2018 Q1 Form 10-Q Financial Statement

#000072199418000027 Filed on May 07, 2018

View on sec.gov

Income Statement

Concept 2018 Q1 2017 Q1
Revenue $46.07M $38.13M
YoY Change 20.83% 14.81%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $1.404M $1.165M
YoY Change 20.52% 16.5%
% of Gross Profit
Operating Expenses
YoY Change
Operating Profit
YoY Change
Interest Expense $9.845M $6.066M
YoY Change 62.3% 31.07%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income $21.60M $20.07M
YoY Change 7.61% 10.04%
Income Tax $3.264M $5.558M
% Of Pretax Income 15.11% 27.69%
Net Earnings $18.34M $14.51M
YoY Change 26.33% 18.2%
Net Earnings / Revenue 39.8% 38.07%
Basic Earnings Per Share $0.73 $0.58
Diluted Earnings Per Share $0.71 $0.57
COMMON SHARES
Basic Shares Outstanding 25.26M 25.15M shares
Diluted Shares Outstanding 25.70M 25.60M shares

Balance Sheet

Concept 2018 Q1 2017 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $167.6M $111.6M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets
YoY Change
LONG-TERM ASSETS
Property, Plant & Equipment $55.70M $53.20M
YoY Change 4.7% 9.47%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets
YoY Change
TOTAL ASSETS
Total Short-Term Assets
Total Long-Term Assets
Total Assets $4.727B $4.319B
YoY Change 9.44% 13.39%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $7.500M $5.900M
YoY Change 27.12% 40.48%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $94.70M $144.8M
YoY Change -34.6% 53.23%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $7.500M $5.900M
YoY Change 27.12% 40.48%
LONG-TERM LIABILITIES
Long-Term Debt $30.90M $30.90M
YoY Change 0.0% 0.0%
Other Long-Term Liabilities $21.00M $20.90M
YoY Change 0.48% -2.79%
Total Long-Term Liabilities $51.90M $51.80M
YoY Change 0.19% -1.15%
TOTAL LIABILITIES
Total Short-Term Liabilities $7.500M $5.900M
Total Long-Term Liabilities $51.90M $51.80M
Total Liabilities $4.254B $3.882B
YoY Change 9.57% 14.11%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares 167.1K shares 163.1K shares
Shareholders Equity $473.3M $437.1M
YoY Change
Total Liabilities & Shareholders Equity $4.727B $4.319B
YoY Change 9.44% 13.39%

Cashflow Statement

Concept 2018 Q1 2017 Q1
OPERATING ACTIVITIES
Net Income $18.34M $14.51M
YoY Change 26.33% 18.2%
Depreciation, Depletion And Amortization $1.404M $1.165M
YoY Change 20.52% 16.5%
Cash From Operating Activities $25.94M $20.76M
YoY Change 24.95% 12.22%
INVESTING ACTIVITIES
Capital Expenditures $678.0K $2.285M
YoY Change -70.33% -21.93%
Acquisitions
YoY Change
Other Investing Activities -$60.50M $2.073M
YoY Change -3018.48%
Cash From Investing Activities -$61.22M -$86.03M
YoY Change -28.83% 137.65%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $185.0K $220.0K
YoY Change -15.91% 11.11%
Debt Paid & Issued, Net $80.03M $175.0M
YoY Change -54.27% 8750000.0%
Cash From Financing Activities 26.65M $9.571M
YoY Change 178.49% -46.23%
NET CHANGE
Cash From Operating Activities 25.94M $20.76M
Cash From Investing Activities -61.22M -$86.03M
Cash From Financing Activities 26.65M $9.571M
Net Change In Cash -8.629M -$55.70M
YoY Change -84.51% -55797.0%
FREE CASH FLOW
Cash From Operating Activities $25.94M $20.76M
Capital Expenditures $678.0K $2.285M
Free Cash Flow $25.26M $18.48M
YoY Change 36.73% 18.63%

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CY2018Q1 us-gaap Available For Sale Securities Debt Maturities After Five Through Ten Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterFiveThroughTenYearsFairValue
33976000 USD
CY2018Q1 us-gaap Available For Sale Securities Debt Maturities After Ten Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterTenYearsFairValue
128522000 USD
CY2018Q1 us-gaap Mortgage Backed Securities Available For Sale Fair Value Disclosure
MortgageBackedSecuritiesAvailableForSaleFairValueDisclosure
