Mid-Southern Bancorp, Inc. (MSVB) financial statements (2022 and earlier)

Company profile

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

Balance sheet (Statement of financial position) ($ in thousands)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments16,3799,66118,81712,700
Cash and cash equivalents16,3799,66118,81712,700
Total current assets:16,3799,66118,81712,700
Noncurrent Assets
Property, plant and equipment1,9521,8981,8741,928
Total noncurrent assets:1,9521,8981,8741,928
Other undisclosed assets235,929223,804187,745186,034
TOTAL ASSETS:254,260235,363208,436200,662
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Noncurrent Liabilities
Other undisclosed liabilities207,731186,359157,623151,819
Total liabilities:207,731186,359157,623151,819
Stockholders' equity
Stockholders' equity attributable to parent46,52949,00450,81348,843
Common stock36363636
Treasury stock, value(7,702)(4,912)(99)(3)
Additional paid in capital30,69430,55930,41530,302
Deferred compensation equity(473)(422)(300)(1)
Accumulated other comprehensive income (loss)2,0963,2131,281(166)
Retained earnings23,52722,29921,36320,672
Unearned esop shares(1,649)(1,769)(1,883)(1,997)
Total stockholders' equity:46,52949,00450,81348,843
TOTAL LIABILITIES AND EQUITY:254,260235,363208,436200,662

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
Revenues7,0956,8607,2036,592
Net investment income6,7846,7707,1706,550
Cost of revenue
(Provision for Loan, Lease, and Other Losses)
 (132)(12)(200)
Gross profit:7,0956,7287,1916,392
Operating expenses(1,547)(1,470)(2,418)(1,853)
Other operating income, net
(Noninterest Income, Other Operating Income)
9123583 
Operating income:5,6395,4934,8564,539
Nonoperating income62687256
Losses on sales of other real estate   (17)
Bank owned life insurance income62687273
Interest and debt expense(651)(936)(925)(729)
Income from continuing operations before equity method investments, income taxes:5,0504,6254,0033,866
Other undisclosed loss from continuing operations before income taxes(3,375)(3,399)(2,958)(2,158)
Income from continuing operations before income taxes:1,6751,2261,0451,708
Income tax expense(67)(35)(85)(295)
Net income available to common stockholders, diluted:1,6081,1919601,413

Comprehensive Income ($ in thousands)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
Net income:1,6081,1919601,413
Other comprehensive income (loss)(1,117)1,9321,447(119)
Comprehensive income, net of tax, attributable to parent:4913,1232,4071,294

Statements sources

The financial statements are based on the company's filings with the 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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