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Lake City Bank posts record first quarter
Monday Apr 27, 2015 3:10pm
WARSAW – Lakeland Financial Corporation – parent of Lake City Bank – posted a record first quarter.
The Warsaw based company reported net income of $11.1 million, an increase of 12 percent from a year ago.
Diluted net income per common share also increased 12 percent to 66-cents.
President and CEO David M. Findlay said they grew their commercial and industrial and commercial real estate loan portfolios by $59.6 million during the quarter.