Exhibit 99.1

PRESS RELEASE

FOR IMMEDIATE RELEASE	Contacts:
October 27, 2021	Michael E. Scheopner
	President and Chief Executive Officer
	Mark A. Herpich
	Chief Financial Officer
	(785) 565-2000

Landmark Bancorp, Inc. Announces Third Quarter 2021 Diluted Earnings Per Share of $0.95

Declares Cash Dividend of $0.20 per Share and 5% Stock Dividend

(Manhattan, KS, October 27, 2021) – Landmark Bancorp, Inc. (“Landmark”; Nasdaq: LARK) reported diluted earnings per share of $0.95 for the three months ended September 30, 2021, compared to $1.14 per share in the same quarter last year and $1.04 per share in the second quarter of 2021. Net earnings for the third quarter of 2021 amounted to $4.5 million, compared to $5.4 million for the third quarter of 2020 and $5.0 million in the second quarter of 2021. For the three months ended September 30, 2021, the return on average assets was 1.42%, the return on average equity was 13.36%, and the efficiency ratio was 61.2%.

For the first nine months of 2021, diluted earnings per share totaled $3.12 compared to $2.91 during the same period of 2020 while net earnings increased 7.0% to $14.9 million. For the nine months ended September 30, 2021, the return on average assets was 1.59%, the return on average equity was 15.23% and the efficiency ratio was 59.8%.

In announcing these results, Michael E. Scheopner, President and Chief Executive Officer of Landmark, said, “We are pleased to report continued solid earnings during the third quarter of 2021, driven mainly by growth in our core lending, solid credit metrics, and strong capital. We continued to see a reduction in our Paycheck Protection Program (PPP) loans this quarter as they are being forgiven by the Small Business Administration (SBA). Excluding these loans, our loan portfolio increased $12.1 million, or 7.7%, primarily from solid growth in our commercial and commercial real estate loan portfolios. While gains on sales of loans this quarter are down from the same quarter last year, mostly as a result of a tight housing supply in our markets, gains on sales of loans nevertheless are a significant portion of our non-interest income which we believe we can count on in the future. Growth in fees and service charges helped to partly offset lower gains on sales of loans and lower gains on sales of investment securities this quarter. Non-interest expense this quarter remained below amounts in the same quarter last year. Total deposits this quarter declined slightly, and overall deposit costs remained at very low levels. Our net interest margin totaled a healthy 3.36% this quarter.”

Mr. Scheopner continued, “Credit quality remained strong this quarter as the Company recorded net loan charge-offs of $397,000 compared to net loan charge-offs of $108,000 in the prior quarter and $381,000 in the same quarter last year. The allowance for loan losses totaled $8.8 million at September 30, 2021, and there was no provision for loan losses this quarter. The allowance for loan losses was 1.38% of period end loans, excluding PPP loans for which no loan loss reserve has been provided. Loan modifications made related to COVID-19 to support our customers have mostly been returned to their original contractual terms. Our capital and liquidity positions remain strong with total equity to assets of 10.79% and loans to deposits of 61.6%. We believe Landmark’s risk management practices, liquidity and capital strength continue to position us well to meet the financial needs of families and businesses in our markets.”

Landmark’s Board of Directors declared a cash dividend of $0.20 per share, to be paid November 24, 2021, to common stockholders of record as of the close of business on November 10, 2021. The Board of Directors also declared a 5% stock dividend payable on December 15, 2021, to common stockholders of record on December 1, 2021. This is the 21st consecutive year that the Board has declared a 5% stock dividend.

Management will host a conference call to discuss the Company’s financial results at 10:00 a.m. (Central time) on Thursday, October 28, 2021. Investors may participate via telephone by dialing (844) 200-6205 and using access code 354661. A replay of the call will be available through November 24, 2021, by dialing (866) 813-9403 and using access code 998942.

