Lakeland Financial Corporation

Annual Report
LAKELAND FINANCIAL CORPORATION

2024 AN N U AL  R E PO RT
2
Letter to Shareholders
Lake City Bank Shareholders, Clients and 
Community Partners:
2024 was a great year for the Lake City Bank team. Our 
foundational building blocks were strengthened during the 
year and we are excited to move the business forward in 
2025. At our core, we are a true community bank dedicated 
to the communities we serve. On pages 16 and 17 of this 
annual report, you will learn about our extensive involvement 
in two organizations that are important to our Indiana 
communities, Habitat for Humanity and Junior Achievement. 
Volunteerism is a way of life at Lake City Bank. 
We encourage our team members to find an organization that 
is important to them in their communities and get involved. 
For some, such as Vice President Jana Miller, pictured on 
page 17, it’s a passion that has led to more than two decades 
of commitment. Over the last 23 years, Jana has dedicated 
thousands of hours to Junior Achievement. She loves her 
community, cares for it deeply and her service to Junior 
Achievement has created a lifetime of memories for her 
and the youth that she has served. Jana’s story repeats 
itself throughout our workforce every day and in every 
market. We truly care about our communities and are very 
proud of the impact Lake City Bank team members have 
in all 15 Indiana Counties we serve.  
The bank was founded in Kosciusko County in 1872 and 
has been headquartered in Warsaw for our entire 153-
year history. Our roots run deep in our hometown, and 
we are proud to be the largest employer in Downtown 
Warsaw with over 271 team members working here every 
day. Today, we have a 67% market share of all Kosciusko 
County deposits. That’s exceptional and we are very 
happy to take care of our hometown clients and friends. 
During 2024, we purchased a nearly 60-year-old 36,000 
square foot three-story building in Downtown Warsaw that 
will be transformed into our Innovation and Technology 
Center. It’s a physical commitment to ensuring that we 
remain focused on delivering leading edge technology-
driven financial services to our clients. It’s also part of the 
foundational building blocks we strengthened in 2024. Our 
primary competition are large regional and national banks 
and we must constantly innovate to remain competitive 
with them. 
What else defines a true community bank? As a lender, 
it means extending credit relationships to the diverse 
industries and companies that drive the economies of 
our Indiana communities. In the pages that follow, you’ll 
read about our relationships with five of our clients, whose 
relationships span the last 35 years. At Lake City Bank, 
we are very proud of the fact that we don’t run hot and 
cold as a lender. When the recreational vehicle industry 
experienced challenges during the great recession, many 
banks redlined the industry and kicked their RV clients 
to the curb. Lake City Bank kept its balance sheet open 
to our industry clients in the RV Capital of the World in 
Elkhart, Indiana. We’ve never redlined any industry and 
simply want to lend money to people and businesses 
with strong character and a commitment to their banking 
relationship with us. We’re a relationship driven bank 
and are passionate about bringing our commitment to 
community banking to our client relationships. 
Every year, we develop a comprehensive list of Strategic 
Initiatives that will further strengthen our foundational 

3
David M. Findlay
Chairman and Chief Executive Officer 
building blocks for the future. We are an execution 
focused organization and throughout the year, our Project 
Management, Application Management and Technology 
Services teams come together with partners from across 
the bank to synergistically move these initiatives forward. 
Several years ago, we recognized that we were not 
consistently completing these initiatives on their original 
timelines. While we had the people and skillsets to get them 
done, our process architecture was flawed because we were 
trying to do too much. What did we do? We came together 
and rebuilt our process to clearly identify strategic priorities 
and to smooth out the wrinkles to ensure that every 
involved team member was rowing in the same direction 
with the right cadence. In 2025, these initiatives will deliver 
revenue growth and enhancement opportunities, establish 
long-term planning objectives and identify administrational 
and organizational initiatives to keep the innovation train 
moving forward. Partners will come together, work together 
and remain committed to these important building blocks 
for our future. 
We remain focused on creating long-term shareholder 
value at Lake City Bank. While effectively managing the 
operational and administrative costs of the business 
is a critical part of our success, the real driver of 
shareholder value creation is revenue growth. The 
key driver of revenue growth starts with balance 
sheet growth. Making loans and funding them with 
core deposits in our Northern and Central Indiana 
communities is the simple recipe that we have 
followed for 153 years. Since 1990, we’ve experienced 
consistent and exceptional growth in our business. 
We have grown loans and deposits at 10% compound 
annual growth rates. We’ve grown net income and 
diluted earnings per share at 11% compound annual 
growth rates over the same time period. Have we taken 
care of shareholders? Since 2000, our shareholders 
have experienced a total return of 2,974%. 
This is an annual report to shareholders, but it’s much 
more than that to the Lake City Bank team. It’s a 
reaffirmation of our dedication to our long history of 
community banking. While our strong capital structure 
is considered the financial foundation of the bank, 
that’s not what this annual report focuses on. This 
annual report features the human capital of the Lake 
City Bank team that has produced consistent, stable 
and strong results over the last 153 years. We love 
talking about our client relationships and the people 
who manage them. We love being long-term financial 
partners with our clients and our communities. And we 
love community banking. 
Kristin L. Pruitt
President 
We love being 
long-term financial 
partners with our 
clients and our 
communities.

2024 AN N U AL  R E PO RT
4
Management Committee
Our Management Committee averages 13 years of 
experience at Lake City Bank and 30 years of total 
experience. We come from different geographic 
locations in our Indiana footprint every Monday 
morning to start our week together in our Warsaw, 
Indiana headquarters. We could do it virtually, but 
that would be no fun. Every Monday morning, we 
discuss our respective weeks, compare notes 
on ongoing projects and initiatives and business 
conditions, and simply enjoy each other’s company 
along with some friendly banter. We are an 
organization with great pride in our culture. Building 
and strengthening our relationships with each other 
is a great way to start every week.
Left to right:
Kyra E. Clark
Senior Vice President
Chief Human Resources 
Officer
Kristin L. Pruitt
President
Jonathan P. Steiner
Senior Vice President
Chief Wealth Advisory 
Officer
David M. Findlay
Chairman and Chief 
Executive Officer
J. Rickard Donovan
Senior Vice President
General Counsel
Donald J. Robinson-Gay
Senior Vice President
Chief Credit Officer
Eric H. Ottinger
Executive Vice President 
Chief Commercial 
Banking Officer
Lisa M. O’Neill
Executive Vice President
Chief Financial Officer
Stephanie R. Leniski
Executive Vice President
Chief Retail Banking Officer

