Legend Bancorp, Inc.

Statement of Condition


March 31, 2023

December 31, 2022

Cash & Due From Banks

17,842,817

16,573,418

Federal Funds Sold  

22,000,000

10,250,000

Securities available for sale  

226,186,129 224,718,707

Securities held to maturity  

1,533,432

1,543,000

Corporate Bonds HTM

7,500,000

7,500,000

Loans  

647,895,412

639,028,550

Reserve for Bad Debts 

(9,431,402)

(9,466,786)

Fixed Assets  

21,872,176

21,487,015

Bank-Owned Life Insurance  

25,140,592

24,980,407

Accrued Interest Income 

4,765,031 4,630,646
Other Assets   43,632,289 43,323,022
Total Assets
$1,008,936,476
$984,567,979
Demand Deposits - Non-Interest Bearing   254,837,606 262,289,121
Interest Bearing Deposits   637,048,069 612,447,848
Total Deposits   891,885,675 874,736,969
Accrued expenses and other liabilities   12,191,242 12,059,131
Trust Preferred securities   10,310,000 10,310,000
Total Liabilities
$914,386,917
$897,106,100

Common Stock

1,109,062

1,109,062

Surplus

23,472,089

23,472,089

Retained Earnings

108,220,629

106,540,997

(Less: Treasury Stock)

(8,720,330)

(8,647,370)

Net Unrealized Gains (Losses) on Available For Sale Securities

(29,531,891)

(35,012,899)

Total Capital
$94,549,559
$87,461,879