Earnings of Lakeland Financial Corporation (LKFN) will likely decline this year due to the effect of the federal funds rate cut on a rate-sensitive net interest margin. Far more assets than liabilities will reprice this year, which will make the margin highly sensitive to interest rates. Moreover, an increase in provisions charge amid the COVID-19 pandemic will further drag earnings. Furthermore, LKFN's non-interest expenses will likely rise this year due to efforts to grow loans and deposits. Consequently, I'm expecting LKFN's net income to dip by 10.5% year over year in 2020. The December 2020