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 loans. Lake City Bank has a high proportion of conventional loans. Their top markets by origination volume include: Warsaw, Fort Wayne, Elkhart, Indianapolis, and South Bend among others. We have data for 34 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Lake City Bank has an above 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

    2,267

    Origination Dollar Volume (All Markets)

    $436,465,000

    Employee count

    585

    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) 527 $84,015,000 $159,421 $2,759 3.70%
    Outside of Metro Areas 243 $62,165,000 $255,823 $2,711 3.63%
    FORT WAYNE, IN (FHA|USDA|VA) 319 $57,615,000 $180,611 $3,015 3.82%
    ELKHART-GOSHEN, IN (FHA|USDA|VA) 352 $43,930,000 $124,801 $2,997 3.70%
    INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 216 $41,790,000 $193,472 $3,159 3.81%
    SOUTH BEND-MISHAWAKA, IN-MI (FHA|USDA|VA) 177 $37,675,000 $212,853 $2,942 3.65%
    MICHIGAN CITY-LA PORTE, IN (FHA|USDA|VA) 5 $23,005,000 $4,601,000 $2,643 3.82%
    Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 15 $17,255,000 $1,150,333 $2,350 3.37%
    Plymouth, IN (FHA|USDA|VA) 147 $15,965,000 $108,605 $2,824 3.70%
    Kendallville, IN (FHA|USDA|VA) 120 $9,730,000 $81,083 $2,471 3.70%
    Auburn, IN (FHA|USDA|VA) 41 $8,705,000 $212,317 $3,556 3.62%
    KALAMAZOO-PORTAGE, MI (FHA|USDA|VA) 2 $8,360,000 $4,180,000 $0 3.63%
    LAFAYETTE-WEST LAFAYETTE, IN (FHA|USDA|VA) 2 $6,080,000 $3,040,000 $1,636 3.38%
    Angola, IN (FHA|USDA|VA) 22 $3,490,000 $158,636 $2,243 3.70%
    North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 4 $3,110,000 $777,500 $5,111 3.06%
    CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 1 $1,995,000 $1,995,000 $4,430 3.50%
    NILES, MI (FHA|USDA|VA) 8 $1,780,000 $222,500 $3,247 3.69%
    Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 2 $1,660,000 $830,000 $7,026 3.38%
    Wabash, IN (FHA|USDA|VA) 17 $1,495,000 $87,941 $2,995 3.59%
    PORT ST. LUCIE, FL (FHA|USDA|VA) 1 $1,365,000 $1,365,000 $8,869 3.63%
    Sturgis, MI (FHA|USDA|VA) 10 $1,320,000 $132,000 $4,243 3.51%
    Huntington, IN (FHA|USDA|VA) 16 $930,000 $58,125 $2,194 3.67%
    COLUMBUS, OH (FHA|USDA|VA) 1 $505,000 $505,000 $7,555 3.00%
    BLOOMINGTON, IN (FHA|USDA|VA) 2 $460,000 $230,000 $2,567 3.69%
    CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 1 $425,000 $425,000 $0 3.25%
    Coldwater, MI (FHA|USDA|VA) 3 $385,000 $128,333 $0 3.92%
    CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 1 $315,000 $315,000 $3,414 3.75%
    Decatur, IN (FHA|USDA|VA) 3 $265,000 $88,333 $3,216 3.33%
    Peru, IN (FHA|USDA|VA) 3 $215,000 $71,667 $2,455 3.46%
    DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 1 $185,000 $185,000 $3,656 3.00%
    Logansport, IN (FHA|USDA|VA) 2 $140,000 $70,000 $1,917 3.88%
    Defiance, OH (FHA|USDA|VA) 1 $85,000 $85,000 $2,445 3.00%
    COLUMBUS, IN (FHA|USDA|VA) 1 $35,000 $35,000 $0 4.50%
    Marion, IN (FHA|USDA|VA) 1 $15,000 $15,000 $0 3.50%
    Lake City Bank's top markets include Warsaw, Fort Wayne, Elkhart, Indianapolis, and South Bend among others.

