Financial Statement


Resource Bankshares, Inc. Financial Statement

Click here to download a copy of our Second Quarter 2015 report.

 

STATEMENT OF FINANCIAL CONDITION
(in thousands)

Holding
Company Consolidated
6/30/2015 (unaudited)
Holding
Company Consolidated
6/30/2014 (unaudited)

ASSETS    
Cash & due from banks $8,406 $20,732
Interest bearing deposits in other banks 235 38
Fed Funds Sold 35,217 30,080
Investment & Equity in Resource Trust I & II 124 217
Investment securities available-for-sale, at fair market value 39,343 47,386
Other stocks, at cost 2,589 1,908
Loans, less allowances for loan losses 468,272 406,995
(3/31/15 Allowance for loan losses $ 3,373,811)    
(3/31/14 Allowance for loan losses $ 3,048,978)    
Bank premises & equipment, net of accumulated depreciation 16,479 14,928
Deferred Tax receivable 0 20
Accrued interest receivable 1,452 1,331
Prepaid Interest - -
Other Assets 464 487
Other real estate owned 1,341 1,994
TOTAL ASSETS $573,922 $526,116

LIABILITIES

   
Deposits    
Demand deposit accounts $108,489 $95,434
NOW accounts 201,213 185,630
Money market accounts 75,275 77,251
Saving accounts 19,485 18,090
Certificates of Deposits $100,000 & over 36,751 42,554
Other Certificates of Deposits  23,211 25,340
Total Deposits $464,424 $444,299
Accrued expenses and other liabilities 11,026 1,384
Deferred Tax Payable 334 125
Accrued Interest Payable 102 105
Cash Dividends Payable 0 0
Interest Payable on Debentures 4 24
Trust Preferred Securities Payable I 0 3,093
Trust Preferred Securities Payable II 4,124 4,124
Other borrowed funds 39,000 24,000
Total Liabilities $519,014 $477,154

STOCKHOLDERS' EQUITY

   
Common stock: $1.00 par value; 2,000,000 shares authorized; 1,365,951 and 1,344,871 shares issued and outstanding at June 30, 2015 and June 30, 2014, respectively. 
As of March 31, 2015, 1,365,981 issued with 0 shares held in Treasury Stock.
1,366 1,349
Preferred stock: $0.00 par value; 100,000 shares authorized; no shares issued or outstanding
- -
Less: Stock Subscription Receivable (826) (826)
Capital surplus 16,695 16,232
Treasury Stock (0) (136)

Retained Earnings

34,294 29,311

Earnings year to date (* Bank Only $3,194,345 year to date)

3,152 2,738

Net unrealized holding gains (losses) on securities

227 294
Total Equity Capital 54,908 48,962

TOTAL LIABILITIES AND STOCKHOLDERS EQUITY

$573,922 $526,116

Stockholder's Equity (Book value per share-undiluted) $40.20 $36.41
Stockholder's Equity (Book value per share diluted) $39.30 $35.69

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

1.14% 1.06%

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

63.17% 63.96%

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