Legend Bancorp, N.A.

Statement of Condition


June 30, 2021

December 31, 2020

Cash & Due From Banks

27,312,976

19,447,597

Federal Funds Sold  

30,250,000

26,250,000

Interest Bearing in other banks
 
15,152,651 22,088,440

Securities available for sale  

205,855,107 186,731,928

Securities held to maturity  

1,790,585

1,809,491

Sub Debt

750,000

0

Loans  

598,813,293

552,682,265

Reserve for Bad Debts 

(8,672,538)

(7,676,491)

Fixed Assets  

22,464,408

22,917,379

Bank-Owned Life Insurance  

20,172,823

19,924,601

Accrued Interest Income 

5,346,753

5,168,662

Other Assets   27,180,224

26,669,436

Total Assets
$946,416,282
$876,013,308
Demand Deposits - Non-Interest Bearing   225,589,217 194,026,851
Interest Bearing Deposits   600,039,799 565,049,670
Total Deposits   825,629,016 759,076,521
Accrued expenses and other liabilities   10,932,675 9,482,299
Fed Funds purchased 0 0
Trust Preferred securities   10,310,000 10,310,000
Total Liabilities
$846,871,691
$778,868,820

Common Stock

987,016

987,016

Surplus

8,948,615

8,948,615

Retained Earnings

96,796,631

92,180,397

(Less: Treasury Stock)

(8,647,370)

(8,642,683)

Net Unrealized Gains (Losses) on Available For Sale Securities

1,459,699

3,671,143

Total Capital
$99,544,591
$97,144,488