Legend Bancorp, N.A.

Statement of Condition


December 31, 2019

December 31, 2018

Cash & Due From Banks

12,768,902

12,337,953

Federal Agency Issues

129,592,802

125,675,690

Obligations of States and Political Subdivisions

41,421,221 39,473,175

Other Securities

7,577,762

7,197,275

Federal Reserve Bank Stock/FHLB Stock

2,135,707

1,763,378

Federal Funds Sold

0

0

Interest Bearing in Other Banks

804,842

0

Loans

513,299,157

461,218,804

Reserve for Bad Debts

(6,802,661)

(5,631,992)

Fixed Assets

23,245,936

20,481,640

Accrued Interest Income

5,372,241

4,991,051

Other Assets

33,028,904

30,491,628

Total Assets
$762,444,814
$697,998,602

Dividends Payable

0

0

Accrued Expenses Payable

2,202,790

1,857,674

Other Liabilities

9,859,771

19,361,564

Subordinated Debentures

10,310,000

11,310,000

Demand Deposits - Non-Interest Bearing

143,029,303

144,578,257

Interest Bearing Deposits

509,000,515 $440,629,273
Total Liabilities
$674,402,378
$617,736,768

Capital Stock

987,016

987,016

Surplus

8,948,615

8,948,615

Retained Earnings

86,535,760

80,875,060

(Less: Treasury Stock)

(8,354,787)

(5,199,762)

Net Unrealized Gains (Losses) on Available For Sale Securities

(74,168)

(5,349,094)

Total Capital
$88,042,436
$80,261,835