NWSB Annual Report 2024 | Page 35

NEW INDEPENDENT BANCSHARES, INC. AND SUBSIDIARY
Consolidated Statements of Comprehensive Income For the Years Ended December 31,
2024 2023
Net Income $ 4,403,837 $ 9,674,851
Other Comprehensive Income
Unrealized Losses on Securities: Changes in Unrealized Losses on Securities AFS Reclassification Adjustment for Losses Realized Tax Effect
Net of Tax
Total Other Comprehensive Income( Loss)
Total Comprehensive Income
( 689,977)
( 31,973)
971,405
-
( 69,994)
-
211,434
( 31,973)
211,434( 31,973)
$ 4,615,271 $ 9,642,878
See accompanying notes.
18 | 2024 NWSB Annual Report