SUMMARY OF THIRD QUARTER RESULTS

Net Interest Income

Net interest income amounted to $9.6 million for the three months ended September 30, 2021, compared to $9.3 million in the same period last year and $10.0 million in the second quarter of 2021. The increase of $346,000, or 3.7%, from the third quarter of 2020 was primarily the result of an increase in interest on loans and slightly lower deposit costs. During the third quarter of 2021, interest income on loans increased $463,000, or 5.8%, compared to the same period last year. This increase in loan interest income was mainly due to higher interest and fees earned on PPP loans compared to the same period last year. Interest and fees recognized on PPP loans in the third quarter of 2021 totaled $1.6 million compared to $2.2 million in the second quarter of 2021, and $832,000 in the same period last year. The average tax-equivalent yield on the loan portfolio was 5.03% in the current quarter compared to 4.42% in the same quarter last year and 5.00% in the prior quarter. Interest costs on interest-bearing deposits totaled 0.13% in the current quarter, 0.20% in the third quarter of 2020 and 0.14% in the prior quarter. On a tax-equivalent basis, the net interest margin totaled 3.36% in the third quarter 2021, compared to 3.54% in the prior quarter and 3.60% in the third quarter 2020.

Non-Interest Income

Total non-interest income was $5.5 million for the third quarter of 2021, a decrease of $2.7 million, or 33.1%, compared to the same period last year and a slight decrease from the previous quarter. The decrease in non-interest income during the third quarter of 2021 compared to the same period last year was primarily due to a decrease of $2.3 million in gains on sales of mortgage loans as originations of one-to-four family residential real estate loans declined. Decreased loan originations mainly resulted from lower housing inventories coupled with higher mortgage interest rates during the third quarter of 2021, which reduced refinancing activity. Fees and service charges increased $146,000, or 6.9%, compared to the same quarter last year primarily due to higher interchange and servicing fees. The second and third quarters of 2021 included gains of $33,000 and $30,000, respectively, on the sale of low balance mortgage-backed investment securities while the third quarter of 2020 included a gain of $678,000 on the sale of higher-coupon mortgage-backed investment securities.

Non-Interest Expense

During the third quarter of 2021, non-interest expense totaled $9.4 million, a slight decrease over the same period last year and $253,000 higher than the prior quarter. The decrease in non-interest expense in the third quarter of 2021 compared to the same period of last year was primarily due to a $427,000 decrease in compensation and benefits, which was primarily a result of lower costs related to one-to-four family residential real estate commissions, coupled with lower costs for amortization of mortgage servicing rights but offset in part by higher data processing fees and other non-interest expense. The growth in other non-interest expense of $359,000 was mainly due to costs associated with the PPP loan forgiveness process and foreclosure and real estate owned expense.

Income Tax Expense

Landmark recorded income tax expense of $1.1 million in the third quarter of 2021 compared to $1.5 million in the third quarter of 2020 and $1.3 million in the second quarter of 2021. The effective tax rate amounted to 19.8% in the current quarter compared to 21.5% in the third quarter of 2020 and 20.5% in the prior quarter.

Balance Sheet Highlights

As of September 30, 2021, gross loans totaled $664.7 million, a decrease of $20.5 million over the prior quarter-end and a decrease of $74.6 million since September 30, 2020. Declines over both periods were primarily due to lower PPP loans, which have been paying off over the last twelve months. The average balance of PPP loans totaled $40.4 million in the third quarter of 2021 compared to $97.5 million in the prior quarter and $130.8 million in the third quarter last year. Excluding these loans, gross loans increased $12.1 million, or 7.7% annualized, during the third quarter of 2021, primarily due to increases of $8.1 million in commercial loans and $4.4 million in commercial real estate loans. Compared to June 30, 2021, investment securities increased $34.6 million to $378.5 million as of September 30, 2021, while deposits decreased $11.1 million to $1.1 billion.

Stockholders’ equity increased to $135.4 million (book value of $28.45 per share) as of September 30, 2021, from $132.4 million (book value of $27.83 per share) as of June 30, 2021. The ratio of equity to total assets increased to 10.79% on September 30, 2021, from 10.58% at June 30, 2021 while the ratio of tangible equity to tangible assets (a non-GAAP financial measure) increased from 9.30% to 9.52% between the same dates.

The allowance for loan losses totaled $8.8 million, or 1.38% of total gross loans (excluding PPP loans) on September 30, 2021, compared to $9.2 million, or 1.47% of total gross loans (excluding PPP loans) on June 30, 2021. No allowance for loan losses has been allocated to PPP loans because they are guaranteed by the SBA. Net loan charge-offs totaled $397,000 in the third quarter of 2021, compared to $381,000 during the same quarter last year and $108,000 during the second quarter of 2021. The ratio of annualized net loan charge-offs to total average loans was 0.24% in the current quarter, 0.06% in the prior quarter and 0.21% in the third quarter of last year. There was no provision for loan losses made in the third quarter 2021.

