA) 366 $43,810,000 $119,699 $2,754 5.30%
    BLOOMINGTON, IN (FHA|USDA|VA) 4 $31,010,000 $7,752,500 $0 4.68%
    INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 164 $26,520,000 $161,707 $2,924 5.48%
    Outside of Metro Areas 261 $25,915,000 $99,291 $2,638 5.26%
    Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 11 $22,415,000 $2,037,727 $1,853 5.09%
    Plymouth, IN (FHA|USDA|VA) 161 $18,755,000 $116,491 $2,426 5.37%
    SOUTH BEND-MISHAWAKA, IN-MI (FHA|USDA|VA) 135 $18,165,000 $134,556 $2,584 5.25%
    CINCINNATI, OH-KY-IN (FHA|USDA|VA) 1 $18,025,000 $18,025,000 $0 4.97%
    EVANSVILLE, IN-KY (FHA|USDA|VA) 1 $15,605,000 $15,605,000 $0 4.73%
    MICHIGAN CITY-LA PORTE, IN (FHA|USDA|VA) 7 $10,095,000 $1,442,143 $2,775 5.51%
    Kendallville, IN (FHA|USDA|VA) 118 $8,390,000 $71,102 $3,051 5.46%
    KALAMAZOO-PORTAGE, MI (FHA|USDA|VA) 1 $7,955,000 $7,955,000 $0 5.50%
    Marion, IN (FHA|USDA|VA) 1 $4,005,000 $4,005,000 $0 4.49%
    Auburn, IN (FHA|USDA|VA) 39 $2,985,000 $76,538 $2,716 5.38%
    Angola, IN (FHA|USDA|VA) 15 $2,515,000 $167,667 $2,262 4.86%
    Heber, UT (FHA|USDA|VA) 1 $1,835,000 $1,835,000 $0 4.00%
    Huntington, IN (FHA|USDA|VA) 19 $1,335,000 $70,263 $2,883 5.55%
    Wabash, IN (FHA|USDA|VA) 9 $845,000 $93,889 $3,000 5.31%
    NILES, MI (FHA|USDA|VA) 4 $780,000 $195,000 $3,288 6.31%
    Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 1 $755,000 $755,000 $0 5.50%
    Peru, IN (FHA|USDA|VA) 10 $520,000 $52,000 $0 5.73%
    Sturgis, MI (FHA|USDA|VA) 6 $440,000 $73,333 $0 5.79%
    MUNCIE, IN (FHA|USDA|VA) 3 $335,000 $111,667 $1,677 4.86%
    NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 1 $265,000 $265,000 $4,020 3.75%
    Glasgow, KY (FHA|USDA|VA) 1 $175,000 $175,000 $2,830 4.50%
    Scottsburg, IN (FHA|USDA|VA) 1 $165,000 $165,000 $0 5.75%
    Decatur, IN (FHA|USDA|VA) 3 $165,000 $55,000 $3,213 4.88%
    Bluffton, IN (FHA|USDA|VA) 2 $120,000 $60,000 $0 5.75%
    Defiance, OH (FHA|USDA|VA) 1 $105,000 $105,000 $0 5.75%
    Logansport, IN (FHA|USDA|VA) 1 $55,000 $55,000 $0 5.75%
    Greensburg, IN (FHA|USDA|VA) 1 $25,000 $25,000 $0 5.75%
    Lake City Bank's top markets include Warsaw, Fort Wayne, Elkhart, Bloomington, and Indianapolis among others.

    Their top states include:
  • Indiana (FHA|USDA|VA)
  • Ohio (FHA|USDA|VA)
  • Michigan (FHA|USDA|VA)
  • Utah (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)

    • Similar Lenders

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

    Fire Police City County Federal Credit Union
    Similarity Rank: 72
    BEACON CREDIT UNION
    Similarity Rank: 130
    Circle Federal Credit Union
    Similarity Rank: 243
    INDIANA UNIVERSITY CREDIT UNION
    Similarity Rank: 434
    Hendricks County Bank and Trust Company
    Similarity Rank: 456
    Victory Community Bank
    Similarity Rank: 480
    MIDWEST AMERICA
    Similarity Rank: 600
    ProFed Federal Credit Union
    Similarity Rank: 748
    First Federal Bank of the Midwest
    Similarity Rank: 781
    INTERRA CREDIT UNION
    Similarity Rank: 1170

