1、Annual ReportLAKELAND FINANCIAL CORPORATION2024 ANNUAL REPORT2Letter to ShareholdersLake City Bank Shareholders,Clients and Community Partners:2024 was a great year for the Lake City Bank team.Our foundational building blocks were strengthened during the year and we are excited to move the business
2、forward in 2025.At our core,we are a true community bank dedicated to the communities we serve.On pages 16 and 17 of this annual report,you will learn about our extensive involvement in two organizations that are important to our Indiana communities,Habitat for Humanity and Junior Achievement.Volunt
3、eerism is a way of life at Lake City Bank.We encourage our team members to find an organization that is important to them in their communities and get involved.For some,such as Vice President Jana Miller,pictured on page 17,its a passion that has led to more than two decades of commitment.Over the l
4、ast 23 years,Jana has dedicated thousands of hours to Junior Achievement.She loves her community,cares for it deeply and her service to Junior Achievement has created a lifetime of memories for her and the youth that she has served.Janas story repeats itself throughout our workforce every day and in
5、 every market.We truly care about our communities and are very proud of the impact Lake City Bank team members have in all 15 Indiana Counties we serve.The bank was founded in Kosciusko County in 1872 and has been headquartered in Warsaw for our entire 153-year history.Our roots run deep in our home
6、town,and we are proud to be the largest employer in Downtown Warsaw with over 271 team members working here every day.Today,we have a 67%market share of all Kosciusko County deposits.Thats exceptional and we are very happy to take care of our hometown clients and friends.During 2024,we purchased a n