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

    Chiphone Federal Credit Union
    Similarity Rank: 96
    Circle Federal Credit Union
    Similarity Rank: 240
    Fire Police City County Federal Credit Union
    Similarity Rank: 315
    Hendricks County Bank and Trust Company
    Similarity Rank: 376
    MIDWEST AMERICA
    Similarity Rank: 380
    Independent Federal Credit Union
    Similarity Rank: 441
    Madison County Federal Credit Union
    Similarity Rank: 488
    OAK MORTGAGE, LLC
    Similarity Rank: 644
    ProFed Federal Credit Union
    Similarity Rank: 696
    Security Federal Savings Bank
    Similarity Rank: 750

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    HELOC 1,458 $172,200,000 $118,107 n/a 3.92%
    Conventional 809 $264,265,000 $326,656 $2,905 3.33%

    For 2020, Lake City Bank's most frequently originated type of loan was HELOC, with 1,458 originations. Their 2nd most popular type was Conventional, with 809 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 853 $212,715,000 $249,373 $2,511 3.62%
    Other 621 $54,965,000 $88,510 $3,416 3.97%
    Cash Out Refi 514 $85,520,000 $166,381 $3,388 3.58%
    Home Purchase 252 $81,690,000 $324,167 $2,865 3.59%
    Home Improvement 27 $1,575,000 $58,333 $2,514 3.95%

    For 2020, Lake City Bank's most frequently cited loan purpose was Refi, with 853 originations. The 2nd most popular reason was Other, with 621 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 1,474 $198,480,000 $134,654 $2,660 3.92%
    30 Year 357 $84,005,000 $235,308 $3,043 3.43%
    15 Year 270 $48,270,000 $178,778 $2,592 2.96%
    20 Year 79 $16,795,000 $212,595 $3,033 3.26%
    5 Year 41 $48,955,000 $1,194,024 $0 4.19%
    30+ year 19 $7,895,000 $415,526 $4,666 4.05%
    10 Year 18 $28,190,000 $1,566,111 $2,149 3.40%
    1 Year 6 $1,530,000 $255,000 $0 4.75%
    3 Year 3 $2,345,000 $781,667 $0 4.58%

    For 2020, Lake City Bank's most frequently cited loan duration was Other, with 1,474 originations. The 2nd most popular length was 30 Year, with 357 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 336 $81,550,000 $242,708
    $1k-2k 241 $35,895,000 $148,942
    $2k-3k 104 $24,750,000 $237,981
    $3k-4k 39 $9,365,000 $240,128
    $4k-5k 11 $4,695,000 $426,818
    $5k+ 8 $2,300,000 $287,500

    Lake City Bank's average total fees were $3,043, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 336 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 1,509 $303,485,000 $201,117
    4-5% 410 $65,840,000 $160,585
    2.5-3% 276 $52,780,000 $191,232
    5-6% 32 $3,390,000 $105,938
    7-8% 18 $810,000 $45,000
    <2.5% 14 $9,650,000 $689,286
    Over 8% 5 $335,000 $67,000
    6-7% 3 $175,000 $58,333

    During 2020, Lake City Bank's average interest rate for loans was 3.43%, while their most frequently originated rate bucket for loans was 3-4%, with 1,509 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 1,193 $54,935,000 $46,048 $2,360 3.86%
    $100k-200k 607 $85,275,000 $140,486 $2,692 3.53%
    $200k-400k 333 $87,855,000 $263,829 $3,241 3.53%
    $400k-600k 76 $35,600,000 $468,421 $4,120 3.52%
    $1MM+ 38 $157,730,000 $4,150,789 $5,103 3.80%
    $600k-1MM 20 $15,070,000 $753,500 $2,628 3.65%

    2020 saw Lake City Bank place emphasis on $100,000 or less loans with 1,193 originations, totaling $54,935,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 523 $48,145,000 $92,055 $2,805 3.70%
    $100k-150k 434 $54,410,000 $125,369 $2,976 3.69%
    $75k-100k 371 $39,365,000 $106,105 $2,938 3.73%
    $50k or less 368 $23,280,000 $63,261 $2,463 3.67%
    $150k-250k 215 $41,565,000 $193,326 $3,242 3.71%
    $250k+ 206 $76,700,000 $372,330 $3,617 3.70%

