Lakeland Financial Corporation (LKFN): Business Model Canvas

In der dynamischen Landschaft des regionalen Bankwesens entwickelt sich die Lakeland Financial Corporation (LKFN) zu einem strategischen Kraftpaket, das traditionelles, gemeinschaftsorientiertes Banking mit modernster digitaler Innovation verbindet. Durch die sorgfältige Ausarbeitung eines Geschäftsmodells, das personalisierte Finanzlösungen, lokale Marktexpertise und technologischen Fortschritt in den Vordergrund stellt, hat sich LKFN als herausragender Akteur im wettbewerbsintensiven Finanzdienstleistungs-Ökosystem positioniert. Diese umfassende Untersuchung ihres Business Model Canvas enthüllt die komplizierten Mechanismen, die ihren Erfolg vorantreiben, und bietet Einblicke, wie eine Regionalbank technologische Leistungsfähigkeit, gesellschaftliches Engagement und strategische Finanzdienstleistungen effektiv in Einklang bringen kann.

Lakeland Financial Corporation (LKFN) – Geschäftsmodell: Wichtige Partnerschaften

Lokale und regionale Unternehmensnetzwerke

Ab 2024 unterhält Lakeland Financial Corporation strategische Partnerschaften mit:

Handelskammer von Indiana	Aktives Mitglied seit 1989
Wirtschaftsentwicklungsorganisationen	12 aktive regionale Partnerschaften
Lokale Wirtschaftsverbände	23 aktive Kooperationsnetzwerke

Gemeinschaftsbanken und Finanzinstitute

Das Partnerschaftsnetzwerk umfasst:

• 15 regionale Gemeinschaftsbankkooperationen
• 7 zwischenstaatliche Bankpartnerschaftsabkommen
• 3 Shared-Service-Netzwerkvereinbarungen

Technologiedienstleister

Anbieter von Kernbankensoftware	Jack Henry & Mitarbeiter
Partner für Cybersicherheit	Symantec Enterprise
Cloud-Infrastruktur	Microsoft Azure
Digitale Banking-Plattform	Fiserv-Lösungen

Hypotheken- und Kreditpartner

Primäre Kooperationspartner bei der Kreditvergabe:

• Fannie Mae – Konventionelle Hypothekenprogramme
• Freddie Mac – Sekundärhypothekenmarkt
• Small Business Administration (SBA) – Kreditprogramme für Unternehmen

Versicherungs- und Investmentfirmen

Investitionspartnerschaft	Raymond James Finanzen
Versicherungskooperation	Chubb Limited
Wealth-Management-Partner	Lincoln Financial Group

Lakeland Financial Corporation (LKFN) – Geschäftsmodell: Hauptaktivitäten

Kommerzielle und persönliche Bankdienstleistungen

Im vierten Quartal 2023 meldete die Lakeland Financial Corporation Gesamtkredite in Höhe von 4,97 Milliarden US-Dollar, wobei Gewerbe- und Verbraucherkredite das Kernbankportfolio ausmachten.

Kreditkategorie	Gesamtbetrag	Prozentsatz des Portfolios
Gewerbliche Kredite	3,42 Milliarden US-Dollar	68.8%
Verbraucherkredite	1,55 Milliarden US-Dollar	31.2%

Hypothekendarlehen und -vergabe

Im Jahr 2023 hat Lakeland Financial Hypothekendarlehen in Höhe von 612 Millionen US-Dollar aufgenommen, was einer Steigerung von 5,2 % gegenüber dem Vorjahr entspricht.

• Wohnhypothekenportfolio: 487 Millionen US-Dollar
• Gewerbliche Immobilienkredite: 125 Millionen US-Dollar

Vermögensverwaltung und Finanzberatung

Das Vermögensverwaltungssegment verwaltete zum 31. Dezember 2023 ein verwaltetes Vermögen (AUM) in Höhe von 1,23 Milliarden US-Dollar.

Servicekategorie	Gesamtvermögen
Individuelle Vermögensverwaltung	823 Millionen Dollar
Unternehmensvermögensdienstleistungen	407 Millionen Dollar

Entwicklung einer digitalen Banking-Plattform

Die digitalen Banktransaktionen stiegen im Jahr 2023 um 22,3 % 1,8 Milliarden US-Dollar über digitale Kanäle verarbeitet.

• Mobile-Banking-Nutzer: 68.500
• Online-Banking-Transaktionen: 3,2 Millionen
• Digitales Zahlungsvolumen: 456 Millionen US-Dollar

Risikomanagement und Compliance

Lakeland Financial zugewiesen 12,7 Millionen US-Dollar zu den Risikomanagement- und Compliance-Aktivitäten im Jahr 2023.

