Landmark Bancorp Inc. (LARK) Financial Statements (2024 and earlier)

Company Profile

Business Address 701 POYNTZ AVENUE
MANHATTAN, KS 66502
State of Incorp. CA
Fiscal Year End December 31
Industry (SIC) 6021 - National Commercial Banks (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments32,240196,59184,81813,69419,11416,584
Cash and cash equivalents32,240196,59184,81813,69419,11416,584
Total current assets:32,240196,59184,81813,69419,11416,584
Noncurrent Assets
Property, plant and equipment24,32720,80320,49321,13321,12720,824
Intangible assets, net (including goodwill)40,21117,61617,73820,36120,62321,191
Goodwill32,19917,53217,53217,53217,53217,532
Intangible assets, net (excluding goodwill)8,012842062,8293,0913,659
Customer funds    15,20013,500
Total noncurrent assets:64,53838,41938,23141,49456,95055,515
Other undisclosed assets1,406,0891,093,9581,064,978943,277909,720857,355
TOTAL ASSETS:1,502,8671,328,9681,188,027998,465985,784929,454
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Noncurrent Liabilities
Other undisclosed liabilities1,391,4341,193,3251,061,355889,858893,883841,832
Total liabilities:1,391,4341,193,3251,061,355889,858893,883841,832
Equity
Equity, attributable to parent111,433135,643126,672108,60791,90187,622
Common stock525048464441
Treasury stock, value      
Additional paid in capital84,27379,12072,23069,02963,77557,772
Accumulated other comprehensive income (loss)(25,066)3,8809,4475,239(3,991)(405)
Retained earnings52,17452,59344,94734,29332,07330,214
Total equity:111,433135,643126,672108,60791,90187,622
TOTAL LIABILITIES AND EQUITY:1,502,8671,328,9681,188,027998,465985,784929,454

Income Statement (P&L) ($ in thousands)

12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues46,34950,31322,61115,79514,29021,860
Gain on disposition of assets for financial service operations3,44410,48715,1556,3535,023
Net investment income42,90539,8267,4569,4429,2678,614
Financial services revenue13,246
Cost of revenue (500)(3,300)(1,400)(1,400)(450)
Provision for loan, lease, and other losses (500)(3,300)(1,400)(1,400)
Financial services costs(450)
Gross profit:46,34949,81319,31114,39512,89021,410
Operating expenses(13,434)(9,930)(9,975)(9,571)(9,235)(24,368)
Other operating income, net
(Noninterest Income, Other Operating Income)
891     
Operating income (loss):33,80639,8839,3364,8243,655(2,958)
Nonoperating income (expense)(323)686611752644912
Investment income, nonoperating (1,103)     
Bank owned life insurance income780686611752644912
Interest and debt expense(4,346)(1,506)(2,769)(6,757)(5,365)(3,585)
Other undisclosed income from continuing operations before equity method investments, income taxes   17,10213,29612,6609,103
Income from continuing operations before equity method investments, income taxes:29,13739,06324,28012,11511,5943,472
Other undisclosed loss from continuing operations before income taxes(17,827)(16,238)    
Income from continuing operations before income taxes:11,31022,82524,28012,11511,5943,472
Income tax expense (benefit)(1,432)(4,814)(4,787)(1,453)(1,168)897
Income from continuing operations:9,87818,01119,49310,66210,4264,369
Income before gain (loss) on sale of properties:18,01119,49310,66210,4264,369
Net income available to common stockholders, diluted:9,87818,01119,49310,66210,4264,369

Comprehensive Income ($ in thousands)

12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income:9,87818,01119,49310,66210,4264,369
Other comprehensive income (loss)(28,946)(5,567)4,2089,230(3,579)1,010
Comprehensive income (loss), net of tax, attributable to parent:(19,068)12,44423,70119,8926,8475,379

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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