Northern States Financial Corp. (fka NSFC)

[TRAPPER JIM]

WEEEEEEEEE NSFC Sold one property for $1.4 million and will open a new smaller, more efficient building that the Bank will lease. And used the 1.4 mil to further clear the books and improve the bottom line making them or profitable and increase shareholder value.

we sold one of our branch buildings at a gain of $1.4 million which is being replaced by a new smaller, more efficient building that the Bank will lease. The gain was largely offset by write-downs to other real estate owned of $1.3 million as we prepare to sell these properties to further reduce NPAs.