5
Board of Directors
Our board represents the foundational building blocks of stable corporate governance, leadership and 
engagement in our Indiana communities and provides balanced and thoughtful feedback to our leadership 
team. They are an extension of the bank in all of our markets and are actively engaged in moving the bank 
forward. Their diverse and varied business and personal backgrounds bring extensive expertise into the 
boardroom and they are great partners to everyone at Lake City Bank. 
Darrianne P. Christian
Civic Leader
Bradley J. Toothaker
Executive Chairman
Bradley Company
Managing Partner
Great Lakes Capital Development
Emily E. Pichon
President, Olive B. Cole Foundation
Chairman, ETP Asset Holdings, Inc.
Officer and Director
M E Raker Foundation, Inc. and Howard P. 
Arnold Foundation, Inc.
Blake W. Augsburger
Founder and Chief Executive 
Officer
LEA Professional
A. Faraz Abassi
Managing Partner
Centerfield Capital
Robert E. Bartels, Jr.
Partner, Incedo LLC
Steven D. Ross
Former Owner
Ross and Associates
David M. Findlay
Chairman and Chief 
Executive Officer
Lakeland Financial
Corporation and
Lake City Bank
Brian J. Smith
Co-Chief Executive Officer
Heritage Group, Inc.
M. Scott Welch
Chief Executive Officer
Welch Packaging Group
Left to right: 
Kristin L. Pruitt
President
Lakeland Financial Corporation 
and Lake City Bank

2024 AN N U AL  R E PO RT
6
From left to right: Erica Menzie, Human Resources Manager; 
Thomas Craig, CFO; Shane Tom, Sales Manager; Rob Cripe, 
President & CEO; Evan Cripe, Operations Coordinator; Phil Tom, 
President & COO; Matt Sausaman, General Manager. 
Turtle Top
NEW PARIS | CLIENT SINCE 1990
The bank 
feels like 
part of the 
family.

7
Turtle Top is a family business, first and foremost, 
and in many ways that extends to its employees 
and partners. Founded in the mid-1920s in Goshen 
as the Cripe Lightning Rod Company, Independent 
Protection Company remains a leading manufacturer 
of lightning protection for industrial, residential and 
historical buildings and trees. In 1962, the company’s 
Turtle Top division in New Paris introduced its first 
cargo van conversion. The company recognized 
the potential for passenger vans in the travel and 
recreational market. Today, Turtle Top manufactures 
small to mid-sized buses built on Chevrolet, Ford 
and Freightliner chassis. It continues to develop 
new models, with quality and service remaining 
paramount.
“We try to treat everybody like we would want to be 
treated,” Rob Cripe, President & CEO said. “Are we 
From left to right: Katie Schmidt, Assistant Vice President, Corporate & Institutional Services Sales Officer; Chad Stoltzfus, 
Senior Vice President, Commercial Central Regional Manager; Erica Menzie, Human Resources Manager; Thomas Craig, 
CFO; Shane Tom, Sales Manager; Rob Cripe, President & CEO; Evan Cripe, Operations Coordinator; Phil Tom, President & 
COO; Matt Sausaman, General Manager; Gavin Miller, First Vice President, Commercial Banking Officer; Tabitha Williamson, 
First Vice President, Corporate & Institutional Services Manager.
interested in selling buses? Absolutely. But if you buy one 
of our buses and you’re not happy with it we’re going to 
stand behind it in the field. Our competitive advantage is 
our commitment to quality and relationships.”
As a fifth-generation family business, Turtle Top 
recognizes that building relationships contributes to its 
success. The company has loan and deposit products 
with Lake City Bank and leverages the bank’s technology-
driven treasury management products. Most importantly, 
their family orientation extends to the team of bankers 
they work with.
“It’s been very easy to do business with Lake City Bank,” 
Cripe said. “The bank has always been there for anything 
we’ve needed. We talk to Gavin (Miller) about what we’re 
wanting to do, and he comes back with two or three 
options. They feel like part of the family.”

2024 AN N U AL  R E PO RT
8
From left to right: Todd Hollman, CEO & COO; Tyler 
Freeland, Managing Partner; Reena McKee, Controller. 
Freeland Group Restaurants
FORT WAYNE | CLIENT SINCE 2022
The bankers 
we deal with 
are just all 
top-notch 
people.

9
From left to right: Shelly Meyer, Vice President, Private Banking Manager; Reneta Thurairatnam, First Vice President, Senior Wealth 
Advisor; Dan Beechy, Vice President, Corporate & Institutional Services Sales Officer; Todd Hollman, CEO & COO; Tyler Freeland, 
Managing Partner; Reena McKee, Controller; Marshall Weadick, First Vice President, Regional Credit Officer; Cammy Treadway, 
Senior Vice President, Commercial East Regional Manager; Nathan Burnell, Vice President, Commercial Banking Officer.
What started as a part-time job for Dick Freeland, founder 
of Freeland Group Restaurants, grew into a restaurant 
group encompassing nearly 90 restaurants and counting 
in four states. The company has grown significantly since 
opening its first Pizza Hut franchise in Fort Wayne in 1972, 
recently purchasing 35 Pizza Hut restaurants in Wisconsin 
and Illinois while embarking on a new venture with Dave’s 
Hot Chicken. With all that growth, the company remains 
committed to its culture of supporting communities 
and love of the restaurant business. While Dick 
Freeland passed away in 2013, his vision of community 
engagement continues today.
“Dick felt it was really important not only for him and the 
company leaders to be involved with the community but 
also for our teams,” said Todd Hollman, CEO & COO. “We 
all are involved with different nonprofits and encourage 
our teams to spend time with nonprofits, to serve those 
around them.”
Culture has made Freeland Group Restaurants’ 
relationship with Lake City Bank a natural fit. The 
company uses loan and deposit products, technology-driven 
treasury management solutions, and personal accounts 
with the bank’s Wealth Advisory Group and Private Banking 
services.
“The bankers we deal with are just all top-notch people,” 
Hollman said. “If we have questions, they answer them. They 
helped us figure out how to organize our depository accounts 
into our main accounts and did a phenomenal job helping 
our accounting team redo our internal banking infrastructure, 
adding a lot of automation. It’s a lot smoother.”
While relatively new, the partnership between the bank and 
Freeland Group Restaurants is built on a strong foundation 
and shared values. 
“There’s something about the Lake City Bank culture where 
everyone you engage with is easy to talk to,” said Tyler 
Freeland, Managing Partner. “They have a way of articulating 
complex topics well for people on our team, who we 
bring into meetings so that they can learn. We’ve always 
appreciated that.”

2024 AN N U AL  R E PO RT
10
From left to right: Drew Jeffrey, Vice President of Business 
Development; Edward Hamilton, CEO; Conrad Bontrager, 
CFO; Scott Mereness, Chairman; Jason Newburn, Vice 
President of Operations.
Modineer Group
NILES, MI | CLIENT SINCE 2020
The local 
relationship 
with Lake 
City Bank 
means a lot 
to our team.

