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 Lakeland Bank
Lakeland Bank
| RSSD ID 687009 | CERTIFICATE 19953 | ABA NUMBER 21205376 |
| 2717 Route 23 |
Quarter Ended : |
2024-03-31 |
| Newfoundland, New Jersey, 7435 |
Updated : |
2024-04-29 |
| www.lakelandbank.com |
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| Institution Profile |
| Year Opened : |
1969 |
Institution Type : |
Commercial bank |
| Entity Type : |
State |
Federal Regulator : |
FDIC |
| Member Federal Reserve : |
No |
S-Corp : |
No |
| Fiduciary Powers : |
No |
Powers Exercised : |
No |
| Filing Type : |
041 |
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| Specialization : |
Commercial Lending Specialization |
| Statistical Area (MSA) : |
Bergen-Passaic, NJ |
| Number of Offices : |
70 |
Number of Employees : |
845 |
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| Financial Fast Facts |
Balance Sheet
(USD, in thousands) |
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Income Statement
(USD, in thousands, ytd) |
| Total Assets | 10,961,829 |
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Total Interest Income | 128,860 |
| Total Liabilities | 9,649,831 |
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Total NonInterest Income | 5,188 |
| Total Bank Equity Capital | 1,311,998 |
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Total Interest Expense | 64,131 |
| Total Deposits | 8,546,349 |
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Total NonInterest Expense | 44,544 |
| Net Loans & Leases | 8,243,601 |
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Net Income | 21,268 |
| Loan Loss Allowance | 76,823 |
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Net Charge Offs | 579 |
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| Regulatory Capital |
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Quarterly Averages
(USD, in thousands) |
| Total capital | 1,177,598 |
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Total loans | 8,127,086 |
| Total assets for the leverage ratio | 10,695,514 |
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Loans secured by real estate: | 7,506,919 |
| Tier 1 Leverage Ratio | 10.29 |
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Commercial and industrial loans | 540,329 |
| Tier 1 Capital Ratio | 12.74 |
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Loans to individuals - Credit Cards | 0 |
| Total Capital Ratio | 13.64 |
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Loans to individuals - Other | 4,407 |
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:· Lakeland Bank
