XML 34 R23.htm IDEA: XBRL DOCUMENT v3.21.1

Loans and Allowance for Loan Losses (Tables)

3 Months Ended

Mar. 31, 2021

Receivables [Abstract]

Schedule of Loans

Loans consisted of the following as of the dates indicated below:

Schedule of Loans

		March 31,				December 31,
(Dollars in thousands)		2021				2020
One-to-four family residential real estate loans		$	159,798			$	157,984
Construction and land loans			26,591				26,106
Commercial real estate loans			179,781				172,307
Commercial loans			126,998				134,047
Paycheck protection program loans			117,297				100,084
Agriculture loans			92,486				96,532
Municipal loans			2,183				2,332
Consumer loans			25,557				24,122
Total gross loans			730,691				713,514
Net deferred loan (fees) costs and loans in process			(3,611	)			(1,957	)
Allowance for loan losses			(9,271	)			(8,775	)
Loans, net		$	717,809			$	702,782

Schedule of Allowance for Credit Losses on Financing Receivables

The following tables provide information on the Company’s allowance for loan losses by loan class and allowance methodology:

Schedule of Allowance for Credit Losses on Financing Receivables 

		Three months ended March 31, 2021
(Dollars in thousands)		One-to-four family residential real estate loans				Construction and land loans				Commercial real estate loans				Commercial loans				Paycheck protection program loans				Agriculture loans				Municipal loans				Consumer loans				Total
Allowance for loan losses:
Balance at January 1, 2021		$	859			$	181			$	2,482			$	2,388			$	-			$	2,690			$	6			$	169			$	8,775
Charge-offs			(23	)			-				-				-				-				-				-				(41	)			(64	)
Recoveries			1				1				-				1				-				-				6				51				60
Provision for loan losses			60				4				775				(143	)			-				(187	)			(6	)			(3	)			500
Balance at March 31, 2021		$	897			$	186			$	3,257			$	2,246			$	-			$	2,503			$	6			$	176			$	9,271

		Three months ended March 31, 2020
(Dollars in thousands)		One-to-four family residential real estate loans				Construction and land loans				Commercial real estate loans				Commercial loans				Paycheck protection program loans				Agriculture loans				Municipal loans				Consumer loans				Total
Allowance for loan losses:
Balance at January 1, 2020		$	501			$	271			$	1,386			$	1,815			$	-			$	2,347			$	7			$	140			$	6,467
Charge-offs			-				(100	)			-				(33	)			-				-				-				(87	)			(220	)
Recoveries			-				-				-				1				-				-				6				25				32
Provision for loan losses			152				54				242				642				-				34				(6	)			82				1,200
Balance at March 31, 2020		$	653			$	225			$	1,628			$	2,425			$	-			$	2,381			$	7			$	160			$	7,479

		As of March 31, 2021
(Dollars in thousands)		One-to-four family residential real estate loans				Construction and land loans				Commercial real estate loans				Commercial loans				Paycheck protection program loans				Agriculture loans				Municipal loans				Consumer loans				Total
Allowance for loan losses:
Individually evaluated for loss		$	-			$	-			$	424			$	28			$	-			$	40			$	-			$	-			$	492
Collectively evaluated for loss			897				186				2,833				2,218				-				2,463				6				176				8,779
Total		$	897			$	186			$	3,257			$	2,246			$	-			$	2,503			$	6			$	176			$	9,271
Loan balances:
Individually evaluated for loss		$	956			$	1,027			$	7,874			$	1,679			$	-			$	1,182			$	36			$	4			$	12,758
Collectively evaluated for loss			158,842				25,564				171,907				125,319				117,297				91,304				2,147				25,553				717,933
Total		$	159,798			$	26,591			$	179,781			$	126,998			$	117,297			$	92,486			$	2,183			$	25,557			$	730,691

		As of December 31, 2020
(Dollars in thousands)		One-to-four family residential real estate loan				Construction and land loans				Commercial real estate loans				Commercial loans				Paycheck protection program loans				Agriculture loans				Municipal loans				Consumer loans				Total
Allowance for loan losses:
Individually evaluated for loss		$	-			$	-			$	177			$	22			$	-			$	67			$	-			$	-			$	266
Collectively evaluated for loss			859				181				2,305				2,366				-				2,623				6				169				8,509
Total		$	859			$	181			$	2,482			$	2,388			$	-			$	2,690			$	6			$	169			$	8,775
Loan balances:
Individually evaluated for loss		$	914			$	1,137			$	8,119			$	1,639			$	-			$	614			$	36			$	3			$	12,462
Collectively evaluated for loss			157,070				24,969				164,188				132,408				100,084				95,918				2,296				24,119				701,052
Total		$	157,984			$	26,106			$	172,307			$	134,047			$	100,084			$	96,532			$	2,332			$	24,122			$	713,514

Schedule of Impaired Financing Receivables

 Schedule of Impaired Financing Receivables

(Dollars in thousands)		As of March 31, 2021
		Unpaid contractual principal				Impaired loan balance				Impaired loans without an allowance				Impaired loans with an allowance				Related allowance recorded				Year-to-date average loan balance				Year-to-date interest income recognized
One-to-four family residential real estate		$	956			$	956			$	956			$	-			$	-			$	963			$	2
Construction and land			2,762				1,027				1,027				-				-				1,043				6
Commercial real estate			7,874				7,874				2,404				5,470				424				7,875				9
Commercial			2,030				1,679				1,561				118				28				1,705				10
Agriculture			1,397				1,182				1,131				51				40				1,237				16
Municipal			36				36				36				-				-				36				-
Consumer			4				4				4				-				-				5				-
Total impaired loans		$	15,059			$	12,758			$	7,119			$	5,639			$	492			$	12,864			$	43

(Dollars in thousands)		As of December 31, 2020
		Unpaid contractual principal				Impaired loan balance				Impaired loans without an allowance				Impaired loans with an allowance				Related allowance recorded				Year-to-date average loan balance				Year-to-date interest income recognized
One-to-four family residential real estate		$	914			$	914			$	914			$	-			$	-			$	925			$	3
Construction and land			2,872				1,137				1,137				-				-				1,211				26
Commercial real estate			8,119				8,119				4,302				3,817				177				8,152				8
Commercial			1,990				1,639				1,543				96				22				1,984				43
Agriculture			829				614				538				76				67				618				67
Municipal			36				36				36				-				-				54				1
Consumer			3				3				3				-				-				4				-
Total impaired loans		$	14,763			$	12,462			$	8,473			$	3,989			$	266			$	12,948			$	148

Schedule of Past Due Financing Receivables

The following tables present information on the Company’s past due and non-accrual loans by loan class:

Schedule of Past Due Financing Receivables 

(Dollars in thousands)		As of March 31, 2021
		30-59 days delinquent and accruing				60-89 days delinquent and accruing				90 days or more delinquent and accruing				Total past due loans accruing				Non-accrual loans				Total past due and non-accrual loans				Total loans not past due
One-to-four family residential real estate loans		$	1,268			$	124			$	-			$	1,392			$	793			$	2,185			$	157,613
Construction and land loans			-				-				-				-				691				691				25,900
Commercial real estate loans			-				-				-				-				7,874				7,874				171,907
Commercial loans			1,587				-				-				1,587				947				2,534				124,464
Paycheck protection program loans			-				-				-				-				-				-				117,297
Agriculture loans			1,583				424				-				2,007				706				2,713				89,773
Municipal loans			-				-				-				-				-				-				2,183
Consumer loans			15				24				-				39				4				43				25,514
Total		$	4,453			$	572			$	-			$	5,025			$	11,015			$	16,040			$	714,651
Percent of gross loans			0.61	%			0.08	%			0.00	%			0.69	%			1.51	%			2.20	%			97.80	%

(Dollars in thousands)		As of December 31, 2020
		30-59 days delinquent and accruing				60-89 days delinquent and accruing				90 days or more delinquent and accruing				Total past due loans accruing				Non-accrual loans				Total past due and non-accrual loans				Total loans not past due
One-to-four family residential real estate loans		$	262			$	185			$	-			$	447			$	749			$	1,196			$	156,788
Construction and land loans			-				-				-				-				694				694				25,412
Commercial real estate loans			-				-				-				-				8,119				8,119				164,188
Commercial loans			832				-				-				832				874				1,706				132,341
Paycheck protection program loans			-				-				-				-				-				-				100,084
Agriculture loans			206				29				-				235				76				311				96,221
Municipal loans			-				-				-				-				-				-				2,332
Consumer loans			15				1				-				16				3				19				24,103
Total		$	1,315			$	215			$	-			$	1,530			$	10,515			$	12,045			$	701,469
Percent of gross loans			0.19	%			0.03	%			0.00	%			0.22	%			1.47	%			1.69	%			98.31	%

