Landmark Bank (merged into Simmons Bank)
Landmark Bank reported total assets of $3.6 bn at Q4 2019, its last Call Report before it merged into Simmons Bank. The CET1 capital ratio at Landmark Bank was 12.87%, and the uninsured share of Landmark Bank was 35.98%. Source: FDIC Call Reports.
What sets Landmark Bank apart
Nothing in the latest data sets Landmark Bank apart from banks of its size: no ratio in the top or bottom tenth of its size group, no large rank move or year change, and no acquisition in the FDIC history since 2016. This page is kept out of search results until that changes.
How large is Landmark Bank?
The balance sheet of Landmark Bank at : assets $3.6 bn, deposits $3.1 bn, net loans $2.0 bn (loans equal to 64.64% of deposits). Securities make up 25.7% of total assets at Landmark Bank. Since , when Landmark Bank held $2.5 bn, its assets grew 41.9%. In the year to , deposits at Landmark Bank rose 8.6% while its total assets rose 13.6%. At , Landmark Bank employed 564 full-time equivalent staff across 37 offices, about $6.3 mn of assets per employee and $83.2 mn of deposits per office.
How much funding at Landmark Bank is uninsured?
At Landmark Bank, uninsured deposits (above the FDIC limit) made up 35.98% of domestic deposits at (-2.83 pp on a year earlier). In dollars, Landmark Bank estimated $1.1 bn of uninsured deposits.
Key facts, Q4 2019
| Metric | Value | A year earlier | US rank |
|---|---|---|---|
| Total deposits | $3.1 bn | $2.8 bn (Q4 2018) | |
| Net loans and leases | $2.0 bn | $2.0 bn (Q4 2018) | |
| Loan-to-deposit ratio | 64.64% | 68.94% (Q4 2018) | |
| Tier 1 leverage ratio | 8.84% | 8.50% (Q4 2018) | |
| Total risk-based capital ratio | 13.89% | 13.28% (Q4 2018) | |
| Net interest margin | 0.67% | 3.23% (Q4 2018) | |
| Return on assets (ROA) | -0.01% | 0.94% (Q4 2018) | |
| Efficiency ratio | 96.81% | 67.61% (Q4 2018) | |
| Unrealized gain/loss on available-for-sale securities | Gain of $265,000 | Turned from a loss into a gain | |
| Noncurrent loans to total loans | 0.46% | 0.50% (Q4 2018) | |
| Net charge-offs to average loans | 0.02% | 0.15% (Q4 2018) |
US rank of Landmark Bank: 1 = highest unless marked 1 = lowest.
Balance sheet
Landmark Bank: assets, deposits and loans
- Total assets $3.6bn
- Deposits $3.1bn
- Net loans $2.0bn
Capital and securities
The CET1 ratio of Landmark Bank stood at 12.87% in , +1.66 pp year on year. Low and high at Landmark Bank since : 11.10% () to 12.87% (). Equity capital of Landmark Bank at : $449.9 mn, or 12.7% of total assets. Landmark Bank also reported a total capital ratio of 13.89% for , and a tier 1 leverage ratio of 8.84%.
The available-for-sale portfolio of Landmark Bank showed an unrealized gain of $265,000 at ; the gain turned from a loss into a gain over the year.
Landmark Bank: capital ratios
- Total capital 14%
- CET1 13%
- Tier 1 leverage 8.8%
Landmark Bank: unrealized securities gains and losses
- Available for sale $265,000
- Held to maturity $0
Profitability and loan quality
For the year to , Landmark Bank earned a return on equity of -0.16%; return on assets: -0.01%. Net interest margin at Landmark Bank: 0.67%, -2.57 pp in a year. Landmark Bank net income: -$488,000, down 101.8% year on year. The efficiency ratio of Landmark Bank was 96.81%: about 97 cents cost per revenue dollar, against 61 cents at the median peer.
At , noncurrent loans were 0.46% of total loans at Landmark Bank; net charge-offs: 0.02% of average loans. Gross loans and leases at Landmark Bank: $2.0 bn at , against $2.0 bn at .