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    HELOC 1,643 $147,145,000 $89,559 n/a 5.72%
    Conventional 566 $241,080,000 $425,936 $2,680 4.17%

    For 2019, Lake City Bank's most frequently originated type of loan was HELOC, with 1,643 originations. Their 2nd most popular type was Conventional, with 566 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 720 $181,600,000 $252,222 $2,439 5.34%
    Other 683 $46,535,000 $68,133 $2,996 5.76%
    Cash Out Refi 467 $58,855,000 $126,028 $3,187 5.30%
    Home Purchase 310 $99,530,000 $321,065 $2,536 4.30%
    Home Improvement 28 $1,690,000 $60,357 $2,161 6.21%
    NA 1 $15,000 $15,000 $0 5.00%

    For 2019, Lake City Bank's most frequently cited loan purpose was Refi, with 720 originations. The 2nd most popular reason was Other, with 683 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 1,667 $219,355,000 $131,587 $2,953 5.71%
    30 Year 288 $59,840,000 $207,778 $2,728 4.14%
    15 Year 147 $23,925,000 $162,755 $2,397 3.61%
    5 Year 42 $33,370,000 $794,524 $0 5.55%
    20 Year 32 $5,250,000 $164,063 $2,770 4.03%
    30+ year 16 $5,020,000 $313,750 $4,255 4.22%
    10 Year 12 $38,490,000 $3,207,500 $2,003 6.01%
    3 Year 3 $1,365,000 $455,000 $0 4.64%
    1 Year 2 $1,610,000 $805,000 $0 5.00%

    For 2019, Lake City Bank's most frequently cited loan duration was Other, with 1,667 originations. The 2nd most popular length was 30 Year, with 288 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 260 $53,730,000 $206,654
    $1k-2k 149 $22,295,000 $149,631
    $2k-3k 55 $11,905,000 $216,455
    $3k-4k 12 $3,400,000 $283,333
    $4k-5k 8 $2,710,000 $338,750
    $5k+ 3 $1,035,000 $345,000

    Lake City Bank's average total fees were $2,728, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 260 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    5-6% 1,351 $144,975,000 $107,309
    4-5% 399 $148,765,000 $372,845
    3-4% 275 $80,445,000 $292,527
    6-7% 155 $12,555,000 $81,000
    Over 8% 23 $805,000 $35,000
    7-8% 3 $245,000 $81,667
    <2.5% 2 $190,000 $95,000
    2.5-3% 1 $245,000 $245,000

    During 2019, Lake City Bank's average interest rate for loans was 4.14%, while their most frequently originated rate bucket for loans was 5-6%, with 1,351 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 1,339 $59,655,000 $44,552 $2,248 5.60%
    $100k-200k 503 $67,895,000 $134,980 $2,529 5.01%
    $200k-400k 259 $67,815,000 $261,834 $3,007 4.74%
    $400k-600k 52 $24,180,000 $465,000 $3,697 4.71%
    $600k-1MM 33 $24,325,000 $737,121 $3,218 4.87%
    $1MM+ 23 $144,355,000 $6,276,304 $3,117 4.85%

    2019 saw Lake City Bank place emphasis on $100,000 or less loans with 1,339 originations, totaling $59,655,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 532 $40,380,000 $75,902 $2,604 5.34%
    $50k or less 407 $24,305,000 $59,717 $2,210 5.29%
    $100k-150k 366 $40,890,000 $111,721 $3,009 5.34%
    $75k-100k 345 $30,325,000 $87,899 $2,680 5.41%
    $150k-250k 229 $33,825,000 $147,707 $2,899 5.35%
    $250k+ 185 $56,375,000 $304,730 $3,163 5.15%

