Lakeland Financial (LKFN) Income Statement

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Taxable	31.54M
Tax exempt	110K
Taxable	2.28M
Tax exempt	969K
Interest on short-term investments	185K
Total interest income	35.08M
Interest on deposits	5.03M
Short-term	37K
Long-term	291K
Total interest expense	5.36M
NET INTEREST INCOME	29.72M
Provision for loan losses	0
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES	29.72M
Wealth advisory fees	1.31M
Investment brokerage fees	252K
Service charges on deposit accounts	3.15M
Loan, insurance and service fees	2.11M
Merchant card fee income	552K
Other income	763K
Mortgage banking income	494K
Net securities gains (losses)	0
Total impairment losses recognized on securities
Loss recognized in other comprehensive income
Net impairment loss recognized in earnings
Total noninterest income	9.02M
Salaries and employee benefits	10.83M
Occupancy expense	1.07M
Equipment costs	1.02M
Data processing fees and supplies	1.98M
Credit card interchange
Other expense	1.56M
Total noninterest expense	18.76M
INCOME BEFORE INCOME TAX EXPENSE	19.98M
Income tax expense	6.5M
NET INCOME	13.48M
Dividends and accretion of discount on preferred stock
NET INCOME AVAILABLE TO COMMON SHAREHOLDERS
BASIC WEIGHTED AVERAGE COMMON SHARES	25.07M
BASIC EARNINGS PER COMMON SHARE	0.54
DILUTED WEIGHTED AVERAGE COMMON SHARES	25.46M
DILUTED EARNINGS PER COMMON SHARE	0.53

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