Landmark bancorp inc (LARK)
Income statement / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10Dec'09
Interest income:
Loans:
Taxable

27,563

23,642

20,952

21,010

21,077

20,802

16,699

16,345

17,108

18,974

20,338

Tax-exempt

106

244

134

244

268

328

261

378

333

272

236

Investment securities:
Taxable

5,796

5,299

4,686

4,551

4,584

4,119

2,801

2,940

2,748

2,653

4,191

Tax-exempt

3,646

3,968

3,928

3,425

3,068

2,601

2,351

2,389

2,397

2,452

2,501

Total interest income

37,111

33,153

29,700

29,230

28,997

27,850

22,112

22,052

22,586

24,351

27,266

Interest expense:
Deposits

5,341

3,056

1,569

1,134

1,071

1,235

1,377

2,149

2,760

3,786

5,820

Subordinated debentures

970

1,079

898

787

699

686

446

428

-

-

-

Borrowings

446

1,230

1,118

1,270

1,311

1,265

1,258

1,333

1,899

2,519

3,266

Total interest expense

6,757

5,365

3,585

3,191

3,081

3,186

3,081

3,910

4,659

6,305

9,086

Net interest income

30,354

27,788

26,115

26,039

25,916

24,664

19,031

18,142

17,927

18,046

18,180

Provision for loan losses

1,400

1,400

450

500

-700

600

800

1,900

2,000

5,900

3,300

Net interest income after provision for loan losses

28,954

26,388

25,665

25,539

26,616

24,064

18,231

16,242

15,927

12,146

14,880

Non-interest income:
Fees and service charges

7,737

7,289

7,358

7,268

-

-

-

-

-

-

-

Fees and service charges

-

-

-

-

7,331

7,424

5,757

5,271

4,886

4,706

4,422

Gains on sales of loans, net

6,353

5,023

5,390

5,476

7,993

5,880

3,777

5,680

2,775

3,446

3,091

Bank owned life insurance

752

644

912

508

514

523

561

540

594

506

508

Gains on sales of investment securities, net

-177

20

498

558

-

-

-

-

-

-

-

Net impairment losses on investment securities

-

-

-

-

-

-

-

63

72

391

961

Gains on sales of investment securities, net

-

-

-

-

-119

99

0

486

186

563

9

Other

1,144

2,595

1,126

1,040

1,291

1,145

610

529

646

482

415

Total non-interest income

15,809

15,571

15,284

14,850

17,010

15,071

10,705

12,443

8,901

9,140

8,436

Investment securities gains, net

-

-

-

-

-

-

-

-

114

172

-952

Non-interest expense:
Compensation and benefits

17,792

16,042

15,141

15,313

15,230

14,347

10,578

9,788

9,432

9,514

9,062

Occupancy and equipment

4,470

4,333

4,283

4,334

4,252

4,397

3,333

2,990

2,874

2,809

2,724

Acquisition costs

-

-

-

-

-

-

1,886

147

0

-

-

Data processing

1,646

1,525

1,402

1,419

1,391

1,416

992

842

753

879

778

Amortization of intangibles

1,206

1,111

1,258

1,397

1,355

1,296

749

1,178

778

790

767

Professional fees

1,683

1,677

1,695

1,081

1,048

1,096

1,102

961

1,434

831

678

Advertising

566

589

589

573

618

534

435

443

554

617

480

Federal deposit insurance premiums

71

291

292

369

433

518

441

364

465

723

849

Foreclosure and real estate owned expense

182

100

238

258

65

102

370

332

652

763

408

Deposit-related loss

-

-

8,082

-

-

-

-

-

-

-

-

Deposit-related loss

-

-

-

-

0

-

-

-

-

-

-

Other

5,032

4,697

4,497

4,370

4,814

4,354

3,649

3,459

3,012

3,104

3,200

Total non-interest expense

32,648

30,365

37,477

29,114

29,206

28,060

23,535

20,504

19,954

20,030

18,946

Earnings before income taxes

12,115

11,594

3,472

11,275

14,420

11,075

5,401

8,181

4,988

1,428

3,418

Income tax expense

1,453

1,168

-897

2,314

3,914

3,026

746

1,814

504

-615

146

Net earnings

10,662

10,426

4,369

8,961

10,506

8,049

4,655

6,367

4,484

2,043

3,272

Earnings per share (1):
Basic

2.32

2.28

0.97

2.13

2.71

2.19

1.37

1.98

1.46

0.70

1.19

Diluted

2.31

2.27

0.96

2.10

2.64

2.16

1.35

1.96

1.46

0.70

1.19