Financial Statement


Resource Bankshares, Inc. Financial Statement

 

STATEMENT OF FINANCIAL CONDITION
(in thousands)

Holding
Company Consolidated
3/31/2020 (unaudited)
Holding
Company Consolidated
3/31/2019 (unaudited)

ASSETS    
Cash & due from banks $10,822 $15,560
Interest bearing deposits in other banks 66 112
Fed Funds Sold 37,392 42,410
Investment securities: Available-for-sale, at fair market value 45,594 40,730
Other stocks, at cost 2,113 4,688
Loans, less allowances for loan losses 663,671 634,454
(3/31/20 Allowance for loan losses $4,477,744)    
(3/31/19 Allowance for loan losses $4,190,011)    
Bank premises & equipment, net of accumulated depreciation 21,122 20,374
Accrued interest receivable 2,036 1,906
Other real estate owned 1,127 988
Other Assets 1,197 1,081
TOTAL ASSETS $785,140 $762,303

LIABILITIES

   
Deposits    
Demand Deposit Accounts 148,605 151,970
NOW Accounts 284,408 258,221
Money Market Accounts 88,163 88,782
Saving Accounts 22,325 21,428
Certificates of Deposits $100,000 & over 97,545 78,016
Other Certificates of Deposits  27,332 20,132
Total Deposits 668,378 618,549
Accrued expenses and other liabilities 1,835 2,197
Deferred Tax Payable 363 149
Accrued Interest Payable 333 342
Other borrowed funds 20,000 54,000
Total Liabilities $690,909 $675,237

STOCKHOLDERS' EQUITY

   
Common stock: $1.00 par value; 2,000,000 shares authorized;
  1,612,270 and 1,603,436 shares issued and outstanding at 03/31/2020 and 03/31/2019, respectively.
1,612 1,603
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 25,944 26,010

Retained Earnings

64,961 57,819

Earnings year to date (* Bank Only $2,474,199, year to date)

2,471 2,498

Net unrealized gains (losses) on securities held

648 (172)
Total Stockholder's Equity 94,231 87,066

TOTAL LIABILITIES AND STOCKHOLDERS EQUITY

$785,140 $762,303

Book value per Share-Undiluted $58.45 $54.30
Book value per Share-Diluted $57.64 $53.39

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

1.29% 1.37%

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

65.15% 63.40%

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

1.29% 1.37%

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

65.15% 63.40%

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