NORTHERN STATES FINANCIAL CORP /DE/ Financial Statements (2023 and earlier)
Company Profile
| Business Address |
1601 N LEWIS AVE WAUKEGAN, IL 60085 |
| State of Incorp. | DE |
| Fiscal Year End | December 31 |
| Industry (SIC) | 6022 - State Commercial Banks (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 12/31/2012 | |||
|---|---|---|---|
| ASSETS | |||
| Current Assets | |||
| Cash, cash equivalents, and short-term investments | 51,625 | ||
| Cash and cash equivalents | 51,625 | ||
| Total current assets: | 51,625 | ||
| Noncurrent Assets | |||
| Property, plant and equipment | 8,544 | ||
| Total noncurrent assets: | 8,544 | ||
| Other undisclosed assets | 353,103 | ||
| TOTAL ASSETS: | 413,272 | ||
| LIABILITIES AND EQUITY | |||
| Liabilities | |||
| Current Liabilities | |||
| Due to related parties | 4,406 | ||
| Total current liabilities: | 4,406 | ||
| Noncurrent Liabilities | |||
| Other undisclosed liabilities | 392,933 | ||
| Total liabilities: | 397,339 | ||
| Equity | |||
| Equity, attributable to parent | 15,933 | ||
| Preferred stock | 17,047 | ||
| Common stock | 1,789 | ||
| Treasury stock, value | (4,674) | ||
| Additional paid in capital | 7,322 | ||
| Accumulated other comprehensive income | 1,990 | ||
| Accumulated deficit | (8,222) | ||
| Warrants and rights outstanding | 681 | ||
| Total equity: | 15,933 | ||
| TOTAL LIABILITIES AND EQUITY: | 413,272 | ||
Income Statement (P&L) ($ in thousands)
| 12/31/2012 | ||
|---|---|---|
| Gross profit: | (11,100) | |
| Operating expenses | (13,182) | |
| Other operating income, net (Noninterest Income, Other Operating Income) | 1,618 | |
| Operating loss: | (22,664) | |
| Nonoperating income (expense) (losses on Sales of Other Real Estate) | (247) | |
| Interest and debt expense | (1,056) | |
| Other undisclosed income from continuing operations before equity method investments, income taxes | 11,387 | |
| Loss from continuing operations before income taxes: | (12,580) | |
| Income tax benefit | 4,774 | |
| Loss from continuing operations: | (7,806) | |
| Loss before gain (loss) on sale of properties: | (7,806) | |
| Net loss: | (7,806) | |
| Other undisclosed net loss attributable to parent | (4,774) | |
| Net loss attributable to parent: | (12,580) | |
| Preferred stock dividends and other adjustments | (1,131) | |
| Net loss available to common stockholders, diluted: | (13,711) | |
Comprehensive Income ($ in thousands)
| 12/31/2012 | ||
|---|---|---|
| Net loss: | (7,806) | |
| Other comprehensive income | 856 | |
| Comprehensive loss: | (6,950) | |
| Other undisclosed comprehensive loss, net of tax, attributable to parent | (4,774) | |
| Comprehensive loss, net of tax, attributable to parent: | (11,724) | |
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.