Compliance-Bereich	Investition
Einhaltung gesetzlicher Vorschriften	6,3 Millionen US-Dollar
Cybersicherheit	4,2 Millionen US-Dollar
Interne Revision	2,2 Millionen US-Dollar

Lakeland Financial Corporation (LKFN) – Geschäftsmodell: Schlüsselressourcen

Erfahrenes Finanzmanagement-Team

Zum Führungsteam der Lakeland Financial Corporation gehören ab dem 4. Quartal 2023:

Position	Name	Amtszeit
Präsident & CEO	David M. Findlay	15+ Jahre
Finanzvorstand	Jill Deetz York	10+ Jahre

Starke regionale Bankeninfrastruktur

Einzelheiten zur Infrastruktur der Lakeland Financial Corporation:

• Gesamtfilialen: 52 Standorte
• Hauptversorgungsgebiet: Nord-Indiana
• Gesamtvermögen: 6,8 Milliarden US-Dollar (31. Dezember 2023)
• Gesamteinlagen: 5,9 Milliarden US-Dollar (31. Dezember 2023)

Robuste digitale Banking-Technologie

Zu den digitalen Banking-Funktionen gehören:

• Online-Banking-Plattform
• Mobile-Banking-Anwendung
• Digitales Transaktionsvolumen: 2,3 Millionen monatliche Transaktionen

Kundenvertrauen und Reputation

Metrisch	Wert
Kundenbindungsrate	89%
Community-Bank-Ratings	4.7/5.0

Umfangreiche lokale Marktkenntnisse

Statistiken zur Marktdurchdringung:

• Marktanteil in Nord-Indiana: 22,5 %
• Marktanteil bei gewerblichen Krediten: 18,3 %
• Marktanteil im Privatkundengeschäft: 25,7 %

Lakeland Financial Corporation (LKFN) – Geschäftsmodell: Wertversprechen

Personalisierte Banklösungen

Ab dem vierten Quartal 2023 bietet Lakeland Financial Corporation:

Produkttyp	Anzahl der Angebote	Durchschnittliche Kundenreichweite
Persönliche Girokonten	7 verschiedene Kontotypen	32.456 Kunden
Business-Banking-Lösungen	5 Spezialpakete	8.234 Geschäftskunden
Vermögensverwaltungsdienstleistungen	3 umfassende Programme	2.567 vermögende Kunden

Wettbewerbsfähige Zinssätze

Zinsvergleich für 2024:

Kontotyp	LKFN-Rate	Regionaler Durchschnitt
Sparkonten	4.25%	3.87%
CD-Preise (12 Monate)	5.15%	4.72%
Hypothekenzinsen	6.75%	7.12%

Lokale Entscheidungsfindung und schnelle Genehmigungen

Kennzahlen zur Kreditbearbeitung:

• Durchschnittliche Kreditgenehmigungszeit: 2,3 Werktage
• Lokale Entscheidungsquote: 98,6 %
• Kreditgenehmigungsquote: 76,4 %

Erweiterte digitale Banking-Funktionen

Digital-Banking-Leistung im Jahr 2023:

Digitaler Service	Benutzerakzeptanzrate	Transaktionsvolumen
Mobile-Banking-App	67.3%	1,2 Millionen monatliche Transaktionen
Online-Rechnungszahlung	58.9%	845.000 monatliche Transaktionen
Digitale Scheckeinzahlung	62.7%	673.000 monatliche Transaktionen

Community-orientierte finanzielle Unterstützung

Community-Investitionskennzahlen:

• Gesamte Reinvestition der Gemeinschaft im Jahr 2023: 24,3 Millionen US-Dollar
• Lokale Unternehmenskredite: 87,6 Millionen US-Dollar
• Unterstützung gemeinnütziger Organisationen: 42 lokale Organisationen
• Zuschüsse für die Gemeindeentwicklung: 1,7 Millionen US-Dollar

Lakeland Financial Corporation (LKFN) – Geschäftsmodell: Kundenbeziehungen

Persönliche Bankbeziehungsmanager

Ab 2024 verfügt die Lakeland Financial Corporation über 127 engagierte persönliche Bankkundenbetreuer in ihrem gesamten Netzwerk. Diese Fachleute betreuen durchschnittlich 342 Kundenkonten pro Manager.

