Financial Statement


Resource Bankshares, Inc. Financial Statement

 

STATEMENT OF FINANCIAL CONDITION
(in thousands)

Holding
Company Consolidated
3/31/2019 (unaudited)
Holding
Company Consolidated
3/31/2018 (unaudited)

ASSETS    
Cash & due from banks $15,560 $8,749
Interest bearing deposits in other banks 112 0
Fed Funds Sold 42,410 23,699
Investment securities: Available-for-sale, at fair market value 40,730 43,752
Other stocks, at cost 4,688 4,105
Loans, less allowances for loan losses 634,454 598,950
(03/31/19 Allowance for loan losses $ 4,190,011)    
(03/31/18 Allowance for loan losses $ 3,958,547)    
Bank premises & equipment, net of accumulated depreciation 20,374 19,449
Deferred Tax receivable 0 146
Accrued interest receivable 1,960 1762
Other real estate owned 988 1,124
Other Assets 1,081 805
TOTAL ASSETS $762,303 $702,541

LIABILITIES

   
Deposits    
Demand Deposit Accounts 151,970 137,252
NOW Accounts 258,221 251,612
Money Market Accounts 88,782 90,852
Saving Accounts 21,428 22,993
Certificates of Deposits $100,000 & over 78,016 41,600
Other Certificates of Deposits  20,132 22,765
Total Deposits 618,549 567,074
Accrued expenses and other liabilities 2,197 1,687
Deferred Tax Payable 149 186
Accrued Interest Payable 342 149
Other borrowed funds 54,000 53,000
Total Liabilities $675,237 $622,096

STOCKHOLDERS' EQUITY

   
Common stock: $1.00 par value; 2,000,000 shares authorized; 1,603,436 and 1,615,305 shares issued and outstanding at 03/31/2019 and 03/31/2018, respectively.
1,603 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 26,010 27,537

Retained Earnings

57,819 50,360

Earnings year to date (* Bank Only $2,508,763, year to date)

2,498 2,443

Net unrealized gains (losses) on securities held

172 (551)
Total Stockholder's Equity 87,066 80,445

TOTAL LIABILITIES AND STOCKHOLDERS EQUITY

$762,303 $702,541

Book value per Share-Undiluted $54.30 $49.80
Book value per Share Diluted $53.39 $48.91

Quarterly Return on Average Assets (ROA)
(*Bank Only as of March 31)

1.37% 1.44%

Quarterly Efficiency Ratio (*Bank Only as of March 31)

63.40% 64.92%

YTD Return on Average Assets (ROA)
(*Bank Only as of March 31)

1.37% 1.44%

YTD Efficiency Ratio (*Bank Only as of March 31)

63.40% 64.92%

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