2019 Q1 Form 10-Q Financial Statement

#000072199419000030 Filed on May 03, 2019

View on sec.gov

Income Statement

Concept 2019 Q1 2018 Q1 2017 Q4
Revenue $53.49M $46.07M $44.16M
YoY Change 16.12% 20.83% 21.63%
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 $1.417M $1.404M $1.400M
YoY Change 0.93% 20.52% 27.27%
% of Gross Profit
Operating Expenses
YoY Change
Operating Profit
YoY Change
Interest Expense $15.29M $9.845M $8.769M
YoY Change 55.26% 62.3% 62.39%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income $26.06M $21.60M $23.41M
YoY Change 20.65% 7.61% 16.47%
Income Tax $4.379M $3.264M $11.78M
% Of Pretax Income 16.8% 15.11% 50.32%
Net Earnings $21.68M $18.34M $11.63M
YoY Change 18.25% 26.33% -14.01%
Net Earnings / Revenue 40.53% 39.8% 26.33%
Basic Earnings Per Share $0.85 $0.73 $0.46
Diluted Earnings Per Share $0.84 $0.71 $0.45
COMMON SHARES
Basic Shares Outstanding 25.49M 25.26M
Diluted Shares Outstanding 25.67M 25.70M

Balance Sheet

Concept 2019 Q1 2018 Q1 2017 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $188.8M $167.6M $176.2M
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 $58.76M $55.70M $56.47M
YoY Change 5.49% 4.7% 8.38%
Goodwill $4.970M $4.970M
YoY Change 0.0%
Intangibles
YoY Change
Long-Term Investments $5.300M
YoY Change 3.92%
Other Assets
YoY Change
Total Long-Term Assets
YoY Change
TOTAL ASSETS
Total Short-Term Assets
Total Long-Term Assets
Total Assets $4.892B $4.727B $4.683B
YoY Change 3.49% 9.44% 9.16%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $11.80M $7.500M $6.300M
YoY Change 57.33% 27.12% 10.53%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $122.0M $94.70M $70.70M
YoY Change 28.83% -34.6% -69.27%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $11.80M $7.500M $6.300M
YoY Change 57.33% 27.12% 10.53%
LONG-TERM LIABILITIES
Long-Term Debt $30.90M $30.90M $30.90M
YoY Change 0.0% 0.0% 0.0%
Other Long-Term Liabilities $36.50M $21.00M $17.70M
YoY Change 73.81% 0.48% -3.8%
Total Long-Term Liabilities $67.40M $51.90M $48.60M
YoY Change 29.87% 0.19% -1.42%
TOTAL LIABILITIES
Total Short-Term Liabilities $11.80M $7.500M $6.300M
Total Long-Term Liabilities $67.40M $51.90M $48.60M
Total Liabilities $4.349B $4.254B $4.214B
YoY Change 2.23% 9.57% 9.1%
SHAREHOLDERS EQUITY
Retained Earnings $433.0M $363.8M
YoY Change 10.96%
Common Stock $111.6M $108.9M
YoY Change 4.27%
Preferred Stock
YoY Change
Treasury Stock (at cost) $3.833M $3.408M
YoY Change 16.99%
Treasury Stock Shares $171.8K 167.1K shares $169.0K
Shareholders Equity $543.2M $473.3M $468.7M
YoY Change
Total Liabilities & Shareholders Equity $4.892B $4.727B $4.683B
YoY Change 3.49% 9.44% 9.16%

Cashflow Statement

Concept 2019 Q1 2018 Q1 2017 Q4
OPERATING ACTIVITIES
Net Income $21.68M $18.34M $11.63M
YoY Change 18.25% 26.33% -14.01%
Depreciation, Depletion And Amortization $1.417M $1.404M $1.400M
YoY Change 0.93% 20.52% 27.27%
Cash From Operating Activities $23.66M $25.94M $24.10M
YoY Change -8.79% 24.95% 89.76%
INVESTING ACTIVITIES
Capital Expenditures $2.091M $678.0K -$1.500M
YoY Change 208.41% -70.33% 25.0%
Acquisitions
YoY Change
Other Investing Activities -$20.70M -$60.50M -$192.2M
YoY Change -65.79% -3018.48% -10.14%
Cash From Investing Activities -$22.78M -$61.22M -$193.7M
YoY Change -62.79% -28.83% -9.95%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $195.0K $185.0K
YoY Change 5.41% -15.91%
Debt Paid & Issued, Net $0.00 $80.03M
YoY Change -100.0% -54.27%
Cash From Financing Activities -29.05M 26.65M 215.8M
YoY Change -208.98% 178.49% 136.11%
NET CHANGE
Cash From Operating Activities 23.66M 25.94M 24.10M
Cash From Investing Activities -22.78M -61.22M -193.7M
Cash From Financing Activities -29.05M 26.65M 215.8M
Net Change In Cash -28.17M -8.629M 46.20M
YoY Change 226.45% -84.51% -141.62%
FREE CASH FLOW
Cash From Operating Activities $23.66M $25.94M $24.10M
Capital Expenditures $2.091M $678.0K -$1.500M
Free Cash Flow $21.57M $25.26M $25.60M