Kategorie „Beziehungsmanager“.	Anzahl der Manager	Durchschnittlicher Kundenstamm
Commercial-Banking-Manager	47	189 Konten
Persönliche Bankmanager	80	153 Konten

Community-Engagement und lokale Veranstaltungen

Lakeland Financial Corporation durchgeführt 214 Community-Events im Jahr 2023 mit einem geschätzten Teilnehmerengagement von 18.763 Personen.

• Workshops zur Finanzkompetenz: 87 Veranstaltungen
• Lokale Business-Networking-Sitzungen: 62 Veranstaltungen
• Community-Fundraising-Initiativen: 65 Veranstaltungen

Online- und Mobile-Banking-Unterstützung

Digitale Banking-Plattformen bedienen 72 % des Kundenstamms der Lakeland Financial Corporation, mit 168.432 aktiven Digital-Banking-Nutzern im Jahr 2023.

Digitale Plattform	Aktive Benutzer	Prozentsatz des Kundenstamms
Mobile-Banking-App	134,756	57.3%
Online-Webbanking	33,676	14.7%

Maßgeschneiderte Finanzberatung

Lakeland Financial Corporation bietet spezialisierte Finanzberatungsdienste über mehrere Segmente hinweg mit 92 engagierten Finanzberatern.

• Vermögensverwaltungsberatung: 38 Berater
• Finanzplanung für Kleinunternehmen: 34 Berater
• Spezialisten für Altersvorsorge: 20 Berater

Kundenbindungsprogramme

Das Treueprogramm der Bank umfasst 64.321 aktive Teilnehmer, was 27,8 % des gesamten Kundenstamms entspricht.

Stufe des Treueprogramms	Anzahl der Teilnehmer	Belohnungswertbereich
Silberne Stufe	41,876	Jährliche Prämien von 50 bis 250 US-Dollar
Goldstufe	16,543	Jährliche Prämien von 251 bis 500 US-Dollar
Platin-Stufe	5,902	Jährliche Prämien von 501 bis 1.000 US-Dollar

Lakeland Financial Corporation (LKFN) – Geschäftsmodell: Kanäle

Physisches Filialnetz

Ab 2023 betreibt die Lakeland Financial Corporation 52 Bankstandorte, hauptsächlich in ganz Indiana. Die Bank unterhält eine konzentrierte Präsenz in den folgenden Ländern:

Landkreis	Anzahl der Filialen
Lake County	12
Porter County	8
LaPorte County	6
Andere Indiana Counties	26

Online-Banking-Plattform

Die digitale Plattform bedient rund 45.000 aktive Online-Banking-Nutzer mit folgenden Funktionen:

• Kontostandverfolgung in Echtzeit
• Elektronische Geldtransfers
• Rechnungszahlungsdienste
• Zugriff auf digitale Kontoauszüge

Mobile-Banking-Anwendung

Ab dem vierten Quartal 2023 verfügt die Mobile-Banking-Anwendung von Lakeland Financial über:

Metrisch	Wert
Gesamtzahl der Downloads mobiler Apps	38,752
Monatlich aktive Benutzer	28,435
Volumen der mobilen Scheckeinzahlung	42,6 Millionen US-Dollar pro Quartal

Telefonbanking-Dienste

Telefonbanking-Statistiken für 2023:

• Durchschnittliches tägliches Anrufvolumen: 672 Anrufe
• Kundendienstmitarbeiter: 24
• Durchschnittliche Wartezeit: 3,2 Minuten

ATM-Netzwerk

Die Geldautomaten-Infrastruktur von Lakeland Financial:

Geldautomatentyp	Gesamtzahl	Transaktionsvolumen
Bankeigene Geldautomaten	67	412.000 Transaktionen jährlich
Gemeinsam genutzte Netzwerk-Geldautomaten	185	276.000 Transaktionen jährlich

Lakeland Financial Corporation (LKFN) – Geschäftsmodell: Kundensegmente

Kleine bis mittlere Unternehmen

Im vierten Quartal 2023 betreut die Lakeland Financial Corporation etwa 2.500 kleine und mittlere Unternehmen in Indiana. Das gesamte gewerbliche Kreditportfolio für dieses Segment belief sich auf 487,3 Millionen US-Dollar.

