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Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON , D.C. 20549 FORM 10 - K ANNUAL REPORT PURSUANT TO SECTION 13 or 15 ( d ) of the Securities Exchange Act of 1934 For the fiscal year ended December 31 , 2020 Commission file number 0-11487 LAKELAND FINANCIAL CORPORATION Indiana ( State of incorporation ) 35-1559596 ( I.R.S. Employer Identification No. ) 202 East Center Street , P.O. Box 1387 , Warsaw , Indiana 46581-1387 ( Address of principal executive offices ) Common Stock , no par value ( Title of class ) Telephone : ( 574 ) 267-6144 Securities registered pursuant to Section 12 ( b ) of the Act : LKFN ( Trading symbol ) The Nasdaq Stock Market , LLC ( Name of each exchange on which registered ) Indicate by check mark if the registrant is a well - known seasoned issuer , as defined in Rule 405 of the Securities Act . Yes ✗ No_ Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15 ( d ) of the Exchange Act . Yes No ✗ Indicate by check mark whether the registrant ( 1 ) has filed all reports required to be filed by Section 13 or 15 ( d ) of the Securities Exchange Act of 1934 during the preceding twelve months ( or for such other period that the registrant was required to file such reports ) , and ( 2 ) has been subject to such filing requirements for the past 90 days . Yes X No. Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site , if any , every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S - T during the preceding 12 months ( or for such shorter period that the registrant was required to submit and post such files ) . Yes X No. Indicate by check mark whether the registrant is a large accelerated filer , an accelerated filer , a non - accelerated filer , a smaller reporting company , or an emerging growth company . See the definitions of “ large accelerated filer " , " accelerated filer ” , “ smaller reporting company " , and " emerging growth company ” in Rule 12b - 2 of the Exchange Act . Large accelerated filer [ X ] Accelerated filer [ ] Non - accelerated filer [ ] Smaller reporting company [ Emerging growth ] company If an emerging growth company , indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13 ( a ) of the Exchange Act . [ ] [ ] Indicate by check mark whether the registrant has filed a report on and attestation to its management's assessment of the effectiveness of its internal control over financial reporting under Section 404 ( b ) of the Sarbanes - Oxley Act ( 15 U.S.C. 7262 ( b ) ) by the registered public accounting firm that prepared or issued its audit report . [ X ] Indicate by check mark whether the registrant is a shell company ( as defined in Rule 12b - 2 of the Act ) Yes □ No ✗ The aggregate market value of the voting and non - voting common equity held by non - affiliates of the registrant , based on the last sales price quoted on the Nasdaq Global Select Market on June 30 , 2020 , the last business day of the registrant's most recently completed second fiscal quarter , was approximately $ 1,111,392,010 . Number of shares of common stock outstanding at February 17 , 2021 : 25,289,469 DOCUMENTS INCORPORATED BY REFERENCE Part III - Portions of the Proxy Statement for the Annual Meeting of Stockholders to be held on April 13 , 2021 are incorporated by reference into Part III hereof .