    Lake City Bank lent most frequently to those with incomes in the $50k-75k range, with 532 originations. The second most popular income band? $50k or less, with 407 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    <20% 662 $65,290,000 $98,625 $2,626 5.31%
    20-30% 625 $66,435,000 $106,296 $2,753 5.31%
    30-36% 353 $38,665,000 $109,533 $2,738 5.32%
    41% 101 $9,495,000 $94,010 $2,466 5.62%
    40% 80 $8,810,000 $110,125 $2,564 5.36%
    38% 58 $6,950,000 $119,828 $2,756 5.34%
    39% 52 $5,370,000 $103,269 $2,418 5.46%
    36% 51 $5,265,000 $103,235 $2,724 5.27%
    37% 43 $3,945,000 $91,744 $1,956 5.39%
    43% 15 $2,595,000 $173,000 $2,746 4.43%
    >60% 12 $4,350,000 $362,500 $2,281 5.24%
    44% 10 $1,340,000 $134,000 $3,041 4.46%
    50-60% 9 $3,375,000 $375,000 $2,415 5.43%
    42% 7 $1,355,000 $193,571 $3,218 4.61%
    47% 6 $1,150,000 $191,667 $2,339 4.06%
    45% 5 $905,000 $181,000 $2,573 4.63%
    46% 4 $790,000 $197,500 $2,236 4.59%
    48% 3 $445,000 $148,333 $2,301 4.42%
    49% 3 $345,000 $115,000 $2,328 5.08%

    Lake City Bank lent most frequently to those with DTI ratios of <20%, with 662 originations. The next most common DTI ratio? 20-30%, with 625 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 1,994 $216,700,000 $108,676 $2,685 5.31%
    Not applicable 81 $154,475,000 $1,907,099 $0 5.50%
    Not provided 110 $14,990,000 $136,273 $2,799 5.46%
    Black 11 $905,000 $82,273 $2,529 5.31%
    Asian 8 $780,000 $97,500 $1,836 6.33%
    Asian Indian 2 $230,000 $115,000 $2,128 4.44%
    American Indian 3 $145,000 $48,333 $1,196 5.25%

    Approval Rates

    Total approvals of all applications
    89.24%

    Lake City Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    82.66%

    Lake City Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 2,209 $388,225,000 $175,747

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Manufactured 3 $1,465,000 $488,333
    Multifamily:Site-Built 38 $137,560,000 $3,620,000
    Single Family (1-4 Units):Manufactured 46 $3,790,000 $82,391
    Single Family (1-4 Units):Site-Built 2,122 $245,410,000 $115,650

