Legend Bancorp, Inc.
Statement of Condition
|
March 31, 2024 |
December 31, 2023 |
Cash & Due From Banks |
29,357,932 |
15,923,881 |
Federal Funds Sold |
35,000,000 |
31,500,000 |
Securities available for sale |
201,407,890 | 238,835,649 |
Securities held to maturity |
1,473,278 |
1,502,399 |
Corporate Bonds HTM |
7,500,000 |
7,500,000 |
Loans |
740,227,773 |
732,959,895 |
Reserve for Bad Debts |
(9,168,354) |
(8,871,955) |
Fixed Assets |
21,698,731 |
21,399,738 |
Bank-Owned Life Insurance |
26,057,157 |
25,634,408 |
Accrued Interest Income |
6,209,006 |
5,996,285 |
Other Assets | 27,477,810 |
38,219,586 |
Total Assets |
$1,087,241,223
|
$1,110,599,886 |
Demand Deposits - Non-Interest Bearing | 240,997,328 |
232,332,579 |
Interest Bearing Deposits | 722,273,128 |
701,227,711 |
Total Deposits | 963,270,456 | 933,560,290 |
Accrued expenses and other liabilities | 13,487,352 |
15,241,769 |
Federal Funds Purchased | - | 50,000,000 |
Trust Preferred securities | 10,310,000 | 10,310,000 |
Total Liabilities |
$987,067,808 |
$1,009,112,059 |
Common Stock |
1,109,062 |
1,109,062 |
Surplus |
23,472,089 |
23,472,089 |
Retained Earnings |
116,139,927 |
114,152,950 |
(Less: Treasury Stock) |
(9,222,330) |
(8,972,330) |
Net Unrealized Gains (Losses) on Available For Sale Securities |
(31,325,333) |
(28,273,944) |
Total Capital |
$100,173,415
|
$101,487,827 |