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Profile - Lakeland Financial Corp. (NasdaqNM:LKFN)
As of 31-Aug-2001
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More Info: Quote | Chart | News | Profile | Research | Msgs | Insider
Recent Events
Aug  7Price hit new 52-week high ($17.00)
July 25Dividend payment of $0.15
Location
202 East Center Street, P.O. Box 1387
Warsaw, IN 46581
Phone: (219) 267-6144
Fax: (219) 267-6063
Employees (last reported count): 435
Financial Links
 ·Top Institutional Holders
 ·Top Mutual Fund Holders
 ·Historical Quote Data
 ·Raw SEC Filings at sec.gov
Competitors:
 ·Sector: Financial
 ·Industry: Regional Banks
Related Links
 ·Search Yahoo! for related links...
Ownership
·Insider and 5%+ Owners: 19%
·Over the last 6 months:
 · 2 insider buys; 2,000  shares (0.2% of insider shares)
·Institutional: 11% (14% of float)
(16 institutions)
·Net Inst. Buying: 51.0K shares (+7.43%)
(prior quarter to latest quarter)
More From Market Guide
 ·Highlights
 ·Performance
 ·Ratio Comparisons
Business Summary
Lakeland Financial Corp. is a bank holding company that owns all of the outstanding stock of Lake City Bank, Warsaw, Indiana (the Bank), a full-service commercial bank, and Lakeland Capital Trust, a statutory business trust. The Bank has a wholly owned subsidiary, LCB Investments Limited, a company that manages a portion of the Bank's investment portfolio. The Company, through the Bank, is engaged in all phases of commercial banking, including checking accounts, savings accounts, time deposits, the sale of securities under agreements to repurchase, brokerage services, commercial and agricultural lending, direct and indirect consumer lending, real estate mortgage lending, safe deposit box services, trust and investment services. The Federal Deposit Insurance Corporation insures the Bank's deposits to the full extent permissible by law. The Bank's main banking office is in Warsaw, Indiana. As of December 31, 2000, the Bank had 43 offices in 15 counties throughout north-central Indiana.
More from Market Guide: Expanded Business Description

Financial Summary
Lakeland Financial Corp. is a bank holding company for Lake City Bank, a state chartered bank with 44 offices located throughout north central Indiana. For the six months ended 6/30/01, total interest income rose 4% to $40.1 million. Net interest income after loan loss prov. rose 2% to $17 million. Net income fell 4% to $4.5 million. Results relect an increase in interest-earning assets, offset by higher interest expense on deposits and increased personnel-related expenses.
More from Market Guide: Significant Developments

Officers[Insider Trade Data]
FY2000 Pay

R. Douglas Grant, 67
Chairman
--  
Michael Kubacki, 49
Pres, CEO
$324K
David Findlay, 39
CFO, Exec. VP
--  
Robert Condon, 59
Exec. VP
122K
Kevin Deardorff, 39
Exec. VP, Retail Banking
--  
Dollar amounts are as of 31-Dec-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc..
More from Market Guide on Officers & Directors:
Expanded List, Bios, Compensation, Options
Statistics at a Glance -- NasdaqNM:LKFNAs of 31-Aug-2001
Price and Volume
52-Week Low
on 29-Sep-2000
$10.313
Recent Price$16.45 
52-Week High
on 7-Aug-2001
$17.00 
Beta-0.10 
Daily Volume (3-month avg)8,318 
Daily Volume (10-day avg)17.0K
Stock Performance
[one-year price graph]
big chart [1d | 5d | 3m | 6m | 1y | 2y | 5y]
52-Week Change+21.9%
52-Week Change
relative to S&P500
+63.5%
Share-Related Items
Market Capitalization$95.0M
Shares Outstanding5.78M
Float4.70M
Dividends & Splits
Annual Dividend (indicated)$0.60 
Dividend Yield3.65%
Last Split: 2 for 1 on 18-May-1998
Per-Share Data
Book Value (mrq)$12.04 
Earnings (ttm)$1.57 
Earnings (mrq)$0.41 
Sales (ttm)$14.03 
Cash (mrq)$12.63 
Valuation Ratios
Price/Book (mrq)1.37 
Price/Earnings (ttm)10.49 
Price/Sales (ttm)1.17 
Income Statements
Sales (ttm)$81.5M
EBITDAN/A 
Income available to common (ttm)$9.12M
Profitability
Profit Margin (ttm)11.2%
Fiscal Year
Fiscal Year EndsDec 31
Most recent quarter30-June-2001
Management Effectiveness
Return on Assets (ttm)0.82%
Return on Equity (ttm)14.27%
Financial Strength
Current RatioN/A 
Long-Term Debt/Equity (mrq)0 
Total Cash (mrq)$73.0M
Short Interest
As of 8-Aug-2001
Shares Short0 
Shares Short
(Prior Month)
0 
Daily Volume7,000 
See Profile Help for a description of each item above;   K = thousands;   M = millions;   mrq = most-recent quarter;   ttm = trailing twelve months;   (as of 30-June-2001)

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