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 570 $50,730,000 $89,000 $2,388 5.59%
    40-60% 337 $104,555,000 $310,252 $2,554 5.19%
    60-80% 424 $124,740,000 $294,198 $2,842 4.72%
    80-100% 214 $72,570,000 $339,112 $2,585 4.66%
    Over 100% 6 $11,960,000 $1,993,333 $0 6.15%
    Under 20% 652 $22,990,000 $35,261 $1,995 5.77%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Lake City Bank 114 West Rochester Street Akron, IN 46910 Full Service B&M $27,699
    Lake City Bank 100 North Michigan Street Argos, IN 46501 Full Service B&M $14,181
    Lake City Bank 100 W 96th St Indianapolis, IN 46260 Full Service B&M $368,554
    Lake City Bank 101 N Michigan St South Bend, IN 46601 Full Service B&M $97,186
    Lake City Bank 101 West Ohio Street Indianapolis, IN 46204 Full Service B&M $894
    Lake City Bank 102 East Main Street Silver Lake, IN 46982 Full Service B&M $40,069
    Lake City Bank 10411 Maysville Road Fort Wayne, IN 46835 Full Service B&M $106,269
    Lake City Bank 10429 Illinois Road, Aboite Township Fort Wayne, IN 46804 Full Service B&M $74,873
    Lake City Bank 108 South First Street Pierceton, IN 46562 Full Service B&M $25,076
    Lake City Bank 119 South Third Street Goshen, IN 46526 Full Service B&M $219,641
    Lake City Bank 1206 North Nappanee Elkhart, IN 46516 Full Service B&M $25,051
    Lake City Bank 1220 East 7th Street Auburn, IN 46706 Full Service B&M $127,234
    Lake City Bank 1221 West Lake Street Warsaw, IN 46580 Full Service B&M $17,641
    Lake City Bank 12830 State Road 23 Granger, IN 46530 Full Service B&M $41,920
    Lake City Bank 13104 Fishers Makretplace Dr Fishers, IN 46038 Full Service B&M $26,233
    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 $74,144
    Lake City Bank 1501 North Jefferson Huntington, IN 46750 Full Service B&M $36,047
    Lake City Bank 1600 State Road 331 Bremen, IN 46506 Full Service B&M $39,840
    Lake City Bank 202 East Center Street Warsaw, IN 46580 Full Service B&M $588,460
    Lake City Bank 202 East Main Street Mentone, IN 46539 Full Service B&M $47,483
    Lake City Bank 202 West Market Street Nappanee, IN 46550 Full Service B&M $106,401
    Lake City Bank 205 East Main Street Medaryville, IN 47957 Full Service B&M $21,603
    Lake City Bank 21113 Cleveland Road South Bend, IN 46628 Full Service B&M $22,573
    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 $54,754
    Lake City Bank 222 South Cavin Street Ligonier, IN 46767 Full Service B&M $30,723
    Lake City Bank 2513 South Main Street Goshen, IN 46526 Full Service B&M $60,567
    Lake City Bank 302 East Dupont Road Fort Wayne, IN 46825 Full Service B&M $172,245
    Lake City Bank 311 West Syracuse Street Milford, IN 46542 Full Service B&M $31,366
    Lake City Bank 3601 Commerce Drive Warsaw, IN 46580 Full Service B&M $38,243
    Lake City Bank 3805 East 82nd Street Indianapolis, IN 46240 Full Service B&M $46,263
    Lake City Bank 420 Chevy Way Warsaw, IN 46581 Full Service B&M $46,164
    Lake City Bank 4202 Elkhart Road Goshen, IN 46526 Full Service B&M $35,709
    Lake City Bank 5015 Main Street Mishawaka, IN 46544 Full Service B&M $233,914
    Lake City Bank 502 South Huntington Street Syracuse, IN 46567 Full Service B&M $87,174
    Lake City Bank 507 East Ninth Street Rochester, IN 46975 Full Service B&M $62,652
    Lake City Bank 58404 State Road 19 Elkhart, IN 46516 Full Service B&M $35,839
    Lake City Bank 631 Professional Way Kendallville, IN 46755 Full Service B&M $45,530
    Lake City Bank 644 North Main Street North Webster, IN 46555 Full Service B&M $42,575
    Lake City Bank 6851 W Jefferson Blvd Fort Wayne, IN 46804 Full Service B&M $422,767
    Lake City Bank 705 S State Road 135 Greenwood, IN 46143 Full Service B&M $30,010
    Lake City Bank 712 Wayne Avenue Middlebury, IN 46540 Full Service B&M $42,983
    Lake City Bank 818 S. Harrison Street Fort Wayne, IN 46802 Full Service B&M $118,166
    Lake City Bank 826 East Jefferson Street Plymouth, IN 46563 Full Service B&M $76,663
    Lake City Bank 864 East Beardsley Avenue Elkhart, IN 46516 Full Service B&M $130,247
    Lake City Bank 895 North Van Buren Street Shipshewana, IN 46565 Full Service B&M $54,587
    Lake City Bank 901 South Detroit Street Lagrange, IN 46761 Full Service B&M $60,711
    Lake City Bank 9640 North Michigan Road Carmel, IN 46032 Full Service B&M $10,761
    Lake City Bank 99 Chestnut Avenue Winona Lake, IN 46590 Full Service B&M $35,421
    Lake City Bank Sr 9 And U.S. 30 Columbia City, IN 46725 Full Service B&M $66,974
    Lake City Bank Www.Lakecitybank.Com Warsaw, IN 46581 Limited, Administrative $0

    For 2019, Lake City Bank had 52 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $215,852
    Net interest income $157,409
    Total noninterest income $44,113
    Gross Fiduciary activities income $6,835
    Service charges on deposit accounts $15,311
    Trading account gains and fees $0
    Additional Noninterest Income $21,967
    Pre-tax net operating income $112,569
    Securities gains (or losses, -) $175
    Income before extraordinary items $90,163
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $90,163
    Minority interest net income $13
    Net income $90,150
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $90,023

    Lake City Bank's gross interest income from loans was $215,852,000.
    Lake City Bank's net interest income from loans was $157,409,000.
    Lake City Bank's fee based income from loans was $15,311,000.
    Lake City Bank's net income from loans was $90,150,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $58,443
    Provision for credit losses $3,235
    Total noninterest expense $85,718
    Salaries and employee benefits $45,247
    Premises and equipment expense $10,816
    Additional noninterest expense $29,655
    Applicable income taxes $22,581
    Net charge-offs $1,036
    Cash dividends $57,842

    Lake City Bank's interest expense for loans was $58,443,000.
    Lake City Bank's payroll and benefits expense were $45,247,000.
    Lake City Bank's property, plant and equipment expenses $10,816,000.

