Financial Statement


Resource Bankshares, Inc. Financial Statement

 

STATEMENT OF FINANCIAL CONDITION
(in thousands)

Holding
Company Consolidated
12/31/2019 (unaudited)
Holding
Company Consolidated
12/31/2018 (unaudited)

ASSETS    
Cash & due from banks $9,570 $8,983
Interest bearing deposits in other banks 109 47
Fed Funds Sold 29,318 34,037
Investment securities: Available-for-sale, at fair market value 45,011 43,117
Other stocks, at cost 2,105 4,251
Loans, less allowances for loan losses 641,666 632,283
(12/31/19 Allowance for loan losses $4,281,728)    
(12/31/18 Allowance for loan losses $4,120,180)    
Bank premises & equipment, net of accumulated depreciation 21,014 20,394
Deferred Tax receivable 0 107
Accrued interest receivable 1,987 1,960
Other real estate owned 1,127 1,040
Other Assets 1,101 922
TOTAL ASSETS $753,008 $747,141

LIABILITIES

   
Deposits    
Demand Deposit Accounts 146,646 142,385
NOW Accounts 275,826 246,530
Money Market Accounts 91,243 93,393
Saving Accounts 21,926 22,176
Certificates of Deposits $100,000 & over 79,414 52,895
Other Certificates of Deposits  23,395 20,721
Total Deposits 638,450 587,100
Accrued expenses and other liabilities 1,011 1,202
Deferred Tax Payable 243 186
Accrued Interest Payable 693 236
Other borrowed funds 20,000 81,000
Total Liabilities $660,397 $660,724

STOCKHOLDERS' EQUITY

   
Common stock: $1.00 par value; 2,000,000 shares authorized;
  1,612,055 and 1,625,245 shares issued and outstanding at 12/31/2019 and 12/31/2018, respectively.
1,612 1,625
Preferred stock: $0.00 par value; 100,000 shares authorized; no shares issued or outstanding
0
Stock Subscription Receivable (1,135) (1,036)
Capital surplus 26,113 27,739

Retained Earnings

56,126 49,141

Earnings year to date (* Bank Only $9,418,912, year to date)

9,372 9,238

Net unrealized gains (losses) on securities held

523 (290)
Total Stockholder's Equity 92,611 86,417

TOTAL LIABILITIES AND STOCKHOLDERS EQUITY

$753,008 $747,141

Book value per Share-Undiluted $57.45 $53.17
Book value per Share-Diluted $56.70 $52.38

Quarterly Return on Average Assets (ROA)
(*Bank Only as of December 31)

1.23% 1.29%

Quarterly Efficiency Ratio (*Bank Only as of December 31)

63.09% 63.19%

YTD Return on Average Assets (ROA)
(*Bank Only as of December 31)

1.26% 1.29%

YTD Efficiency Ratio (*Bank Only as of December 31)

64.35% 63.84%

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