Lakeland Bank is headquartered in NEWFOUNDLAND and is the 4th largest bank in the state of New Jersey. It is also the 150th largest bank in the nation. It was established in 1969 and as of June of 2023, it had grown to 885 employees at 70 locations. Lakeland Bank's money market rates are 3X the national average, and it has an A health rating.
Banking With A Personal Touch
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.
Horrible Horrible
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.
Data as of Q2 2023
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 19953 |
| Year Established | 1969 |
| Employees | 885 |
| Primary Regulator | FDIC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.84% |
| Return on Equity - YTD | 7.29% |
| Annual Interest Income | $235.2MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2023vs Q2 2022 | $10.89B$10.37B |
| Loans | Q2 2023vs Q2 2022 | $8.03B$7.34B |
| Deposits | Q2 2023vs Q2 2022 | $8.49B$8.54B |
| Equity Capital | Q2 2023vs Q2 2022 | $1.26B$1.23B |
| Loan Loss Allowance | Q2 2023vs Q2 2022 | $74.0MM$68.8MM |
| Unbacked Noncurrent Loans | Q2 2023vs Q2 2022 | $16.1MM$22.2MM |
| Real Estate Owned | Q2 2023vs Q2 2022 | $0$0 |
