Landmark Bancorp Inc Q2 2024 Earnings Call Transcript

The following is excerpted from the question-and-answer section of the transcript.

Question: Ross Haberman - RLH Investments - Analyst : Good morning. Nice quarter, having just a couple of quick questions. Could you talk about the mortgage business? What are you seeing today? And has there been any recent pickup in the last couple of weeks with the recent drop in rates? And do you expect given the recent up in rates, a reasonable pickup in the next couple of months? Thanks.

Question: Ross Haberman - RLH Investments - Analyst : And just one follow-up question. If we do see, just say for argument's sake like a quarter cut in September and another quarter in December, how do you see that scenario affecting the margin or the spread?

Question: Ross Haberman - RLH Investments - Analyst : And one final question. Any large expenditures expected in the next quarter or two? Mark Herpich - Landmark Bancorp Inc - Vice President, Secretary, Chief Financial Officer, Treasurer; Executive Vice President and Chief Financial Officer of the Bank No unusual or non-core expenditures are on the docket at this point in time. We've talked about the, our one thing in the second quarter where we're looking at selling a former branch building, but we have that hopefully behind us the close here in a couple of weeks, fingers crossed. But that was the only unusual item that we had in the second quarter to report. And as we said in the core expenses, we were pleased with and think that we should continue to see expenses along those lines. We will continue to look for areas that we can invest in human capital or other products, but we don't envision anything significant.