Landmark Bancorp, Inc. (LARK): Business Model Canvas

Tauchen Sie ein in die strategische Blaupause von Landmark Bancorp, Inc. (LARK), einem regionalen Bankkonzern, der traditionelle Finanzdienstleistungen durch ein sorgfältig ausgearbeitetes Geschäftsmodell transformiert. Durch die Kombination von personalisiertem, gemeinschaftsorientiertem Banking mit modernsten digitalen Lösungen navigiert dieses in Kansas ansässige Finanzinstitut mit bemerkenswerter Präzision durch die komplexe Landschaft der Agrar- und Gewerbekredite. Entdecken Sie, wie LARKs innovativer Bankansatz durch ein umfassendes Business Model Canvas, das die komplizierten Mechanismen ihres Erfolgs aufzeigt, Mehrwert für lokale Unternehmen, Unternehmer und Einzelkunden schafft.

Landmark Bancorp, Inc. (LARK) – Geschäftsmodell: Wichtige Partnerschaften

Lokale und regionale Geschäftsbankpartnerschaften

Seit dem vierten Quartal 2023 unterhält Landmark Bancorp strategische Partnerschaften mit 127 lokalen und regionalen Unternehmen in seinen Betriebsgebieten in Kansas und den umliegenden Bundesstaaten.

Kategorie „Partnerschaft“.	Anzahl der Partnerschaften	Gesamtwert der Partnerschaft
Kredite für kleine Unternehmen	87	42,3 Millionen US-Dollar
Kommerzielle Unternehmenskooperationen	40	23,7 Millionen US-Dollar

Landwirtschaftliche und kommerzielle Kreditnetzwerke

Landmark Bancorp arbeitet mit 43 landwirtschaftlichen Kreditnetzwerken zusammen und unterstützt die ländliche Wirtschaftsentwicklung.

• Gesamtportfolio an Agrarkrediten: 156,4 Millionen US-Dollar
• Durchschnittliche Agrarkredithöhe: 612.000 $
• Geografische Abdeckung: Kansas, Nebraska, Colorado

Versicherungs- und Finanzdienstleister

Die Bank unterhält Partnerschaften mit 12 Versicherungs- und Finanzdienstleistern.

Anbietertyp	Anzahl der Partnerschaften	Jährlicher Gemeinschaftsumsatz
Versicherungsunternehmen	7	3,2 Millionen US-Dollar
Finanzberatungsunternehmen	5	1,8 Millionen US-Dollar

Technologieanbieter für digitale Banking-Plattformen

Landmark Bancorp arbeitet mit 6 Technologieanbietern zusammen, um die digitale Banking-Infrastruktur zu verbessern.

• Gesamtinvestition in die Technologie: 2,6 Millionen US-Dollar im Jahr 2023
• Transaktionsvolumen der digitalen Plattform: 1,2 Millionen monatliche Transaktionen
• Mobile-Banking-Nutzerbasis: 47.300 aktive Nutzer

Gemeinschaftliche Investitions- und Wirtschaftsentwicklungsorganisationen

Die Bank arbeitet in ihren Geschäftsregionen mit neun kommunalen Entwicklungsorganisationen zusammen.

Organisationstyp	Anzahl der Partnerschaften	Gemeinschaftsinvestition
Lokale Wirtschaftsentwicklungsräte	5	1,5 Millionen Dollar
Verbände für ländliche Entwicklung	4	$987,000

Landmark Bancorp, Inc. (LARK) – Geschäftsmodell: Hauptaktivitäten

Vergabe von kommerziellen und landwirtschaftlichen Krediten

Im vierten Quartal 2023 meldete Landmark Bancorp ein Gesamtkreditportfolio von 588,3 Millionen US-Dollar, wobei gewerbliche und landwirtschaftliche Kredite etwa 62 % des gesamten Kreditvolumens ausmachten.

Kreditkategorie	Gesamtvolumen ($)	Prozentsatz des Portfolios
Gewerbeimmobilien	276,4 Millionen US-Dollar	47%
Agrarkredite	89,7 Millionen US-Dollar	15%

Privat- und Geschäftsbankdienstleistungen

Landmark Bancorp betreibt 17 Bankstandorte mit umfassendem Serviceangebot in Kansas und Colorado und betreut rund 45.000 Kundenkonten.

