Resource Bank | Statement of Financial Condition

Resource Bankshares, Inc. Financial Statement STATEMENT OF FINANCIAL CONDITION (in thousands)	Holding Company Consolidated 3/31/2026	Holding Company Consolidated 3/31/2025
ASSETS	(unaudited)	(unaudited)
Cash & due from banks	$13,835	$12,965
Interest bearing deposits in other banks	5	15
Fed Funds Sold	1,492	42,590
Investment securities: Available-for-sale, at fair value	81,259	114,051
Held-to-maturity	4,903	4,883
Other stocks, at cost	2,741	3,197
Deferred Tax Receivable	639	1,275
Loans, less allowances for credit losses (03/31/2026 Allowance for loan losses $3,406,000) (03/31/2025 Allowance for loan losses $5,078,000)	794,073	783,354
Bank premises & equipment, net of accumulated depreciation	31,893	30,664
Accrued interest receivable	2,694	2,818
Other real estate owned	0	665
Other Assets	3,154	2,473
TOTAL ASSETS	$936,688	$998,950
LIABILITIES
Deposits
Demand Deposit Accounts	$210,210	$199,067
NOW Accounts	228,016	257,669
Money Market Accounts	56,912	59,085
Saving Accounts	32,924	32,650
Certificates of Deposits $250,000 & over	194,476	203,205
Other Certificates of Deposits	78,378	89,187
Total Deposits	800,916	840,863
Accrued expenses and other liabilities	4,535	2,788
Deferred Tax Payable	115	343
Accrued Interest Payable	1,611	2,073
Other borrowed funds	9,500	40,000
Total Liabilities	$816,677	$886,067
STOCKHOLDERS' EQUITY20
Common stock: $1.00 par value; 2,000,000 shares authorized; 1,613,942 and 1,643,467 shares issued and outstanding at 03/31/2026 and 03/31/2025, respectively.	1,614	1,643
Preferred stock; $0.00 par value; 100,000 shares authorized; no shares issued and outstanding.	0	0
Stock Subscription Receivable	(2,321)	(2,180)
Capital surplus	19,233	22,988
Retained Earnings	99,684	92,918
Earnings year to date (* Bank Only $4,228,335, year to date)	4,207	2,309
Net unrealized gains (losses) on securities held	(2,406)	(4,795)
Total Stockholder's Equity	120,011	112,883
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	$936,688	$998,950
Book value per Share-Undiluted	$74.47	$68.77
Book value per Share-Diluted	$74.17	$68.73
Quarterly Return on Average Assets (ROA) (*Bank Only as of March 31)	1.82%	0.96%
Quarterly Efficiency Ratio (*Bank Only as of March 31)	68.24%	70.53%
YTD Return on Average Assets (ROA) (*Bank Only as of March 31)	1.82%	0.96%
YTD Efficiency Ratio (*Bank Only as of March 31)	68.24%	70.53%
Tier 1 Capital Total Stockholder's Equity	$122,417	$117,678
Tier 1 Capital Book value per share-undiluted	$75.96	$71.70
Tier 1 Capital Book value per share-diluted	$75.56	$71.42

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.