During the current quarter, non-performing loans decreased $3.5 million to $9.8 million, or 1.48% of gross loans, while loans 30-89 days delinquent decreased $339,000 to $1.5 million, or 0.23% of gross loans, as of September 30, 2021.

About Landmark

Landmark Bancorp, Inc., the holding company for Landmark National Bank, is listed on the Nasdaq Global Market under the symbol “LARK.” Headquartered in Manhattan, Kansas, Landmark National Bank is a community banking organization dedicated to providing quality financial and banking services. Landmark National Bank has 30 locations in 24 communities across Kansas: Manhattan (2), Auburn, Dodge City (2), Fort Scott (2), Garden City, Great Bend (2), Hoisington, Iola, Junction City, Kincaid, LaCrosse, Lawrence (2), Lenexa, Louisburg, Mound City, Osage City, Osawatomie, Overland Park, Paola, Pittsburg, Prairie Village, Topeka (2), Wamego and Wellsville, Kansas. Visit www.banklandmark.com for more information.

Special Note Concerning Forward-Looking Statements

This press release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 with respect to the financial condition, results of operations, plans, objectives, future performance and business of Landmark. Forward-looking statements, which may be based upon beliefs, expectations and assumptions of our management and on information currently available to management, are generally identifiable by the use of words such as “believe,” “expect,” “anticipate,” “plan,” “intend,” “estimate,” “may,” “will,” “would,” “could,” “should” or other similar expressions. Additionally, all statements in this press release, including forward-looking statements, speak only as of the date they are made, and Landmark undertakes no obligation to update any statement in light of new information or future events. A number of factors, many of which are beyond our ability to control or predict, could cause actual results to differ materially from those in our forward-looking statements. These factors include, among others, the following: (i) the effects of the COVID-19 pandemic, including its effects on the economic environment, our customers and operations, as well as changes to federal, state or local government laws, regulations or orders in connection with the pandemic; (ii) the strength of the local, national and international economies; (iii) changes in state and federal laws, regulations and governmental policies concerning banking, securities, consumer protection, insurance, monetary, trade and tax matters; (iv) changes in interest rates and prepayment rates of our assets; (v) increased competition in the financial services sector and the inability to attract new customers; (vi) timely development and acceptance of new products and services; (vii) changes in technology and the ability to develop and maintain secure and reliable electronic systems; (viii) our risk management framework; (ix) interruptions in information technology and telecommunications systems and third-party services; (x) changes and uncertainty in benchmark interest rates, including the elimination of LIBOR and the development of a substitute; (xi) the effects of severe weather, natural disasters, widespread disease or pandemics, or other external events; (xii) the loss of key executives or employees; (xiii) changes in consumer spending; (xiv) integration of acquired businesses; (xv) unexpected outcomes of existing or new litigation; (xvi) changes in accounting policies and practices, such as the implementation of the current expected credit losses accounting standard; (xvii) the economic impact of armed conflict or terrorist acts involving the United States; (xviii) the ability to manage credit risk, forecast loan losses and maintain an adequate allowance for loan losses; (xix) declines in the value of our investment portfolio; (xx) the ability to raise additional capital; (xxi) cyber-attacks; (xxii) declines in real estate values; (xxiii) the effects of fraud on the part of our employees, customers, vendors or counterparties; and (xxiv) any other risks described in the “Risk Factors” sections of reports filed by Landmark with the Securities and Exchange Commission. These risks and uncertainties should be considered in evaluating forward-looking statements, and undue reliance should not be placed on such statements. Additional information concerning Landmark and its business, including additional risk factors that could materially affect Landmark’s financial results, is included in our filings with the Securities and Exchange Commission.

