Financial Statement


Resource Bankshares, Inc. Financial Statement

 

STATEMENT OF FINANCIAL CONDITION
(in thousands)

Holding
Company Consolidated
12/31/2018 (unaudited)
Holding
Company Consolidated
12/31/2017 (unaudited)

ASSETS    
Cash & due from banks $8,983 $12,990
Interest bearing deposits in other banks 47 135
Fed Funds Sold 34,037 26,069
Investment securities: Available-for-sale, at fair market value 43,117 40,734
Other stocks, at cost 4,251 4,089
Loans, less allowances for loan losses 632,283 581,019
(12/31/18 Allowance for loan losses $ 4,120,180)    
(12/31/17 Allowance for loan losses $ 3,875,247)    
Bank premises & equipment, net of accumulated depreciation 20,394 19,366
Deferred Tax receivable 107 46
Accrued interest receivable 1,960 1,774
Other real estate owned 1,040 1,617
Other Assets 922 699
TOTAL ASSETS $747,141 $688,538

LIABILITIES

   
Deposits    
Demand deposit accounts $142,385 $133,324
NOW accounts 246,530 231,457
Money market accounts 93,393 82,055
Saving accounts 22,176 23,847
Certificates of Deposits $100,000 & over 52,895 40,194
Other Certificates of Deposits  20,721 22,486
Total Deposits $578,100 $533,363
Accrued expenses and other liabilities 1,202 1,213
Deferred Tax Payable 186 75
Accrued Interest Payable 236 123
Other borrowed funds 81,000 75,000
Total Liabilities $660,724 $609,774

STOCKHOLDERS' EQUITY

   
Common stock: $1.00 par value; 2,000,000 shares authorized; 1,625,245 and 1,614,202 shares issued and outstanding at 12/31/18 and 12/31/17, respectively.
1,625 1,614
Preferred stock: $0.00 par value; 100,000 shares authorized; no shares issued or outstanding
0
Stock Subscription Receivable (1,036) (959)
Capital surplus 27,739 27,518

Retained Earnings

49,141 43,425

Earnings year to date (* Bank Only $9,276,979, year to date)

9,238 7,338

Net unrealized gains (losses) on securities held

(290) (172)
Total Stockholder's Equity 86,417 78,764

TOTAL LIABILITIES AND STOCKHOLDERS EQUITY

$747,141 $688,538

Book value per Share-Undiluted $53.17 $48.79
Book value per Share Diluted $52.38 $47.99

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

1.29% 1.12%

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

63.19% 62.19%

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

1.29% 1.12%

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

63.84% 63.34%

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