Exhibit 99.1

PRESS RELEASE

FOR IMMEDIATE RELEASE	Contact:
May 1, 2024	Mark A. Herpich
	Chief Financial Officer
	(785) 565-2000

Landmark Bancorp, Inc. Announces First Quarter Earnings Per Share of $0.51

Declares Cash Dividend of $0.21 per Share

(Manhattan, KS, May 1, 2024) – Landmark Bancorp, Inc. (“Landmark”; Nasdaq: LARK) reported diluted earnings per share of $0.51 for the three months ended March 31, 2024, compared to $0.48 per share in the fourth quarter of 2023 and $0.61 per share in the same quarter last year. Net earnings for the first quarter of 2024 amounted to $2.8 million, compared to $2.6 million in the prior quarter and $3.4 million for the first quarter of 2023. For the three months ended March 31, 2024, the return on average assets was 0.72%, the return on average equity was 8.88%, and the efficiency ratio was 73.0%.

In announcing these results, Abby Wendel, President and Chief Executive Officer of Landmark, said, “We are pleased with our first quarter results, which included continued solid loan growth, controlled expenses, and good credit quality. Compared to the fourth quarter 2023, total gross loans increased by $15.4 million, or 6.5% on an annualized basis, reflecting solid demand for residential mortgage, construction and commercial loans. Average interest-bearing deposits also increased $24.8 million this quarter. Net interest income totaled $10.7 million, a decrease of 1.3% from the prior quarter, as increased interest costs on deposits outpaced growth in interest income on loans. Our net interest margin increased slightly to 3.12% aided by relatively stable interest rates this quarter from the fourth quarter. Non-interest income increased $1.1 million as the fourth quarter of 2023 included a $1.2 million loss on the sale of lower rate investment securities. Our continuing focus on managing non-interest expense resulted in a slight decline this quarter while non-interest expense increased only 2.0% over the same period last year. A provision for credit losses of $300,000 was recorded in the first quarter of 2024 as we increased our allowance for credit losses to reflect the growth in loans.”

Ms. Wendel continued, “The credit quality of our loan portfolio remains excellent. Landmark recorded net loan charge-offs of $7,000 in the first quarter of 2024 compared to $362,000 in the fourth quarter of 2023 and $47,000 in the first quarter of 2023. The ratio of net loan charge-offs to loans remains low. Non-accrual loans totaled $3.6 million, or 0.38%, of gross loans at March 31, 2024 while the balance of loans past due 30 to 89 days totaled $3.9 million, or 0.41%, of gross loans at March 31, 2024. The allowance for credit losses totaled $10.9 million at March 31, 2024, or 1.13% of period end gross loans. Our loans to deposits ratio totaled 73.6% at the end of the first quarter reflecting ample liquidity for future loan growth.”

Landmark’s Board of Directors declared a cash dividend of $0.21 per share, an increase of 5%, to be paid May 29, 2024, to common stockholders of record as of the close of business on May 15, 2024.

Management will host a conference call to discuss the Company’s financial results at 10:00 a.m. (Central time) on Thursday, May 2, 2024. Investors may participate via telephone by dialing (833) 470-1428 and using access code 688391. A replay of the call will be available through June 1, 2024, by dialing (866) 813-9403 and using access code 260752.

SUMMARY OF FIRST QUARTER RESULTS

Net Interest Income

Net interest income in the first quarter of 2024 amounted to $10.7 million representing a decrease of $139,000, or 1.3%, compared to the previous quarter. This decrease in net interest income was due mainly to higher interest expense on deposits, and was partially offset by growth in interest income on loans and lower interest expense on borrowings. The net interest margin increased to 3.12% during the first quarter. Compared to the previous quarter, interest income on loans increased $267,000, or 1.9%, to $14.5 million due to both higher balances and rates. The average tax-equivalent yield on the loan portfolio increased 12 basis points to 6.16%. Interest expense on deposits increased $578,000, or 11.8%, in the first quarter 2024, compared to the prior quarter, mainly due to higher rates and average balances on interest-bearing deposits. The average rate on interest-bearing deposits increased in the first quarter to 2.35% compared to 2.13% in the prior quarter. Interest on borrowed funds decreased $180,000 due primarily to lower average balances.