YoY Change -14.62% 36.73% 84.17%

Facts In Submission

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CY2018Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.73
CY2019Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
25665287
CY2018Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
25696864
CY2019Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.84
CY2018Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.71
CY2019Q1 us-gaap Available For Sale Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
8003000
CY2019Q1 us-gaap Available For Sale Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
3138000
CY2019Q1 us-gaap Available For Sale Securities
AvailableForSaleSecurities
595553000
CY2018Q4 us-gaap Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
591621000
CY2018Q4 us-gaap Available For Sale Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
2795000
CY2018Q4 us-gaap Available For Sale Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
8867000
CY2018Q4 us-gaap Available For Sale Securities
AvailableForSaleSecurities
585549000
CY2019Q1 us-gaap Available For Sale Securities Debt Maturities Within One Year Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearAmortizedCost
1732000
CY2019Q1 us-gaap Available For Sale Securities Debt Maturities Within One Year Fair Value
AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearFairValue
1742000
CY2019Q1 us-gaap Available For Sale Securities Debt Maturities After One Through Five Years Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughFiveYearsAmortizedCost
25086000
CY2019Q1 us-gaap Available For Sale Securities Debt Maturities After One Through Five Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughFiveYearsFairValue
25342000
CY2019Q1 us-gaap Available For Sale Securities Debt Maturities After Five Through Ten Years Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesAfterFiveThroughTenYearsAmortizedCost
25267000
CY2019Q1 us-gaap Available For Sale Securities Debt Maturities After Five Through Ten Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterFiveThroughTenYearsFairValue
25970000
CY2019Q1 us-gaap Available For Sale Securities Debt Maturities After Ten Years Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesAfterTenYearsAmortizedCost
179899000
CY2019Q1 us-gaap Available For Sale Securities Debt Maturities After Ten Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterTenYearsFairValue
184191000
CY2019Q1 lkfn Available For Sale Securities With Maturities Amortized Cost
AvailableForSaleSecuritiesWithMaturitiesAmortizedCost
231984000
CY2019Q1 lkfn Available For Sale Securities With Maturities Fair Value
AvailableForSaleSecuritiesWithMaturitiesFairValue
237245000
CY2019Q1 us-gaap Available For Sale Securities Debt Maturities Without Single Maturity Date Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesWithoutSingleMaturityDateAmortizedCost
358704000
CY2019Q1 us-gaap Mortgage Backed Securities Available For Sale Fair Value Disclosure
MortgageBackedSecuritiesAvailableForSaleFairValueDisclosure
358308000
CY2019Q1 us-gaap Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
590688000
CY2019Q1 us-gaap Available For Sale Securities
AvailableForSaleSecurities
595553000
CY2019Q1 us-gaap Proceeds From Sale Of Available For Sale Securities Debt
ProceedsFromSaleOfAvailableForSaleSecuritiesDebt
13693000
CY2018Q1 us-gaap Proceeds From Sale Of Available For Sale Securities Debt
ProceedsFromSaleOfAvailableForSaleSecuritiesDebt
12322000
CY2019Q1 us-gaap Available For Sale Securities Gross Realized Gains
AvailableForSaleSecuritiesGrossRealizedGains
70000
CY2018Q1 us-gaap Available For Sale Securities Gross Realized Gains
AvailableForSaleSecuritiesGrossRealizedGains
21000
CY2019Q1 us-gaap Available For Sale Securities Gross Realized Losses
AvailableForSaleSecuritiesGrossRealizedLosses
47000
CY2018Q1 us-gaap Available For Sale Securities Gross Realized Losses
AvailableForSaleSecuritiesGrossRealizedLosses
27000
CY2019Q1 us-gaap Available For Sale Securities Continuous Unrealized Loss Position Less Than Twelve Months Fair Value
AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThanTwelveMonthsFairValue
41354000
CY2019Q1 us-gaap Available For Sale Securities Continuous Unrealized Loss Position Twelve Months Or Longer Fair Value
AvailableForSaleSecuritiesContinuousUnrealizedLossPositionTwelveMonthsOrLongerFairValue
212804000
CY2018Q4 us-gaap Available For Sale Securities Continuous Unrealized Loss Position Less Than Twelve Months Fair Value
AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThanTwelveMonthsFairValue
37848000
CY2019Q1 us-gaap Debt Securities Available For Sale Restricted
DebtSecuritiesAvailableForSaleRestricted
62000000
CY2018Q4 us-gaap Debt Securities Available For Sale Restricted
DebtSecuritiesAvailableForSaleRestricted
164700000
CY2019Q1 us-gaap Available For Sale Securities Continuous Unrealized Loss Position Less Than12 Months Accumulated Loss
AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss
85000
CY2019Q1 us-gaap Available For Sale Securities Continuous Unrealized Loss Position12 Months Or Longer Accumulated Loss
AvailableForSaleSecuritiesContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss
3053000
CY2019Q1 us-gaap Available For Sale Securities Continuous Unrealized Loss Position Fair Value
AvailableForSaleSecuritiesContinuousUnrealizedLossPositionFairValue
254158000
CY2019Q1 us-gaap Available For Sale Securities Continuous Unrealized Loss Position Accumulated Loss
AvailableForSaleSecuritiesContinuousUnrealizedLossPositionAccumulatedLoss
3138000
CY2018Q4 us-gaap Available For Sale Securities Continuous Unrealized Loss Position Less Than12 Months Accumulated Loss
AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss
136000
CY2018Q4 us-gaap Available For Sale Securities Continuous Unrealized Loss Position Twelve Months Or Longer Fair Value
AvailableForSaleSecuritiesContinuousUnrealizedLossPositionTwelveMonthsOrLongerFairValue
346642000
CY2018Q4 us-gaap Available For Sale Securities Continuous Unrealized Loss Position12 Months Or Longer Accumulated Loss
AvailableForSaleSecuritiesContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss
8731000
CY2018Q4 us-gaap Available For Sale Securities Continuous Unrealized Loss Position Fair Value
AvailableForSaleSecuritiesContinuousUnrealizedLossPositionFairValue
384490000
CY2018Q4 us-gaap Available For Sale Securities Continuous Unrealized Loss Position Accumulated Loss
AvailableForSaleSecuritiesContinuousUnrealizedLossPositionAccumulatedLoss
8867000
CY2019Q1 lkfn Number Of Available For Sale Securities In Unrealized Loss Positions Qualitative Disclosurem Number Of Positions Less Than12 Months
NumberOfAvailableForSaleSecuritiesInUnrealizedLossPositionsQualitativeDisclosuremNumberOfPositionsLessThan12Months
24
CY2019Q1 lkfn Number Of Available For Sale Securities In Unrealized Loss Positions Qualitative Disclosurem Number Of Positions12 Months Or More
NumberOfAvailableForSaleSecuritiesInUnrealizedLossPositionsQualitativeDisclosuremNumberOfPositions12MonthsOrMore
94
CY2019Q1 us-gaap Availableforsale Securities In Unrealized Loss Positions Qualitative Disclosure Number Of Positions1
AvailableforsaleSecuritiesInUnrealizedLossPositionsQualitativeDisclosureNumberOfPositions1
118
CY2018Q4 lkfn Number Of Available For Sale Securities In Unrealized Loss Positions Qualitative Disclosurem Number Of Positions Less Than12 Months
NumberOfAvailableForSaleSecuritiesInUnrealizedLossPositionsQualitativeDisclosuremNumberOfPositionsLessThan12Months
40
CY2018Q4 lkfn Number Of Available For Sale Securities In Unrealized Loss Positions Qualitative Disclosurem Number Of Positions12 Months Or More
NumberOfAvailableForSaleSecuritiesInUnrealizedLossPositionsQualitativeDisclosuremNumberOfPositions12MonthsOrMore
207
