Lakeland Financial Corporation · NASDAQ:LKFN
Lakeland Financial — Q2 2023 Earnings Presentation
66 slides from Lakeland Financial's earnings presentation, July 2023
Slide 1: Lakeland Financial Corporation 2nd Quarter 2023
Lakeland Financial Corporation A Proven History of Shareholder Value Creation And Commitment to Our Communities 2nd Quarter 2023 LKFN LISTED
Slide 2: Executive contacts
David M. Findlay Chief Executive Officer david.findlay@lakecitybank.com (574) 267-9197 Kristin L. Pruitt President kristin.pruitt@lakecitybank.com (574) 371-9220 Lisa M. O’Neill Executive Vice President & Chief Financial Officer lisa.oneill@lakecitybank.com (574) 267-9125 2
Slide 3: Forward-Looking Information
Forward-Looking Information This presentation contains, and future oral and written statements of the Company and its management may contain, forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are not historical facts and
Slide 4: Long Term Success for Shareholders
Long Term Success for Shareholders 11 Institutions LTM ROE >13% Source: S&P Capital IQ Pro. Financial data is as of March 31, 2023. (1) Includes banks and thrifts traded on the NYSE, NYSEAM or NASDAQ as of 7/10/23; excludes merger targets. (2) Defined as having positive net income before extraordina
Slide 5: Strong Capital Structure
Strong Capital Structure Tangible Book Value(1) Per $29.88 * $35.00 Share Tangible Common Allowance for Credit Losses $30.00 Equity 8.3% $22.97 91.7% $25.00 $20.00 Key Ratios and Per Share Data as of $15.00 June 30, 2023 TCE/Tangible Assets 9.04% $10.00 Adj. TCE/Adj. Tangible Assets 11.37% Total Ris
Slide 6: Lake City Bank Today
Lake City Bank Today • A long-term and consistent organic growth story • Headquartered in Warsaw, Indiana • 53 branch offices - $6.5 billion banking assets - $3.0 billion trust, retirement and investment brokerage assets • Focused on execution – “blocking and tackling” • Continued growth potential 6
Slide 7: 32 Years of Organic Growth
32 Years of Organic Growth Record Net Income for 32 of 34 Years $103,817 (000’s) $120,000 $100,000 Compound Annual Growth 1991 – 2022 • Loans = 11% • Deposits = 10% $80,000 • Net Income = 12% • Earnings Per Share = 12% $60,000 $40,000 $2,707 $20,000 $0 1998 2010 1991 1992 1993 1994 1995 1996 1997 19
Slide 8: Established Market Presence
Established Market Presence Organic Growth Potential in Mature and Expanding Markets 8
Slide 9: Strong Regional and Statewide Economy
Strong Regional and Statewide Economy Unemployment Rate In The Lake City Bank Footprint Is Consistent With The National Average 14.0% 13.0% 12.0% Unemployment 10.0% 8.0% 8.7% 7.9% 7.3% 11.9% 6.0% 6.1% 5.8% 8.7% 5.3% 8.0% 7.8% 4.0% 4.5% 5.9% 4.1% 4.9% 3.6% 3.4% 3.4% 3.4% 4.2% 4.0% 3.5% 3.2% 3.2% 2.0%
Slide 10: Lake City Bank Balance Sheet Dynamics
Lake City Bank Balance Sheet Dynamics 1. Capital Strength 2. Diversified Deposit Composition 3. Liquidity Availability 4. Investment Securities Portfolio 5. Asset Liability Management 10
Slide 11: Capital Strength
Capital Strength Our Above Peer Long-Term Profitability has Contributed to our Strong Capital Foundation • Lake City Bank has significantly higher levels of capital than the minimum required by the regulators for “Well- Capitalized” status • A strong capital foundation has been maintained for a long
Slide 12: Fortress Balance Sheet in Excess of Regulatory Capital Requirements