Non-Interest Income

Non-interest income totaled $3.4 million for the first quarter of 2024, a decrease of $95,000, or 2.7%, compared to the same period last year and an increase of $1.1 million, or 50.8%, from the previous quarter. The increase in non-interest income compared to the fourth quarter of 2023 was primarily the result of securities losses of $1.2 million taken in the fourth quarter of 2023 which did not re-occur in the current quarter. Gains on sales of one-to-four family residential real estate loans declined $181,000 from the same period last year but increased $257,000 from the prior quarter. Fees and service charges increased $103,000 compared to the same period last year but declined $302,000 from the prior quarter.

Non-Interest Expense

During the first quarter of 2024, non-interest expense totaled $10.6 million, an increase of $208,000, or 2.0%, over the same period in 2023 and a decrease of $11,000 compared to the prior quarter. Compared to the 1^st quarter last year, compensation and benefits were flat while data processing expense declined 18.3%. Amortization expense also declined 10.6% but professional fees and other expenses increased $156,000 and $198,000, respectively. The increase in professional fees was associated with increased legal costs associated with revisions to the Company’s benefit plans while growth in other expense resulted from increased due to a valuation allowance recorded against real estate held for sale and an increase in operating losses incurred.

Income Tax Expense

Landmark recorded income tax expense of $518,000 in the first quarter of 2024 compared to income tax expense of $693,000 in the first quarter of 2023 and an income tax benefit of $111,000 in the fourth quarter of 2023. The effective tax rate was 15.7% in the first quarter of 2024 compared to 17.1% in the first quarter of 2023 and (4.4%) in the fourth quarter of 2023. The fourth quarter of 2023 included the recognition of $517,000 of previously unrecognized tax benefits, which reduced the effective tax rate in the periods.

Liquidity Highlights

In addition to local retail, commercial and public fund deposits, Landmark has access to multiple sources of brokered deposits that can be utilized for liquidity. Landmark also has diverse sources of liquidity available through both secured and unsecured borrowing lines of credit. At March 31, 2024, Landmark had collateral pledged to the Federal Home Loan Bank (“FHLB”) that would allow for an additional $165.3 million of FHLB borrowings. Additionally, investment securities were pledged to the Federal Reserve discount window that provides borrowing capacity with the Federal Reserve of $56.9 million. Landmark also had various other federal funds agreements, both secured and unsecured with correspondent banks totaling approximately $30.0 million in available credit at March 31, 2024.

As of March 31, 2024, Landmark had unpledged available-for-sale investment securities with a fair value of $63.4 million as well as approximately $69.5 million of pledged investment securities in excess of required levels. The average life of the Company’s investment portfolio is approximately 4.2 years and is projected to generate cash flow through maturities of $71.5 million over the next 12 months.

Balance Sheet Highlights

As of March 31, 2024, gross loans totaled $964.0 million, an increase of $15.4 million, or 6.5% annualized since December 31, 2023. During the quarter, loan growth was primarily comprised of one-to-four family residential real estate (growth of $10.3 million), construction and land (growth of $3.7 million), commercial real estate (growth of $2.4 million), municipal (growth of $1.2 million) and commercial (growth of $1.0 million) loans. The increase in one-to-four family residential real estate loans is primarily related to continued demand for adjustable-rate mortgage loans which are retained in our portfolio. Investment securities decreased $15.5 million during the first quarter of 2024, while pre-tax unrealized net losses on these investment securities increased from $21.9 million at December 31, 2023 to $24.4 million at March 31, 2024 mainly due to slightly higher interest rates.

Period end deposit balances decreased $22.7 million to $1.3 billion at March 31, 2024. The decrease in deposits was mainly driven by declines in money market and checking (decrease of $30.3 million) and non-interest-bearing demand (decrease of $2.7 million) in the first quarter but partly offset by higher certificate of deposit accounts and savings accounts, which increased in total by $10.3 million. The decrease in money market and checking accounts was mainly driven by a seasonal decline in public fund deposit account balances. However average interest-bearing deposits increased $24.8 million this quarter. Average borrowings, including FHLB advances and repurchase agreements decreased $11.8 million this quarter. At March 31, 2024, the loan to deposits ratio was 73.6% compared to 71.2% in the prior quarter and 66.4% in the same period last year.

Estimated uninsured deposits, excluding collateralized public fund deposits, totaled $174.2 million and $197.2 million as of March 31, 2024 and December 31, 2023, respectively. This represents approximately 14% of total deposits at March 31, 2024 and compares favorably with other similar community banking organizations. Over 92% of Landmark’s total deposits were considered core deposits at March 31, 2024. These deposit balances are from retail, commercial and public fund customers located in the markets where the Company has bank branch locations. Brokered deposits are considered non-core and totaled $95.7 million at March 31, 2024 compared to $83.2 million at December 31, 2023 and are utilized as an additional source of liquidity.

Stockholders’ equity decreased slightly to $126.7 million (book value of $23.14 per share) as of December 31, 2023, from $126.9 million (book value of $23.17 per share) as of December 31, 2023, primarily due to an increase in other comprehensive losses during the first quarter of 2024. The increase in other comprehensive losses resulted from higher market interest rates which increased the unrealized losses on the Company’s investment securities portfolio. The ratio of equity to total assets increased to 8.16% on March 31, 2024, from 8.13% on December 31, 2023.

The allowance for credit losses totaled $10.9 million, or 1.13% of total gross loans on March 31, 2024, compared to $10.6 million, or 1.12% of total gross loans on December 31, 2023. Net loan charge-offs totaled $7,000 in the first quarter of 2024, compared to $47,000 during the same quarter last year and $362,000 during the fourth quarter of 2023. A provision for credit losses of $300,000 was made in the first quarter of 2024 related to an increase loan balances and unfunded loan commitments.

Non-performing loans totaled $3.6 million, or 0.38% of gross loans at March 31, 2024 compared to $2.4 million, or 0.25% of gross loans at December 31, 2023. Loans 30-89 days delinquent totaled $3.9 million, or 0.41% of gross loans, as of March 31, 2024 compared to $1.6 million, or 0.17% of gross loans, as of December 31, 2023. Real estate owned totaled $428,000 at March 31, 2024.

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, La Crosse, 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 strength of the local, national and international economies, including the effects of inflationary pressures and supply chain constraints on such economies; (ii) changes in state and federal laws, regulations and governmental policies concerning banking, securities, consumer protection, insurance, monetary, trade and tax matters, including any changes in response to the recent failures of other banks; (iii) changes in interest rates and prepayment rates of our assets; (iv) increased competition in the financial services sector and the inability to attract new customers, including from non-bank competitors such as credit unions and “fintech” companies; (v) timely development and acceptance of new products and services; (vi) changes in technology and the ability to develop and maintain secure and reliable electronic systems; (vii) our risk management framework; (viii) interruptions in information technology and telecommunications systems and third-party services; (ix) changes and uncertainty in benchmark interest rates, including the timing of rate changes, if any, by the Federal Reserve; (x) the effects of severe weather, natural disasters, widespread disease or pandemics, or other external events; (xi) the loss of key executives or employees; (xii) changes in consumer spending; (xiii) integration of acquired businesses; (xiv) unexpected outcomes of existing or new litigation; (xv) changes in accounting policies and practices, such as the implementation of the current expected credit losses accounting standard; (xvi) the economic impact of past and any future terrorist attacks, acts of war, including the current Israeli-Palestinian conflict and the conflict in Ukraine, or threats thereof, and the response of the United States to any such threats and attacks; (xvii) the ability to manage credit risk, forecast loan losses and maintain an adequate allowance for loan losses; (xviii) fluctuations in the value of securities held in our securities portfolio; (xix) concentrations within our loan portfolio, large loans to certain borrowers, and large deposits from certain clients; (xx) the concentration of large deposits from certain clients who have balances above current FDIC insurance limits and may withdraw deposits to diversify their exposure; (xxi) the level of non-performing assets on our balance sheets; (xxii) the ability to raise additional capital; (xxiii) cyber-attacks; (xxiv) declines in real estate values; (xxv) the effects of fraud on the part of our employees, customers, vendors or counterparties; and (xxvi) 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)	March 31,			December 31,			September 30,			June 30,			March 31,
	2024			2023			2023			2023			2023
Assets
Cash and cash equivalents	$	16,468		$	27,101		$	23,821		$	20,038		$	23,764
Interest-bearing deposits at other banks		4,920			4,918			5,904			8,336			8,586
Investment securities available-for-sale, at fair value:
U.S. treasury securities		93,683			95,667			118,341			121,480			121,759
U.S. federal agency obligations		-			-			-			-			1,993
Municipal obligations, tax exempt		118,445			120,623			115,706			124,451			128,281
Municipal obligations, taxable		75,371			79,083			73,993			77,713			73,468
Agency mortgage-backed securities		149,777			157,396			148,817			160,734			164,669
Total investment securities available-for-sale		437,276			452,769			456,857			484,378			490,170
Investment securities held-to-maturity		3,584			3,555			3,525			3,496			3,467
Bank stocks, at cost		7,850			8,123			8,009			9,445			6,876
Loans:
One-to-four family residential real estate		312,833			302,544			289,571			259,655			246,079
Construction and land		24,823			21,090			21,657			22,016			23,137
Commercial real estate		323,397			320,962			323,427			314,889			316,900
Commercial		181,945			180,942			185,831			181,424			172,331
Paycheck Protection Program (PPP)		-			-			-			-			21
Agriculture		86,808			89,680			84,560			84,345			80,499
Municipal		5,690			4,507			3,200			2,711			2,004
Consumer		28,544			28,931			29,180			28,219			28,835
Total gross loans		964,040			948,656			937,426			893,259			869,806
Net deferred loan (fees) costs and loans in process		(578	)		(429	)		(396	)		(261	)		2
Allowance for credit losses		(10,851	)		(10,608	)		(10,970	)		(10,449	)		(10,267	)
Loans, net		952,611			937,619			926,060			882,549			859,541
Loans held for sale, at fair value		2,697			853			1,857			3,900			1,839
Bank owned life insurance		38,578			38,333			38,090			37,764			37,541
Premises and equipment, net		20,696			19,709			23,911			24,027			24,241
Goodwill		32,377			32,377			32,377			32,199			32,199
Other intangible assets, net		3,071			3,241			3,414			3,612			3,809
Mortgage servicing rights		2,977			3,158			3,368			3,514			3,652
Real estate owned, net		428			928			934			934			934
Other assets		29,684			28,988			29,459			25,148			24,198
Total assets	$	1,553,217		$	1,561,672		$	1,557,586		$	1,539,340		$	1,520,817
Liabilities and Stockholders’ Equity
Liabilities:
Deposits:
Non-interest-bearing demand		364,386			367,103			395,046			382,410			421,971
Money market and checking		583,315			613,613			586,651			606,474			588,366
Savings		154,000			152,381			157,112			160,426			169,504
Certificates of deposit		191,823			183,154			169,225			131,661			114,189
Total deposits		1,293,524			1,316,251			1,308,034			1,280,971			1,294,030
FHLB and other borrowings		74,716			64,662			74,567			76,185			37,804
Subordinated debentures		21,651			21,651			21,651			21,651			21,651
Repurchase agreements		15,895			12,714			20,592			22,293			28,750
Accrued interest and other liabilities		20,760			19,480			23,185			20,887			20,864
Total liabilities		1,426,546			1,434,758			1,448,029			1,421,987			1,403,099
Stockholders’ equity:
Common stock		55			55			52			52			52
Additional paid-in capital		89,364			89,208			84,568			84,475			84,413
Retained earnings		55,912			54,282			57,280			55,498			53,231
Treasury stock, at cost		(249	)		(75	)		-			-			-
Accumulated other comprehensive (loss) income		(18,411	)		(16,556	)		(32,343	)		(22,672	)		(19,978	)
Total stockholders’ equity		126,671			126,914			109,557			117,353			117,718
Total liabilities and stockholders’ equity	$	1,553,217		$	1,561,672		$	1,557,586		$	1,539,340		$	1,520,817

LANDMARK BANCORP, INC. AND SUBSIDIARIES

Consolidated Statements of Earnings (unaudited)

(Dollars in thousands, except per share amounts)	Three months ended,
	March 31,		December 31,			March 31,
	2024		2023			2023
Interest income:
Loans	$	14,490	$	14,223		$	11,376
Investment securities:
Taxable		2,428		2,453			2,317
Tax-exempt		764		761			786
Interest-bearing deposits at banks		63		49			98
Total interest income		17,745		17,486			14,577
Interest expense:
Deposits		5,457		4,879			2,539
FHLB and other borrowings		1,022		1,203			567
Subordinated debentures		412		422			364
Repurchase agreements		107		96			160
Total interest expense		6,998		6,600			3,630
Net interest income		10,747		10,886			10,947
Provision for credit losses		300		50			49
Net interest income after provision for credit losses		10,447		10,836			10,898
Non-interest income:
Fees and service charges		2,461		2,763			2,358
Gains on sales of loans, net		512		255			693
Bank owned life insurance		245		242			218
Losses on sales of investment securities, net		-		(1,246	)		-
Other		182		240			226
Total non-interest income		3,400		2,254			3,495
Non-interest expense:
Compensation and benefits		5,532		5,756			5,542
Occupancy and equipment		1,390		1,429			1,369
Data processing		481		462			589
Amortization of mortgage servicing rights and other intangibles		412		437			461
Professional fees		647		730			491
Other		2,089		1,748			1,891
Total non-interest expense		10,551		10,562			10,343
Earnings before income taxes		3,296		2,528			4,050
Income tax expense		518		(111	)		693
Net earnings	$	2,778	$	2,639		$	3,357
Net earnings per share (1)
Basic	$	0.51	$	0.48		$	0.61
Diluted		0.51		0.48			0.61
Dividends per share (1)		0.21		0.20			0.20
Shares outstanding at end of period (1)		5,473,867		5,477,595			5,476,354
Weighted average common shares outstanding - basic (1)		5,469,954		5,481,119			5,473,781
Weighted average common shares outstanding - diluted (1)		5,474,852		5,481,119			5,481,722
Tax equivalent net interest income	$	10,925	$	11,017		$	11,144

(1) Share and per share values at or for the period ended March 31, 2023 have been adjusted to give effect to the 5% stock dividend paid during December 2023.

LANDMARK BANCORP, INC. AND SUBSIDIARIES

Select Ratios and Other Data (unaudited)