371349000 USD
CY2018Q1 us-gaap Proceeds From Sale Of Available For Sale Securities Debt
ProceedsFromSaleOfAvailableForSaleSecuritiesDebt
12322000 USD
CY2017Q1 us-gaap Proceeds From Sale Of Available For Sale Securities Debt
ProceedsFromSaleOfAvailableForSaleSecuritiesDebt
16811000 USD
CY2018Q1 us-gaap Available For Sale Securities Gross Realized Gains
AvailableForSaleSecuritiesGrossRealizedGains
21000 USD
CY2017Q1 us-gaap Available For Sale Securities Gross Realized Gains
AvailableForSaleSecuritiesGrossRealizedGains
197000 USD
CY2018Q1 us-gaap Available For Sale Securities Gross Realized Losses
AvailableForSaleSecuritiesGrossRealizedLosses
27000 USD
CY2017Q1 us-gaap Available For Sale Securities Gross Realized Losses
AvailableForSaleSecuritiesGrossRealizedLosses
194000 USD
CY2018Q1 us-gaap Available For Sale Securities Pledged As Collateral
AvailableForSaleSecuritiesPledgedAsCollateral
184200000 USD
CY2017Q4 us-gaap Available For Sale Securities Pledged As Collateral
AvailableForSaleSecuritiesPledgedAsCollateral
171100000 USD
CY2018Q1 us-gaap Available For Sale Securities Continuous Unrealized Loss Position Less Than Twelve Months Fair Value
AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThanTwelveMonthsFairValue
318935000 USD
CY2017Q4 us-gaap Available For Sale Securities Continuous Unrealized Loss Position Less Than Twelve Months Fair Value
AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThanTwelveMonthsFairValue
177277000 USD
CY2018Q1 us-gaap Available For Sale Securities Continuous Unrealized Loss Position Twelve Months Or Longer Fair Value
AvailableForSaleSecuritiesContinuousUnrealizedLossPositionTwelveMonthsOrLongerFairValue
107254000 USD
CY2017Q4 us-gaap Available For Sale Securities Continuous Unrealized Loss Position Twelve Months Or Longer Fair Value
AvailableForSaleSecuritiesContinuousUnrealizedLossPositionTwelveMonthsOrLongerFairValue
111345000 USD
CY2018Q1 us-gaap Available For Sale Securities Continuous Unrealized Loss Position Fair Value
AvailableForSaleSecuritiesContinuousUnrealizedLossPositionFairValue
426189000 USD
CY2017Q4 us-gaap Available For Sale Securities Continuous Unrealized Loss Position Fair Value
AvailableForSaleSecuritiesContinuousUnrealizedLossPositionFairValue
288622000 USD
CY2018Q1 us-gaap Available For Sale Securities Continuous Unrealized Loss Position Less Than12 Months Accumulated Loss
AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss
5877000 USD
CY2017Q4 us-gaap Available For Sale Securities Continuous Unrealized Loss Position Less Than12 Months Accumulated Loss
AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss
1537000 USD
CY2018Q1 us-gaap Available For Sale Securities Continuous Unrealized Loss Position Accumulated Loss
AvailableForSaleSecuritiesContinuousUnrealizedLossPositionAccumulatedLoss
10499000 USD
CY2017Q4 us-gaap Available For Sale Securities Continuous Unrealized Loss Position Accumulated Loss
AvailableForSaleSecuritiesContinuousUnrealizedLossPositionAccumulatedLoss
4092000 USD
CY2018Q1 lkfn Number Of Available For Sale Securities In Unrealized Loss Positions Qualitative Disclosurem Number Of Positions Less Than12 Months
NumberOfAvailableForSaleSecuritiesInUnrealizedLossPositionsQualitativeDisclosuremNumberOfPositionsLessThan12Months
155 pure
CY2017Q4 lkfn Number Of Available For Sale Securities In Unrealized Loss Positions Qualitative Disclosurem Number Of Positions Less Than12 Months
NumberOfAvailableForSaleSecuritiesInUnrealizedLossPositionsQualitativeDisclosuremNumberOfPositionsLessThan12Months
69 pure
CY2018Q1 lkfn Number Of Available For Sale Securities In Unrealized Loss Positions Qualitative Disclosurem Number Of Positions12 Months Or More
NumberOfAvailableForSaleSecuritiesInUnrealizedLossPositionsQualitativeDisclosuremNumberOfPositions12MonthsOrMore
