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Can't believe the PPS .45- after the last finacial it made to .70 - bargain pricing currently
Not much volume today
Someone wants some shares
One transaction today for $100k -
Another day of big volume
Hope it moves back up soon.
5x the 10day average volume today- all @ .50
I keep hoping things will swing my way sooner or later. LOL
Maybe my other stock will take off before NSFC gets going again.
Adding this low would be easy MONEY
Wish I had funds freed up to add more here. Got everything all tied up right now and waiting
Someone bought some nice priced shares yesterday. Good volume as it comes back up.
Sure looks like it. Dang
some liquidated today
tic toc tic toc
Just a matter of time until were up over a dollar here.
Ha ha. PPS is looking better than when I got here. Hold for the gold!
Right on. Dollarland here we come. Just give us a minute to get there.LOL
That is why the PPS has been trading higher. Good numbers- NSFC seems under valued. I will keep holding.
LOL IKR. I was like holy crap how did I not see it before now.
The 19th? LOL - we have been waiting 3months and we missed it. That is funny.
Ive been so busy at work I missed the news last week.
http://www.marketwired.com/press-release/northern-states-financial-corporation-reports-2014-financial-results-otcqb-nsfc-2002230.htm
March 19, 2015 17:55 ET
Northern States Financial Corporation Reports 2014 Financial Results
WAUKEGAN, IL--(Marketwired - Mar 19, 2015) - Northern States Financial Corporation (OTCQB: NSFC), holding company for NorStates Bank (the "Bank"), today reported net income available to common stockholders for 2014 of $15,564,000 or $0.26 per share compared with a net loss for 2013 of $2,771,000 or $0.65 per share. A significant portion of the Northern States Financial Corporation's (the "Company") net income for 2014 resulted from the discount recognized on the redemption of its preferred stock in the second quarter of 2014. Per share book value at December 31, 2014 was $0.37.
For the three months ended December 31, 2014, the Company showed a net loss of $142,000 as compared with a net loss of $1,197,000 for the fourth quarter of 2013.
The financial results at the Bank showed 2014 earnings of $543,000 and a fourth quarter net loss of $60,000. The fourth quarter loss resulted from the disposition of non-performing assets totaling $4.9 million at a loss of $440,000 as the Bank continued its efforts to increase its overall asset quality. The Bank's December 31, 2014 leverage capital ratio was 9.88%.
Total assets for the Company were $422 million at December 31, 2014, increasing 7.5% from year-end 2013. During 2014, the Company's capital and deposits increased $22.7 million and $9.6 million, respectively with capital increasing $21.8 million due to the successful April 2014 capital raise. Since the capital raise, management has continued to work to reposition the Company's balance sheet.
In regard to asset quality, the Company's non-performing assets ("NPAs"), consisting of nonaccrual loans, loans ninety or more days past due, still accruing, loans considered troubled debt restructurings and other real estate owned, totaled $37.5 million at December 31, 2014, a reduction of $19.1 million or 34% from $56.6 million at December 31, 2013. Management anticipates continued decreases in NPAs in 2015 as a result of credit remediation and asset sales.
"2014 was a transformative year for the Company and the Bank," stated Scott Yelvington, President and Chief Operating Officer. "A successful capital raise has breathed new life into our organization. We remain focused on the reduction of non-performing assets and were pleased with the $10.0 million reduction in the fourth quarter. Further reductions, cost containment and our ability to deploy liquidity in a disciplined and prudent manner will enhance profitability in the coming quarters."
LOL I know
Its on the move. Just moving slow.LOL
.72 works for now- looking forward to $1plus
Nothing yet. But sure liking .72
Sure been a long wait hasn't it.
From the last press release http://www.marketwired.com/press-release/northern-states-financial-corporation-reports-third-quarter-earnings-otcqb-nsfc-1963932.htm
In regards to asset quality, the Company's non-performing assets ("NPAs"), consisting of nonaccrual loans, ninety days or more past due loans still accruing, loans considered troubled debt restructurings and other real estate owned, have shown a reduction of $7.6 million from December 31, 2013 to September 30, 2014. However, during the third quarter of 2014, NPAs increased $7.9 million. This increase during the third quarter was primarily due to downgrading previously identified credits to NPA status, which included placing 2 credits totaling $8.7 million on nonaccrual status and classifying a credit totaling $1.3 million as a troubled debt restructuring. Partially offsetting these downgrades was a $1.4 million credit upgraded to performing from nonaccrual status and the sale of $521,000 of other real estate owned. Management does not consider these third quarter events to be a negative trend in regards to ongoing credit quality. Management anticipates a substantial decrease in NPAs in the fourth quarter of 2014 and the first quarter of 2015 as a result of credit remediation and asset sales.
"Our efforts to reduce expenses and increase income continue to have a positive effect on earnings," stated Scott Yelvington, President and Chief Executive Officer. "However, our primary focus remains on the reduction of non-performing assets which will be essential to achieving our earnings goals."
Im expecting them to be really good according to the last press release they had.
could be insider buying, the financials may be good.
Nope. Wasnt me. I did free up a couple hundred bucks today to shop with but didn't buy anything yet.
was that you buying TJ? tell the truth
AWESOME VOLUME TODAY.
NSFC 52 week high today!
I hear that.LOL Sure been consolidating long enough to make a move.
I'm holding what I have here for now. Not looking to increase my share position. The only thing I want increased here is the PPS - ha ha
I might add more if one of my other two pop first.
Closer and closer.
Last year the annual report was out on the March 15th - so we are getting closer NSFC
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