Landmark Bancorp, Inc. reported a significant increase in its financial performance for the fiscal year ending December 31, 2025, with net earnings rising by 44.4% to $18.8 million, compared to $13.0 million in 2024. This growth was primarily driven by a $7.1 million increase in interest income, totaling $81.0 million, attributed to higher loan balances and yields. The company's net interest income also saw a notable increase of 21.8%, reaching $55.7 million, bolstered by a decrease in interest expenses, which fell by 10.1% to $25.3 million.
In terms of operational changes, Landmark Bancorp expanded its geographic footprint by opening a loan production office in Kansas City, Missouri, in February 2024, and now operates 29 branch offices across 23 communities in Kansas. The company has focused on diversifying its deposit mix, with core deposits making up approximately 92.2% of total deposits as of December 31, 2025. The total assets of the company stood at approximately $1.6 billion, reflecting a stable growth trajectory.
The company’s loan portfolio also demonstrated growth, with total gross loans increasing by 5.7% to $1.1 billion. The composition of loans included a rise in one-to-four family residential real estate loans, which increased to $375.3 million, and commercial real estate loans, which rose to $394.3 million. However, the company experienced an increase in net loan charge-offs, which totaled $2.7 million in 2025, compared to $183,000 in 2024, primarily due to a single commercial credit charge-off.
Looking ahead, Landmark Bancorp remains optimistic about its growth prospects, emphasizing its commitment to maintaining high asset quality while expanding its commercial, commercial real estate, and agriculture loan portfolios. The company is also focused on managing its credit risk and ensuring compliance with regulatory capital requirements, having reported a leverage ratio of 9.67% and a total risk-based capital ratio of 13.96% as of December 31, 2025, both well above the minimum regulatory thresholds. The company’s strategic initiatives and strong capital position are expected to support its continued growth and profitability in the future.
About LANDMARK BANCORP INC
Landmark Bancorp, Inc. is a Delaware-based financial holding company owning Landmark National Bank and a captive insurance subsidiary. It provides banking services including commercial, real estate, agricultural, and consumer loans across Kansas and Missouri. The company focuses on deposit growth, loan diversification, and regulatory compliance, leveraging its community bank model, regional presence, and competitive interest rates to serve small- and medium-sized businesses and individuals.
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