Legend Bancorp, Inc.
Statement of Condition
|
March 31, 2025 |
December 31, 2024 |
Cash & Due From Banks |
18,132,789 |
20,420,785 |
Federal Funds Sold |
85,750,000 |
27,000,000 |
Securities available for sale |
192,228,926 | 208,867,353 |
Securities held to maturity |
1,431,073 |
1,441,651 |
Corporate Bonds HTM |
7,500,000 |
7,500,000 |
Loans |
786,398,612 |
808,454,684 |
Reserve for Bad Debts |
(8,592,273) |
(10,439,997) |
Fixed Assets |
22,124,832 |
21,604,184 |
Bank-Owned Life Insurance |
26,771,935 |
26,584,501 |
Accrued Interest Income |
7,066,729 |
8,130,937 |
Other Assets | 20,819,317 |
20,344,003 |
Total Assets |
$1,159,631,940
|
$1,139,908,101 |
Demand Deposits - Non-Interest Bearing | 237,514,026 |
237,205,299 |
Interest Bearing Deposits | 787,871,148 |
773,348,273 |
Total Deposits | 1,025,385,174 | 1,010,553,572 |
Accrued expenses and other liabilities | 13,887,643 |
13,887,997 |
Federal Funds Purchased | - | - |
Trust Preferred securities | 10,310,000 | 10,310,000 |
Total Liabilities |
$1,049,582,817 |
$1,034,751,569 |
Common Stock |
1,109,062 |
1,109,062 |
Surplus |
23,472,090 |
23,472,089 |
Retained Earnings |
122,668,584 |
121,406,975 |
(Less: Treasury Stock) |
(10,638,470) |
(9,222,330) |
Net Unrealized Gains (Losses) on Available For Sale Securities |
(26,562,143) |
(31,609,264) |
Total Capital |
$110,049,123
|
$105,156,532 |