XML 58 R43.htm IDEA: XBRL DOCUMENT
v3.19.1

Fair Value of Financial Instruments and Fair Value Measurements (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2018
Fair Value Disclosures [Abstract] |
Schedule of Fair Value, by Balance Sheet Grouping | Fair value estimates of the Company’s financial instruments as of December 31, 2018 and 2017, including methods and assumptions utilized, are set forth below:
|  | As of December 31, 2018 |
|  | Carrying |  |  |  |  |  |  |  |  |  |  |  |  |
(Dollars in thousands) |  | amount |  |  | Level 1 |  |  | Level 2 |  |  | Level 3 |  |  | Total |
Financial assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cash and cash equivalents |  | $ | 19,114 |  |  | $ | 19,114 |  |  | $ | - |  |  | $ | - |  |  | $ | 19,114 |
Investment securities available for sale |  |  | 388,345 |  |  |  | 1,971 |  |  |  | 386,374 |  |  |  | - |  |  |  | 388,345 |
Bank stocks, at cost |  |  | 4,776 |  |  |  | n/a |  |  |  | n/a |  |  |  | n/a |  |  |  | n/a |
Loans, net |  |  | 489,373 |  |  |  | - |  |  |  | - |  |  |  | 494,473 |  |  |  | 494,473 |
Loans held for sale |  |  | 4,743 |  |  |  | - |  |  |  | 4,743 |  |  |  | - |  |  |  | 4,743 |
Derivative financial instruments |  |  | 522 |  |  |  | - |  |  |  | 522 |  |  |  | - |  |  |  | 522 |
Accrued interest receivable |  |  | 4,631 |  |  |  | - |  |  |  | 2,194 |  |  |  | 2,437 |  |  |  | 4,631 |
Financial liabilities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Non-maturity deposits |  | $ | (656,628 | ) |  | $ | (656,628 | ) |  | $ | - |  |  | $ | - |  |  |  | (656,628 | )
Time deposits |  |  | (167,020 | ) |  |  | - |  |  |  | (164,994 | ) |  |  | - |  |  |  | (164,994 | )
FHLB borrowings |  |  | (20,000 | ) |  |  | - |  |  |  | (20,000 | ) |  |  | - |  |  |  | (20,000 | )
Subordinated debentures |  |  | (21,651 | ) |  |  | - |  |  |  | (19,678 | ) |  |  | - |  |  |  | (19,678 | )
Other borrowings |  |  | (15,246 | ) |  |  | - |  |  |  | (15,246 | ) |  |  | - |  |  |  | (15,246 | )
Accrued interest payable |  |  | (442 | ) |  |  | - |  |  |  | (442 | ) |  |  | - |  |  |  | (442 | )
Derivative financial instruments |  |  | (25 | ) |  |  | - |  |  |  | (25 | ) |  |  | - |  |  |  | (25 | )
|  | As of December 31, 2017 |
|  | Carrying |  |  |  |  |  |  |  |  |  |  |  |  |
(Dollars in thousands) |  | amount |  |  | Level 1 |  |  | Level 2 |  |  | Level 3 |  |  | Total |
Financial assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cash and cash equivalents |  | $ | 16,584 |  |  | $ | 16,584 |  |  | $ | - |  |  | $ | - |  |  | $ | 16,584 |
Investment securities available-for-sale |  |  | 387,983 |  |  |  | 1,998 |  |  |  | 385,985 |  |  |  | - |  |  |  | 387,983 |
Bank stocks, at cost |  |  | 5,423 |  |  |  | n/a |  |  |  | n/a |  |  |  | n/a |  |  |  | n/a |
Loans, net |  |  | 433,743 |  |  |  | - |  |  |  | - |  |  |  | 436,910 |  |  |  | 436,910 |
Loans held for sale |  |  | 6,535 |  |  |  | - |  |  |  | 6,535 |  |  |  | - |  |  |  | 6,535 |
Derivative financial instruments |  |  | 395 |  |  |  | - |  |  |  | 395 |  |  |  | - |  |  |  | 395 |
Accrued interest receivable |  |  | 4,409 |  |  |  | 20 |  |  |  | 2,234 |  |  |  | 2,155 |  |  |  | 4,409 |
