XML 40 R29.htm IDEA: XBRL DOCUMENT
v3.24.2.u1

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) (Tables) | 6 Months Ended
--- | ---
Jun. 30, 2024
OCI, Debt Securities, Available-for-Sale, Gain (Loss), after Adjustment and Tax [Abstract] |
Schedule of Changes in Accumulated Other Comprehensive Income (loss) | The following tables summarize the changes within each classification of accumulated other comprehensive income (loss) for the three months ended June 30, 2024 and 2023, all shown net of tax:
(dollars in thousands) |  | Unrealized Gains and Losses on Available- for-Sales Securities |  | Defined Benefit Pension Items |  | Total
Balance at April 1, 2024 |  | $ | (166,189) |  |  | $ | (724) |  |  | $ | (166,913) |
Other comprehensive income (loss) before reclassification |  | (3,943) |  |  | 0 |  |  | (3,943) |
Amounts reclassified from accumulated other comprehensive income (loss) |  | 386 |  |  | 12 |  |  | 398 |
Net current period other comprehensive income (loss) |  | (3,557) |  |  | 12 |  |  | (3,545) |
Balance at June 30, 2024 |  | $ | (169,746) |  |  | $ | (712) |  |  | $ | (170,458) |
(dollars in thousands) |  | Unrealized Gains and Losses on Available- for-Sales Securities |  | Defined Benefit Pension Items |  | Total
Balance at April 1, 2023 |  | $ | (166,612) |  |  | $ | (758) |  |  | $ | (167,370) |
Other comprehensive income (loss) before reclassification |  | (10,674) |  |  | 0 |  |  | (10,674) |
Amounts reclassified from accumulated other comprehensive income (loss) |  | 388 |  |  | 11 |  |  | 399 |
Net current period other comprehensive income (loss) |  | (10,286) |  |  | 11 |  |  | (10,275) |
Balance at June 30, 2023 |  | $ | (176,898) |  |  | $ | (747) |  |  | $ | (177,645) |
The following tables summarize the changes within each classification of accumulated other comprehensive income (loss) for the six months ended June 30, 2024 and 2023, all shown net of tax:
(dollars in thousands) |  | Unrealized Gains and Losses on Available- for-Sales Securities |  | Defined Benefit Pension Items |  | Total
Balance at January 1, 2024 |  | $ | (154,460) |  |  | $ | (735) |  |  | $ | (155,195) |
Other comprehensive income (loss) before reclassification |  | (16,100) |  |  | 0 |  |  | (16,100) |
Amounts reclassified from accumulated other comprehensive income (loss) |  | 814 |  |  | 23 |  |  | 837 |
Net current period other comprehensive income (loss) |  | (15,286) |  |  | 23 |  |  | (15,263) |
Balance at June 30, 2024 |  | $ | (169,746) |  |  | $ | (712) |  |  | $ | (170,458) |
(dollars in thousands) |  | Unrealized Gains and Losses on Available- for-Sales Securities |  | Defined Benefit Pension Items |  | Total
Balance at January 1, 2023 |  | $ | (188,154) |  |  | $ | (769) |  |  | $ | (188,923) |
Other comprehensive income (loss) before reclassification |  | 10,493 |  |  | 0 |  |  | 10,493 |
Amounts reclassified from accumulated other comprehensive income (loss) |  | 763 |  |  | 22 |  |  | 785 |
Net current period other comprehensive income (loss) |  | 11,256 |  |  | 22 |  |  | 11,278 |
Balance at June 30, 2023 |  | $ | (176,898) |  |  | $ | (747) |  |  | $ | (177,645) |
Schedule of Reclassification Accumulated Other Comprehensive Income (loss) | Reclassifications out of other accumulated other comprehensive income (loss) for the three months ended June 30, 2024 are as follows:
Details about Accumulated Other Comprehensive Income (Loss) Components |  | Amount Reclassified From Accumulated Other Comprehensive Income (Loss) |  | Affected Line Item in the Statement Where Net Income is Presented
(dollars in thousands) |  |  |  |
Amortization of unrealized losses on held-to-maturity securities |  | $ | (489) |  |  | Interest income
Realized gains and (losses) on available-for-sale securities |  | 0 |  |  | Net securities gains (losses)
Tax effect |  | 103 |  |  | Income tax expense
|  | (386) |  |  | Net of tax
Amortization of defined benefit pension items |  | (16) |  |  | Other expense
