Loans | = 90 days Past due but still accruing Amortized Cost Basis of Non-accrual Loans without Related Allowance Non-owner occupied commercial $ 3,009 $ — $ — $ 2,624 Owner occupied commercial 2,810 — — 2,398 Non-owner occupied residential 2,852 — — 2,567 Commercial, industrial and other 6,763 — — 1,122 Equipment finance 43 — — — Residential mortgage 817 — — 694 Consumer 687 — 1 — Total $ 16,981 $ — $ 1 $ 9,405 December 31, 2020 (in thousands) Non-accrual Interest Income Recognized on Non-accrual Loans Amortized Cost Basis of Loans >= 90 days Past due but still accruing Amortized Cost Basis of Non-accrual Loans without Related Allowance Non-owner occupied commercial $ 16,537 $ — $ — $ 14,719 Owner occupied commercial 14,271 — — 12,371 Multifamily 626 — — — Non-owner occupied residential 2,217 — — 1,580 Commercial, industrial and other 2,633 — — 1,418 Construction 1,440 — — 1,234 Equipment finance 327 — — — Residential mortgage 2,469 — — 1,015 Consumer 2,243 — 1 — Total $ 42,763 $ — $ 1 $ 32,337 At December 31, 2021 and December 31, 2020, there was one loan with a recorded investment of $1,000 that was past due more than 89 days and still accruing. The Company had $930,000 and $1.7 million in residential mortgages and consumer home equity loans included in total non-accrual loans that were in the process of foreclosure at December 31, 2021 and December 31, 2020, respectively. Impaired Loans The following table presents, under previously applicable GAAP, loans individually evaluated for impairment by the portfolio segments existing at December 31, 2019. Recorded Contractual Related Interest Average (in thousands) Loans without related allowance: Commercial, secured by real estate $ 12,478 $ 12,630 $ — $ 164 $ 10,386 Commercial, industrial and other 1,391 1,381 — 16 1,334 Construction 1,663 1,661 — 2 82 Equipment finance — — — — — Residential mortgage 803 815 — — 233 Consumer — — — — — Loans with related allowance: Commercial, secured by real estate 3,470 3,706 228 190 4,554 Commercial, industrial and other 113 113 5 6 113 Construction — — — — — Equipment finance 23 23 10 — 21 Residential mortgage 1,512 1,682 104 19 926 Consumer 671 765 5 29 693 Total: Commercial, secured by real estate $ 15,948 $ 16,336 $ 228 $ 354 $ 14,940 Commercial, industrial and other 1,504 1,494 5 22 1,447 Construction 1,663 1,661 — 2 82 Equipment finance 23 23 10 — 21 Residential mortgage 2,315 2,497 104 19 1,159 Consumer 671 765 5 29 693 $ 22,124 $ 22,776 $ 352 $ 426 $ 18,342 Troubled Debt Restructurings Loans are classified as troubled debt restructured loans ("TDR") in cases where borrowers experience financial difficulties and Lakeland makes certain concessionary modifications to contractual terms. Restructured loans typically involve a modification of terms such as a reduction of the stated interest rate, a moratorium of principal payments and/or an extension of the maturity date at a stated interest rate lower than the current market rate of a new loan with similar risk. The CARES Act provided relief from TDR classification for certain loan modifications related to the COVID-19 pandemic beginning March 1, 2020 through the earlier of 60 days after the end of the pandemic or December 31, 2020. Additionally, banking regulatory agencies issued interagency guidance that COVID-19 related short-term modifications (i.e., six months or less) granted to borrowers that were current as of the loan modification program implementation date do not need to be considered TDRs. The Consolidated Appropriations Act, 2021 (the "CAA"), which was signed into law on December 27, 2020, extended this guidance to modifications made until the earlier of January 1, 2022 or 60 days after the end of the COVID-19 national emergency. The Company elected this provision of the CARES Act and excluded modified loans that met the required guidelines for relief from its TDR classification. At December 31, 2021, no loans were on COVID-related deferrals as the remaining 90-day loan deferments expired and borrowers began paying their pre-deferral loan payments in the first quarter of 2021. For most commercial loans, borrowers are paying their pre-deferral loan payments plus an additional monthly amount to catch up on the payments that were