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ALLOWANCE FOR CREDIT LOSSES AND CREDIT QUALITY (Tables)

6 Months Ended

Jun. 30, 2022

ALLOWANCE FOR CREDIT LOSSES AND CREDIT QUALITY

Summary of Risk Category of Loans by Loan Segment and Origination Date and Credit Quality Indicators

The following table summarizes the risk category of loans by loan segment and origination date as of June 30, 2022:

(dollars in thousands)			2022						2021						2020						2019						2018						Prior						Term Total						Revolving						Total
Commercial and industrial loans:
Working capital lines of credit loans:
Pass			$	0					$	2,962					$	1,922					$	2,730					$	0					$	0					$	7,614					$	646,517					$	654,131
Special Mention			0						0						0						0						0						0						0						57,015						57,015
Substandard			0						0						0						0						0						0						0						15,732						15,732
Total			0						2,962						1,922						2,730						0						0						7,614						719,264						726,878
Non-working capital loans:
Pass			138,644						149,019						111,258						62,632						20,117						24,563						506,233						249,976						756,209
Special Mention			121						16,041						0						188						602						3,510						20,462						146						20,608
Substandard			681						2,501						6,291						744						2,103						4,823						17,143						2,932						20,075
Not Rated			1,478						1,906						1,474						581						292						56						5,787						0						5,787
Total			140,924						169,467						119,023						64,145						23,114						32,952						549,625						253,054						802,679
Commercial real estate and multi-family residential loans:
Construction and land development loans:
Pass			16,284						34,046						20,426						489						554						0						71,799						344,051						415,850
Special Mention			360						0						0						0						0						0						360						0						360
Total			16,644						34,046						20,426						489						554						0						72,159						344,051						416,210
Owner occupied loans:
Pass			50,037						161,126						170,041						103,797						74,503						116,093						675,597						30,153						705,750
Special Mention			117						6,221						0						850						89						8,927						16,204						0						16,204
Substandard			0						455						1,496						629						1,161						234						3,975						0						3,975
Total			50,154						167,802						171,537						105,276						75,753						125,254						695,776						30,153						725,929
Nonowner occupied loans:
Pass			81,440						136,381						142,092						107,374						20,484						79,173						566,944						56,731						623,675
Special Mention			0						11,436						0						0						0						0						11,436						0						11,436
Total			81,440						147,817						142,092						107,374						20,484						79,173						578,380						56,731						635,111
Multifamily loans:
Pass			1,915						25,916						37,559						36,109			17,105			11,805						16,742						130,046						21,528						151,574
Special Mention			22,077						0						0						0						0						0						22,077						0						22,077
Total			23,992						25,916						37,559						36,109						11,805						16,742						152,123						21,528						173,651
Agri-business and agricultural loans:
Loans secured by farmland:
Pass			22,371						45,319						31,514						11,720						8,832						21,224						140,980						48,216						189,196
Special Mention			260						0						1,676						1,868						0						200						4,004						882						4,886
Substandard			0						0						0						0						0						144						144						0						144
Total			22,631						45,319						33,190						13,588						8,832						21,568						145,128						49,098						194,226
Loans for agricultural production:
Pass			1,599						30,747						23,772						4,025						9,790						4,998						74,931						105,093						180,024
Special Mention			0						415						7,266						996						0						0						8,677						5,042						13,719
Total			1,599						31,162						31,038						5,021						9,790						4,998						83,608						110,135						193,743
Other commercial loans:
Pass			14,457						6,016						19,786						702						1,136						13,741						55,838						33,533						89,371
Special Mention			0						0						0						0						0						3,500						3,500						0						3,500
Total			14,457						6,016						19,786						702						1,136						17,241						59,338						33,533						92,871
Consumer 1-4 family mortgage loans:
Closed end first mortgage loans
Pass			5,661						13,358						13,878						5,111						5,344						4,204						47,556						3,964						51,520
Substandard			0						0						0						0						87						1,893						1,980						0						1,980
Not Rated			28,136						46,425						21,645						6,921						3,023						31,073						137,223						0						137,223
Total			33,797						59,783						35,523						12,032						8,454						37,170						186,759						3,964						190,723
Open end and junior lien loans
Pass			0						646						368						80						102						0						1,196						4,767						5,963
Substandard			0						0						0						0						48						2						50						61						111
Not Rated			34,616						16,577						3,968						4,501						2,285						2,787						64,734						103,371						168,105
Total			34,616						17,223						4,336						4,581						2,435						2,789						65,980						108,199						174,179
Residential construction loans
Not Rated			3,332						3,972						1,018						307						134						1,255						10,018						0						10,018
Total			3,332						3,972						1,018						307						134						1,255						10,018						0						10,018
Other consumer loans
Pass			616						2,192						513						1,111						0						1,036						5,468						20,011						25,479
Substandard			0						0						0						215						0						0						215						41						256
Not Rated			12,364						17,487						11,424						5,280						4,087						1,991						52,633						10,113						62,746
Total			12,980						19,679						11,937						6,606						4,087						3,027						58,316						30,165						88,481
TOTAL			$	436,566					$	731,164					$	629,387					$	358,960					$	166,578					$	342,169					$	2,664,824					$	1,759,875					$	4,424,699