CY2018Q4 us-gaap Availableforsale Securities In Unrealized Loss Positions Qualitative Disclosure Number Of Positions1
AvailableforsaleSecuritiesInUnrealizedLossPositionsQualitativeDisclosureNumberOfPositions1
247
CY2019Q1 us-gaap Loans And Leases Receivable Gross Carrying Amount
LoansAndLeasesReceivableGrossCarryingAmount
3940652000
CY2018Q4 us-gaap Loans And Leases Receivable Gross Carrying Amount
LoansAndLeasesReceivableGrossCarryingAmount
3916326000
CY2019Q1 us-gaap Loans And Leases Receivable Allowance
LoansAndLeasesReceivableAllowance
49562000
CY2018Q4 us-gaap Loans And Leases Receivable Allowance
LoansAndLeasesReceivableAllowance
48453000
CY2019Q1 us-gaap Loans And Leases Receivable Deferred Income
LoansAndLeasesReceivableDeferredIncome
1642000
CY2018Q4 us-gaap Loans And Leases Receivable Deferred Income
LoansAndLeasesReceivableDeferredIncome
1581000
CY2019Q1 us-gaap Loans And Leases Receivable Net Reported Amount
LoansAndLeasesReceivableNetReportedAmount
3889448000
CY2018Q4 us-gaap Loans And Leases Receivable Net Reported Amount
LoansAndLeasesReceivableNetReportedAmount
3866292000
CY2019Q1 us-gaap Mortgage Loans In Process Of Foreclosure Amount
MortgageLoansInProcessOfForeclosureAmount
533000
CY2018Q4 us-gaap Mortgage Loans In Process Of Foreclosure Amount
MortgageLoansInProcessOfForeclosureAmount
586000
CY2018Q4 us-gaap Loans And Leases Receivable Allowance
LoansAndLeasesReceivableAllowance
48453000
CY2019Q1 us-gaap Allowance For Loan And Lease Losses Write Offs
AllowanceForLoanAndLeaseLossesWriteOffs
284000
CY2019Q1 us-gaap Allowance For Loan And Lease Loss Recovery Of Bad Debts
AllowanceForLoanAndLeaseLossRecoveryOfBadDebts
193000
CY2019Q1 lkfn Allowance For Loan And Lease Losses Write Offs After Recoveries
AllowanceForLoanAndLeaseLossesWriteOffsAfterRecoveries
91000
CY2019Q1 us-gaap Loans And Leases Receivable Allowance
LoansAndLeasesReceivableAllowance
49562000
CY2017Q4 us-gaap Loans And Leases Receivable Allowance
LoansAndLeasesReceivableAllowance
47121000
CY2018Q1 us-gaap Allowance For Loan And Lease Losses Write Offs
AllowanceForLoanAndLeaseLossesWriteOffs
4977000
CY2018Q1 us-gaap Allowance For Loan And Lease Loss Recovery Of Bad Debts
AllowanceForLoanAndLeaseLossRecoveryOfBadDebts
183000
CY2018Q1 lkfn Allowance For Loan And Lease Losses Write Offs After Recoveries
AllowanceForLoanAndLeaseLossesWriteOffsAfterRecoveries
4794000
CY2018Q1 us-gaap Loans And Leases Receivable Allowance
LoansAndLeasesReceivableAllowance
45627000
CY2019Q1 us-gaap Financing Receivable Allowance For Credit Losses Individually Evaluated For Impairment1
FinancingReceivableAllowanceForCreditLossesIndividuallyEvaluatedForImpairment1
9834000
CY2019Q1 us-gaap Financing Receivable Allowance For Credit Losses Collectively Evaluated For Impairment
FinancingReceivableAllowanceForCreditLossesCollectivelyEvaluatedForImpairment
39728000
CY2018Q4 us-gaap Financing Receivable Allowance For Credit Losses Individually Evaluated For Impairment1
FinancingReceivableAllowanceForCreditLossesIndividuallyEvaluatedForImpairment1
10029000
CY2019Q1 us-gaap Loans And Leases Receivable Allowance
LoansAndLeasesReceivableAllowance
49562000
CY2018Q1 us-gaap Impaired Financing Receivable Interest Income Accrual Method
ImpairedFinancingReceivableInterestIncomeAccrualMethod
55000
CY2019Q1 us-gaap Financing Receivable Recorded Investment Current
FinancingReceivableRecordedInvestmentCurrent
3922736000
CY2019Q1 lkfn Loans Receivable Recorded Investment30 To89 Days Past Due
LoansReceivableRecordedInvestment30To89DaysPastDue
9697000
CY2019Q1 us-gaap Financing Receivable Individually Evaluated For Impairment
FinancingReceivableIndividuallyEvaluatedForImpairment
24547000
CY2019Q1 us-gaap Financing Receivable Collectively Evaluated For Impairment
FinancingReceivableCollectivelyEvaluatedForImpairment
3914463000
CY2019Q1 us-gaap Loans And Leases Receivable Net Of Deferred Income
LoansAndLeasesReceivableNetOfDeferredIncome
