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