Lake City Bank in Warsaw, Indiana (IN)
Overview, Financial Summary, Detailed Financial Reports, Branches


Lake City Bank - Overview

  • General
  • FDIC Certificate #: 13102
    Status: Active
    Federal Reserve ID: 874845
    Bank Holding Company (Regulatory Top Holder): Lakeland Financial Corporation (RSSDID: 1208906, Location: Warsaw, IN)
    Date Established: January 01, 1872
    WWW: http://www.lakecitybank.com
    Trust Powers Granted: Yes
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 46 (Domestic: 45, Foreign: 1, Interstate: No)
    OTS Docket #: 8964
    FDIC's unique #: 8287
    Numeric code: 13
    Regulator: FED
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: Yes
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: April 18, 2006
    Last Structure Change Process Date: May 11, 2006
    Last Data Update: May 11, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: 202 East Center Street, Warsaw, IN 46581
    County: Kosciusko
    Quarterly Banking Profile Region: Chicago
    FDIC Geographic Region: Chicago
    FDIC Supervisory Region: Chicago
    FDIC Field Office: Indianapolis
    Office of the Comptroller the Currency (OCC) District: Central
    Office of Thrift Supervision Region: Central
    Core Based Statistical Area (CBSA): Warsaw, IN (#47700)
    CBSA Micro Statistical Area: Yes
  • History of Changes
  • Change in Primary Regulatory Agency
    Change in Supervisory Agency
    Institution Becomes a Member of FRS (Federal Reserve System)
  • Financial Summary
  • Total assets: $2,885.4 mil
    Equity capital: $298.5 mil
    Deposits held in domestic offices: $2,413.2 mil
    Return on assets (ROA): 1.17% ($33.8 mil)
    Quarterly return on assets: 1.22% ($35.2 mil)
    Return on Equity (ROE): 11.35% ($33.8 mil)
    Quarterly return on equity: 11.74% ($35.0 mil)
    Net income: $32.4 mil
    Quarterly Net income: $8.7 mil
    Pretax return on assets: 1.74% ($50,206.7 mil)
    Quarterly Pretax return on assets: 1.77% ($51,072.4 mil)

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

2000 - 2011 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Historical total employees (full-time equivalent)

Assets and Liabilities (December 31, 2011)

  • Dollar figures in thousands
  • 482Total employees (full-time equivalent)
  • $2,885,445Total assets
  • $58,204Cash and due from depository institutions
  • $7,444Interest-bearing balances
  • $468,047Securities
  • $45,476Federal funds sold & reverse repurchase agreements
  • $2,183,262Net loans & leases
  • $53,400Loan loss allowance
  • $0Trading account assets
  • $34,736Bank premises and fixed assets
  • $2,075Other real estate owned
  • $7,110Goodwill and other intangibles
  • $2,885,445Life insurance assets
  • $86,535All other assets
  • $2,586,890Total liabilities and capital
  • $2,413,204Total liabilities
  • $2,056,014Total deposits
  • $2,413,204Interest-bearing deposits
  • $59Deposits held in domestic offices
  • 141990.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $15,040Trading liabilities
  • $0Other borrowed funds
  • $16,656Subordinated debt
  • $298,555All other liabilities
  • $298,466Total equity capital
  • $298,466Total bank equity capital
  • $0Perpetual preferred stock
  • $2,182Common stock
  • $111,807Surplus
  • $184,477Undivided profits
  • Memoranda
  • $89Noncurrent loans and leases
  • $2,953Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $39,501Income earned, not collected on loans
  • $0Earning assets
  • $9,604Long-term assets (5+ years)
  • $2,704,229Average Assets, year-to-date
  • $665,960Average Assets, quarterly
  • $2,772,836Volatile liabilities
  • $2,854,504Insider loans
  • $2,374,752FHLB advances
  • $2,875,450Loans and leases held for sale
  • $39,959Unused loan commitments
  • $7,499Tier 1 (core) risk-based capital
  • $288,053Tier 2 risk-based capital
  • $32,460Total risk weighted assets
  • $0Total unused commitments
  • $1,089,173Restructured Loans and leases
  • $111,525Derivatives
  • $212,613Total assets and liabilities in foreign offices