The following table summarizes the risk category of loans by loan segment and origination date as of December 31, 2021:

(dollars in thousands)			2021						2020						2019						2018						2017						Prior						Term Total						Revolving						Total
Commercial and industrial loans:
Working capital lines of credit loans:
Pass			$	3,699					$	830					$	3,360					$	0					$	0					$	0					$	7,889					$	558,634					$	566,523
Special Mention			0						0						0						0						0						0						0						60,441						60,441
Substandard			0						0						35						0						0						0						35						25,928						25,963
Total			3,699						830						3,395						0						0						0						7,924						645,003						652,927
Non-working capital loans:
Pass			185,374						139,157						79,477						38,899						19,415						18,489						480,811						203,794						684,605
Special Mention			17,728						0						225						979						2,350						1,426						22,708						0						22,708
Substandard			2,996						6,948						1,091						2,534						5,465						426						19,460						3,321						22,781
Not Rated			2,265						1,758						837						563						128						14						5,565						0						5,565
Total			208,363						147,863						81,630						42,975						27,358						20,355						528,544						207,115						735,659
Commercial real estate and multi-family residential loans:
Construction and land development loans:
Pass			35,136						30,224						1,276						998						0						0						67,634						310,396						378,030
Total			35,136						30,224						1,276						998						0						0						67,634						310,396						378,030
Owner occupied loans:
Pass			135,861						169,404						124,117						85,070						78,155						93,925						686,532						29,611						716,143
Special Mention			6,555						0						880						933						7,387						1,235						16,990						0						16,990
Substandard			489						1,570						909						1,758						694						238						5,658						0						5,658
Total			142,905						170,974						125,906						87,761						86,236						95,398						709,180						29,611						738,791
Nonowner occupied loans:
Pass			146,342						154,433						107,262						19,054						31,023						59,154						517,268						44,362						561,630
Special Mention			11,825						331						0						0						0						14,253						26,409						0						26,409
Total			158,167						154,764						107,262						19,054						31,023						73,407						543,677						44,362						588,039
Multifamily loans:
Pass			84,678						53,195						36,575						12,286			17,105			14,574						9,793						211,101						13,434						224,535
Special Mention			0						0						0						0						22,252						0						22,252						0						22,252
Total			84,678						53,195						36,575						12,286						36,826						9,793						233,353						13,434						246,787
Agri-business and agricultural loans:
Loans secured by farmland:
Pass			47,532						37,035						16,249						10,469						10,454						17,021						138,760						61,774						200,534
Special Mention			0						1,985						2,303						0						180						30						4,498						918						5,416
Substandard			207						0						0						0						0						145						352						0						352
Total			47,739						39,020						18,552						10,469						10,634						17,196						143,610						62,692						206,302
Loans for agricultural production:
Pass			36,238						25,855						4,224						11,072						1,331						4,178						82,898						138,142						221,040
Special Mention			448						8,642						1,171						0						0						0						10,261						8,272						18,533
Total			36,686						34,497						5,395						11,072						1,331						4,178						93,159						146,414						239,573
Other commercial loans:
Pass			6,556						21,111						3,243						1,273						8,592						7,460						48,235						21,145						69,380
Special Mention			0						0						0						0						0						3,798						3,798						0						3,798
Total			6,556						21,111						3,243						1,273						8,592						11,258						52,033						21,145						73,178
Consumer 1-4 family mortgage loans:
Closed end first mortgage loans
Pass			14,635						16,173						5,312						5,903						3,049						3,221						48,293						5,005						53,298
Special Mention			0						0						0						0						0						1,274						1,274						0						1,274
Not Rated			45,089						27,738						9,248						5,217						7,628						26,321						121,241						482						121,723
Total			59,724						43,911						14,560						11,120						10,677						30,816						170,808						5,487						176,295
Open end and junior lien loans
Pass			679						379						159						313						0						0						1,530						5,074						6,604
Substandard			0						0						0						0						0						0						0						98						98
Not Rated			21,945						5,624						5,987						3,899						1,653						1,526						40,634						110,523						151,157
Total			22,624						6,003						6,146						4,212						1,653						1,526						42,164						115,695						157,859
Residential construction loans
Not Rated			7,926						1,537						960						138						171						1,125						11,857						0						11,857
Total			7,926						1,537						960						138						171						1,125						11,857						0						11,857
Other consumer loans
Pass			3,401						957						1,523						0						1,155						0						7,036						12,998						20,034
Substandard			36						23						230						0						0						0						289						0						289
Not Rated			21,652						14,931						7,474						5,844						1,890						1,203						52,994						9,227						62,221
Total			25,089						15,911						9,227						5,844						3,045						1,203						60,319						22,225						82,544
TOTAL			$	839,292					$	719,840					$	414,127					$	207,202					$	217,546					$	266,255					$	2,664,262					$	1,623,579					$	4,287,841

