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 |