Lake City Bank Reports Record Quarterly Income
News Release
WARSAW — Lakeland Financial Corporation, the parent company of Lake City Bank, reported a record second-quarter net income of $25.7 million for the three months ended June 30 – an increase of 5%, or $1.3 million.
The company further reported a record net income of $49.3 million for the six months ended June 30, 2022, versus $47.3 million for the comparable period of 2021, an increase of 4%, or $2.0 million.
David M. Findlay, president and chief executive officer, commented, “On May 14, we began a yearlong celebration of Lake City Bank’s 150th anniversary.”
“We are proud of our history as a community bank and our exceptional track record of serving the Indiana communities where we live and work. Our 150th-anniversary celebration will focus on our Lake City Bank team members and those communities and kicked off with a $150,000 donation given in $10,000 increments to the community foundations in the 15 Indiana counties we serve,” he said.