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)


  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


  Deposits $1,942,433
  Borrowed Funds 150,000
  Escrow 22,178
  Other Liabilities 45,778
Total Liabilities $2,160,389

Net Worth


Total Liabilities and Net Worth





Statement of Operations

September 30, 2020 (In Thousands)

Interest Income

  Interest on Investments $5,873
  Interest on Loans 71,776

Interest Expense

  Interest on Deposits $10,775
  Interest on Borrowed Funds 1,047
Net Interest Income $65,827

Non-Interest Income

  Service Charges and Fees $12,638
  Gain on Sale of Loans 5,797
  Other 1,918

Non-Interest Expense

  Salaries & Benefits $41,715
  Occupancy and Equipment 11,857
  Advertising and Promotion 1,788
  Data Processing 3,248
  Other 9,550

Income Before Taxes


Income Taxes


Net Income


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