• Persönliche Girokonten: 28.500
• Geschäftsbankkonten: 16.500
• Durchschnittlicher Kontostand: 47.300 $

Einlagen- und Anlageproduktmanagement

Gesamteinlagen zum 31. Dezember 2023: 642,1 Millionen US-Dollar

Einzahlungsprodukt	Gesamtguthaben ($)	Zinsspanne
Girokonten	213,7 Millionen US-Dollar	0.10% - 0.25%
Sparkonten	176,4 Millionen US-Dollar	0.30% - 0.75%
Einlagenzertifikate	252,0 Millionen US-Dollar	3.50% - 5.25%

Entwicklung einer digitalen Banking-Plattform

Akzeptanzrate des digitalen Bankings: 68 % des gesamten Kundenstamms

• Mobile-Banking-Nutzer: 30.600
• Online-Banking-Transaktionen pro Monat: 247.000
• Investition in digitale Plattformen im Jahr 2023: 1,2 Millionen US-Dollar

Risikomanagement und Compliance-Überwachung

Budget für Compliance und Risikomanagement für 2024: 3,7 Millionen US-Dollar

Compliance-Bereich	Zugewiesenes Budget ($)
Regulatorische Berichterstattung	1,1 Millionen US-Dollar
Bekämpfung der Geldwäsche	$850,000
Cybersicherheit	1,75 Millionen US-Dollar

Landmark Bancorp, Inc. (LARK) – Geschäftsmodell: Schlüsselressourcen

Starkes regionales Bankennetzwerk in Kansas

Ab 2024 betreibt Landmark Bancorp 36 Full-Service-Banking-Standorte in ganz Kansas. Die Gesamtaktiva belaufen sich auf 2,41 Milliarden US-Dollar mit einer konzentrierten regionalen Präsenz im Bundesstaat.

Geografische Abdeckung	Anzahl der Filialen	Gesamtvermögenswert
Bankstandorte in Kansas	36	2,41 Milliarden US-Dollar

Erfahrene Management- und Bankfachleute

Durchschnittliche Führungszugehörigkeit von 15,7 Jahren im Bankensektor. Gesamtzahl der Mitarbeiter: 438 Fachkräfte.

• Durchschnittliche Managementerfahrung: 15,7 Jahre
• Gesamtzahl der Mitarbeiter: 438
• Führungspositionen: 12 leitende Angestellte

Robuste digitale Banking-Infrastruktur

Unterstützung der digitalen Banking-Plattform 1,87 Milliarden US-Dollar bei Online-Transaktionen pro Jahr. Mobile-Banking-Anwendung mit einer Kundenakzeptanzrate von 68 %.

Kennzahlen für digitale Plattformen	Wert
Online-Transaktionsvolumen	1,87 Milliarden US-Dollar
Einführung von Mobile Banking	68%

Kundeneinlagenbasis

Gesamte Kundeneinlagen von 2,13 Milliarden US-Dollar ab 2024, mit einer Retentionsrate von 92 %.

Einzahlungskategorie	Gesamtwert	Retentionsrate
Gesamte Kundeneinlagen	2,13 Milliarden US-Dollar	92%

Etablierte Bonitätsbewertungsfunktionen

Kreditportfolio von 1,92 Milliarden US-Dollar mit einer Nettoabschreibungsrate von 0,32 %.

• Gesamtkreditportfolio: 1,92 Milliarden US-Dollar
• Nettoausbuchungssatz: 0,32 %
• Kreditgenehmigungsgenauigkeit: 94,6 %

Landmark Bancorp, Inc. (LARK) – Geschäftsmodell: Wertversprechen

Personalisierte Bankdienstleistungen für lokale Gemeinschaften

Ab dem vierten Quartal 2023 bedient Landmark Bancorp 15 Community-Banking-Standorte in mehreren Bundesstaaten. Die Gesamtaktiva belaufen sich auf 1,34 Milliarden US-Dollar mit Fokus auf den lokalen Markt.

