Northern States Financial Corp. (NSFC) 0.5000 $NSFC
Northern States Financial Corporation Reports First Quarter Earnings
Marketwired - Tue May 05, 2:00PM CDT
Northern States Financial Corporation (OTCQB: NSFC) (the "Company"
, holding company for NorStates Bank (the "Bank", an FDIC insured financial institution, today reported first quarter 2015 net income of $180,000 as compares with a loss of $677,000 for the same quarter of 2014. Per share book value at March 31, 2015 was $0.38.
Northern States Financial Corporation Reports 2014 Financial Results
Marketwired - Thu Mar 19, 4:58PM CDT
Northern States Financial Corporation (OTCQB: NSFC), holding company for NorStates Bank (the "Bank", today reported net income available to common stockholders for 2014 of $15,564,000 or $0.26 per share compared with a net loss for 2013 of $2,771,000 or $0.65 per share. A significant portion of the Northern States Financial Corporation's (the "Company" net income for 2014 resulted from the discount recognized on the redemption of its preferred stock in the second quarter of 2014. Per share book value at December 31, 2014 was $0.37.
Northern States Financial Corporation Reports Third Quarter Earnings
Marketwired - Mon Nov 03, 4:03PM CST
Northern States Financial Corporation (OTCQB: NSFC), holding company for NorStates Bank, an FDIC insured financial institution, today reported third quarter 2014 net income of $283,000. Per share book value at September 30, 2014 was $0.37.
NorStates Bank Announces Release From Consent Order
Marketwire - Wed Aug 13, 3:46PM CDT
Northern States Financial Corporation (OTCQB: NSFC) today announced that its subsidiary, NorStates Bank, has been released from its Consent Order with the Federal Deposit Insurance Corporation and the Illinois Department of Financial and Professional Regulation. This termination ends a period of over 4 years in which NorStates Bank was under an Order with its regulators.
Northern States Financial Corporation Reports Income After Recapitalization
Marketwire - Fri Aug 01, 1:21PM CDT
Northern States Financial Corporation (OTCQB: NSFC) today reported net income of $367,000 for the second quarter of 2014. Highlighting the quarter was a successful $25 million recapitalization of the Company, which was completed on April 30, 2014, through which the Company was able to retire its TARP obligations with the United States Department of the Treasury and to pay the deferred interest relating to its outstanding trust preferred securities. Consolidated income available to common stockholders of the Company for the three months ended June 30, 2014 totaled $16.1 million, or $0.18 per share based on 87,604,088 outstanding shares of the Company as of June 30, 2014. The amount of consolidated income available to common stockholders was due primarily to the Company's accounting for the recapitalization transaction, as well as earnings from the Company's wholly owned banking subsidiary, NorStates Bank. Stockholders' equity at June 30, 2014 was approximately $32 million, or $0.37 per share. The Company also continued to carry approximately $26 million in a valuation allowance on its deferred tax assets.
Northern States Financial Corporation Reports First Quarter Earnings
Marketwired - Tue May 05, 2:00PM CDT
Northern States Financial Corporation (OTCQB: NSFC) (the "Company"
, holding company for NorStates Bank (the "Bank", an FDIC insured financial institution, today reported first quarter 2015 net income of $180,000 as compares with a loss of $677,000 for the same quarter of 2014. Per share book value at March 31, 2015 was $0.38. Northern States Financial Corporation Reports 2014 Financial Results
Marketwired - Thu Mar 19, 4:58PM CDT
Northern States Financial Corporation (OTCQB: NSFC), holding company for NorStates Bank (the "Bank"
, today reported net income available to common stockholders for 2014 of $15,564,000 or $0.26 per share compared with a net loss for 2013 of $2,771,000 or $0.65 per share. A significant portion of the Northern States Financial Corporation's (the "Company" net income for 2014 resulted from the discount recognized on the redemption of its preferred stock in the second quarter of 2014. Per share book value at December 31, 2014 was $0.37. Northern States Financial Corporation Reports Third Quarter Earnings
Marketwired - Mon Nov 03, 4:03PM CST
Northern States Financial Corporation (OTCQB: NSFC), holding company for NorStates Bank, an FDIC insured financial institution, today reported third quarter 2014 net income of $283,000. Per share book value at September 30, 2014 was $0.37.
NorStates Bank Announces Release From Consent Order
Marketwire - Wed Aug 13, 3:46PM CDT
Northern States Financial Corporation (OTCQB: NSFC) today announced that its subsidiary, NorStates Bank, has been released from its Consent Order with the Federal Deposit Insurance Corporation and the Illinois Department of Financial and Professional Regulation. This termination ends a period of over 4 years in which NorStates Bank was under an Order with its regulators.
Northern States Financial Corporation Reports Income After Recapitalization
Marketwire - Fri Aug 01, 1:21PM CDT
Northern States Financial Corporation (OTCQB: NSFC) today reported net income of $367,000 for the second quarter of 2014. Highlighting the quarter was a successful $25 million recapitalization of the Company, which was completed on April 30, 2014, through which the Company was able to retire its TARP obligations with the United States Department of the Treasury and to pay the deferred interest relating to its outstanding trust preferred securities. Consolidated income available to common stockholders of the Company for the three months ended June 30, 2014 totaled $16.1 million, or $0.18 per share based on 87,604,088 outstanding shares of the Company as of June 30, 2014. The amount of consolidated income available to common stockholders was due primarily to the Company's accounting for the recapitalization transaction, as well as earnings from the Company's wholly owned banking subsidiary, NorStates Bank. Stockholders' equity at June 30, 2014 was approximately $32 million, or $0.37 per share. The Company also continued to carry approximately $26 million in a valuation allowance on its deferred tax assets.
