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Regulatory Matters (Tables)
12 Months Ended
Dec. 31, 2020
Regulatory Assets and Liabilities Disclosure [Abstract]  
Summary of Capital Ratios
As of December 31, 2020 and 2019, the Company and Lakeland have the following capital ratios based on the then current regulations:
(dollars in thousands)ActualFor Capital
Adequacy Purposes with Capital Conservation Buffer
To Be Well Capitalized
Under Prompt Corrective
Action Provisions
December 31, 2020AmountRatioAmountRatioAmountRatio
Total capital (to risk-weighted assets)
Company$783,107 12.84 %
> 
$640,632 
> 10.50%
 N/AN/A
Lakeland745,276 12.22 % 640,416 10.50 %
> 
$609,920 
> 10.00%
Tier 1 capital (to risk-weighted assets)
Company$623,644 10.22 %
>
$518,607 
> 8.50%
 N/AN/A
Lakeland672,832 11.03 % 518,432 8.50 %
>
$487,936 
> 8.00%
Common equity Tier 1 capital (to risk-weighted assets)
Company$593,644 9.73 %
>
$427,088 
> 7.00%
 N/AN/A
Lakeland672,832 11.03 % 426,944 7.00 %
>
$396,448 
> 6.50%
Tier 1 capital (to average assets)
Company$623,644 8.37 %
>
$298,096 
> 4.00%
 N/AN/A
Lakeland672,832 9.04 % 297,748 4.00 %
>
$372,185 
> 5.00%

(dollars in thousands)ActualFor Capital
Adequacy Purposes with Capital Conservation Buffer
To Be Well Capitalized Under
Prompt Corrective Action
Provisions
December 31, 2019AmountRatioAmountRatioAmountRatio
Total capital (to risk-weighted assets)
Company$721,741 13.40 %
> 
$565,504 
> 10.50%
 N/AN/A
Lakeland681,689 12.67 % 564,981 10.50 %
> 
$538,077 
> 10.00%
Tier 1 capital (to risk-weighted assets)
Company$593,539 11.02 %
>
$457,789 
> 8.50%
 N/AN/A
Lakeland639,908 11.89 % 457,365 8.50 %
>
$430,462 
> 8.00%
Common equity Tier 1 capital (to risk-weighted assets)
Company$563,539 10.46 %
>
$377,003 
> 7.00%
 N/AN/A
Lakeland639,908 11.89 % 376,654 7.00 %
>
$349,750 
> 6.50%
Tier 1 capital (to average assets)
Company$593,539 9.41 %
>
$252,234 
> 4.00%
 N/AN/A
Lakeland639,908 10.16 % 252,039 4.00 %
>
$315,048 
> 5.00%