LANDMARK BANCORP, INC. AND SUBSIDIARIES

Consolidated Balance Sheets (unaudited)

(Dollars in thousands)		September 30,				June 30,				March 31,				December 31,				September 30,
		2021				2021				2021				2020				2020
Assets
Cash and cash equivalents		$	117,314			$	131,018			$	109,151			$	84,818			$	15,820
Investment securities:
U.S. treasury securities			40,314				36,646				20,359				2,037				2,047
U.S. federal agency obligations			17,297				22,852				18,861				18,924				18,988
Municipal obligations, tax exempt			140,788				140,526				143,105				142,676				141,877
Municipal obligations, taxable			38,988				38,779				41,138				49,535				48,379
Agency mortgage-backed securities			133,502				99,936				91,987				78,638				83,565
Certificates of deposit			7,629				5,205				5,455				5,460				4,674
Investment securities available-for-sale, at fair value			378,518				343,944				320,905				297,270				299,530
Bank stocks, at cost			2,985				3,220				4,062				4,473				4,459
Loans:
One-to-four family residential real estate			161,120				162,606				159,798				157,984				162,344
Construction and land			26,658				27,092				26,591				26,106				28,094
Commercial real estate			193,455				189,093				179,781				172,307				154,804
Commercial			135,790				127,672				126,998				134,047				137,286
Paycheck Protection Program (PPP)			28,671				61,236				117,297				100,084				130,977
Agriculture			91,305				89,667				92,486				96,532				99,430
Municipal			2,115				2,178				2,183				2,332				2,389
Consumer			25,624				25,676				25,557				24,122				23,988
Total gross loans			664,738				685,220				730,691				713,514				739,312
Net deferred loan (fees) costs and loans in process			936				(2,361	)			(3,611	)			(1,957	)			(2,796	)
Allowance for loan losses			(8,766	)			(9,163	)			(9,271	)			(8,775	)			(8,366	)
Loans, net			656,908				673,696				717,809				702,782				728,150
Loans held for sale			8,929				10,952				13,995				15,533				18,253
Bank owned life insurance			31,914				31,722				25,568				25,420				25,269
Premises and equipment, net			20,361				20,137				20,320				20,493				20,617
Goodwill			17,532				17,532				17,532				17,532				17,532
Other intangible assets, net			104				132				168				206				246
Mortgage servicing rights			4,201				4,143				3,966				3,726				3,332
Real estate owned, net			2,578				1,385				1,474				1,774				1,488
Other assets			13,190				12,545				13,925				14,000				14,246
Total assets		$	1,254,534			$	1,250,426			$	1,248,875			$	1,188,027			$	1,148,942
Liabilities and Stockholders’ Equity
Liabilities:
Deposits:
Non-interest-bearing demand			317,827				307,125				314,616				264,878				272,864
Money market and checking			488,213				504,025				490,634				491,275				437,056
Savings			151,380				150,874				142,507				126,124				120,424
Certificates of deposit			109,267				115,739				123,489				133,750				127,598
Total deposits			1,066,687				1,077,763				1,071,246				1,016,027				957,942
Federal Home Loan Bank borrowings			-				-				-				-				20,069
Subordinated debentures			21,651				21,651				21,651				21,651				21,651
Other borrowings			6,219				4,534				4,165				6,371				8,400
Accrued interest and other liabilities			24,571				14,122				23,532				17,306				19,010
Total liabilities			1,119,128				1,118,070				1,120,594				1,061,355				1,027,072
Stockholders’ equity:
Common stock			48				48				48				48				46
Additional paid-in capital			72,489				72,413				72,336				72,230				69,303
Retained earnings			56,957				53,391				49,363				44,947				45,462
Treasury stock, at cost			-				-				-				-				(2,349	)
Accumulated other comprehensive income			5,912				6,504				6,534				9,447				9,408
Total stockholders’ equity			135,406				132,356				128,281				126,672				121,870
Total liabilities and stockholders’ equity		$	1,254,534			$	1,250,426			$	1,248,875			$	1,188,027			$	1,148,942

LANDMARK BANCORP, INC. AND SUBSIDIARIES

Consolidated Statements of Earnings (unaudited)

