|
NORTHERN STATES
FINANCIAL CORPORATION
|
|
CONSOLIDATED
BALANCE SHEETS
|
| ($ 000s) |
|
|
| December 31, |
1999
|
1998
|
| ASSETS |
|
|
| Cash and due from banks |
$16,740
|
$15,176
|
| Interestbearing deposits in financial
institutions-maturities less than 90 days |
160
|
183
|
| Federal funds sold |
0
|
12,600
|
| Total
cash and cash equivalents |
16,900
|
27,959
|
| Interestbearing deposits in financial
institutions-maturities over 90 days |
100
|
100
|
| Securities available for sale |
196,684
|
200,861
|
| Loans |
248,162
|
246,209
|
| Less: Allowance for loan losses |
(5,368)
|
(5,433)
|
| Loans,
net |
242,794
|
240,776
|
| Direct lease financing |
2,138
|
987
|
| Office buildings and equipment,
net |
6,176
|
6,647
|
| Other real estate owned, net of
allowance for losses of $552 in 1998 |
2,622
|
2,497
|
| Accrued interest receivable |
4,361
|
4,408
|
| Other assets |
4,906
|
1,686
|
| Total
assets |
$476,681
|
$485,921
|
| LIABILITIES
AND STOCKHOLDERS' EQUITY |
|
|
| Liabilities |
|
|
| Deposits |
|
|
| Demand-noninterest
bearing |
$41,261
|
$44,075
|
| NOW
accounts |
41,787
|
39,180
|
| Money
market accounts |
37,636
|
41,003
|
| Savings |
44,207
|
45,333
|
| Time,
$100,000 and over |
83,266
|
98,338
|
| Time,
under $100,000 |
86,094
|
87,827
|
| Total
deposits |
334,251
|
355,756
|
| Securities sold under
repurchase agreements and other short-term borrowings |
70,436
|
47,990
|
| Federal Home Loan Bank advance |
0
|
10,000
|
| Advances from borrowers for taxes
and insurance |
645
|
992
|
| Accrued interest payable and other
liabilities |
5,815
|
6,070
|
| Total
liabilities |
411,147
|
420,808
|
| Stockholders' Equity |
|
|
| Common stock |
1,783
|
1,781
|
| Additional paid-in capital |
11,405
|
11,336
|
| Retained earnings |
55,898
|
51,358
|
| Accumulated other comprehensive
income (loss), net |
(3,552)
|
638
|
| Total
stockholderes' equity |
65,534
|
65,113
|
| Total
liabilities and stockholders' equity |
$476,681
|
$485,912
|
|
The accompanying notes are an integral part
of these consolidated financial statements.
|
|
|
|
|
36 NSFC
ANNUAL REPORT 1999
|
|