84 pure
CY2017Q4 lkfn Number Of Available For Sale Securities In Unrealized Loss Positions Qualitative Disclosurem Number Of Positions12 Months Or More
NumberOfAvailableForSaleSecuritiesInUnrealizedLossPositionsQualitativeDisclosuremNumberOfPositions12MonthsOrMore
84 pure
CY2018Q1 us-gaap Availableforsale Securities In Unrealized Loss Positions Qualitative Disclosure Number Of Positions1
AvailableforsaleSecuritiesInUnrealizedLossPositionsQualitativeDisclosureNumberOfPositions1
239 pure
CY2017Q4 us-gaap Availableforsale Securities In Unrealized Loss Positions Qualitative Disclosure Number Of Positions1
AvailableforsaleSecuritiesInUnrealizedLossPositionsQualitativeDisclosureNumberOfPositions1
153 pure
CY2018Q1 us-gaap Mortgage Loans In Process Of Foreclosure Amount
MortgageLoansInProcessOfForeclosureAmount
156000 USD
CY2018Q1 us-gaap Loans And Leases Receivable Deferred Income
LoansAndLeasesReceivableDeferredIncome
1268000 USD
CY2017Q4 us-gaap Loans And Leases Receivable Deferred Income
LoansAndLeasesReceivableDeferredIncome
1066000 USD
CY2018Q1 us-gaap Loans And Leases Receivable Gross Carrying Amount
LoansAndLeasesReceivableGrossCarryingAmount
3846936000 USD
CY2017Q4 us-gaap Loans And Leases Receivable Gross Carrying Amount
LoansAndLeasesReceivableGrossCarryingAmount
3819525000 USD
CY2018Q1 us-gaap Allowance For Loan And Lease Losses Write Offs
AllowanceForLoanAndLeaseLossesWriteOffs
4977000 USD
CY2018Q1 us-gaap Allowance For Loan And Lease Loss Recovery Of Bad Debts
AllowanceForLoanAndLeaseLossRecoveryOfBadDebts
183000 USD
CY2018Q1 lkfn Allowance For Loan And Lease Losses Write Offs After Recoveries
AllowanceForLoanAndLeaseLossesWriteOffsAfterRecoveries
4794000 USD
CY2018Q1 us-gaap Loans And Leases Receivable Allowance
LoansAndLeasesReceivableAllowance
45627000 USD
CY2017Q4 us-gaap Loans And Leases Receivable Allowance
LoansAndLeasesReceivableAllowance
47121000 USD
CY2017Q1 us-gaap Allowance For Loan And Lease Losses Write Offs
AllowanceForLoanAndLeaseLossesWriteOffs
503000 USD
CY2017Q1 us-gaap Allowance For Loan And Lease Loss Recovery Of Bad Debts
AllowanceForLoanAndLeaseLossRecoveryOfBadDebts
359000 USD
CY2017Q1 lkfn Allowance For Loan And Lease Losses Write Offs After Recoveries
AllowanceForLoanAndLeaseLossesWriteOffsAfterRecoveries
144000 USD
CY2017Q1 us-gaap Loans And Leases Receivable Allowance
LoansAndLeasesReceivableAllowance
43774000 USD
CY2016Q4 us-gaap Loans And Leases Receivable Allowance
LoansAndLeasesReceivableAllowance
43718000 USD
CY2018Q1 us-gaap Financing Receivable Allowance For Credit Losses Individually Evaluated For Impairment1
FinancingReceivableAllowanceForCreditLossesIndividuallyEvaluatedForImpairment1
2671000 USD
CY2018Q1 us-gaap Financing Receivable Allowance For Credit Losses Collectively Evaluated For Impairment
FinancingReceivableAllowanceForCreditLossesCollectivelyEvaluatedForImpairment
42956000 USD
CY2018Q1 us-gaap Financing Receivable Individually Evaluated For Impairment
FinancingReceivableIndividuallyEvaluatedForImpairment
15824000 USD
CY2018Q1 us-gaap Financing Receivable Collectively Evaluated For Impairment
FinancingReceivableCollectivelyEvaluatedForImpairment
3829844000 USD
CY2018Q1 us-gaap Loans And Leases Receivable Net Of Deferred Income
LoansAndLeasesReceivableNetOfDeferredIncome
3845668000 USD
CY2017Q4 us-gaap Financing Receivable Allowance For Credit Losses Individually Evaluated For Impairment1
FinancingReceivableAllowanceForCreditLossesIndividuallyEvaluatedForImpairment1
3216000 USD
CY2017Q4 us-gaap Financing Receivable Allowance For Credit Losses Collectively Evaluated For Impairment
FinancingReceivableAllowanceForCreditLossesCollectivelyEvaluatedForImpairment
43905000 USD
CY2017Q4 us-gaap Financing Receivable Individually Evaluated For Impairment
FinancingReceivableIndividuallyEvaluatedForImpairment