Merkmale des Geschäftssegments	Anzahl der Kunden	Gesamtkreditportfolio
Fertigungsbetriebe	412	98,6 Millionen US-Dollar
Unternehmen im Dienstleistungssektor	673	156,2 Millionen US-Dollar
Einzelhandelsunternehmen	541	112,5 Millionen US-Dollar

Bewohner der örtlichen Gemeinschaft

Lakeland Financial betreut 48.372 Privatbankkunden in 14 Landkreisen in ganz Indiana. Zu den Privatbankprodukten gehören:

• Girokonten: 32.145 Kunden
• Sparkonten: 26.890 Kunden
• Privatkredite: 8.765 Kunden

Unternehmer im Agrarsektor

Agrarkredite machen 22,6 % des gesamten Kreditportfolios von Lakeland aus. Die gesamten Agrarkredite beliefen sich im Jahr 2023 auf 312,5 Millionen US-Dollar und kamen 1.237 landwirtschaftlichen Betrieben zugute.

Agrarsegment	Anzahl der Kunden	Durchschnittliche Kredithöhe
Pflanzenbauern	687	$245,000
Viehzüchter	413	$312,500
Agrarunternehmen	137	$589,000

Privatkunden

Das Retail-Banking-Segment umfasst 35.672 aktive Kunden mit einem durchschnittlichen Kontostand von 24.500 US-Dollar. Die Akzeptanzrate des digitalen Bankings beträgt 68,3 %.

• Mobile-Banking-Nutzer: 24.376
• Online-Banking-Nutzer: 31.245
• Transaktionsvolumen an Geldautomaten: 1,2 Millionen pro Jahr

Vermögende Privatpersonen

Das Segment Vermögensverwaltung betreut 1.243 vermögende Kunden mit einem verwalteten Vermögen von insgesamt 672,4 Millionen US-Dollar (Stand Dezember 2023).

Vermögensstufe	Anzahl der Kunden	Durchschnittlicher Portfoliowert
1- bis 5-Millionen-Dollar-Portfolio	876	2,3 Millionen US-Dollar
5- bis 10-Millionen-Dollar-Portfolio	267	6,8 Millionen US-Dollar
Über 10 Millionen US-Dollar Portfolio	100	15,4 Millionen US-Dollar

Lakeland Financial Corporation (LKFN) – Geschäftsmodell: Kostenstruktur

Gehälter und Leistungen der Mitarbeiter

Im Jahresbericht 2022 meldete die Lakeland Financial Corporation einen Gesamtaufwand für Vergütungen und Sozialleistungen in Höhe von 64,4 Millionen US-Dollar.

Ausgabenkategorie	Betrag ($)
Gehälter	47,200,000
Leistungen an Arbeitnehmer	17,200,000

Wartung der Technologieinfrastruktur

Die Technologie- und Infrastrukturausgaben für 2022 beliefen sich auf 12,6 Millionen US-Dollar.

• Investitionen in IT-Hardware: 4,2 Millionen US-Dollar
• Softwarelizenzierung: 3,8 Millionen US-Dollar
• Cybersicherheitssysteme: 2,9 Millionen US-Dollar
• Netzwerkwartung: 1,7 Millionen US-Dollar

Betriebskosten der Filiale

Die gesamten filialbezogenen Betriebskosten beliefen sich im Jahr 2022 auf 18,3 Millionen US-Dollar.

Filialausgabenkategorie	Betrag ($)
Miete und Belegung	7,500,000
Dienstprogramme	3,200,000
Wartung	4,600,000
Ausrüstung	3,000,000

Kosten für die Einhaltung gesetzlicher Vorschriften

Die Regulierungs- und Compliance-Aufwendungen für 2022 beliefen sich auf insgesamt 5,7 Millionen US-Dollar.

• Rechtsberatung: 2,1 Millionen US-Dollar
• Prüfung und Berichterstattung: 1,8 Millionen US-Dollar
• Compliance-Schulung: 900.000 US-Dollar
• Zulassungsgebühren: 900.000 US-Dollar

Aufwendungen für Marketing und Kundenakquise

Die Marketingausgaben beliefen sich im Jahr 2022 auf 6,2 Millionen US-Dollar.

