Lake City Bank Reports Record Income
WARSAW — Lakeland Financial Corporation, the parent company of Lake City Bank, this week reported record quarterly net income of $21.7 million for the three months ended June 30, 2019, an increase of 8 percent, versus $20.1 million for the second quarter of 2018.
The Warsaw-based company also reported record net income of $43.4 million for the six months ended June 30, 2019, versus $38.5 million for the comparable period of 2018, an increase of 13 percent.
David Findlay, president and chief executive officer for the company, said, “Our record quarterly results were positively impacted by healthy loan and deposit growth. This balance sheet expansion reflects our continued growth throughout our Indiana footprint.”