v3.26.1
Statements of Changes in Net Assets Available for Benefits - EBP 004 - USD ($)
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Investment income:    
Net appreciation in fair value of investments $ 37,079,931 $ 21,228,571
Dividend income 1,757,346 1,380,450
Interest income 182,375 183,288
Net investment income 39,019,652 22,792,309
Interest on participant notes receivable 380,795 264,879
Contributions:    
Employee contributions 14,741,297 8,902,620
Employer contributions 5,227,484 1,547,195
Rollover contributions 3,642,317 4,898,174
Total contributions 23,611,098 15,347,989
Total additions 63,011,545 38,405,177
Deductions from net assets attributable to:    
Benefits paid to participants 28,840,274 18,378,007
Corrective distributions 0 1,715
Administrative expenses 213,076 136,200
Total deductions 29,053,350 18,515,922
Increase in net assets available for benefits, before transfers 33,958,195 19,889,255
Transfers to the Plan from ESOP (note 1(c)) 264,365 185,799
Transfers to the Plan from ESOP (note 1(e)) 58,759,147  
Transfers to the Plan from the Lakeland 401(k) Plan (note 1(d)) 77,719,108  
Net increase in net assets available for benefits per the financial statements 170,700,815 20,075,054
Net assets available for benefits at beginning of year 184,354,407 164,279,353
Net assets available for benefits at end of year $ 355,055,222 $ 184,354,407