Landmark Bancorp, Inc. (LARK) Balance Sheet
LARK balance sheet, 2025
December 31, 2025 · U.S. dollars$1.61B assets = $1.45B liabilities + $160.6M equity
Both columns are drawn to the same scale: what LARK owns equals what it owes plus shareholders’ equity. Hover a block for its value.
LARK financial health
Descriptive bands, not a rating. Fiscal 2025.
LARK balance sheet trends, 2016–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $911.4M2016 | $1.61B2025 | +6.5%/yr | |
| Total liabilities | $826.4M2016 | $1.45B2025 | +6.4%/yr | |
| Shareholders’ equity | $85.0M2016 | $160.6M2025 | +7.3%/yr | |
| Cash & short-term investments | $405.6M2016 | $369.1M2025 | −1.0%/yr | |
| Total debt | $72.9M2016 | $33.7M2025 | −8.2%/yr | |
| Net cash (debt) | $332.7M2016 | $335.4M2025 | +$2.7M | |
| Working capital | −$335.0M2016 | $2.9M2025 | +$337.9M | |
| Book value per share | $14.852016 | $26.252025 | +6.5%/yr | |
| Debt / equity | 0.862016 | 0.212025 | −0.65 | |
| Shares outstanding | 5.7M2016 | 6.1M2025 | +0.8%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
LARK assets
LARK liabilities and equity
LARK debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
LARK balance sheet
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | $369.1M | $59.7M | $484.8M | $521.5M | $577.3M | $382.1M | $376.7M | $407.5M | $404.6M | $405.6M |
| Cash & equivalents | $21.0M | $24.4M | $32.0M | $32.2M | $196.6M | $84.8M | $13.7M | $19.1M | $16.6M | $20.0M |
| Short-term investments | $348.2M | $35.3M | $452.8M | $489.3M | $380.7M | $297.3M | $363.0M | $388.3M | $388.0M | $385.6M |
| Receivables | $0 | $0 | $29.0M | $26.1M | $13.5M | $14.0M | $11.4M | $13.3M | $13.0M | $13.0M |
| Inventory | $0 | $0 | −$1.9M | −$65.1M | −$203.5M | −$91.5M | −$18.5M | $35,000 | $436,000 | $1.3M |
| Other current assets | $0 | $0 | $1.9M | $65.1M | $203.5M | $91.5M | $18.5M | $0 | $0 | $0 |
| Total current assets | $369.1M | $59.7M | $513.8M | $547.6M | $590.8M | $396.1M | $388.1M | $420.8M | $417.6M | $418.6M |
| Property, plant & equipment (net) | $19.3M | $20.2M | $19.7M | $24.3M | $20.8M | $20.5M | $21.1M | $21.1M | $20.8M | $20.4M |
| Goodwill & intangible assets | $34.4M | $38.0M | $38.8M | $40.0M | $21.8M | $21.5M | $20.4M | $20.6M | $21.2M | $21.5M |
| Long-term investments | $357.7M | $382.8M | $464.4M | $498.3M | $383.6M | $301.7M | $904.0M | $393.1M | $440.3M | $426.0M |
| Other non-current assets | $826.1M | $1.07B | $525.0M | $392.6M | $312.0M | $448.2M | $0 | $130.1M | $29.6M | $24.9M |
| Total assets | $1.61B | $1.57B | $1.56B | $1.50B | $1.33B | $1.19B | $998.5M | $985.8M | $929.5M | $911.4M |
| Liabilities | ||||||||||
| Accounts payable | — | — | — | $22.5M | $15.8M | $17.3M | $12.6M | $13.3M | $9.7M | $12.0M |
| Short-term debt | $1.5M | $13.8M | $12.7M | $38.4M | $7.4M | $6.4M | $17.5M | $15.2M | $13.5M | $12.5M |
| Deferred revenue | — | — | — | −$15.9M | $8.4M | $10.9M | −$4.9M | −$1.9M | −$3.8M | −$440,000 |
| Total current liabilities | $366.2M | $1.34B | $1.33B | $1.32B | $15.8M | $17.3M | $12.6M | $852.2M | $788.7M | $753.6M |
| Long-term debt | $32.2M | $74.7M | $99.0M | $68.3M | $29.1M | $28.0M | $39.2M | $36.9M | $35.0M | $33.8M |
| Other long-term liabilities | $1.05B | $20.7M | $6.8M | $0 | $0 | $0 | $3.0M | $4.8M | $18.1M | $39.1M |
| Total liabilities | $1.45B | $1.44B | $1.43B | $1.39B | $1.19B | $1.06B | $889.9M | $893.9M | $841.8M | $826.4M |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | $61,000 | $58,000 | $55,000 | $52,000 | $50,000 | $48,000 | $46,000 | $44,000 | $41,000 | $38,000 |
| Retained earnings (deficit) | $63.7M | $56.9M | $54.3M | $52.2M | $52.6M | $44.9M | $34.3M | $32.1M | $30.2M | $34.3M |
| Treasury stock | — | — | — | — | — | — | — | — | $0 | $0 |