deferred. None of these modifications were considered TDRs. At December 31, 2021 and 2020, TDRs totaled $3.5 million and $5.0 million, respectively. Accruing TDRs totaled $3.3 million and non-accrual TDRs totaled $127,000 at December 31, 2021. Accruing TDRs and non-accrual TDRs totaled $3.9 million and $1.1 million, respectively, at December 31, 2020. There was one consumer loan totaling $115,000 that was restructured during 2021 that met the definition of a TDR, while no loans were restructured during 2020 that met the definition of a TDR. There were no restructured loans that subsequently defaulted in 2021; however, two consumer loans totaling $83,000 that were TDRs within the previous twelve months had subsequently defaulted in 2020. Related Party Loans Lakeland has entered into lending transactions in the ordinary course of business with directors, executive officers, principal stockholders and affiliates of such persons on similar terms, including interest rates and collateral, as those prevailing for comparable transactions with other borrowers not related to Lakeland. At December 31, 2021 and 2020, loans to these related parties amounted to $64.0 million and $75.7 million, respectively. There were new loans of $5.0 million to related parties and repayments of $16.7 million from related parties in 2021. Mortgages Held for Sale Residential mortgages originated by the bank and held for sale in the secondary market are carried at the lower of cost or fair market value. Fair value is generally determined by the value of purchase commitments on individual loans. Losses are recorded as a valuation allowance and charged to earnings. As of December 31, 2021, Lakeland had $1.9 million in mortgages held for sale compared to $1.3 million as of December 31, 2020. Equipment Finance Receivables Future minimum payments of equipment finance receivables at December 31, 2021 are expected as follows: (in thousands) 2022 $ 40,997 2023 34,476 2024 25,736 2025 15,388 2026 5,885 Thereafter 730 $ 123,212 Other Real Estate and Other Repossessed Assets At December 31, 2021 and December 31, 2020, Lakeland had no other real estate owned and held no other repossessed assets. For the year ended December 31, 2021, Lakeland had no writedowns of other real estate owned and for the years ended December 31, 2020 and 2019 had writedowns of $39,000 and $153,000, respectively, recorded in other expense in the Consolidated Statement of Income." id="sjs-B4">Loans The following table summarizes the composition of the Company’s loan portfolio. (in thousands) December 31, 2021 December 31, 2020 Non-owner occupied commercial $ 2,316,284 $ 2,398,946 Owner occupied commercial 908,449 827,092 Multifamily 972,233 813,225 Non-owner occupied residential 177,097 200,229 Commercial, industrial and other 462,406 718,189 Construction 302,228 266,883 Equipment finance 123,212 116,690 Residential mortgage 438,710 377,380 Consumer 275,529 302,598 Total $ 5,976,148 $ 6,021,232 Loans are recognized at amortized cost, which includes principal balance and net deferred loan fees and costs. The Company elected to exclude accrued interest receivable from amortized cost. Accrued interest receivable is reported separately in the Consolidated Balance Sheets and totaled $13.9 million at December 31, 2021 and $16.1 million at December 31, 2020. Loan origination fees and certain direct loan origination costs are deferred and the net fee or cost is recognized in interest income as an adjustment of yield. Net deferred loan fees are included in loans by respective segment and total $5.8 million and $10.0 million at December 31, 2021 and December 31, 2020, respectively. At December 31, 2021 and December 31, 2020, Small Business Association ("SBA") Paycheck Protection Program ("PPP") loans totaled $56.6 million and $284.6 million, respectively, and are included in the balance of commercial, industrial and other loans. Consumer loans included overdraft deposit balances of $184,000 and $650,000 at December 31, 2021 and December 31, 2020, respectively. Loans pledged for potential borrowings at the Federal Home Loan Bank of New York ("FHLB") totaled $2.30 billion and $2.28 billion at December 31, 2021 and December 31, 2020, respectively. Credit Quality Indicators