11
From left to right: Todd Bruce, Senior Vice President, Commercial North Regional Manager; Drew Jeffrey, Vice President of 
Business Development; Edward Hamilton, CEO; Conrad Bontrager, CFO; Scott Mereness, Chairman; Jason Newburn, Vice 
President of Operations; Anna Corkill, Vice President, Corporate & Institutional Services Sales Officer; Ron BonDurant, Vice 
President, Commercial Banking Officer.
Modineer Group is a state-of-the-art metal fabricator 
serving multiple industries by manufacturing high- 
or low-volume custom parts from quality steel, 
aluminum and stainless. Capabilities include roll 
forming, metal machining, fabrication, welding and 
more. The company leads by concentrating on high-
quality production that meets and exceeds customer 
specifications and deadlines. 
“Our team works closely with all our customers,” 
said Edward Hamilton, Chief Executive Officer. “We 
have a very hands-on leadership team that allows 
us to keep a sharp focus on quality, delivering 
premium components every time, and exceeding 
expectations.”
Serving the automotive, military and defense, 
and commercial markets for more than 70 years, 
Modineer has grown organically and by acquisition, 
expanding to nine production facilities to accommodate 
customer demand. With that growth the company remains 
nimble to pivot quickly based on industry changes.
The Modineer Group leadership team cites a strong 
partnership with Lake City Bank as contributing to its 
success. The company uses loan and deposit products, 
along with technology-driven treasury management 
solutions. 
“The local relationship with Lake City Bank means a lot to 
our team,” said Scott Mereness, Chairman. “The bankers 
we work with invest the time to get to know our team 
members, our leadership team and what we’re about as a 
company. That fosters mutual trust and respect between 
us and the bank.”

2024 AN N U AL  R E PO RT
12
From left to right: Jeff Browning, Estimator and Project 
Manager; Allan Browning, President; Stephanie Cook, 
Marketing Coordinator.
Browning Chapman, LLC
WESTFIELD | CLIENT SINCE 2022
Lake City 
Bank has been 
the best fit for 
a company 
like ours.

13
From left to right: Jody Meyer, First Vice President, Retail Banking Regional Manager; Brian Burrell, Vice President, 
Commercial Banking Officer; Allan Browning, President; Melanie McIntyre, Vice President, Corporate & Institutional Services 
Sales Officer; Angie Doty, Vice President, Retail Banking Officer.
Browning Chapman is a specialty contractor firm that 
delivers a wide array of construction services across the 
country in public and private sectors. The services they offer 
are as varied as the markets they serve. The firm regularly 
performs structural concrete repairs, masonry restoration, 
resinous and traffic coatings, application of joint sealants 
and waterproofing, concrete leveling and polishing, sports 
flooring installation, and parking garage restoration and 
maintenance.
Founded in 2012 by industry veterans Allan Browning and 
Gordon Chapman, the company sets itself apart by focusing 
on the values of quality, integrity and loyalty in all of their 
work to consistently deliver superior product while building 
trusted relationships with both clients and field partners. 
“When we started our business, we decided to concentrate 
on the specialty work rather than general construction 
because we saw great opportunity in that area,” said Allan 
Browning, President. “That strategy has been advantageous 
for us and we’ve forged great relationships with many 
clients across the country.”
Browning Chapman now operates out of offices in Indiana, 
Ohio, Florida and Texas, giving them flexibility to quickly route 
teams to projects that span numerous markets including 
industrial, commercial, education, healthcare, athletics and 
hospitality. You can see their quality of work with prominent 
long-term clients across the state of Indiana including Eli Lilly, 
Cummins, University of Notre Dame and the Indianapolis 
International Airport – just to name a few.
These client relationships, built on proven trust and consistent 
excellence, are vital to Browning Chapman’s success and they 
seek the same values for their banking needs. They utilize Lake 
City Bank’s loan and deposit products, digital banking and 
technology-driven treasury management products, as well as 
personal banking accounts, but ultimately the shared values 
matter most.
“Lake City Bank has been the best fit for a company like ours, 
with tailored solutions for the unique challenges we face in 
the construction industry. The time they spend working to 
understand who we are and how we operate has made all the 
difference. It’s clear that they value relationships and loyalty as 
much as we do,” said Browning.

2024 AN N U AL  R E PO RT
14
From left to right: Craig Schau, Controller; Josh Wildman, 
CEO; Stephen Sparks, COO; Jeffrey Van Houten, Strategic 
Account Manager; Casey Pepper, Vice President of Sales; 
Lori Stanger, Vice President of People & Culture.
Wildman Business Group
WARSAW | CLIENT SINCE 1995
Everyone at the 
bank is easy to 
work with and 
just a phone 
call away.

15
From left to right: Shelly Kammerer, Vice President, Retail Banking Officer & Private Banker; Craig Schau, Controller; Josh 
Wildman, CEO; Stephen Sparks, COO; Jeffrey Van Houten, Strategic Account Manager; Casey Pepper, Vice President of 
Sales; Lori Stanger, Vice President of People & Culture; Nathan Conley, Vice President, Commercial Banking Officer; Tiffany 
Mudd, Assistant Vice President, Corporate & Institutional Services Sales Officer.
Wildman Business Group has been growing since 1952. 
Their story starts with Rex Wildman, a World War II veteran 
and entrepreneur at heart, when he bought a dry cleaning 
business in Nappanee, Indiana which he later moved to 
Warsaw. The business thrived, expanding into the industrial 
uniform industry and had an opportunity to acquire a local 
competitor in 1998. Brent Wildman, Rex’s son, worked with 
Lake City Bank to obtain a loan for the acquisition, doubling 
the company’s size. The rest, as they say, is history. 
Today, Wildman’s nearly 500 employees offer uniform rental, 
restroom supply service, floor mat supply and cleaning, 
deep cleaning services, and first aid supply service from 
eight locations in Indiana and Michigan. Wildman is now the 
nation’s third largest family-owned laundry service provider 
with an industrial focus. In addition to industrial laundry 
services throughout Indiana and Michigan, Wildman also 
has a national presence through YouTheFan which designs 
and manufactures licensed consumer products, as well as 
Winona Services and Provision First Aid which provide other 
laundries with sales and marketing support and supply 
janitorial and first aid products. 
Despite their exponential growth, the business remains built 
on its humble principles of trust and first-name relationships. 
The Wildman team invests the time to get to know their 
customers, enabling them to propose solutions and pricing 
that work well every time. 
“Just like Lake City Bank, we’re in the relationship business. 
When we do business, it’s as a trusted partner. That means 
we can drive higher value while offering more products 
and services to fulfill the needs of our clients,” said Josh 
Wildman, Chief Executive Officer. 
Lake City Bank’s partnership with Wildman has grown too. In 
addition to loan and deposit products with Lake City Bank, 
Wildman leverages the bank’s technology-driven treasury 
management solutions.
“Similar to our story, Lake City Bank has grown and we 
continue to have easy access to the team of bankers we 
work with,” said Wildman. “Everyone at the bank is easy to 
work with and just a phone call away, and we truly appreciate 
that partnership.”