Landmark Bank: profitability
- Return on equity -0.2%
- Net interest margin 0.7%
- Return on assets 0.0%
Peer group of Landmark Bank
The peer group of Landmark Bank is the 6 banks nearest to it by total assets at : 3 larger and 3 smaller. Of the peers, 1 shares the charter type of Landmark Bank (state nonmember bank) and 0 have head offices in Missouri. Against them, Landmark Bank shows CET1 ratio 12.87% against a peer median of 12.03%, return on equity -0.16% against a peer median of 12.93% and uninsured deposit share 35.98% against a peer median of 34.97%.
| Bank | Charter | State | Total assets | CET1 ratio | Return on equity | Uninsured share | |
|---|---|---|---|---|---|---|---|
| Mercantile Bank | State nonmember bank | MI | $3.6 bn | 12.24% | 13.27% | 38.84% | |
| Nicolet National Bank | National bank | WI | $3.6 bn | 10.29% | 13.28% | 31.10% | |
| Independent Bank | State member bank | MI | $3.6 bn | 11.96% | 13.56% | 17.36% | |
| Landmark Bank | State nonmember bank | MO | $3.6 bn | 12.87% | -0.16% | 35.98% | |
| CommunityBank of Texas | National bank | TX | $3.5 bn | 14.08% | 11.00% | 53.52% | |
| HomeTrust Bank | State member bank | NC | $3.5 bn | 11.59% | 7.55% | 12.70% | |
| The American National Bank of Texas | National bank | TX | $3.5 bn | 12.10% | 12.58% | 44.97% | |
. FDIC Call Reports.
Last eight quarters
Two years at Landmark Bank, to : assets $2.9 bn to $3.6 bn, deposits $2.6 bn to $3.1 bn, equity $247.5 mn to $449.9 mn. Staff 687 to 564.
| Metric | Q1 2018 | Q2 2018 | Q3 2018 | Q4 2018 | Q1 2019 | Q2 2019 | Q3 2019 | Q4 2019 |
|---|---|---|---|---|---|---|---|---|
| Total assets | $2.9 bn | $3.0 bn | $3.0 bn | $3.1 bn | $3.2 bn | $3.3 bn | $3.3 bn | $3.6 bn |
| Total deposits | $2.6 bn | $2.7 bn | $2.7 bn | $2.8 bn | $2.9 bn | $3.0 bn | $2.9 bn | $3.1 bn |
| Bank equity capital | $247.5 mn | $249.9 mn | $252.7 mn | $262.9 mn | $272.9 mn | $284.8 mn | $295.4 mn | $449.9 mn |
| CET1 ratio | 11.51% | 11.40% | 11.33% | 11.21% | 11.10% | 11.25% | 11.74% | 12.87% |
| Return on equity (ROE) | 5.78% | 8.92% | 10.21% | 11.02% | 11.00% | 12.32% | 13.37% | -0.16% |
| Uninsured share of domestic deposits | 37.49% | 39.98% | 36.51% | 38.81% | 37.40% | 37.50% | 34.82% | 35.98% |
| Full-time equivalent employees | 687 | 695 | 673 | 681 | 699 | 690 | 626 | 564 |
| Number of offices | 37 | 37 | 37 | 37 | 37 | 37 | 37 | 37 |
FDIC Call Reports.
Mergers and acquisitions
The FDIC history of Landmark Bank, oldest first; figures before and after each event are not like for like.
- . Merged into Simmons Bank (FDIC certificate 3890).
Questions and identifiers
What were the total assets of Landmark Bank?
Landmark Bank reported $3.6 bn at in its Call Report.
Is Landmark Bank the same as its holding company?
No. This page covers Landmark Bank, FDIC certificate 4537; SIMMONS FIRST NATIONAL CORP (as reported to the FDIC), its holding company, reports separately to the Federal Reserve.
Is Landmark Bank profitable?
Landmark Bank reported net income of -$488,000 for the year to ; annualized return on equity: -0.16%. So no: Landmark Bank made a loss over these months.
When is data for Landmark Bank next updated?
Landmark Bank no longer files Call Reports; its data ends at .
Where can I check the figures for Landmark Bank?
In the FDIC BankFind Suite record for certificate 4537, and in the Call Reports of Landmark Bank (RSSD ID 103255) at the FFIEC Central Data Repository.