2021 Q3 Form 10-Q Financial Statement
#000149315221028087 Filed on November 12, 2021
Income Statement
| Concept | 2021 Q3 | 2020 Q3 |
|---|---|---|
| Revenue | $9.991M | |
| YoY Change | ||
| Cost Of Revenue | ||
| YoY Change | ||
| Gross Profit | ||
| YoY Change | ||
| Gross Profit Margin | ||
| Selling, General & Admin | ||
| YoY Change | ||
| % of Gross Profit | ||
| Research & Development | ||
| YoY Change | ||
| % of Gross Profit | ||
| Depreciation & Amortization | $630.0K | $710.0K |
| YoY Change | -11.27% | 20.34% |
| % of Gross Profit | ||
| Operating Expenses | ||
| YoY Change | ||
| Operating Profit | ||
| YoY Change | ||
| Interest Expense | $378.0K | |
| YoY Change | ||
| % of Operating Profit | ||
| Other Income/Expense, Net | ||
| YoY Change | ||
| Pretax Income | $5.640M | $6.910M |
| YoY Change | -18.38% | 115.94% |
| Income Tax | $1.120M | $1.480M |
| % Of Pretax Income | 19.86% | 21.42% |
| Net Earnings | $4.520M | $5.430M |
| YoY Change | -16.76% | 108.05% |
| Net Earnings / Revenue | 45.24% | |
| Basic Earnings Per Share | $0.95 | $1.21 |
| Diluted Earnings Per Share | $0.95 | $1.20 |
| COMMON SHARES | ||
| Basic Shares Outstanding | 4.758B shares | 4.730B shares |
| Diluted Shares Outstanding | 4.772B shares | 4.748B shares |
Balance Sheet
| Concept | 2021 Q3 | 2020 Q3 |
|---|---|---|
| SHORT-TERM ASSETS | ||
| Cash & Short-Term Investments | ||
| YoY Change | ||
| Cash & Equivalents | $117.3M | |
| Short-Term Investments | ||
| Other Short-Term Assets | ||
| YoY Change | ||
| Inventory | ||
| Prepaid Expenses | ||
| Receivables | ||
| Other Receivables | ||
| Total Short-Term Assets | ||
| YoY Change | ||
| LONG-TERM ASSETS | ||
| Property, Plant & Equipment | $20.40M | $20.60M |
| YoY Change | -0.97% | -3.29% |
| Goodwill | ||
| YoY Change | ||
| Intangibles | ||
| YoY Change | ||
| Long-Term Investments | ||
| YoY Change | ||
| Other Assets | ||
| YoY Change | ||
| Total Long-Term Assets | ||
| YoY Change | ||
| TOTAL ASSETS | ||
| Total Short-Term Assets | ||
| Total Long-Term Assets | ||
| Total Assets | $1.255B | $1.149B |
| YoY Change | 9.19% | 13.9% |
| SHORT-TERM LIABILITIES | ||
| YoY Change | ||
| Accounts Payable | ||
| YoY Change | ||
| Accrued Expenses | ||
| YoY Change | ||
| Deferred Revenue | ||
| YoY Change | ||
| Short-Term Debt | ||
| YoY Change | ||
| Long-Term Debt Due | ||
| YoY Change | ||
| Total Short-Term Liabilities | ||
| YoY Change | ||
| LONG-TERM LIABILITIES | ||
| Long-Term Debt | $27.90M | $30.10M |
| YoY Change | -7.31% | -20.58% |
| Other Long-Term Liabilities | $24.60M | $19.00M |
| YoY Change | 29.47% | 37.68% |
| Total Long-Term Liabilities | $52.50M | $49.10M |
| YoY Change | 6.92% | -5.03% |
| TOTAL LIABILITIES | ||
| Total Short-Term Liabilities | ||
| Total Long-Term Liabilities | $52.50M | $49.10M |
| Total Liabilities | $1.119B | $1.027B |
| YoY Change | 8.96% | 13.78% |
| SHAREHOLDERS EQUITY | ||
| Retained Earnings | ||
| YoY Change | ||
| Common Stock | ||
| YoY Change | ||
| Preferred Stock | ||
| YoY Change | ||
| Treasury Stock (at cost) | ||
| YoY Change | ||
| Treasury Stock Shares | ||
| Shareholders Equity | $135.4M | $121.9M |
| YoY Change | ||
| Total Liabilities & Shareholders Equity | $1.255B | $1.149B |
| YoY Change | 9.19% | 13.9% |
Cashflow Statement
| Concept | 2021 Q3 | 2020 Q3 |
|---|---|---|
| OPERATING ACTIVITIES | ||
| Net Income | $4.520M | $5.430M |
