|
NORTHERN STATES
FINANCIAL CORPORATION
|
|
FINANCIAL
HIGHLIGHTS
|
|
($ 000s, except per share amounts)
|
| At December 31, |
1999
|
1998
|
Change
|
% Change
|
| Total Assets |
$476,681
|
$485,921
|
$(9,240)
|
-1.90%
|
| Gross Loans |
248,162
|
246,209
|
1,953
|
0.79
|
| Total Deposits |
334,251
|
355,756
|
(21,505)
|
-6.04
|
| Total Stockholders' Equity |
65,534
|
65,113
|
421
|
0.65
|
|
|
|
|
|
| Years Ended December 31, |
1999
|
1998
|
Change
|
% Change
|
| Net Income |
$7,884
|
$7,304
|
$580
|
7.94%
|
| PER SHARE
DATA |
|
|
|
|
| Basic
Earnings Per Share |
$1.77
|
$1.64
|
$0.13
|
7.93%
|
| Book
Value |
14.70
|
14.63
|
0.07
|
0.48
|
| Cash
Dividends |
0.75
|
0.60
|
0.15
|
25.00
|
| SELECTED
AVERAGE BALANCES |
|
|
|
|
| Total
Assets |
$472,699
|
$471,097
|
$1,602
|
0.34%
|
| Total
Loans |
244,039
|
242,020
|
2,019
|
0.83
|
| Total
Deposits |
345,542
|
354,396
|
(8,854)
|
-2.50
|
| Total
Stockholders' Equity |
65,419
|
62,619
|
2,800
|
4.47
|
| PROFITABILITY |
|
|
|
|
| Return
on Average Assets (1) |
1.67%
|
1.55%
|
0.12%
|
7.74%
|
| Return
on Average Equity (1) |
12.05
|
11.66
|
0.39
|
3.34
|
| Tax
Equivalent Net Interest Income to Average Earning Assets |
4.11
|
3.99
|
0.12
|
3.01
|
| CAPITAL ADEQUACY |
|
|
|
|
| Average
Equity to Average Assets (1) |
13.84%
|
13.29%
|
0.55%
|
4.14%
|
| Total
Capital to Risk Weighted Assets |
22.72
|
21.84
|
0.88
|
4.03
|
| Loan
Loss Allowance as a % of Total Loans |
2.16
|
2.20
|
-0.04
|
-1.82
|
| LIQUIDITY |
|
|
|
|
| Average
Loans to Average Deposits |
70.62%
|
68.29%
|
2.33%
|
3.41%
|
| (1) - Does not reflect impact of
securities available for sale on average balances. |
| |
|
|
|
Stockholders'
Equity
(dollars in thousands)
|
Dividends
per Share
|
Book
Value per Share
|
|
|
|
|
| |
|
|
|
Deposits
and Assets
(dollars in millions)
|
Average
Equity to
Average Assets
|
Loans
(dollars in millions)
|
|
|
|
|
|
|
NSFC ANNUAL REPORT 1999 3
|
|
