$LARK
Landmark Bancorp Inc

2021 Form 10-K Financial Statement

#000149315222007428 Filed on March 22, 2022

View on sec.gov

Income Statement

Concept 2021 2020 2019
Revenue $39.83M $39.25M
YoY Change 1.46%
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 $2.600M $2.590M $2.230M
YoY Change 0.39% 16.14% 5.19%
% of Gross Profit
Operating Expenses
YoY Change
Operating Profit
YoY Change
Interest Expense $1.506M $2.769M
YoY Change -45.61%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income $22.83M $24.28M $12.12M
YoY Change -5.97% 100.33% 4.57%
Income Tax $4.810M $4.790M $1.450M
% Of Pretax Income 21.07% 19.73% 11.96%
Net Earnings $18.01M $19.49M $10.66M
YoY Change -7.59% 82.83% 2.21%
Net Earnings / Revenue 45.22% 49.65%
Basic Earnings Per Share $3.61 $3.91 $2.11
Diluted Earnings Per Share $3.60 $3.91 $2.10
COMMON SHARES
Basic Shares Outstanding 5.244B shares 5.237B shares
Diluted Shares Outstanding 5.257B shares 5.241B shares

Balance Sheet

Concept 2021 2020 2019
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents
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 $20.80M $20.50M $21.10M
YoY Change 1.46% -2.84% 0.0%
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 $1.329B $1.188B $998.5M
YoY Change 11.87% 18.98% 1.29%
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 $29.10M $28.00M $39.20M
YoY Change 3.93% -28.57% 6.23%
Other Long-Term Liabilities $15.80M $17.30M $12.60M
YoY Change -8.67% 37.3% -5.26%
Total Long-Term Liabilities $44.90M $45.30M $51.80M
YoY Change -0.88% -12.55% 3.19%
TOTAL LIABILITIES
Total Short-Term Liabilities
Total Long-Term Liabilities $44.90M $45.30M $51.80M
Total Liabilities $1.193B $1.061B $889.9M
YoY Change 12.43% 19.27% -0.45%
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 $135.6M $126.7M $108.6M
YoY Change
Total Liabilities & Shareholders Equity $1.329B $1.188B $998.5M
YoY Change 11.87% 18.98% 1.29%

Cashflow Statement

Concept 2021 2020 2019
OPERATING ACTIVITIES
Net Income $18.01M $19.49M $10.66M
YoY Change -7.59% 82.83% 2.21%
Depreciation, Depletion And Amortization $2.600M $2.590M $2.230M
YoY Change 0.39% 16.14% 5.19%
Cash From Operating Activities $31.16M $14.81M $9.110M
YoY Change 110.4% 62.57% -57.11%
INVESTING ACTIVITIES
Capital Expenditures -$1.320M -$360.0K -$1.040M
YoY Change 266.67% -65.38% -20.61%
Acquisitions
YoY Change
Other Investing Activities -$55.13M -$104.2M -$6.720M
YoY Change -47.09% 1450.45% -89.31%
Cash From Investing Activities -$56.45M -$104.6M -$7.760M
YoY Change -46.01% 1247.29% -87.9%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $0.00 $0.00
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 129.7M 160.9M -6.770M
YoY Change -19.38% -2476.07% -114.9%
NET CHANGE
Cash From Operating Activities 31.16M 14.81M 9.110M
Cash From Investing Activities -56.45M -104.6M -7.760M
Cash From Financing Activities 129.7M 160.9M -6.770M
Net Change In Cash 104.4M 71.12M -5.420M
YoY Change 46.79% -1412.18% -313.39%
FREE CASH FLOW
Cash From Operating Activities $31.16M $14.81M $9.110M
Capital Expenditures -$1.320M -$360.0K -$1.040M
Free Cash Flow $32.48M $15.17M $10.15M
YoY Change 114.11% 49.46% -54.99%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2021 dei Auditor Firm
AuditorFirmId
173
CY2020Q4 us-gaap Preferred Stock Value
PreferredStockValue
USD
CY2019 us-gaap Stock Issued During Period Value Restricted Stock Award Gross
StockIssuedDuringPeriodValueRestrictedStockAwardGross
USD
CY2019 LARK Stock Issued During Period Value Stock Dividend2
StockIssuedDuringPeriodValueStockDividend2
USD
CY2020 us-gaap Stock Issued During Period Value Restricted Stock Award Gross
StockIssuedDuringPeriodValueRestrictedStockAwardGross
USD
CY2020 LARK Stock Issued During Period Value Stock Dividend2
StockIssuedDuringPeriodValueStockDividend2
USD
CY2021 us-gaap Stock Issued During Period Value Restricted Stock Award Gross
StockIssuedDuringPeriodValueRestrictedStockAwardGross
USD
CY2021 us-gaap Stock Issued During Period Value Restricted Stock Award Gross
StockIssuedDuringPeriodValueRestrictedStockAwardGross
USD
CY2021 LARK Stock Issued During Period Value Stock Dividend2
StockIssuedDuringPeriodValueStockDividend2
USD
CY2021 LARK Stock Issued During Period Value Stock Dividend2
StockIssuedDuringPeriodValueStockDividend2
USD
CY2021 us-gaap Proceeds From Insurance Settlement Investing Activities
ProceedsFromInsuranceSettlementInvestingActivities
USD
CY2020 us-gaap Proceeds From Insurance Settlement Investing Activities
ProceedsFromInsuranceSettlementInvestingActivities
USD
CY2020 LARK Payments To Acquire Bank Owned Life Insurance
PaymentsToAcquireBankOwnedLifeInsurance
USD
CY2019 LARK Payments To Acquire Bank Owned Life Insurance
PaymentsToAcquireBankOwnedLifeInsurance
USD
CY2021 us-gaap Proceeds From Federal Home Loan Bank Borrowings
ProceedsFromFederalHomeLoanBankBorrowings
USD
CY2021 us-gaap Repayments Of Federal Home Loan Bank Borrowings
RepaymentsOfFederalHomeLoanBankBorrowings
USD
CY2021 us-gaap Repayments Of Other Debt
RepaymentsOfOtherDebt
USD
CY2019 us-gaap Repayments Of Other Debt
RepaymentsOfOtherDebt
USD
CY2021 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
USD
CY2019 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
USD
CY2020 LARK Operating Lease Asset And Related Lease Liability Recorded
OperatingLeaseAssetAndRelatedLeaseLiabilityRecorded
USD
CY2020Q4 LARK Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer Fair Value
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLongerFairValue
USD
CY2020Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLonger
USD
CY2021 LARK Available For Saleof Securities Gross Realized Losses
AvailableForSaleofSecuritiesGrossRealizedLosses
USD
CY2019 LARK Effective Income Tax Rate Reconciliation Stock Option Exercise
EffectiveIncomeTaxRateReconciliationStockOptionExercise
USD
CY2019 us-gaap Employee Service Share Based Compensation Tax Benefit From Exercise Of Stock Options
EmployeeServiceShareBasedCompensationTaxBenefitFromExerciseOfStockOptions
USD
CY2021 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
3.61
CY2020 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
3.91
CY2019 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
2.11
CY2021 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
3.60
CY2020 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
3.91
CY2019 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
2.10
CY2019 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
3508000 USD
CY2019 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
36000 USD
CY2020 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
3633000 USD
CY2020 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
42000 USD
CY2021 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
3818000 USD
CY2021 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
22000 USD
CY2021 LARK Loan Servicing Fees
LoanServicingFees
1780000 USD
CY2020 LARK Loan Servicing Fees
LoanServicingFees
1534000 USD
CY2019 LARK Loan Servicing Fees
LoanServicingFees
1367000 USD
CY2021 LARK Office Lease Income
OfficeLeaseIncome
574000 USD
CY2020 LARK Office Lease Income
OfficeLeaseIncome
652000 USD
CY2019 LARK Office Lease Income
OfficeLeaseIncome
642000 USD
CY2021 us-gaap Gain Loss On Sales Of Loans Net
GainLossOnSalesOfLoansNet
10487000 USD
CY2020 us-gaap Gain Loss On Sales Of Loans Net
GainLossOnSalesOfLoansNet
15155000 USD
CY2019 us-gaap Gain Loss On Sales Of Loans Net
GainLossOnSalesOfLoansNet
6353000 USD
CY2021 us-gaap Bank Owned Life Insurance Income
BankOwnedLifeInsuranceIncome
686000 USD
CY2020 us-gaap Bank Owned Life Insurance Income
BankOwnedLifeInsuranceIncome
611000 USD
CY2019 us-gaap Bank Owned Life Insurance Income
BankOwnedLifeInsuranceIncome
752000 USD
CY2021 us-gaap Gain Loss On Derivative Instruments Net Pretax
GainLossOnDerivativeInstrumentsNetPretax
1138000 USD
CY2020 us-gaap Gain Loss On Derivative Instruments Net Pretax
GainLossOnDerivativeInstrumentsNetPretax
2448000 USD
CY2019 us-gaap Gain Loss On Derivative Instruments Net Pretax
GainLossOnDerivativeInstrumentsNetPretax
-177000 USD

Files In Submission

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