Landmark Bancorp, Inc. (LARK): History, Ownership, Mission, How It Works & Makes Money

Ever wondered how a community bank navigates the complexities of the financial world while staying true to its roots? Landmark Bancorp, Inc., trading under the symbol LARK on the NASDAQ Global Market, stands as a testament to this balance, with Landmark National Bank operating 29 locations across Kansas. Keep reading to discover Landmark Bancorp's journey, its dedication to local communities, and how it continues to thrive in today's dynamic market.

With a history dating back to 1885, Landmark Bancorp has evolved into a key player in the Kansas banking sector, reporting total assets of $1.5 billion and total deposits of approximately $1.3 billion as of October 2022. What strategies drive this institution, and how does it create value for its shareholders and the communities it serves?

Landmark Bancorp, Inc. (LARK) History

Landmark Bancorp, Inc.'s Founding Timeline

Year established

Landmark Bancorp, Inc. was established in 1907.

Original location

The company's original location was in Manhattan, Kansas.

Founding team members

While specific names of the original founding team members are not readily available, the institution was founded by a group of local businessmen and community leaders.

Initial capital/funding

Information regarding the exact initial capital or funding is not available in the provided search results.

Landmark Bancorp, Inc.'s Evolution Milestones

Landmark Bancorp, Inc.'s Transformative Moments

Throughout its history, Landmark Bancorp, Inc. has experienced several transformative moments that have shaped its growth and strategic direction. Key decisions and events include:

• Strategic Acquisitions: The numerous acquisitions of other banks, such as The Farmers State Bank of Westmoreland, Landmark National Bank, Peoples National Bank of Ottawa, Valley State Bank, Lyndon State Bank, Morrill & Janes Bank and Trust Company, and First National Bank of Hope, significantly expanded Landmark Bancorp's market presence and service offerings.
• Expansion into Key Markets: Entering major markets like Topeka and the Kansas City metropolitan area through acquisitions marked significant steps in the company's growth trajectory.
• Adaptation to Changing Regulations and Technology: While specific details are not provided in the search results, Landmark Bancorp's ability to adapt to evolving banking regulations and technological advancements has been crucial for its long-term success.

These transformative moments reflect Landmark Bancorp, Inc.'s strategic focus on growth through acquisitions and expansion into key markets, enabling it to evolve from a local bank into a regional financial institution. For insights into the company's current financial standing, consider reading Breaking Down Landmark Bancorp, Inc. (LARK) Financial Health: Key Insights for Investors.

Landmark Bancorp, Inc. (LARK) Ownership Structure

Landmark Bancorp, Inc. features a diverse ownership structure, encompassing a mix of institutional, retail, and insider holdings, influencing its governance and strategic direction.

Landmark Bancorp's Current Status

Landmark Bancorp, Inc. is a publicly traded company, meaning its shares are available for purchase by the general public on a stock exchange. This allows for a broad base of investors to own a portion of the company.

Landmark Bancorp's Ownership Breakdown

Below is a table illustrating the ownership breakdown of Landmark Bancorp, Inc. as of fiscal year 2024:

Landmark Bancorp's Leadership

The leadership team at Landmark Bancorp, Inc. is responsible for setting the strategic direction and overseeing the day-to-day operations of the company.

• Michael L. Scheopner serves as the President and Chief Executive Officer.
• Laura L. Bell is the Executive Vice President and Chief Financial Officer.
• Patrick L. Bever holds the position of Executive Vice President and Chief Credit Officer.

To gain more insight into the guiding principles of the company, explore Mission Statement, Vision, & Core Values of Landmark Bancorp, Inc. (LARK).

Landmark Bancorp, Inc. (LARK) Mission and Values

Landmark Bancorp, Inc. aims to deliver long-term value to its shareholders, customers, and communities through a commitment to integrity, customer service, and community involvement. The company's values reflect a dedication to building relationships and providing financial solutions tailored to the needs of its customers.

Landmark Bancorp, Inc.'s Core Purpose

Official mission statement

Landmark Bancorp, Inc. does not have a formal, published mission statement readily available in its recent filings or investor relations materials. However, based on the company's activities and public statements, an inferred mission can be derived:

• To provide community-focused financial services, fostering economic growth and stability in the regions it serves.
• To deliver value to shareholders through sustainable profitability and responsible risk management.
• To create a positive and supportive environment for employees, promoting professional development and community engagement.

Vision statement

Similar to its mission statement, Landmark Bancorp, Inc. does not have a specific, explicitly stated vision statement. Nevertheless, a vision can be inferred from the company's strategic goals and long-term objectives:

• To be a leading community bank recognized for its exceptional customer service, innovative financial solutions, and commitment to community development.
• To expand its market presence while maintaining a strong financial position and a reputation for integrity and reliability.
• To adapt to the evolving needs of its customers and communities through continuous improvement and strategic investments in technology and human capital.

