Legend Bancorp, N.A.

Statement of Condition


December 31, 2021

December 31, 2020

Cash & Due From Banks

11,017,711

19,447,597

Federal Funds Sold  

24,500,000

26,250,000

Interest Bearing in other banks
850
22,088,440

Securities available for sale  

249,986,260 186,731,928

Securities held to maturity  

1,581,009

1,809,491

Corporate Bonds HTM

5,000,000

0

Loans  

598,755,853

552,682,265

Reserve for Bad Debts 

(8,689,767)

(7,676,491)

Fixed Assets  

21,972,936

22,917,379

Bank-Owned Life Insurance  

20,423,570

19,924,601

Accrued Interest Income 

4,838,347

5,168,662

Other Assets   45,803,579

26,669,436

Total Assets
$975,190,348
$876,013,308
Demand Deposits - Non-Interest Bearing   252,916,341 194,026,851
Interest Bearing Deposits   586,391,796 565,049,670
Total Deposits   839,308,137 759,076,521
Accrued expenses and other liabilities   10,214,477 9,482,299
Fed Funds purchased 0 0
Trust Preferred securities   10,310,000 10,310,000
Total Liabilities
$859,832,614
$778,868,820

Common Stock

1,109,062

987,016

Surplus

23,472,089

8,948,615

Retained Earnings

99,738,893

92,180,397

(Less: Treasury Stock)

(8,647,370)

(8,642,683)

Net Unrealized Gains (Losses) on Available For Sale Securities

(314,940)

3,671,143

Total Capital
$115,357,734
$97,144,488