Legend Bancorp, Inc.

Statement of Condition


December 31, 2023

December 31, 2022

Cash & Due From Banks

15,923,881

16,573,418

Federal Funds Sold  

31,500,000

10,250,000

Securities available for sale  

238,835,649 224,718,707

Securities held to maturity  

1,502,399

1,543,000

Corporate Bonds HTM

7,500,000

7,500,000

Loans  

732,959,895

639,028,550

Reserve for Bad Debts 

(8,871,955)

(9,466,786)

Fixed Assets  

21,399,738

21,487,015

Bank-Owned Life Insurance  

25,634,408

24,980,407

Accrued Interest Income 

5,996,285
4,630,646
Other Assets   38,219,586
43,323,022
Total Assets
$1,110,599,886
$984,567,979
Demand Deposits - Non-Interest Bearing   232,332,579
262,289,121
Interest Bearing Deposits   701,227,711
612,447,848
Total Deposits   933,560,290 874,736,969
Accrued expenses and other liabilities   15,241,769
12,059,131
Federal Funds Purchased 50,000,000
Trust Preferred securities   10,310,000 10,310,000
Total Liabilities
$1,009,112,059
$897,106,100

Common Stock

1,109,062

1,109,062

Surplus

23,472,089

23,472,089

Retained Earnings

114,152,950

106,540,997

(Less: Treasury Stock)

(8,972,330)

(8,647,370)

Net Unrealized Gains (Losses) on Available For Sale Securities

(28,273,944)

(35,012,899)

Total Capital
$101,487,827
$87,461,879