	As of or for the
(Dollars in thousands, except per share amounts)	three months ended,
	March 31,			December 31,			March 31,
	2024			2023			2023
Performance ratios:
Return on average assets (1)		0.72	%		0.67	%		0.90	%
Return on average equity (1)		8.88	%		9.39	%		12.04	%
Net interest margin (1)(2)		3.12	%		3.11	%		3.31	%
Effective tax rate		15.7	%		-4.4	%		17.1	%
Efficiency ratio (3)		73.0	%		71.9	%		70.1	%
Non-interest income to total income (3)		24.1	%		24.3	%		24.2	%
Average balances:
Investment securities	$	456,933		$	463,763		$	499,538
Loans		945,737			934,333			850,331
Assets		1,555,662			1,555,742			1,511,077
Interest-bearing deposits		935,417			910,610			872,900
FHLB and other borrowings		72,618			84,408			45,217
Subordinated debentures		21,651			21,651			21,651
Repurchase agreements		14,371			13,785			27,548
Stockholders’ equity	$	125,846		$	111,560		$	113,115
Average tax equivalent yield/cost (1):
Investment securities		2.96	%		2.86	%		2.68	%
Loans		6.16	%		6.04	%		5.43	%
Total interest-bearing assets		5.11	%		4.97	%		4.39	%
Interest-bearing deposits		2.35	%		2.13	%		1.18	%
FHLB and other borrowings		5.66	%		5.65	%		5.09	%
Subordinated debentures		7.65	%		7.73	%		6.82	%
Repurchase agreements		2.99	%		2.79	%		2.36	%
Total interest-bearing liabilities		2.70	%		2.54	%		1.52	%
Capital ratios:
Equity to total assets		8.16	%		8.13	%		7.74	%
Tangible equity to tangible assets (3)		6.01	%		5.98	%		5.50	%
Book value per share	$	23.14		$	23.17		$	21.50
Tangible book value per share (3)	$	16.67		$	16.67		$	14.92
Rollforward of allowance for credit losses (loans):
Beginning balance	$	10,608		$	10,970		$	8,791
Adoption of CECL		-			-			1,523
Charge-offs		(141	)		(442	)		(108	)
Recoveries		134			80			61
Provision for credit losses for loans		250			-			-
Ending balance	$	10,851		$	10,608		$	10,267
Allowance for unfunded loan commitments	$	300		$	250		$	200
Non-performing assets:
Non-accrual loans	$	3,621		$	2,391		$	3,311
Accruing loans over 90 days past due		-			-			-
Real estate owned		428			928			934
Total non-performing assets	$	4,049		$	3,319		$	4,245
Loans 30-89 days delinquent	$	4,064		$	1,582		$	1,490
Other ratios:
Loans to deposits		73.64	%		71.23	%		66.42	%
Loans 30-89 days delinquent and still accruing to gross loans outstanding		0.42	%		0.17	%		0.17	%
Total non-performing loans to gross loans outstanding		0.38	%		0.25	%		0.38	%
Total non-performing assets to total assets		0.26	%		0.21	%		0.28	%
Allowance for credit losses to gross loans outstanding		1.13	%		1.12	%		1.18	%
Allowance for credit losses to total non-performing loans		299.67	%		443.66	%		310.09	%
Net loan charge-offs to average loans (1)		0.00	%		0.15	%		0.02	%

(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)

	As of or for the
(Dollars in thousands, except per share amounts)	three months ended,
	March 31,			December 31,			March 31,
	2024			2023			2023
Non-GAAP financial ratio reconciliation:
Total non-interest expense	$	10,551		$	10,562		$	10,343
Less: foreclosure and real estate owned expense		(50	)		(40	)		(17	)
Less: amortization of other intangibles		(170	)		(174	)		(197	)
Less: acquisition costs		-			-			-
Adjusted non-interest expense (A)		10,331			10,348			10,129
Net interest income (B)		10,747			10,886			10,947
Non-interest income		3,400			2,254			3,495
Less: losses (gains) on sales of investment securities, net		-			1,246			-
Less: gains on sales of premises and equipment and foreclosed assets		9			-			(1	)
Adjusted non-interest income (C)	$	3,409		$	3,500		$	3,494
Efficiency ratio (A/(B+C))		73.0	%		71.9	%		70.1	%
Non-interest income to total income (C/(B+C))		24.1	%		24.3	%		24.2	%
Total stockholders’ equity	$	126,671		$	126,914		$	117,718
Less: goodwill and other intangible assets		(35,448	)		(35,618	)		(36,008	)
Tangible equity (D)	$	91,223		$	91,296		$	81,710
Total assets	$	1,553,217		$	1,561,672		$	1,520,817
Less: goodwill and other intangible assets		(35,448	)		(35,618	)		(36,008	)
Tangible assets (E)	$	1,517,769		$	1,526,054		$	1,484,809
Tangible equity to tangible assets (D/E)		6.01	%		5.98	%		5.50	%
Shares outstanding at end of period (F)		5,473,867			5,477,595			5,476,354
Tangible book value per share (D/F)	$	16.67		$	16.67		$	14.92