Management closely and continually monitors the quality of its loans and assesses the quantitative and qualitative risks arising from the credit quality of its loans. Lakeland assigns a credit risk rating to all loans and loan commitments. The credit risk rating system has been developed by management to provide a methodology to be used by loan officers, department heads and senior management in identifying various levels of credit risk that exist within the loan portfolios. The risk rating system assists senior management in evaluating the loan portfolio and analyzing trends. In assigning risk ratings, management considers, among other things, the borrower’s ability to service the debt based on relevant information such as current financial information, historical payment experience, credit documentation, public information and current economic conditions. Management categorizes loans and commitments into the following risk ratings: Pass: "Pass" assets are well protected by the current net worth and paying capacity of the obligor or guarantors, if any, or by the fair value of any underlying collateral. Watch: "Watch" assets require more than the usual amount of monitoring due to declining earnings, strained cash flow, increasing leverage and/or weakening market. These borrowers generally have limited additional debt capacity and modest coverage and average or below average asset quality, margins and market share. Special Mention: "Special mention" assets exhibit identifiable credit weakness, which if not checked or corrected could weaken the loan quality or inadequately protect the bank’s credit position at some future date. Substandard: "Substandard" assets are inadequately protected by the current sound worth and paying capacity of the obligors or of the collateral pledged, if any. A substandard loan has a well-defined weakness or weaknesses that may jeopardize the liquidation of the debt. Doubtful: "Doubtful" assets that exhibit all of the weaknesses inherent in substandard loans, but have the added characteristics that the weaknesses make collection or liquidation in full improbable on the basis of existing facts. Loss: “Loss” is a rating for loans or portions of loans that are considered uncollectible and of such little value that their continuance as bankable loans is not warranted. The following table presents the risk category of loans by class of loan and vintage as of December 31, 2021. Term Loans by Origination Year (in thousands) 2021 2020 2019 2018 2017 Pre-2017 Revolving Loans Revolving to Term Total Non-owner occupied commercial Pass $ 363,459 $ 516,131 $ 295,944 $ 189,592 $ 195,733 $ 562,338 $ 18,795 $ — $ 2,141,992 Watch — — 25,292 14,660 4,641 47,011 130 — 91,734 Special mention — 458 — 5,749 14,639 6,602 — — 27,448 Substandard 119 431 332 2,656 8,000 43,572 — — 55,110 Total 363,578 517,020 321,568 212,657 223,013 659,523 18,925 — 2,316,284 Owner occupied commercial Pass 209,515 133,292 83,395 54,019 48,850 252,001 8,343 108 789,523 Watch — 5,757 2,134 900 280 24,873 — — 33,944 Special mention — 9,694 21,837 12,632 95 17,851 — — 62,109 Substandard 5 — — 2,597 1,299 18,972 — — 22,873 Total 209,520 148,743 107,366 70,148 50,524 313,697 8,343 108 908,449 Multifamily Pass 225,060 255,016 72,438 71,366 73,122 207,509 18,161 1,281 923,953 Watch — 966 — 13,709 854 6,497 — — 22,026 Special mention — 2,470 — — 8,944 2,948 — — 14,362 Substandard — — 5,485 1,321 — 4,987 99 — 11,892 Total 225,060 258,452 77,923 86,396 82,920 221,941 18,260 1,281 972,233 Non-owner occupied residential Pass 28,476 18,527 16,928 15,695 18,048 51,194 7,288 — 156,156 Watch — — — — 651 5,057 — — 5,708 Special mention — — 523 837 1,205 284 515 — 3,364 Substandard — 3,062 510 4,797 988 2,512 — — 11,869 Total 28,476 21,589 17,961 21,329 20,892 59,047 7,803 — 177,097 Commercial, industrial and other Pass 100,921 23,940 65,225 11,636 3,808 37,479 191,293 872 435,174 Watch 939 461 446 — 1,378 173 5,056 — 8,453 Special mention — — — — 1,896 443 1,365 — 3,704 Substandard 101 7,352 — 1,276 496 422 5,428 — 15,075 Total 101,961 31,753 65,671 12,912 7,578 38,517 203,142 872 462,406 Construction Pass 108,585 84,993 40,847 30,125 23,578 3,654 — — 291,782 Special mention — — — — 10,446 — — — 10,446 Total 