From its start in 1872, giving back has come naturally to Lake City Bank. Employees across the bank’s footprint 
take its core values of Stewardship and Community Service seriously. The work employees do as volunteers is 
deeply personal and rooted in a commitment to the communities where they live and work. 
The bank’s 670 employees volunteered a total of 4,040 hours with organizations they care about in 2024.
2024 AN N U AL  R E PO RT
16
Defining Community Banking 
One Volunteer Hour at a Time
From left to right: Stacy Price, Vice President, Financial Analyst; Shannan Hepler, Vice President, One Call Center Manager; 
Ben Logan, Executive Director; Kimberly Knoerzer, Assistant Vice President, Client Protection Services Assistant Manager; 
Karen Francis, First Vice President, Retail Banking Regional Manager; Haylee Brown, Retail Banker.
Habitat for Humanity of Kosciusko County
Habitat for Humanity of Kosciusko County is a great 
example of an organization that bank employees support 
enthusiastically, helping build homes for local families in 
Kosciusko County. 
Habitat for Humanity is part of the international organization 
founded in 1976 dedicated to building strength, stability and 
self-reliance in partnership with people and families that need 
an affordable home. Habitat homeowners help build their own 
homes alongside volunteers and pay an affordable mortgage. 
Volunteers work on each home the organization builds, with a 
typical project needing 1,000 to 1,500 volunteer hours logged 
toward its completion.
“Without volunteers from companies like Lake City Bank, this 
program wouldn’t be possible,” said Ben Logan, Executive 
Director, Habitat for Humanity of Kosciusko County. 
“Volunteers are essential to the community-building process 
because they connect the local area and future homeowner. 
Lake City Bank volunteers help complete the 
Habitat for Humanity of Kosciusko County’s 
project build in Mentone.

From left to right: Stephany Garcia, Retail Banker; Lena Yarian, President; 
Steve Schumacher, First Vice President, Retail Banking Regional Manager; 
Cailyn Zechiel, Retail Banker; Luke Mungovan, Assistant Vice President, 
Commercial Banking Officer; Livia Rose, Retail Banking Officer; Natalie 
Ousley, Assistant Vice President, One Call Center Manager.
17
Lake City Bank volunteers in Junior Achievement 
of Northern Indiana’s Finance Park.
Those relationships help set up our homeowners, and 
ultimately our community, for long-term success. We truly 
appreciate the value that Lake City Bank team members 
bring to the table.”
In 2024, Lake City Bank employees volunteered 148 hours 
with Habitat for Humanity of Kosciusko County.
Junior Achievement of Northern Indiana
Lake City Bank employees have a long history working with 
Junior Achievement. In fact, many individuals count their 
involvement with Junior Achievement in decades, not years. 
Junior Achievement of Northern Indiana is one of 100 local 
Junior Achievement Areas across the U.S. offering core 
content in work readiness, entrepreneurship and financial 
literacy to young people. Their mission extends beyond 
presenting content. The organization works to inspire and 
prepare young people to succeed in our evolving economy, 
own their economic success, and prepare for the future. 
That ambitious work takes many hands to deliver. 
“Volunteerism is the heartbeat of Junior Achievement, 
helping our curriculum come alive with real-world 
experiences, sparking curiosity, and encouraging 
students to dream big,” said Lena Yarian, President 
of Junior Achievement of Northern Indiana. “Lake 
City Bank employees make a difference by sharing 
their expertise and serving as role models. They 
empower students with essential skills and strengthen 
community ties, leaving a lasting impact on the next 
generation.”
For the second year in a row, Lake City Bank 
was presented the U.S. President’s Volunteer 
Service Bronze Award in 2024. The bank earned 
this recognition based on 1,385 volunteer hours 
contributed by its employees during the 2022-2023 
school year. Created by the President’s Council on 
Service and Civic Participation, Lake City Bank is one 
of only 69 companies across the U.S. honored with 
the award, including much larger companies such as 
General Motors, Caterpillar and General Electric.
Overall, 170 Lake City Bank employees across the 
bank’s footprint volunteered with Junior Achievement 
in 2024.
Jana Miller, Vice President, Retail Banking 
Officer, accepts the U.S. President’s Volunteer 
Service Bronze Award from Jack Kosakowski, 
President and Chief Executive Officer of Junior 
Achievement USA.

2024 AN N U AL  R E PO RT
18
Five Year Summary of Financial Highlights
End of Period Balances
Assets
Deposits
Loans, net of Deferred Fees
Allowance for Credit Losses*
Total Equity
Average Balances
Assets
Total Assets
Earning Assets
Investments
Loans, net of Deferred Fees
Liabilities and Equity
Total Deposits
Interest Bearing Deposits
Interest Bearing Liabilities
Total Equity
Income Statement Data
Net Interest Income
Net Interest Income - Fully Tax Equivalent
Provision for Credit Losses*
Noninterest Income
Noninterest Expense
Net Income
Per Share Data
Basic Net Income Per Common Share
Diluted Net Income Per Common Share
Cash Dividends Per Common Share
Dividend Payout
Book Value Per Common Share
Basic Weighted Average Common Shares Outstanding
Diluted Weighted Average Common Shares Outstanding
Key Ratios
Return on Average Assets
Return on Average Total Equity
Average Equity to Average Assets
Net Interest Margin
Efficiency
Net Charge Offs to Average Loans
Credit Loss Reserve to Total Loans
Credit Loss Reserve to Nonperforming Loans
Nonperforming Assets to Total Loans
*Beginning January 1, 2021 calculation is based on the current expected credit loss methodology. Prior to January 1, 2021 calculation was based on 
the incurred loss methodology.
The following selected data has been taken from the Company’s consolidated financial statements. Refer to Lakeland Financial Corporation’s Annual 
Report on Form 10-K for the year 2024 for a complete set of consolidated financials.
2020
$5,830,435
5,036,805
4,649,156
61,408
657,184
$5,424,796
5,184,836
633,957
4,424,472
$4,650,597
3,340,696
3,437,338
624,174
$163,008
165,454
14,770
46,843
91,205
84,337
$3.31
3.30
1.20
36.36%
$25.85
25,469,242
25,573,941
1.55%
13.51%
11.51%
3.19%
43.46%
0.09%
1.32%
507.42%
0.26%
In thousands, except share and per share data
2021
$6,557,323
5,735,407
4,287,841
67,773
704,906
$6,153,780
5,906,640
1,068,325
4,421,094
$5,357,284
3,686,112
3,761,520
674,637
$178,088
181,675
1,077
44,720
104,287
95,733
$3.76
3.74
1.36
36.36%
$27.65
25,475,994
25,620,105
1.56%
14.19%
10.96%
3.07%
46.81%
0.09%
1.58%
449.13%
0.36%
2022
$6,432,371
5,460,620
4,710,396
72,606
568,887
$6,427,579
6,123,163
1,432,287
4,427,166
$5,717,358
3,874,581
3,913,195
596,487
$202,887
208,514
9,375
41,862
110,210
103,817
$4.07
4.04
1.60
39.60%
$22.28
25,528,328
25,712,538
1.62%
17.40%
9.28%
3.40%
45.03%
0.10%
1.54%
424.91%
0.37%
2024
$6,678,374
5,900,966
5,117,948
85,960
683,911
$6,662,718
6,328,498
1,134,979
5,039,406
$5,836,025
4,578,219
4,644,553
662,087
$196,679
201,363
16,750
56,844
125,084
93,478
$3.64
3.63
1.92
52.89%
$26.62
25,676,543
25,769,018
1.40%
14.12%
9.94%
3.18%
49.34%
0.05%
1.68%
152.25%
0.85%
2023
$6,524,029
5,720,525
4,916,534
71,972
649,793
$6,464,980
6,114,225
1,184,659
4,813,678
$5,604,228
4,128,922
4,295,743
588,667
$197,035
202,347
5,850
49,858
130,710
93,767
$3.67
3.65
1.84
50.41%
$25.37
25,604,751
25,723,165
1.45%
15.93%
9.11%
3.31%
52.94%
0.13%
1.46%
458.01%
0.33%