3939010000
CY2018Q4 us-gaap Financing Receivable Allowance For Credit Losses Collectively Evaluated For Impairment
FinancingReceivableAllowanceForCreditLossesCollectivelyEvaluatedForImpairment
38424000
CY2018Q4 us-gaap Loans And Leases Receivable Allowance
LoansAndLeasesReceivableAllowance
48453000
CY2018Q4 us-gaap Financing Receivable Individually Evaluated For Impairment
FinancingReceivableIndividuallyEvaluatedForImpairment
26717000
CY2018Q4 us-gaap Financing Receivable Collectively Evaluated For Impairment
FinancingReceivableCollectivelyEvaluatedForImpairment
3888028000
CY2018Q4 us-gaap Loans And Leases Receivable Net Of Deferred Income
LoansAndLeasesReceivableNetOfDeferredIncome
3914745000
CY2019Q1 us-gaap Impaired Financing Receivable Unpaid Principal Balance
ImpairedFinancingReceivableUnpaidPrincipalBalance
29903000
CY2019Q1 us-gaap Impaired Financing Receivable Recorded Investment
ImpairedFinancingReceivableRecordedInvestment
24547000
CY2018Q4 us-gaap Impaired Financing Receivable Unpaid Principal Balance
ImpairedFinancingReceivableUnpaidPrincipalBalance
32194000
CY2018Q4 us-gaap Impaired Financing Receivable Recorded Investment
ImpairedFinancingReceivableRecordedInvestment
26717000
CY2018Q4 us-gaap Financing Receivable Allowance For Credit Losses Individually Evaluated For Impairment1
FinancingReceivableAllowanceForCreditLossesIndividuallyEvaluatedForImpairment1
10029000
CY2019Q1 us-gaap Impaired Financing Receivable Average Recorded Investment
ImpairedFinancingReceivableAverageRecordedInvestment
25952000
CY2019Q1 us-gaap Impaired Financing Receivable Interest Income Accrual Method
ImpairedFinancingReceivableInterestIncomeAccrualMethod
274000
CY2018Q1 us-gaap Impaired Financing Receivable Average Recorded Investment
ImpairedFinancingReceivableAverageRecordedInvestment
14226000
CY2019Q1 lkfn Loans Receivable Recorded Investment Greater Than90 Days Past Due
LoansReceivableRecordedInvestmentGreaterThan90DaysPastDue
481000
CY2019Q1 us-gaap Financing Receivable Recorded Investment Nonaccrual Status
FinancingReceivableRecordedInvestmentNonaccrualStatus
6096000
CY2019Q1 lkfn Financing Receivable Recorded Investment Past Due And Nonaccrual Status
FinancingReceivableRecordedInvestmentPastDueAndNonaccrualStatus
16274000
CY2019Q1 us-gaap Loans And Leases Receivable Net Of Deferred Income
LoansAndLeasesReceivableNetOfDeferredIncome
3939010000
CY2018Q4 us-gaap Financing Receivable Recorded Investment Current
FinancingReceivableRecordedInvestmentCurrent
3897455000
CY2018Q4 lkfn Loans Receivable Recorded Investment30 To89 Days Past Due
LoansReceivableRecordedInvestment30To89DaysPastDue
10025000
CY2018Q4 lkfn Loans Receivable Recorded Investment Greater Than90 Days Past Due
LoansReceivableRecordedInvestmentGreaterThan90DaysPastDue
0
CY2018Q4 us-gaap Financing Receivable Recorded Investment Nonaccrual Status
FinancingReceivableRecordedInvestmentNonaccrualStatus
7265000
CY2018Q4 lkfn Financing Receivable Recorded Investment Past Due And Nonaccrual Status
FinancingReceivableRecordedInvestmentPastDueAndNonaccrualStatus
17290000
CY2018Q4 us-gaap Loans And Leases Receivable Net Of Deferred Income
LoansAndLeasesReceivableNetOfDeferredIncome
3914745000
CY2019Q1 lkfn Loans Receivable Nonaccrual Troubled Debt Restructured Loans
LoansReceivableNonaccrualTroubledDebtRestructuredLoans
3812000
CY2018Q4 lkfn Loans Receivable Nonaccrual Troubled Debt Restructured Loans
LoansReceivableNonaccrualTroubledDebtRestructuredLoans
4384000
CY2019Q1 lkfn Loans Receivable Accruing Troubled Debt Restructured Loans
LoansReceivableAccruingTroubledDebtRestructuredLoans
6196000
CY2018Q4 lkfn Loans Receivable Accruing Troubled Debt Restructured Loans
LoansReceivableAccruingTroubledDebtRestructuredLoans
8016000
CY2019Q1 lkfn Financing Receivable Modifications
FinancingReceivableModifications
10008000
CY2018Q4 lkfn Financing Receivable Modifications
FinancingReceivableModifications
