Financial Statement


Resource Bankshares, Inc. Financial Statement

 

STATEMENT OF FINANCIAL CONDITION
(in thousands)

Holding
Company Consolidated
9/30/2019 (unaudited)
Holding
Company Consolidated
9/30/2018 (unaudited)

ASSETS    
Cash & due from banks $13,773 $11,488
Interest bearing deposits in other banks 93 108
Fed Funds Sold 44,491 31,770
Investment securities: Available-for-sale, at fair market value 45,797 41,027
Other stocks, at cost 2,081 4,229
Loans, less allowances for loan losses 627,436 631,630
(09/30/19 Allowance for loan losses $4,114,267)    
(09/30/18 Allowance for loan losses $4,141,514)    
Bank premises & equipment, net of accumulated depreciation 20,958 20,467
Deferred Tax receivable 0 190
Accrued interest receivable 1,846 1,953
Other real estate owned 1,362 1,043
Other Assets 1,069 995
TOTAL ASSETS $758,906 $744,900

LIABILITIES

   
Deposits    
Demand Deposit Accounts 154,002 152,063
NOW Accounts 264,381 249,909
Money Market Accounts 91,479 101,068
Saving Accounts 21,840 23,900
Certificates of Deposits $100,000 & over 88,508 41,162
Other Certificates of Deposits  23,404 21,203
Total Deposits 643,614 589,305
Accrued expenses and other liabilities 3,373 3,179
Deferred Tax Payable 275 186
Accrued Interest Payable 608 175
Other borrowed funds 20,000 68,000
Total Liabilities $667,870 $660,845

STOCKHOLDERS' EQUITY

   
Common stock: $1.00 par value; 2,000,000 shares authorized;
  1,612,780 and 1,624,878 shares issued and outstanding at 09/30/2019 and 09/30/2018, respectively.
1,613 1,625
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 26,163 27,781

Retained Earnings

56,690 49,548

Earnings year to date (* Bank Only $7,096,213, year to date)

7,064 6,851

Net unrealized gains (losses) on securities held

643 (714)
Total Stockholder's Equity 91,036 84,055

TOTAL LIABILITIES AND STOCKHOLDERS EQUITY

$758,906 $744,900

Book value per Share-Undiluted $56.45 $51.73
Book value per Share-Diluted $55.78 $51.15

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

1.21% 1.30%

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

65.89% 62.27%

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

1.27% 1.30%

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

64.78% 64.07%

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