| YoY Change | -16.76% | 108.05% |
| Depreciation, Depletion And Amortization | $630.0K | $710.0K |
| YoY Change | -11.27% | 20.34% |
| Cash From Operating Activities | $11.50M | $8.880M |
| YoY Change | 29.5% | 110.43% |
| INVESTING ACTIVITIES | ||
| Capital Expenditures | -$480.0K | -$20.00K |
| YoY Change | 2300.0% | -93.1% |
| Acquisitions | ||
| YoY Change | ||
| Other Investing Activities | -$14.38M | -$34.34M |
| YoY Change | -58.12% | -1122.02% |
| Cash From Investing Activities | -$14.86M | -$34.36M |
| YoY Change | -56.75% | -1215.58% |
| FINANCING ACTIVITIES | ||
| Cash Dividend Paid | ||
| YoY Change | ||
| Common Stock Issuance & Retirement, Net | ||
| YoY Change | ||
| Debt Paid & Issued, Net | ||
| YoY Change | ||
| Cash From Financing Activities | -10.34M | 23.11M |
| YoY Change | -144.74% | 15306.67% |
| NET CHANGE | ||
| Cash From Operating Activities | 11.50M | 8.880M |
| Cash From Investing Activities | -14.86M | -34.36M |
| Cash From Financing Activities | -10.34M | 23.11M |
| Net Change In Cash | -13.70M | -2.370M |
| YoY Change | 478.06% | -131.81% |
| FREE CASH FLOW | ||
| Cash From Operating Activities | $11.50M | $8.880M |
| Capital Expenditures | -$480.0K | -$20.00K |
| Free Cash Flow | $11.98M | $8.900M |
| YoY Change | 34.61% | 97.34% |
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
| CY2021Q3 | us-gaap |
Preferred Stock Value
PreferredStockValue
|
USD | |
| CY2021Q3 | us-gaap |
Provision For Loan Losses Expensed
ProvisionForLoanLossesExpensed
|
USD | |
| CY2020Q3 | us-gaap |
Stock Issued During Period Value Restricted Stock Award Gross
StockIssuedDuringPeriodValueRestrictedStockAwardGross
|
USD | |
| CY2021Q3 | us-gaap |
Stock Issued During Period Value Restricted Stock Award Gross
StockIssuedDuringPeriodValueRestrictedStockAwardGross
|
USD | |
| CY2021Q3 | us-gaap |
Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
|
USD | |
| us-gaap |
Stock Issued During Period Value Restricted Stock Award Gross
StockIssuedDuringPeriodValueRestrictedStockAwardGross
|
USD | ||
| us-gaap |
Stock Issued During Period Value Restricted Stock Award Gross
StockIssuedDuringPeriodValueRestrictedStockAwardGross
|
USD | ||
| us-gaap |
Proceeds From Other Debt
ProceedsFromOtherDebt
|
USD | ||
| us-gaap |
Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
|
USD | ||
| LARK |
Investment Securities Purchases Not Yet Settled
InvestmentSecuritiesPurchasesNotYetSettled
|
USD | ||
| LARK |
Operating Lease Asset And Related Lease Liability Recorded
OperatingLeaseAssetAndRelatedLeaseLiabilityRecorded
|
USD | ||
| CY2020Q4 | LARK |
Available For Sale Of Securities Continuous Unrealized Loss Position Twelve Months Or Longer Fair Value
AvailableForSaleOfSecuritiesContinuousUnrealizedLossPositionTwelveMonthsOrLongerFairValue
|
USD | |
| us-gaap |
Proceeds From Federal Home Loan Bank Borrowings
ProceedsFromFederalHomeLoanBankBorrowings
|
USD | ||
| us-gaap |
Repayments Of Federal Home Loan Bank Borrowings
RepaymentsOfFederalHomeLoanBankBorrowings
|
USD | ||
| CY2020Q4 | LARK |
Available For Sale Of Securities Continuous Unrealized Loss Position12 Months Or Longer Accumulated Loss
AvailableForSaleOfSecuritiesContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss
|
USD | |
| CY2021Q3 | LARK |
Available For Saleof Securities Gross Realized Losses
AvailableForSaleofSecuritiesGrossRealizedLosses
|
USD | |
| CY2020Q3 | LARK |