Tax effect |  | 4 |  |  | Income tax expense
|  | (12) |  |  | Net of tax
Total reclassifications for the period |  | $ | (398) |  |  | Net income
Reclassifications out of other accumulated comprehensive income (loss) for the three months ended June 30, 2023 are as follows:
Details about Accumulated Other Comprehensive Income (Loss) Components |  | Amount Reclassified From Accumulated Other Comprehensive Income (Loss) |  | Affected Line Item in the Statement Where Net Income is Presented
(dollars in thousands) |  |  |  |
Amortization of unrealized losses on held-to-maturity securities |  | $ | (494) |  |  | Interest income
Realized gains and (losses) on available-for-sale securities |  | 3 |  |  | Net securities gains (losses)
Tax effect |  | 103 |  |  | Income tax expense
|  | (388) |  |  | Net of tax
Amortization of defined benefit pension items |  | (15) |  |  | Other expense
Tax effect |  | 4 |  |  | Income tax expense
|  | (11) |  |  | Net of tax
Total reclassifications for the period |  | $ | (399) |  |  | Net income
Reclassifications out of accumulated comprehensive income (loss) for the six months ended June 30, 2024 are as follows:
Details about Accumulated Other Comprehensive Income (Loss) Components |  | Amount Reclassified From Accumulated Other Comprehensive Income (Loss) |  | Affected Line Item in the Statement Where Net Income is Presented
(dollars in thousands) |  |  |  |
Amortization of unrealized losses on held-to-maturity securities |  | $ | (985) |  |  | Interest income
Realized gains and (losses) on available-for-sale securities |  | (46) |  |  | Net securities gains (losses)
Tax effect |  | 217 |  |  | Income tax expense
|  | (814) |  |  | Net of tax
Amortization of defined benefit pension items |  | (31) |  |  | Other expense
Tax effect |  | 8 |  |  | Income tax expense
|  | (23) |  |  | Net of tax
Total reclassifications for the period |  | $ | (837) |  |  | Net income
Reclassifications out of accumulated other comprehensive income (loss) for the six months ended June 30, 2023 are as follows:
Details about Accumulated Other Comprehensive Income (Loss) Components |  | Amount Reclassified From Accumulated Other Comprehensive Income (Loss) |  | Affected Line Item in the Statement Where Net Income is Presented
(dollars in thousands) |  |  |  |
Amortization of unrealized losses on held-to-maturity securities |  | $ | (985) |  |  | Interest income
Realized gains and (losses) on available-for-sale securities |  | 19 |  |  | Net securities gains (losses)
Tax effect |  | 203 |  |  | Income tax expense
|  | (763) |  |  | Net of tax
Amortization of defined benefit pension items |  | (30) |  |  | Other expense
Tax effect |  | 8 |  |  | Income tax expense
|  | (22) |  |  | Net of tax
Total reclassifications for the period |  | $ | (785) |  |  | Net income

X
- Definition Tabular disclosure of the Reclassification Accumulated Other Comprehensive Income. + References No definition available. + Details
Name: | lkfn_ReclassificationAccumulatedOtherComprehensiveIncomeTableTextBlock
Namespace Prefix: | lkfn_
Data Type: | dtr-types1:textBlockItemType
Balance Type: | na
Period Type: | duration

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

X
- Definition Tabular disclosure of the components of accumulated other comprehensive income (loss). + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section 45 -Paragraph 14A -Publisher FASB -URI https://asc.fasb.org/1943274/2147482790/220-10-45-14A Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 830 -SubTopic 30 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481674/830-30-50-1 Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 830 -SubTopic 30 -Name Accounting Standards Codification -Section 45 -Paragraph 20 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481694/830-30-45-20 + Details
Name: | us-gaap_ScheduleOfAccumulatedOtherComprehensiveIncomeLossTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration