NWSB Annual Report 2024 | Page 32

NEW INDEPENDENT BANCSHARES, INC. AND SUBSIDIARY
Consolidated Statements of Income For the Years Ended December 31,( Continued)
Noninterest Expense Salaries and Employee Benefits Occupancy Expenses Equipment Expenses Postage and Supplies FDIC Insurance Data Processing Costs Advertising Visa Expense Examination Fees Telephone Expense Committee and Directors ' Fees Dealer Loan Expense Professional Fees Loss on Sale of Investment Securities Other Operating Expenses Total Noninterest Expenses
Net Income Before Provision for Income Tax Federal Income Tax( Expense) Benefit State Income Tax( Expense) Benefit
Net Income
2024 2023
8,495,761
7,945,866
1,295,671
1,129,848
1,043,345
334,961
857,284
327,970
309,501
285,651
585,352
554,127
257,826
282,504
905,332
826,120
362,413
294,777
315,311
361,573
328,440
330,030
442,398
444,177
831,722
326,100
971,405
-
1,247,094
1,264,461
17,726,532
15,230,488
5,526,600
5,332,812
( 900,757)
3,400,310
( 222,006)
941,729
$ 4,403,837 $ 9,674,851
Net Income Per Common Share( Note 1-r)
$
19.76
$
44.95
Cash Dividends Per Common Share
$
7.00
$
15.08
See accompanying notes.
2024 NWSB Annual Report | 17