Lake City Bank Reports – 874845

Lake City Bank Financial Reports

Quater Ended: 2024-03-31

Lake City Bank is a N/A located in Warsaw, IN. Established on 01/01/1872, the bank is regulated by the FED and has 55 domestic offices. It operates in the Warsaw, IN.

The bank has 628 employees and holds $6,561,893k in total assets. With a focus on community banking, the bank has been serving its customers since 01/01/1872.

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Lake City Bank Institution Profile

Established Date 01/01/1872 Institution Class N/A
Primary Regulator FED Number of Domestic Offices 55
Number of Foreign Offices 1 Number of US Offices 0
Number of Employees 628 Directly owned by another bank (CERT) No
Community Bank Yes ZIP 46580
Ownership Type Not Mutual City Warsaw
State Alpha code IN State and County Number 18085
Subchapter S Corporations No Trust Powers N/A
Federal Reserve ID Number 7 Federal Reserve ID Number Description CHICAGO
Office of The Comptroller District: CENTRAL DISTRICT Office of Thrift Supervision Region Central
Last Structure Change Effective Date 08/31/2022 Date of Deposit Insurance 01/01/1934
Primary Insurance Agency DIF

Institution Profile Overview

Delve into the foundational details of Lake City Bank with our “Institution Profile” table. The 01/01/1872 marks the bank’s inception, providing historical context. Categorized as a N/A, the bank operates under the oversight of FED, ensuring compliance and regulatory adherence.

55 domestic offices reflect the bank’s physical footprint, while insights into ownership type, trust powers, and regulatory affiliations contribute to understanding its operational structure. Details such as Warsaw, IN, and 46580 provide geographic context. Explore these attributes to gain a holistic view of Lake City Bank in the financial landscape.

Lake City Bank Financials

(USD, in thousands)

Total Assets 6,561,893 Total Liabilities 5,921,213
Total Equity Capital 640,680 Total Deposits 5,621,074
Net Loans and Leases 4,926,038 Total Interest Income 91,429
Total Noninterest Income 12,212 Total Interest Expense 43,618
Total Noninterest Expense 29,490 Tier 1 Risk-Based Capital Ratio 14
Net Loans and Leases to Core Deposits 98 Return on Assets 1
Return on Equity 15 Efficiency Ratio 49

Financial Performance Overview

Gain a comprehensive perspective on Lake City Bank’s financial landscape through our “Financials” table. The bank boasts total assets of $6,561,893k, showcasing its substantial scale and influential market presence. A nuanced breakdown reveals insights into the bank’s financial structure and stability, with total liabilities standing at $5,921,213k and total equity capital at $640,680k.

Delve into key operational metrics, including total deposits of $5,621,074k, net loans and leases at $4,926k, and a meticulous analysis of income and expense components. Explore vital ratios such as the Tier 1 Risk-Based Capital Ratio, standing at 14.1069, and Return on Assets at 1.48. These metrics provide valuable insights into the bank’s risk management strategies and overall profitability.

This detailed financial overview is designed to enhance your understanding of Lake City Bank’s performance and competitive positioning within the financial industry.

Lake City Bank Additional Financial Information

(USD, in thousands)

Earnings Coverage of Net Loan Charge-Offs(x) 98 Net Loans and Leases to Core Deposits 98
Tier 1 Risk-Based Capital Ratio 14 Securities Gains (Losses) 8
Goodwill and Other Intangibles N/A Cost of Funding Earning Assets 3
Yield on Earning Assets 6 Total Interest Income 91,429
Applicable Income Taxes 4,897 Loss Allowance to Loans and Leases 1
Net Loans and Leases 4,926,038 Loss Allowance to Noncurrent Loans and Leases 496
Noncurrent Loans to Loans 0 Net Income Attributable to Bank and Noncontrolling Interests 24,124
Net Interest Income 47,811 Net Interest Margin 3
Net Operating Income to Assets 1 Noninterest Income to Average Assets 1
Total Noninterest Income 12,212 Noninterest Expense to Average Assets 2
Total Noninterest Expense 29,490 Net Charge-Offs to Loans and Leases 0
All Other Assets 243,009 Other Real Estate Owned 384
Other borrowed funds 204,542 Pre-tax Net Operating Income 29,013
Pretax Return on Assets 2 Return on Assets 1
Retained Earnings to Average Equity (YTD only) 13

Insights into Financial Metrics

Enhance your understanding of Lake City Bank’s financial standing through our “Additional Financial Information” table. Explore key metrics such as Net Loans and Leases: $4,926,038k and Net Interest Income $47,811k to gain valuable insights into the bank’s core operations and revenue streams. Assess the Tier 1 Risk-Based Capital Ratio: 14.1069 for in-depth insights into capital adequacy and risk management strategies.

Delve into the intricacies of Net Charge-Offs to Loans and Leases: 0.03 to evaluate the bank’s asset quality and risk mitigation efforts. Examine the composition of income through Total Noninterest Income:$12,212k and evaluate operational efficiency using metrics like Efficiency Ratio: 49.13. This nuanced financial overview empowers a comprehensive analysis of Lake City Bank’s strategic financial position and performance in the industry.

This table provides key financial information about Lake City Bank. Get more data about Lake City Bank on Visbanking Report Portal.