13870000 USD
CY2017Q4 us-gaap Financing Receivable Collectively Evaluated For Impairment
FinancingReceivableCollectivelyEvaluatedForImpairment
3804589000 USD
CY2017Q4 us-gaap Loans And Leases Receivable Net Of Deferred Income
LoansAndLeasesReceivableNetOfDeferredIncome
3818459000 USD
CY2018Q1 us-gaap Impaired Financing Receivable Unpaid Principal Balance
ImpairedFinancingReceivableUnpaidPrincipalBalance
22598000 USD
CY2018Q1 us-gaap Impaired Financing Receivable Recorded Investment
ImpairedFinancingReceivableRecordedInvestment
15824000 USD
CY2017Q4 us-gaap Impaired Financing Receivable Unpaid Principal Balance
ImpairedFinancingReceivableUnpaidPrincipalBalance
15897000 USD
CY2018Q1 us-gaap Impaired Financing Receivable Average Recorded Investment
ImpairedFinancingReceivableAverageRecordedInvestment
14226000 USD
CY2017Q4 us-gaap Impaired Financing Receivable Recorded Investment
ImpairedFinancingReceivableRecordedInvestment
13870000 USD
CY2018Q1 us-gaap Impaired Financing Receivable Interest Income Accrual Method
ImpairedFinancingReceivableInterestIncomeAccrualMethod
55000 USD
CY2018Q1 us-gaap Impaired Financing Receivable Interest Income Cash Basis Method
ImpairedFinancingReceivableInterestIncomeCashBasisMethod
20000 USD
CY2017Q1 us-gaap Impaired Financing Receivable Average Recorded Investment
ImpairedFinancingReceivableAverageRecordedInvestment
20742000 USD
CY2017Q1 us-gaap Impaired Financing Receivable Interest Income Accrual Method
ImpairedFinancingReceivableInterestIncomeAccrualMethod
175000 USD
CY2017Q1 us-gaap Impaired Financing Receivable Interest Income Cash Basis Method
ImpairedFinancingReceivableInterestIncomeCashBasisMethod
141000 USD
CY2018Q1 us-gaap Financing Receivable Recorded Investment Nonaccrual Status
FinancingReceivableRecordedInvestmentNonaccrualStatus
11003000 USD
CY2018Q1 lkfn Financing Receivable Recorded Investment Past Due And Nonaccrual Status
FinancingReceivableRecordedInvestmentPastDueAndNonaccrualStatus
13204000 USD
CY2017Q4 us-gaap Financing Receivable Recorded Investment Nonaccrual Status
FinancingReceivableRecordedInvestmentNonaccrualStatus
9402000 USD
CY2017Q4 lkfn Financing Receivable Recorded Investment Past Due And Nonaccrual Status
FinancingReceivableRecordedInvestmentPastDueAndNonaccrualStatus
19027000 USD
CY2017Q4 lkfn Loans Modified In Troubled Debt Restructured Loans
LoansModifiedInTroubledDebtRestructuredLoans
2300000 USD
CY2018Q1 lkfn Loans Receivable Accruing Troubled Debt Restructured Loans
LoansReceivableAccruingTroubledDebtRestructuredLoans
4085000 USD
CY2017Q4 lkfn Loans Receivable Accruing Troubled Debt Restructured Loans
LoansReceivableAccruingTroubledDebtRestructuredLoans
2893000 USD
CY2018Q1 lkfn Loans Receivable Nonaccrual Troubled Debt Restructured Loans
LoansReceivableNonaccrualTroubledDebtRestructuredLoans
7945000 USD
CY2017Q4 lkfn Loans Receivable Nonaccrual Troubled Debt Restructured Loans
LoansReceivableNonaccrualTroubledDebtRestructuredLoans
7750000 USD
CY2018Q1 lkfn Financing Receivable Modifications
FinancingReceivableModifications
12030000 USD
CY2017Q4 lkfn Financing Receivable Modifications
FinancingReceivableModifications
10643000 USD
CY2018Q1 lkfn Loan Amount Of Credit Quality Analysis
LoanAmountOfCreditQualityAnalysis
150000 USD
CY2018Q1 us-gaap Servicing Asset At Fair Value Amount
ServicingAssetAtFairValueAmount
4100000 USD
CY2018Q1 us-gaap Mortgage Loans On Real Estate Interest Rate
MortgageLoansOnRealEstateInterestRate
0.0382 pure
CY2018Q1 lkfn Weighted Average Maturity Of Residential Mortgages
WeightedAverageMaturityOfResidentialMortgages
P19Y
CY2018Q1 us-gaap Derivative Fair Value Of Derivative Asset
DerivativeFairValueOfDerivativeAsset
3540000 USD
CY2018Q1 us-gaap Derivative Fair Value Of Derivative Liability
DerivativeFairValueOfDerivativeLiability
98296000 USD
