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North Shore Bank is a state-chartered mutual savings bank headquartered in Brookfield, Wisconsin. Founded in 1923, North Shore Bank serves consumers and businesses through 43 offices in eastern Wisconsin and northern Illinois. With assets over $2.6 billion and $304 million in net worth, the bank is considered “well capitalized” according to bank regulations.
 
 

Statement of Financial Condition

September 30, 2022 (In Thousands)

Assets
  Cash and Investments $829,173
  Loans Receivable 1,687,987
  Federal Home Loan & Banker's Bank Stock 7,915
  Premises and Equipment 53,265
  Other Assets 51,418
Total Assets $2,629,758
     

Liabilities
  Deposits $2,102,062
  Borrowed Funds 150,000
  Escrow 22,966
  Other Liabilities 49,915
Total Liabilities $2,324,943

Net Worth

 304,815

Total Liabilities and Net Worth

 $2,629,758
 

 		  

 		  

 
 

Statement of Operations

September 30, 2022 (In Thousands)

Interest Income
  Interest on Investments $9,451
  Interest on Loans 64,820
    $74,271
     

Interest Expense
  Interest on Deposits $2,166
  Interest on Borrowed Funds 1,795
    $3,961
     

Net Interest Income

 $70,310
     

Non-Interest Income
  Service Charges and Fees $15,851
  Gain on Sale of Loans 1,149
  Other 1,677
    $18,677
     

Non-Interest Expense
  Salaries & Benefits $43,066
  Occupancy and Equipment 9,452
  Advertising and Promotion 2,813
  Data Processing 3,488
  Other 8,945
    $67,764
     

Income Before Taxes

 21,223

Income Taxes

 5,863

Net Income

 $15,360
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