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Derivatives
 3 Months Ended
Mar. 31, 2023
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Derivatives Derivatives
Lakeland is a party to interest rate derivatives that are not designated as hedging instruments. Lakeland executes interest rate swaps with commercial lending customers to facilitate their respective risk management strategies. These interest rate swaps with customers are simultaneously offset by interest rate swaps that Lakeland executes with a third-party financial institution, such that Lakeland minimizes its net risk exposure resulting from such transactions. Because the interest rate swaps do not meet the strict hedge accounting requirements, changes in the fair value of both the customer swaps and the offsetting swaps are recognized directly in earnings. The changes in the fair value of the swaps offset each other, except for the credit risk of the counterparties, which is determined by taking into consideration the risk rating, probability of default and loss given default for all counterparties. Lakeland had no investment securities available for sale pledged for collateral on its interest rate swaps with financial institutions at March 31, 2023 and December 31, 2022.
The following table presents summary information regarding these derivatives for the periods presented (dollars in thousands):
March 31, 2023Notional AmountAverage
Maturity (Years)		Weighted Average
Fixed Rate		Weighted Average
Variable Rate		Fair
 Value
Classified in Other Assets:
Third Party interest rate swaps$887,187 7.33.66 %
1 Mo. SOFR + 2.00
$77,078 
Third Party interest rate swaps48,237 1.23.40 %
1 Mo. LIBOR + 2.52
1,335 
Customer interest rate swaps78,914 8.15.41 %
1 Mo. SOFR + 1.88
2,312 
Classified in Other Liabilities:
Customer interest rate swaps$887,187 7.33.66 %
1 Mo. SOFR + 2.00
$(77,078)
Customer interest rate swaps48,237 1.23.40 %
1 Mo. LIBOR + 2.52
(1,335)
Third Party interest rate swaps78,914 8.15.41 %
1 Mo. SOFR + 1.88
(2,312)
December 31, 2022Notional
 Amount		Average
Maturity  (Years)		Weighted 
Average
Fixed Rate		Weighted Average
Variable Rate		Fair
 Value
Classified in Other Assets:
Third Party interest rate swaps$918,758 7.53.70 %
1 Mo. SOFR + 2.00
$94,800 
Third Party interest rate swaps48,497 1.53.40 %
1 Mo. LIBOR + 2.52
1,841 
Customer interest rate swaps51,864 8.55.60 %
1 Mo. SOFR + 1.95
1,207 
Classified in Other Liabilities:
Customer interest rate swaps $918,758 7.53.70 %
1 Mo. SOFR + 2.00
(94,800)
Customer interest rate swaps48,497 1.53.40 %
1 Mo. LIBOR + 2.52
(1,841)
Third party interest rate swaps51,864 8.55.60 %
1 Mo. SOFR + 1.95
(1,207)