CY2018Q1 lkfn Derivative Asset Gross Value Offset
DerivativeAssetGrossValueOffset
0 USD
CY2018Q1 lkfn Derivativeliabilitygrossvalueoffset
Derivativeliabilitygrossvalueoffset
0 USD
CY2018Q1 lkfn Derivative Asset Net Value Offset
DerivativeAssetNetValueOffset
3540000 USD
CY2018Q1 lkfn Derivativeliabilitynetvalueoffset
Derivativeliabilitynetvalueoffset
-98296000 USD
CY2018Q1 us-gaap Derivative Fair Value Of Derivative Asset Amount Not Offset Against Collateral
DerivativeFairValueOfDerivativeAssetAmountNotOffsetAgainstCollateral
0 USD
CY2018Q1 us-gaap Derivative Fair Value Of Derivative Liability Amount Not Offset Against Collateral
DerivativeFairValueOfDerivativeLiabilityAmountNotOffsetAgainstCollateral
94716000 USD
CY2018Q1 lkfn Derivativeassetcollateralobligationtoreturncashnotoffset
Derivativeassetcollateralobligationtoreturncashnotoffset
0 USD
CY2018Q1 us-gaap Derivative Assets
DerivativeAssets
3540000 USD
CY2018Q1 lkfn Derivativeliabilitycollateralrighttoreclaimcashoffsets
Derivativeliabilitycollateralrighttoreclaimcashoffsets
250000 USD
CY2018Q1 us-gaap Derivative Liabilities
DerivativeLiabilities
3330000 USD
CY2017Q4 us-gaap Derivative Fair Value Of Derivative Asset
DerivativeFairValueOfDerivativeAsset
2441000 USD
CY2017Q4 us-gaap Derivative Fair Value Of Derivative Liability
DerivativeFairValueOfDerivativeLiability
73214000 USD
CY2017Q4 lkfn Derivative Asset Gross Value Offset
DerivativeAssetGrossValueOffset
0 USD
CY2017Q4 lkfn Derivativeliabilitygrossvalueoffset
Derivativeliabilitygrossvalueoffset
0 USD
CY2017Q4 lkfn Derivative Asset Net Value Offset
DerivativeAssetNetValueOffset
2441000 USD
CY2017Q4 lkfn Derivativeliabilitynetvalueoffset
Derivativeliabilitynetvalueoffset
-73214000 USD
CY2017Q4 us-gaap Derivative Fair Value Of Derivative Asset Amount Not Offset Against Collateral
DerivativeFairValueOfDerivativeAssetAmountNotOffsetAgainstCollateral
0 USD
CY2017Q4 us-gaap Derivative Fair Value Of Derivative Liability Amount Not Offset Against Collateral
DerivativeFairValueOfDerivativeLiabilityAmountNotOffsetAgainstCollateral
70652000 USD
CY2017Q4 lkfn Derivativeassetcollateralobligationtoreturncashnotoffset
Derivativeassetcollateralobligationtoreturncashnotoffset
0 USD
CY2017Q4 us-gaap Derivative Assets
DerivativeAssets
2441000 USD
CY2017Q4 lkfn Derivativeliabilitycollateralrighttoreclaimcashoffsets
Derivativeliabilitycollateralrighttoreclaimcashoffsets
750000 USD
CY2017Q4 us-gaap Derivative Liabilities
DerivativeLiabilities
1812000 USD
CY2018Q1 us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Before Reclassification Adjustments And Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentBeforeReclassificationAdjustmentsAndTax
-7132000 USD
CY2018Q1 lkfn Accumulated Other Comprehensive Income Loss Available For Sale Securities Reclassification Adjustment Included In Net Income Net Of Tax
AccumulatedOtherComprehensiveIncomeLossAvailableForSaleSecuritiesReclassificationAdjustmentIncludedInNetIncomeNetOfTax
6000 USD
CY2018Q1 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
-7126000 USD
CY2018Q1 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Before Reclassification Adjustments And Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentBeforeReclassificationAdjustmentsAndTax
0 USD
CY2018Q1 lkfn Accumulated Other Comprehensive Income Loss Defined Benefit Pension Reclassification Adjustment Included In Net Income Net Of Tax
AccumulatedOtherComprehensiveIncomeLossDefinedBenefitPensionReclassificationAdjustmentIncludedInNetIncomeNetOfTax
49000 USD
CY2018Q1 lkfn Other Comprehensive Income Loss Adjustment Before Reclassification Adjustments And Tax
OtherComprehensiveIncomeLossAdjustmentBeforeReclassificationAdjustmentsAndTax
-7132000 USD
CY2018Q1 lkfn Accumulated Other Comprehensive Income Loss Reclassification Adjustment Included In Net Income Net Of Tax