12400000
CY2018Q1 lkfn Financing Receivable Modification Pre Modification Recorded Investment
FinancingReceivableModificationPreModificationRecordedInvestment
3409000
CY2018Q1 lkfn Financing Receivable Modification Post Modification Recorded Investment
FinancingReceivableModificationPostModificationRecordedInvestment
3408000
CY2019Q1 lkfn Interest And Fee Income Nontaxable
InterestAndFeeIncomeNontaxable
251000
CY2018Q1 lkfn Interest And Fee Income Nontaxable
InterestAndFeeIncomeNontaxable
217000
CY2019Q1 lkfn Fees And Commissions Depositors Accounts
FeesAndCommissionsDepositorsAccounts
4287000
CY2018Q1 lkfn Fees And Commissions Depositors Accounts
FeesAndCommissionsDepositorsAccounts
3628000
CY2019Q1 lkfn Fees And Commissions Loan And Service Fees
FeesAndCommissionsLoanAndServiceFees
2404000
CY2018Q1 lkfn Fees And Commissions Loan And Service Fees
FeesAndCommissionsLoanAndServiceFees
2177000
CY2019Q1 us-gaap Fees And Commissions Mortgage Banking And Servicing
FeesAndCommissionsMortgageBankingAndServicing
222000
CY2018Q1 us-gaap Fees And Commissions Mortgage Banking And Servicing
FeesAndCommissionsMortgageBankingAndServicing
241000
CY2019Q1 us-gaap Net Income Loss
NetIncomeLoss
21682000
CY2018Q1 us-gaap Net Income Loss
NetIncomeLoss
18336000
CY2019Q1 us-gaap Depreciation
Depreciation
1417000
CY2018Q1 us-gaap Depreciation
Depreciation
1404000
CY2019Q1 us-gaap Provision For Loan And Lease Losses
ProvisionForLoanAndLeaseLosses
1200000
CY2018Q1 us-gaap Provision For Loan And Lease Losses
ProvisionForLoanAndLeaseLosses
3300000
CY2019Q1 us-gaap Gains Losses On Sales Of Other Real Estate
GainsLossesOnSalesOfOtherRealEstate
0
CY2018Q1 us-gaap Gains Losses On Sales Of Other Real Estate
GainsLossesOnSalesOfOtherRealEstate
-16000
CY2019Q1 us-gaap Amortization Of Mortgage Servicing Rights Ms Rs
AmortizationOfMortgageServicingRightsMSRs
122000
CY2018Q1 us-gaap Amortization Of Mortgage Servicing Rights Ms Rs
AmortizationOfMortgageServicingRightsMSRs
132000
CY2019Q1 us-gaap Payments For Origination And Purchases Of Loans Held For Sale
PaymentsForOriginationAndPurchasesOfLoansHeldForSale
7454000
CY2018Q1 us-gaap Payments For Origination And Purchases Of Loans Held For Sale
PaymentsForOriginationAndPurchasesOfLoansHeldForSale
9506000
CY2019Q1 us-gaap Gain Loss On Sales Of Loans Net
GainLossOnSalesOfLoansNet
258000
CY2018Q1 us-gaap Gain Loss On Sales Of Loans Net
GainLossOnSalesOfLoansNet
350000
CY2019Q1 us-gaap Proceeds From Sale Of Loans Held For Sale
ProceedsFromSaleOfLoansHeldForSale
6835000
CY2018Q1 us-gaap Proceeds From Sale Of Loans Held For Sale
ProceedsFromSaleOfLoansHeldForSale
11499000
CY2019Q1 us-gaap Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
-1000
CY2018Q1 us-gaap Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
-2000
CY2019Q1 us-gaap Debt And Equity Securities Gain Loss
DebtAndEquitySecuritiesGainLoss
23000
CY2018Q1 us-gaap Debt And Equity Securities Gain Loss
DebtAndEquitySecuritiesGainLoss
-6000
CY2019Q1 us-gaap Accretion Amortization Of Discounts And Premiums Investments
AccretionAmortizationOfDiscountsAndPremiumsInvestments
-817000
CY2018Q1 us-gaap Accretion Amortization Of Discounts And Premiums Investments
AccretionAmortizationOfDiscountsAndPremiumsInvestments
-749000
CY2019Q1 us-gaap Share Based Compensation
ShareBasedCompensation
1200000
CY2018Q1 us-gaap Share Based Compensation
ShareBasedCompensation
1411000
CY2019Q1 lkfn Earning On Life Insurance
EarningOnLifeInsurance
444000
CY2018Q1 lkfn Earning On Life Insurance
EarningOnLifeInsurance
363000
CY2019Q1 lkfn Gain On Life Insurance
GainOnLifeInsurance
841000
CY2018Q1 lkfn Gain On Life Insurance
GainOnLifeInsurance
201000
CY2019Q1 us-gaap Excess Tax Benefit From Share Based Compensation Operating Activities
ExcessTaxBenefitFromShareBasedCompensationOperatingActivities
529000
CY2018Q1 us-gaap Excess Tax Benefit From Share Based Compensation Operating Activities