Financial liabilities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Non-maturity deposits |  | $ | (642,281 | ) |  | $ | (642,281 | ) |  | $ | - |  |  | $ | - |  |  |  | (642,281 | )
Time deposits |  |  | (123,277 | ) |  |  | - |  |  |  | (121,298 | ) |  |  | - |  |  |  | (121,298 | )
FHLB borrowings |  |  | (31,600 | ) |  |  | - |  |  |  | (31,706 | ) |  |  | - |  |  |  | (31,706 | )
Subordinated debentures |  |  | (21,484 | ) |  |  | - |  |  |  | (19,134 | ) |  |  | - |  |  |  | (19,134 | )
Other borrowings |  |  | (13,509 | ) |  |  | - |  |  |  | (13,509 | ) |  |  | - |  |  |  | (13,509 | )
Accrued interest payable |  |  | (274 | ) |  |  | - |  |  |  | (274 | ) |  |  | - |  |  |  | (274 | )
Schedule of Fair Value, Assets Measured on Recurring Basis | The following table represents the Company’s financial instruments that are measured at fair value on a recurring basis at December 31, 2018 and 2017, allocated to the appropriate fair value hierarchy:
|  |  |  |  | As of December 31, 2018 |
|  |  |  |  | Fair value hierarchy |
(Dollars in thousands) |  | Total |  |  | Level 1 |  |  | Level 2 |  |  | Level 3 |
Assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Available-for-sale securities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
U. S. treasury securities |  | $ | 1,971 |  |  | $ | 1,971 |  |  | $ | - |  |  | $ | - |
U. S. federal agency obligations |  |  | 10,361 |  |  |  | - |  |  |  | 10,361 |  |  |  | - |
Municipal obligations, tax exempt |  |  | 159,112 |  |  |  | - |  |  |  | 159,112 |  |  |  | - |
Municipal obligations, taxable |  |  | 53,035 |  |  |  | - |  |  |  | 53,035 |  |  |  | - |
Agency mortgage-backed securities |  |  | 156,076 |  |  |  | - |  |  |  | 156,076 |  |  |  | - |
Certificates of deposit |  |  | 7,790 |  |  |  | - |  |  |  | 7,790 |  |  |  | - |
Loans held for sale |  |  | 4,743 |  |  |  | - |  |  |  | 4,743 |  |  |  | - |
Derivative financial instruments |  |  | 522 |  |  |  | - |  |  |  | 522 |  |  |  | - |
Liabilities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Derivative financial instruments |  |  | (25 | ) |  |  | - |  |  |  | (25 | ) |  |  | - |
|  |  |  |  | As of December 31, 2017 |
|  |  |  |  | Fair value hierarchy |
(Dollars in thousands) |  | Total |  |  | Level 1 |  |  | Level 2 |  |  | Level 3 |
Assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Available-for-sale securities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
U. S. treasury securities |  | $ | 1,990 |  |  | $ | 1,990 |  |  | $ | - |  |  | $ | - |
U. S. federal agency obligations |  |  | 16,492 |  |  |  | - |  |  |  | 16,492 |  |  |  | - |
Municipal obligations, tax exempt |  |  | 184,738 |  |  |  | - |  |  |  | 184,738 |  |  |  | - |
Municipal obligations, taxable |  |  | 57,976 |  |  |  | - |  |  |  | 57,976 |  |  |  | - |
Agency mortgage-backed securities |  |  | 117,555 |  |  |  | - |  |  |  | 117,555 |  |  |  | - |
Common stocks |  |  | 8 |  |  |  | 8 |  |  |  | - |  |  |  | - |
Certificates of deposit |  |  | 9,224 |  |  |  | - |  |  |  | 9,224 |  |  |  | - |
Loans held for sale |  |  | 6,535 |  |  |  | - |  |  |  | 6,535 |  |  |  | - |
Derivative financial instruments |  |  | 395 |  |  |  | - |  |  |  | 395 |  |  |  | - |
