Landmark Bancorp is the holding company for Landmark National Bank, a community bank headquartered in Manhattan, Kansas. The Bank operates 29 branches across 23 communities in Kansas, with a loan production office in Kansas City, Missouri, and holds approximately $1.6B in total assets. Landmark serves individuals and owner-operated businesses — from family farms to small and mid-sized businesses — emphasizing relationship banking over transactional lending. The Bank's loan portfolio is concentrated in CRE (~36% of gross loans) and one-to-four family residential real estate (~34%), followed by commercial (~16%) and agricultural (~9%) loans. On the funding side, Landmark relies primarily on core deposits, which represent ~92% of total deposits, including a meaningful share of non-interest-bearing demand deposits (~26% of total). Landmark earns revenue primarily through net interest income, driven by the spread between loan and investment yields and its low-cost deposit base. Mortgage banking adds supplemental fee income, with fixed-rate residential loans sold into the secondary market and variable-rate loans retained in portfolio. The Bank's geographic footprint spans four regions of Kansas — central, eastern, southeast, and southwest — providing exposure to a mix of state government and university employment, Kansas City metro real estate growth, and agricultural and energy activity. Landmark's growth strategy centers on organic loan growth, deepening deposit relationships, and repositioning its investment portfolio into higher-yielding loans.
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