Lake City Bank, the single bank subsidiary of Lakeland Financial Corporation, announced that the bank ranked fourth in its peer group in Bank Director Magazine's 2014 Bank Performance Scorecard. The Bank Performance Scorecard is Bank Director Magazine's ranking of the “200 largest publicly traded bank holding companies in the United States based on their 2013 financial data.” The scorecard uses five key metrics that measure profitability, capital strength and credit quality. The magazine further explains that banks that rank high on the scorecard typically do well in all of the metrics rather than dominate just one or two. According to the magazine, banks that rank strongly on the scorecard tend to be well balanced across the full spectrum of profitability, capitalization and asset quality. Lake City Bank ranked fourth among the 93 banks ranked in the $1 billion to $5 billion category.