108,585 84,993 40,847 30,125 34,024 3,654 — — 302,228 Equipment finance Pass 50,482 30,486 27,626 10,238 3,128 803 — — 122,763 Substandard — — 216 177 56 — — — 449 Total 50,482 30,486 27,842 10,415 3,184 803 — — 123,212 Residential mortgage Pass 171,442 112,680 27,228 20,784 9,103 96,510 — — 437,747 Substandard 12 — — 123 694 134 — — 963 Total 171,454 112,680 27,228 20,907 9,797 96,644 — — 438,710 Consumer Pass 35,283 10,476 5,358 4,561 3,260 24,888 190,481 34 274,341 Substandard 32 — — — — 630 526 — 1,188 Total 35,315 10,476 5,358 4,561 3,260 25,518 191,007 34 275,529 Total loans $ 1,294,431 $ 1,216,192 $ 691,764 $ 469,450 $ 435,192 $ 1,419,344 $ 447,480 $ 2,295 $ 5,976,148 The following table presents the risk category of loans by class of loan and vintage as of December 31, 2020. Term Loans by Origination Year (in thousands) 2020 2019 2018 2017 2016 Pre-2016 Revolving Loans Revolving to Term Total Non-owner occupied commercial Pass $ 570,665 $ 376,681 $ 217,931 $ 251,751 $ 187,605 $ 509,573 $ 50,071 2,246 $ 2,166,523 Watch 770 638 8,498 5,936 19,579 47,680 315 — 83,416 Special mention 3,400 3,131 8,377 9,115 19,936 7,894 2,895 — 54,748 Substandard — — 2,809 15,903 14,844 60,703 — — 94,259 Total 574,835 380,450 237,615 282,705 241,964 625,850 53,281 2,246 2,398,946 Owner occupied commercial Pass 116,512 76,224 80,244 81,215 62,118 245,330 11,072 179 672,894 Watch 11,347 22,932 411 3,651 8,038 23,612 673 — 70,664 Special mention — 2,218 929 113 4,317 38,638 — — 46,215 Substandard 434 16 3,038 641 5,770 27,376 44 — 37,319 Total 128,293 101,390 84,622 85,620 80,243 334,956 11,789 179 827,092 Multifamily Pass 251,708 59,694 85,748 93,368 117,155 145,786 21,713 — 775,172 Watch — — 600 — — 8,472 — — 9,072 Special mention 9,781 — — 2,399 — 1,124 — — 13,304 Substandard — 5,481 — — 9,512 684 — — 15,677 Total 261,489 65,175 86,348 95,767 126,667 156,066 21,713 — 813,225 Non-owner occupied residential Pass 23,506 24,378 27,752 24,344 21,488 53,200 8,180 171 183,019 Watch — 300 — 1,174 — 5,757 — — 7,231 Special mention — 496 1,199 392 293 656 655 — 3,691 Substandard 876 512 1,200 1,295 692 1,713 — — 6,288 Total 24,382 25,686 30,151 27,205 22,473 61,326 8,835 171 200,229 Commercial, industrial and other Pass 299,091 84,917 16,245 7,216 18,358 41,900 208,519 531 676,777 Watch 287 3,701 156 1,643 301 369 2,324 — 8,781 Special mention — — 884 764 2,275 — 4,727 — 8,650 Substandard 7,177 50 3,559 1,547 1,497 729 9,422 — 23,981 Total 306,555 88,668 20,844 11,170 22,431 42,998 224,992 531 718,189 Construction Pass 56,734 77,117 69,627 29,303 7,681 328 2,190 — 242,980 Watch — — 2,183 11,959 — — — — 14,142 Special mention — — — 8,321 — — — — 8,321 Substandard — — — 206 719 515 — — 1,440 Total 56,734 77,117 71,810 49,789 8,400 843 2,190 — 266,883 Equipment finance Pass 41,528 41,717 20,697 8,834 3,162 426 — — 116,364 Substandard — 98 88 74 64 2 — — 326 Total 41,528 41,815 20,785 8,908 3,226 428 — — 116,690 Residential mortgage Pass 127,336 43,910 34,252 17,548 12,108 139,616 — — 374,770 Substandard — 52 233 1,015 — 1,310 — — 2,610 Total 127,336 43,962 34,485 18,563 12,108 140,926 — — 377,380 Consumer Pass 15,999 9,844 7,490 5,333 4,632 31,861 224,549 166 299,874 Substandard 33 57 31 2 — 2,208 263 130 2,724 Total 16,032 9,901 7,521 5,335 4,632 34,069 224,812 296 302,598 Total loans $ 1,537,184 $ 834,164 $ 594,181 $ 585,062 $ 522,144 $ 1,397,462 $ 547,612 $ 3,423 $ 6,021,232 Past Due and Non-accrual Loans Loans are considered past due if required principal and interest payments have not been received as of the date such payments were contractually due. A loan is generally considered non-performing when it is placed on non-accrual status. A loan is generally placed on non-accrual status when it becomes 90 days past due if such loan has been identified as presenting uncertainty with respect to the collectability of interest and principal. A loan past due 90 days or more may remain on accruing status if such loan is both well secured and in the process of collection. In the absence of other intervening factors, loans granted payment deferrals related to COVID-19 are not reported as past due or placed on non-accrual status provided the borrowers have met the criteria in the CARES Act or otherwise have met the