AccumulatedOtherComprehensiveIncomeLossReclassificationAdjustmentIncludedInNetIncomeNetOfTax
55000 USD
CY2017Q1 us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Before Reclassification Adjustments And Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentBeforeReclassificationAdjustmentsAndTax
448000 USD
CY2017Q1 lkfn Accumulated Other Comprehensive Income Loss Available For Sale Securities Reclassification Adjustment Included In Net Income Net Of Tax
AccumulatedOtherComprehensiveIncomeLossAvailableForSaleSecuritiesReclassificationAdjustmentIncludedInNetIncomeNetOfTax
-3000 USD
CY2017Q1 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
445000 USD
CY2017Q1 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Before Reclassification Adjustments And Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentBeforeReclassificationAdjustmentsAndTax
0 USD
CY2017Q1 lkfn Accumulated Other Comprehensive Income Loss Defined Benefit Pension Reclassification Adjustment Included In Net Income Net Of Tax
AccumulatedOtherComprehensiveIncomeLossDefinedBenefitPensionReclassificationAdjustmentIncludedInNetIncomeNetOfTax
40000 USD
CY2017Q1 lkfn Other Comprehensive Income Loss Adjustment Before Reclassification Adjustments And Tax
OtherComprehensiveIncomeLossAdjustmentBeforeReclassificationAdjustmentsAndTax
448000 USD
CY2017Q1 lkfn Accumulated Other Comprehensive Income Loss Reclassification Adjustment Included In Net Income Net Of Tax
AccumulatedOtherComprehensiveIncomeLossReclassificationAdjustmentIncludedInNetIncomeNetOfTax
37000 USD
CY2018Q1 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesTax
0 USD
CY2018Q1 us-gaap Other Comprehensive Income Loss Amortization Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Prior Service Cost Credit Before Tax
OtherComprehensiveIncomeLossAmortizationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetPriorServiceCostCreditBeforeTax
66000 USD
CY2018Q1 us-gaap Other Comprehensive Income Loss Amortization Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Prior Service Cost Credit Tax
OtherComprehensiveIncomeLossAmortizationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetPriorServiceCostCreditTax
17000 USD
CY2018Q1 us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
-55000 USD
CY2017Q1 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesTax
0 USD
CY2017Q1 us-gaap Other Comprehensive Income Loss Amortization Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Prior Service Cost Credit Before Tax
OtherComprehensiveIncomeLossAmortizationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetPriorServiceCostCreditBeforeTax
66000 USD
CY2017Q1 us-gaap Other Comprehensive Income Loss Amortization Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Prior Service Cost Credit Tax
OtherComprehensiveIncomeLossAmortizationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetPriorServiceCostCreditTax
26000 USD
CY2017Q1 us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
-37000 USD
CY2016Q4 us-gaap Stockholders Equity
StockholdersEquity
426978000 USD
CY2017Q1 us-gaap Stockholders Equity
StockholdersEquity
437113000 USD
CY2018Q1 lkfn Treasury Stock Sold And Distributed Under Deferred Directors Planvalue
TreasuryStockSoldAndDistributedUnderDeferredDirectorsPlanvalue
0 USD
CY2018Q1 lkfn Available For Sale Securities With Maturities Amortized Cost
AvailableForSaleSecuritiesWithMaturitiesAmortizedCost
191132000 USD
CY2018Q1 lkfn Available For Sale Securities With Maturities Fair Value
AvailableForSaleSecuritiesWithMaturitiesFairValue
189315000 USD
CY2017Q1 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.19
CY2018Q1 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.22
CY2018Q1 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
90000000 shares