Schedule of Risk Categories by Loan Class

The following table provides information on the Company’s risk categories by loan class:

Schedule of Risk Categories by Loan Class 

		As of March 31, 2021								As of December 31, 2020
(Dollars in thousands)		Nonclassified				Classified				Nonclassified				Classified
One-to-four family residential real estate loans		$	155,668			$	4,130			$	154,985			$	2,999
Construction and land loans			25,900				691				25,412				694
Commercial real estate loans			168,909				10,872				161,661				10,646
Commercial loans			125,069				1,929				132,023				2,024
Paycheck protection program loans			117,297				-				100,084				-
Agriculture loans			85,305				7,181				87,662				8,870
Municipal loan			2,183				-				2,332				-
Consumer loans			25,554				3				24,119				3
Total		$	705,885			$	24,806			$	688,278			$	25,236

Schedule of Troubled Debt Restructurings On Financing Receivables

The following table presents information on loans that are classified as TDRs:

Schedule of Troubled Debt Restructurings On Financing Receivables 

(Dollars in thousands)
		As of March 31, 2021												As of December 31, 2020
		Number of loans				Non-accrual balance				Accruing balance				Number of loans				Non-accrual balance				Accruing balance
One-to-four family residential real estate loans			2			$	-			$	163				2			$	-			$	165
Construction and land loans			4				691				336				5				693				443
Commercial real estate loans			2				1,227				-				2				1,227				-
Commercial loans			8				80				732				7				33				765
Agriculture loans			4				-				476				4				-				538
Municipal loan			1				-				36				1				-				36
Total			21			$	1,998			$	1,743				21			$	1,953			$	1,947

X

- Definition

Schedule of Risk Categories by Loan Class.

+ References

No definition available.

+ Details

Name:	LARK_RiskCategoriesByLoanClassTableTextBlock
Namespace Prefix:	LARK_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of allowance for credit loss on financing receivable.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 310
-SubTopic 10
-Section 50
-Paragraph 11B
-URI http://asc.fasb.org/extlink&oid=123577603&loc=SL6953423-111524

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 326
-SubTopic 20
-Section 50
-Paragraph 13
-URI http://asc.fasb.org/extlink&oid=124255953&loc=SL82919249-210447

+ Details

Name:	us-gaap_AllowanceForCreditLossesOnFinancingReceivablesTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of impaired financing receivables.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 310
-SubTopic 10
-Section 50
-Paragraph 15
-URI http://asc.fasb.org/extlink&oid=123577603&loc=d3e5212-111524

+ Details

Name:	us-gaap_ImpairedFinancingReceivablesTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of aging analysis for financing receivable.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 326
-SubTopic 20
-Section 50
-Paragraph 14
-URI http://asc.fasb.org/extlink&oid=124255953&loc=SL82919253-210447

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 310
-SubTopic 10
-Section 50
-Paragraph 7A
-URI http://asc.fasb.org/extlink&oid=123577603&loc=SL6953401-111524

Reference 3: http://www.xbrl.org/2003/role/exampleRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 326
-SubTopic 20
-Section 55
-Paragraph 80
-URI http://asc.fasb.org/extlink&oid=124267575&loc=SL82922355-210448

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 310
-SubTopic 10
-Section 50
-Paragraph 7
-URI http://asc.fasb.org/extlink&oid=123577603&loc=d3e5111-111524

+ Details

Name:	us-gaap_PastDueFinancingReceivablesTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	us-gaap_ReceivablesAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the various types of trade accounts and notes receivable and for each the gross carrying value, allowance, and net carrying value as of the balance sheet date. Presentation is categorized by current, noncurrent and unclassified receivables.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.3,4)
-URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682

+ Details

Name:	us-gaap_ScheduleOfAccountsNotesLoansAndFinancingReceivableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of financing receivable modified as troubled debt restructuring.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 310
-SubTopic 10
-Section 50
-Paragraph 33
-URI http://asc.fasb.org/extlink&oid=123577603&loc=SL6953676-111524

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 310
-SubTopic 10
-Section 50
-Paragraph 34
-URI http://asc.fasb.org/extlink&oid=123577603&loc=SL6953682-111524

+ Details

Name:	us-gaap_TroubledDebtRestructuringsOnFinancingReceivablesTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration