Landmark Bancorp, Inc. Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Year Ended December 31, 2018
January 29, 2019 at 05:02 pm
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Landmark Bancorp, Inc. reported unaudited consolidated earnings results for the fourth quarter and year ended December 31, 2018. For the quarter, the company reported total interest income of $8,823,000 against $7,535,000 a year ago. Net interest income was $7,178,000 against $6,569,000 a year ago. Net earnings were $2,462,000 against $2,442,000 a year ago. Basic earnings per share were $0.56 against $0.57 a year ago. Diluted earnings per share was $0.56 against $0.56 a year ago.
For the year, the company reported total interest income of $33,153,000 against $29,700,000 a year ago. Net interest income was $27,788,000 against $26,115,000 a year ago. Net earnings were $10,426,000 against $4,369,000 a year ago. Basic earnings per share were $2.40 against $1.02 a year ago. Diluted earnings per share was $2.39 against $1.01 a year ago.
Landmark Bancorp, Inc. is a financial holding company. The Companyâs business consists of the ownership of Landmark National Bank (the Bank) and Landmark Risk Management, Inc., which are wholly owned subsidiaries of the Company. The Bank's primary deposit gathering and lending markets are geographically diversified throughout central, eastern, southeast, and southwest Kansas. 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, agricultural, municipal and consumer loans. The Bank also invests in certain investment and mortgage-related securities using deposits and other borrowings as funding sources. Landmark Risk Management, Inc. is a captive insurance company, which provides property and casualty insurance coverage to the Company and the Bank.
LANDMARK BANCORP, INC. 
