Resource Bankshares, Inc. Financial Statement  STATEMENT OF FINANCIAL CONDITION
(in thousands)
Holding Company Consolidated
3/31/2022
Holding Company Consolidated
3/31/2021
ASSETS (unaudited)  (unaudited) 
Cash & due from banks $16,203 $14,772
Interest bearing deposits in other banks 60 88
Fed Funds Sold 47,737 172,464
Investment securities: Available-for-sale, at fair market value 229,922 81,082
Held-to-maturity 4,828 4,809
Other stocks, at cost 2,138 2,128
Loans, less allowances for loan losses
(03/31/2022 Allowance for loan losses $4,332,037)
(03/31/2021 Allowance for loan losses $4,060,668)
642,053 630,926
Bank premises & equipment, net of accumulated depreciation 23,751 23,870
Deferred Tax Receivable 2,143 0
Accrued interest receivable 1,985 1,739
Other real estate owned 1,035 1,186
Other Assets 1,102 1,053
TOTAL ASSETS $972,957 $934,117
LIABILITIES  
Deposits  
Demand Deposit Accounts $243,505 $231,720
NOW Accounts 392,998 332,562
Money Market Accounts 112,946 109,191
Saving Accounts 38,923 31,875
Certificates of Deposits $100,000 & over 48,505 82,110
Other Certificates of Deposits 21,156 22,312
Total Deposits 858,033 809,770
Accrued expenses and other liabilities 2,142 2,160
Deferred Tax Payable 215 496
Accrued Interest Payable 81 160
Other borrowed funds 20,000 20,000
Total Liabilities $880,471 $832,586
STOCKHOLDERS' EQUITY  
Common stock: $1.00 par value; 2,000,000 shares authorized; 1,579,127 and 1,632,284 shares issued and outstanding at 03/31/2022 and 03/31/2021, respectively. 1,579 1,632
Stock Subscription Receivable (1,359) (1,236)
Capital surplus 20,345 26,500
Retained Earnings 77,405 71,342
Earnings year to date (* Bank Only $2,587,037, year to date) 2,579 2,480
Net unrealized gains (losses) on securities held (8,063) 813
Total Stockholder's Equity 92,486 101,531
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $972,957 $934,117
Book value per Share-Undiluted $58.85 $62.24
Book value per Share-Diluted $59.25 $61.62
Quarterly Return on Average Assets (ROA) (*Bank Only as of March 31) 1.05% 1.09%
Quarterly Efficiency Ratio (*Bank Only as of March 31) 65.34% 67.48%
YTD Return on Average Assets (ROA) (*Bank Only as of March 31) 1.05% 1.09%
YTD Efficiency Ratio (*Bank Only as of March 31) 65.34% 67.48%
Tier 1 Capital Total Stockholder's Equity $100,549 $100,718
Tier 1 Capital Book value per share-undiluted $63.98 $61.75
Tier 1 Capital Book value per share-diluted $63.71 $61.18

Management has elected to omit substantially all of the disclosures and the related statements of income, cash flow and changes in equity required by the generally accepted accounting principles as issued by the U. S. Financial Accounting Standards Board. If the omitted disclosures and the statements of cash flows and changes in equity were included in the financial statements, they might influence the user's conclusions about the company's financial position, results of operations, and cash flows. Accordingly, the financial statements are not designed for those who are not informed about such matters.

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