Legend Bancorp, Inc.

Statement of Condition


June 30, 2023

December 31, 2022

Cash & Due From Banks

56,386,038

16,573,418

Federal Funds Sold  

38,500,000

10,250,000

Securities available for sale  

227,372,470 224,718,707

Securities held to maturity  

1,523,249

1,543,000

Corporate Bonds HTM

7,500,000

7,500,000

Loans  

655,115,660

639,028,550

Reserve for Bad Debts 

(9,360,075)

(9,466,786)

Fixed Assets  

22,428,265

21,487,015

Bank-Owned Life Insurance  

25,302,783

24,980,407

Accrued Interest Income 

5,484,909 4,630,646
Other Assets   42,913,422 43,323,022
Total Assets
$1,073,166,721
$984,567,979
Demand Deposits - Non-Interest Bearing   244,886,425 262,289,121
Interest Bearing Deposits   691,261,462 612,447,848
Total Deposits   936,147,887 874,736,969
Accrued expenses and other liabilities   13,897,269 12,059,131
Federal Funds Purchased 20,000,000
Trust Preferred securities   10,310,000 10,310,000
Total Liabilities
$980,355,156
$897,106,100

Common Stock

1,109,062

1,109,062

Surplus

23,472,089

23,472,089

Retained Earnings

110,517,206

106,540,997

(Less: Treasury Stock)

(8,840,330)

(8,647,370)

Net Unrealized Gains (Losses) on Available For Sale Securities

(33,446,462)

(35,012,899)

Total Capital
$92,811,565
$87,461,879