(Dollars in thousands, except per share amounts)		Three months ended,												Nine months ended,
		September 30,				June 30,				September 30,				September 30,				September 30,
		2021				2021				2020				2021				2020
Interest income:
Loans		$	8,461			$	8,840			$	7,998			$	25,705			$	22,890
Investment securities:
Taxable			782				763				945				2,356				3,335
Tax-exempt			748				759				814				2,285				2,491
Total interest income			9,991				10,362				9,757				30,346				28,716
Interest expense:
Deposits			258				261				354				800				1,798
Borrowed funds			120				121				136				362				534
Total interest expense			378				382				490				1,162				2,332
Net interest income			9,613				9,980				9,267				29,184				26,384
Provision for loan losses			-				-				1,000				500				2,600
Net interest income after provision for loan losses			9,613				9,980				8,267				28,684				23,784
Non-interest income:
Fees and service charges			2,268				2,153				2,122				6,454				5,838
Gains on sales of loans, net			2,660				2,864				4,944				8,664				10,961
Bank owned life insurance			193				153				152				494				460
Gains on sales of investment securities, net			30				33				678				1,138				2,448
Other			314				270				269				913				783
Total non-interest income			5,465				5,473				8,165				17,663				20,490
Non-interest expense:
Compensation and benefits			5,132				5,023				5,559				15,096				15,394
Occupancy and equipment			1,101				1,105				1,106				3,268				3,248
Data processing			498				492				447				1,491				1,311
Amortization of mortgage servicing rights and other intangibles			376				412				465				1,225				1,166
Professional fees			413				431				381				1,236				1,095
Other			1,923				1,727				1,564				5,390				4,531
Total non-interest expense			9,443				9,190				9,522				27,706				26,745
Earnings before income taxes			5,635				6,263				6,910				18,641				17,529
Income tax expense			1,118				1,283				1,483				3,777				3,639
Net earnings		$	4,517			$	4,980			$	5,427			$	14,864			$	13,890
Net earnings per share (1)
Basic		$	0.95			$	1.05			$	1.15			$	3.13			$	2.92
Diluted			0.95				1.04				1.14				3.12				2.91
Dividends per share (1)			0.20				0.20				0.19				0.60				0.57
Shares outstanding at end of period (1)			4,759,636				4,756,604				4,736,537				4,759,636				4,736,537
Weighted average common shares outstanding - basic (1)			4,758,494				4,752,864				4,730,201				4,756,008				4,753,107
Weighted average common shares outstanding - diluted (1)			4,772,355				4,759,498				4,748,090				4,765,348				4,771,869
Tax equivalent net interest income		$	9,815			$	10,185			$	9,486			$	29,800			$	27,048

(1) Share and per share values at or for the periods ended September 30, 2020 have been adjusted to give effect to the 5% stock dividend paid during December 2020.

LANDMARK BANCORP, INC. AND SUBSIDIARIES

Select Ratios and Other Data (unaudited)

(Dollars in thousands, except per share amounts)		As of or for the three months ended,												As of or for the nine months ended,
		September 30,				June 30,				September 30,				September 30,				September 30,
		2021				2021				2020				2021				2020
Performance ratios:
Return on average assets (1)			1.42	%			1.59	%			1.89	%			1.59	%			1.71	%
Return on average equity (1)			13.36	%			15.40	%			18.06	%			15.23	%			16.19	%
Net interest margin (1)(2)			3.36	%			3.54	%			3.60	%			3.47	%			3.66	%
Effective tax rate			19.8	%			20.5	%			21.5	%			20.3	%			20.8	%
Efficiency ratio (3)			61.2	%			58.9	%			56.2	%			59.8	%			59.6	%
Non-interest income to total income (3)			36.0	%			35.3	%			44.7	%			36.1	%			40.7	%
Average balances:
Investment securities		$	357,652			$	340,306			$	307,904			$	335,186			$	327,608
Loans			667,952				709,872				720,742				702,450				647,535
Assets			1,261,954				1,253,995				1,144,852				1,248,827				1,082,473
Interest-bearing deposits			769,658				771,728				690,900				768,057				663,480
Subordinated debentures and other borrowings			27,003				26,038				40,133				26,872				40,079
Stockholders’ equity			134,167				129,744				119,529				130,521				114,608
Average tax equivalent yield/cost (1):
Investment securities			1.86	%			2.00	%			2.54	%			2.05	%			2.63	%
Loans			5.03	%			5.00	%			4.42	%			4.90	%			4.73	%
Total interest-bearing assets			3.49	%			3.67	%			3.79	%			3.61	%			3.97	%
Interest-bearing deposits			0.13	%			0.14	%			0.20	%			0.14	%			0.36	%
Subordinated debentures and other borrowings			1.76	%			1.86	%			1.35	%			1.80	%			1.78	%
Total interest-bearing liabilities			0.19	%			0.19	%			0.27	%			0.20	%			0.44	%
Capital ratios:
Equity to total assets			10.79	%			10.58	%			10.61	%
Tangible equity to tangible assets (3)			9.52	%			9.30	%			9.20	%
Book value per share		$	28.45			$	27.83			$	25.73
Tangible book value per share (3)		$	24.74			$	24.11			$	21.98
Rollforward of allowance for loan losses:
Beginning balance		$	9,163			$	9,271			$	7,747			$	8,775			$	6,467
Charge-offs			(616	)			(228	)			(407	)			(908	)			(803	)
Recoveries			219				120				26				399				102
Provision for loan losses			-				-				1,000				500				2,600
Ending balance		$	8,766			$	9,163			$	8,366			$	8,766			$	8,366
Non-performing assets:
Non-accrual loans		$	9,829			$	13,297			$	6,346
Accruing loans over 90 days past due			-				-				-
Non-performing investment securities			-				-				-
Real estate owned			2,578				1,385				1,488
Total non-performing assets		$	12,407			$	14,682			$	7,834
30-89 days delinquent loans		$	1,542			$	1,881			$	3,687
Other ratios:
Loans to deposits			61.58	%			62.51	%			76.01	%
Loans 30-89 days delinquent and still accruing to gross loans outstanding			0.23	%			0.27	%			0.50	%
Total non-performing loans to gross loans outstanding			1.48	%			1.94	%			0.86	%
Total non-performing assets to total assets			0.99	%			1.17	%			0.68	%
Allowance for loan losses to gross loans outstanding			1.32	%			1.34	%			1.13	%
Allowance for loan losses to gross loans outstanding excluding PPP loans			1.38	%			1.47	%			1.51	%
Allowance for loan losses to total non-performing loans			89.19	%			68.91	%			131.83	%
Net loan charge-offs to average loans (1)			0.24	%			0.06	%			0.21	%			0.10	%			0.14	%

