Resource Bank | Statement of Financial Condition

Resource Bankshares, Inc. Financial Statement STATEMENT OF FINANCIAL CONDITION (in thousands)	Holding Company Consolidated 3/31/2025	Holding Company Consolidated 3/31/2024
ASSETS	(unaudited)	(unaudited)
Cash & due from banks	$12,965	$11,455
Interest bearing deposits in other banks	15	14
Fed Funds Sold	42,590	23,588
Investment securities: Available-for-sale, at fair value	114,051	169,858
Held-to-maturity	4,883	4,865
Other stocks, at cost	3,197	2,757
Loans, less allowances for credit losses (3/31/2025 Allowance for loan losses $5,078,000) (3/31/2024 Allowance for loan losses $4,807,000)	783,354	750,428
Bank premises & equipment, net of accumulated depreciation	30,664	30,580
Deferred Tax Receivable	1,275	2,399
Accrued interest receivable	2,818	8,022
Other real estate owned	665	634
Other Assets	2,473	1,692
TOTAL ASSETS	$998,950	$1,006,292
LIABILITIES
Deposits
Demand Deposit Accounts	$199,067	$195,281
NOW Accounts	257,669	246,754
Money Market Accounts	59,085	52,187
Saving Accounts	32,650	31,174
Certificates of Deposits $250,000 & over	203,205	150,657
Other Certificates of Deposits	89,187	76,901
Total Deposits	840,863	752,954
Accrued expenses and other liabilities	2,788	2,964
Deferred Tax Payable	343	1
Accrued Interest Payable	2,073	3,433
Other borrowed funds	40,000	142,900
Total Liabilities	$866,067	$902,252
STOCKHOLDERS' EQUITY20
Common stock: $1.00 par value; 2,000,000 shares authorized; 1,643,467 and 1,620,320 shares issued and outstanding at 3/31/2025 and 3/31/2024, respectively.	1,643	1,620
Stock Subscription Receivable	(2,180)	(1,665)
Capital surplus	22,988	22,153
Retained Earnings	92,918	88,832
Earnings year to date (* Bank Only $2,317,105, year to date)	2,309	2,086
Net unrealized gains (losses) on securities held	(4,795)	(8,986)
Total Stockholder's Equity	112,883	104,040
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	$998,950	$1,006,292
Book value per Share-Undiluted	$68.77	$64.28
Book value per Share-Diluted	$68.73	$64.33
Quarterly Return on Average Assets (ROA) (*Bank Only as of March 31)	0.96%	0.84%
Quarterly Efficiency Ratio (*Bank Only as of March 31)	70.53%	73.24%
YTD Return on Average Assets (ROA) (*Bank Only as of March 31)	0.96%	0.84%
YTD Efficiency Ratio (*Bank Only as of March 31 )	70.53%	73.24%
Tier 1 Capital Total Stockholder's Equity	$117,678	$113,026
Tier 1 Capital Book value per share-undiluted	$71.70	$69.83
Tier 1 Capital Book value per share-diluted	$71.42	$69.33

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.