    Lake City Bank lent most frequently to those with incomes in the $50k-75k range, with 523 originations. The second most popular income band? $100k-150k, with 434 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    <20% 706 $88,190,000 $124,915 $2,832 3.63%
    20-30% 609 $72,755,000 $119,466 $2,899 3.66%
    30-36% 348 $44,120,000 $126,782 $2,926 3.77%
    41% 105 $12,575,000 $119,762 $3,223 3.80%
    36% 71 $8,485,000 $119,507 $2,803 3.77%
    37% 66 $11,540,000 $174,848 $2,850 3.68%
    39% 64 $9,660,000 $150,938 $2,837 3.82%
    40% 55 $8,655,000 $157,364 $3,075 3.69%
    38% 52 $7,750,000 $149,038 $3,026 3.80%
    >60% 15 $6,875,000 $458,333 $2,937 3.90%
    42% 15 $2,355,000 $157,000 $3,422 3.62%
    45% 14 $3,210,000 $229,286 $3,016 3.46%
    50-60% 13 $2,685,000 $206,538 $3,106 3.74%
    43% 10 $1,200,000 $120,000 $2,942 3.56%
    44% 9 $2,815,000 $312,778 $3,119 3.38%
    46% 8 $1,390,000 $173,750 $2,739 3.14%
    47% 5 $915,000 $183,000 $2,720 3.10%
    48% 4 $1,120,000 $280,000 $3,635 3.34%
    49% 4 $560,000 $140,000 $2,009 3.19%

    Lake City Bank lent most frequently to those with DTI ratios of <20%, with 706 originations. The next most common DTI ratio? 20-30%, with 609 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 2,017 $272,895,000 $135,297 $2,911 3.69%
    Not applicable 71 $141,965,000 $1,999,507 $0 4.21%
    Not provided 154 $17,550,000 $113,961 $2,819 3.69%
    Asian 9 $2,345,000 $260,556 $2,670 3.56%
    American Indian 7 $1,005,000 $143,571 $2,601 3.88%
    Black 9 $705,000 $78,333 $3,524 4.06%

    Approval Rates

    Total approvals of all applications
    90.26%

    Lake City Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    71.99%

    Lake City Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 2,267 $436,465,000 $192,530

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Manufactured 5 $30,805,000 $6,161,000
    Multifamily:Site-Built 29 $92,815,000 $3,200,517
    Single Family (1-4 Units):Manufactured 30 $1,810,000 $60,333
    Single Family (1-4 Units):Site-Built 2,203 $311,035,000 $141,187

