Lakeland Bank is headquartered in Newfoundland and is the 7th largest bank in the state of New Jersey. It is also the 183rd largest bank in the nation. It was established in 1969 and as of December of 2021, it had grown to 736 employees at 49 locations. Lakeland Bank has an A+ health rating.
I deal with at least 3 to 4 banks daily, and just like Lakeland because of the feeling of what banking use to be like a live voice to speak to and a great personal touch.
Every single time i need to speak to a representative it is at least a 20 minute wait, and they lock my card for every little thing at least once a week. Even when they call me to confirm there is no fraud, my card stays locked and I have to call them back and wait 20 minutes to get through to them to get it unlocked. When they finally answer they tell me to wait another 10 minutes to use my card, and 20 minutes my card is still locked this is incredible. Been banking with them for about 5 years and it keeps getting worse.
Overall | |
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FDIC Certificate # | 19953 |
Year Established | 1969 |
Employees | 736 |
Primary Regulator | FDIC |
Profit Margin | |
---|---|
Return on Assets - YTD | 1.27% |
Return on Equity - YTD | 11.3% |
Annual Interest Income | $257.3MM |
Assets and Liabilities | ||
---|---|---|
Assets | Q4 2021vs Q4 2020 | $8.20B$7.66B |
Loans | Q4 2021vs Q4 2020 | $5.92B$5.95B |
Deposits | Q4 2021vs Q4 2020 | $7.01B$6.48B |
Equity Capital | Q4 2021vs Q4 2020 | $953.3MM$842.5MM |
Loan Loss Allowance | Q4 2021vs Q4 2020 | $58.0MM$71.1MM |
Unbacked Noncurrent Loans | Q4 2021vs Q4 2020 | $17.0MM$42.8MM |
Real Estate Owned | Q4 2021vs Q4 2020 | $0$0 |
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.
The rates for some products vary by region. In these cases we have listed the rates for the region closest to the bank's headquarters.
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
---|---|---|---|---|
0.05% | $1 | - | Statement Savings Account | |
0.05% | $1 | - | Young Savers | |
0.05% | $1 | - | Business Statement Savings |
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
---|---|---|---|---|
0.03% | $1 | - | Platinum Checking | |
0.02% | $1 | - | Personal Checking with Interest | |
0.02% | $1 | - | Business Checking With Interest |