| Accumulated other comprehensive income | −$5.7M | −$15.8M | −$16.6M | −$25.1M | $3.9M | $9.4M | $5.2M | −$4.0M | −$405,000 | −$1.3M |
| Minority interest | — | — | — | — | — | — | — | — | $0 | $0 |
| Total shareholders' equity | $160.6M | $136.2M | $126.9M | $111.4M | $135.6M | $126.7M | $108.6M | $91.9M | $87.6M | $85.0M |
| Key figures | ||||||||||
| Total debt | $33.7M | $88.5M | $99.0M | $68.3M | $36.5M | $34.4M | $56.7M | $56.9M | $66.6M | $72.9M |
| Net cash (debt) | $335.4M | −$28.9M | $385.8M | $453.3M | $540.9M | $347.7M | $319.9M | $350.6M | $338.0M | $332.7M |
| Working capital | $2.9M | −$1.28B | −$815.2M | −$775.5M | $575.0M | $378.8M | $375.5M | −$431.5M | −$371.1M | −$335.0M |
| Tangible book value | $126.3M | $98.2M | $88.1M | $71.4M | $113.8M | $105.2M | $88.2M | $71.3M | $66.4M | $63.4M |
| Book value per share | $26.25 | $23.63 | $22.05 | $19.27 | $24.57 | $23.02 | $19.40 | $15.71 | $15.06 | $14.85 |
| Shares outstanding | 6.1M | 5.8M | 5.8M | 5.8M | 5.5M | 5.5M | 5.6M | 5.9M | 5.8M | 5.7M |
| Current ratio | 1.01 | 0.04 | 0.39 | 0.41 | 37.41 | 22.89 | 30.77 | 0.49 | 0.53 | 0.56 |
| Quick ratio | 1.01 | 0.04 | 0.39 | 0.41 | 37.41 | 22.89 | 30.77 | 0.49 | 0.53 | 0.56 |
| Debt / equity | 0.21 | 0.65 | 0.78 | 0.61 | 0.27 | 0.27 | 0.52 | 0.62 | 0.76 | 0.86 |
| Equity / assets | 10.0% | 8.7% | 8.1% | 7.4% | 10.2% | 10.7% | 10.9% | 9.3% | 9.4% | 9.3% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||||
| Cash & short-term investments | $367.1M | $373.9M | $369.1M | $59.7M | $58.9M | $54.7M | $59.7M | $436.6M | $449.2M | $458.7M | $484.8M | $486.6M |
| Cash & equivalents | $26.3M | $31.9M | $21.0M | $27.2M | $28.5M | $25.9M | $24.4M | $25.6M | $28.8M | $21.4M | $32.0M | $29.7M |
| Short-term investments | $340.8M | $342.1M | $348.2M | $32.6M | $30.4M | $28.8M | $35.3M | $411.0M | $420.5M | $437.3M | $452.8M | $456.9M |
| Receivables | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $29.7M | $29.0M | $29.5M |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | −$46.2M | −$508.9M | −$67.3M |
| Other current assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $46.2M | $508.9M | $67.3M |
| Total current assets | $367.1M | $373.9M | $369.1M | $59.7M | $58.9M | $54.7M | $59.7M | $436.6M | $449.2M | $488.3M | $513.8M | $516.0M |
| Property, plant & equipment (net) | $18.9M | $19.1M | $19.3M | $19.4M | $19.7M | $19.9M | $20.2M | $21.0M | $21.0M | $20.7M | $19.7M | $23.9M |
| Goodwill & intangible assets | $34.1M | $34.2M | $34.4M | $37.6M | $37.7M | $37.8M | $38.0M | $38.1M | $38.3M | $38.4M | $38.8M | $39.2M |
| Long-term investments | $352.7M | $353.0M | $357.7M | $361.8M | $367.1M | $365.9M | $382.8M | $422.5M | $433.7M | $448.7M | $464.4M | $468.4M |
| Other non-current assets | $833.7M | $825.5M | $826.1M | $1.14B | $1.14B | $1.10B | $1.07B | $645.4M | $618.5M | $557.0M | $525.0M | $510.1M |
| Total assets | $1.61B | $1.61B | $1.61B | $1.62B | $1.62B | $1.58B | $1.57B | $1.56B | $1.56B | $1.55B | $1.56B | $1.56B |
| Liabilities | ||||||||||||
| Accounts payable | — | — | — | — | — | — | — | — | — | — | — | $23.2M |
| Short-term debt | $1.6M | $2.3M | $1.5M | $1.4M | $5.8M | $6.3M | $13.8M | $9.5M | $8.7M | $15.9M | $12.7M | $12.6M |
| Deferred revenue | — | — | — | — | — | — | — | — | — | — | — | $10.6M |
| Total current liabilities | $1.6M | $2.3M | $366.2M | $1.33B | $1.28B | $1.34B | $1.34B | $1.29B | $1.26B | $1.31B | $1.33B | $1.33B |
| Long-term debt | $105.1M | $88.7M | $32.2M | $112.1M | $176.8M | $70.4M | $74.7M | $113.7M | $153.0M | $96.4M | $99.0M | $116.8M |
| Other long-term liabilities | $1.33B | $1.36B | $1.05B | $22.3M | $20.0M | $23.4M | $20.7M | $25.2M | $20.3M | $20.8M | $6.8M | $0 |
| Total liabilities | $1.44B | $1.44B | $1.45B | $1.46B | $1.48B | $1.44B | $1.44B | $1.42B | $1.43B | $1.43B | $1.43B | $1.45B |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $61,000 | $61,000 | $61,000 | $58,000 | $58,000 | $58,000 | $58,000 | $55,000 | $55,000 | $55,000 | $55,000 | $52,000 |
| Retained earnings (deficit) | $71.6M | $67.4M | $63.7M | $67.3M | $63.6M | $60.4M | $56.9M | $60.5M | $57.8M | $55.9M | $54.3M | $57.3M |
| Accumulated other comprehensive income | −$7.6M | −$8.6M | −$5.7M | −$7.0M | −$10.6M | −$13.0M | −$15.8M | −$10.0M | −$18.7M | −$18.4M | −$16.6M | −$32.3M |
| Total shareholders' equity | $166.9M | $161.6M | $160.6M | $155.7M | $148.4M | $142.7M | $136.2M | $139.7M | $128.3M | $126.7M | $126.9M | $109.6M |
| Key figures | ||||||||||||
| Total debt | $106.7M | $91.0M | $33.7M | $113.6M | $182.6M | $76.7M | $88.5M | $123.2M | $161.7M | $112.3M | $99.0M | $116.8M |
| Net cash (debt) | $260.4M | $282.9M | $335.4M | −$53.8M | −$123.7M | −$22.0M | −$28.9M | $313.4M | $287.5M | $346.4M | $385.8M | $369.8M |
| Working capital | $365.5M | $371.7M | $2.9M | −$1.27B | −$1.22B | −$1.29B | −$1.28B | −$848.4M | −$810.0M | −$821.1M | −$815.2M | −$815.2M |
| Tangible book value | $132.8M | $127.4M | $126.3M | $118.1M | $110.6M | $104.8M | $98.2M | $101.5M | $90.0M | $88.2M | $88.1M | $70.4M |
| Book value per share | $27.13 | $26.32 | $26.21 | $26.71 | $25.40 | $24.53 | $23.53 | $24.21 | $22.31 | $22.04 | $22.05 | $19.03 |
| Shares outstanding | 6.1M | 6.1M | 6.1M | 5.8M | 5.8M | 5.8M | 5.8M | 5.8M | 5.7M | 5.7M | 5.8M | 5.8M |
| Current ratio | 229.57 | 165.23 | 1.01 | 0.05 | 0.05 | 0.04 | 0.04 | 0.34 | 0.36 | 0.37 | 0.39 | 0.39 |
| Quick ratio | 229.57 | 165.23 | 1.01 | 0.05 | 0.05 | 0.04 | 0.04 | 0.34 | 0.36 | 0.37 | 0.39 | 0.39 |
| Debt / equity | 0.64 | 0.56 | 0.21 | 0.73 | 1.23 | 0.54 | 0.65 | 0.88 | 1.26 | 0.89 | 0.78 | 1.07 |
| Equity / assets | 10.4% | 10.1% | 10.0% | 9.6% | 9.1% | 9.0% | 8.7% | 8.9% | 8.2% | 8.2% | 8.1% | 7.0% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed April 14, 2026); data from EODHD.
LARK financial position
At the end of fiscal 2025 (December 31, 2025), Landmark Bancorp had total assets of $1.6 billion (up 2.1% from a year earlier), total liabilities of $1.4 billion and shareholders' equity of $160.6 million. It held $369.1 million in cash and short-term investments against $33.7 million of debt, a net cash position of $335.4 million. Its current ratio was 1.01. In the latest quarter (ended June 30, 2026) total assets were $1.6 billion and equity $166.9 million.
Related: LARK income statement, LARK cash flow statement, LARK key metrics. See the LARK stock overview for the latest quote and news.
LARK balance sheet FAQ
What are Landmark Bancorp's total assets?
Landmark Bancorp reported total assets of $1.6 billion at the end of fiscal 2025 (December 31, 2025), compared with $1.6 billion a year earlier.
How much debt does Landmark Bancorp have?
Landmark Bancorp had $33.7 million of total debt at the end of fiscal 2025, including short-term borrowings. Its debt-to-equity ratio was 0.21.
How much cash does Landmark Bancorp have?
Landmark Bancorp held $369.1 million in cash and short-term investments at the end of fiscal 2025; with $33.7 million of debt that is net cash of $335.4 million.
What is Landmark Bancorp's book value?
Landmark Bancorp's shareholders' equity (book value) was $160.6 million at the end of fiscal 2025, or $26.25 per share.
What is Landmark Bancorp's current ratio?
Landmark Bancorp had current assets of $369.1 million and current liabilities of $366.2 million, a current ratio of 1.01 (it can cover its short-term obligations).
How much goodwill does Landmark Bancorp have?
Landmark Bancorp carried $34.4 million of goodwill and intangible assets, 2.1% of total assets, at the end of fiscal 2025.