Resource Bankshares, Inc. Financial Statement  STATEMENT OF FINANCIAL CONDITION
(in thousands)
Holding Company Consolidated
9/30/2021
Holding Company Consolidated
9/30/2020
ASSETS (unaudited)  (unaudited) 
Cash & due from banks $11,606 $11,853
Interest bearing deposits in other banks 46 86
Fed Funds Sold 111,954 144,601
Investment securities: Available-for-sale, at fair market value 177,947 63,634
Held-to-maturity 4,819 0
Other stocks, at cost 2,133 2,124
Loans, less allowances for loan losses
(9/30/2021 Allowance for loan losses $4,076,217)
(9/30/2020 Allowance for loan losses $4,282,926)
630,016 640,707
Bank premises & equipment, net of accumulated depreciation 23,758 21,441
Accrued interest receivable 1,875 1,721
Other real estate owned 991 1,463
Other Assets 1,101 991
TOTAL ASSETS $966,246 $888,621
LIABILITIES  
Deposits  
Demand Deposit Accounts $238,955 $206,475
NOW Accounts 360,621 302,002
Money Market Accounts 112,133 106,958
Saving Accounts 36,598 29,245
Certificates of Deposits $100,000 & over 73,945 97,798
Other Certificates of Deposits 22,089 22,962
Total Deposits 844,341 765,440
Accrued expenses and other liabilities 4,239 3,763
Deferred Tax Payable 417 523
Accrued Interest Payable 145 513
Other borrowed funds 20,000 20,000
Total Liabilities $869,142 $790,239
STOCKHOLDERS' EQUITY  
Common stock: $1.00 par value; 2,000,000 shares authorized; 1,563,360 and 1,622,289 shares issued and outstanding at 09/30/2021 and 09/30/2020, respectively. 1,563 1,622
Stock Subscription Receivable (1,359) (1,236)
Capital surplus 19,827 26,214
Retained Earnings 69,741 63,072
Earnings year to date (* Bank Only $6,852,520, year to date) 6,820 7,461
Net unrealized gains (losses) on securities held 512 1,249
Total Stockholder's Equity 97,104 98,382
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $966,246 $888,621
Book value per Share-Undiluted $62.11 $60.64
Book value per Share-Diluted $61.88 $60.08
Quarterly Return on Average Assets (ROA) (*Bank Only as of September 30) 0.89% 1.14%
Quarterly Efficiency Ratio (*Bank Only as of September 30) 67.13% 64.41%
YTD Return on Average Assets (ROA) (*Bank Only as of September 30) 0.96% 1.20%
YTD Efficiency Ratio (*Bank Only as of September 30) 67.37% 64.34%

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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