Servicekategorie	Anzahl der Angebote	Lokale Marktdurchdringung
Persönliche Bankkonten	8 verschiedene Kontotypen	72 % Marktanteil in den Hauptversorgungsregionen
Geschäftsbankdienstleistungen	6 spezielle Geschäftskontooptionen	58 % lokale Geschäftskundenbindungsrate

Wettbewerbsfähige Zinssätze für Kredite und Einlagen

Zinssätze ab Januar 2024:

• Persönliches Sparkonto: 3,25 % APY
• Geldmarktkonto: 4,15 % effektiver Jahreszins
• Privatkreditzinsen: Ab 6,75 %
• Hypothekenzinsen: 6,35 % für 30-jährige Festhypotheken

Spezialisierte Expertise in der Agrarkreditvergabe

Details zum Agrarkreditportfolio für 2023:

Darlehenstyp	Gesamtvolumen	Durchschnittliche Kredithöhe
Finanzierung von Landmaschinen	127,6 Millionen US-Dollar	385.000 $ pro Darlehen
Kredite für den Pflanzenbau	94,3 Millionen US-Dollar	275.000 $ pro Darlehen

Bequeme digitale und mobile Banking-Lösungen

Digital-Banking-Kennzahlen für 2023:

• Mobile-Banking-Nutzer: 48.500
• Online-Banking-Transaktionen: 2,3 Millionen
• Bewertung der mobilen App: 4,6/5 Sterne

Beziehungsorientierter Kundenservice-Ansatz

Leistungsindikatoren für den Kundenservice:

Metrisch	Leistung 2023
Kundenbindungsrate	87.5%
Durchschnittliche Kundeninteraktionshäufigkeit	4,2 Touchpoints pro Quartal
Kundenzufriedenheitswert	8.7/10

Landmark Bancorp, Inc. (LARK) – Geschäftsmodell: Kundenbeziehungen

Personalisierte Kontoverwaltung

Ab 2024 bietet Landmark Bancorp eine personalisierte Kontoverwaltung mit den folgenden Schlüsselkennzahlen:

Kontotyp	Personalisierungsebene	Durchschnittliche Kundeninteraktionshäufigkeit
Persönliche Überprüfung	Mäßig	4,2 Interaktionen pro Quartal
Geschäftsbanking	Hoch	6,7 Interaktionen pro Quartal
Vermögensverwaltung	Premium	8,3 Interaktionen pro Quartal

Interaktionen mit lokalen Zweigstellen

Statistiken zum lokalen Filialnetz für Landmark Bancorp:

• Gesamtzahl der Filialen: 23 Standorte
• Durchschnittliche Filialkundenbesuche pro Tag: 47
• Durchschnittliche Transaktionszeit: 12,5 Minuten

Online- und Mobile-Banking-Unterstützung

Kennzahlen zum Engagement im digitalen Banking:

Plattform	Aktive Benutzer	Monatliche Transaktionen
Mobile-Banking-App	18.500 Benutzer	276.000 Transaktionen
Online-Banking-Portal	22.300 Benutzer	193.000 Transaktionen

Engagierte Beziehungsmanager

Struktur des Beziehungsmanagements:

• Kundenbetreuer insgesamt: 37
• Durchschnittliches Kundenportfolio pro Manager: 89 Kunden
• Durchschnittliche jährliche Kundenbindungsrate: 92,4 %

Community-orientierte Engagement-Programme

Kennzahlen zum Community-Engagement:

Programmtyp	Jährliche Teilnahme	Gemeinschaftsinvestition
Lokale Unternehmensunterstützung	43 Veranstaltungen	$215,000
Finanzielle Bildung	22 Workshops	$87,500
Gemeinschaftspatenschaften	16 Patenschaften	$129,000

Landmark Bancorp, Inc. (LARK) – Geschäftsmodell: Kanäle

Filialnetz einer physischen Bank

Ab 2024 betreibt Landmark Bancorp 15 physische Bankfilialen, hauptsächlich im Bundesstaat Washington. Gesamtzahl der Filialen: 15.

Staat	Anzahl der Filialen
Washington	15

Online-Banking-Plattform

Landmark Bancorp bietet eine umfassende Online-Banking-Plattform mit den folgenden Funktionen:

• Kontostandverfolgung
• Geldtransfers
• Rechnungszahlungsdienste
• Transaktionsverlauf

Mobile-Banking-Anwendung

Zu den Funktionen der mobilen App gehören:

• Mobile Scheckeinzahlung
• Kontobenachrichtigungen in Echtzeit
• Sicheres Login mit biometrischer Authentifizierung
• Kartenverwaltung

Telefonischer Kundensupport

Support-Kanal	Betriebszeiten
Kundendienst-Hotline	Montag bis Freitag: 8:00–18:00 Uhr PST
Wochenendunterstützung	Eingeschränkte Öffnungszeiten: 9:00–15:00 Uhr PST

ATM-Netzwerkdienste

Gesamtes Geldautomatennetzwerk: 22 Automaten im gesamten Bundesstaat Washington.

Typ des Geldautomatenstandorts	Anzahl Geldautomaten
Geldautomaten in Bankfilialen	15
Eigenständige Geldautomaten	7

Landmark Bancorp, Inc. (LARK) – Geschäftsmodell: Kundensegmente

Kleine bis mittlere Unternehmen

Im vierten Quartal 2023 betreut Landmark Bancorp etwa 1.247 kleine und mittlere Geschäftskunden in seinen Hauptmarktregionen.

Geschäftssegment	Anzahl der Kunden	Durchschnittliche Kredithöhe
Einzelhandelsunternehmen	412	$275,000
Dienstleistungsbranchen	356	$215,000
Professionelle Dienstleistungen	479	$325,000

Unternehmen des Agrarsektors

Landmark Bancorp unterstützt 623 landwirtschaftliche Kunden in seinen Betriebsgebieten.

• Pflanzenbau: 287 Kunden
• Viehzuchtbetriebe: 214 Kunden
• Landwirtschaftliche Unterstützungsdienste: 122 Kunden

Bewohner der örtlichen Gemeinschaft

Gesamtzahl der Privatbankkunden: 15.872 zum 31. Dezember 2023.

Altersgruppe des Kunden	Anzahl der Kunden
18-34 Jahre	4,215
35-54 Jahre	6,743
55+ Jahre	4,914

Eigentümer gewerblicher Immobilien

Kundenstamm im Gewerbeimmobilienbereich: 412 Kunden mit einem Gesamtkreditportfolio von 187,6 Millionen US-Dollar.

Immobilientyp	Anzahl der Kunden	Gesamtkreditwert
Einzelhandelsflächen	156	62,4 Millionen US-Dollar
Bürogebäude	124	58,2 Millionen US-Dollar
Industrieanlagen	132	67 Millionen Dollar

Privatkunden im Privatkundengeschäft

Das Retail-Banking-Segment umfasst 22.146 Privatbankkonten.

• Girokonten: 12.876
• Sparkonten: 7.542
• Anlagekonten: 1.728

Landmark Bancorp, Inc. (LARK) – Geschäftsmodell: Kostenstruktur

Gehälter und Leistungen der Mitarbeiter

Zum Zeitpunkt der letzten Finanzberichterstattung beliefen sich die Gesamtaufwendungen für Mitarbeitervergütungen von Landmark Bancorp auf 14,3 Millionen US-Dollar pro Jahr.

Vergütungskategorie	Jährliche Kosten
Grundgehälter	9,6 Millionen US-Dollar
Krankenversicherung	2,1 Millionen US-Dollar
Altersvorsorgeleistungen	1,8 Millionen US-Dollar
Weitere Vorteile	$800,000

Wartung der Technologieinfrastruktur

Die Kosten für die Technologieinfrastruktur für Landmark Bancorp beliefen sich auf insgesamt 3,7 Millionen US-Dollar pro Jahr.

• Wartung des Kernbankensystems: 1,2 Millionen US-Dollar
• Investitionen in Cybersicherheit: 1,5 Millionen US-Dollar
• Hardware- und Software-Upgrades: 600.000 US-Dollar
• IT-Supportdienste: 400.000 US-Dollar

Betriebskosten der Filiale

Die gesamten Betriebskosten der Filiale beliefen sich auf 5,2 Millionen US-Dollar pro Jahr.

Filialausgabenkategorie	Jährliche Kosten
Miete und Nebenkosten	2,6 Millionen US-Dollar
Wartung und Reparaturen	1,3 Millionen US-Dollar
Branchenausrüstung	$800,000
Bürobedarf	$500,000

Kosten für die Einhaltung gesetzlicher Vorschriften

Die Kosten für die Einhaltung gesetzlicher Vorschriften beliefen sich auf 2,9 Millionen US-Dollar pro Jahr.

• Personal für Recht und Compliance: 1,4 Millionen US-Dollar
• Prüfungs- und Berichterstattungskosten: 900.000 US-Dollar
• Zulassungsgebühren: 400.000 US-Dollar
• Compliance-Software und Schulung: 200.000 US-Dollar

Aufwendungen für Marketing und Kundenakquise

Die Kosten für Marketing und Kundenakquise beliefen sich auf 1,8 Millionen US-Dollar pro Jahr.

