Landmark Bancorp Inc (OQ:LARK)

Sector:  Financials Industry:  Banks
See Regulatory Filings on SEC
Company Contact
Address: 701 Poyntz Ave
MANHATTAN KS 66502-6052
Tel: 1-785-5652000
IR: See website
Key People
Patrick L. Alexander
Chairman and Director of Landmark Bancorp and Landmark National Bank
Michael E. Scheopner
President, Chief Executive Officer of the Company and the Bank
Mark A. Herpich
Vice President, Secretary, Chief Financial Officer, Treasurer, Executive Vice President and Chief Financial Officer - Bank
Mark J. Oliphant
Executive Vice President - Market President-Central Region
Dean R. Thibault
Executive Vice President - Chief Lending Officer
Business Overview
Landmark Bancorp, Inc. is the bank holding company for Landmark National Bank (the Bank). The Bank is principally engaged in the business of attracting deposits from the general public and using such deposits, together with borrowings and other funds, to originate one- to four-family residential real estate, construction and land, commercial real estate, commercial, agriculture, municipal and consumer loans. The Bank also invests in certain investment and mortgage-related securities using deposits and other borrowings as funding sources. The Bank originates one- to four-family residential real estate loans with both fixed and variable rates. Loans in construction and land lending category include loans to facilitate the development of both residential and commercial real estate. The Company offers various deposits, such as non-interest bearing demand deposits, money market and checking deposits, savings accounts and certificates of deposit.
Financial Overview
For the nine months ended 30 September 2019, Landmark Bancorp Inc interest income increased 14% to $27.6M. Net interest income after loan loss provision increased 8% to $21.3M. Net income decreased 7% to $7.4M. Net interest income after loan loss provision reflects Net Interest Margin, Total - % increase of 2% to 3.43%, Loans -Taxable increase of 18% to $20.4M, Investment securities and other increase of 15% to $4.4M.
Employees: 276 as of Dec 31, 2018
Reporting Currency: U.S. Dollars
Enterprise value: $132.00M as of Sep 30, 2019
Annual revenue (TTM): $36.45M as of Sep 30, 2019
EBITDA (TTM): $15.12M as of Sep 30, 2019
Net annual income (TTM): $9.94M as of Sep 30, 2019
Free cash flow (TTM): $4.68M as of Sep 30, 2019
Net Debt Last Fiscal Year: $16.19M as of Sep 30, 2019
Shares outstanding: 4,595,359 as of Nov 29, 2019
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization