Landmark Bancorp Inc (NASDAQ: LARK) is a community banking company that operates through its bank subsidiary, accepting deposits and originating loans across its market area. It earns money primarily through net interest income, the spread between interest earned on loans and interest paid on deposits. The loan portfolio, as of December 31, 2025, is concentrated in commercial real estate (CRE) at approximately 35.5% of total loans, with construction and land loans comprising approximately 1.8% of total loans. The bank competes against a broad field including large national and regional banks, local community banks, credit unions, mortgage companies, insurance companies, fintech companies, and digital asset service providers, many of which hold greater financial and technological resources. Landmark's strategy centers on community-based banking, relying on management teams with local market knowledge for deposit gathering, loan origination, and branch operations, including an office in Iola, Kansas, located on a CERCLA-designated Superfund site.

Revenue model

Net interest income from the spread between loan yields and deposit costs, consistent with a traditional community bank transactional model.

Products and services

Commercial real estate loans (approximately 35.5% of total loans as of December 31, 2025), construction and land loans (approximately 1.8% of total loans as of December 31, 2025), deposit accounts, online banking, mobile banking.

Customers and end markets

Retail and commercial borrowers and depositors within the bank's local community market area. End markets include commercial real estate development and residential construction.

Value-chain role

Community bank: deposit-taking, loan origination, and local financial services intermediary.

Geographic exposure

Local community market area including Iola, Kansas, based on branch references in the 10-K filed 2026-04-14.

Competitors

Large national banks, Regional banks, Local community banks, Savings and loan associations, Credit unions, Mortgage companies, Insurance companies, Finance companies, Securities and brokerage companies, Money market mutual funds, Fintech companies, Digital asset service providers

Source: SEC 10-K, filed 2026-04-14

Industry: National Commercial Banks Peers: Avidbank Holdings Inc Citizens Community Bancorp Inc COMMUNITY WEST BANCSHARES / Eagle Financial Services Inc First Community Corp (South Carolina) First Keystone Corp Pathfinder Bancorp Inc (MARYLAND) PNC Financial Services Group Inc