Kategorie der Marketingausgaben	Betrag ($)
Digitales Marketing	2,500,000
Traditionelle Werbung	1,800,000
Kundenakquise	1,400,000
Werbematerialien	500,000

Lakeland Financial Corporation (LKFN) – Geschäftsmodell: Einnahmequellen

Zinserträge aus Darlehen

Für das Geschäftsjahr 2023 berichtete Lakeland Financial Corporation 141,8 Millionen US-Dollar an den gesamten Zinserträgen. Aufschlüsselung der Kreditzinsen:

Darlehenstyp	Zinserträge
Gewerbliche Kredite	87,3 Millionen US-Dollar
Hypothekendarlehen für Wohnimmobilien	38,5 Millionen US-Dollar
Verbraucherkredite	15,9 Millionen US-Dollar

Gebühren für Bankdienstleistungen

Die Gebühren für Bankdienstleistungen für das Jahr 2023 betragen insgesamt 22,6 Millionen US-Dollar, mit folgender Verteilung:

• Kontoführungsgebühren: 8,2 Millionen US-Dollar
• Transaktionsgebühren: 6,7 Millionen US-Dollar
• Gebühren für Geldautomaten und Debitkarten: 4,9 Millionen US-Dollar
• Andere Bankdienstleistungen: 2,8 Millionen US-Dollar

Gebühren für die Vergabe von Hypotheken

Die Hypothekenvergabegebühren im Jahr 2023 betrugen 5,4 Millionen US-Dollar. Detaillierte Aufschlüsselung:

Hypothekentyp	Entstehungsgebühren
Wohnhypotheken	4,1 Millionen US-Dollar
Gewerbliche Hypotheken	1,3 Millionen US-Dollar

Vermögensverwaltungskommissionen

Die Vermögensverwaltungsprovisionen für 2023 beliefen sich auf 12,7 Millionen US-Dollar:

• Anlageberatungsdienste: 6,5 Millionen US-Dollar
• Provisionen für die Altersvorsorge: 3,9 Millionen US-Dollar
• Nachlassplanungsdienste: 2,3 Millionen US-Dollar

Verkauf von Anlageprodukten

Der Umsatz aus dem Verkauf von Anlageprodukten für 2023 betrug 9,3 Millionen US-Dollar:

Anlageprodukt	Umsatzerlöse
Investmentfonds	4,6 Millionen US-Dollar
Renten	3,2 Millionen US-Dollar
Andere Anlageprodukte	1,5 Millionen Dollar

Lakeland Financial Corporation (LKFN) - Canvas Business Model: Value Propositions

Community banking model with long-term, in-market relationships

Lakeland Financial Corporation, through Lake City Bank, emphasizes deep, in-market relationships, which is the life blood of their balance sheet growth. They have a long history, dating back to 1872, and focus on funding growth with core deposits in their Northern and Central Indiana communities. The company has had significant relationship growth across all areas of the business during 2025.

Full-service commercial lending and treasury management solutions

The value proposition includes full-service commercial lending. As of the third quarter of 2025, average loans stood at $5.21 billion, representing a 3% increase year-over-year. The commercial and industrial loan portfolio grew by 2% in 2024. Treasury Management services are a key focus area for relationship growth in 2025.

Here's a quick look at some key financial metrics supporting the lending and overall performance as of late 2025:

Metric	Value (Q3 2025)	Context/Comparison
Average Loans	$5.21 billion	Up 3% year-over-year as of Q3 2025.
Net Interest Margin (NIM)	3.50%	Improved by 34 basis points in Q3 2025.
Net Income	$26.4 million	A 13% increase for Q3 2025 versus Q3 2024.
Return on Average Equity (ROE)	14.60%	Up from 13.85% in Q3 2024.

Comprehensive Wealth Advisory and Trust services

Lakeland Financial Corporation offers comprehensive wealth advice through its Wealth Advisory Group, focusing on seven key financial initiatives. Management highlighted significant relationship growth in the wealth advisory business units during 2025. Fees from the Wealth Advisory Group and Treasury Management are positively impacting revenue growth. For the period ending May 2025, Wealth Advisory Group and Treasury Management Fees were reported at $56,844 (units not specified, but showing growth trend).

The Wealth Advisory service level includes:

• Investment & Portfolio Management
• Life Insurance Planning
• Retirement & Cash Flow/Distribution Planning
• Tax Strategy Planning
• Education/College Planning
• Long Term Care Planning
• Family Estate Planning

Technology-forward banking with local, easy access

The commitment to technology is physical; in 2025, Lake City Bank announced plans to invest US$12 million in its Innovation and Technology Center in Warsaw. Access is expanding locally, with the opening of their 54th branch in Carmel, Indiana, in July 2025. The company uses technology-driven treasury management solutions.

Consistent shareholder returns, with a $0.50 quarterly dividend

Lakeland Financial Corporation maintains a commitment to returning value to shareholders. The latest announced quarterly dividend was $0.50 per share, with an ex-dividend date of 10/24/2025. This results in an annual dividend of $2.00 per share. The forward dividend yield is approximately 3.43%. The company has a track record of 14 years of consecutive dividend increases, and the current payout ratio of 52.77% is considered sustainable based on trailing earnings per share.

