Legend Bancorp, N.A.
Statement of Condition
|
|
March 31, 2020 |
December 31, 2019 |
|
Cash & Due From Banks |
18,014,052 |
12,768,902 |
|
Federal Agency Issues |
134,861,304 |
129,592,802 |
|
Obligations of States and Political Subdivisions |
39,501,986 | 41,421,221 |
|
Other Securities |
7,940,141 |
7,577,762 |
|
Federal Reserve Bank Stock/FHLB Stock |
2,139,683 |
2,135,707 |
|
Federal Funds Sold |
28,500,000 |
0 |
|
Interest Bearing in Other Banks |
554,842 |
804,842 |
|
Loans |
506,377,008 |
513,299,157 |
|
Reserve for Bad Debts |
(6,865,216) |
(6,802,661) |
|
Fixed Assets |
23,442,961 |
23,245,936 |
|
Accrued Interest Income |
4,863,621 |
5,372,241 |
|
Other Assets |
33,125,772 |
33,028,904 |
Total Assets |
$792,456,154 |
$762,444,814 |
|
Dividends Payable |
177,046 |
0 |
|
Accrued Expenses Payable |
2,739,577 |
2,202,790 |
|
Other Liabilities |
6,688,507 |
9,859,771 |
|
Subordinated Debentures |
10,310,000 |
10,310,000 |
|
Demand Deposits - Non-Interest Bearing |
151,322,930 |
143,029,303 |
|
Interest Bearing Deposits |
530,531,630 | 509,000,515 |
Total Liabilities |
$701,769,691 |
$674,402,378 |
|
Capital Stock |
987,016 |
987,016 |
|
Surplus |
8,948,615 |
8,948,615 |
|
Retained Earnings |
87,888,524 |
86,535,760 |
|
(Less: Treasury Stock) |
(8,354,787) |
(8,354,787) |
|
Net Unrealized Gains (Losses) on Available For Sale Securities |
1,217,095 |
(74,168) |
Total Capital |
$90,686,463 |
$88,042,436 |
