1、LAKELAND FINANCIAL CORPORATIONC EL EBRATING 1 5 0 YE A R S OF C OM M U N I T Y ANNUAL REPORT22 0 2 2 AN NUAL REPORT|C EL EBRAT I N G 1 5 0 Y EA RS O F C O M M U N I TYWe are immensely proud of our 150 year history of community banking.Lake City Bank Shareholders,Clients and Community Partners:On May
2、 14,2022,the Lake City Bank team kicked off the celebration surrounding the banks 150th anniversary with donations totaling$150,000 to the community foundations in each of our 15 Indiana counties.After 150 years,we continue to recognize that the communities where we live and work define our culture
3、which is at the core of our long term success.On a spring day in 1872,a group of community leaders came together and decided that Warsaw,Indiana,a town of less than 2,000 residents,needed a fourth bank.They raised capital from the community to start Lake City Bank and weve been serving our Indiana c
4、ommunities ever since.The fact that the name Lake City Bank is still on our door is a testament to the team members who preceded us at the bank and those who work here today.We are immensely proud of our 150 year history of community banking and look forward to writing the next chapter as we move in
5、to 2023.In 2022,we reached another milestone with net income exceeding$100 million for the first time in our history.As we have in 32 of the last 34 years,the Lake City Bank team produced record net income and earnings per share for shareholders.We are very proud of our consistent track record of hi
6、gh quality financial performance driven by our long term organic growth strategy.Its a three-plus decade track record of financial success that reflects our consistent and stable ability to generate strong performance for our shareholders.Once again,balance sheet growth was 100%driven by our long-st