Lake City Bank
Warsaw, Indiana, Kosciusko County
$7.2B in total assets, the 222nd largest of 4,309 US banks and 7th of 89 headquartered in Indiana.
- FDIC certificate
- 13102
- Established
- 1872
- Owned by
- Lakeland Financial Corp
- Primary regulator
- FED
- Website
- www.lakecitybank.com
At a glance
Compared with 16 banks headquartered in Indiana with $1 billion to $10 billion in assets, as of June 30, 2026.
| Measure | This bank | Percentile | Peer range, middle 90% | Peer median |
|---|---|---|---|---|
| Total assets | $7.2B | 88% | $3.1B | |
| Loans | $5.6B | 88% | $2.0B | |
| Deposits | $6.3B | 88% | $2.8B | |
| Return on assets | 1.71% | 75% | 1.22% | |
| Net interest margin | 3.47% | 38% | 3.68% | |
| Efficiency ratio | 45.8% | 2% | 56.5% | |
| Equity to assets | 10.38% | 69% | 9.50% | |
| Loans to deposits | 88% | 69% | 85% |
Growth
Total assets grew 3.1% a year over the last 5 years and 6.3% a year over 10 years, without acquisitions.
Acquisitions
| Closed | Acquired bank | Assets at acquisition |
|---|---|---|
| Jul 1995 | Gateway Bank Lagrange, IN | $20M |
| Nov 1993 | Prime Bank Cromwell, IN | $59M |
| Aug 1984 | State Exchange Bank Roann, IN | $20M |
Where they operate
57 branches in 15 counties.
Largest markets by deposits
| County | Deposits | Market share | Rank |
|---|---|---|---|
| Allen County, IN | $1.5B | 15.8% | 2 of 24 |
| Kosciusko County, IN | $1.5B | 66.3% | 1 of 10 |
| Elkhart County, IN | $1.2B | 24.0% | 1 of 16 |
| Hamilton County, IN | $584M | 1.9% | 8 of 32 |
| St. Joseph County, IN | $477M | 8.2% | 3 of 15 |
| Dekalb County, IN | $237M | 21.9% | 1 of 12 |
Deposits by branch from the FDIC Summary of Deposits, June 2026. Rank among all banks with branches in that county.
Branch history since 2016
Net gain of 8 branches since 2016 (49 to 57, +16.3%). 8 opened, 0 acquired, 0 closed or sold.
| Period | What happened | Opened or acquired | Closed or sold | Net change | Branches at end |
|---|---|---|---|---|---|
| Start of 2016 | Starting point | 49 | |||
| 2016 | Opened Fort Wayne | 1 | 0 | +1 | 50 |
| 2017 | Opened Greenwood | 1 | 0 | +1 | 51 |
| 2019 | Opened Indianapolis | 1 | 0 | +1 | 52 |
| 2021 | Opened Elkhart | 1 | 0 | +1 | 53 |
| 2022 | Opened Elkhart | 1 | 0 | +1 | 54 |
| 2023 | Opened Indianapolis | 1 | 0 | +1 | 55 |
| 2024 | Opened Carmel | 1 | 0 | +1 | 56 |
| 2025 | Opened Westfield | 1 | 0 | +1 | 57 |
Balance sheet and earnings
Loans by type
| Type | Share | This bank | Peers |
|---|---|---|---|
| Commercial real estate | 31% | 27% | |
| Business (C&I) | 29% | 16% | |
| 1-4 family residential | 11% | 23% | |
| Multifamily | 10% | 12% | |
| Construction and land | 8% | 7% | |
| Farmland | 3% | 6% | |
| Agricultural | 3% | 2% | |
| Consumer | 2% | 3% | |
| Other | 2% | 4% |
Deposits by type
| Type | Share | This bank | Peers |
|---|---|---|---|
| Other interest-bearing | 65% | 59% | |
| Noninterest-bearing | 21% | 18% | |
| Time deposits | 15% | 24% |
Brokered deposits are 4.7% of deposits (peers 4.7%).
Return on assets
Trailing four quarters, with the peer median.
Credit and capital
| This bank | Peer median | |
|---|---|---|
| Noncurrent loans | 0.36% | 0.59% |
| Net charge-offs, annualized | 0.08% | 0.04% |
| Reserves to loans | 1.26% | 1.34% |
| Leverage ratio | 11.89% | 10.25% |
Noncurrent loans exclude government-guaranteed portions.
Related banks
Similar size in Indiana
Largest competitors in Allen County, IN
Figures as of June 30, 2026 from the bank's Call Report, FDIC structure and branch data, and the Federal Reserve. Short link: bankingstats.com/lake-city