Fortress Balance Sheet in Excess of Regulatory Capital Requirements LKFN Performance Exceeds Minimums Required to be “Well-Capitalized” Proxy Peer Average RBC Q1’23 14.6% 16.0% 14.9% 15.0% 14.0% 13.3% 13.0% 12.0% 11.0% Well Capitalized Threshold 10.0% for Consolidated Risk-Based Capital 10.0% 9.0% 8
Slide 13: Lake City Bank Capital Adequacy
Lake City Bank Capital Adequacy Capital Strength Continues in June 2023 Non-GAAP Non-GAAP Non-GAAP Adjusted June 30, Well- Capital AOCI and Excess Capital Regulatory Ratio 2023 Capitalized Cushion HTM Capital Ratios with Description * Actual Threshold (in 000’s) Losses- after AOCI AOCI and after tax
Slide 14: Stable Deposit Base
Stable Deposit Base • Deposit activity reflects customary fluctuations for this time of year • Daily monitoring of liquidity position, large depositor fluctuation report, uninsured deposit balances, and significant daily balance fluctuations • Depositors greater than $10 million totaled $1.79 billio
Slide 15: Deposit Composition Provides Diversification
Deposit Composition Provides Diversification Deposit Mix Shift From Noninterest Bearing to Interest Bearing Impacts 2023 Brokered Brokered Deposits Deposits $68,361 $10,027 1% 0% Total Total Commercial Total Retail Commercial Total Retail $2,082,564 $1,821,607 $2,085,934 $1,934,787 38% 34% 38% 36% T
Slide 16: Diversified Deposit Base
Diversified Deposit Base Deposits Are Not Concentrated to Any Industry or Client • Deposit composition has remained stable with commercial deposits increasing as a percent of total deposits • Lake City Bank had 119,359 deposit accounts at June 30, 2023. 116,740, or 98%, of those accounts are less th
Slide 17: Checking Accounting Trends by Deposit Sector
Checking Accounting Trends by Deposit Sector Commercial Accounts Grow by Double Digits since December 2019 (000) $2,500,000 Checking Account Average Balances by Deposit Type (000) Public $2,000,000 Commercial Retail Funds $1,952,662 $1,884,166 Checking Account Balances 6/30/23 $130 $15 $6,199 $1,500
Slide 18: Pre-Pandemic Deposit Comparison
Pre-Pandemic Deposit Comparison Deposit Composition Has Remained Stable in 2022 versus 2019 Brokered Brokered Deposits Deposits $113,528 $10,027 3% 0% Total Total Commercial Commercial Total Retail $1,276,047 $2,085,934 $1,934,787 31% Total Retail 38% 36% $1,617,133 39% Total Public Total Public Fun
Slide 19: Uninsured Deposits % of Deposits
Deposits (000) $0 $1,000 $2,000 $3,000 $4,000 $5,000 $6,000 2013 $1,135 2014 $1,334 2015 $1,625 2016 $1,996 Total Deposits 2017 $1,991 2018 $2,017 2019 $2,068 2020 $2,740 2021 $3,258 2022 $3,069 30% Jan 2023 $2,976 Feb 2023 $2,964 Uninsured Deposits % of Total Deposits 56% 54% 30% Mar 2023 $2,955 Ap
Slide 20: Liquidity Overview
Liquidity Overview • Available liquidity is stable and at $2.9 billion • Sources of liquidity are varied and represent wholesale funding and brokered deposits • Brokered deposits represent 1% of total deposits • Noncore funding represented 8% of total deposits and purchased funds as of June 30, 2023
Slide 21: Liquidity Preparedness
Liquidity Preparedness June 30, 2023 Additional Loan Collateral Liquidity Available for (000) Availability Used Unused/ Available Pledge Secured/Committed Borrowings: Federal Home Loan Bank-Indianapolis(1) $ 553,723 $ 400,000 $ 153,723 $ -- Federal Reserve Bank Discount Window 1,110,463 -- 1,110,463
Slide 22: Investment Securities Overview
Investment Securities Overview Excess Liquidity Deployed to Investment Security Portfolio • Excess liquidity of $1 billion deployed to investment portfolio during 2020-2022 • Investment portfolio longer duration offsets shorter duration of loan portfolio for interest rate risk management • The inves