19
Condensed Consolidated Balance Sheets
Years ended December 31 | In thousands, except share data
Assets
Cash and due from banks
Short-term investments
Total cash and cash equivalents
Securities available-for-sale (carried at fair value)
Securities held-to-maturity (carried at amortized cost)
Real estate mortgage loans held-for-sale
Total loans
Less: Allowance for credit losses
Net loans
Land, premises and equipment, net 
Bank owned life insurance
Federal Reserve and Federal Home Loan Bank stock
Accrued interest receivable
Goodwill
Other assets
Total Assets
Liabilities
Noninterest bearing deposits
Interest bearing deposits
Total deposits
Accrued interest payable and other liabilities
FHLB advances and other borrowings
Total Liabilities
Stockholders’ Equity
Common stock: 90,000,000 shares authorized, no par value
Retained earnings
Accumulated other comprehensive income (loss)
Treasury stock
Total Stockholders’ Equity
Total Noncontrolling Interest
Total Equity
Total Liabilities and Stockholders’ Equity
End of period shares issued
End of period shares outstanding
2024
$71,733
96,472
168,205
991,426
131,568
1,700
4,946,028
85,960
5,031,988
60,489
113,320
21,420
28,446
4,970
124,842
$6,678,374
$1,297,456
4,603,510
5,900,966
93,497
0
5,994,463
129,664
736,412
(166,500)
(15,754)
683,822
89
683,911
$6,678,374
25,978,831
25,509,592
Report of Independent Registered Public Accounting Firm
Stockholders and the Board of Directors of Lakeland Financial Corporation
Warsaw, Indiana
We have audited, in accordance with the standards of the Public Company Accounting Oversight Board (United States) (“PCAOB”), the consolidated balance sheets of Lakeland 
Financial Corporation as of December 31, 2024 and 2023, and the related consolidated statements of income, comprehensive income (loss), changes in stockholders’ equity, and 
cash flows for each of the years in the three-year period ended December 31, 2024 (not presented herein); and in our report dated February 19, 2025, we expressed an unqualified 
opinion on those consolidated financial statements. In our opinion, the information set forth in the accompanying condensed consolidated financial statements is fairly stated, in all 
material respects, in relation to the consolidated financial statements from which it has been derived.
Crowe LLP, South Bend, Indiana, February 19, 2025
See Annual Report on Form 10-K.
2023
$70,451
81,373
151,824
1,051,728
129,918
1,158
4,916,534
71,972
4,844,562
57,899
109,114
21,420
30,011
4,970
121,425
$6,524,029
$1,353,477
4,367,048
5,720,525
103,711
50,000
5,874,236
127,692
692,760
(155,195)
(15,553)
649,704
89
649,793
$6,524,029
25,903,686
25,430,566

2024 AN N U AL  R E PO RT
20
Condensed Consolidated Statements of Income
Years ended December 31 | In thousands, except share and per share data
Interest Income
Interest and fees on loans
Interest and dividends on securities
Taxable
Tax exempt
Interest on short-term investments
Total Interest Income
Interest Expense
Interest on deposits
Interest on FHLB advances and other borrowings
Total Interest Expense
Net Interest Income
Provision for credit losses
Net Interest Income After Provision for
Credit Losses
Noninterest Income
Wealth advisory and investment brokerage income
Service charges on deposit accounts
Loan and service fees
Merchant card fee income
Bank owned life insurance income
Interest rate swap fee income
Mortgage banking income (loss)
Net securities gains (losses)
Net gain on Visa shares
Other income
Total Noninterest Income
Noninterest Expense
Salaries and employee benefits
Occupancy and equipment expense
Data processing fees and supplies
Other expense
Total Noninterest Expense
Income Before Income Tax Expense
Income tax expense
Net Income
BASIC WEIGHTED AVERAGE COMMON SHARES OUTSTANDING
BASIC EARNINGS PER COMMON SHARE
DILUTED WEIGHTED AVERAGE COMMON SHARES OUTSTANDING
DILUTED EARNINGS PER COMMON SHARE
See Annual Report on Form 10-K.
2022
$203,668
14,132
19,553
2,214
239,567
36,281
399
36,680
202,887
9,375
193,512
10,954
11,595
12,214
3,560
432
579
633
21
0
1,874
41,862
58,530
12,050
12,826
26,804
110,210
125,164
21,347
$103,817
25,528,328
$4.07
25,712,538
$4.04
2024
$337,765
12,048
15,714
7,631
373,158
172,759
3,720
176,479
196,679
16,750
179,929
12,363
11,157
11,832
3,542
4,210
0
116
(46)
8,996
4,674
56,844
66,728
12,477
15,161
30,718
125,084
111,689
18,211
$93,478
25,676,543
$3.64
25,769,018
$3.63
2023
$308,015
13,153
16,396
5,703
343,267
137,791
8,441
146,232
197,035
5,850
191,185
10,895
10,773
11,750
3,651
3,133
794
(254)
(25)
0
9,141
49,858
59,147
11,992
14,003
45,568
130,710
110,333
16,566
$93,767
25,604,751
$3.67
25,723,165
$3.65