Shareholder return metrics as of late 2025:

• Quarterly Dividend Amount: $0.50
• Annual Dividend Amount: $2.00
• Forward Dividend Yield: 3.43%
• Consecutive Dividend Increase Years: 14

Finance: draft 13-week cash view by Friday.

Lakeland Financial Corporation (LKFN) - Canvas Business Model: Customer Relationships

You're looking at how Lakeland Financial Corporation, through its subsidiary Lake City Bank, keeps its customers close while simultaneously pushing technology-a classic community bank balancing act. The core philosophy here is building in-market long-term customer relationships while delivering technology-forward solutions for both retail and commercial clients.

The relationship model is dedicated and deeply localized. Lake City Bank serves Central and Northern Indiana communities, operating out of 55 branch offices across 15 Indiana counties as of late 2025. This physical presence supports their primary focus: building expansive commercial lending and deposit relationships through high levels of relationship-based client services. Their commitment to the local market is evident; for instance, they maintain a 67% market share of all Kosciusko County deposits.

For commercial clients, this translates to direct access to decision-makers. The Commercial Banking team is built around relationship banking, featuring 42 credit "smart" commercial bankers. These bankers bring significant experience, averaging 25 years in banking and 14 years at Lake City Bank. This structure is designed so that when you need a decision, you aren't talking to a distant committee; you're talking to someone who lives and works in your market. One client noted that the bankers answered questions directly and helped streamline their internal banking infrastructure with new automation, making processes smoother.

The high-touch service extends to wealth management and private banking clients as well, though specific client-to-advisor ratios aren't public. The overall strategy emphasizes a full suite of services, including trust services and retail brokerage, all anchored by these strong local relationships. This human element is what Lake City Bank uses to compete against larger regional and national banks.

Still, the relationship model is heavily augmented by digital self-service. You can see the shift in how customers interact with the bank based on transaction data from the first half of 2025. Mobile adoption is clearly outpacing every other delivery channel. Here's the quick math on channel utilization for the twelve months ending June 30, 2025:

Channel	Total Transactions (2025 YTD)	% of Total Transactions (2025 YTD)	Change from 2019
Mobile Logins	8,364,993	55%	99% Increase
Online Logins	3,737,567	25%	(26)% Decrease
Branch Transactions	2,044,404	14%	(10)% Decrease

The data shows that 55% of total transactions were mobile logins as of mid-2025, a near doubling since 2019. This indicates that while the relationship bankers handle the complex commercial and wealth needs, routine service is definitely shifting to automated, self-service digital channels. The bank's total deposits grew to $6.18 billion by June 30, 2025, with core deposits making up 98% of that total, suggesting customers are keeping their primary banking relationship-the one that matters for lending-with Lake City Bank.

The investment in technology supports this blended approach. The bank is focused on delivering technology-forward solutions, which includes ongoing functionality additions to its Lake City Bank Digital platform, initially implemented in 2021. This commitment means you get the personal touch when you need to discuss a complex credit structure, but you can handle deposits and transfers instantly on your phone.

To keep this model working, Lakeland Financial Corporation is investing in its footprint and people. They announced a $12 Million Investment in an Innovation and Technology Center in late 2025, and they continue expanding their physical presence, opening a new branch in Westfield, Indiana, in September 2025.

• The bank serves 15 Indiana counties.
• Total Deposits reached $6.18 billion as of June 30, 2025.
• The efficiency ratio improved to 48.6% for the first six months of 2025.
• The bank's community banking model prioritizes long-term customer relationships.
• Commercial bankers average 14 years of tenure at Lake City Bank.

Finance: draft a comparison of 2025 mobile login growth versus 2024 branch transaction volume by end of month.

Lakeland Financial Corporation (LKFN) - Canvas Business Model: Channels

You're looking at how Lakeland Financial Corporation, through its subsidiary Lake City Bank, gets its value proposition to the market as of late 2025. It's a mix of physical presence and digital tools, which is key for a community bank expanding its footprint.

Physical network of 55 Lake City Bank branch locations

The physical network is the bedrock, serving Central and Northern Indiana communities. As of September 2, 2025, Lake City Bank officially opened its newest office, bringing the total physical network to 55 branch offices. This expansion includes a strategic presence in growing areas, like the ninth office in the Indianapolis Region, located in Westfield. This physical touchpoint supports the community banking model focused on long-term customer relationships.

