NEW INDEPENDENT BANCSHARES, INC. AND SUBSIDIARY Notes to the Consolidated Financial Statements
NOTE 3. INVESTMENT SECURITIES( Continued)
Unrealized losses on US government agency bonds, collateralized mortgage obligations, mortgage backed securities, municipal taxable bonds, US treasury notes, and SBAP certificates have not been recognized into income because the issuers bonds are of high credit quality, management does not intend to sell, and it is likely that management will not be required to sell the securities prior to their anticipated recovery, and the decline in fair value is largely due to changes in interest rates and other market conditions. The issuers continue to make timely principal and interest payments on the bonds. The fair value is expected to recover as the bonds approach maturity.
At December 31, 2025 and 2024, the Company had no securities held-to-maturity that were past due 30 days or more as to principal and interest payments. The Company had no held-to-maturity classified as nonaccrual for the year ended December 31, 2025 or 2024.
NOTE 4.
LOANS
Loans by Major Categories Disclosures The composition of Loans was as follows at December 31:
Real Estate Loans 1-4 Family Construction Other Construction and Land Farm Land 1-4 Family Revolving- Open End Loans 1-4 Family Closed-End Loans- First Liens 1-4 Family Closed-End Loans- Junior Liens Secured by Multifamily Residential Secured by Owner-Occupied Nonfarm Nonres. Secured by Other Nonfarm Nonresidential
Commercial Non-Real Estate Agricultural Production and other Farm Loans Commercial and Industrial Loans Public Funds Lease Financing Receivables
Installment Automobile Personal
Total Loans
2025
$ 13,759,083 53,382,377 8,143,288 16,788,014 103,805,626 13,821,323 39,454,210 68,690,412 41,272,484
$
1,556,261 73,129,860 26,316,239
436,642
$ 13,336,079 39,339,527 5,452,982 13,966,718 65,526,043 13,742,018 29,353,080 64,046,288 29,242,409
- 67,459,447 24,565,331
639,626
35,731,721 |
38,065,188 |
6,656,427 |
4,491,436 |
502,943,967 $
2024
409,226,172
Net unamortized dealer loan expenses of $ 603,788 and $ 758,948, and net deferred loan fees / costs of $ 86,130 and $ 66,596, are included in loans at December 31, 2025 and 2024, respectively.
36 | 2025 NWSB Annual Report