CY2017Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
90000000 shares
CY2018Q1 us-gaap Common Stock No Par Value
CommonStockNoParValue
0
CY2017Q4 us-gaap Common Stock No Par Value
CommonStockNoParValue
0
CY2018Q1 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
25291582 shares
CY2018Q1 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
25124441 shares
CY2017Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
25194903 shares
CY2017Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
25025933 shares
CY2018Q1 us-gaap Treasury Stock Shares
TreasuryStockShares
167141 shares
CY2017Q4 us-gaap Treasury Stock Shares
TreasuryStockShares
168970 shares
CY2018Q1 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax
-6000 USD
CY2018Q1 us-gaap Other Comprehensive Income Loss Amortization Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Prior Service Cost Credit Net Of Tax
OtherComprehensiveIncomeLossAmortizationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetPriorServiceCostCreditNetOfTax
49000 USD
CY2017Q1 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax
3000 USD
CY2017Q1 us-gaap Other Comprehensive Income Loss Amortization Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Prior Service Cost Credit Net Of Tax
OtherComprehensiveIncomeLossAmortizationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetPriorServiceCostCreditNetOfTax
40000 USD
CY2018Q1 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
439450 shares
CY2017Q1 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
443894 shares
CY2017Q4 us-gaap Defined Benefit Plan Expected Future Employer Contributions Next Fiscal Year
DefinedBenefitPlanExpectedFutureEmployerContributionsNextFiscalYear
0 USD
CY2018Q1 us-gaap Defined Benefit Plan Expected Future Employer Contributions Next Fiscal Year
DefinedBenefitPlanExpectedFutureEmployerContributionsNextFiscalYear
368200 USD
CY2018Q1 lkfn Percentage Of Loans And Leases Receivable Gross Carrying Amount
PercentageOfLoansAndLeasesReceivableGrossCarryingAmount
1.0 pure
CY2017 lkfn Percentage Of Loans And Leases Receivable Gross Carrying Amount
PercentageOfLoansAndLeasesReceivableGrossCarryingAmount
1.0 pure
CY2017Q4 us-gaap Accumulated Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
AccumulatedOtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
784000 USD
CY2018Q1 us-gaap Accumulated Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
AccumulatedOtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
-6270000 USD
CY2017Q4 us-gaap Accumulated Other Comprehensive Income Loss Defined Benefit Pension And Other Postretirement Plans Net Of Tax
AccumulatedOtherComprehensiveIncomeLossDefinedBenefitPensionAndOtherPostretirementPlansNetOfTax
-1454000 USD
CY2018Q1 us-gaap Accumulated Other Comprehensive Income Loss Defined Benefit Pension And Other Postretirement Plans Net Of Tax
AccumulatedOtherComprehensiveIncomeLossDefinedBenefitPensionAndOtherPostretirementPlansNetOfTax
-1718000 USD
CY2016Q4 us-gaap Accumulated Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
AccumulatedOtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
-722000 USD
CY2017Q1 us-gaap Accumulated Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
AccumulatedOtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
-277000 USD
CY2016Q4 us-gaap Accumulated Other Comprehensive Income Loss Defined Benefit Pension And Other Postretirement Plans Net Of Tax
AccumulatedOtherComprehensiveIncomeLossDefinedBenefitPensionAndOtherPostretirementPlansNetOfTax
-1665000 USD
CY2016Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-2387000 USD
CY2017Q4 us-gaap Mortgage Loans In Process Of Foreclosure Amount
MortgageLoansInProcessOfForeclosureAmount
47000 USD
CY2018Q1 us-gaap Servicing Assets And Servicing Liabilities At Fair Value Assumptions Used To Estimate Fair Value Qualitative Information
ServicingAssetsAndServicingLiabilitiesAtFairValueAssumptionsUsedToEstimateFairValueQualitativeInformation
102
CY2017 us-gaap Servicing Assets And Servicing Liabilities At Fair Value Assumptions Used To Estimate Fair Value Qualitative Information
ServicingAssetsAndServicingLiabilitiesAtFairValueAssumptionsUsedToEstimateFairValueQualitativeInformation
123
CY2018Q1 us-gaap Servicing Assets And Servicing Liabilities At Fair Value Assumptions Used To Estimate Fair Value Discount Rate
ServicingAssetsAndServicingLiabilitiesAtFairValueAssumptionsUsedToEstimateFairValueDiscountRate
0.094 pure
CY2017 us-gaap Servicing Assets And Servicing Liabilities At Fair Value Assumptions Used To Estimate Fair Value Discount Rate
ServicingAssetsAndServicingLiabilitiesAtFairValueAssumptionsUsedToEstimateFairValueDiscountRate
0.094 pure
CY2018Q1 lkfn Gain On Life Insurance
GainOnLifeInsurance
201000 USD
CY2017Q1 lkfn Gain On Life Insurance
GainOnLifeInsurance
0 USD
CY2018Q1 lkfn Partial Chargeoff On Commercial Lending Relationship
PartialChargeoffOnCommercialLendingRelationship
4600000 USD
CY2018Q1 lkfn Service Charges On Commercial Deposit Acounts
ServiceChargesOnCommercialDepositAcounts
2303000 USD
CY2017Q1 lkfn Service Charges On Commercial Deposit Acounts
ServiceChargesOnCommercialDepositAcounts
1798000 USD
CY2018Q1 lkfn Service Charges On Retail Deposit Acounts
ServiceChargesOnRetailDepositAcounts
229000 USD
CY2017Q1 lkfn Service Charges On Retail Deposit Acounts
ServiceChargesOnRetailDepositAcounts
233000 USD
CY2018Q1 lkfn Overdrafts Net
OverdraftsNet
831000 USD
CY2017Q1 lkfn Overdrafts Net
OverdraftsNet
844000 USD
CY2018Q1 lkfn Other Service Charges
OtherServiceCharges
265000 USD
CY2017Q1 lkfn Other Service Charges
OtherServiceCharges
268000 USD
CY2018Q1 us-gaap Fees And Commissions Debit Cards
FeesAndCommissionsDebitCards
1420000 USD
CY2017Q1 us-gaap Fees And Commissions Debit Cards
FeesAndCommissionsDebitCards
1105000 USD
CY2018Q1 lkfn Loan Fees
LoanFees
530000 USD
CY2017Q1 lkfn Loan Fees
LoanFees
568000 USD
CY2018Q1 us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;CLEAR: both"> </div> <div style="CLEAR:both;FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt; FONT-WEIGHT: bold" align="left">Reclassifications</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;CLEAR: both"> <br/> </div> <div style="CLEAR:both;FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-INDENT: 36pt" align="left">Certain amounts appearing in the financial statements and notes thereto for prior periods have been reclassified to conform with the current presentation. The reclassifications had no effect on net income or stockholders' equity as previously reported.<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"></font></div> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table>
CY2018Q1 lkfn Net Non Interest Income Expense
NetNonInterestIncomeExpense
-95000 USD
CY2018Q1 lkfn Percentage Of Interest Income In Net Revenue
PercentageOfInterestIncomeInNetRevenue
0.8 pure
CY2018Q1 lkfn Percentage Of Noninterest Income In Net Revenue
PercentageOfNoninterestIncomeInNetRevenue
0.2 pure
CY2018Q1 lkfn Operating Lease Obligations
OperatingLeaseObligations
5200000 USD
CY2018Q1 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21 pure
CY2017Q1 us-gaap Accumulated Other Comprehensive Income Loss Defined Benefit Pension And Other Postretirement Plans Net Of Tax
AccumulatedOtherComprehensiveIncomeLossDefinedBenefitPensionAndOtherPostretirementPlansNetOfTax
-1625000 USD
CY2017Q1 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-1902000 USD

Files In Submission

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0000721994-18-000027.txt Edgar Link pending
0000721994-18-000027-xbrl.zip Edgar Link pending
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