Legend Bancorp, N.A.
Statement of Condition
|
December 31, 2021 |
December 31, 2020 |
Cash & Due From Banks |
11,017,711 |
19,447,597 |
Federal Funds Sold |
24,500,000 |
26,250,000 |
Interest Bearing in other banks
|
850
|
22,088,440 |
Securities available for sale |
249,986,260 | 186,731,928 |
Securities held to maturity |
1,581,009 |
1,809,491 |
Corporate Bonds HTM |
5,000,000 |
0 |
Loans |
598,755,853 |
552,682,265 |
Reserve for Bad Debts |
(8,689,767) |
(7,676,491) |
Fixed Assets |
21,972,936 |
22,917,379 |
Bank-Owned Life Insurance |
20,423,570 |
19,924,601 |
Accrued Interest Income |
4,838,347 |
5,168,662 |
Other Assets | 45,803,579 |
26,669,436 |
Total Assets |
$975,190,348 |
$876,013,308 |
Demand Deposits - Non-Interest Bearing | 252,916,341 | 194,026,851 |
Interest Bearing Deposits | 586,391,796 | 565,049,670 |
Total Deposits | 839,308,137 | 759,076,521 |
Accrued expenses and other liabilities | 10,214,477 | 9,482,299 |
Fed Funds purchased | 0 | 0 |
Trust Preferred securities | 10,310,000 | 10,310,000 |
Total Liabilities |
$859,832,614 |
$778,868,820 |
Common Stock |
1,109,062 |
987,016 |
Surplus |
23,472,089 |
8,948,615 |
Retained Earnings |
99,738,893 |
92,180,397 |
(Less: Treasury Stock) |
(8,647,370) |
(8,642,683) |
Net Unrealized Gains (Losses) on Available For Sale Securities |
(314,940) |
3,671,143 |
Total Capital |
$115,357,734 |
$97,144,488 |