Resource Bankshares, Inc. Financial Statement  STATEMENT OF FINANCIAL CONDITION
(in thousands)
Holding Company Consolidated
6/30/2022
Holding Company Consolidated
6/30/2021
ASSETS (unaudited)  (unaudited) 
Cash & due from banks $13,337 $12,586
Interest bearing deposits in other banks 106 120
Fed Funds Sold 24,413 137,532
Investment securities: Available-for-sale, at fair market value 257,106 152,797
Held-to-maturity 4,832 4,814
Other stocks, at cost 2,140 2,131
Loans, less allowances for loan losses
(06/30/2022 Allowance for loan losses $4,386,626)
(06/30/2021 Allowance for loan losses $4,006,796)
646,035 631,838
Bank premises & equipment, net of accumulated depreciation 23,813 23,707
Deferred Tax Receivable 2,851 0
Accrued interest receivable 2,133 1,836
Other real estate owned 991 1,187
Other Assets 987 918
TOTAL ASSETS $978,744 $969,466
LIABILITIES  
Deposits  
Demand Deposit Accounts $248,427 $240,171
NOW Accounts 396,342 351,763
Money Market Accounts 111,175 116,358
Saving Accounts 41,345 35,578
Certificates of Deposits $100,000 & over 45,622 76,606
Other Certificates of Deposits 20,815 22,806
Total Deposits 863,726 843,282
Accrued expenses and other liabilities 2,882 2,601
Deferred Tax Payable 215 478
Accrued Interest Payable 80 157
Other borrowed funds 20,000 20,000
Total Liabilities $886,903 $866,518
STOCKHOLDERS' EQUITY  
Common stock: $1.00 par value; 2,000,000 shares authorized; 1,589,285 and 1,639,089 shares issued and outstanding at 06/30/2022 and 06/30/2021, respectively. 1,589 1,639
Stock Subscription Receivable (1,501) (1,359)
Capital surplus 20,738 26,735
Retained Earnings 76,611 70,523
Earnings year to date (* Bank Only $5,154,566, year to date) 5,130 4,667
Net unrealized gains (losses) on securities held (10,726) 743
Total Stockholder's Equity 91,841 102,948
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $978,744 $969,466
Book value per Share-Undiluted $57.79 $62.81
Book value per Share-Diluted $58.42 $62.44
Quarterly Return on Average Assets (ROA) (*Bank Only as of June 30) 1.05% 0.92%
Quarterly Efficiency Ratio (*Bank Only as of June 30) 64.41% 67.49%
YTD Return on Average Assets (ROA) (*Bank Only as of June 30) 1.06% 1.00%
YTD Efficiency Ratio (*Bank Only as of June 30) 64.33% 67.49%
Tier 1 Capital Total Stockholder's Equity $102,567 $102,205
Tier 1 Capital Book value per share-undiluted $64.54 $62.36
Tier 1 Capital Book value per share-diluted $64.34 $62.05

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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