Available For Saleof Securities Gross Realized Losses
AvailableForSaleofSecuritiesGrossRealizedLosses
|
USD | |
| LARK |
Available For Saleof Securities Gross Realized Losses
AvailableForSaleofSecuritiesGrossRealizedLosses
|
USD | ||
| CY2021Q3 | us-gaap |
Provision For Loan And Lease Losses
ProvisionForLoanAndLeaseLosses
|
USD | |
| CY2021Q3 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.95 | |
| CY2021Q3 | us-gaap |
Commitments And Contingencies
CommitmentsAndContingencies
|
USD | |
| CY2021Q3 | LARK |
Dividends Amount Per Share
DividendsAmountPerShare
|
0.20 | |
| CY2021Q3 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
4758494000 | shares |
| CY2020Q3 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
4730201000 | shares |
| us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
4756008000 | shares | |
| us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
4753107000 | shares | |
| CY2021Q3 | us-gaap |
Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
|
13861000 | shares |
| CY2020Q3 | us-gaap |
Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
|
17889000 | shares |
| us-gaap |
Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
|
9340000 | shares | |
| us-gaap |
Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
|
18762000 | shares | |
| CY2021Q3 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
4772355000 | shares |
| CY2020Q3 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
4748090000 | shares |
| us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
4765348000 | shares | |
| us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
4771869000 | shares | |
| CY2021Q3 | LARK |
Loan Servicing Fees
LoanServicingFees
|
452000 | USD |
| CY2020Q3 | LARK |
Loan Servicing Fees
LoanServicingFees
|
391000 | USD |
| LARK |
Loan Servicing Fees
LoanServicingFees
|
1325000 | USD | |
| LARK |
Loan Servicing Fees
LoanServicingFees
|
1115000 | USD | |
| CY2021Q3 | us-gaap |
Lease Income
LeaseIncome
|
165000 | USD |
| CY2020Q3 | us-gaap |
Lease Income
LeaseIncome
|
164000 | USD |
| us-gaap |
Lease Income
LeaseIncome
|
496000 | USD | |
| us-gaap |
Lease Income
LeaseIncome
|
488000 | USD | |
| CY2021Q3 | us-gaap |
Gain Loss On Sales Of Loans Net
GainLossOnSalesOfLoansNet
|
2660000 | USD |
| CY2020Q3 | us-gaap |
Gain Loss On Sales Of Loans Net
GainLossOnSalesOfLoansNet
|
4944000 | USD |
| us-gaap |
Gain Loss On Sales Of Loans Net
GainLossOnSalesOfLoansNet
|
8664000 | USD | |
| us-gaap |
Gain Loss On Sales Of Loans Net
GainLossOnSalesOfLoansNet
|
10961000 | USD | |
| CY2021Q3 | us-gaap |
Bank Owned Life Insurance Income
BankOwnedLifeInsuranceIncome
|
193000 | USD |
| CY2020Q3 | us-gaap |
Bank Owned Life Insurance Income
BankOwnedLifeInsuranceIncome
|
152000 | USD |
| us-gaap |
Bank Owned Life Insurance Income
BankOwnedLifeInsuranceIncome
|
494000 | USD | |
| us-gaap |
Bank Owned Life Insurance Income
BankOwnedLifeInsuranceIncome
|
460000 | USD | |
| CY2021Q3 | us-gaap |
Gain Loss On Derivative Instruments Net Pretax
GainLossOnDerivativeInstrumentsNetPretax
|
30000 | USD |
| CY2020Q3 | us-gaap |
Gain Loss On Derivative Instruments Net Pretax
GainLossOnDerivativeInstrumentsNetPretax
|
678000 | USD |
| us-gaap |
Gain Loss On Derivative Instruments Net Pretax
GainLossOnDerivativeInstrumentsNetPretax
|
1138000 | USD | |
| us-gaap |
Gain Loss On Derivative Instruments Net Pretax
GainLossOnDerivativeInstrumentsNetPretax
|
2448000 | USD |
