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PARENT COMPANY STATEMENTS (Tables) | 12 Months Ended
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Dec. 31, 2022
Condensed Financial Information Disclosure [Abstract] |
Schedule of Condensed Balance Sheet | CONDENSED BALANCE SHEETS
| December 31,
(dollars in thousands) | 2022 |  | 2021
ASSETS |  |  |
Deposits with Lake City Bank | $ | 386 |  |  | $ | 834 |
Deposits with other depository institutions | 1,954 |  |  | 2,459 |
Cash | 2,340 |  |  | 3,293 |
Investments in banking subsidiary | 549,031 |  |  | 686,487 |
Investments in other subsidiaries | 3,845 |  |  | 3,468 |
Other assets | 13,819 |  |  | 11,830 |
Total assets | $ | 569,035 |  |  | $ | 705,078 |
LIABILITIES |  |  |
Dividends payable and other liabilities | $ | 237 |  |  | $ | 261 |
STOCKHOLDERS’ EQUITY | 568,798 |  |  | 704,817 |
Total liabilities and stockholders’ equity | $ | 569,035 |  |  | $ | 705,078 |
Schedule of Condensed of Income and Comprehensive Income Statement | CONDENSED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME (LOSS)
| Years Ended December 31,
(dollars in thousands) | 2022 |  | 2021 |  | 2020
Dividends from Lake City Bank | $ | 40,590 |  |  | $ | 47,355 |  |  | $ | 32,079 |
Dividends from non-bank subsidiaries | 1,300 |  |  | 1,035 |  |  | 1,300 |
Other income | 1 |  |  | 3 |  |  | 0 |
Interest expense | 0 |  |  | (7) |  |  | 0 |
Miscellaneous expense | (8,795) |  |  | (8,133) |  |  | (3,935) |
INCOME BEFORE INCOME TAXES AND EQUITY IN UNDISTRIBUTED INCOME OF SUBSIDIARIES | 33,096 |  |  | 40,253 |  |  | 29,444 |
Income tax benefit | 2,770 |  |  | 2,360 |  |  | 1,065 |
INCOME BEFORE EQUITY IN UNDISTRIBUTED INCOME OF SUBSIDIARIES | 35,866 |  |  | 42,613 |  |  | 30,509 |
Equity in undistributed income of subsidiaries | 67,951 |  |  | 53,120 |  |  | 53,828 |
NET INCOME | $ | 103,817 |  |  | $ | 95,733 |  |  | $ | 84,337 |
COMPREHENSIVE INCOME (LOSS) | $ | (101,199) |  |  | $ | 84,082 |  |  | $ | 100,022 |
Schedule of Condensed Cash Flow Statement | CONDENSED STATEMENTS OF CASH FLOWS
| Years Ended December 31,
(dollars in thousands) | 2022 |  | 2021 |  | 2020
Cash flows from operating activities: |  |  |  |  |
Net income | $ | 103,817 |  |  | $ | 95,733 |  |  | $ | 84,337 |
Adjustments to net cash from operating activities: |  |  |  |  |
Equity in undistributed income of subsidiaries | (67,951) |  |  | (53,120) |  |  | (53,828) |
Other changes | 6,157 |  |  | 5,177 |  |  | 1,257 |
Net cash from operating activities | 42,023 |  |  | 47,790 |  |  | 31,766 |
Cash flows from financing activities |  |  |  |  |
Proceeds from (payments on) short-term borrowings | 0 |  |  | (10,500) |  |  | 10,500 |
Payments related to equity incentive plans | (1,780) |  |  | (1,914) |  |  | (2,137) |
Purchase of treasury stock | (579) |  |  | (559) |  |  | (10,547) |
Sales of treasury stock | 221 |  |  | 115 |  |  | 119 |
Dividends paid | (40,838) |  |  | (34,640) |  |  | (30,566) |
Cash flows from financing activities | (42,976) |  |  | (47,498) |  |  | (32,631) |
Net increase (decrease) in cash and cash equivalents | (953) |  |  | 292 |  |  | (865) |
Cash and cash equivalents at beginning of the year | 3,293 |  |  | 3,001 |  |  | 3,866 |
Cash and cash equivalents at end of the year | $ | 2,340 |  |  | $ | 3,293 |  |  | $ | 3,001 |

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