Legend Bancorp, N.A.

Statement of Condition


September 30, 2020

December 31, 2019

Cash & Due From Banks

25,048,792

12,768,902

Federal Agency Issues

96,689,755

129,592,802

Obligations of States and Political Subdivisions

71,627,090 41,421,221

Other Securities

7,952,666

7,577,762

Federal Reserve Bank Stock/FHLB Stock

2,145,983

2,135,707

Federal Funds Sold

33,950,000

0

Interest Bearing in Other Banks

22,078,262

804,842

Loans

541,430,947

513,299,157

Reserve for Bad Debts

(7,839,300)

(6,802,661)

Fixed Assets

23,022,051

23,245,936

Accrued Interest Income

5,353,032

5,372,241

Other Assets

36,321,514

33,028,904

Total Assets
$857,780,792
$762,444,814

Dividends Payable

240,734

0

Accrued Expenses Payable

3,581,114

2,202,790

Other Liabilities

6,842,983

9,859,771

Subordinated Debentures

10,310,000

10,310,000

Demand Deposits - Non-Interest Bearing

189,920,149

143,029,303

Interest Bearing Deposits

549,827,901 509,000,515
Total Liabilities
$760,722,881
$674,402,378

Capital Stock

987,016

987,016

Surplus

8,948,615

8,948,615

Retained Earnings

91,561,596

86,535,760

(Less: Treasury Stock)

(8,642,683)

(8,354,787)

Net Unrealized Gains (Losses) on Available For Sale Securities

4,203,366

(74,168)

Total Capital
$97,057,910
$88,042,436