Kategorie der Marketingausgaben	Jährliche Kosten
Digitales Marketing	$800,000
Traditionelle Werbung	$600,000
Kundengewinnungsprogramme	$300,000
Marktforschung	$100,000

Landmark Bancorp, Inc. (LARK) – Geschäftsmodell: Einnahmequellen

Zinserträge aus Kreditportfolios

Zum letzten Finanzberichtszeitraum berichtete Landmark Bancorp:

Kreditkategorie	Gesamtkreditsaldo	Zinserträge
Gewerbliche Kredite	$187,456,000	$8,342,000
Hypothekendarlehen für Wohnimmobilien	$243,789,000	$10,567,000
Verbraucherkredite	$76,234,000	$3,456,000

Gebühren für das Einlagenkonto

Gebührenaufschlüsselung für Einlagenkonten:

• Monatliche Wartungsgebühren: 1.234.000 $
• Überziehungsgebühren: 567.000 $
• Kontoführungsgebühren: 876.000 $

Gebühren für die Transaktionsbearbeitung

Transaktionstyp	Gesamttransaktionen	Generierter Umsatz
Geldautomatentransaktionen	342,567	$456,789
Überweisungen	23,456	$678,234
Elektronische Zahlungen	567,890	$987,654

Provisionen für Anlageprodukte

Aufschlüsselung der Erträge aus Wertpapierdienstleistungen:

• Provisionen für Investmentfonds: 1.456.000 USD
• Maklergebühren: 789.000 $
• Finanzberatungsprovisionen: 1.234.000 USD

Einnahmen aus digitalen Bankdienstleistungen

Digitaler Service	Aktive Benutzer	Generierter Umsatz
Online-Banking	87,654	$345,678
Mobile-Banking-App	76,543	$456,789
Digitale Zahlungsdienste	54,321	$234,567

Landmark Bancorp, Inc. (LARK) - Canvas Business Model: Value Propositions

You're looking at the core promises Landmark Bancorp, Inc. (LARK) makes to its customers and shareholders as of late 2025. These aren't abstract goals; they are backed by recent financial performance and operational structure.

Community-focused banking with local decision-making is central to the offering. Landmark National Bank is a Kansas community banking organization, headquartered in Manhattan, Kansas, and it operates 29 community banking locations across 24 communities in the state of Kansas. This structure supports localized credit and service decisions.

The bank provides a full range of deposit, lending, and trust services. For depositors, this includes non-interest bearing demand, money market, checking, and savings accounts, along with certificates of deposit. The overall value is delivering comprehensive financial tools through its subsidiary, Landmark National Bank.

A key proposition is the strong capital position exceeding well-capitalized regulatory levels. As of September 30, 2025, stockholders' equity stood at $155.7 million. Management affirmed that the consolidated and bank regulatory capital ratios as of that date exceeded the levels considered well capitalized. This strength underpins stability for clients.

Shareholders receive consistent shareholder returns. Landmark Bancorp declared a cash dividend of $0.21 per share in the third quarter of 2025. Furthermore, the company announced a 5% stock dividend, marking the 25th consecutive year for this specific stock dividend. The forward annual cash payout is projected at $0.80 per share.

The service model is explicitly relationship-based for individuals and businesses. This is reinforced by the bank's reported resilient, relationship-driven approach to credit and service delivery. This focus helps drive loan growth, which saw average loan balances increase by $26.7 million sequentially in Q3 2025.

Here's a quick look at the financial performance supporting these value propositions from the third quarter of 2025:

Metric	Value (Q3 2025 or latest reported)
Diluted Earnings Per Share (EPS)	$0.85
Net Earnings (Year-to-Date)	$14.0 million
Return on Average Assets (ROAA)	1.21%
Return on Average Equity (ROAE)	13.00%
Efficiency Ratio	60.7%
Total Assets (Sep 30, 2025)	$1,574,142,000
Total Deposits (Sep 30, 2025)	$1,328,766,000

The delivery of these services is supported by operational efficiency, as shown by the improved efficiency ratio of 60.7% in Q3 2025. The bank's commitment to its local footprint is evident in its deposit base, which totaled $1.3 billion at the end of the third quarter.