Company slogan/tagline

As of April 2025, there is no widely publicized or officially declared slogan or tagline for Landmark Bancorp, Inc. However, reflecting the institution's community-centered approach, a fitting tagline might emphasize its local roots and customer commitment.

You might be also interested in Exploring Landmark Bancorp, Inc. (LARK) Investor Profile: Who’s Buying and Why?

Landmark Bancorp, Inc. (LARK) How It Works

Landmark Bancorp, Inc. operates as the holding company for Landmark National Bank, providing a range of commercial and retail banking services to individuals and businesses.

Landmark Bancorp, Inc.'s Product/Service Portfolio

Landmark Bancorp, Inc.'s Operational Framework

Landmark Bancorp, Inc. generates revenue primarily through:

• Net Interest Income: The difference between income generated from interest-bearing assets (like loans) and the cost of interest-bearing liabilities (like deposits).
• Non-Interest Income: Revenue from fees for services such as wealth management, transaction fees, and other banking services.

The bank's operational processes include:

• Attracting Deposits: Gathering funds from customers through various deposit accounts.
• Underwriting Loans: Assessing the creditworthiness of loan applicants to manage risk.
• Managing Investments: Investing in securities and other assets to generate income.
• Maintaining Regulatory Compliance: Adhering to banking regulations to ensure safe and sound operations.

Landmark Bancorp, Inc.'s Strategic Advantages

Landmark Bancorp, Inc. maintains several strategic advantages:

• Community Focus: Strong local presence and customer relationships within its operating markets.
• Diversified Services: A broad range of banking and financial services catering to different customer segments.
• Experienced Management: A leadership team with extensive banking and financial expertise.
• Technological Adaptability: Investment in digital banking platforms to enhance customer experience and operational efficiency.

To learn more about Landmark Bancorp, Inc., check out: Exploring Landmark Bancorp, Inc. (LARK) Investor Profile: Who’s Buying and Why?

Landmark Bancorp, Inc. (LARK) How It Makes Money

Landmark Bancorp, Inc. primarily generates revenue through traditional banking activities, including interest income from loans and investment securities, as well as non-interest income from services provided to its customers.

Landmark Bancorp's Revenue Breakdown

Landmark Bancorp, Inc. earns revenue through interest income, which forms the majority of its earnings, and non-interest income, which supplements its financial performance.

Landmark Bancorp's Business Economics

Landmark Bancorp's profitability is influenced by several key economic factors and strategies:

• Interest Rate Spread: The difference between the interest earned on loans and the interest paid on deposits is a primary driver of profitability. Landmark Bancorp aims to optimize this spread by efficiently managing its asset and liability portfolios.
• Loan Portfolio Composition: The types of loans Landmark Bancorp issues (e.g., commercial, residential, agricultural) affect its risk profile and potential returns. Diversification across different loan types helps manage risk.
• Operating Efficiency: Controlling operating expenses is crucial for maximizing profitability. Landmark Bancorp focuses on streamlining operations and leveraging technology to improve efficiency.
• Fee Income: Generating revenue from services like wealth management, insurance, and other financial products enhances overall profitability. These fee-based services provide a stable income stream that is less sensitive to interest rate fluctuations.
• Mission Statement, Vision, & Core Values of Landmark Bancorp, Inc. (LARK).

Landmark Bancorp's Financial Performance

Landmark Bancorp's financial performance can be assessed through the following metrics:

• Net Income: For the fiscal year 2024, Landmark Bancorp reported a net income available to common stockholders of $13.9 million, or $2.51 per diluted share.
• Total Assets: As of December 31, 2024, the company's total assets were $1.44 billion.
• Return on Average Assets (ROAA): For 2024, ROAA was 0.97%.
• Return on Average Equity (ROAE): The ROAE for the same period was 9.23%.
• Net Interest Margin (NIM): Landmark Bancorp's NIM for 2024 was 3.34%.
• Efficiency Ratio: The efficiency ratio, which measures operating expenses as a percentage of revenue, was 64.9% for 2024. A lower ratio indicates better efficiency.

Landmark Bancorp, Inc. (LARK) Market Position & Future Outlook

Landmark Bancorp, Inc. maintains a solid market position within the community banking sector, focusing on providing traditional banking services and building strong customer relationships. As of April 2025, the company's future outlook involves navigating a dynamic economic environment while leveraging its community-focused approach to drive growth.

Competitive Landscape

Note: Market share percentages are estimates based on publicly available information and industry reports regarding regional bank market share within Landmark Bancorp's operational footprint.

Opportunities & Challenges

Industry Position

Landmark Bancorp operates within the competitive community banking sector. Its standing can be described as follows:

• Focus on community banking allows for personalized services.
• The company is positioned to capitalize on the growing demand for local and relationship-based banking.
• Landmark Bancorp faces challenges related to scale and resources compared to larger regional and national banks.

To gain more insights into Landmark Bancorp's guiding principles, visit: Mission Statement, Vision, & Core Values of Landmark Bancorp, Inc. (LARK).