criteria included in an interagency statement issued by bank regulatory agencies. The following tables present the payment status of the recorded investment in past due loans as of the periods noted, by class of loans. December 31, 2021 Past Due (in thousands) Current 30 - 59 Days 60 - 89 Days Greater than 89 days Total Total Loans Non-owner occupied commercial $ 2,312,557 $ — $ 718 $ 3,009 $ 3,727 $ 2,316,284 Owner occupied commercial 905,751 20 — 2,678 2,698 908,449 Multifamily 972,233 — — — — 972,233 Non-owner occupied residential 174,245 — 136 2,716 2,852 177,097 Commercial, industrial and other 461,659 154 — 593 747 462,406 Construction 302,228 — — — — 302,228 Equipment finance 122,923 211 41 37 289 123,212 Residential mortgage 437,574 255 64 817 1,136 438,710 Consumer 274,426 705 135 263 1,103 275,529 Total $ 5,963,596 $ 1,345 $ 1,094 $ 10,113 $ 12,552 $ 5,976,148 December 31, 2020 Past Due (in thousands) Current 30-59 Days 60-89 Days Greater than 89 days Total Total Loans Non-owner occupied commercial $ 2,384,233 $ 1,256 $ 306 $ 13,151 $ 14,713 $ 2,398,946 Owner occupied commercial 811,408 2,759 350 12,575 15,684 827,092 Multifamily 812,597 208 — 420 628 813,225 Non-owner occupied residential 197,802 482 294 1,651 2,427 200,229 Commercial, industrial and other 716,337 125 — 1,727 1,852 718,189 Construction 265,649 — — 1,234 1,234 266,883 Equipment finance 115,124 1,338 98 130 1,566 116,690 Residential mortgage 374,370 1,046 156 1,808 3,010 377,380 Consumer 300,127 1,041 73 1,357 2,471 302,598 Total $ 5,977,647 $ 8,255 $ 1,277 $ 34,053 $ 43,585 $ 6,021,232 The following tables present information on non-accrual loans at December 31, 2021 and December 31, 2020. December 31, 2021 (in thousands) Non-accrual Interest Income Recognized on Non-accrual Loans Amortized Cost Basis of Loans >= 90 days Past due but still accruing Amortized Cost Basis of Non-accrual Loans without Related Allowance Non-owner occupied commercial $ 3,009 $ — $ — $ 2,624 Owner occupied commercial 2,810 — — 2,398 Non-owner occupied residential 2,852 — — 2,567 Commercial, industrial and other 6,763 — — 1,122 Equipment finance 43 — — — Residential mortgage 817 — — 694 Consumer 687 — 1 — Total $ 16,981 $ — $ 1 $ 9,405 December 31, 2020 (in thousands) Non-accrual Interest Income Recognized on Non-accrual Loans Amortized Cost Basis of Loans >= 90 days Past due but still accruing Amortized Cost Basis of Non-accrual Loans without Related Allowance Non-owner occupied commercial $ 16,537 $ — $ — $ 14,719 Owner occupied commercial 14,271 — — 12,371 Multifamily 626 — — — Non-owner occupied residential 2,217 — — 1,580 Commercial, industrial and other 2,633 — — 1,418 Construction 1,440 — — 1,234 Equipment finance 327 — — — Residential mortgage 2,469 — — 1,015 Consumer 2,243 — 1 — Total $ 42,763 $ — $ 1 $ 32,337 At December 31, 2021 and December 31, 2020, there was one loan with a recorded investment of $1,000 that was past due more than 89 days and still accruing. The Company had $930,000 and $1.7 million in residential mortgages and consumer home equity loans included in total non-accrual loans that were in the process of foreclosure at December 31, 2021 and December 31, 2020, respectively. Impaired Loans The following table presents, under previously applicable GAAP, loans individually evaluated for impairment by the portfolio segments existing at December 31, 2019. Recorded Contractual Related Interest Average (in thousands) Loans without related allowance: Commercial, secured by real estate $ 12,478 $ 12,630 $ — $ 164 $ 10,386 Commercial, industrial and other 1,391 1,381 — 16 1,334 Construction 1,663 1,661 — 2 82 Equipment finance — — — — — Residential mortgage 803 815 — — 233 Consumer — — — — — Loans with related allowance: Commercial, secured by real estate 3,470 3,706 228 190 4,554 Commercial, industrial and other 113 113 5 6 113 Construction — — — — — Equipment finance 23 23 10 — 21 Residential mortgage 1,512 1,682 104 19 926 Consumer 671 765 5 29 693 Total: Commercial, secured by real estate $ 15,948 $ 16,336 $ 228 $ 354 $ 14,940 Commercial, industrial and other 1,504 1,494 5 22 1,447 Construction 1,663 1,661 — 2 82 Equipment finance 23 23 10 — 21 Residential mortgage 2,315 2,497 104 19 1,159 Consumer 671 765 5 29 693 $ 22,124 $ 22,776 $ 352 $ 426 $ 18,342 Troubled Debt Restructurings Loans are classified as troubled debt restructured loans ("TDR") in cases where borrowers experience financial difficulties and Lakeland makes certain concessionary modifications to contractual terms. Restructured loans typically involve a modification of terms such as a reduction of the stated interest rate, a moratorium of principal payments and/or an extension of the maturity date at a stated interest rate lower than the current market rate of a new loan with similar risk. The CARES Act provided relief from TDR classification for certain loan modifications related to the COVID-19 pandemic beginning March 1, 2020 through the earlier of 60 days after the end of the pandemic or December 31, 2020. Additionally, banking regulatory agencies issued interagency guidance that COVID-19 related short-term modifications (i.e., six months or less) granted to borrowers that were current as of the loan modification program implementation date do not need to be considered TDRs. The Consolidated Appropriations Act, 2021 (the "CAA"), which was signed into law on December 27, 2020, extended this guidance to modifications made until the earlier of January 1, 2022 or 60 days after the end of the COVID-19 national emergency. The Company elected this provision of the CARES Act and excluded modified loans that met the required guidelines for relief from its TDR classification. At December 31, 2021, no loans were on COVID-related deferrals as the remaining 90-day loan deferments expired and borrowers began paying their pre-deferral loan payments in the first quarter of 2021. For most commercial loans, borrowers are paying their pre-deferral loan payments plus an additional monthly amount to catch up on the payments that were deferred. None of these modifications were considered TDRs. At December 31, 2021 and 2020, TDRs totaled $3.5 million and $5.0 million, respectively. Accruing TDRs totaled $3.3 million and non-accrual TDRs totaled $127,000 at December 31, 2021. Accruing TDRs and non-accrual TDRs totaled $3.9 million and $1.1 million, respectively, at December 31, 2020. There was one consumer loan totaling $115,000 that was restructured during 2021 that met the definition of a TDR, while no loans were restructured during 2020 that met the definition of a TDR. There were no restructured loans that subsequently defaulted in 2021; however, two consumer loans totaling $83,000 that were TDRs within the previous twelve months had subsequently defaulted in 2020. Related Party Loans Lakeland has entered into lending transactions in the ordinary course of business with directors, executive officers, principal stockholders and affiliates of such persons on similar terms, including interest rates and collateral, as those prevailing for comparable transactions with other borrowers not related to Lakeland. At December 31, 2021 and 2020, loans to these related parties amounted to $64.0 million and $75.7 million, respectively. There were new loans of $5.0 million to related parties and repayments of $16.7 million from related parties in 2021. Mortgages Held for Sale Residential mortgages originated by the bank and held for sale in the secondary market are carried at the lower of cost or fair market value. Fair value is generally determined by the value of purchase commitments on individual loans. Losses are recorded as a valuation allowance and charged to earnings. As of December 31, 2021, Lakeland had $1.9 million in mortgages held for sale compared to $1.3 million as of December 31, 2020. Equipment Finance Receivables Future minimum payments of equipment finance receivables at December 31, 2021 are expected as follows: (in thousands) 2022 $ 40,997 2023 34,476 2024 25,736 2025 15,388 2026 5,885 Thereafter 730 $ 123,212 Other Real Estate and Other Repossessed Assets At December 31, 2021 and December 31, 2020, Lakeland had no other real estate owned and held no other repossessed assets. For the year ended December 31, 2021, Lakeland had no writedowns of other real estate owned and for the years ended December 31, 2020 and 2019 had writedowns of $39,000 and $153,000, respectively, recorded in other expense in the Consolidated Statement of Income. |