Slide 23: Investment Portfolio Analysis
Investment Portfolio Analysis Investment Portfolio Declines as a Percentage of Total Assets in 2023 6/30/2023 12/31/2022 Weighted Market % of Weighted Market % of Maturity Value Total Maturity Value Total US Govt REMICS 6.27 102,807 9% 5.97 114,355 9% US Govt Pools 7.85 359,225 31% 7.34 377,953 29%
Slide 24: Investment Security Portfolio Cashflows
Investment Security Portfolio Cashflows Cash Flows of $373 million Expected Through March 2027 (000) 35,000,000 Investment Portfolio has generated $153 million in cash 30,000,000 flow and proceeds from sales 7,872,629 through June 30, 2023 10,686,706 25,000,000 7,912,403 8,482,866 8,093,055 7,711,23
Slide 25: Investment Portfolio
Investment Portfolio 89% of Investment Securities Portfolio is Designated Available-for-Sale 25% US Govt Treas 0.3% 20% 21% MV Investments as a % of Assets 20% US Govt US Govt Remics 18% Agencies 8.7% 15% 10.4% US Govt Pools 30.5% 14% 13% 14% 10% 12% 12% 12% 12% HTM Municipals 5% 9.7% AFS Municipals
Slide 26: Projected Impact of Rising/Falling Rates
Projected Impact of Rising/Falling Rates 15.00% Asset Sensitive Balance Sheet 10.00% 5.89% 5.00% 3.89% 1.94% 0.49% 0.97% 0.00% -1.29% -0.62% -5.00% -2.71% -5.89% -10.00% -9.51% -15.00% -20.00% NII - Rates NII - Rates NII - Rates NII - Rates NII - Rates NII - Rates NII - Rates NII - Rates NII - Rates
Slide 27: Evolution of Deposit and Loan Betas
Evolution of Deposit and Loan Betas Fed Tightening in 2022-2023 Has Been More Aggressive Than Past Cycles • NIM expanded 102 basis points from 4Q21 through 4Q22 due to asset sensitive balance sheet and lagged deposit rate increases • Total cumulative deposit beta of 44% from March 2022 to June 2023
Slide 28: Interest Rate Sensitivity
Interest Rate Sensitivity Asset Sensitivity Continues • Cost of deposits and purchased funds increased due to deposit mix shift from DDA to interest bearing FHLB/Other products, increased competition, $1,233,925 28% and funding of loan growth Fixed Rate • Fixed rate loans have shorter, 30 day LIBOR
Slide 29: Shareholder Value Strategy
Shareholder Value Strategy 1. Commercial Banking Focus 2. High Quality Team Members 3. Proven Organic Growth Experience 4. Focus on Core Deposit Funding 5. Commitment to Technology 29
Slide 30: Commercial Banking Focus
Commercial Banking Focus Experienced Relationship Driven Team • 40 credit “smart” commercial bankers • Average 23 years in banking & 13 years at Lake City Bank • We live where we lend • Face to face calling matters and is a team effort • We understand our clients’ needs • Deep organizational structu
Slide 31: Credit Process
Credit Process Commercial Banking Focus • Our credit discipline has never changed • We have a centralized committee structure • We are in-market lender to in-market clients • Character matters – we lend to people first • We focus on management/cash flow • Structure is important and is disciplined •
Slide 32: Corporate Social Responsibility
Corporate Social Responsibility Over 150 Years of Focusing on Our Customers, Employees and Our Communities • Supporting our communities since 1872 • Caring for and building a diverse and inclusive team • Delivering loan and deposit products to our communities • Developing strong cybersecurity contro
Slide 33: Lake City Bank Culture
