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PARENT COMPANY STATEMENTS (Tables)
12 Months Ended
Dec. 31, 2017
Condensed Financial Information Of Parent Company Only Disclosure [Abstract]  
Schedule of Condensed Balance Sheet
CONDENSED BALANCE SHEETS


 
 
December 31,
(dollars in thousands)
2017
 
2016
ASSETS
 
 
 
Deposits with Lake City Bank
 $850
 
 $3,467
Deposits with other depository institutions
 4,969
 
 4,636
  Cash
 5,819
 
 8,103
Investments in banking subsidiary
 482,585
 
 441,389
Investments in other subsidiaries
 3,552
 
 3,471
Other assets
 7,789
 
 5,206
  Total assets  . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
 $499,745
 
 $458,169
LIABILITIES
 
 
 
Dividends payable and other liabilities
 $239
 
 $263
Subordinated debt
 30,928
 
 30,928
STOCKHOLDERS' EQUITY
 468,578
 
 426,978
  Total liabilities and stockholders' equity . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
 $499,745
 
 $458,169
Schedule of Condensed Income Statement
CONDENSED STATEMENTS OF INCOME

 
 
Years Ended December 31,
(dollars in thousands)
2017
 
2016
 
2015
Dividends from Lake City Bank
 $21,822
 
 $20,622
 
 $10,257
Dividends from non-bank subsidiaries
 1,030
 
 1,035
 
 1,031
Other income
 57
 
 50
 
 98
Interest expense on subordinated debt
 (1,349)
 
 (1,190)
 
 (1,063)
Miscellaneous expense
 (6,491)
 
 (5,006)
 
 (3,231)
INCOME BEFORE INCOME TAXES AND EQUITY IN
 
 
 
 
 
  UNDISTRIBUTED INCOME OF SUBSIDIARIES
 15,069
 
 15,511
 
 7,092
Income tax benefit
 2,688
 
 2,483
 
 1,655
INCOME BEFORE EQUITY IN UNDISTRIBUTED
 
 
 
 
 
  INCOME OF SUBSIDIARIES
 17,757
 
 17,994
 
 8,747
Equity in undistributed income of subsidiaries
 39,573
 
 34,090
 
 37,620
NET INCOME . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
 $57,330
 
 $52,084
 
 $46,367
COMPREHENSIVE INCOME
 $59,047
 
 $47,555
 
 $44,679
Schedule of Condensed Cash Flow Statement
CONDENSED STATEMENTS OF CASH FLOWS

 
 
Years Ended December 31,
(dollars in thousands)
2017
 
2016
 
2015
Cash flows from operating activities:
 
 
 
 
 
  Net income
 $57,330
 
 $52,084
 
 $46,367
  Adjustments to net cash from operating activities:
 
 
 
 
 
    Equity in undistributed income of subsidiaries
 (39,573)
 
 (34,090)
 
 (37,620)
    Other changes
 3,586
 
 3,818
 
 3,647
      Net cash from operating activities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
 21,343
 
 21,812
 
 12,394
Cash flows from financing activities
 
 
 
 
 
    Payments (Proceeds) from issuance of common stock
 (1,736)
 
 614
 
 12
    Purchase of treasury stock
 (495)
 
 (458)
 
 (455)
    Dividends paid
 (21,396)
 
 (18,200)
 
 (15,697)
Cash flows from financing activities
 (23,627)
 
 (18,044)
 
 (16,140)
Net increase in cash and cash equivalents . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
 (2,284)
 
 3,768
 
 (3,746)
Cash and cash equivalents at beginning of the year
 8,103
 
 4,335
 
 8,081
Cash and cash equivalents at end of the year  . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
 $5,819
 
 $8,103
 
 $4,335