Financial Statement


Resource Bankshares, Inc. Financial Statement

 

STATEMENT OF FINANCIAL CONDITION
(in thousands)

Holding
Company Consolidated
09/30/2018 (unaudited)
Holding
Company Consolidated
09/30/2017 (unaudited)

ASSETS    
Cash & due from banks $11,488 $9,889
Interest bearing deposits in other banks 108 152
Fed Funds Sold 31,770 34,560
Investment securities: Available-for-sale, at fair market value 41,027 41,920
Other stocks, at cost 4,229 3,541
Loans, less allowances for loan losses 631,630 574,543
(09/30/18 Allowance for loan losses $ 4,141,514)    
(09/30/17 Allowance for loan losses $ 3,825,585)    
Bank premises & equipment, net of accumulated depreciation 20,467 19,075
Deferred Tax receivable 190 0
Accrued interest receivable 1,953 1,639
Other real estate owned 1,043 2,720
Other Assets 995 633
TOTAL ASSETS $744,900 $688,672

LIABILITIES

   
Deposits    
Demand deposit accounts $152,063 $135,412
NOW accounts 249,909 238,081
Money market accounts 101,068 84,845
Saving accounts 23,900 25,000
Certificates of Deposits $100,000 & over 41,162 40,382
Other Certificates of Deposits  21,203 22,227
Total Deposits $589,305 $545,947
Accrued expenses and other liabilities 3,179 2,946
Deferred Tax Payable 186 207
Accrued Interest Payable 175 109
Other borrowed funds 68,000 61,900
Total Liabilities $660,845 $611,109

STOCKHOLDERS' EQUITY

   
Common stock: $1.00 par value; 2,000,000 shares authorized; 1,624,878 and 1,612,758 shares issued and outstanding at 09/30/18 and 09/30/17, respectively. As of 09/30/18, a total of 1,628,581 shares issued, however 3,703 are treasury stock. 
1,629 1,615
Preferred stock: $0.00 par value; 100,000 shares authorized; no shares issued or outstanding
0
Stock Subscription Receivable (1,036) (959)
Capital surplus 28,004 27,614
Treasury Stock (227) (123)

Retained Earnings

49,548 43,829

Earnings year to date (* Bank Only $6,880,209, year to date)

6,851 5,420

Net unrealized gains (losses) on securities held

(714) 167
Total Stockholder's Equity 84,055 77,563

TOTAL LIABILITIES AND STOCKHOLDERS EQUITY

$744,900 $688,672

Book value per Share-Undiluted $51.73 $48.09
Book value per Share Diluted $51.15 $47.34

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

1.30% 1.06%

Quarterly Efficiency Ratio (*Bank Only as of Sept. 30)

62.27% 63.19%

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

1.30% 1.12%

YTD Efficiency Ratio (*Bank Only as of Sept. 30)

64.07% 63.74%

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