    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 $4,135,581
    Deposits held in domestic offices $4,135,581
    Deposits by Individuals, partnerships, and corporations $2,994,466
    Deposits by U.S. Government $39
    Deposits by States and political subdivisions in the U.S. $1,127,107
    Deposits by Commercial banks and other depository institutions in U.S. $13,969
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $507,866
    Demand deposits $329,630
    Nontransaction accounts $3,627,715
    Money market deposit accounts (MMDAs) $2,201,140
    Other savings deposits (excluding MMDAs) $234,508
    Total time deposits $1,192,067
    Total time and savings deposits $3,805,951
    Noninterest-bearing deposits $985,069
    Interest-bearing deposits $3,150,512
    Retail deposits $3,517,252
    IRAs and Keogh plan accounts $63,496
    Brokered deposits $113,527
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $4,934,311
    Cash & Balances due from depository institutions $88,481
    Interest-bearing balances $21,933
    Total securities $609,149
    Federal funds sold & reverse repurchase $3,327
    Net loans and leases $4,019,703
    Loan and leases loss allowance $50,652
    Trading account assets $0
    Bank premises and fixed assets $65,254
    Other real estate owned $316
    Goodwill and other intangibles $8,773
    All other assets $139,308

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $4,934,311
    Total Liabilities $4,351,548
    Total deposits $4,135,581
    Interest-bearing deposits $3,150,512
    Deposits held in domestic offices $4,135,581
    % insured (estimated) $51
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $175,100
    Subordinated debt $0
    All other liabilities $40,867

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $4,019,703
    Loan and leases loss allowance $50,652
    Total loans and leases (domestic) $4,070,355
    All real estate loans $2,227,754
    Real estate loans in domestic offices $2,227,754
    Construction and development loans $299,457
    Residential 1-4 family construction $33,467
    Other construction, all land development and other land $265,990
    Loans secured by nonfarm nonresidential properties $1,144,045
    Nonfarm nonresidential secured by owner-occupied properties $573,358
    Commercial real estate & other non-farm, non-residential $570,687
    Multifamily residential real estate $240,260
    1-4 family residential loans $369,603
    Farmland loans $174,389
    Loans held in foreign offices $0
    Farm loans $205,242
    Commercial and industrial loans $1,426,826
    To non-U.S. addressees $0
    Loans to individuals $98,367
    Credit card loans $0
    Related Plans $33,499
    Consumer Auto Loans $36,269
    Other loans to individuals $28,599
    All other loans & leases $112,166
    Loans to foreign governments and official institutions $0
    Other loans $88,735
    Loans to depository institutions and acceptances of other banks $0
    Loans not secured by real estate $69,274
    Loans secured by real estate to non-U.S. addressees $0
    Restructured Loans & leases $5,909
    Non 1-4 family restructured loans & leases $4,762
    Total loans and leases (foreign) $0

    Lake City Bank had $4,019,703,000 of loans outstanding in 2019. $2,227,754,000 of loans were in real estate loans. $299,457,000 of loans were in development loans. $240,260,000 of loans were in multifamily mortgage loans. $369,603,000 of loans were in 1-4 family mortgage loans. $205,242,000 of loans were in farm loans. $0 of loans were in credit card loans. $36,269,000 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 865 $215,604 $249,253
    Nonfarm, nonresidential loans - <$100k 153 $6,590 $43,072
    Nonfarm, nonresidential loans - $100-250k 226 $27,376 $121,133
    Nonfarm, nonresidential loans - $250k-1MM 486 $181,638 $373,741
    Commercial & Industrial, US addressed loans - <$1MM 3,232 $308,316 $95,395
    Commercial & Industrial, US addressed loans - <$100k 1,894 $47,516 $25,088
    Commercial & Industrial, US addressed loans - $100-250k 647 $66,150 $102,241
    Commercial & Industrial, US addressed loans - $250k-1MM 691 $194,650 $281,693
    Farmland loans - <$1MM 277 $35,396 $127,783
    Farmland loans - <$100k 64 $2,609 $40,766
    Farmland loans - $100-250k 117 $12,640 $108,034
    Farmland loans - $250k-1MM 96 $20,147 $209,865
    Agriculture operations loans - <$1MM 338 $37,693 $111,518
    Agriculture operations loans - <$100k 169 $5,374 $31,799
    Agriculture operations loans - $100-250k 80 $8,570 $107,125
    Agriculture operations loans - $250k-1MM 89 $23,749 $266,843