Lake City Bank Culture High Quality Team Members • Our culture is our greatest asset and we will preserve it • Lake City University drives our culture • Diversity, Equity and Inclusion are ongoing initiatives that create a culture of belonging • Our community involvement is real and critical to our
Slide 34: Mature Market Deposit Performance
Mature1 Market Deposit Performance Organic Growth 2012 - 2022 $3,000 $2,509 $2,501 $2,500 $2,373 Lake City Bank has grown $2,000 deposits by 102% over the $1,500 last ten-year period. $1,000 $596 $509 $486 $500 $328 $93 $0 -$210 -$500 -$1,000 -$1,500 -$1,162 Lake City Bank 1st Source JPM Chase PNC S
Slide 35: Organic Growth: Indianapolis Market Opportunity
Organic Growth Indianapolis Market Opportunity Share of Deposit Market Share Indianapolis Market Banks Market 1. JPM Chase 24% 2. PNC 14% 3% 3. Merchants Bank 10% 4. Fifth Third 8% 5. Huntington National 7% 6. BMO Harris 5% 7. Bank of America 5% 8. First Internet Bank 5% 9. National Bank of Indy 4%
Slide 36: A Strong Environment for Growth and Expansion
A Strong Environment for Growth and Expansion • Indiana #1 manufacturing state in the country(1) • Manufacturing jobs decreased slightly by 0.4% from 540,500 to 538,300 from May ‘22 to May ‘23(2) • Indiana unemployment at 3.1% as of May 2023(3) • Indiana ranked 14 in CNBC’s “America’s Top States for
Slide 37: Commitment to Technology
Commitment to Technology Innovation and Competitive Technology is a Focus • Fintech partnerships play a significant role in our technology stack and enable delivery of innovative solutions to our customers • Investments in Lake City Bank Digital, a Q2 product implemented in 2021 with ongoing functio
Slide 38: Channel Utilization over Three-year Horizon
Channel Utilization over Three-year Horizon Mobile Channel Engagement Continues to Accelerate Total Total Three Channel Transactions % of Transactions % of Year Type 2020(1) Total 2023(1) Total Change Branch Transactions 2,145,258 17% 2,076,369 15% (3)% ATM/ITM 919,162 7% 842,540 6% (8)% Online Logi
Slide 39: Customer Composition and Digital Adoption
Customer Composition and Digital Adoption Digital Platform Upgrade in March of 2021 Positively Impacting Digital Adoption Across All Generations Customer Composition and Digital Adoption Over Three Years Customer Generation Breakdown 6/30/23 6/30/22 6/30/21 Gen Z (1996 - Current) 17% 52% 51% 39% Mil
Slide 40: Financial Performance
Qoake City Bank Financial Performance
Slide 41: Income Performance Metrics
Income Performance Metrics LKFN Performance Exceeds National Peers and Maintains Strong Capital Levels ROAE and ROATE LTM Peer 22.00% Average Data1 National Indiana 2.70% ROAE 11.6% 12.1% 20.00% 17.52% ROATE 12.4% 13.8% 16.64% 18.00% 15.57% 2.20% 17.40% 16.00% 16.51% 14.27% 13.27% ROAE and ROATE 13.
Slide 42: Net Income and EPS
Net Income and EPS Core Operational Profitability Improves by 4% in 2023 $103,817 $4.50 $100,000 $95,733 $4.00 $87,047 $84,337 $80,411 $4.04 $80,000 $3.74 $3.50 $3.38 $3.30 $3.00 Net Income $3.13 $60,000 $49,315 $51,104 $2.50 EPS $38,889 $40,000 $2.00 $1.92 $1.99 $1.50 $20,000 $1.51 $1.00 $0 $0.50 2
Slide 43: Pretax Pre-Provision Earnings
Pretax Pre-Provision Earnings Core Pretax Pre-Provision Earnings Improve by 10% $160,000 6.00% $140,000 $134,539 5.00% Pretax Pre-Provision Earnings/Average Assets $118,646 $118,521 $120,000 $110,620 $105,344 Pretax Pre-Provision Earnings 4.00% $100,000 $80,000 3.00% $65,898 $59,855 $60,000 $49,690
Slide 44: Average Loans
