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Regulatory Matters (Tables)
12 Months Ended
Dec. 31, 2023
Regulatory Assets and Liabilities Disclosure [Abstract]  
Summary of Capital Ratios
As of December 31, 2023 and 2022, 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, 2023AmountRatioAmountRatioAmountRatio
Total capital (to risk-weighted assets)
Company$1,226,628 14.11 %
> 
$912,780 
> 
10.50 % N/AN/A
Lakeland1,166,090 13.43 % 911,908 10.50 %
> 
$868,484 
> 
10.00 %
Tier 1 capital (to risk-weighted assets)
Company$1,000,886 11.51 %
>
$738,917 
>
8.50 % N/AN/A
Lakeland1,088,605 12.53 % 738,211 8.50 %
>
$694,787 
>
8.00 %
Common equity Tier 1 capital (to risk-weighted assets)
Company$956,233 11.00 %
>
$608,520 
>
7.00 % N/AN/A
Lakeland1,088,605 12.53 % 607,939 7.00 %
>
$564,514 
>
6.50 %
Tier 1 capital (to average assets)
Company$1,000,886 9.27 %
>
$432,091 
>
4.00 % N/AN/A
Lakeland1,088,605 10.09 % 431,765 4.00 %
>
$539,707 
>
5.00 %
(dollars in thousands)ActualFor Capital
Adequacy Purposes with Capital Conservation Buffer
To Be Well Capitalized Under
Prompt Corrective Action
Provisions
December 31, 2022AmountRatioAmountRatioAmountRatio
Total capital (to risk-weighted assets)
Company$1,167,429 13.83 %
> 
$886,420 
> 
10.50 % N/AN/A
Lakeland1,109,089 13.15 % 885,667 10.50 %
> 
$843,492 
> 
10.00 %
Tier 1 capital (to risk-weighted assets)
Company$948,970 11.24 %
>
$717,578 
>
8.50 % N/AN/A
Lakeland1,038,661 12.31 % 716,968 8.50 %
>
$674,794 
>
8.00 %
Common equity Tier 1 capital (to risk-weighted assets)
Company$904,532 10.71 %
>
$590,946 
>
7.00 % N/AN/A
Lakeland1,038,661 12.31 % 590,444 7.00 %
>
$548,270 
>
6.50 %
Tier 1 capital (to average assets)
Company$948,970 9.16 %
>
$414,485 
>
4.00 % N/AN/A
Lakeland1,038,661 10.03 % 414,212 4.00 %
>
$517,765 
>
5.00 %