Lakeland Financial is a bank holding company that operates through its wholly owned subsidiary, Lake City Bank, a community bank headquartered in Warsaw, Indiana. Lake City Bank provides commercial and consumer banking services across Northern and Central Indiana through 55 branches in 15 counties. The core business is commercial banking — the bank targets businesses across industries including commercial real estate, manufacturing, agriculture, construction, and healthcare, offering loans, deposit accounts, and treasury management services. Retail customers are served through consumer loans, credit cards, and deposit products, with wealth management, trust, and brokerage services rounding out the offering. Like most community banks, Lake City Bank earns a net interest margin by taking in deposits and lending at higher rates, with profitability driven by loan volume and mix, deposit costs, interest rates, and credit quality. Fee income from treasury management, wealth advisory, and retail banking services provides secondary revenue diversification. The bank funds itself primarily through customer deposits gathered across its branch network and through the Federal Home Loan Bank system. Lake City Bank has grown entirely organically since its first out-of-county expansion in 1985, growing assets from $286M in 1990 to $7.0B in 2025. The current growth focus is the Indianapolis metro, which the bank entered in 2011 and where it has since added 14 locations. Lake City Bank's positioning centers on combining relationship-based community banking with the product breadth of larger regional competitors, supported by a local management structure organized across five geographic regions.