Average Loans Average YTD Loan Growth of $398 million or 9% Compared to Prior Year $5,000,000 $4,761,784 $4,424,472 $4,421,094 $4,427,166 120% $4,500,000 $3,974,532 $4,000,000 $3,843,912 110% $3,500,000 100% Loans to Deposit Ratio $3,000,000 94% 94% 95% 90% Loans $2,500,000 $2,000,000 86% 80% 83% $1
Slide 45: Line of Credit Utilization
25% 35% 55% 65% 75% 85% 95% 45% $1,655 $1,611 3,266 51% $1,664 $1,806 3,470 $1,696 $1,737 3,433 $1,616 $1,797 3,413 $1,669 $1,738 3,407 $1,630 $1,785 3,416 48% 49% 47% 49% 48% $1,593 $1,835 3,429 46% PPP Round 1 $1,637 $1,785 3,423 48% $1,473 $2,066 3,539 $1,446 $2,109 3,554 PPP Round 2 $1,499 $2,04
Slide 46: Commercial DDA
Line of Credit Utilization 30% 35% 45% 50% 60% 40% 55% Dec-13 $389,051 50% Dec-14 $467,458 51% Dec-15 $572,966 50% Dec-16 $660,360 Mar-17 $620,174 Jun-17 $613,445 52% 52% 52% Sep-17 $679,078 51% Commercial DDA Dec-17 $740,576 54% Mar-18 $684,511 52% Jun-18 $689,450 51% Sep-18 $730,373 48% Dec-18 $77
Slide 47: Loan Portfolio Breakdown
Loan Portfolio Breakdown C&I Drives Lending Business Agri-business - Other Residential Commercial RE - Agriculture Commercial Mortgage Construction $374,962 $120,958 $229,078 $590,860 8% 2% 5% 12% Home Equity $183,738 4% Commercial RE - Multifamily Installment - Other $254,662 Consumer 5% $110,708 2
Slide 48: Top Industry Concentrations
Top 10 Industry Concentrations Loan Portfolio is Diversified- Commercial Office Space Represents 1.4% of Loans Automobile Dealers Restaurants Hotels $95,611 $97,359 Nondepository Credit $121,108 Intermediation 3% 2% 2% $102,499 2% Senior Living $156,027 3% Misc. Durable Goods Merchant Wholesalers $1
Slide 49: Average Deposits
Average Deposits Pandemic’s Deposit Surge Abates in 2023 (000’s) 150% $6,000,000 $5,717,358 $5,519,545 140% $5,357,284 130% $5,000,000 $4,650,597 Deposits as a Percent of Total Funding $4,093,894 $4,242,524 120% $4,000,000 110% Deposits 100% $3,000,000 98% 98% 99% 100% 97% 96% 90% $2,000,000 80% 70%
Slide 50: Deposit Breakdown
Deposit Breakdown Deposit Costs Rise in Response to Rising Competition and Interest Rate Environment Brokered Deposits Cost of Deposits 3.00% $68,361 2.14% 1% 2.00% 1.19% 1.35% 0.98% 1.10% 1.00% 0.63% 0.48% 0.50% 0.54% 0.72% 0.63% 0.63% 0.28% 0.00% Total 2011 2012 2013 2014 2015 2016 2017 2018 2019
Slide 51: Public Fund Deposit Trends
$1,000,000 $1,200,000 $1,400,000 $1,600,000 $0 $200,000 $400,000 $600,000 $800,000 Mar-17 $1,235,687 Jun-17 $1,225,991 Sep-17 $1,149,765 Dec-17 $1,2351,119 Mar-18 $1,291,170 Checking and MMA Jun-18 $1,225,127 Sep-18 $1,250,576 Dec-18 $1,215,533 Mar-19 $1,211,148 Jun-19 $1,253,704 CDs Sep-19 $1,281,4
Slide 52: Net Interest Income
Net Interest Income Growth in Net Interest Income Impacted by Higher Rates and Growth in Loans (000’s) $250,000 5.00% $202,887 Net Interest Margin, fully tax equivalent $200,000 4.50% $178,088 Net Interest Income $163,008 $151,271 $155,047 $150,000 4.00% 3.43% 3.40% $100,043 $100,000 3.38% $93,558 3
Slide 53: Asset Quality: Watchlist Loans
Asset Quality Watchlist Loans as a Percentage of Total Loans Remain at Historic Lows 5.00% 14.00% 4.00% Watch List Loans to Total Loans excluding PPP 12.00% Nonperforming Assets to Total Assets 3.00% 10.00% 8.86% 8.17% 8.06% 7.46% 8.00% 2.00% 6.64% 6.75% 5.75% 5.50% 6.00% 4.64% 4.77% 4.28% 4.50% 4.4
Slide 54: Asset Quality: Allowance for Credit Losses