21
Corporate Information
Nature of Business
Lakeland Financial Corporation is a $6.7 billion bank holding 
company located in Warsaw, Indiana. Lake City Bank, its 
single bank subsidiary, was founded in 1872 and serves 
Central and Northern Indiana communities with 54 branch 
offices and a robust digital banking platform. Lake City Bank’s 
community banking model prioritizes building in-market 
long-term customer relationships while delivering technology-
forward solutions for retail and commercial clients.
Headquarters
Lakeland Financial Corporation
202 E Center Street 
Warsaw, IN 46580
(574) 267-6144
(800) 827-4522
lakecitybank.com
Annual Meeting
Tuesday, April 8, 2025 
3:30 pm eastern
Common Stock Listing 
Lakeland Financial Corporation common stock is traded on 
the Nasdaq Global Select Market under the symbol “LKFN.”
Market Makers
Canaccord Genuity Inc.
Robert W. Baird & Co. Incorporated
Cantor Fitzgerald & Co.
Citadel Securities LLC
TD Securities (USA) LLC
Canaccord Genuity LLC.
D.A. Davidson & Co.
G1 Execution Services, LLC
Goldman Sachs & Co. LLC
GTS Securities LLC
IMC Financial Markets
StoneX Financial Inc.
Janney Montgomery Scott Inc.
Keefe, Bruyette & Woods, Inc.
Keybanc Capital Markets Inc.
Leerink Partners, LLC
Maxim Group LLC
Bofa Securities, Inc.
Morgan Stanley & Co. LLC
VIRTU Americas LLC
Piper Sandler & Co.
Raymond James & Associates, Inc.
RBC Capital Markets, LLC
SG Americas Securities, LLC
Stifel, Nicolaus & Company, Incorporated
Susquehanna Financial Group, LLP
Two Sigma Securities, LLC
UBS Securities LLC
Virtu Americas LLC
Wall Street Access
William Blair
Summit Securities Group, LLC
Latour Trading LLC
Stock Transfer Agent and Registrar
Equinity Trust Company, LLC (“EQ”)
PO Box 500
Newark, NJ 07101
(800) 937-5449
(718) 236-2641 fax
helpAST@equiniti.com
equinity.com/us/
Dividend Reinvestment and Stock
Purchase Plan
Lakeland Financial Corporation offers stockholders a 
convenient way to increase their investment through the 
Lakeland Financial Dividend Reinvestment and Stock Purchase 
Plan. Under the plan, investors can elect to acquire Lakeland 
Financial shares in the open market by reinvesting dividends 
and through optional cash payments. Lakeland Financial 
absorbs the fees and brokerage commissions on shares 
acquired through the plan. To obtain a plan prospectus and 
authorization form, call Tina Rensberger at (800) 827-4522. The 
plan prospectus is also available on the company’s website at 
lakecitybank.com.
Direct Deposit of Dividends
The direct deposit program, which is offered at no charge, 
provides for automatic deposit of quarterly dividends directly to 
a checking or savings account. For information regarding this 
program, call Tina Rensberger at (800) 827-4522.
Form 10-K and Other Financial Reports
The company maintains a website at lakecitybank.com. The 
company makes available on its investor relations site, free of 
charge, its annual report on Form 10-K, quarterly reports on 
Form 10-Q, current reports on Form 8-K and other reports filed 
or furnished pursuant to Section 13(a) or 15(d) of the Exchange 
Act as soon as reasonably practicable after it electronically 
files such material with, or furnishes it to, the Securities and 
Exchange Commission. The company will also provide copies 
of its filings free of charge upon written request to:
Lakeland Financial Corporation
Attn: Investor Relations
PO Box 1387
Warsaw IN 46581-1387
Corporate Governance 
Lakeland Financial Corporation corporate governance 
documents are available on the company’s investor relations 
website at lakecitybank.com or may be obtained in print form 
by contacting Tina Rensberger at (800) 827-4522.
Independent Registered Public
Accounting Firm
Crowe LLP
320 E Jefferson Boulevard
PO Box 7
South Bend, IN 46624-0007

2024 AN N U AL  R E PO RT
22
Lake City Bank Officers
Sara B. Millspaugh
Luke C. Mungovan
Kevin R. Poe
Stacy M. Richardson
Robin R. Ritchie
Elizabeth A. Schmidlin
Jordan D. Smith
Virginia E. Wirt
 
Officer
Trenton H. Cooper
Brandon J. Krutsch
Phillip P. Nguyen
Marlee J. Richter
Consumer & Home Loans
Senior Vice President
Kirtus D. Murray
First Vice President
Scott B. Bucher
Vice President
Denise M. Brennan
Sabrina N. Brown
Holly N. Clevenger
Chad J. Clinton
Phillip G. Ensley
Glenn A. Goudey
Jodi L. Hammond
Cheryl L. Luke
Susan R. McClanahan
Sarah J. Miller-Bontrager
W. John Pritz
Mark R. Rensner
Assistant Vice President
John J. (J.J.) Foster
Anna A. Jimenez
Sandra F. Medina
Todd E. Pequignot
Amanda M. Tom
	
	
Corporate & Institutional Services
First Vice President
Tabitha A. Williamson
Vice President
Dan L. Beechy
Anna N. Corkill
Melanie A. McIntyre
Sheena L. White
Assistant Vice President
Tiffany R. Mudd
Katherine G. Schmidt
Officer
Priscilla R. Coffey
Credit Administration
Senior Vice President
Bradford S. Grabow
Kimberly A. Hooley
First Vice President
Marshall C. Weadick
Vice President
Bridget M. Camden
Amanda R. Ellsworth
Cynthia J. Gianneschi
Christopher D. Hanson
Judd P. McNally
Megan E. Ottinger
Christoffer C. Penny
Daniel M. Sloan
Matthew R. Smith
Assistant Vice President
Joseph D. Burtnette
Seth M. Greiner
Kyle A. Grimm
Aaron T. Wood
Jeffrey L. Wyckoff
 
Officer
Victoria A. Larrew
Trent W. Koble
Stefani P. Rinehold
Maxxwell P. Sell
Troy D. Tom
Branden P. Wildey
Executive Administration
Officer 
Tina A. Rensberger
Finance & Treasury
Senior Vice President 
Jennifer M. Hurford—Treasurer
Brok A. Lahrman—Chief Accounting Officer
Vice President
Melissa D. Davison 
David J. Hughes
Ryan D. Neese
Stacy L. Price
Assistant Vice President
Samantha D. Ducey
Crystal A. Vander Bie
Beth A. Weber
Officer
Samuel Z. Hall
Marketing
Vice President
Luke A. Weick
 
