Resource Bankshares, Inc. Financial Statement  STATEMENT OF FINANCIAL CONDITION
(in thousands)
Holding Company Consolidated
12/31/2020
Holding Company Consolidated
12/31/2019
ASSETS (unaudited)  (unaudited) 
Cash & due from banks $9,236 $9,570
Interest bearing deposits in other banks 161 109
Fed Funds Sold 204,986 29,318
Investment securities: Available-for-sale, at fair market value 66,508 45,011
Other stocks, at cost 2,126 2,105
Loans, less allowances for loan losses
(9/30/20 Allowance for loan losses $4,282,926)
(9/30/19 Allowance for loan losses $4,114,267)
629,812 641,666
Bank premises & equipment, net of accumulated depreciation 21,458 20,014
Accrued interest receivable 1,918 1,987
Other real estate owned 1,496 1,127
Other Assets 999 1,101
TOTAL ASSETS $938,700 $753,008
LIABILITIES  
Deposits  
Demand Deposit Accounts 218,096 146,646
NOW Accounts 344,834 275,826
Money Market Accounts 103,983 91,243
Saving Accounts 28,928 21,926
Certificates of Deposits $100,000 & over 97,139 79,414
Other Certificates of Deposits 22,921 23,395
Total Deposits 815,901 638,450
Accrued expenses and other liabilities 1,387 1,011
Deferred Tax Payable 509 243
Accrued Interest Payable 611 693
Other borrowed funds 20,000 20,000
Total Liabilities $838,408 $660,397
STOCKHOLDERS' EQUITY  
Common stock: $1.00 par value; 2,000,000 shares authorized; 1,622,289 and 1,612,780 shares issued and outstanding at 09/30/2020 and 09/30/2019, respectively. 1,629 1,612
Preferred stock: $0.00 par value; 100,000 shares authorized; no shares issued or outstanding
0 0
Stock Subscription Receivable (1,236) (1,135)
Capital surplus 26,544 26,113
Retained Earnings 62,260 56,126
Earnings year to date (* Bank Only $7,491,691, year to date) 9,899 9,372
Net unrealized gains (losses) on securities held 1,196 523
Total Stockholder's Equity 100,292 92,611
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $938,700 $753,008
Book value per Share-Undiluted $61.55 $57.45
Book value per Share-Diluted $60.92 $56.70
Quarterly Return on Average Assets (ROA) (*Bank Only as of June 30) 1.08% 1.23%
Quarterly Efficiency Ratio (*Bank Only as of June 30) 64.26% 63.09%
YTD Return on Average Assets (ROA) (*Bank Only as of June 30) 1.17% 1.26%
YTD Efficiency Ratio (*Bank Only as of June 30) 64.32% 64.35%

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.

Local Banking. Better Banking.

985.801.1888

Baton Rouge | Bogalusa | Covington | Franklinton | Mandeville | Metairie | New Orleans | Slidell

Find Free ATMs

Search for an ATM near you.

Get Started

Holiday Closures

View RB holiday closures.

Learn More