ExcessTaxBenefitFromShareBasedCompensationOperatingActivities
761000
CY2019Q1 us-gaap Increase Decrease In Operating Assets
IncreaseDecreaseInOperatingAssets
1342000
CY2018Q1 us-gaap Increase Decrease In Operating Assets
IncreaseDecreaseInOperatingAssets
2130000
CY2019Q1 us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
1276000
CY2018Q1 us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
2395000
CY2019Q1 us-gaap Adjustments To Reconcile Net Income Loss To Cash Provided By Used In Operating Activities
AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities
1977000
CY2018Q1 us-gaap Adjustments To Reconcile Net Income Loss To Cash Provided By Used In Operating Activities
AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities
7603000
CY2019Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
23659000
CY2018Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
25939000
CY2019Q1 us-gaap Proceeds From Sale Of Available For Sale Securities
ProceedsFromSaleOfAvailableForSaleSecurities
13693000
CY2018Q1 us-gaap Proceeds From Sale Of Available For Sale Securities
ProceedsFromSaleOfAvailableForSaleSecurities
12322000
CY2019Q1 us-gaap Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
16026000
CY2018Q1 us-gaap Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
12659000
CY2019Q1 us-gaap Payments To Acquire Available For Sale Securities
PaymentsToAcquireAvailableForSaleSecurities
22183000
CY2018Q1 us-gaap Payments To Acquire Available For Sale Securities
PaymentsToAcquireAvailableForSaleSecurities
53841000
CY2019Q1 us-gaap Payments To Acquire Life Insurance Policies
PaymentsToAcquireLifeInsurancePolicies
5362000
CY2018Q1 us-gaap Payments To Acquire Life Insurance Policies
PaymentsToAcquireLifeInsurancePolicies
258000
CY2019Q1 us-gaap Payments For Proceeds From Loans And Leases
PaymentsForProceedsFromLoansAndLeases
24356000
CY2018Q1 us-gaap Payments For Proceeds From Loans And Leases
PaymentsForProceedsFromLoansAndLeases
32003000
CY2019Q1 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
10000
CY2018Q1 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
1000
CY2019Q1 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
2091000
CY2018Q1 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
678000
CY2019Q1 us-gaap Proceeds From Sale Of Other Real Estate
ProceedsFromSaleOfOtherRealEstate
0
CY2018Q1 us-gaap Proceeds From Sale Of Other Real Estate
ProceedsFromSaleOfOtherRealEstate
12000
CY2019Q1 us-gaap Proceeds From Life Insurance Policies
ProceedsFromLifeInsurancePolicies
1483000
CY2018Q1 us-gaap Proceeds From Life Insurance Policies
ProceedsFromLifeInsurancePolicies
564000
CY2019Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-22780000
CY2018Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-61222000
CY2019Q1 us-gaap Increase Decrease In Deposits
IncreaseDecreaseInDeposits
103372000
CY2018Q1 us-gaap Increase Decrease In Deposits
IncreaseDecreaseInDeposits
90833000
CY2019Q1 us-gaap Proceeds From Repayments Of Short Term Debt
ProceedsFromRepaymentsOfShortTermDebt
46445000
CY2018Q1 us-gaap Proceeds From Repayments Of Short Term Debt
ProceedsFromRepaymentsOfShortTermDebt
24064000
CY2019Q1 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
0
CY2018Q1 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
80030000
CY2019Q1 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
6581000
CY2018Q1 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
5545000
CY2019Q1 lkfn Proceeds From Repayment Of Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options
ProceedsFromRepaymentOfIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions
-2089000
CY2018Q1 lkfn Proceeds From Repayment Of Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options
ProceedsFromRepaymentOfIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions
-2483000
CY2019Q1 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
195000
CY2018Q1 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