Assistant Vice President
Kathleen D. Panning
Officer
Cameron R. Jagger
Operations
Senior Vice President
Lisa A. Fulton
First Vice President
Eric D. Wagoner
Donna J. Wolfe
Vice President
Michele R. Ganser
Shannan L. Hepler
Michelle L. Jacobsen
Miranda R. Jordon
Scot A. Karbach
Jan R. Martin
Leslie R. Rutherford
Timothy C. Vosberg
Diane M. Wirth
Assistant Vice President
Micaela M. Alvarez
Katrina L. Beverly
Jennifer A. Bradley
Nicholas A. Brewer
Jill E. Garber
Michelle L. Harris
Brittney C. Hollopeter
Jennifer R. Kooistra
Karla J. Kroll
Jennifer L. Mosier
Michele I. Myers
Natalie M. Ousley
Maritza Patino
Ashley D. Walker
Ashaunte M. Wallen
Brandice M. Wampler
Thomas B. Weimer
Officer
Chloe D. Damron
Denise M. Eldridge
Kelli L. Gonzalez
Lisa M. Goon
Kelli L. Hatfield
Susan K. Hayes
Jillian M. Howell
Candince M. Leedy
Kelsey L. Nelson
Carla A. Snyder
People Development
First Vice President
Tori L. Platt
Vice President
Ana Karina Cervantes
Rhonda K. Frank 
Mary A. Lepird 
 
Assistant Vice President
Kristen J. Heiman
Brianna D. Kreczmer
Justin Taylor
Officer
Marissa Rico
Blake E. Shearer
Management Committee
David M. Findlay
Chairman &
Chief Executive Officer
Kristin L. Pruitt
President
Stephanie R. Leniski
Executive Vice President
Chief Retail Banking Officer
Lisa M. O’Neill
Executive Vice President
Chief Financial Officer
 
Eric H. Ottinger
Executive Vice President
Chief Commercial Banking Officer 
Kyra E. Clark
Senior Vice President
Chief Human Resources Officer
J. Rickard Donovan
Senior Vice President
General Counsel
Donald J. Robinson-Gay
Senior Vice President
Chief Credit Officer
Jonathan P. Steiner
Senior Vice President
Chief Wealth Advisory Officer
Brokerage
Vice President
Eric J. Frappier
Michael O. Jenkins
Assistant Vice President
Greg L. Emmack
Officer
Ashley N. Brewer 
	
Commercial Banking
Senior Vice President—Regional 
Manager
Todd A. Bruce
William R. Redman
J. Chad Stoltzfus
Camalyn M. Treadway
Christopher W. Wiggins
First Vice President
David E. Davis
Chad A. Glassburn
Rodney B. Hooley
Gavin S. Miller
Cameron V. Plew
Timothy M. Schlichte
 
Vice President
Ronald L. BonDurant
Steven L. Brown
Nathan R. Burnell
Brian D. Burrell
Nathan R. Conley
John F. Dietzen
Chad P. Douglass
Keith B. Goodman
Ryan L. Hart
Justin T. Hayes
Corbin J. Holtsberry
Cari J. Juillerat
Jeffery W. Krusenklaus
Gregory W. Lentz
Meghan C. Marrello
Cory E. McClarnon
Patricia T. McNarney
Shelly A. Meyer
Benjamin A. Rice
Michael J. Ryan
D. Andrew Skaggs
Eric J. Steenman
Nicholas A. Toney
Steven J. Troike
Amber M. Wolfer
Assistant Vice President
Christy E. Adams
Quinten J. Bender
Holly A. Davis
Kelsey M. Jenkins
Kris J. Kerlin
Erin R. Martz
Properties & Security
Vice President
Richard A. Hoover
Assistant Vice President
Victoria L. Starr
Officer
Nicholas M. Scott
	
Retail Administration
Vice President
Lisa S. Fitzgerald
Melissa S. Rupe
Assistant Vice President
Jean A. Ciriello
Officer
Amanda C. Benzing
Megan L. Sutter
Risk Management
Senior Vice President
Matthew D. VanDeWielle
First Vice President
Jeannine P. Draper Cooley
Vice President
Austin L. Bair
Gloria J. Crawford
Dianne C. Harris
Candy A. Little
Amanda M. Longmire 
Kyle G. Schmidt
Becka J. Turnbow 
Assistant Vice President
Wendy N. Brown
Aaron T. Connell
Kristin D. Hohman
Kimberly A. Knoerzer
Dakotah B. Lantz
Eric D. Neuenschwander
Ashley L. Pluta
Brandon Prince
Officer
Hilda E. Cantu
Adam A. Gardner
Technology Services
Senior Vice President
Andrew T. McMonigle
Vice President
Paul D. Dausman
Joanie L. Foreman
Kimberly K. Mattke
Christopher D. Merrill
Assistant Vice President
Jordan M. Bell
Officer
Noah S. Blakesley
Leonard Groves
Gita M. Kamdar
David J. Miller
	
Wealth Advisory Group
Senior Vice President
Carrie A. Gutman
Melanie L. Farr
Andrew R. Haddock
First Vice President
Richard A. Delks
Reneta U. Thurairatnam
Vice President
Steven B. Burnside
Robert M. Congdon
Lili A. Dailey
Kevin D. Hampton
Michelle L. Kindler
Jennifer I. King
Lisa A. Mansberger
Scott R. Tapley
Assistant Vice President
Adam L. Esterline
Leslie E. Rohrer
Officer
Janel A. Burnworth
Deborah R. Cataldo

23
Lake City Bank Offices
Akron	
	
	
	
	
Penny S. Ramsey	
	
	
Vice President, Retail Banking Officer
Argos	
	
	
	
	
Kimberly K. Vermillion	
	
Vice President, Retail Banking Officer
Auburn	 	
	
	
	
Rebekah K. Hefty 	 	
	
Vice President, Retail Banking Officer
Bremen	 	
	
	
	
Sonia R. Teske	
	
	
Vice President, Retail Banking Officer
Carmel	 	
	
	
	
Ashley G. Bridges	 	
	
Assistant Vice President, Retail Banking Officer
Columbia City	
	
	
	
Carolyn M. Ross	
	
	
Vice President, Retail Banking Officer
Concord		
	
	
	
Carrie L. Heavner	
	
	
Retail Banking Officer
Elkhart Beardsley	 	
	
	
Rebecca L. Miller	
	
	
Vice President, Retail Banking Officer
Elkhart East	
	
	
	
Katelynn E. Rowe	
	
	
Assistant Vice President, Retail Banking Officer 
Elkhart High School	
	
	
Melissa J. Blosser	 	
	
First Vice President, Retail Banking Regional Manager
Elkhart Northwest		
	
	
Marissa K. Sparks	 	
	
Retail Banking Officer
Elkhart River District	
	
	
Emily E. Wold	
	
	
Assistant Vice President, Retail Banking Officer
Fishers	 	
	
	
	
