NWSB Annual Report 2025 | Page 17

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
$
2025
28,079,824
3,776,889
295,970 1,451,583 33,604,266
$
2024
23,636,672
2,478,580 714,418 870,816
27,700,486
Interest Expense Interest on Deposits Interest on Borrowings
Total Interest Expense
11,095,898 338,996
11,434,894
8,402,445 346,795
8,749,240
Net Interest Income
22,169,372
18,951,246
Provision for Credit Losses
859,000
147,000
Net Interest Income After Provision For Credit Loss
21,310,372
18,804,246
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
747,647
1,433,249
780,224 1,442,785
131,437
84,855
643,705
423,836
-
342,901
-
1,002,439
9,612
110,031
295,972
261,815
3,261,622
4,448,886
See accompanying notes.
2025 NWSB Annual Report | 17