Resource Bank | Statement of Financial Condition

Resource Bankshares, Inc. Financial Statement STATEMENT OF FINANCIAL CONDITION (in thousands)	Holding Company Consolidated 9/30/2025	Holding Company Consolidated 9/30/2024
ASSETS	(unaudited)	(unaudited)
Cash & due from banks	$8,525	$12,483
Interest bearing deposits in other banks	66	131
Fed Funds Sold	717	667
Investment securities: Available-for-sale, at fair value	99,851	157,805
Held-to-maturity	4,893	4,874
Other stocks, at cost	1,983	4,092
Loans, less allowances for credit losses (9/30/2025 Allowance for loan losses $4,977,000) (9/30/2024 Allowance for loan losses $4,848,000)	782,085	756,711
Bank premises & equipment, net of accumulated depreciation	31,444	30,999
Deferred Tax Receivable	837	1,415
Accrued interest receivable	2,683	2,880
Other real estate owned	603	634
Other Assets	3,347	2,299
TOTAL ASSETS	$937,034	$974,990
LIABILITIES
Deposits
Demand Deposit Accounts	$191,958	$190,279
NOW Accounts	236,092	240,958
Money Market Accounts	51,726	47,903
Saving Accounts	34,167	32,491
Certificates of Deposits $250,000 & over	198,609	180,830
Other Certificates of Deposits	86,524	92,229
Total Deposits	799,076	784,690
Accrued expenses and other liabilities	5,525	4,930
Deferred Tax Payable	324	11
Accrued Interest Payable	2,249	2,709
Other borrowed funds	16,000	72,500
Total Liabilities	$823,174	$864,840
STOCKHOLDERS' EQUITY20
Common stock: $1.00 par value; 2,000,000 shares authorized; 1,608,927 and 1,639,988 shares issued and outstanding at 9/30/2025 and 9/30/2024, respectively.	1,609	1,640
Preferred stock; $0.00 par value; 100,000 shares authorized; no shares issued and outstanding.	0	0
Stock Subscription Receivable	(2,321)	(1,936)
Capital surplus	18,989	23,238
Retained Earnings	91,100	87,034
Earnings year to date (* Bank Only $7,690,972, year to date)	7,633	5,496
Net unrealized gains (losses) on securities held	(3,150)	(5,322)
Total Stockholder's Equity	113,860	110,150
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	$937,034	$974,990
Book value per Share-Undiluted	$69.32	$67.73
Book value per Share-Diluted	$69.33	$67.57
Quarterly Return on Average Assets (ROA) (*Bank Only as of September 30)	1.08%	0.75%
Quarterly Efficiency Ratio (*Bank Only as of September 30)	65.64%	73.88%
YTD Return on Average Assets (ROA) (*Bank Only as of September 30)	1.07%	0.75%
YTD Efficiency Ratio (*Bank Only as of September 30)	67.25%	73.93%
Tier 1 Capital Total Stockholder's Equity	$117,010	$115,472
Tier 1 Capital Book value per share-undiluted	$71.24	$70.05
Tier 1 Capital Book value per share-diluted	$71.10	$69.68

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.