Lakeland Financial Corp. in Warsaw, Ind., said its second-quarter profit rose 13% to $12.8 million on loan and deposit growth and higher net interest income.

Total deposits at the $4 billion-asset parent company of Lake City Bank rose 12% to $3.4 billion. Net interest income rose 12.3% to $29.3 million.

"We are particularly pleased with the continued loan and deposit growth that our retail and commercial banking teams are producing," Lakeland's president and CEO, David Findlay, said in a press release Monday.

Total loans rose 12% to $3.1 billion and the net interest margin widened by 6 basis points to 3.24%.

Net chargeoffs fell 95.8% to $36,000. Noninterest income rose 4.5% to $8.1 million because of increases in recurring fee income for service charges on deposit accounts.

Noninterest expense rose 10.1% to $18.4 million.

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