Mid-Southern Bancorp, Inc. (MSVB) Financial Statements (2024 and earlier)

Company Profile

Business Address 300 N. WATER STREET
SALEM, IN 47167
State of Incorp.
Fiscal Year End December 31
Industry (SIC) 6035 - Savings Institutions, Federally Chartered (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

6/30/2023
MRQ
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments5,68416,3799,66118,81712,700
Cash and cash equivalents5,68416,3799,66118,81712,700
Total current assets:5,68416,3799,66118,81712,700
Noncurrent Assets
Property, plant and equipment2,1501,9521,8981,8741,928
Total noncurrent assets:2,1501,9521,8981,8741,928
Other undisclosed assets261,384235,929223,804187,745186,034
TOTAL ASSETS:269,218254,260235,363208,436200,662
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Noncurrent Liabilities
Other undisclosed liabilities235,896207,731186,359157,623151,819
Total liabilities:235,896207,731186,359157,623151,819
Equity
Equity, attributable to parent33,32246,52949,00450,81348,843
Common stock3636363636
Treasury stock, value(9,594)(7,702)(4,912)(99)(3)
Additional paid in capital30,77730,69430,55930,41530,302
Deferred compensation equity(458)(473)(422)(300)(1)
Accumulated other comprehensive income (loss)(10,831)2,0963,2131,281(166)
Retained earnings24,91623,52722,29921,36320,672
Unearned esop shares(1,524)(1,649)(1,769)(1,883)(1,997)
Total equity:33,32246,52949,00450,81348,843
TOTAL LIABILITIES AND EQUITY:269,218254,260235,363208,436200,662

Income Statement (P&L) ($ in thousands)

6/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Revenues7,9907,0956,8607,2036,592
Net investment income7,7866,7846,7707,1706,550
Cost of revenue
(Provision for Loan, Lease, and Other Losses)
(135) (132)(12)(200)
Gross profit:7,8557,0956,7287,1916,392
Operating expenses(1,994)(1,547)(1,470)(2,418)(1,853)
Other operating income, net
(Noninterest Income, Other Operating Income)
1299123583 
Operating income:5,9905,6395,4934,8564,539
Nonoperating income5862687256
Losses on sales of other real estate     (17)
Bank owned life insurance income5862687273
Interest and debt expense(1,118)(651)(936)(925)(729)
Income from continuing operations before equity method investments, income taxes:4,9305,0504,6254,0033,866
Other undisclosed loss from continuing operations before income taxes(2,958)(3,375)(3,399)(2,958)(2,158)
Income from continuing operations before income taxes:1,9721,6751,2261,0451,708
Income tax expense(91)(67)(35)(85)(295)
Income from continuing operations:1,8811,6081,1919601,413
Income before gain (loss) on sale of properties:1,6081,1919601,413
Net income available to common stockholders, diluted:1,8811,6081,1919601,413

Comprehensive Income ($ in thousands)

6/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Net income:1,8811,6081,1919601,413
Other comprehensive income (loss)(12,927)(1,117)1,9321,447(119)
Comprehensive income (loss), net of tax, attributable to parent:(11,046)4913,1232,4071,294

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.

Login to ReadyRatios

 

Have you forgotten your password?

Are you a new user?

Login As
You can log in if you are registered at one of these services: