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
  • Complaints
  • 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, Cash Out Refi, and Home Purchase loans. Lake City Bank has a high proportion of conventional loans. Their top markets by origination volume include: Indianapolis, Warsaw, Elkhart, Fort Wayne, and South Bend among others. We have data for 38 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

    2,464

    Origination Dollar Volume (All Markets)

    $461,790,000

    Employee count

    582 Show all (5) 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
    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.

    Their top states include:
  • Indiana (FHA|USDA|VA)
  • Michigan (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Arizona (FHA|USDA|VA)
  • Missouri (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: 222
    The Riddell National Bank
    Similarity Rank: 252
    Mutual Savings Bank
    Similarity Rank: 264
    BEACON CREDIT UNION
    Similarity Rank: 288
    Circle Federal Credit Union
    Similarity Rank: 364
    Crossroads Bank
    Similarity Rank: 440
    Independent Federal Credit Union
    Similarity Rank: 560
    Farmers State Bank
    Similarity Rank: 612
    Fire Police City County Federal Credit Union
    Similarity Rank: 632
    ProFed Federal Credit Union
    Similarity Rank: 768

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    HELOC 1,624 $162,650,000 $100,154 n/a 3.63%
    Conventional 840 $299,140,000 $356,119 $3,080 2.93%

    For 2021, Lake City Bank's most frequently originated type of loan was HELOC, with 1,624 originations. Their 2nd most popular type was Conventional, with 840 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. 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 2021, Lake City Bank's most frequently cited loan purpose was Other, with 809 originations. The 2nd most popular reason was 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 2021, Lake City Bank's most frequently cited loan duration was 30 Year, with 1,391 originations. The 2nd most popular length was Other, with 642 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost 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 51 $13,085,000 $256,569
    $4k-5k 27 $8,985,000 $332,778
    $5k+ 11 $3,225,000 $293,182

    Lake City Bank's average total fees were $3,195, while their most frequently occuring range of origination fees (closing costs) 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 for loans was 3.46%, while their most frequently originated rate bucket for loans was 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 or Islander 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
    92.34%

    Lake City Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    77.56%

    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 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 108 South First Street Pierceton, IN 46562 Full Service B&M $31,718
    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
    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 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 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

    For 2021, Lake City Bank had 52 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $193,602
    Net interest income $178,478
    Total noninterest income $44,153
    Gross Fiduciary activities income $8,750
    Service charges on deposit accounts $10,262
    Trading account gains and fees $0
    Additional Noninterest Income $25,141
    Pre-tax net operating income $123,251
    Securities gains (or losses, -) $865
    Income before extraordinary items $100,050
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $100,050
    Minority interest net income $13
    Net income $100,037
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $99,349

    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.

    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 $5,736,241
    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