Robust digital banking platform for retail and commercial

The bank supports its physical network with a robust digital banking platform for both retail and commercial clients. While specific user adoption rates for late 2025 aren't public, the platform is central to delivering technology-forward solutions. The bank is also investing in its infrastructure, with plans announced in September 2025 to invest US$12 million in its Innovation and Technology Center in Warsaw to bolster these digital capabilities.

Direct sales team for commercial and wealth management

For more complex needs, Lakeland Financial Corporation relies on specialized teams. The structure clearly supports dedicated relationship managers for high-value services. For instance, the wealth management segment, which managed $3.3 billion in trust, retirement, and investment brokerage assets as of the first quarter of 2025, is channeled through dedicated advisory officers. Similarly, commercial banking relies on direct engagement, evidenced by the commercial deposits growing annually by $106.5 million, or 5%, to reach $2.26 billion as of the second quarter of 2025.

Here's a quick look at the scale of the physical and service channels as of mid-to-late 2025:

Channel Component	Metric Type	Latest Reported Value	Date/Period End
Physical Branch Network	Total Locations	55	September 30, 2025
Commercial Deposits	Total Amount	$2.26 billion	June 30, 2025
Wealth/Advisory Assets	Assets Under Management (AUM)	$3.3 billion	March 31, 2025
Total Loans	Total Loan Portfolio	$5.23 billion	June 30, 2025

ATMs and mobile banking applications

The self-service layer includes essential transaction tools. The Lake City Bank Digital offering supports mobile banking applications and payment solutions. These solutions include integration with major mobile wallets. You can see the bank's commitment to these access points through its support for payment solutions such as:

• Apple Pay®
• Google Pay™
• Samsung Pay™
• Visa Click to Pay

These digital tools help customers manage their accounts outside of the 55 physical locations.

Lakeland Financial Corporation (LKFN) - Canvas Business Model: Customer Segments

Lakeland Financial Corporation (LKFN), through its subsidiary Lake City Bank, focuses its community banking model on building in-market, long-term customer relationships across Central and Northern Indiana communities. You'll find their 54 branch offices serving this geographic footprint, with headquarters located in Warsaw, Indiana. The bank holding company managed approximately $6.9 billion in banking assets as of Q1 2025.

The primary customer base is split across commercial, retail, and public entities. Commercial businesses represent the core focus, driving loan portfolio growth. Retail consumers and households form the second major pillar of the deposit base. To be fair, the composition shifts slightly quarter-to-quarter, but the focus remains on these local relationships.

Public funds customers are a significant component of the funding strategy. For the first quarter of 2025, deposits from this segment reached exactly $1.71 billion, representing 29% of total deposits at that time. This segment is important enough that about $1.7 billion of these funds were noted as being tied to the Effective Federal Funds Rate as of Q2 2025.

For Wealth Advisory services, Lakeland Financial Corporation targets high-net-worth individuals. This segment contributes to noninterest income, with wealth advisory fees showing a strong year-over-year increase of 17% in Q1 2025. As of Q1 2025, the bank managed $3.3 billion in trust, retirement, and investment brokerage assets through this group.

Here's a look at the deposit composition, drawing from the latest available segment data points near the end of 2025, noting the specific Q1 2025 public funds figure you mentioned:

Customer Segment (Deposit Type)	Approximate Deposit Amount (as of late 2025 data)	Approximate Percentage of Total Deposits
Commercial businesses	$2.257 billion (Q2 2025)	37% (Q2 2025)
Retail consumers and households	$1.79 billion (Q1 2025)	30% (Q1 2025)
Public funds customers	$1.71 billion (Q1 2025)	29% (Q1 2025)
Brokered Deposits	$0.150 billion (Q2 2025)	2% (Q2 2025)

You can see the retail segment was slightly smaller in Q1 2025 at $1.79 billion compared to the $1.756 billion reported in Q2 2025, illustrating the dynamic nature of these balances.

The bank also serves customers with its Wealth Advisory Group and Private Banking services, offering loan and deposit products alongside technology-driven treasury management solutions.

• Geographic concentration: Central and Northern Indiana.
• Branch network: 54 branch offices.
• Wealth Advisory fee growth (YoY): 17% in Q1 2025.
• Total Banking Assets (Q1 2025): $6.9 billion.

Finance: draft 13-week cash view by Friday.

Lakeland Financial Corporation (LKFN) - Canvas Business Model: Cost Structure

You're looking at the cost side of Lakeland Financial Corporation's business, which is heavily influenced by the cost of money and the expense of running a community-focused, yet technology-aware, bank. For a financial institution, the biggest levers are almost always interest paid versus interest earned, and then the operational costs to support the branch network and digital services.