Schedule of Aging of the Amortized Cost Basis In Past Due Loans

The following table presents the aging of the amortized cost basis in past due loans as of June 30, 2022 by class of loans and loans past due 90 days or more and still accruing by class of loan:

(dollars in thousands)						Loans Not Past Due						30-89 Days Past Due						Greater than 89 Days Past Due and Accruing						Total Accruing						Total Nonaccrual						Nonaccrual With No Allowance For Credit Loss						Total
Commercial and industrial loans:
Working capital lines of credit loans						$	726,862					$	16					$	0					$	722,396					$	4,482					$	3,511					$	726,878
Non-working capital loans						802,679						0						0						798,382						4,297						234						802,679
Commercial real estate and multi-family residential loans:
Construction and land development loans						416,210						0						0						416,210						0						0						416,210
Owner occupied loans						725,929						0						0						722,936						2,993						1,498						725,929
Nonowner occupied loans						635,111						0						0						635,111						0						0						635,111
Multifamily loans						173,651						0						0						173,651						0						0						173,651
Agri-business and agricultural loans:
Loans secured by farmland						194,226						0						0						194,081						145						0						194,226
Loans for agricultural production						193,743						0						0						193,743						0						0						193,743
Other commercial loans						92,545						326						0						92,871						0						0						92,871
Consumer 1‑4 family mortgage loans:
Closed end first mortgage loans						190,408						248						67						190,513						210						140						190,723
Open end and junior lien loans						174,036						106						37						174,069						110						110						174,179
Residential construction loans						10,018						0						0						10,018						0						0						10,018
Other consumer loans						88,395						86						0						88,225						256						0						88,481
Total						$	4,423,813					$	782					$	104					$	4,412,206					$	12,493					$	5,493					$	4,424,699

The following table presents the aging of the amortized cost basis in past due loans as of December 31, 2021 by class of loans and loans past due 90 days or more and still accruing by class of loan:

(dollars in thousands)						Loans Not Past Due						30-89 Days Past Due						Greater than 89 Days Past Due and Accruing						Total Accruing						Total Nonaccrual						Nonaccrual With No Allowance For Credit Loss						Total
Commercial and industrial loans:
Working capital lines of credit loans						$	652,903					$	24					$	0					$	646,961					$	5,966					$	5,200					$	652,927
Non-working capital loans						735,658						1						0						731,063						4,596						229						735,659
Commercial real estate and multi-family residential loans:
Construction and land development loans						378,030						0						0						378,030						0						0						378,030
Owner occupied loans						738,791						0						0						735,157						3,634						2,129						738,791
Nonowner occupied loans						588,039						0						0						588,039						0						0						588,039
Multifamily loans						246,787						0						0						246,787						0						0						246,787
Agri-business and agricultural loans:
Loans secured by farmland						206,302						0						0						205,967						335						0						206,302
Loans for agricultural production						239,573						0						0						239,573						0						0						239,573
Other commercial loans						73,178						0						0						73,178						0						0						73,178
Consumer 1‑4 family mortgage loans:
Closed end first mortgage loans						175,678						500						117						176,240						55						55						176,295
Open end and junior lien loans						157,729						130						0						157,761						98						98						157,859
Residential construction loans						11,857						0						0						11,857						0						0						11,857
Other consumer loans						82,472						72						0						82,255						289						0						82,544
Total						$	4,286,997					$	727					$	117					$	4,272,868					$	14,973					$	7,711					$	4,287,841