185000
CY2019Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-29048000
CY2018Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
26654000
CY2019Q1 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
-28169000
CY2018Q1 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
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<div style="text-align: left"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; font-weight: normal; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Reclassifications</div></div></div><div>&#160;</div><div style="text-align: left; text-indent: 36pt"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">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.</div></div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table>
CY2019Q1 lkfn Derivative Asset Gross Value Offset
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CY2018Q4 lkfn Derivativeassetcollateralobligationtoreturncashnotoffset
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CY2019Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Two
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CY2019Q1 us-gaap Lessee Operating Lease Liability Payments Due
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CY2018Q1 us-gaap Stockholders Equity
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CY2019Q1 lkfn New Accounting Pronouncement Or Change In Accounting Principle Effect Of Change On Net Equity
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CY2019Q1 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
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CY2019Q1 lkfn Exercises Of Warrants Value
ExercisesOfWarrantsValue
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CY2019Q1 us-gaap Repayments Of Short Term Debt
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CY2018Q1 us-gaap Repayments Of Short Term Debt
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CY2019Q1 us-gaap Operating Lease Liability
OperatingLeaseLiability
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CY2019Q1 dei Document Type
DocumentType
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CY2019Q1 dei Amendment Flag
AmendmentFlag
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CY2019Q1 dei Document Period End Date
DocumentPeriodEndDate
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CY2019Q1 lkfn Treasury Stock Sold And Distributed Under Deferred Directors Plan Value
TreasuryStockSoldAndDistributedUnderDeferredDirectorsPlanValue
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CY2019Q1 us-gaap Stock Issued During Period Value Share Based Compensation
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CY2019Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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1200000
CY2019Q1 us-gaap Operating Lease Cost
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ShortTermLeaseCost
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CY2019Q1 dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2019
CY2019Q1 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q1
CY2019Q1 dei Entity Registrant Name
EntityRegistrantName
LAKELAND FINANCIAL CORP
CY2019Q1 dei Entity Central Index Key
EntityCentralIndexKey
0000721994
CY2019Q1 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
CY2019Q1 dei Entity Filer Category
EntityFilerCategory
Large Accelerated Filer
CY2019Q1 dei Trading Symbol
TradingSymbol
LKFN
CY2019Q2 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
25614665
CY2019Q1 dei Entity Emerging Growth Company
EntityEmergingGrowthCompany
false
CY2019Q1 dei Entity Small Business
EntitySmallBusiness
false
CY2018Q4 us-gaap Accumulated Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
AccumulatedOtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
-4796000
CY2019Q1 us-gaap Lease Cost
LeaseCost
125000

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