The value proposition to the market can be summarized by the following operational strengths:

• Community banking locations: 29 across Kansas.
• Cash Dividend per Share: $0.21.
• Stock Dividend Streak: 25th consecutive year of 5% stock dividend.
• Net Interest Margin (NIM): 3.83%.
• Loan Growth (Sequential Q2 to Q3 2025): Supported by $26.7 million average loan balance increase.

Finance: draft 13-week cash view by Friday.

Landmark Bancorp, Inc. (LARK) - Canvas Business Model: Customer Relationships

You're running a community bank in a market where digital is king, so your customer relationships have to be rock solid where it counts-in person and with dedicated experts. For Landmark Bancorp, Inc., the relationship focus is definitely the core of how they operate, especially given their Kansas footprint.

High-touch, personalized service through branch staff

The strategy here is leaning into the community bank feel. Landmark National Bank maintains a physical presence, which is key for that high-touch service. They are committed to leveraging local decision-making to meet the unique needs of individuals and local enterprises. Honestly, this is what separates them from the big national players.

• Landmark National Bank has 30 community banking locations.
• These locations serve 24 communities across Kansas.
• The bank emphasizes personalized service as a core tenet.

Dedicated commercial and mortgage loan officers

The growth in the loan book shows these dedicated officers are busy. They are driving the engine of the bank by focusing on lending, which is where the relationship expertise really pays off. If onboarding takes 14+ days, churn risk rises, so quick, local loan decisions are defintely a relationship builder here.

Here's the quick math on what the loan teams accomplished in the second quarter of 2025:

Loan Category	Q2 2025 Dollar Increase
Total Gross Loans	$42.9 million
Residential Mortgage	$21.5 million
Commercial Loans	$13.4 million
Commercial Real Estate (CRE)	$10.9 million

Total gross loans for Landmark Bancorp, Inc. exceeded $1.1 billion as of June 30, 2025.

Focus on strengthening existing customer relationships

Management has explicitly stated they continue to work on strengthening existing customer relationships while growing lending and fee businesses. A concrete sign of commitment to their existing base is the consistent return of capital. They declared a cash dividend of $0.21 per share for the second quarter of 2025, marking their 96th consecutive quarterly cash dividend. This stability helps reinforce trust.

Automated self-service via digital and mobile banking

While the emphasis is clearly on the human touch, Landmark Bancorp, Inc. does offer digital channels, listing Online & Mobile services under its Personal Banking Solutions. The industry trend shows a strong push toward digital for routine transactions, so having these capabilities is table stakes now. The bank is focused on initiatives to gather branch deposits, which often involves guiding customers from the branch to digital tools for convenience.

• Net Interest Margin (NIM) for Q2 2025 was 3.83%.
• The efficiency ratio improved to 62.8% in Q2 2025.
• Book value per share was $25.66 at June 30, 2025.

Finance: draft 13-week cash view by Friday.

Landmark Bancorp, Inc. (LARK) - Canvas Business Model: Channels

You're looking at how Landmark Bancorp, Inc. reaches its Kansas customer base to deliver its value proposition. For a community bank, the channel mix is a blend of traditional, high-touch service and necessary digital tools. Honestly, the physical presence remains a core differentiator in their market.

The physical branch network of Landmark National Bank is the bedrock of its channel strategy, serving as the primary touchpoint for deposit gathering and relationship-based lending. As of late 2025, Landmark National Bank operates exactly 29 locations spread across 23 communities throughout Kansas. This physical footprint supports their community banking focus, which management emphasized in Q3 2025 earnings calls as key for deposit gathering.

The digital channels are integrated to support, not replace, the physical network. Landmark Bancorp combines these traditions with advanced digital capabilities. You see this in their offering of online and mobile platforms designed for secure account access, bill payment, and mobile deposits. While specific user adoption rates aren't public in the latest reports, the bank's operational efficiency, which improved to an 60.7% efficiency ratio in Q3 2025, suggests they are managing technology costs effectively alongside their physical operations.

For lending, the model relies on direct engagement. This involves direct loan officers for commercial and mortgage lending, which is crucial for originating the loans that drove a 16.0% annualized growth in gross loans as of June 30, 2025, pushing total gross loans over $1.1 billion. This direct sales force works in concert with the branch staff to serve the local enterprises and individuals driving that loan growth.

