Good day and welcome to the Landmark Bancorp 4Q Earnings Call. All participants will be in listen-only mode. [Operator Instructions] After today’s presentation, there will be an opportunity to ask questions. [Operator Instructions] Please note that this event is being recorded. I would now like to turn the conference over to Mr. Michael Scheopner, President and CEO. Please go ahead, sir.

Thank you and good morning. Thank you for joining our call today to discuss Landmark’s earnings and results of operations for the fourth quarter and the fiscal year ending 2015. Joining the call with me today to discuss various aspects of our fourth quarter and year ending 2015 performance are Mark Herpich, Chief Financial Officer of the Company; and Brad Chindamo, the Company’s Credit Risk Manager. Before we get started, I would like to remind our listeners that some of the information we will be providing today falls under the guidelines for forward-looking statements as defined by the Securities and Exchange Commission. As part of these guidelines, I must point out that any statements made during this presentation that discussion our hopes, beliefs, expectations or predictions of the future are forward-looking statements, and that our actual results could differ materially from those expressed. Additional information on these factors is included from time-to-time in our 10-K and 10-Q filings, which can be obtain by contacting the Company or the SEC. We reported record net earnings of $2.6 billion or $0.71 per share on a fully diluted basis for the fourth quarter 2015. This represents a 23.1% increase over our fourth quarter 2014 earnings level. Our full year 2015 net earnings totaled a record $10.5 million, a 30.5% increase from our previous record earnings reported for the full year 2014. Earnings per share for the year were $2.91 in 2015, up from $2.27 in 2014. Our 2015 return on average assets calculates to 1.21%, the Company's return on average equity for 2015 was 13.81%. Mark and Brad will provide additional detail on Landmark’s financial performance and asset quality metrics later on this call. Best in part as a result of our record financial performance in 2015, I am pleased to report that…

Thanks, Michael and good morning to everyone. As Michael has already summarized our results for the fourth quarter and year ended December 31, 2015, I would like to make a few comments on various elements comprising those earnings results. Starting with the fourth quarter income statement highlights, net interest income increased $246,000 to $6.6 million, a 3.9% increase in comparison to the prior year's fourth quarter. The higher net interest income was primarily driven by 2% increase in our average interest earning assets from $769.7 million in the fourth quarter of 2014 to $785.1 million during the fourth quarter of 2015. Net interest income also benefited from our net interest margin which increased to 3.54% in the fourth quarter of 2015 from 3.46% a year earlier. From a quarter-to-quarter perspective, fourth quarter margin increased from 3.48% in the third quarter of 2015 due in part to higher average interest-earning assets in the fourth quarter. Looking at our provision for loan losses, we did not provide the allowance in either the fourth quarter of 2015 or 2014 as we concluded the allowance for loan losses was adequate at December 31 in both years. Non-interest income increased $294,000 to $4.1 million in the fourth quarter of 2015, up 7.8% as compared to the same period of 2014. Our gains on sales of loans reflected an increase of $394,000 in the fourth quarter of 2015 compared to a year earlier, which was primarily attributable to increased volumes of mortgaged loans originated for sale. Our fourth quarter non-interest expenses increased by $181,000 to $7.3 million on a linked quarter basis, primarily resulting from increases of $140,000 in other non-interest expense and $69,000 in professional fees. The increased other non-interest expense during the fourth quarter of 2015 primarily related to the expanded mortgage banking activity,…

Thanks, Mark, and good morning to everyone. Net loans outstanding as of December 31, 2015 totaled 420 million. This was a $4 million increase from our 2014 yearend total of 416 million in net loans and a $3 million increase from the September 30, 2015 total of 470 million. Our marketing efforts in commercial banking remained focused on building high quality commercial banking relationships. Non-performing loans, which primarily consist of loans greater than 90 days past due, totaled 2.2 million or 0.51% of gross loans as of December 31, 2015. This compares to a level of 1.44% as of yearend 2014 and represents a decline from 4.0 million or 0.94% as of September 30, 2015. Our credit risk and collection efforts continue to be focused on reducing these totals. Another indicator we monitor as part of our credit risk management efforts is our level of loans past due 30 to 89 days. The level of past due loans between 30 and 89 days. The level of past due loans between 30 and 89 days still accruing interest as of December 31, 2015 totaled $1.4 or 0.33% of gross loans. This represents an increase from 0.26% in gross loans as of December 31, 2014. We continue to monitor delinquency trends carefully in all loan categories. Our balance and other assets real estate owned totaled $1 million as of December 31st, an increase from $101,000 in the prior quarter and $255,000 at the previous year end. The other real estate owned balances have grown as a result of efforts to move problem loans through the collection process towards resolution. We continue to market for sale properties held in real estate owned. We recorded net loan recoveries of $1.3 million during the 2015. This compares to net loan charge-offs of $820,000 in 2014.…

Thank you, Brad. And I also want to thank Mark for his comments earlier in this call. Before we go to questions, I just want to summarize by saying that we are pleased with Landmark's operating results for the fourth quarter of 2015, as well as our record financial performance for the year ending 2015. I want to recognize all of my fellow associates at Landmark who deserve efforts that are responsible for our success in 2015. As Mark noted our mortgage loan production levels and the related gain on the sale of loans were also company records. This was accomplished while maintaining a focus on purchase money transactions, the type of transaction that represents a recruiting source of income. Brad detailed our asset quality metrics which reflect extremely high credit quality standards comprised of a portfolios that is diversified and is managed by a team of commercial bankers that compete for high quality business banking relationships to meet these portfolio standards versus competing for loan transaction based on low-price short credit structure compromises. Our efforts to grow our core deposit portfolio resulted in the growth in our gross deposit total of approximately $10 million in 2015. This 2015 growth was focused on what I consider to be truly core deposits, an increase of approximately $28 million and lower cost deposits made up of non-public fund checking accounts, money market accounts, and savings accounts. For our 2015 financial included some first quarter 2015 non-recurring events which both Mark and Brad referenced. The strong core earnings capacity of the Company is evidenced by our results during the remainder of 2015. We believe that the Company's risk management practices and capital strength continue to position us well for long-term growth and I anticipated our trend of solid earnings to continue going forward into 2016. With that, I'll open the call u to questions that anyone might have.

Thank you. And I want to thank everyone for participating in today's earnings call. I appreciate your continued support and confidence in the Company and I look forward to sharing news related to our first quarter 2016 earnings at our next earnings conference call.