Schedule of Fair Value Contractual Balance and Gain Loss on Loans Held for Sale | The aggregate fair value, contractual balance (including accrued interest), and gain or loss on loans held for sale were as follows:
|  | As of December 31, |
(Dollars in thousands) |  | 2018 |  |  | 2017 |
Aggregate fair value |  | $ | 4,743 |  |  | $ | 6,535 |
Contractual balance |  |  | 4,687 |  |  |  | 6,420 |
Gain |  | $ | 56 |  |  | $ | 115 |
Schedule of Gains and Losses from Changes in Fair Value of Loans Held for Sale | The total amount of gains and losses from changes in fair value of loans held for sale included in earnings were as follows:
|  | As of December 31, |
(Dollars in thousands) |  | 2018 |  |  | 2017 |
Interest income |  | $ | 333 |  |  | $ | 259 |
Change in fair value |  |  | (59 | ) |  |  | 78 |
Total change in fair value |  | $ | 274 |  |  | $ | 337 |
Schedule of Fair Value, Assets and Liabilities Measured on Nonrecurring Basis, Valuation Techniques | The following table represents the Company’s financial instruments that are measured at fair value on a non-recurring basis as of December 31, 2018 and 2017 allocated to the appropriate fair value hierarchy:
|  |  |  |  | As of December 31, 2018 |  |  | Total |
|  |  |  |  | Fair value hierarchy |  |  | (losses)/ |
(Dollars in thousands) |  | Total |  |  | Level 1 |  |  | Level 2 |  |  | Level 3 |  |  | gains |
Assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Impaired loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
One-to-four family residential real estate |  | $ | 110 |  |  | $ | - |  |  | $ | - |  |  | $ | 110 |  |  | $ | (29 | )
Construction and land |  |  | 322 |  |  |  | - |  |  |  | - |  |  |  | 322 |  |  |  | (103 | )
Commercial real estate loans |  |  | 1,725 |  |  |  | - |  |  |  | - |  |  |  | 1,725 |  |  |  | 377 |
Commercial loans |  |  | 55 |  |  |  | - |  |  |  | - |  |  |  | 55 |  |  |  | (51 | )
Agriculture loans |  |  | 175 |  |  |  | - |  |  |  | - |  |  |  | 175 |  |  |  | 11 |
|  |  |  |  | As of December 31, 2017 |  |  | Total |
|  |  |  |  | Fair value hierarchy |  |  |  |  | (losses)/ |
|  | Total |  |  | Level 1 |  |  | Level 2 |  |  | Level 3 |  |  | gains |
Assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Impaired loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
One-to-four family residential real estate |  | $ | 171 |  |  | $ | - |  |  | $ | - |  |  | $ | 171 |  |  | $ | (73 | )
Construction and land |  |  | 1,499 |  |  |  | - |  |  |  | - |  |  |  | 1,499 |  |  |  | (102 | )
Commercial real estate loans |  |  | 33 |  |  |  | - |  |  |  | - |  |  |  | 33 |  |  |  | 12 |
Commercial loans |  |  | 1,600 |  |  |  | - |  |  |  | - |  |  |  | 1,600 |  |  |  | (304 | )
Agriculture loans |  |  | 264 |  |  |  | - |  |  |  | - |  |  |  | 264 |  |  |  | 65 |
Real estate owned: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
One-to-four family residential real estate |  |  | 325 |  |  |  | - |  |  |  | - |  |  |  | 325 |  |  |  | (68 | )
Commercial real estate |  |  | 85 |  |  |  | - |  |  |  | - |  |  |  | 85 |  |  |  | (50 | )
Schedule of Fair Value Measurements on Nonrecurring, Valuation Techniques | The following table presents quantitative information about Level 3 fair value measurements for impaired loans measure at fair value on a non-recurring basis as of December 31, 2018 and 2017.