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 488 $46,990,000 $96,291 $2,480 3.81%
    40-60% 388 $63,550,000 $163,789 $2,576 3.57%
    60-80% 535 $185,795,000 $347,280 $3,168 3.48%
    80-100% 223 $75,415,000 $338,184 $2,868 3.54%
    Over 100% 4 $10,250,000 $2,562,500 $0 4.15%
    Under 20% 623 $53,555,000 $85,963 $2,620 3.96%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Lake City Bank 100 North Michigan Street Argos, IN 46501 Full Service B&M $14,177
    Lake City Bank 100 W 96th St Indianapolis, IN 46260 Full Service B&M $421,051
    Lake City Bank 101 N Michigan St South Bend, IN 46601 Full Service B&M $111,794
    Lake City Bank 101 West Ohio Street Indianapolis, IN 46204 Full Service B&M $10,562
    Lake City Bank 102 East Main Street Silver Lake, IN 46982 Full Service B&M $34,401
    Lake City Bank 10411 Maysville Road Fort Wayne, IN 46835 Full Service B&M $144,010
    Lake City Bank 10429 Illinois Road, Aboite Township Fort Wayne, IN 46804 Full Service B&M $86,601
    Lake City Bank 108 South First Street Pierceton, IN 46562 Full Service B&M $29,558
    Lake City Bank 114 West Rochester Street Akron, IN 46910 Full Service B&M $29,399
    Lake City Bank 119 South Third Street Goshen, IN 46526 Full Service B&M $232,001
    Lake City Bank 1206 North Nappanee Elkhart, IN 46516 Full Service B&M $27,045
    Lake City Bank 1220 East 7th Street Auburn, IN 46706 Full Service B&M $157,846
    Lake City Bank 1221 West Lake Street Warsaw, IN 46580 Full Service B&M $20,342
    Lake City Bank 12830 State Road 23 Granger, IN 46530 Full Service B&M $48,579
    Lake City Bank 13104 Fishers Makretplace Dr Fishers, IN 46038 Full Service B&M $34,108
    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 $61,301
    Lake City Bank 1501 North Jefferson Huntington, IN 46750 Full Service B&M $33,929
    Lake City Bank 1600 State Road 331 Bremen, IN 46506 Full Service B&M $42,787
    Lake City Bank 202 East Center Street Warsaw, IN 46580 Full Service B&M $552,630
    Lake City Bank 202 East Main Street Mentone, IN 46539 Full Service B&M $47,118
    Lake City Bank 202 South Higbee Street Milford, IN 46542 Full Service B&M $43,550
    Lake City Bank 202 West Market Street Nappanee, IN 46550 Full Service B&M $133,084
    Lake City Bank 205 East Main Street Medaryville, IN 47957 Full Service B&M $22,530
    Lake City Bank 21113 Cleveland Road South Bend, IN 46628 Full Service B&M $31,217
    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 $61,684
    Lake City Bank 222 South Cavin Street Ligonier, IN 46767 Full Service B&M $37,144
    Lake City Bank 2513 South Main Street Goshen, IN 46526 Full Service B&M $71,170
    Lake City Bank 302 East Dupont Road Fort Wayne, IN 46825 Full Service B&M $235,439
    Lake City Bank 3601 Commerce Drive Warsaw, IN 46580 Full Service B&M $42,978
    Lake City Bank 3805 East 82nd Street Indianapolis, IN 46240 Full Service B&M $32,419
    Lake City Bank 420 Chevy Way Warsaw, IN 46581 Full Service B&M $49,745
    Lake City Bank 4202 Elkhart Road Goshen, IN 46526 Full Service B&M $42,263
    Lake City Bank 5015 Main Street Mishawaka, IN 46544 Full Service B&M $251,252
    Lake City Bank 502 South Huntington Street Syracuse, IN 46567 Full Service B&M $99,711
    Lake City Bank 507 East Ninth Street Rochester, IN 46975 Full Service B&M $87,330
    Lake City Bank 58404 State Road 19 Elkhart, IN 46516 Full Service B&M $43,199
    Lake City Bank 631 Professional Way Kendallville, IN 46755 Full Service B&M $51,229
    Lake City Bank 644 North Main Street North Webster, IN 46555 Full Service B&M $49,419
    Lake City Bank 6851 W Jefferson Blvd Fort Wayne, IN 46804 Full Service B&M $411,191
    Lake City Bank 705 S State Road 135 Greenwood, IN 46143 Full Service B&M $28,917
    Lake City Bank 712 Wayne Avenue Middlebury, IN 46540 Full Service B&M $49,110
    Lake City Bank 818 S. Harrison Street Fort Wayne, IN 46802 Full Service B&M $126,416
    Lake City Bank 826 East Jefferson Street Plymouth, IN 46563 Full Service B&M $90,713
    Lake City Bank 864 East Beardsley Avenue Elkhart, IN 46516 Full Service B&M $163,019
    Lake City Bank 895 North Van Buren Street Shipshewana, IN 46565 Full Service B&M $57,135
    Lake City Bank 901 South Detroit Street Lagrange, IN 46761 Full Service B&M $63,430
    Lake City Bank 9640 North Michigan Road Carmel, IN 46032 Full Service B&M $11,463
    Lake City Bank 99 Chestnut Avenue Winona Lake, IN 46590 Full Service B&M $45,059
    Lake City Bank Sr 9 And U.S. 30 Columbia City, IN 46725 Full Service B&M $80,711
    Lake City Bank Www.Lakecitybank.Com Warsaw, IN 46581 Limited, Administrative $0

    For 2020, Lake City Bank had 52 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $193,634
    Net interest income $163,685
    Total noninterest income $46,299
    Gross Fiduciary activities income $7,468
    Service charges on deposit accounts $9,738
    Trading account gains and fees $0
    Additional Noninterest Income $29,093
    Pre-tax net operating income $106,316
    Securities gains (or losses, -) $416
    Income before extraordinary items $86,140
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $86,140
    Minority interest net income $13
    Net income $86,127
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $85,803

    Lake City Bank's gross interest income from loans was $193,634,000.
    Lake City Bank's net interest income from loans was $163,685,000.
    Lake City Bank's fee based income from loans was $9,738,000.
    Lake City Bank's net income from loans was $86,127,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $29,949
    Provision for credit losses $14,770
    Total noninterest expense $88,898
    Salaries and employee benefits $47,737
    Premises and equipment expense $11,617
    Additional noninterest expense $29,544
    Applicable income taxes $20,592
    Net charge-offs $4,014
    Cash dividends $32,079

    Lake City Bank's interest expense for loans was $29,949,000.
    Lake City Bank's payroll and benefits expense were $47,737,000.
    Lake City Bank's property, plant and equipment expenses $11,617,000.

