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    Grant LacKamp • Kornitzer Capital Management

    Grant LacKamp is an Analyst at Kornitzer Capital Management and Buffalo Funds, specializing in equity research with a focus on public companies across multiple sectors. He began his investment career in 2009 and previously served as an Equity Analyst at Mitchell Capital Management from 2021 to 2024 before joining Kornitzer in 2024. LacKamp holds the Chartered Financial Analyst (CFA) designation, underscoring his professional credentials, and brings over 15 years of experience to the firm. Specific performance metrics and company names covered are not publicly disclosed, but his career reflects a consistent trajectory within reputable asset management organizations.

    Grant LacKamp's questions to Landmark Bancorp Inc (LARK) leadership

    Grant LacKamp's questions to Landmark Bancorp Inc (LARK) leadership • Q2 2025

    Question

    The analyst inquired about the loan loss provision, the adequacy of reserves, the expected trend for nonperforming loans, the reasons for the quarterly deposit decrease, and the strategy for using Federal Home Loan Bank borrowings.

    Answer

    The company stated they feel adequately reserved, with the recent provision increase driven by loan growth. A significant non-accrual loan was brought current post-quarter, improving the outlook for nonperforming loans. The deposit dip was attributed to a one-day timing issue with brokered deposits, leading to a temporary increase in FHLB borrowings. The bank has ample borrowing capacity but is focused on growing its core deposit base through its branch network to fund high-quality loan demand.

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    Grant LacKamp's questions to Landmark Bancorp Inc (LARK) leadership • Q2 2025

    Question

    Grant LacKamp of Kornitzer Capital Management inquired about the $1 million loan provision, the adequacy of current reserves, and the expected trend for non-performing loans. He also asked about the quarterly decline in deposits, questioning if it was seasonal, and sought details on the strategy for using Federal Home Loan Bank borrowings.

    Answer

    President & CEO Abby Wendel stated that the provision was primarily driven by strong loan growth and affirmed that reserves are adequate. She noted a significant $2.6 million non-accrual loan was brought current after the quarter ended, suggesting an improving trend. Wendel also outlined a strategic initiative to grow deposits through the bank's branch network in the second half of the year. CFO Mark Herpich explained that the increase in FHLB borrowings was a temporary, one-day event on June 30th due to unsuccessful bids for lower-cost brokered funds and that the bank maintains significant liquidity.

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