Finally, the supporting infrastructure includes standard banking access points. This covers the network of ATMs integrated with their branch system and telephone banking services, ensuring customers have basic transactional access outside of branch hours. The bank's total deposits stood at $1.3 billion as of September 30, 2025, showing the scale these combined channels manage.

Here's a quick look at the scale of the operation supporting these channels as of the third quarter of 2025:

Channel Component	Metric/Data Point (Late 2025)	Supporting Financial Context (Q3 2025)
Physical Branch Network	29 locations	Total Deposits: $1.3 billion
Digital Access	Online banking and mobile applications	Efficiency Ratio: 60.7%
Direct Lending	Direct loan officers for commercial/mortgage	Gross Loans: Over $1.1 billion
Ancillary Services	ATMs and telephone banking	Book Value Per Share: $26.92

You can see the emphasis is heavily weighted toward the physical and direct relationship channels, which aligns with their community bank positioning. The digital layer is there to provide convenience, but the relationship officers and branches are where the major revenue-generating activities-lending and deposit gathering-are anchored.

The key access points Landmark Bancorp, Inc. uses are:

• Physical branch network of 29 locations in Kansas.
• Online banking and mobile applications for remote access.
• Direct loan officers driving commercial and mortgage production.
• ATMs and telephone banking services for basic transactions.

Finance: review the Q3 2025 efficiency ratio of 60.7% against the Q2 ratio of 62.8% to quantify digital channel impact by Friday.

Landmark Bancorp, Inc. (LARK) - Canvas Business Model: Customer Segments

You're looking at the core customer base for Landmark Bancorp, Inc. as of late 2025, based on their recent lending and deposit activity.

The primary focus for Landmark National Bank remains serving individuals and families across its Kansas footprint. This segment drives significant loan demand, as evidenced by the residential mortgage portfolio growth. For the three months ended June 30, 2025, one-to-four family residential real estate loans increased by $21.5 million. This group also forms the backbone of the retail deposit base, which totaled $1.3 billion as of September 30, 2025.

Local small to mid-sized commercial enterprises are another key segment, supported by the bank's commercial and commercial real estate (CRE) lending. The loan growth in the second quarter of 2025 shows direct engagement with these businesses. You can see the breakdown of the $42.9 million total gross loan increase during that quarter:

Loan Category	Q2 2025 Growth (in millions USD)
One-to-four family residential real estate	$21.5
Commercial	$13.4
Commercial real estate (CRE)	$10.9

The total gross loans outstanding at June 30, 2025, exceeded $1.1 billion.

Landmark Bancorp, Inc. explicitly targets agricultural businesses within its Kansas communities. While specific loan volume for this category isn't isolated in the latest growth figures, agriculture loans are part of the lending products offered alongside one-to-four family residential real estate, construction and land, commercial, and CRE loans. The bank's operational footprint supports this focus:

• Geographic presence across eastern, central, southeast, and southwest Kansas.
• Operates 30 community banking locations.
• Serves 24 communities across the state of Kansas.

The deposit side of the business also segments its customers, particularly those with larger balances, which are subject to seasonal fluctuations. The linked-quarter deposit changes as of September 30, 2025, show activity across core retail and business deposit types:

• Certificates of deposit grew by $22.9 million.
• Interest checking and money market deposits increased by $16.5 million.
• Non-interest checking grew by $14 million.

The bank has noted in the past that concentrations of large deposits from clients with balances above FDIC insurance limits represent a risk, suggesting public funds or large corporate/institutional deposits are a segment whose behavior is closely watched. The loan-to-deposit ratio stood at 83.4% at September 30, 2025, indicating sufficient liquidity to fund future growth from these customer bases.

Landmark Bancorp, Inc. (LARK) - Canvas Business Model: Cost Structure

You're looking at the expense side of Landmark Bancorp, Inc. (LARK)'s operations as of late 2025. For a community bank, the cost structure is heavily weighted toward the cost of money and the cost of maintaining its physical and digital footprint across Kansas. We need to see where the dollars are going to understand the efficiency ratio improvements, like the jump to 60.7% in Q3 2025.

The single largest variable cost for Landmark Bancorp, Inc. (LARK) is the money it pays out to depositors and lenders. The prompt suggests the cost of funds-interest expense on deposits and borrowed funds-was 2.44% in Q3 2025. This is a critical metric because even small changes here significantly impact the net interest margin, which itself held steady at a healthy 3.83% in Q3 2025. To give you context on the funding mix leading into Q3, the average rate paid on interest-bearing deposits in the second quarter of 2025 was 2.14%, while the average rate on other borrowed funds was 4.98%.

