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Q2 2026 · read from the 30 June 2026 Call Report · United States · Great Lakes · Indiana, the state note

Lake City Bank

Warsaw, Indiana · $7.24B in assets · beside the 9 other Indiana banks between $3B and $10B

The filing

45.8%
Efficiency
1st of 10
0.36%
NPA / loans
2nd of 10
+6.8%
Loans, year over year
3rd of 10, largest first

Lake City Bank is the third largest of the 10 Indiana banks between $3B and $10B, with $7.24B in assets at 30 June 2026. Loans are 88.0% of deposits, 7th of 10 against a median of 84.7%, and equity is 10.4% of assets, 5th of 10. Loans grew +6.8% in the year, 3rd of 10, and deposits grew 2.7%; the cohort's median loan growth is +3.2%.

Noncurrent loans are 0.36% of the book, 2nd of 10 against a median of 0.55%; 0.05% is 30 to 89 days past due, and the allowance covers them 3.5 times. Commercial real estate is 35.2% of loans, 6th of 10 against a median of 34.7%, and 209% of capital, below the 300% screen, with construction at 48% against the 100% screen.

Return on assets is 1.61%, 5th of 10 against a median of 1.50%, on an efficiency ratio of 45.8%, the lowest in the cohort. Five years ago it was 1.63%. The question is which of these lines moves first over the next four quarters, and against which peer.

The efficiency ratioIN banks $3B to $10B · 30 June 2026 · lower is stronger, listed first
median 54.8% LC Lake City Bank 45.8% sS 1st Source Bank 46.5% FF First Farmers Bank & Trust Co. 46.9% GA German American Bank 50.9% HB Horizon Bank 53.5% FI First Internet Bank of Indiana 56.1% NB National Bank of Inpolis 56.9% FF First Financial Bank N.A. 58.7% SF Star Financial Bank 67.7% UF United Fidelity Bank FSB 128.2%
Loans, year over yearIN banks $3B to $10B · 30 June 2026 · no better direction, largest first
median +3.2% NB National Bank of Inpolis +16.1% FF First Financial Bank N.A. +14.7% LC Lake City Bank +6.8% FF First Farmers Bank & Trust Co. +5.6% SF Star Financial Bank +3.2% GA German American Bank +3.2% sS 1st Source Bank +1.7% HB Horizon Bank -0.5% UF United Fidelity Bank FSB -3.3% FI First Internet Bank of Indiana -14.1%

SBA 7(a), FY2008 to FY2026

Lake City Bank is the 27th largest 7(a) lender into Indiana of 351, with $88M across 360 loans, 1.1% of everything approved in the state (The Huntington National Bank leads with $911M). 25 of its 37 markets have had no approvals since before FY2023: an absence in the record, not a stated withdrawal.

Where it lends in Indiana, and where it has gone quietshare movement, FY2023 to FY2025 against FY2020 to FY2022; outlined counties are on the book
Gaining shareLosing shareFlatGone quiet: nothing since FY2023Too thin to read a directionNo record
Every market on the book, largest firstrank and share among every lender in the county, FY2008 to FY2026
CountyApprovedRankShareTrend
Marion, IN$25M20th of 1721.5%-2.4 pts
Hamilton, IN$13M18th of 1321.5%-0.4 pts
Allen, IN$10M15th of 1012.1%-1.4 pts
Elkhart, IN$9M11th of 582.9%quiet FY2022
Marshall, IN$7M4th of 388.7%quiet FY2020
Kosciusko, IN$6M2nd of 3410.3%-13.9 pts
Berrien, MI$5M11th of 562.3%quiet FY2021
St Joseph, IN$4M20th of 661.3%-0.5 pts
Boone, IN$4M10th of 582.6%+12.4 pts
Whitley, IN$3M3rd of 267.8%quiet FY2021
Orange, FL$2M107th of 2010.1%quiet FY2020
Hendricks, IN$893K46th of 830.3%thin
Porter, IN$813K29th of 610.4%quiet FY2013
24 smaller markets not shown.
What it lends to: the five largest industries on the bookshare of book is concentration; share of sector and rank are position, among every 7(a) lender nationally
IndustryLoansApprovedShare of bookShare of sectorRank
Manufacturing47$17M17.8%0.04%328th of 2,246
Retail trade51$13M13.3%0.02%423rd of 2,589
Professional & technical services36$11M11.9%0.04%267th of 1,955
Accommodation & food services48$9M9.2%0.01%612th of 2,596
Construction54$7M7.8%0.02%437th of 2,063
7(a) lenders into Indiana, share of approvals since FY2008351 lenders on record; the ten largest and Lake City Bank
TH The Huntington National Bank 11.3% $911M · 4,690 loans KN KeyBank National Association 4.3% $349M · 745 loans BB Byline Bank 4.2% $338M · 296 loans LO Live Oak Banking Company 4.1% $334M · 259 loans ON Old National Bank 3.4% $275M · 416 loans sS 1st Source Bank 3.3% $271M · 1,827 loans FM First Merchants Bank 2.9% $236M · 743 loans G Gbank 2.5% $202M · 68 loans WF Wells Fargo Bank National Associa… 2.3% $188M · 395 loans FF First Financial Bank 2.2% $181M · 610 loans LC Lake City Bank 1.1% $88M · 360 loans

Commercial real estate against capital

Commercial real estate concentrationthe 2006 interagency screens against total risk-based capital; owner-occupied excluded; bold marks a screen met
Lake City BankRankCohort median
Total CRE against capital, the 300% screen209%4th of 10223%
Construction against capital, the 100% screen48%5th of 1049%
Construction and land development, share of loans8.1%5th of 108.3%
Non-owner-occupied nonfarm nonresidential, share of loans16.8%6th of 1016.7%
Total CRE, the guidance definition, share of loans35.2%6th of 1034.7%
CRE growth over 36 months, the third prong+24.0%3rd of 10+37.8%

Among its peers

Where it sits among its peersnavy: the stronger half of each column; amber: the weaker; darker at the ends
InstitutionAssetsROAEfficiencyNPA / loansNet charge-offsAllowance / loansLoans / depositsEquity / assets
1st Source Bank$9.26B2.0%46.5%0.99%0.12%2.3%97.2%13.6%
German American Bank$8.43B1.7%50.9%0.45%0.06%1.3%84.1%13.7%
Lake City Bank$7.24B1.6%45.8%0.36%0.08%1.3%88.0%10.4%
Horizon Bank$6.55B1.8%53.5%0.70%0.05%1.0%90.6%12.3%
United Fidelity Bank FSB$6.49B-0.1%128.2%0.49%0.01%2.4%61.1%10.0%
First Financial Bank N.A.$6.17B1.4%58.7%0.61%0.19%1.1%92.1%10.7%
First Internet Bank of Indiana$5.53B0.3%56.1%1.56%1.70%1.4%79.7%7.9%
First Farmers Bank & Trust Co.$3.50B1.6%46.9%1.00%-0.01%1.6%85.2%9.8%
Star Financial Bank$3.23B1.0%67.7%0.46%0.02%1.1%64.9%9.2%
National Bank of Inpolis$3.04B1.4%56.9%0.15%0.03%1.2%80.4%7.8%
Five years, 2021 to 2026same quarter, five years apart; dollars as growth, ratios in points
Lake City BankCohort median
20212026Change20212026Change
Loans$4.36B$5.58B+28%$2.72B$4.16B+53%
Deposits$5.40B$6.34B+18%$3.57B$5.16B+45%
NPA / loans0.25%0.36%+0.11 pts0.58%0.55%-0.03 pts
Efficiency44.8%45.8%+1.1 pts55.8%54.8%-1.0 pts
ROA1.63%1.61%-0.02 pts1.31%1.50%+0.18 pts

This read was prepared for Lake City Bank's board and management from the public record, and is one slice of what Lynx builds for any bank from its own filing: the peer cohort, the capital, liquidity and rate models with the assumptions the institution sets, and a summary report of twenty sections for the board.

The full pack on Lake City Bank is prepared on request, and thirty days on the institution's own numbers are open to anyone at the bank.

Ask for the pack

Prepared 7 September 2026
Filing 30 June 2026
Cohort IN banks $3B to $10B
Institution www.lakecitybank.com

Public record only: FFIEC Call Report, 30 June 2026; FDIC data; cohort by state and asset band; SBA 7(a) FOIA release as of the 2026 file, loans credited to the institution holding them today. Computed from the institution's own Call Report and its peers' as published; no estimate, no adjustment; not a rating, not an audited statement and not a supervisory judgement.
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