XML 64 R51.htm IDEA: XBRL DOCUMENT
v3.22.0.1

PARENT COMPANY STATEMENTS (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2021
Condensed Financial Information Disclosure [Abstract] |
Schedule of Condensed Balance Sheet | CONDENSED BALANCE SHEETS
| December 31,
(dollars in thousands) | 2021 |  | 2020
ASSETS |  |  |
Deposits with Lake City Bank | $ | 834 |  |  | $ | 568 |
Deposits with other depository institutions | 2,459 |  |  | 2,433 |
Cash | 3,293 |  |  | 3,001 |
Investments in banking subsidiary | 686,487 |  |  | 652,407 |
Investments in other subsidiaries | 3,468 |  |  | 3,043 |
Other assets | 11,830 |  |  | 9,455 |
Total assets | $ | 705,078 |  |  | $ | 667,906 |
LIABILITIES |  |  |
Dividends payable and other liabilities | $ | 261 |  |  | $ | 311 |
Borrowings | 0 |  |  | 10,500 |
STOCKHOLDERS’ EQUITY | 704,817 |  |  | 657,095 |
Total liabilities and stockholders’ equity | $ | 705,078 |  |  | $ | 667,906 |
Schedule of Condensed of income and comprehensive income statement | CONDENSED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME
| Years Ended December 31,
(dollars in thousands) | 2021 |  | 2020 |  | 2019
Dividends from Lake City Bank | $ | 47,355 |  |  | $ | 32,079 |  |  | $ | 57,842 |
Dividends from non-bank subsidiaries | 1,035 |  |  | 1,300 |  |  | 1,302 |
Other income | 3 |  |  | 0 |  |  | 155 |
Interest expense | (7) |  |  | 0 |  |  | (1,720) |
Miscellaneous expense | (8,133) |  |  | (3,935) |  |  | (5,321) |
INCOME BEFORE INCOME TAXES AND EQUITY IN UNDISTRIBUTED INCOME OF SUBSIDIARIES | 40,253 |  |  | 29,444 |  |  | 52,258 |
Income tax benefit | 2,360 |  |  | 1,065 |  |  | 2,256 |
INCOME BEFORE EQUITY IN UNDISTRIBUTED INCOME OF SUBSIDIARIES | 42,613 |  |  | 30,509 |  |  | 54,514 |
Equity in undistributed income of subsidiaries | 53,120 |  |  | 53,828 |  |  | 32,533 |
NET INCOME | $ | 95,733 |  |  | $ | 84,337 |  |  | $ | 87,047 |
COMPREHENSIVE INCOME | $ | 84,082 |  |  | $ | 100,022 |  |  | $ | 105,297 |
Schedule of Condensed cash flow statement | CONDENSED STATEMENTS OF CASH FLOWS
| Years Ended December 31,
(dollars in thousands) | 2021 |  | 2020 |  | 2019
Cash flows from operating activities: |  |  |  |  |
Net income | $ | 95,733 |  |  | $ | 84,337 |  |  | $ | 87,047 |
Adjustments to net cash from operating activities: |  |  |  |  |
Equity in undistributed income of subsidiaries | (53,120) |  |  | (53,828) |  |  | (32,533) |
Other changes | 5,177 |  |  | 1,257 |  |  | 3,529 |
Net cash from operating activities | 47,790 |  |  | 31,766 |  |  | 58,043 |
Cash flows from financing activities |  |  |  |  |
Repayment of long-term debt | 0 |  |  | 0 |  |  | (30,928) |
Proceeds from (payments on) short-term borrowings | (10,500) |  |  | 10,500 |  |  | 0 |
Payments related to equity incentive plans | (1,914) |  |  | (2,137) |  |  | (2,109) |
Purchase of treasury stock | (559) |  |  | (10,547) |  |  | (515) |
Sales of treasury stock | 115 |  |  | 119 |  |  | 118 |
Dividends paid | (34,640) |  |  | (30,566) |  |  | (29,639) |
Cash flows from financing activities | (47,498) |  |  | (32,631) |  |  | (63,073) |
Net increase (decrease) in cash and cash equivalents | 292 |  |  | (865) |  |  | (5,030) |
Cash and cash equivalents at beginning of the year | 3,001 |  |  | 3,866 |  |  | 8,896 |
Cash and cash equivalents at end of the year | $ | 3,293 |  |  | $ | 3,001 |  |  | $ | 3,866 |

X
- References No definition available. + Details
Name: | srt_CondensedFinancialInformationOfParentCompanyOnlyDisclosureAbstract
Namespace Prefix: | srt_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of condensed balance sheet, including, but not limited to, balance sheets of consolidated entities and consolidation eliminations. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 3 -Paragraph i -Subsection 10 + Details
Name: | srt_ScheduleOfCondensedBalanceSheetTableTextBlock
Namespace Prefix: | srt_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of condensed cash flow statement, including, but not limited to, cash flow statements of consolidated entities and consolidation eliminations. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 3 -Paragraph i -Subsection 10 + Details
Name: | srt_ScheduleOfCondensedCashFlowStatementTableTextBlock
Namespace Prefix: | srt_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of condensed income statement, including, but not limited to, income statements of consolidated entities and consolidation eliminations. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 3 -Paragraph i -Subsection 10 + Details
Name: | srt_ScheduleOfCondensedIncomeStatementTableTextBlock
Namespace Prefix: | srt_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration