NWSB Annual Report 2024 | Page 30

NEW INDEPENDENT BANCSHARES, INC. AND SUBSIDIARY
Consolidated Statements of Income For the Years Ended December 31,
Interest Income Interest and Fees on Loans Interest and Dividends on Investments Taxable Non-taxable
Other Interest
Total Interest Income
$
2024
23,636,672
2,478,580 714,418 870,816
27,700,486
$
2023
19,994,514
2,577,636 606,111 160,706
23,338,967
Interest Expense Interest on Deposits Interest on Borrowings
Total Interest Expense
8,402,445 346,795
8,749,240
4,742,702 414,315
5,157,017
Net Interest Income
18,951,246
18,181,950
Provision for Credit Losses
147,000
353,000
Net Interest Income After Provision For Loan Loss
18,804,246
17,828,950
Noninterest Income Service Charges on Deposit Accounts Card and Processing Revenue Title Company Income Bank Owned Life Insurance Income VISA Incentive Bonus Gain on Sale of VISA Stock Gain on Sale of Premises and Equipment Other Operating Income
Total Noninterest Income
780,224
632,667
1,442,785
1,354,089
84,855
108,855
423,836
344,177
342,901
-
1,002,439
-
110,031
-
261,815
294,562
4,448,886
2,734,350
See accompanying notes.
16 | 2024 NWSB Annual Report