Financial Statement


Resource Bankshares, Inc. Financial Statement

 

STATEMENT OF FINANCIAL CONDITION
(in thousands)

Holding
Company Consolidated
6/30/2019 (unaudited)
Holding
Company Consolidated
6/30/2018 (unaudited)

ASSETS    
Cash & due from banks $19,667 $13,835
Interest bearing deposits in other banks 156 63
Fed Funds Sold 38,099 29,034
Investment securities: Available-for-sale, at fair market value 44,566 42,656
Other stocks, at cost 4,719 4,124
Loans, less allowances for loan losses 631,526 620,179
(06/30/19 Allowance for loan losses $ 4,163,434)    
(06/30/18 Allowance for loan losses $ 4,067,725)    
Bank premises & equipment, net of accumulated depreciation 20,922 20,675
Deferred Tax receivable 0 148
Accrued interest receivable 1,986 1,874
Other real estate owned 988 1,043
Other Assets 1,242 791
TOTAL ASSETS $763,871 $734,422

LIABILITIES

   
Deposits    
Demand Deposit Accounts 162,544 143,614
NOW Accounts 258,655 253,222
Money Market Accounts 85,789 97,406
Saving Accounts 22,226 24,897
Certificates of Deposits $100,000 & over 85,421 43,085
Other Certificates of Deposits  20,963 22,409
Total Deposits 635,598 584,633
Accrued expenses and other liabilities 2,343 2,287
Deferred Tax Payable 260 186
Accrued Interest Payable 445 185
Other borrowed funds 36,00 65,000
Total Liabilities $674,646 $652,291

STOCKHOLDERS' EQUITY

   
Common stock: $1.00 par value; 2,000,000 shares authorized; 1,610,348 and 1,627,311 shares issued and outstanding at 06/30/2019 and 06/30/2018, respectively.
1,610 1,627
Preferred stock: $0.00 par value; 100,000 shares authorized; no shares issued or outstanding
0
Stock Subscription Receivable (1,137) (1,036)
Capital surplus 26,127 27,664

Retained Earnings

57,255 49,954

Earnings year to date (* Bank Only $4,801,035, year to date)

4,779 4,480

Net unrealized gains (losses) on securities held

591 (558)
Total Stockholder's Equity 89,225 82,131

TOTAL LIABILITIES AND STOCKHOLDERS EQUITY

$763,871 $734,422

Book value per Share-Undiluted $55.41 $50.62
Book value per Share-Diluted $54.83 $50.09

Quarterly Return on Average Assets (ROA)
(*Bank Only as of June 30)

1.24% 1.16%

Quarterly Efficiency Ratio (*Bank Only as of June 30)

65.00% 65.14%

YTD Return on Average Assets (ROA)
(*Bank Only as of June 30)

1.30% 1.30%

YTD Efficiency Ratio (*Bank Only as of June 30)

64.21% 65.03%

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