    Loan Performance

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

    Deposits

    Type Value (in 000's)
    Total deposits $5,037,372
    Deposits held in domestic offices $5,037,372
    Deposits by Individuals, partnerships, and corporations $3,872,613
    Deposits by U.S. Government $29
    Deposits by States and political subdivisions in the U.S. $1,159,712
    Deposits by Commercial banks and other depository institutions in U.S. $5,018
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $655,795
    Demand deposits $480,828
    Nontransaction accounts $4,381,577
    Money market deposit accounts (MMDAs) $3,044,056
    Other savings deposits (excluding MMDAs) $312,702
    Total time deposits $1,024,818
    Total time and savings deposits $4,556,544
    Noninterest-bearing deposits $1,538,898
    Interest-bearing deposits $3,498,474
    Retail deposits $4,523,472
    IRAs and Keogh plan accounts $60,641
    Brokered deposits $15,002
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $5,822,227
    Cash & Balances due from depository institutions $239,441
    Interest-bearing balances $167,075
    Total securities $735,765
    Federal funds sold & reverse repurchase $2,199
    Net loans and leases $4,598,966
    Loan and leases loss allowance $61,408
    Trading account assets $0
    Bank premises and fixed assets $63,974
    Other real estate owned $316
    Goodwill and other intangibles $8,461
    All other assets $173,105

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $5,822,227
    Total Liabilities $5,169,731
    Total deposits $5,037,372
    Interest-bearing deposits $3,498,474
    Deposits held in domestic offices $5,037,372
    % insured (estimated) $47
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $79,675
    Subordinated debt $0
    All other liabilities $52,684

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $4,598,966
    Loan and leases loss allowance $61,408
    Total loans and leases (domestic) $4,660,374
    All real estate loans $2,443,853
    Real estate loans in domestic offices $2,443,853
    Construction and development loans $373,626
    Residential 1-4 family construction $38,766
    Other construction, all land development and other land $334,860
    Loans secured by nonfarm nonresidential properties $1,226,625
    Nonfarm nonresidential secured by owner-occupied properties $647,575
    Commercial real estate & other non-farm, non-residential $579,050
    Multifamily residential real estate $304,284
    1-4 family residential loans $343,955
    Farmland loans $195,363
    Loans held in foreign offices $0
    Farm loans $234,298
    Commercial and industrial loans $1,784,925
    To non-U.S. addressees $0
    Loans to individuals $103,386
    Credit card loans $0
    Related Plans $32,511
    Consumer Auto Loans $30,592
    Other loans to individuals $40,283
    All other loans & leases $93,912
    Loans to foreign governments and official institutions $0
    Other loans $80,853
    Loans to depository institutions and acceptances of other banks $0
    Loans not secured by real estate $63,731
    Loans secured by real estate to non-U.S. addressees $0
    Restructured Loans & leases $5,236
    Non 1-4 family restructured loans & leases $4,156
    Total loans and leases (foreign) $0

    Lake City Bank had $4,598,966,000 of loans outstanding in 2020. $2,443,853,000 of loans were in real estate loans. $373,626,000 of loans were in development loans. $304,284,000 of loans were in multifamily mortgage loans. $343,955,000 of loans were in 1-4 family mortgage loans. $234,298,000 of loans were in farm loans. $0 of loans were in credit card loans. $30,592,000 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 830 $208,891 $251,676
    Nonfarm, nonresidential loans - <$100k 143 $5,779 $40,413
    Nonfarm, nonresidential loans - $100-250k 218 $26,737 $122,647
    Nonfarm, nonresidential loans - $250k-1MM 469 $176,375 $376,066
    Commercial & Industrial, US addressed loans - <$1MM 4,607 $414,895 $90,058
    Commercial & Industrial, US addressed loans - <$100k 2,854 $76,194 $26,697
    Commercial & Industrial, US addressed loans - $100-250k 898 $93,544 $104,169
    Commercial & Industrial, US addressed loans - $250k-1MM 855 $245,157 $286,733
    Farmland loans - <$1MM 254 $31,532 $124,142
    Farmland loans - <$100k 58 $2,393 $41,259
    Farmland loans - $100-250k 102 $10,685 $104,755
    Farmland loans - $250k-1MM 94 $18,454 $196,319
    Agriculture operations loans - <$1MM 323 $32,111 $99,415
    Agriculture operations loans - <$100k 161 $4,275 $26,553
    Agriculture operations loans - $100-250k 79 $8,444 $106,886
    Agriculture operations loans - $250k-1MM 83 $19,392 $233,639