Legend Bancorp, N.A.

Statement of Condition


March 31, 2021

December 31, 2020

Cash & Due From Banks

21,000,961

19,447,597

Federal Agency Issues

105,231,944

101,499,855

Obligations of States and Political Subdivisions

92,192,290 87,041,564

Other Securities

8,274,541

8,275,042

Federal Reserve Bank Stock/FHLB Stock

2,146,983

2,146,482

Federal Funds Sold

37,500,000

26,250,000

Interest Bearing in Other Banks

15,203,387

22,088,440

Loans

591,868,979

552,682,265

Reserve for Bad Debts

(8,293,713)

(7,676,491)

Fixed Assets

22,658,073

22,917,379

Accrued Interest Income

4,575,090

5,168,662

Other Assets

37,475,064

 

36,172,513

Total Assets
$929,833,599
$876,013,308

Dividends Payable

0

0

Accrued Expenses Payable

5,100,716

9,482,299

Other Liabilities

0

0

Subordinated Debentures

10,310,000

10,310,000

Demand Deposits - Non-Interest Bearing

211,873,974

194,026,851

Interest Bearing Deposits

605,517,102 565,049,670
Total Liabilities
$832,801,792
$778,868,820

Capital Stock

987,016

987,016

Surplus

8,948,615

8,948,615

Retained Earnings

93,735,515

92,180,397

(Less: Treasury Stock)

(8,647,370)

(8,642,683)

Net Unrealized Gains (Losses) on Available For Sale Securities

2,008,031

3,671,143

Total Capital
$97,031,807
$97,144,488