Landmark Bancorp Inc. reported unaudited consolidated earnings results for the fourth quarter and year ended December 31, 2011. For the quarter, the company reported net earnings of $1.295 million or $0.47 per basic and diluted share compared to net earnings of $0.844 million or $0.30 per basic and diluted share for the fourth quarter of 2010. Total interest income was $5.627 million against $5.801 million for the same period a year ago. Net interest income was $4.527 million against $4.437 million for the same period a year ago. Earnings before income taxes were $1.226 million against $0.760 million for the same period a year ago. Return on average assets was 0.88% against 0.59% for the same period a year ago. Return on average equity was 8.84% against 6.09% for the same period a year ago. Net earnings up 53% from the fourth quarter of 2010 due to a lower provision for loan losses and reduction in non-interest expenses. The increase in net interest income was a result of average interest-earning asset balances increasing from $499.7 million during the fourth quarter of 2010 to $518.5 million during the fourth quarter of 2011. The increase in net interest income was a result of its average interest-earning asset balances increasing from $499.7 million during the fourth quarter of 2010 to $518.5 million during the fourth quarter of 2011. For the year ended December 31, 2010, the company reported net earnings of $4.484 million or $1.61 per basic and diluted share compared to net earnings of $2.043 million or $0.74 per basic and diluted share in 2009. Total interest income was $22.586 million against $24.351 million for the same period a year ago. Net interest income was $17.927 million against $18.046 million for the same period a year ago. Earnings before income taxes were $4.988 million against $1.428 million for the same period a year ago. Book value per share was $21.24 at December 31, 2011 against $19.44 at December 31, 2010. Return on average assets was 0.78% against 0.35% for the same period a year ago. Return on average equity was 7.98% against 3.73% for the same period a year ago. Net earnings up 119% from 2010, principally due to lower provisions for loan losses in 2011 after moved aggressively in 2010 to resolve a handful of problem loans and to recognize the associated costs. The board of directors declared a cash dividend of $0.19 per share, to be paid March 5, 2012, to common stockholders of record on February 22, 2012. For the quarter, the company recorded an impairment loss of $53,000. The company hopes to continue its trend of solid quarter earnings into 2012.