Schedule of Amortized Cost Basis Of Collateral Dependent Loans

The following tables present the amortized cost basis of collateral dependent loans by class of loan as of:

						June 30, 2022
(dollars in thousands)						Real Estate						General Business  Assets						Other						Total
Commercial and industrial loans:
Working capital lines of credit loans						$	0					$	4,693					$	0					$	4,693
Non-working capital loans						478						8,865						229						9,572
Commercial real estate and multi-family residential loans:
Owner occupied loans						336						1,495						1,161						2,992
Agri-business and agricultural loans:
Loans secured by farmland						0						145						0						145
Consumer 1-4 family mortgage loans:
Closed end first mortgage loans						1,981						0						0						1,981
Open end and junior lien loans						111						0						0						111
Other consumer loans						0						0						41						41
Total						$	2,906					$	15,198					$	1,431					$	19,535

						December 31, 2021
(dollars in thousands)						Real Estate						General Business  Assets						Other						Total
Commercial and industrial loans:
Working capital lines of credit loans						$	0					$	5,966					$	0					$	5,966
Non-working capital loans						1,606						9,475						229						11,310
Commercial real estate and multi-family residential loans:
Owner occupied loans						1,435						1,505						1,161						4,101
Agri-business and agricultural loans:
Loans secured by farmland						190						145						0						335
Consumer 1-4 family mortgage loans:
Closed end first mortgage loans						3,081						0						0						3,081
Open end and junior lien loans						98						0						0						98
Other consumer loans						0						0						59						59
Total						$	6,312					$	17,091					$	1,449					$	24,950

Financing Receivable, Troubled Debt Restructuring

(dollars in thousands)															December 31, 2021
Accruing troubled debt restructured loans															$	5,121
Nonaccrual troubled debt restructured loans															6,218
Total troubled debt restructured loans															$	11,339

Financing Receivable, Allowance for Credit Loss [Table Text Block]

The following tables present the activity in the allowance for credit losses by portfolio segment for the periods ended:

(dollars in thousands)						Commercial and Industrial						Commercial Real Estate and Multifamily Residential						Agri-business and Agricultural						Other Commercial						Consumer 1-4 Family Mortgage						Other Consumer						Unallocated						Total
Three Months Ended June 30, 2022
Beginning balance, April 1						$	31,322					$	26,257					$	4,761					$	1,058					$	2,606					$	1,040					$	482					$	67,526
Provision for credit losses						(139)						191						(8)						(345)						34						102						165						0
Loans charged-off						(13)						0						0						0						0						(85)						0						(98)
Recoveries						25						0						0						0						34						36						0						95
Net loans (charged-off) recovered						12						0						0						0						34						(49)						0						(3)
Ending balance						$	31,195					$	26,448					$	4,753					$	713					$	2,674					$	1,093					$	647					$	67,523

(dollars in thousands)						Commercial and Industrial						Commercial Real Estate and Multifamily Residential						Agri-business and Agricultural						Other Commercial						Consumer 1-4 Family Mortgage						Other Consumer						Unallocated						Total
Three Months Ended June 30, 2021
Beginning balance, April 1						$	32,052					$	29,445					$	3,901					$	1,172					$	3,384					$	1,293					$	597					$	71,844
Provision for credit losses						(187)						(1,160)						(291)						126						(221)						124						(91)						(1,700)
Loans charged-off						(162)						0						0						0						(32)						(73)						0						(267)
Recoveries						1,427						6						320						0						34						49						0						1,836
Net loans (charged-off) recovered						1,265						6						320						0						2						(24)						0						1,569
Ending balance						$	33,130					$	28,291					$	3,930					$	1,298					$	3,165					$	1,393					$	506					$	71,713

(dollars in thousands)						Commercial and Industrial						Commercial Real Estate and Multifamily Residential						Agri-business and Agricultural						Other Commercial						Consumer 1-4 Family Mortgage						Other Consumer						Unallocated						Total
Six Months Ended June 30, 2022
Beginning balance, January 1						$	30,595					$	26,535					$	5,034					$	1,146					$	2,866					$	1,147					$	450					$	67,773
Provision for credit losses						591						510						(281)						(433)						(214)						47						197						417
Loans charged-off						(32)						(597)						0						0						(22)						(187)						0						(838)
Recoveries						41						0						0						0						44						86						0						171
Net loans (charged-off) recovered						9						(597)						0						0						22						(101)						0						(667)
Ending balance						$	31,195					$	26,448					$	4,753					$	713					$	2,674					$	1,093					$	647					$	67,523

(dollars in thousands)						Commercial and Industrial						Commercial Real Estate and Multifamily Residential						Agri-business and Agricultural						Other Commercial						Consumer 1-4 Family Mortgage						Other Consumer						Unallocated						Total
Six Months Ended June 30, 2021
Beginning balance, January 1						$	28,333					$	22,907					$	3,043					$	416					$	2,619					$	951					$	3,139					$	61,408
Impact of adopting ASC 326						4,312						4,316						1,060						941						953						349						(2,881)						9,050
Provision for credit losses						(727)						1,125						(493)						(59)						(454)						137						248						(223)
Loans charged-off						(249)						(71)						0						0						(38)						(145)						0						(503)
Recoveries						1,461						14						320						0						85						101						0						1,981
Net loans (charged-off) recovered						1,212						(57)						320						0						47						(44)						0						1,478
Ending balance						$	33,130					$	28,291					$	3,930					$	1,298					$	3,165					$	1,393					$	506					$	71,713

X

- Definition

It represents the information pertaining to allowance for loan losses and credit quality.

+ References

No definition available.

+ Details

Name:	lkfn_AllowanceForLoanLossesAndCreditQualityAbstract
Namespace Prefix:	lkfn_
Data Type:	xbrli:stringItemType
Balance Type:	na
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X

- Definition

Schedule of Amortized Cost Basis In Past Due Loans

+ References

No definition available.

+ Details

Name:	lkfn_ScheduleOfAmortizedCostBasisInPastDueLoansTableTextBlock
Namespace Prefix:	lkfn_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Schedule of amortized cost basis of collateral dependent loans by class of loan.

+ References

No definition available.

+ Details

Name:	lkfn_ScheduleOfAmortizedCostBasisOfCollateralDependentLoansTableTextBlock
Namespace Prefix:	lkfn_
Data Type:	dtr-types:textBlockItemType
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X

- Definition

Tabular disclosure of allowance for credit loss on financing receivable.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 310
-SubTopic 10
-Section 50
-Paragraph 11B
-URI https://asc.fasb.org/extlink&oid=123577603&loc=SL6953423-111524

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 326
-SubTopic 20
-Section 50
-Paragraph 13
-URI https://asc.fasb.org/extlink&oid=124255953&loc=SL82919249-210447

+ Details

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Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of financing receivables by credit quality indicator. The credit quality indicator is a statistic about the credit quality of financing receivables. Examples include, but not limited to, consumer credit risk scores, credit-rating-agency ratings, an entity's internal credit risk grades, loan-to-value ratios, collateral, collection experience and other internal metrics.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 326
-SubTopic 20
-Section 50
-Paragraph 5
-URI https://asc.fasb.org/extlink&oid=124255953&loc=SL82919230-210447

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 310
-SubTopic 10
-Section 50
-Paragraph 29
-URI https://asc.fasb.org/extlink&oid=123577603&loc=SL6953659-111524

+ Details

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Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of financing receivable modified as troubled debt restructuring.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 310
-SubTopic 10
-Section 50
-Paragraph 33
-URI https://asc.fasb.org/extlink&oid=123577603&loc=SL6953676-111524

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 310
-SubTopic 10
-Section 50
-Paragraph 34
-URI https://asc.fasb.org/extlink&oid=123577603&loc=SL6953682-111524

+ Details

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