(1) Information is annualized.

(2) Net interest margin is presented on a fully tax equivalent basis, using a 21% federal tax rate.

(3) Non-GAAP financial measures. See the “Non-GAAP Financial Measures” section of this press release for a reconciliation to the most comparable GAAP equivalent.

LANDMARK BANCORP, INC. AND SUBSIDIARIES

Non-GAAP Finacials Measures (unaudited)

(Dollars in thousands, except per share amounts)		As of or for the three months ended,												As of or for the nine months ended,
		September 30,				June 30,				September 30,				September 30,				September 30,
		2021				2021				2020				2021				2020
Non-GAAP financial ratio reconciliation:
Total non-interest expense		$	9,443			$	9,190			$	9,522			$	27,706			$	26,745
Less: foreclosure and real estate owned expense			(215	)			(65	)			(68	)			(291	)			(110	)
Less: amortization of other intangibles			(28	)			(36	)			(45	)			(102	)			(137	)
Adjusted non-interest expense (A)			9,200				9,089				9,409				27,313				26,498
Net interest income (B)			9,613				9,980				9,267				29,184				26,384
Non-interest income			5,465				5,473				8,165				17,663				20,490
Less: gains on sales of investment securities, net			(30	)			(33	)			(678	)			(1,138	)			(2,448	)
Less: gains on sales of premises and equipment and foreclosed assets			(19	)			-				(6	)			(24	)			39
Adjusted non-interest income (C)		$	5,416			$	5,440			$	7,481			$	16,501			$	18,081
Efficiency ratio (A/(B+C))			61.2	%			58.9	%			56.2	%			59.8	%			59.6	%
Non-interest income to total income (C/(B+C))			36.0	%			35.3	%			44.7	%			36.1	%			40.7	%
Total stockholders’ equity		$	135,406			$	132,356			$	121,870
Less: goodwill and other intangible assets			(17,636	)			(17,664	)			(17,778	)
Tangible equity (D)		$	117,770			$	114,692			$	104,092
Total assets		$	1,254,534			$	1,250,426			$	1,148,942
Less: goodwill and other intangible assets			(17,636	)			(17,664	)			(17,778	)
Tangible assets (E)		$	1,236,898			$	1,232,762			$	1,131,164
Tangible equity to tangible assets (D/E)			9.52	%			9.30	%			9.20	%
Shares outstanding at end of period (F)			4,759,636				4,756,604				4,736,537
Tangible book value per share (D/F)		$	24.74			$	24.11			$	21.98