| |
NORTHERN STATES FINANCIAL CORPORATION
|
|
|
CONSOLIDATED
BALANCE SHEETS
|
|
|
| ($
000s) |
|
|
| December
31, |
2000
|
1999
|
|
ASSETS
|
|
|
| Cash
and due from banks |
$
17,013
|
$
16,740
|
| Interest
bearing deposits in financial institutions - maturities less than
90 days |
174
|
160
|
| Federal
funds sold |
14,000
|
0
|
| Total
cash and cash equivalents |
31,187
|
16,900
|
| Interest
bearing deposits in financial institutions - maturities over 90 days |
0
|
100
|
| Securities
available for sale |
190,050
|
196,684
|
| Loans |
298,851
|
248,162
|
| Less:
Allowance for loan losses |
(4,689)
|
(5,368)
|
| Loans,
net |
294,162
|
242,794
|
| Direct
lease financing |
7,417
|
2,138
|
| Office
buildings and equipment, net |
5,796
|
6,176
|
| Other
real estate owned |
2,022
|
2,622
|
| Accrued
interest receivable |
4,816
|
4,361
|
| Other
assets |
2,806
|
4,906
|
| Total
assets |
$
538,256
|
$
476,681
|
| LIABILITIES
AND STOCKHOLDERS' EQUITY |
|
|
| Liabilities |
|
|
| Deposits |
|
|
| Demand
- noninterest bearing |
$
44,567
|
$
41,261
|
| NOW
accounts |
44,197
|
41,787
|
| Money
market accounts |
35,603
|
37,636
|
| Savings |
43,910
|
44,207
|
| Time,
$100,000 and over |
97,822
|
83,266
|
| Time,
under $100,000 |
107,022
|
86,094
|
|
Total deposits |
373,121
|
334,251
|
| Securities
sold under repurchase agreements and other short-term borrowings |
73,618
|
70,436
|
| Federal
Home Loan Bank advances |
10,000
|
0
|
| Advances
from borrowers for taxes and insurance |
816
|
645
|
| Accrued
interest payable and other liabilities |
8,262
|
5,815
|
| Total
liabilities |
465,817
|
411,147
|
| Stockholders'
Equity |
|
|
|
Common stock |
1,784
|
1,783
|
| Additional
paid-in capital |
11,436
|
11,405
|
| Retained
earnings |
59,817
|
55,898
|
| Accumulated
other comprehensive loss, net |
(598)
|
(3,552)
|
| Total
stockholders' equity |
72,439
|
65,534
|
| Total
liabilities and stockholders' equity |
$
538,256
|
$
476,681
|
|
The accompanying
notes are an integral part of the consolidated financial statements.
|
|
|
42
|
NSFC
ANNUAL REPORT 2000 |
|
