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PARENT COMPANY STATEMENTS (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2018
Condensed Financial Information Disclosure [Abstract] |
Schedule of Condensed Balance Sheet | CONDENSED BALANCE SHEETS
| December 31,
(dollars in thousands) | 2018 |  | 2017
ASSETS |  |  |
Deposits with Lake City Bank | $1,283 |  | $850
Deposits with other depository institutions | 7,613 |  | 4,969
Cash | 8,896 |  | 5,819
Investments in banking subsidiary | 533,442 |  | 482,585
Investments in other subsidiaries | 3,992 |  | 3,552
Other assets | 6,468 |  | 7,789
Total assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | $552,798 |  | $499,745
LIABILITIES |  |  |
Dividends payable and other liabilities | $255 |  | $239
Subordinated debt | 30,928 |  | 30,928
STOCKHOLDERS' EQUITY | 521,615 |  | 468,578
Total liabilities and stockholders' equity . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | $552,798 |  | $499,745
Schedule of Condensed Income Statement | CONDENSED STATEMENTS OF INCOME
| Years Ended December 31,
(dollars in thousands) | 2018 |  | 2017 |  | 2016
Dividends from Lake City Bank | $27,933 |  | $21,822 |  | $20,622
Dividends from non-bank subsidiaries | 1,010 |  | 1,030 |  | 1,035
Other income | 171 |  | 57 |  | 50
Interest expense on subordinated debt | (1,643) |  | (1,349) |  | (1,190)
Miscellaneous expense | (6,422) |  | (6,491) |  | (5,006)
INCOME BEFORE INCOME TAXES AND EQUITY IN |  |  |  |  |
UNDISTRIBUTED INCOME OF SUBSIDIARIES | 21,049 |  | 15,069 |  | 15,511
Income tax benefit | 2,795 |  | 2,688 |  | 2,483
INCOME BEFORE EQUITY IN UNDISTRIBUTED |  |  |  |  |
INCOME OF SUBSIDIARIES | 23,844 |  | 17,757 |  | 17,994
Equity in undistributed income of subsidiaries | 56,567 |  | 39,573 |  | 34,090
NET INCOME . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | $80,411 |  | $57,330 |  | $52,084
COMPREHENSIVE INCOME | $75,131 |  | $59,047 |  | $47,555
Schedule of Condensed Cash Flow Statement | CONDENSED STATEMENTS OF CASH FLOWS
| Years Ended December 31,
(dollars in thousands) | 2018 |  | 2017 |  | 2016
Cash flows from operating activities: |  |  |  |  |
Net income | $80,411 |  | $57,330 |  | $52,084
Adjustments to net cash from operating activities: |  |  |  |  |
Equity in undistributed income of subsidiaries | (56,567) |  | (39,573) |  | (34,090)
Other changes | 7,294 |  | 3,586 |  | 3,818
Net cash from operating activities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | 31,138 |  | 21,343 |  | 21,812
Cash flows from financing activities |  |  |  |  |
Proceeds (Payments) related to equity incentive plans | (2,435) |  | (1,736) |  | 614
Purchase of treasury stock | (463) |  | (495) |  | (458)
Sales of treasury stock | 115 |  | 0 |  | 0
Dividends paid | (25,278) |  | (21,396) |  | (18,200)
Cash flows from financing activities | (28,061 | ) | (23,627) |  | (18,044)
Net increase in cash and cash equivalents . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | 3,077 |  | (2,284) |  | 3,768
Cash and cash equivalents at beginning of the year | 5,819 |  | 8,103 |  | 4,335
Cash and cash equivalents at end of the year . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | $8,896 |  | $5,819 |  | $8,103

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