North Shore Bank is a federally-chartered mutual savings bank headquartered in Brookfield, Wisconsin. Founded in 1923, North Shore Bank serves consumers and businesses through 44 offices in eastern Wisconsin and northern Illinois. With over $1.9 billion in assets and $244 million in net worth, the bank is considered “well capitalized” according to federal bank regulations. Below you find our 2018 Statement of Condition Report. The report is published annually at the bank’s fiscal year-end, which runs from October to September.
 
Statement of Condition
September 30, 2018 (In Thousands)

Assets

  Cash and Investments $268,432
  Loans Receivable 1,575,292
  Federal Home Loan Bank Stock 4,170
  Premises and Equipment 48,289
  Other Assets 53,830
Total Assets $1,950,013
     

Liabilities

  Deposits $1,646,957
  Borrowed Funds 0
  Escrow 21,275
  Other Liabilities 36,795
    $1,705,027

Net Worth

244,986
Total Liabilities and Net Worth $1,950,013
 

 
 

 
 

 
Statement of Operations
September 30, 2018 (In Thousands)

Interest Income

  Interest on Investments $6,181
  Interest on Loans 64,171
    $70,352
     

Interest Expense

  Interest on Deposits $6,833
  Interest on Borrowed Funds 21
    $6,854
     
Net Interest Income $63,498
     

Non-Interest Income

  Service Charges and Fees $12,970
  Gain on Sale of Loans 1,454
  Other 1,337
    $15,761
     

Non-Interest Expense

  Salaries & Benefits $36,196
  Occupancy and Equipment 10,104
  Advertising and Promotion 2,612
  Data Processing 3,265
  Other 9,984
    $62,161
     
Income Before Taxes 17,098
Income Taxes 7,741
Net Income $9,357

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