(Dollars in thousands) |  | Fair value |  |  | Valuation technique |  | Unobservable inputs |  | Range |
As of December 31, 2018 |  |  |  |  |  |  |  |  |  |  |  |
Impaired loans: |  |  |  |  |  |  |  |  |  |  |  |
One-to-four family residential real estate |  | $ | 110 |  |  | Sales comparison |  | Adjustment to appraised value |  |  | 0%-20 | %
Construction and land |  |  | 322 |  |  | Sales comparison |  | Adjustment to appraised value |  |  | 0%-25 | %
Commercial real estate |  |  | 1,725 |  |  | Sales comparison |  | Adjustment to appraised value |  |  | 0 | %
Commercial loans |  |  | 55 |  |  | Sales comparison |  | Adjustment to comparable sales |  |  | 0%-15 | %
Agriculture loans |  |  | 175 |  |  | Sales comparison |  | Adjustment to appraised value |  |  | 0 | %
As of December 31, 2017 |  |  |  |  |  |  |  |  |  |  |  |
Impaired loans: |  |  |  |  |  |  |  |  |  |  |  |
One-to-four family residential real estate |  | $ | 171 |  |  | Sales comparison |  | Adjustment to appraised value |  |  | 16%-50 | %
Construction and land |  |  | 1,499 |  |  | Sales comparison |  | Adjustment to appraised value |  |  | 0%-25 | %
Commercial real estate |  |  | 33 |  |  | Sales comparison |  | Adjustment to appraised value |  |  | 0%-91 | %
Commercial loans |  |  | 1,600 |  |  | Sales comparison |  | Adjustment to comparable sales |  |  | 15%-50 | %
Agriculture loans |  |  | 264 |  |  | Sales comparison |  | Adjustment to appraised value |  |  | 0%-50 | %
Real estate owned: |  |  |  |  |  |  |  |  |  |  |  |
One-to-four family residential real estate |  |  | 325 |  |  | Sales comparison |  | Adjustment to appraised value |  |  | 10 | %
Commercial real estate |  |  | 85 |  |  | Sales comparison |  | Adjustment to appraised value |  |  | 10 | %

X
- Definition Schedule of Fair Value Contractual Balance and Gain Loss On Loans Held for Sale [Table Text Block] + References No definition available. + Details
Name: | LARK_ScheduleOfFairValueContractualBalanceAndGainLossOnLoansHeldForSaleTableTextBlock
Namespace Prefix: | LARK_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Schedule of Gains and Losses from Changes in Fair Value of Loans Held for Sale [Table Text Block] + References No definition available. + Details
Name: | LARK_ScheduleOfGainsAndLossesFromChangesInFairValueOfLoansHeldForSaleTableTextBlock
Namespace Prefix: | LARK_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of input and valuation technique used to measure fair value and change in valuation approach and technique for each separate class of asset and liability measured on recurring and nonrecurring basis. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (bbb) -URI http://asc.fasb.org/extlink&oid=99377789&loc=d3e19207-110258 + Details
Name: | us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisValuationTechniquesTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of input and valuation technique used to measure fair value and change in valuation approach and technique used to measure similar asset in prior period by class of asset or liability on non-recurring basis. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (bbb) -URI http://asc.fasb.org/extlink&oid=99377789&loc=d3e19207-110258 + Details
Name: | us-gaap_FairValueAssetsMeasuredOnNonrecurringBasisValuationTechniquesTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of assets, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, by class that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3). + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=99377789&loc=d3e19207-110258 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=99377789&loc=d3e19190-110258 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=99377789&loc=d3e19207-110258 + Details
Name: | us-gaap_FairValueAssetsMeasuredOnRecurringBasisTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the fair value of financial instruments, including financial assets and financial liabilities, and the measurements of those instruments, assets, and liabilities. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 11 -URI http://asc.fasb.org/extlink&oid=109250915&loc=d3e13467-108611 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=99377789&loc=d3e19207-110258 + Details
Name: | us-gaap_FairValueByBalanceSheetGroupingTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_FairValueDisclosuresAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration