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LANDMARK BANCORP INC
LARKCIK 0001141688NasdaqNon-AcceleratedSmaller ReportingNational Commercial BanksCaliforniaFY ends Dec 31
Period
FY 2025
Revenue
—
Net Income
$18.77M
Total Assets
$1.61B
Equity
$160.63M
Shares Out
6.10M
Op. Cash Flow
$21.63M
Business
Landmark Bancorp, Inc. is a bank holding company that owns Landmark National Bank and Landmark Risk Management, Inc. The bank provides commercial, agricultural, real estate, and consumer lending, along with deposit products and treasury management services to individuals and businesses. It operates branches across Kansas and the Kansas City metropolitan area in four geographic regions: central, eastern, southeast, and southwest. The captive insurance subsidiary offers property and casualty coverage.
Summary from 10-K filed 2026-04-14
Financials
Consolidated Statement of Income
Year Ended · In millions, except per-share amounts
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Loans | 69 | 61 | 52 | 33 | 34 | |
| Taxable | 9 | 9 | 10 | 6 | 3 | |
| Tax-exempt | 3 | 3 | 3 | 3 | 3 | |
| Interest-bearing deposits at banks | 225,000 | 193,000 | 242,000 | 321,000 | 187,000 | |
| Total interest income | 81 | 74 | 65 | 43 | 40 | |
| Deposits | 21 | 22 | 15 | 3 | 1 | |
| FHLB and other borrowings | 3 | 4 | 4 | 584,000 | — | |
| Subordinated debentures | 1 | 2 | 2 | 840,000 | 472,000 | |
| Repurchase agreements | 150,000 | 344,000 | 499,000 | 146,000 | 11,000 | |
| Total interest expense | 25 | 28 | 21 | 4 | — | |
| Net interest income | 56 | 46 | 43 | 39 | 38 | |
| Provision for credit losses | 2 | 2 | 349,000 | — | 500,000 | |
| Net interest income after provision for credit losses | 53 | 43 | 43 | 39 | 38 | |
| Fees and service charges | 10 | 11 | 10 | 10 | 9 | |
| Gains on sales of loans, net | 3 | 2 | 2 | 3 | 10 | |
| Increase in cash surrender value of bank owned life insurance | 1 | 2 | 913,000 | 780,000 | 686,000 | |
| Losses on sales of investment securities, net | −103,000 | −1 | −1 | −1 | 1 | |
| Other | 565,000 | 924,000 | 1 | 928,000 | 1 | |
| Total non-interest income | 15 | 15 | 13 | 14 | 22 | |
| Compensation and benefits | 26 | 23 | 23 | 20 | 20 | |
| Occupancy and equipment | 5 | 6 | 6 | 5 | 4 | |
| Data processing | 2 | 2 | 2 | 2 | 2 | |
| Amortization of mortgage servicing rights and other intangibles | 948,000 | 1 | 2 | 1 | 2 | |
| Professional fees | 3 | 3 | 2 | 2 | 2 | |
| Valuation allowance on assets held for sale | 356,000 | 1 | — | — | — | |
| Other | 8 | 8 | 8 | 7 | 7 | |
| Total non-interest expense | 45 | 44 | 42 | 41 | 37 | |
| Earnings before income taxes | 23 | 14 | 14 | 11 | 23 | |
| Income tax expense | 4 | 1 | 2 | 1 | 5 | |
| Net earnings | 19 | 13 | 12 | 10 | 18 | |
| Basic | 3.09 | 2.15 | 2.03 | 1.71 | 3.27 | |
| Diluted | 3.07 | 2.15 | 2.03 | 1.71 | 3.26 |
Consolidated Balance Sheet
As of · In millions, except per-share amounts
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Cash and cash equivalents | 21 | 20 | 27 | 23 | 189 | |
| Interest-bearing deposits at other banks | 3 | 4 | 5 | 9 | 7 | |
| Investment securities available-for-sale, at fair value | 348 | 373 | 453 | 489 | 381 | |
| Investment securities, held-to-maturity, net of allowance for credit losses of $91 and $91, fair value of $3,477 and $3,290 | 4 | 4 | 4 | 4 | — | |
| Bank stocks, at cost | 6 | 7 | 8 | 5 | 3 | |
| Loans, net of allowance for credit losses of $12,458 and $12,825 | 1,098 | 1,039 | 938 | 841 | — | |
| Loans held for sale, at fair value | 5 | 3 | 853,000 | 2 | 5 | |
| Bank owned life insurance | 40 | 39 | 38 | 37 | 32 | |
| Premises and equipment, net | 19 | 20 | 20 | 24 | 21 | |
| Goodwill | 32 | 32 | 32 | 32 | 18 | |
| Other intangible assets, net | 2 | 3 | 3 | 4 | 84,000 | |
| Mortgage servicing rights | 3 | 3 | 3 | 4 | 4 | |
| Real estate owned, net | — | 167,000 | 928,000 | 934,000 | 3 | |
| Accrued interest and other assets | 24 | 27 | 29 | 26 | 13 | |
| Total assets | 1,607 | 1,574 | 1,562 | 1,503 | 1,329 | |
| Non-interest-bearing demand | 365 | 352 | 367 | 410 | 350 | |
| Money market and checking | 651 | 637 | 614 | 627 | 537 | |
| Savings | 151 | 146 | 152 | 171 | 156 | |
| Certificates of deposit | 222 | 195 | 183 | 93 | 106 | |
| Total deposits | 1,389 | 1,329 | 1,316 | 1,301 | 1,148 | |
| Federal Home Loan Bank and other borrowings | 11 | 53 | 65 | 17 | — | |
| Subordinated debentures | 22 | 22 | 22 | 22 | 22 | |
| Repurchase agreements | 2 | 14 | 13 | 29 | 7 | |
| Accrued interest and other liabilities | 23 | 21 | 19 | 23 | 16 | |
| Total liabilities | 1,446 | 1,438 | 1,435 | 1,391 | 1,193 | |
| Commitments and contingencies | — | — | — | — | — | |
| Preferred stock, $0.01 par value per share, 200,000 shares authorized; none issued | — | — | — | — | — | |
| Common stock, $0.01 par value per share, 7,500,000 shares authorized; 6,074,381 and 6,063,958 shares issued at December 31, 2025 and 2024, respectively | 61,000 | 58,000 | 55,000 | 52,000 | 50,000 | |
| Additional paid-in capital | 103 | 95 | 89 | 84 | 79 | |
| Retained earnings | 64 | 57 | 54 | 52 | 53 | |
| Treasury stock, at cost; zero shares at December 31, 2025 and 2024, respectively | — | — | −75,000 | — | — | |
| Accumulated other comprehensive loss | −6 | −16 | −17 | −25 | 4 | |
| Total stockholders equity | 161 | 136 | 127 | 110 | 136 | |
| Total liabilities and stockholders equity | 1,607 | 1,574 | 1,562 | 1,503 | 1,329 |
Consolidated Statement of Cash Flows
Year Ended · In millions, except per-share amounts
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Valuation allowance on assets held for sale | 356,000 | 1 | 6,000 | — | — | |
| Amortization of investment security (discounts) premiums, net | −195,000 | −111,000 | 240,000 | 1 | 2 | |
| Accretion of purchase accounting adjustments | −794,000 | −1 | −993,000 | −460,000 | −55,000 | |
| Depreciation | 1 | 1 | 1 | 1 | 997,000 | |
| Stock-based compensation | 359,000 | 520,000 | 352,000 | 295,000 | 323,000 | |
| Deferred income taxes | −136,000 | −212,000 | 404,000 | −1 | 808,000 | |
| Net losses on investment securities | 103,000 | 1 | 1 | 1 | −1 | |
| Net gains on sales of premises and equipment and foreclosed assets | −81,000 | −326,000 | −1,000 | −114,000 | 5,000 | |
| Proceeds from sale of loans | 104 | 86 | 80 | 146 | 344 | |
| Origination of loans held for sale | −103 | −86 | −77 | −141 | −325 | |
| Accrued interest and other assets | −785,000 | −1 | −1 | 5 | 611,000 | |
| Accrued interest, expenses and other liabilities | 3 | 1 | −3 | 5 | −736,000 | |
| Net cash provided by operating activities | 22 | 14 | 13 | 25 | 31 | |
| Net increase in loans | −62 | −103 | −97 | −74 | 48 | |
| Net change in interest-bearing deposits at banks | 892,000 | 808,000 | 4 | — | — | |
| Maturities and prepayments of investment securities | 62 | 71 | 55 | 54 | 61 | |
| Purchases of investment securities | −53 | −23 | −29 | −226 | −175 | |
| Proceeds from sale of available-for-sale securities | 28 | 33 | 21 | 53 | 17 | |
| Redemption of bank stocks | 16 | 16 | 11 | 4 | 2 | |
| Purchase of bank stocks | −15 | −15 | −14 | −6 | −850,000 | |
| Proceeds from sales of premises and equipment and foreclosed assets | 406,000 | 5 | 7,000 | — | — | |
| Premiums paid on bank owned life insurance | — | −95,000 | −97,000 | −63,000 | — | |
| Proceeds from bank owned life insurance | 1 | — | — | — | — | |
| Purchases of premises and equipment, net | −605,000 | −2 | −995,000 | −876,000 | −1 | |
| Net cash used in investing activities | −21 | −18 | −51 | −197 | −56 | |
| Net increase in deposits | 60 | 13 | 16 | 2 | 132 | |
| Federal Home Loan Bank advance borrowings | 840 | 779 | 728 | 327 | — | |
| Federal Home Loan Bank advance repayments | −880 | −788 | −678 | −326 | — | |
| Proceeds from other borrowings | — | 360,000 | — | 10 | — | |
| Repayments on other borrowings | −3 | −3 | −2 | −1 | — | |
| Change in repurchase agreements | −12 | 1 | −17 | −199,000 | 1 | |
| Proceeds from exercise of stock options | — | — | 52,000 | — | 22,000 | |
| Payment of dividends | −5 | −5 | −4 | −4 | −4 | |
| Purchase of treasury stock | — | −338,000 | −75,000 | −1 | — | |
| Net cash provided by (used in) financing activities | 441,000 | −3 | 42 | 6 | 130 | |
| Net increase (decrease) in cash and cash equivalents | 707,000 | −7 | 4 | −166 | 104 | |
| Cash payments paid during the year for income taxes | 3 | 834,000 | 55,000 | 1 | 4 | |
| Cash paid during the year for interest | 25 | 28 | 20 | 4 | 2 | |
| Cash paid during the year for operating leases | 209,000 | 177,000 | 156,000 | 175,000 | 141,000 | |
| Transfer of premises and equipment to real estate held for sale | — | — | 4 | — | — | |
| Transfer of loans to repossessed assets | 1 | — | — | — | — | |
| Operating lease asset and related liability recorded | — | — | 61,000 | — | 219,000 |
Filings
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Frequently asked questions
What is LANDMARK BANCORP INC's CIK number?
LANDMARK BANCORP INC's SEC CIK number is 0001141688 (1141688). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find LANDMARK BANCORP INC's SEC filings?
All of LANDMARK BANCORP INC's EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.
When did LANDMARK BANCORP INC last report earnings?
LANDMARK BANCORP INC (LARK) most recently filed an earnings 8-K with the SEC on Apr 29, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001493152-26-019638). This is LANDMARK BANCORP INC's most recent earnings filing of record — not a forecast of its next earnings date.
What is LANDMARK BANCORP INC's most recent earnings 8-K?
LANDMARK BANCORP INC's latest earnings 8-K (Item 2.02) was filed Apr 29, 2026 under accession 0001493152-26-019638. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.
View LANDMARK BANCORP INC's latest earnings 8-K →
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