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Financial Statement  

Statement of Financial Condition

Statement of Condition
 

September 30, 2017 (In Thousands)

Assets

  Cash and Investments $295,827
  Loans Receivable 1,487,561
  Federal Home Loan Bank Stock 4,251
  Premises and Equipment 45,677
  Other Assets 58,303
Total Assets $1,891,619
     

Liabilities

  Deposits $1,600,807
  Borrowed Funds 0
  Escrow 21,961
  Other Liabilities 33,258
    $1,656,026

Net Worth

235,593
Total Liabilities and Net Worth $1,891,619
 

 
 

 
 

 
Statement of Operations

September 30, 2017 (In Thousands)

Interest Income

  Interest on Investments $4,660
  Interest on Loans 60,065
    $64,725
     

Interest Expense

  Interest on Deposits $5,282
  Interest on Borrowed Funds 0
    $5,282
     
Net Interest Income $59,443
     

Non-Interest Income

  Service Charges and Fees $12,646
  Gain on Sale of Loans 1,561
  Other 1,782
    $15,989
     

Non-Interest Expense

  Salaries & Benefits $35,981
  Occupancy and Equipment 9,743
  Advertising and Promotion 2,558
  Data Processing 4,287
  Other 10,483
    $63,043
     
Income Before Taxes 12,389
Income Taxes 4,956
Net Income $7,433
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Routing Number: 275071356    Customer Service: 877.672.2265
Routing Number: 275071356 | Customer Service: 877.672.2265 | Member FDIC | Copyright North Shore Bank