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 $2 billion in assets and $255 million in net worth, the bank is considered “well capitalized” according to federal bank regulations. Below you find our 2019 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, 2019 (In Thousands)

Assets

  Cash and Investments $283,624
  Loans Receivable 1,658,099
  Federal Home Loan Bank Stock 4,355
  Premises and Equipment 45,540
  Other Assets 53,128
Total Assets $2,044,746
     

Liabilities

  Deposits $1,730,429
  Borrowed Funds 0
  Escrow 21,604
  Other Liabilities 37,273
    $1,789,306

Net Worth

255,440
Total Liabilities and Net Worth $2,044,746
 

 
 

 
 

 
Statement of Operations
September 30, 2019 (In Thousands)

Interest Income

  Interest on Investments $7,446
  Interest on Loans 72,922
    $80,368
     

Interest Expense

  Interest on Deposits $11,421
  Interest on Borrowed Funds 0
    $11,421
     
Net Interest Income $68,947
     

Non-Interest Income

  Service Charges and Fees $13,853
  Gain on Sale of Loans 1,693
  Other 1,343
    $16,889
     

Non-Interest Expense

  Salaries & Benefits $39,910
  Occupancy and Equipment 10,995
  Advertising and Promotion 2,855
  Data Processing 3,424
  Other 10,938
    $68,122
     
Income Before Taxes 17,714
Income Taxes 4,945
Net Income $12,769

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