Legend Bancorp, N.A.

Statement of Condition


June 30, 2020

December 31, 2019

Cash & Due From Banks

15,039,945

12,768,902

Federal Agency Issues

112,117,776

129,592,802

Obligations of States and Political Subdivisions

64,986,195 41,421,221

Other Securities

7,952,666

7,577,762

Federal Reserve Bank Stock/FHLB Stock

2,144,783

2,135,707

Federal Funds Sold

30,050,000

0

Interest Bearing in Other Banks

25,565,516

804,842

Loans

531,380,985

513,299,157

Reserve for Bad Debts

(7,810,776)

(6,802,661)

Fixed Assets

23,199,193

23,245,936

Accrued Interest Income

5,608,847

5,372,241

Other Assets

36,285,051

33,028,904

Total Assets
$846,520,180
$762,444,814

Dividends Payable

251,246

0

Accrued Expenses Payable

2,815,437

2,202,790

Other Liabilities

6,718,051

9,859,771

Subordinated Debentures

10,310,000

10,310,000

Demand Deposits - Non-Interest Bearing

188,512,516

143,029,303

Interest Bearing Deposits

542,235,765 509,000,515
Total Liabilities
$750,843,015
$674,402,378

Capital Stock

987,016

987,016

Surplus

8,948,615

8,948,615

Retained Earnings

90,394,399

86,535,760

(Less: Treasury Stock)

(8,423,687)

(8,354,787)

Net Unrealized Gains (Losses) on Available For Sale Securities

3,770,822

(74,168)

Total Capital
$95,677,165
$88,042,436