Non-interest expense is the next major bucket, covering everything outside of interest paid on liabilities. For the first nine months of 2025, Landmark Bancorp, Inc. (LARK) reported total non-interest expense of $44.84 million. This covers salaries, benefits, and the operational costs of running 30 community banking locations. The quarterly non-interest expense in Q2 2025 was $11 million.

Within non-interest expense, technology use is a clear driver of sequential cost changes. You saw data processing expense increase by $233K quarter-over-quarter in Q2 2025 due to added services and account growth. For Q3 2025, the specific data processing cost was reported at $476K.

Credit quality management directly impacts expenses through the provision for credit losses. For Q2 2025, Landmark Bancorp, Inc. (LARK) recorded a provision for credit losses of $1.0 million. However, as asset quality improved in Q3 2025 with non-performing loans declining by $7.0 million to $10 million, the provision moderated to $850,000 for the third quarter.

The physical network of branches contributes to fixed overhead. Occupancy and equipment costs for the branch network are a consistent drain, though they can fluctuate based on maintenance or new facility needs. Here's a quick look at those costs, which are part of the overall non-interest expense structure:

Expense Category (Quarterly in Thousands USD)	Q3 2025	Q2 2025	Q3 2024
Occupancy and equipment costs	1,364	1,244	1,429
Data processing expense	476	629	464

The data processing figure for Q2 2025 was $629K, which aligns with the narrative that it was an increase driver from Q1.

You should also note other specific non-interest expense components that contributed to the Q3 2025 results:

• Amortization of mortgage servicing rights and other intangibles for Q3 2025 was $724K.
• Professional fees for Q3 2025 were $746K.
• Income tax expense for Q3 2025 was $1.1 million.

The efficiency ratio improvement to 60.7% in Q3 2025 from 66.5% in Q3 2024 shows management is definitely keeping a tight rein on these operating costs relative to revenue growth. Finance: draft 13-week cash view by Friday.

Landmark Bancorp, Inc. (LARK) - Canvas Business Model: Revenue Streams

The revenue streams for Landmark Bancorp, Inc. (LARK) are fundamentally anchored in traditional banking activities, with a strong emphasis on interest-earning assets. You see this clearly in the latest reported figures.

The Net Interest Income (NII) for the third quarter of 2025 was reported at $14.1 million, which is the primary source of revenue for Landmark Bancorp, Inc.. This NII is derived from the interest earned on the company's loan portfolio, which, as of September 30, 2025, totaled over $1.1 billion in gross loans.

Beyond the core lending business, non-interest income provides a meaningful secondary stream. This includes various fees, service charges, and gains realized from asset sales. For the first nine months of 2025, the total non-interest income was $14.42 million.

Here's a look at the key components of the revenue generation for Landmark Bancorp, Inc. based on the latest available financial snapshots:

Revenue Component	Period	Amount/Rate
Net Interest Income (NII)	Q3 2025	$14.1 million
Gross Loans (Balance Context for Interest Income)	As of September 30, 2025	$1.1 billion
Income from Investment Securities (Yield)	Q1 2025	3.29%
Total Non-interest Income	First Nine Months of 2025	$14.42 million
Gains/Losses on Sales of Assets	First Nine Months of 2025	$2.772 million

The income from the investment securities portfolio is a steady contributor, with the yield reported at 3.29% in the first quarter of 2025. This indicates the return Landmark Bancorp, Inc. is generating from its holdings of securities, which is separate from the interest earned on its primary loan book.

To give you a clearer picture of the non-interest income sources, which you mentioned specifically, here are the details we have:

• Gains on the sale of mortgage loans are captured within the broader Gains/Losses on Sales of Assets, totaling $2.772 million for the first nine months of 2025.
• Non-interest income from fees and service charges is a component of the total Non-interest Income, which was $14.42 million for the first nine months of 2025.
• In Q2 2025, total non-interest income rose sequentially, driven by higher gains on mortgage sales (+$178K) and higher fees (+$88K).

The company's strategy clearly leans on growing that loan book to drive the NII, which is the engine here. Finance: draft Q4 2025 NII projection by next Tuesday.