LKFN — what changed in the latest 10-Q
A section-by-section comparison of LKFN's newest periodic SEC filing (10-K/10-Q) against the prior same-form filing: paragraphs added and removed per section, with verbatim excerpts. Purely a deterministic text diff — no similarity scores, no directional read, not investment advice.
Comparing 10-Q · 2026-08-05 vs the prior 10-Q · 2026-04-29
| Section | Outcome | Added | Removed | Minor | Unchanged |
|---|---|---|---|---|---|
| MD&A | Text added/removed | +37 | −28 | ~23 | 41 |
| Market risk (Item 3) | Text added/removed | 0 | 0 | ~4 | 2 |
| Controls & procedures | Text added/removed | 0 | 0 | ~2 | 0 |
| Legal proceedings | No paragraph-level changes | 0 | 0 | 0 | 1 |
| Risk factors | No material changes reported (points to the 10-K) | — | — | — | — |
| Other information | Text added/removed | 0 | 0 | ~1 | 0 |
Counts are paragraphs; added/removed means text added or removed vs the prior filing — no direction or judgement implied.
Representative excerpts
Up to 5 excerpts of about 300 characters per section, quoted verbatim from the two SEC filings.
MD&A
Text added vs the prior filing · source: 10-Q · 2026-08-05
Net income in the second quarter of 2026 was $28.4 million, an increase of $1.5 million, or 5.5%, from $27.0 million for the comparable period of 2025. Diluted earnings per common share were $1.13 in the second quarter of 2026, an increase of 8.7% from $1.04 in the comparable period of 2025. The inc…
Return on average total equity was 15.00% in the second quarter of 2026 versus 15.52% in the comparable period of 2025. Return on average total assets was 1.59% in the second quarter of 2026 versus 1.57% in the comparable period of 2025. The average equity to average assets ratio was 10.58% in the s…
The Company’s tangible common equity to tangible assets ratio, which is a non-GAAP financial measure, was 10.63% at June 30, 2026, compared to 10.15% at June 30, 2025 and 10.86% at December 31, 2025. Unrealized losses from available-for-sale investment securities were $140.9 million at June 30, 2026…
Total assets were $7.243 billion as of June 30, 2026 versus $6.990 billion as of December 31, 2025, an increase of $252.9 million, or 3.6%. Balance sheet expansion was driven by increases to total loans, net of the allowance for credit losses, which increased $202.7 million, or 3.8%, and cash and ca…
Net income during the second quarter of 2026 was $28.4 million, an improvement of 5.5% from $27.0 million for the comparable period of 2025. Diluted earnings per common share was $1.13 in the second quarter of 2026, an increase of 8.7% from $1.04 in the comparable period of 2025. The increase was dr…
Text removed vs the prior filing · source: 10-Q · 2026-04-29
The Company’s tangible common equity to tangible assets ratio, which is a non-GAAP financial measure, was 10.53% at March 31, 2026, compared to 10.09% at March 31, 2025 and 10.86% at December 31, 2025. Unrealized losses from available-for-sale investment securities were $154.5 million at March 31, 2…
Total assets were $7.084 billion as of March 31, 2026 versus $6.990 billion as of December 31, 2025, an increase of $93.7 million, or 1.3%. Balance sheet expansion was driven by increases to total loans, net of the allowance for credit losses, which increased $98.1 million, or 1.8%, and cash and cas…
Net interest income, on a fully tax equivalent basis, increased $3.9 million, or 7.2%, to $57.9 million for the three months ended March 31, 2026, compared to $54.0 million for the first three months of 2025. The increase in net interest income on a fully tax equivalent basis was driven by a decreas…
Total average earning assets were $6.729 billion for the three months ended March 31, 2026, an increase of $298.6 million, or 4.6%, compared to $6.431 billion for the three months ended March 31, 2025. Average loans outstanding drove the increase to total average earning assets, increasing $255.0 mi…
The tax equivalent net interest margin was 3.49% for the three months ended March 31, 2026, compared to 3.40% during the first three months of 2025, representing a 9 basis point expansion between the two periods. The net interest margin increase was primarily driven by a decrease to interest expense…
How to read Risk Factors (Item 1A) in a 10-Q
A 10-Q risk-factor section usually takes one of three forms; this page classifies it as one of:
- Pointer — the filer states there have been no material changes and points back to the annual 10-K risk factors; there is no own risk text to compare this quarter.
- Partial update — the filer carves out specific updated risks ("except as set forth below"); the excerpts show exactly what is new this quarter.
- Restated in full — the quarter carries the complete risk-factor text. When the prior quarter was only a pointer there is no prior full text to diff against, so the page flags the section as restated instead.
This describes the filing structure only — it is never a judgement on whether risk went up or down.
Source: text-level diff of the two SEC EDGAR filings · deterministic (no AI-generated content) · for reference only · not investment advice