Adopt the CECL standard
Delivered by the deadline
Under re-examination This entry has been challenged and is being re-checked against the sources.
- Announced
- 25 Jan 2021
- Due
- 31 Mar 2021
- Delivered
- 1 Jan 2021
- Deadline
- Met
- Late
- Not met
- Today
What the company said
“The company will adopt the CECL standard during the first quarter of 2021, effective January 1, 2021”
What we found
Evidence strength A What the grades mean
The company successfully adopted the CECL standard effective January 1, 2021, which falls within the first quarter of 2021 as committed.
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A Lakeland Financial Corp. 10-Q filed 2021-08-04
“The Company adopted the CECL standard (ASU 2016-13) during the first quarter of 2021, effective January 1, 2021.” ✓ confirmed on the page
Market reaction: the shares moved +6.2% against the S&P 500 over the three sessions around the disclosure (3 Aug 2021 to 6 Aug 2021). What this measures
Checked 25 Oct 2026.
Commitment DNA
The structured record of this commitment. Fields the company did not state are left blank rather than guessed.
- Event type
- Regulatory other
- Indicative materiality
- Medium rules
- Action
- Adopt
- Deliverable
- CECL standard adoption
- Language
- Firm (“will”, “on track to”)
- In the company’s control
- High
- Specificity
- High
- Depends on
- Regulatory
How this entry was checked
- Commitment recordedThe company's words were matched word for word against the filing.
- First checkAn AI model, Gemini (Google), read the company's later filings and recorded the outcome with a quoted passage.
- Second check: agreesA different AI model, Claude (Anthropic), re-read the evidence without being told the outcome and reached the same answer.
Confirmed. This outcome counts towards the company's Kept Score. How verification works
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Report an error in this entry Reference: KI-C-2021-LKFN-022339 · Corrections policy