Legend Bancorp, Inc.

Statement of Condition


March 31, 2025

December 31, 2024

Cash & Due From Banks

18,132,789

20,420,785

Federal Funds Sold  

85,750,000

27,000,000

Securities available for sale  

192,228,926 208,867,353

Securities held to maturity  

1,431,073

1,441,651

Corporate Bonds HTM

7,500,000

7,500,000

Loans  

786,398,612

808,454,684

Reserve for Bad Debts 

(8,592,273)

(10,439,997)

Fixed Assets  

22,124,832

21,604,184

Bank-Owned Life Insurance  

26,771,935

26,584,501

Accrued Interest Income 

7,066,729
8,130,937
Other Assets   20,819,317
20,344,003
Total Assets
$1,159,631,940
$1,139,908,101
Demand Deposits - Non-Interest Bearing   237,514,026
237,205,299
Interest Bearing Deposits   787,871,148
773,348,273
Total Deposits   1,025,385,174 1,010,553,572
Accrued expenses and other liabilities   13,887,643
13,887,997
Federal Funds Purchased - -
Trust Preferred securities   10,310,000 10,310,000
Total Liabilities
$1,049,582,817
$1,034,751,569

Common Stock

1,109,062

1,109,062

Surplus

23,472,090

23,472,089

Retained Earnings

122,668,584

121,406,975

(Less: Treasury Stock)

(10,638,470)

(9,222,330)

Net Unrealized Gains (Losses) on Available For Sale Securities

(26,562,143)

(31,609,264)

Total Capital
$110,049,123
$105,156,532