Asset Quality Allowance for Credit Losses Represents Strong Coverage 0.60% 2.70% 2.39% 2.28% 2.40% 0.50% ACL to Total Loans, excluding PPP 2.15% 2.10% Net Chargeoffs to Average Loans 1.92% 0.40% 1.67% 1.80% 1.59% 1.59% 1.54% 1.45% 1.48% 0.30% 1.42% 1.50% 1.26% 1.23% 1.24% 1.25% 0.20% 1.20% 0.90% 0.1
Slide 55: Noninterest Income
Noninterest Income Noninterest Income as a Percentage of Total Revenue Stable at 18% (000’s) $50,000 $46,843 60% $44,997 $44,720 Non-Interest Income as % of Total Revenue $45,000 $40,302 $41,862 50% $40,000 Non-Interest Income $35,000 40% $30,000 $25,000 $21,815 30% $21,179 $20,000 20% $15,000 22% 2
Slide 56: Total Revenue
Total Revenue Revenue Growth Benefited by Core Loan Growth and Rising Interest Rates (000’s) $300,000 $244,749 $250,000 $222,808 $209,851 $200,044 $200,000 $191,573 $150,000 $121,858 $114,737 $100,000 $50,000 $0 2018 2019 2020 2021 2022 YTD 2022 YTD 2023 2023 YOY Increase 6% 56
Slide 57: Non-Interest Expense
Non-Interest Expense $120,000 $110,210 (000’s) $104,287 $100,000 $91,205 $89,424 $86,229 $80,000 $72,168 $60,000 $54,882 $55,960 $40,000 $20,000 $0 2018 2019 2020 2021 2022 YTD 2022 YTD 2023 YTD 2023 12023 Year to date noninterest expense adjusted reflects Core Adj. (1) Noninterest Expense and exclu
Slide 58: Efficiency Ratio
Efficiency Ratio Adjusted Core Efficiency Ratio of 46% Excludes Impact of Wire Fraud Loss 70% Constant investment in technology and facilities 60% 59% 50% 51% 52% 50% 50% 48% 47% 46% 40% 46% 45% 45% 45% 43% 30% 20% 10% 0% 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 YTD 12023 Year to date
Slide 59: Stable Healthy Dividend
Stable Healthy Dividend Growth in Dividend Reflects Strength of Capital 5.00% $1.70 $1.60 4.50% $1.50 $1.36 3.79% 4.00% $1.30 $1.20 Dividend per Share $1.16 3.50% Dividend Yield $1.10 $1.00 $0.92 3.00% $0.90 $0.80 2.40% $0.70 2.25% 2.24% 2.19% 2.50% 2.41% $0.50 1.70% 2.00% $0.30 1.50% $0.10 1.00% 20
Slide 60: LKFN Shareholder Value
LKFN Shareholder Value Total Return Performance from 12/31/00 to 6/30/23 3,500.00 3,000.00 2,500.00 1,968.69% 2,000.00 1,500.00 1,000.00 420.29% 500.00 129.34% 106.59% 0.00 (500.00) 2006 2000 2001 2002 2003 2004 2005 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 LKF
Slide 61: Investment Highlights
Investment Highlights • Proven History of Organic Growth • Disciplined and Focused Strategy • Strong Internal Culture • Consistent Execution • Service Excellence Drives Shareholder Value 61
Slide 62: Supplemental Information
Supplemental Information Qoake City Bank
Slide 63: Commercial Loans by County
Commercial Loans by County Commercial Customers in 46 Indiana Counties and 22 Other States Other IN Marshall Counties (1) 4% 17% Outside IN 6% Marion 13% Allen Hamilton 18% 8% Kosciusko Commercial Loans 10% Outstanding as of Elkhart 6/30/2023 St. Joseph 15% $4.3 billion 9% June 30, 2023 (000’s) (1)
Slide 64: Larger Market Organic Expansion
Larger Market Organic Expansion Organic Growth State LCB LCB Deposit Rank County Primary City Population* Entry Market Share** # of Branches 21. Kosciusko Warsaw 80,826 1872 60% 12 6. Elkhart Elkhart 206,890 1990 23% 11 5. St. Joseph South Bend 272,234 1997 9% 4 3. Allen Fort Wayne 391,449 1999 13%
Slide 65: Mature Market Strength and Growth
Mature Market Strength and Growth Organic Growth (millions)1 2022 2012 2022 # of Deposits Share Deposits Share Increase Offices 1. 1st Source $5,051 18.67% $2,550 14.77% 98.08% 53 2. Lake City Bank $4,978 18.40% $2,469 14.30% 101.62% 52 3. JPM Chase $3,896 14.40% $1,523 8.82% 155.81% 20 4. PNC $1,84
Slide 66: Lake City Bank
5 Qvake City Bank LAKECITYBANK.COM