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 46 offices in eastern Wisconsin and northern Illinois. With over $2.4 billion in assets and $267 million in net worth, the bank is considered “well capitalized” according to federal bank regulations. Below you will find our 2020 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, 2020 (In Thousands)
Assets
|
|
Cash and Investments |
$580,228 |
|
Loans Receivable |
1,734,690 |
|
Federal Home Loan Bank Stock |
7,656 |
|
Premises and Equipment |
52,203 |
|
Other Assets |
52,360 |
Total Assets |
$2,427,137 |
|
|
|
Liabilities
|
|
Deposits |
$1,942,433 |
|
Borrowed Funds |
150,000 |
|
Escrow |
22,178 |
|
Other Liabilities |
45,778 |
Total Liabilities |
$2,160,389 |
Net Worth
|
266,748 |
Total Liabilities and Net Worth
|
$2,427,137 |
|
|
|
Statement of Operations
September 30, 2020 (In Thousands) |
Interest Income
|
|
Interest on Investments |
$5,873 |
|
Interest on Loans |
71,776 |
|
|
$77,649 |
|
|
|
Interest Expense
|
|
Interest on Deposits |
$10,775 |
|
Interest on Borrowed Funds |
1,047 |
|
|
$11,822 |
|
|
|
Net Interest Income |
$65,827 |
|
|
|
Non-Interest Income
|
|
Service Charges and Fees |
$12,638 |
|
Gain on Sale of Loans |
5,797 |
|
Other |
1,918 |
|
|
$20,353 |
|
|
|
Non-Interest Expense
|
|
Salaries & Benefits |
$41,715 |
|
Occupancy and Equipment |
11,857 |
|
Advertising and Promotion |
1,788 |
|
Data Processing |
3,248 |
|
Other |
9,550 |
|
|
$68,158 |
|
|
|
Income Before Taxes
|
18,022 |
Income Taxes
|
4,934 |
Net Income
|
$13,088 |
Still have questions?
Contact us with additional questions: Email | 877-672-2265