NWSB Annual Report 2024 | Page 36

NEW INDEPENDENT BANCSHARES, INC. AND SUBSIDIARY
Consolidated Statements of Changes in Stockholders ' Equity For the Years Ended December 31, 2024 and 2023
Common Stock
Surplus
Retained Earnings
Accum. Other Comprehensive Income( Loss)
Total
Balance, January 1, 2023
$
2,149,740
$ 2,130,971 $ 40,153,009
$( 13,379,648)
$
31,054,072
Adoption of New Accounting Standard Net Income Other Comprehensive Loss Dividends Paid Common Stock Issued
-
-
( 643,536)
-
( 643,536)
-
-
9,674,851
-
9,674,851
-
-
-
( 31,973)
( 31,973)
-
-
( 3,246,332)
-
( 3,246,332)
3,000
61,308
-
-
64,308
Balance, December 31, 2023
2,152,740
2,192,279
45,937,992
( 13,411,621)
36,871,390
Net Income Other Comprehensive Income Dividends Paid Common Stock Repurchased Common Stock Issued
-
-
4,403,837
-
4,403,837
-
-
-
211,434
211,434
-
-
( 1,580,478)
-
( 1,580,478)
( 6,660)
( 149,850)
-
-
( 156,510)
431,330
9,694,368
-
-
10,125,698
Balance, December 31, 2024
$
2,577,410
$
11,736,797
$ 48,761,351 $( 13,200,187) $ 49,875,371
See accompanying notes.
2024 NWSB Annual Report | 19