Landmark Bancorp Profits Down 27%

Landmark Bancorp, the La Habra parent company of Landmark Banks, posted second-quarter profit of $316,000, or 18 cents a share, down 27% from net income of $430,000, or 29 cents a share, in the same period a year earlier. For the first six months of 1992, profit dropped 55% to $411,000, or 23 cents a share, from $907,000, or 60 cents a share. Craig D. Collette, president and chief executive, said that six-month earnings were affected by substantial auditing and legal costs in the first quarter. Assets as of June 30 were $228.4 million, up 27% from $179,800 a year earlier.

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