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $122,254Total interest income
  • $28,758Total interest expense
  • $93,496Net interest income
  • $13,800Provision for loan and lease losses
  • $22,186Total noninterest income
  • $3,462Fiduciary activities
  • $7,950Service charges on deposit accounts
  • $0Trading account gains & fees
  • $10,774Additional noninterest income
  • $53,182Total noninterest expense
  • $31,465Salaries and employee benefits
  • $5,310Premises and equipment expense
  • $16,407Additional noninterest expense
  • $48,700Pre-tax net operating income
  • -$452Securities gains (losses)
  • $15,830Applicable income taxes
  • $32,418Income before extraordinary items
  • $0Extraordinary gains - net
  • $32,405Net income attributable to bank
  • $13Net charge-offs
  • $32,418Cash dividends
  • $5,407Sale, conversion, retirement of capital stock, net
  • $10,475Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.71%Yield on earning assets
  • 1.11%Cost of funding earning assets
  • 3.60%Net interest margin
  • 0.85%Noninterest income to earning assets
  • 2.05%Noninterest expense to earning assets
  • 1.18%Net operating income to assets
  • 1.17%Return on assets (ROA)
  • 1.74%Pretax return on assets
  • 11.35%Return on equity (ROE)
  • 7.68%Retained earnings to average equity (YTD only)
  • 0.25%Net charge-offs to loans
  • 255.22%Credit loss provision to net charge-offs
  • 11.56%Efficiency ratio
  • 45,926Assets per employee
  • 5.99%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 32.33%Loss allowance to loans
  • 2.39%Loss allowance to noncurrent loans
  • 135.19%Noncurrent assets plus other real estate owned to assets
  • 1.44%Noncurrent loans to loans
  • 1.77%Net loans and leases to deposits
  • 90.47%Net loans and leases to core deposits
  • 99.73%Equity capital to assets
  • 10.34%Core capital (leverage) ratio
  • 10.02%Tier 1 risk-based capital ratio
  • 12.13%Total risk-based capital ratio
  • Memoranda
  • $13Average assets
  • $2,772,836Average earning assets
  • $285,439Average equity
  • $2,598,296Average loans

Total Fiduciary and Related Assets (December 31, 2011)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $913,047Managed Assets
  • 1Number of Accounts
  • $453,640Personal trust and agency accounts
  • $324,461Employee benefit-defined contribution accounts
  • $3,822Employee benefit-defined benefit accounts
  • $8,686Other retirement accounts
  • $61,364Corporate trust and agency accounts
  • $22,703Investment management agency accounts
  • $0Other fiduciary accounts
  • $32,604Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 1235Number of Accounts
  • $0Personal trust and agency accounts
  • $61,364Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $459,407Other retirement accounts
  • $252,138Corporate trust and agency accounts
  • $90,631Other fiduciary accounts
  • $11,703Fiduciary accounts held in foreign offices

