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PARENT COMPANY STATEMENTS (Tables) | 12 Months Ended
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Dec. 31, 2024
Condensed Financial Information Disclosure [Abstract] |
Schedule of Condensed Balance Sheets | CONDENSED BALANCE SHEETS
| December 31,
(dollars in thousands) | 2024 |  | 2023
ASSETS |  |  |
Deposits with Lake City Bank | $ | 5,901 |  |  | $ | 15,239 |
Deposits with other depository institutions | 435 |  |  | 1,887 |
Cash | 6,336 |  |  | 17,126 |
Investments in banking subsidiary | 675,315 |  |  | 631,774 |
Other assets | 2,824 |  |  | 3,578 |
Total assets | $ | 684,475 |  |  | $ | 652,478 |
LIABILITIES |  |  |
Dividends payable and other liabilities | $ | 653 |  |  | $ | 2,774 |
STOCKHOLDERS’ EQUITY | 683,822 |  |  | 649,704 |
Total liabilities and stockholders’ equity | $ | 684,475 |  |  | $ | 652,478 |
Schedule of Condensed Statements of Income and Comprehensive Income (Loss) | CONDENSED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME (LOSS)
| Years Ended December 31,
(dollars in thousands) | 2024 |  | 2023 |  | 2022
Dividends from Lake City Bank | $ | 42,118 |  |  | $ | 46,263 |  |  | $ | 40,590 |
Dividends from non-bank subsidiaries | 0 |  |  | 1,525 |  |  | 1,300 |
Other income | 2 |  |  | 5 |  |  | 1 |
Miscellaneous expense | (5,642) |  |  | (4,768) |  |  | (8,795) |
INCOME BEFORE INCOME TAXES AND EQUITY IN UNDISTRIBUTED INCOME OF SUBSIDIARIES | 36,478 |  |  | 43,025 |  |  | 33,096 |
Income tax benefit | 1,608 |  |  | 1,957 |  |  | 2,770 |
INCOME BEFORE EQUITY IN UNDISTRIBUTED INCOME OF SUBSIDIARIES | 38,086 |  |  | 44,982 |  |  | 35,866 |
Equity in undistributed income of subsidiaries | 55,392 |  |  | 48,785 |  |  | 67,951 |
NET INCOME | $ | 93,478 |  |  | $ | 93,767 |  |  | $ | 103,817 |
COMPREHENSIVE INCOME (LOSS) | $ | 82,173 |  |  | $ | 127,495 |  |  | $ | (101,199) |
Schedule of Condensed Statements of Cash Flows | CONDENSED STATEMENTS OF CASH FLOWS
| Years Ended December 31,
(dollars in thousands) | 2024 |  | 2023 |  | 2022
Cash flows from operating activities: |  |  |  |  |
Net income | $ | 93,478 |  |  | $ | 93,767 |  |  | $ | 103,817 |
Adjustments to net cash from operating activities: |  |  |  |  |
Equity in undistributed income of subsidiaries | (55,392) |  |  | (48,785) |  |  | (67,951) |
Other changes | 3,421 |  |  | 16,601 |  |  | 6,157 |
Net cash from operating activities | 41,507 |  |  | 61,583 |  |  | 42,023 |
Cash flows from investing activities: |  |  |  |  |
Return of capital from subsidiary | 0 |  |  | 3,602 |  |  | 0 |
Cash flows from investing activities | 0 |  |  | 3,602 |  |  | 0 |
Cash flows from financing activities: |  |  |  |  |
Payments related to equity incentive plans | (2,815) |  |  | (3,135) |  |  | (1,780) |
Purchase of treasury stock | (592) |  |  | (575) |  |  | (579) |
Sales of treasury stock | 391 |  |  | 405 |  |  | 221 |
Dividends paid | (49,281) |  |  | (47,094) |  |  | (40,838) |
Cash flows from financing activities | (52,297) |  |  | (50,399) |  |  | (42,976) |
Net increase (decrease) in cash and cash equivalents | (10,790) |  |  | 14,786 |  |  | (953) |
Cash and cash equivalents at beginning of the year | 17,126 |  |  | 2,340 |  |  | 3,293 |
Cash and cash equivalents at end of the year | $ | 6,336 |  |  | $ | 17,126 |  |  | $ | 2,340 |

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