Legend Bancorp, N.A.
Statement of Condition
|
|
September 30, 2020 |
December 31, 2019 |
|
Cash & Due From Banks |
25,048,792 |
12,768,902 |
|
Federal Agency Issues |
96,689,755 |
129,592,802 |
|
Obligations of States and Political Subdivisions |
71,627,090 | 41,421,221 |
|
Other Securities |
7,952,666 |
7,577,762 |
|
Federal Reserve Bank Stock/FHLB Stock |
2,145,983 |
2,135,707 |
|
Federal Funds Sold |
33,950,000 |
0 |
|
Interest Bearing in Other Banks |
22,078,262 |
804,842 |
|
Loans |
541,430,947 |
513,299,157 |
|
Reserve for Bad Debts |
(7,839,300) |
(6,802,661) |
|
Fixed Assets |
23,022,051 |
23,245,936 |
|
Accrued Interest Income |
5,353,032 |
5,372,241 |
|
Other Assets |
36,321,514 |
33,028,904 |
Total Assets |
$857,780,792 |
$762,444,814 |
|
Dividends Payable |
240,734 |
0 |
|
Accrued Expenses Payable |
3,581,114 |
2,202,790 |
|
Other Liabilities |
6,842,983 |
9,859,771 |
|
Subordinated Debentures |
10,310,000 |
10,310,000 |
|
Demand Deposits - Non-Interest Bearing |
189,920,149 |
143,029,303 |
|
Interest Bearing Deposits |
549,827,901 | 509,000,515 |
Total Liabilities |
$760,722,881 |
$674,402,378 |
|
Capital Stock |
987,016 |
987,016 |
|
Surplus |
8,948,615 |
8,948,615 |
|
Retained Earnings |
91,561,596 |
86,535,760 |
|
(Less: Treasury Stock) |
(8,642,683) |
(8,354,787) |
|
Net Unrealized Gains (Losses) on Available For Sale Securities |
4,203,366 |
(74,168) |
Total Capital |
$97,057,910 |
$88,042,436 |