List of branches

  • 1 Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    50229114Lcb Investments LimitedCedar House, 41 Cedar Avenue, Hamilton Hm 12, 0November 01, 1999Limited Service Administrative
  • 45 Indiana Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    08287Lake City Bank202 East Center Street, Warsaw, IN 46581January 01, 1872Full Service Brick and Mortar
    1229084Winona Lake Branch99 Chestnut Avenue, Winona Lake, IN 46590December 06, 1965Full Service Brick and Mortar
    2229085Silver Lake Branch102 East Main Street, Silver Lake, IN 46982May 02, 1966Full Service Brick and Mortar
    3229086Drive-In Branch220 East Center Street, Warsaw, IN 46580July 31, 1970Limited Service Facility
    4229087West Lake Branch1221 West Lake Street, Warsaw, IN 46580October 04, 1972Full Service Brick and Mortar
    5229088North Webster Branch644 North Main Street, North Webster, IN 46555December 16, 1974Full Service Brick and Mortar
    6229089Syracuse Branch502 South Huntington Street, Syracuse, IN 46567April 19, 1982Full Service Brick and Mortar
    7229090Mentone Branch202 East Main Street, Mentone, IN 46539January 03, 1984Full Service Brick and Mortar
    8229091Milford Branch311 West Syracuse Street, Milford, IN 46542January 04, 1984Full Service Brick and Mortar
    11229092Pierceton Branch108 South First Street, Pierceton, IN 46562August 06, 1984Full Service Brick and Mortar
    13229094Warsaw East Branch3601 Commerce Drive, Warsaw, IN 46580April 02, 1990Full Service Brick and Mortar
    14229095Akron Branch102 East Rochester Street, Akron, IN 46910October 03, 1990Full Service Brick and Mortar
    1543860Goshen Downtown Branch102 North Main Street, Goshen, IN 46526April 28, 1958Full Service Brick and Mortar
    16275407Nappanee Branch202 West Market Street, Nappanee, IN 46550January 01, 1882Full Service Brick and Mortar
    18234540Argos Branch100 North Michigan Street, Argos, IN 46501June 30, 1934Full Service Brick and Mortar
    19190198Bremen Branch1600 State Road 331, Bremen, IN 46506June 19, 1978Full Service Brick and Mortar
    20229097Goshen Branch2513 South Main Street, Goshen, IN 46526September 18, 1992Full Service Brick and Mortar
    21229098Elkhart Branch864 East Beardsley Avenue, Elkhart, IN 46516September 08, 1993Full Service Brick and Mortar
    22238664Ligonier South BranchU.S. Highway 33 South, Ligonier, IN 46767June 06, 1975Full Service Brick and Mortar
    24238666Cromwell Branch111 North Jefferson Street, Cromwell, IN 46732November 20, 1993Full Service Brick and Mortar
    25229099Elkhart East Branch22050 State Road 120, Elkhart, IN 46515October 24, 1994Full Service Brick and Mortar
    26229100Shipshewana Branch895 North Van Buren Street, Shipshewana, IN 46565November 29, 1994Full Service Brick and Mortar
    27229101Middlebury Branch712 Wayne Avenue, Middlebury, IN 46540March 30, 1995Full Service Brick and Mortar
    2814994Lagrange Branch901 South Detroit Street, Lagrange, IN 46761July 01, 1974Full Service Brick and Mortar
    29229102Concord Goshen Branch4202 Elkhart Road, Goshen, IN 46526September 11, 1995Full Service Brick and Mortar
    30229103Rochester Branch507 East Ninth Street, Rochester, IN 46975November 24, 1995Full Service Brick and Mortar
    31229104Kendallville Branch631 Professional Way, Kendallville, IN 46755May 23, 1996Full Service Brick and Mortar
    32229105Elkhart Hubbard Hill Branch58404 State Road 19, Elkhart, IN 46516September 18, 1996Full Service Brick and Mortar
    33229106Elkhart Northwest Branch1206 North Nappanee, Elkhart, IN 46516April 18, 1997Full Service Brick and Mortar
    34229107Granger Branch12830 State Road 23, Granger, IN 46530May 30, 1997Full Service Brick and Mortar
    35229108Direct Banking CenterWww.Lakecitybank.com, Warsaw, IN 46581January 01, 1997Full Service Cyber
    37229110Mishawaka Branch5015 Main Street, Mishawaka, IN 46544November 24, 1997Full Service Brick and Mortar
    38224374Huntington Branch1501 North Jefferson, Huntington, IN 46750December 23, 1986Full Service Brick and Mortar
    39166Ligonier Downtown Branch222 South Cavin Street, Ligonier, IN 46767December 01, 1928Full Service Brick and Mortar
    41231510Columbia City BranchSr 9 And U.S. 30, Columbia City, IN 46725Febuary 17, 1986Full Service Brick and Mortar
    43229185Medaryville Branch205 East Main Street, Medaryville, IN 47957October 23, 1957Full Service Brick and Mortar
    47229111Plymouth Branch826 East Jefferson Street, Plymouth, IN 46563April 15, 1998Full Service Brick and Mortar
    48229112Fort Wayne North Branch302 East Dupont Road, Fort Wayne, IN 46825June 02, 1999Full Service Brick and Mortar
    51357626Grace Village Branch1324 Wooster Road, Winona Lake, IN 46590September 01, 1999Full Service Brick and Mortar
    52358298Fort Wayne Southwest Branch10429 Illinois Road, Fort Wayne, IN 46804October 06, 2000Full Service Brick and Mortar
    53361125South Bend Northwest Branch21113 Cleveland Road, South Bend, IN 46628April 30, 2001Full Service Brick and Mortar
    54362309Fort Wayne Northeast Branch10411 Maysville Road, Fort Wayne, IN 46835September 17, 2001Full Service Brick and Mortar
    55365926Auburn Branch1220 East 7th Street, Auburn, IN 46706November 04, 2002Full Service Brick and Mortar
    56422532Warsaw North Branch420 Chevy Way, Warsaw, IN 46581September 02, 2003Full Service Brick and Mortar
    57424633Fort Wayne Jefferson Branch6851 W Jefferson Blvd, Fort Wayne, IN 46804December 01, 2003Full Service Brick and Mortar

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