Ownership Submission
FORM 5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Form 3 Holdings Reported
Form 4 Transactions Reported
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

ANNUAL STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0362
Expires: January 31, 2005
Estimated average burden hours per response... 1.0

1. Name and Address of Reporting Person *
NIEMIER CHARLES E
 2. Issuer Name and Ticker or Trading Symbol
LAKELAND FINANCIAL CORP [LKFN] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
__X__ Director _____ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
(Last)
(First)
(Middle)

P O BOX 587		 3. Statement for Issuer's Fiscal Year Ended (Month/Day/Year)
12/31/2006
(Street)


WARSAW, IN 46581-0587		 4. If Amendment, Date Original Filed(Month/Day/Year)
 6. Individual or Joint/Group Reporting
(check applicable line)

_X_ Form Filed by One Reporting Person
___ Form Filed by More than One Reporting Person
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)		 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code
(Instr. 8)		 4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)		 5. Amount of Securities Beneficially Owned at end of Issuer's Fiscal Year
(Instr. 3 and 4)		 6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)		 7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Amount (A) or (D) Price
Common Stock 12/31/2006   J(1) 97.361 A $ 23.364 18,937.281 D  
Common Stock             4,168 I By Spouse

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. SEC 2270 (9-02)

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)		 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code
(Instr. 8)		 5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)		 6. Date Exercisable and Expiration Date
(Month/Day/Year)		 7. Title and Amount of Underlying Securities
(Instr. 3 and 4)		 8. Price of Derivative Security
(Instr. 5)		 9. Number of Derivative Securities Beneficially Owned at End of Issuer's Fiscal Year
(Instr. 4)		 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)		 11. Nature of Indirect Beneficial Ownership
(Instr. 4)
(A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Phantom Stock               (3)   (4) Common Stock
1,401
  1,401
D
 
Phantom Stock             07/26/2005 07/26/2015 Common Stock
48
  48
D
 
Phantom Stock             10/25/2005 10/25/2005 Common Stock
56
  56
D
 
Phantom Stock             04/26/2005 04/26/2015 Common Stock
60
  60
D
 
Phantom Stock             07/12/2005 07/12/2015 Common Stock
504
  504
D
 
Phantom Stock $ 0           07/14/2004 07/14/2014 Common Stock
588
  588
D
 
Phantom Stock $ 0           01/07/2003 01/07/2013 Common Stock
594.8
  594.8
D
 
Phantom Stock $ 0           07/10/2003 07/10/2013 Common Stock
476
  476
D
 
Phantom Stock $ 0           01/28/2003 01/28/2013 Common Stock
48.2
  48.2
D
 
Phantom Stock $ 0           01/01/2003 01/01/2003 Common Stock
6,076.2
  6,076.2
D
 
Phantom Stock $ 0           10/27/2003 10/27/2013 Common Stock
40
  40
D
 
Phantom Stock $ 0           01/26/2005 01/26/2015 Common Stock
44
  44
D
 
Phantom Stock $ 0           04/28/2003 04/28/2013 Common Stock
46.8
  46.8
D
 
Phantom Stock $ 0           01/11/2005 01/11/2015 Common Stock
536
  536
D
 
Phantom Stock $ 0           01/16/2004 01/16/2014 Common Stock
482
  482
D
 
Phantom Stock $ 0           07/26/2004 07/26/2014 Common Stock
52
  52
D
 
Phantom Stock $ 0           04/28/2004 04/28/2014 Common Stock
50
  50
D
 
Phantom Stock $ 0           01/26/2004 01/26/2014 Common Stock
36
  36
D
 
Phantom Stock $ 0           10/26/2004 10/26/2014 Common Stock
50
  50
D
 
Phantom Stock $ 0           07/30/2003 07/30/2013 Common Stock
40
  40
D
 
Stock Options (Right to buy) $ 6.75           06/13/2005 06/13/2010 Common Stock
1,000
  1,000
D
 
Stock Options (Right to buy) $ 6.8125           01/09/2006 01/09/2011 Common Stock
2,000
  2,000
D
 
Stock Options (Right to buy) $ 7.5625           02/08/2005 02/08/2010 Common Stock
1,200
  1,200
D
 
Stock Options (Right to buy) $ 9.7188           02/09/2004 02/09/2009 Common Stock
1,150
  1,150
D
 
Stock Options (Right to buy) $ 17.185           12/09/2008 12/09/2013 Common Stock
1,000
  1,000
D
 

Reporting Owners

Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
NIEMIER CHARLES E
P O BOX 587
WARSAW, IN 46581-0587		   X      

Signatures

Teresa A. Bartman, Attorney-in-Fact 02/09/2007
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(4) Phantom shares expire after the directors' retirement as a Board member.
(1) Dividend reinvestment for 2006.
(3) Phantom stock is exercisable after the directors' retirement as a Board member.
(2) Each phantom stock unit exersises into 1 share of Common Stock.

Note: File three copies of this Form, one of which must be manually signed. If space provided is insufficient, see Instruction 6 for procedure.

Potential persons who are to respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB number.