Stacy R. Oswald	
	
	
Vice President, Retail Banking Officer 
Fort Wayne Downtown	
	
	
Nichole L. Mendez	 	
	
Assistant Vice President, Retail Banking Officer 
Fort Wayne Jefferson	
	
	
Kristi L. Manwaring		
	
Vice President, Retail Banking Officer
Fort Wayne North	 	
	
	
Andrew P. Dance	
	
	
Vice President, Retail Banking Officer
Fort Wayne Northeast	
	
	
Breanne Kohli	
	
	
Retail Banking Officer
Fort Wayne Southwest	
	
	
Ameenah K. Outlaw		
	
Retail Banking Officer
Goshen Downtown	
	
	
Imelda Herrera	
	
	
Retail Banking Officer
Goshen South	
	
	
	
Alma R. Jimenez	
	
	
Assistant Vice President, Retail Banking Officer
Grace Village	
	
	
	
Kimberly K. Strawbridge	
	
First Vice President, Retail Banking Regional Manager
Granger	 	
	
	
	
Kathryn A. Smith	
	
	
Vice President, Retail Banking Officer
Greenwood	
	
	
	
Lisa G. Landers	
	
	
Vice President, Retail Banking Officer 
Huntington	
	
	
	
Paula J. Whiting	
	
	
Vice President, Retail Banking Officer
Indianapolis 16 Tech	
	
	
Kyle R. Means	
	
	
Retail Banking Officer
Indianapolis Clearwater	
	
	
Jody M. Meyer	
	
	
First Vice President, Retail Banking Regional Manager
Indianapolis Downtown	
	
	
Morgan N. Hopper	 	
	
Retail Banking Officer
Indianapolis Michigan Road		
	
Terry L. Bradley	
	
	
Vice President, Retail Banking Officer
Indianapolis North		
	
	
Angela R. Doty	
	
	
Vice President, Retail Banking Officer
Jimtown		
	
	
	
Codie N. Gluchowski 	
	
Assistant Vice President, Retail Banking Officer
Kendallville 	
	
	
	
Brooke E. Bentley	  	
	
Vice President, Retail Banking Officer
LaGrange	
	
	
	
Mareen L. Barton	
	
	
Assistant Vice President, Retail Banking Officer
Ligonier Downtown	
	
	
Lori I. Cunningham	 	
	
Vice President, Retail Banking Officer
Ligonier South	
	
	
	
Jana L. Miller	
	
	
Vice President, Retail Banking Officer
Medaryville	
	
	
	
Nema R. Wireman	 	
	
Retail Banking Officer
Mentone		
	
	
	
Kimberly S. Orr	
	
	
Retail Banking Officer
Middlebury 	
	
	
	
Leah M. Osborn	
	
	
Retail Banking Officer 
Milford	
	
	
	
	
Brooke C. Williams	 	
	
Assistant Vice President, Retail Banking Officer
Mishawaka	
	
	
	
Andrea R. Bowers	 	
	
Assistant Vice President, Retail Banking Officer
Nappanee	
	
	
	
Katina A. Stephenson	
	
Vice President, Retail Banking Officer
North Webster	
	
	
	
Emily R. Jones	
	
	
Retail Banking Officer
Pierceton	
	
	
	
Livia E. Rose	
	
	
Retail Banking Officer
Plymouth	
	
	
	
Carol D. Brown 	
	
	
Vice President, Retail Banking Officer	
Rochester	
	
	
	
Kelli-Anna Cook	
	
	
Vice President, Retail Banking Officer
Shipshewana	
	
	
	
Kourtney M. Jackson	
	
Assistant Vice President, Retail Banking Officer
Silver Lake	
	
	
	
Jennifer M. Flinn	
 	
	
Vice President, Retail Banking Officer
South Bend Downtown	
	
	
Christina J. Myer	
	
	
Assistant Vice President, Retail Banking Officer
South Bend Northwest	
	
	
Mark A. Berta	
	
	
Vice President, Retail Banking Officer & Private Banker 
Syracuse	
	
	
	
Brittni A. Kuhn	
	
	
Assistant Vice President, Retail Banking Officer & Private Banker
Warsaw Downtown	
	
	
Shelly R. Kammerer		
	
Vice President, Retail Banking Officer & Private Banker
Warsaw East	
	
	
	
Olivia C. Pearson	
	
	
Retail Banking Officer
Warsaw North	
	
	
	
Kathleen Madden	
	
	
Assistant Vice President, Retail Banking Officer
Warsaw West	
	
	
	
Malana L. Wood 	
	
	
Retail Banking Officer
Winona Lake	
	
	
	
Jessica L. Slone	
	
	
Assistant Vice President, Retail Banking Officer
Forward Looking Statement 
This document (including information incorporated by reference) 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 with respect to the financial condition, results of operations, plans, 
objectives, future performance and business of the Company. Forward-looking statements, which may be based upon beliefs, expectations and assumptions of the 
Company’s management and on information currently available to management, are generally identifiable by the use of words such as “believe,” “expect,” “anticipate,” 
“plan,” “intend,” “estimate,” “may,” “will,” “would,” “could,” “should” or other similar expressions. Additionally, all statements in this document, including forward-looking 
statements, speak only as of the date they are made, and the Company undertakes no obligation to update any statement in light of new information or future events.
A number of factors, many of which are beyond the ability of the Company to control or predict, could cause actual results to differ materially from those in its forward-
looking statements. These factors include, among others, the following: (i) the strength of the local and national economy; (ii) the economic impact of future terrorist attacks 
and threats or acts of war and the response of the United States to any such attacks or threats; (iii) changes in state and federal laws, regulations and governmental 
policies concerning the Company’s general business; (iv) changes in interest rates and prepayment rates of the Company’s assets; (v) increased competition in the financial 
services sector and the inability to attract new customers; (vi) changes in technology and the ability to develop and maintain secure and reliable electronic systems; 
(vii) the loss of key executives or employees; (viii) changes in consumer spending; (ix) unexpected results of acquisitions; (x) unexpected outcomes of existing or new 
litigation involving the Company; and (xi) changes in accounting standards and practices. These risks and uncertainties should be considered in evaluating forward-looking 
statements and undue reliance should not be placed on such statements. Additional information concerning the Company and its business, including additional factors 
that could materially affect the Company’s financial results, is included in the Company’s filings with the Securities and Exchange Commission.
First Vice President – Retail Banking Regional Manager
Melissa J. Blosser 	
	
	
	
Jody M. Meyer 	
	
	
Steve D. Schumacher
Karen A. Francis 	
	
	
	
Alexandra L. Rhodes 	 	
	
Kimberly K. Strawbridge

(888) 522-2265
LAKECITYBANK.COM