Landmark Bancorp Inc

Landmark Bancorp reported record second-quarter revenue of $19.2 million and net income of $5.4 million, with earnings per share of $0.88. Net interest income rose to $15.1 million, driven by higher investment portfolio yields and lower funding costs, while noninterest income increased to $4.1 million on stronger gains from loan sales. Gross loans grew $4.4 million to approximately $1.1 billion, led by construction, commercial, and agricultural lending, though total deposits fell $17.7 million to $1.3 billion as the bank reduced brokered CDs and increased Federal Home Loan Bank borrowings. Nonperforming loans rose to $13.1 million, or 1.18% of gross loans, largely due to two borrower relationships entering nonaccrual status, prompting a $500,000 credit-loss provision. The board declared a quarterly cash dividend of $0.21 per share, marking the company's 100th consecutive quarterly payout since its formation in 2001.