Inside Indiana Busines
WARSAW – Warsaw-based Lakeland Financial Corp., the parent of Lake City Bank, announced a record second-quarter net income of $24.3 million, compared to $19.7 million during the same period a year ago.
The banking company is also reporting a record profit of $47 million for the first six months, compared to $37 million during the previous year.
President and Chief Executive Officer David Findlay said the company is pleased with its strong performance under challenging conditions.
“Our record net income for the quarter and first six months of the year reflects strong organic loan and deposit growth, exceptional management of the Paycheck Protection Program and prudent overall balance sheet management,” said Findlay. “As we transition to the second half of 2021, we look forward to expanding our business development efforts and focusing on growing relationships with clients and prospects.”