Lake City Bank (LKFN) 2017年年度报告「NASDAQ」.pdf

1、2Lake City Bank Shareholders,Clients and Community Partners:As we reflect on a record 2017,the Lake City Bank team is particularly proud that we continue to demonstrate it is possible to focus on employees,clients and communities and at the same time perform for shareholders.Ultimately,we understand

2、 that its our performance for shareholders that allows us to remain an independent community bank.However,our priorities start with our team of nearly 600 people who impact the business every day.As always,this annual report will focus on our community and client relationships and at the same time r

3、eport on our financial performance.A Record YearWhile financial performance is critical to our success,it does not tell the story of Lake City Bank.People,not numbers,are at our core.Yet,the numbers tell a pretty good story.Our record net income in 2017 of$57.3 million represented the highest earnin

4、gs in our 145-year history and was our eighth consecutive year of record income.As a testimony to our long term success,it also represented the 28th year of record net income in the last 29 years.Our story cannot be told without reflecting on our unwavering commitment to help our retail and commerci

5、al clients build a financial future through our lending business.We grew average total loans by$385 million in 2017,an increase of 12%.Equally important to our success is our funding strategy,which provides our clients with an array of aggressively priced and creatively structured retail and commerc

6、ial deposit products.In 2017,we successfully grew average total deposits by$279 million,or 8%.When it comes to shareholder value,were pretty proud of our performance in both the short and long term.Ultimately,we are focused on the long term.A dollar invested in Lakeland Financial on December 31,2000