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
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
12/31/2021
Q4
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments4,4715,6844,0104,4236,74116,379
Cash and cash equivalents4,4715,6844,0104,4236,74116,379
Total current assets:4,4715,6844,0104,4236,74116,379
Noncurrent Assets
Property, plant and equipment2,1562,1502,2082,1101,9581,952
Total noncurrent assets:2,1562,1502,2082,1101,9581,952
Other undisclosed assets259,741261,384258,330259,921252,795235,929
TOTAL ASSETS:266,368269,218264,548266,454261,494254,260
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Noncurrent Liabilities
Other undisclosed liabilities231,425235,896233,738232,072220,544207,731
Total liabilities:231,425235,896233,738232,072220,544207,731
Equity
Equity, attributable to parent34,94333,32230,81034,38240,95046,529
Common stock363636363636
Treasury stock, value(9,594)(9,594)(9,811)(9,788)(7,834)(7,702)
Additional paid in capital30,80030,77730,75530,73430,71230,694
Deferred compensation equity(407)(458)(344)(387)(430)(473)
Accumulated other comprehensive income (loss)(9,006)(10,831)(12,957)(8,915)(3,792)2,096
Retained earnings24,61124,91624,70224,29923,88123,527
Unearned esop shares(1,497)(1,524)(1,571)(1,597)(1,623)(1,649)
Total equity:34,94333,32230,81034,38240,95046,529
TOTAL LIABILITIES AND EQUITY:266,368269,218264,548266,454261,494254,260

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

6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
12/31/2021
Q4
Revenues2,2052,2232,0261,9001,7581,829
Net investment income2,1782,1812,0141,8871,7041,752
Cost of revenue
(Provision for Loan, Lease, and Other Losses)
 (52) (85)(50)  
Gross profit:2,1532,2231,9411,8501,7581,829
Operating expenses(567)(739)(434)(421)(400)(396)
Other operating income (expense), net
(Noninterest Income, Other Operating Income)
(9)2322602421
Operating income:1,5771,5071,5291,4891,3821,454
Nonoperating income
(Bank Owned Life Insurance Income)
 141514151415
Interest and debt expense(623)(501)(294)(173)(150)(150)
Income from continuing operations before equity method investments, income taxes:9681,0211,2491,3311,2461,319
Other undisclosed loss from continuing operations before income taxes(665)(643)(706)(781)(745)(931)
Income from continuing operations before income taxes:303378543550501388
Income tax expense (benefit)37(2)(31)(24)(34)(11)
Income from continuing operations:340376512526467377
Income before gain (loss) on sale of properties:512526467377
Net income available to common stockholders, diluted:340376512526467377

Comprehensive Income ($ in thousands)

6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
12/31/2021
Q4
Net income:340376512526467377
Other comprehensive income (loss)1,8252,126(4,042)(5,123)(5,888)134
Comprehensive income (loss), net of tax, attributable to parent:2,1652,502(3,530)(4,597)(5,421)511

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.

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