Landmark Bancorp Inc (LARK) - Net Assets
Based on the latest financial reports, Landmark Bancorp Inc (LARK) has net assets worth $161.61 Million USD as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($1.61 Billion) and total liabilities ($1.44 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Also explore LARK asset base for the complete picture of this company's asset base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $161.61 Million |
| % of Total Assets | 10.06% |
| Annual Growth Rate | 4.89% |
| 5-Year Change | 18.42% |
| 10-Year Change | 89.09% |
| Growth Volatility | 14.95 |
Landmark Bancorp Inc - Net Assets Trend (1994–2025)
This chart illustrates how Landmark Bancorp Inc's net assets have evolved over time, based on quarterly financial data. Check LARK goodwill-adjusted equity ratio to evaluate the tangible quality of the company's equity base.
Annual Net Assets for Landmark Bancorp Inc (1994–2025)
The table below shows the annual net assets of Landmark Bancorp Inc from 1994 to 2025. For live valuation and market cap data, see Landmark Bancorp Inc (LARK) market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $160.63 Million | +17.92% |
| 2024-12-31 | $136.22 Million | +7.33% |
| 2023-12-31 | $126.91 Million | +13.89% |
| 2022-12-31 | $111.43 Million | -17.85% |
| 2021-12-31 | $135.64 Million | +7.08% |
| 2020-12-31 | $126.67 Million | +16.63% |
| 2019-12-31 | $108.61 Million | +18.18% |
| 2018-12-31 | $91.90 Million | +4.88% |
| 2017-12-31 | $87.62 Million | +3.14% |
| 2016-12-31 | $84.95 Million | +5.44% |
| 2015-12-31 | $80.57 Million | +12.46% |
| 2014-12-31 | $71.64 Million | +14.28% |
| 2013-12-31 | $62.69 Million | -1.01% |
| 2012-12-31 | $63.33 Million | +7.13% |
| 2011-12-31 | $59.12 Million | +9.85% |
| 2010-12-31 | $53.82 Million | -0.14% |
| 2009-12-31 | $53.90 Million | +4.84% |
| 2008-12-31 | $51.41 Million | -1.70% |
| 2007-12-31 | $52.30 Million | +6.21% |
| 2006-12-31 | $49.24 Million | +11.71% |
| 2005-12-31 | $44.07 Million | +4.52% |
| 2004-12-31 | $42.17 Million | -0.95% |
| 2003-12-31 | $42.57 Million | +3.65% |
| 2002-12-31 | $41.07 Million | +2.16% |
| 2001-12-31 | $40.20 Million | +70.34% |
| 2000-12-31 | $23.60 Million | +3.98% |
| 1999-12-31 | $22.70 Million | -9.20% |
| 1998-12-31 | $25.00 Million | -22.36% |
| 1997-12-31 | $32.20 Million | -0.62% |
| 1996-12-31 | $32.40 Million | -6.63% |
| 1995-12-31 | $34.70 Million | -5.19% |
| 1994-12-31 | $36.60 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Landmark Bancorp Inc's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 281.2% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $63.66 Million | 39.63% |
| Common Stock | $61.00K | 0.04% |
| Other Comprehensive Income | $-5.68 Million | -3.54% |
| Other Components | $102.60 Million | 63.87% |
| Total Equity | $160.63 Million | 100.00% |
Landmark Bancorp Inc Competitors by Market Cap
The table below lists competitors of Landmark Bancorp Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Superkrane Mitra Utama Tbk PT
JK:SKRN
|
$171.01 Million |
|
United Security Bancshares
NASDAQ:UBFO
|
$171.01 Million |
|
Bank Agris Tbk
JK:AGRS
|
$171.08 Million |
|
Goodway Machine Corp
TW:1583
|
$171.13 Million |
|
Shuttle Inc
TW:2405
|
$170.95 Million |
|
Pt Pakuan Tbk
JK:UANG
|
$170.87 Million |
|
Newmax Technology Co Ltd
TWO:3630
|
$170.80 Million |
|
SANIONA AB (PUBL)
F:30S
|
$170.61 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Landmark Bancorp Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 136,215,000 to 160,631,000, a change of 24,416,000 (17.9%).
- Net income of 18,775,000 contributed positively to equity growth.
- Dividend payments of 4,861,000 reduced retained earnings.
- Other comprehensive income increased equity by 10,143,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $18.77 Million | +11.69% |
| Dividends Paid | $4.86 Million | -3.03% |
| Other Comprehensive Income | $10.14 Million | +6.31% |
| Other Changes | $359.00K | +0.22% |
| Total Change | $- | 17.92% |
Book Value vs Market Value Analysis
This analysis compares Landmark Bancorp Inc's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 1.19x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 6.32x to 1.19x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1994-12-31 | $4.96 | $31.34 | x |
| 1995-12-31 | $3.69 | $31.34 | x |
| 1996-12-31 | $5.41 | $31.34 | x |
| 1997-12-31 | $6.29 | $31.34 | x |
| 1998-12-31 | $5.83 | $31.34 | x |
| 1999-12-31 | $6.64 | $31.34 | x |
| 2000-12-31 | $5.96 | $31.34 | x |
| 2001-12-31 | $10.36 | $31.34 | x |
| 2002-12-31 | $6.23 | $31.34 | x |
| 2003-12-31 | $7.18 | $31.34 | x |
| 2004-12-31 | $6.92 | $31.34 | x |
| 2005-12-31 | $7.43 | $31.34 | x |
| 2006-12-31 | $8.31 | $31.34 | x |
| 2007-12-31 | $9.29 | $31.34 | x |
| 2008-12-31 | $9.77 | $31.34 | x |
| 2009-12-31 | $10.39 | $31.34 | x |
| 2010-12-31 | $10.34 | $31.34 | x |
| 2011-12-31 | $11.29 | $31.34 | x |
| 2012-12-31 | $11.97 | $31.34 | x |
| 2013-12-31 | $11.71 | $31.34 | x |
| 2014-12-31 | $13.00 | $31.34 | x |
| 2015-12-31 | $14.38 | $31.34 | x |
| 2016-12-31 | $14.85 | $31.34 | x |
| 2017-12-31 | $15.06 | $31.34 | x |
| 2018-12-31 | $15.71 | $31.34 | x |
| 2019-12-31 | $19.40 | $31.34 | x |
| 2020-12-31 | $23.02 | $31.34 | x |
| 2021-12-31 | $24.57 | $31.34 | x |
| 2022-12-31 | $19.27 | $31.34 | x |
| 2023-12-31 | $22.05 | $31.34 | x |
| 2024-12-31 | $23.63 | $31.34 | x |
| 2025-12-31 | $26.25 | $31.34 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Landmark Bancorp Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 11.69%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 19.56%
- • Asset Turnover: 0.06x
- • Equity Multiplier: 10.00x
- Recent ROE (11.69%) is above the historical average (9.23%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1994 | 4.37% | 14.29% | 0.06x | 5.16x | $-2.06 Million |
| 1995 | 5.19% | 12.50% | 0.07x | 6.01x | $-1.67 Million |
| 1996 | 4.32% | 9.15% | 0.07x | 6.60x | $-1.84 Million |
| 1997 | 7.76% | 14.12% | 0.08x | 7.08x | $-720.00K |
| 1998 | 9.60% | 13.04% | 0.08x | 9.02x | $-100.00K |
| 1999 | 10.57% | 12.86% | 0.08x | 10.81x | $130.00K |
| 2000 | 10.10% | 12.41% | 0.08x | 9.69x | $23.04K |
| 2001 | 6.19% | 13.25% | 0.05x | 8.70x | $-1.53 Million |
| 2002 | 11.15% | 19.55% | 0.07x | 8.31x | $470.51K |
| 2003 | 11.40% | 21.80% | 0.07x | 7.85x | $594.49K |
| 2004 | 10.08% | 16.95% | 0.06x | 10.48x | $33.86K |
| 2005 | 8.84% | 14.34% | 0.06x | 10.55x | $-510.14K |
| 2006 | 12.21% | 26.37% | 0.04x | 11.99x | $1.09 Million |
| 2007 | 10.33% | 13.03% | 0.07x | 11.60x | $172.46K |
| 2008 | 8.86% | 11.62% | 0.07x | 11.71x | $-587.60K |
| 2009 | 6.07% | 9.16% | 0.06x | 10.84x | $-2.12 Million |
| 2010 | 3.80% | 6.07% | 0.06x | 10.43x | $-3.34 Million |
| 2011 | 7.58% | 14.19% | 0.05x | 10.12x | $-1.43 Million |
| 2012 | 10.05% | 18.46% | 0.06x | 9.70x | $33.70K |
| 2013 | 7.43% | 14.18% | 0.04x | 13.21x | $-1.61 Million |
| 2014 | 11.23% | 18.75% | 0.05x | 12.05x | $884.50K |
| 2015 | 13.04% | 22.84% | 0.05x | 10.90x | $2.45 Million |
| 2016 | 10.55% | 20.33% | 0.05x | 10.73x | $465.90K |
| 2017 | 4.99% | 11.84% | 0.04x | 10.61x | $-4.39 Million |
| 2018 | 11.34% | 21.40% | 0.05x | 10.73x | $1.24 Million |
| 2019 | 9.82% | 20.15% | 0.05x | 9.19x | $-198.70K |
| 2020 | 15.39% | 29.26% | 0.06x | 9.38x | $6.83 Million |
| 2021 | 13.28% | 29.01% | 0.05x | 9.80x | $4.45 Million |
| 2022 | 8.86% | 17.35% | 0.04x | 13.49x | $-1.27 Million |
| 2023 | 9.64% | 18.92% | 0.04x | 12.30x | $-455.40K |
| 2024 | 9.55% | 14.67% | 0.06x | 11.56x | $-618.50K |
| 2025 | 11.69% | 19.56% | 0.06x | 10.00x | $2.71 Million |
Industry Comparison
This section compares Landmark Bancorp Inc's net assets metrics with peer companies in the Banks - Regional industry.
Industry Context
- Industry: Banks - Regional
- Average net assets among peers: $2,529,438,500
- Average return on equity (ROE) among peers: 7.29%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Landmark Bancorp Inc (LARK) | $161.61 Million | 4.37% | 8.94x | $170.98 Million |
| Ameris Bancorp (ABCB) | $279.02 Million | 5.17% | 9.82x | $4.95 Billion |
| Ameris Bancorp (ABCB) | $19.89 Billion | 1.32% | 0.03x | $5.85 Billion |
| ACNB Corporation (ACNB) | $106.80 Million | 8.72% | 8.79x | $483.21 Million |
| Affinity Bancshares Inc (AFBI) | $43.92 Million | 3.67% | 4.15x | $137.20 Million |
| Alerus Financial Corp (ALRS) | $141.28 Million | 11.51% | 8.36x | $775.72 Million |
| Amalgamated Bank (AMAL) | $707.65 Million | 15.04% | 10.67x | $1.27 Billion |
| Amerant Bancorp Inc. (AMTB) | $704.74 Million | 3.35% | 10.97x | $979.96 Million |
| Arrow Financial Corporation (AROW) | $213.97 Million | 11.53% | 10.43x | $658.52 Million |
| Associated Banc-Corp (ASB) | $3.09 Billion | 6.48% | 8.43x | $5.45 Billion |
| AmeriServ Financial Inc (ASRV) | $116.55 Million | 6.07% | 10.46x | $62.43 Million |
About Landmark Bancorp Inc
Landmark Bancorp, Inc. operates as the financial holding company for Landmark National Bank that provides various financial and banking services to its local communities. It offers non-interest bearing demand, money market, checking, and savings accounts, as well as time deposits, certificates of deposit, and treasury management services. The company also provides one-to-four family residential r… Read more