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Resource Bankshares, Inc. Financial Statement
STATEMENT OF FINANCIAL CONDITION (in thousands) |
Holding Company Consolidated 6/30/2025 |
Holding Company Consolidated 6/30/2024 |
|---|---|---|
| ASSETS | (unaudited) | (unaudited) |
| Cash & due from banks | $10,560 | $10,913 |
| Interest bearing deposits in other banks | 163 | 13 |
| Fed Funds Sold | 6,767 | 30,830 |
| Investment securities: Available-for-sale, at fair value | 104,372 | 161,817 |
| Held-to-maturity | 4,889 | 4,869 |
| Other stocks, at cost | 3,240 | 2,786 |
| Loans, less allowances for credit losses
(6/30/2025 Allowance for loan losses $5,060,000) (6/30/2024 Allowance for loan losses $4,821,000) |
788,732 | 752,654 |
| Bank premises & equipment, net of accumulated depreciation | 31,568 | 30,585 |
| Deferred Tax Receivable | 1,062 | 2,208 |
| Accrued interest receivable | 2,709 | 3,115 |
| Other real estate owned | 841 | 634 |
| Other Assets | 2,311 | 1,730 |
| TOTAL ASSETS | $957,214 | $1,002,154 |
| LIABILITIES | ||
| Deposits | ||
| Demand Deposit Accounts | $190,849 | $194,248 |
| NOW Accounts | 249,960 | 247,519 |
| Money Market Accounts | 48,993 | 67,458 |
| Saving Accounts | 33,309 | 32,666 |
| Certificates of Deposits $250,000 & over | 197,157 | 151,756 |
| Other Certificates of Deposits | 92,357 | 80,390 |
| Total Deposits | 812,625 | 774,037 |
| Accrued expenses and other liabilities | 4,362 | 3,727 |
| Deferred Tax Payable | 333 | 24 |
| Accrued Interest Payable | 2,337 | 4,266 |
| Other borrowed funds | 22,000 | 114,100 |
| Total Liabilities | $841,657 | $896,154 |
| STOCKHOLDERS' EQUITY20 | ||
| Common stock: $1.00 par value; 2,000,000 shares authorized; 1,650,690 and 1,631,081 shares issued and outstanding at 6/30/2025 and 6/30/2024, respectively. | 1,651 | 1,631 |
| Preferred stock; $0.00 par value; 100,000 shares authorized; no shares issued and outstanding. | 0 | 0 |
| Stock Subscription Receivable | (2,321) | (1,765) |
| Capital surplus | 23,334 | 22,702 |
| Retained Earnings | 92,010 | 87,936 |
| Earnings year to date (* Bank Only $4,906,667, year to date) | 4,880 | 3,803 |
| Net unrealized gains (losses) on securities held | (3,997) | (8,307) |
| Total Stockholder's Equity | 115,557 | 106,000 |
| TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY | $957,214 | $1,002,154 |
| Book value per Share-Undiluted | $70.27 | $65.36 |
| Book value per Share-Diluted | $70.15 | $65.38 |
| Quarterly Return on Average Assets (ROA) (*Bank Only as of June 30) | 1.00% | 0.78% |
| Quarterly Efficiency Ratio (*Bank Only as of June 30) | 68.76% | 73.19% |
| YTD Return on Average Assets (ROA) (*Bank Only as of June 30) | 1.02% | 0.78% |
| YTD Efficiency Ratio (*Bank Only as of June 30) | 68.12% | 73.56% |
| Tier 1 Capital Total Stockholder's Equity | $119,554 | $114,307 |
| Tier 1 Capital Book value per share-undiluted | $72.70 | $70.48 |
| Tier 1 Capital Book value per share-diluted | $72.40 | $70.02 |
Management has elected to omit substantially all of the disclosures and the related statements of income, cash flow and changes in equity required by the generally accepted accounting principles as issued by the U. S. Financial Accounting Standards Board. If the omitted disclosures and the statements of cash flows and changes in equity were included in the financial statements, they might influence the user's conclusions about the company's financial position, results of operations, and cash flows. Accordingly, the financial statements are not designed for those who are not informed about such matters.
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