Legend Bancorp, Inc.
Statement of Condition
|
March 31, 2023 |
December 31, 2022 |
Cash & Due From Banks |
17,842,817 |
16,573,418 |
Federal Funds Sold |
22,000,000 |
10,250,000 |
Securities available for sale |
226,186,129 | 224,718,707 |
Securities held to maturity |
1,533,432 |
1,543,000 |
Corporate Bonds HTM |
7,500,000 |
7,500,000 |
Loans |
647,895,412 |
639,028,550 |
Reserve for Bad Debts |
(9,431,402) |
(9,466,786) |
Fixed Assets |
21,872,176 |
21,487,015 |
Bank-Owned Life Insurance |
25,140,592 |
24,980,407 |
Accrued Interest Income |
4,765,031 | 4,630,646 |
Other Assets | 43,632,289 | 43,323,022 |
Total Assets |
$1,008,936,476 |
$984,567,979 |
Demand Deposits - Non-Interest Bearing | 254,837,606 | 262,289,121 |
Interest Bearing Deposits | 637,048,069 | 612,447,848 |
Total Deposits | 891,885,675 | 874,736,969 |
Accrued expenses and other liabilities | 12,191,242 | 12,059,131 |
Trust Preferred securities | 10,310,000 | 10,310,000 |
Total Liabilities |
$914,386,917 |
$897,106,100 |
Common Stock |
1,109,062 |
1,109,062 |
Surplus |
23,472,089 |
23,472,089 |
Retained Earnings |
108,220,629 |
106,540,997 |
(Less: Treasury Stock) |
(8,720,330) |
(8,647,370) |
Net Unrealized Gains (Losses) on Available For Sale Securities |
(29,531,891) |
(35,012,899) |
Total Capital |
$94,549,559 |
$87,461,879 |