Resource Bankshares, Inc. Financial Statement  STATEMENT OF FINANCIAL CONDITION
(in thousands)
Holding Company Consolidated
3/31/2021
Holding Company Consolidated
3/31/2020
ASSETS (unaudited)  (unaudited) 
Cash & due from banks $14,772 $10,822
Interest bearing deposits in other banks 88 66
Fed Funds Sold 172,464 37,392
Investment securities: Available-for-sale, at fair market value 81,082 45,594
Held-to-maturity 4,809 0
Other stocks, at cost 2,128 2,113
Loans, less allowances for loan losses
(3/31/2021 Allowance for loan losses $4,060,668)
(3/31/2020 Allowance for loan losses $4,477,744)
630,926 663,671
Bank premises & equipment, net of accumulated depreciation 23,870 21,122
Accrued interest receivable 1,739 2,036
Other real estate owned 1,186 1,127
Other Assets 1,053 1,197
TOTAL ASSETS $934,117 $785,140
LIABILITIES  
Deposits  
Demand Deposit Accounts $231,720 $148,605
NOW Accounts 332,562 284,408
Money Market Accounts 109,191 88,163
Saving Accounts 31,875 22,325
Certificates of Deposits $100,000 & over 82,110 97,545
Other Certificates of Deposits 22,312 27,332
Total Deposits 809,770 668,378
Accrued expenses and other liabilities 2,160 1,835
Deferred Tax Payable 496 363
Accrued Interest Payable 160 333
Other borrowed funds 20,000 20,000
Total Liabilities $832,586 $690,909
STOCKHOLDERS' EQUITY  
Common stock: $1.00 par value; 2,000,000 shares authorized; 1,632,284 and 1,612,270 shares issued and outstanding at 03/31/2021 and 03/31/2020, respectively. 1,632 1,612
Stock Subscription Receivable (1,236) (1,135)
Capital surplus 26,500 25,944
Retained Earnings 71,342 64,691
Earnings year to date (* Bank Only $2,487,494, year to date) 2,480 2,471
Net unrealized gains (losses) on securities held 813 648
Total Stockholder's Equity 101,531 94,231
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $934,117 $785,140
Book value per Share-Undiluted $62.20 $58.45
Book value per Share-Diluted $61.58 $57.64
Quarterly Return on Average Assets (ROA) (*Bank Only as of March 31) 1.09% 1.29%
Quarterly Efficiency Ratio (*Bank Only as of March 31) 67.48% 65.15%
YTD Return on Average Assets (ROA) (*Bank Only as of March 31) 1.09% 1.29%
YTD Efficiency Ratio (*Bank Only as of March 31) 67.48% 65.15%

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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