Significant interest expense on deposits and borrowings is a primary cost driver. The efficiency in managing this cost directly impacts the Net Interest Margin (NIM). For the third quarter of 2025, Lakeland Financial Corporation demonstrated good management here, with interest expense as a percentage of average earning assets falling to 2.37%, down from 2.88% in the third quarter of 2024. This reduction in funding costs helped push the Q3 2025 NIM up to 3.50%.

The overall operational outlay remains high, reflecting the commitment to local presence. You noted a figure for high non-interest expense, at $34.965 million (Q3 2025). This category covers everything outside of the direct cost of funds. For context on the nine-month period ending September 30, 2025, the Adjusted core noninterest expense was reported at $98.2 million.

The cost structure breakdown includes several key components:

• Personnel costs for local branch and relationship staff: This is central to the community banking model. For the six months ended June 30, 2025, salaries and benefits expense increased by $2.0 million, or 6% year-over-year.
• Technology and digital platform maintenance costs: Lakeland Financial Corporation is investing to keep pace with larger competitors. A concrete commitment was the announcement of a $12 Million Investment in Innovation and Technology Center on September 8, 2025. Data processing fees and supplies expense for the six months ending June 30, 2025, was a component of the overall noninterest expense.

Credit quality management results in a direct expense through the Provision for Credit Losses (PCL). This number fluctuates based on portfolio health. For the first quarter of 2025, the provision was $6.8 million. However, reflecting improved asset quality in the latest quarter, the provision for credit losses was reduced to $2.0 million for the third quarter of 2025. This reduction coincided with a significant improvement in asset quality metrics:

Asset Quality Metric	Q3 2025 Value	Comparison
Nonaccrual Loans	$18.7 million	Down 68% from Q3 2024
Watch List Loans as % of Total Loans	3.00%	Improved from 3.67% in Q2 2025

To keep your eye on the operational efficiency, you want to track the efficiency ratio. For Q3 2025, Lakeland Financial Corporation's efficiency ratio was 50.7%, compared to 49.7% in Q3 2024.

Lakeland Financial Corporation (LKFN) - Canvas Business Model: Revenue Streams

The revenue streams for Lakeland Financial Corporation are fundamentally built upon the core banking model, heavily weighted toward interest earnings, supplemented by growing fee-based services.

Net Interest Income (NII) remains the primary engine, with the figure for the third quarter of 2025 reported at $56.07 million. This was supported by a Net Interest Margin that improved to 3.50% in Q3 2025.

Interest income is generated from the bank's lending activities. While the prompt references an average loan portfolio of $5.19 billion, the actual reported average total loans for the third quarter of 2025 stood at $5.21 billion, representing a 3% increase year-over-year.

Non-interest income, derived from fee-based services, is a significant secondary stream, totaling $13.0 million in Q3 2025, marking a 9% increase year-over-year. This segment is strategically important for diversification.

The growth in fee-based revenue is clearly visible across specific service lines, with the 2024 performance showing strong momentum in wealth management and treasury services:

• Wealth Advisory fees grew by 15% in 2024.
• Treasury management fees grew by 5% in 2024.

Looking specifically at the third quarter of 2025 performance for these fee streams, you can see the ongoing contribution:

• Wealth advisory fees increased by 5% year-over-year in Q3 2025.
• Loan and service fees increased by 16% year-over-year in Q3 2025.

Here's a breakdown of the key components contributing to the overall revenue picture for Lakeland Financial Corporation as of late 2025:

Revenue Component	Latest Reported Amount/Metric
Net Interest Income (Q3 2025)	$56.07 million
Total Revenue (Q3 2025)	$69.0 million
Non-interest Income (Q3 2025)	$13.0 million
Average Total Loans (Q3 2025)	$5.21 billion
Net Interest Margin (Q3 2025)	3.50%

The composition of the non-interest income in Q3 2025 included several fee categories, showing the breadth of services beyond pure lending:

• Loan and service fees income: Increased by $464,000, or 16%.
• Wealth advisory fees: Increased by $137,000, or 5%.
• Investment brokerage fees: Increased by $119,000, or 27%.
• Service charges on deposit accounts: Increased by $143,000, or 5% (based on Q3 2024 comparison for service charges on deposit accounts, as the data point is available).

The CEO noted special emphasis on relationship growth in commercial banking, treasury management services, and wealth advisory business units during 2025, directly tying operational focus to these revenue drivers.