Resource Bankshares, Inc. Financial Statement  STATEMENT OF FINANCIAL CONDITION
(in thousands)
Holding Company Consolidated
9/30/2023

Holding Company Consolidated
9/30/2022

ASSETS (unaudited)  (unaudited) 
Cash & due from banks $12,163 $13,324
Interest bearing deposits in other banks 10 14
Fed Funds Sold 14,646 2,556
Investment securities: Available-for-sale, at fair market value 209,438 244,503
Held-to-maturity 4,855 4,837
Other stocks, at cost 2,431 2,816
Loans, less allowances for loan losses
(9/30/2023 Allowance for loan losses $4,679,733)
(9/30/2022 Allowance for loan losses $4,504,847)
727,838 653,336
Bank premises & equipment, net of accumulated depreciation 28,985 23,828
Deferred Tax Receivable 3,449 4,219
Accrued interest receivable 2,869 2,124
Other real estate owned 617 674
Other Assets 1,672 1,005
TOTAL ASSETS $1,008,973 $953,236
LIABILITIES  
Deposits  
Demand Deposit Accounts $213,788 $246,196
NOW Accounts 274,423 361,005
Money Market Accounts 50,745 106,385
Saving Accounts 35,448 42,332
Certificates of Deposits $250,000 & over 125,527 26,087
Other Certificates of Deposits 69,510 39,186
Total Deposits 769,441 821,191
Accrued expenses and other liabilities 4,323 4,099
Deferred Tax Payable 111 214
Accrued Interest Payable 3,727 85
Other borrowed funds 133,650 39,000
Total Liabilities $911,252 $864,589
STOCKHOLDERS' EQUITY  
Common stock: $1.00 par value; 2,000,000 shares authorized; 1,615,388 and 1,591,619 shares issued and outstanding at 9/30/2023 and 9/30/2022, respectively. 1,615 1,591
Stock Subscription Receivable (1,665) (1,501)
Capital surplus 21,918 20,868
Retained Earnings 82,888 75,815
Earnings year to date (* Bank Only $5,977,497, year to date) 5,941 7,746
Net unrealized gains (losses) on securities held (12,976) (15,872)
Total Stockholder's Equity 97,721 88,647
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $1,008,973 $953,236
Book value per Share-Undiluted $60.91 $56.03
Book value per Share-Diluted $61.28 $56.87
Quarterly Return on Average Assets (ROA) (*Bank Only as of September 30) 0.80% 1.08%
Quarterly Efficiency Ratio (*Bank Only as of September 30) 70.81% 64.18%
YTD Return on Average Assets (ROA) (*Bank Only as of September 30) 0.81% 1.07%
YTD Efficiency Ratio (*Bank Only as of September 30) 71.23% 63.98%
Tier 1 Capital Total Stockholder's Equity $110,697 $104,519
Tier 1 Capital Book value per share-undiluted $69.00 $66.06
Tier 1 Capital Book value per share-diluted $68.52 $65.68

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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