OTCPK:NSFC

Stock Analysis Report

Northern States Financial

Executive Summary

Northern States Financial Corporation operates as the holding company for NorStates Bank that provides commercial banking products and services to individuals, businesses, and other organizations in northeastern Illinois and southeastern Wisconsin.

Snowflake

Fundamentals

Adequate balance sheet with moderate growth potential.

Risks

  • Northern States Financial is not covered by any analysts.

Share Price & News

How has Northern States Financial's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

-3.6%

OTCPK:NSFC

3.3%

US Banks

2.1%

US Market


1 Year Return

11.4%

OTCPK:NSFC

-13.8%

US Banks

-0.04%

US Market


Share holder returns

NSFCIndustryMarket
7 Day-3.6%3.3%2.1%
30 Day-2.6%-7.0%-3.2%
90 Day2.8%-2.3%2.8%
1 Year11.4%11.4%-11.3%-13.8%2.2%-0.04%
3 Year81.4%81.4%42.5%32.7%41.5%32.3%
5 Year20.1%20.1%54.2%37.6%55.0%37.8%

Price Volatility Vs. Market

How volatile is Northern States Financial's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Northern States Financial undervalued based on future cash flows and its price relative to the stock market?

1.6x

Price to Book (PB) ratio


Intrinsic Value Based on Future Cash Flows

Unable to calculate intrinsic value for Northern States Financial to establish if it is available at moderate discount.

Unable to calculate intrinsic value for Northern States Financial to establish if it is available at substantial discount.


Price Based on Earnings

Northern States Financial is loss making, we can't compare its value to the US Banks industry average.

Northern States Financial is loss making, we can't compare the value of its earnings to the United States of America market.


Price Based on Expected Growth

Unable to calculate PEG ratio for Northern States Financial, we can't assess if its growth is good value.


Price Based on Value of Assets

Northern States Financial is overvalued based on assets compared to the US Banks industry average.


Next Steps

Future Growth

How is Northern States Financial expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

45.9%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Unable to determine if Northern States Financial is high growth as no revenue estimate data is available.

Northern States Financial's earnings are expected to grow significantly at over 20% yearly.

Unable to compare Northern States Financial's revenue growth to the United States of America market average as no estimate data is available.

Northern States Financial's earnings growth is expected to exceed the United States of America market average.

Northern States Financial's earnings growth is expected to exceed the low risk savings rate of 3%.


Earnings per Share Growth Estimates


Future Return on Equity

Unable to establish if Northern States Financial will efficiently use shareholders’ funds in the future without estimates of Return on Equity.


Next Steps

Past Performance

How has Northern States Financial performed over the past 5 years?

-2.8%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Northern States Financial does not make a profit and their year on year earnings growth rate was negative over the past 5 years.

Unable to compare Northern States Financial's 1-year earnings growth to the 5-year average as it is not currently profitable.

Unable to compare Northern States Financial's 1-year growth to the US Banks industry average as it is not currently profitable.


Return on Equity

It is difficult to establish if Northern States Financial has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.


Return on Assets

It is difficult to establish if Northern States Financial has efficiently used its assets last year compared to the US Banks industry average (Return on Assets) as it is loss-making.


Return on Capital Employed

Northern States Financial has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).


Next Steps

Financial Health

How is Northern States Financial's financial position? (This company is analysed differently as a bank or financial institution)


Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet

Information is not available.

Information is not available.


Financial Institutions Analysis

Northern States Financial has an acceptable proportion of non-loan assets held.

Northern States Financial has a low allowance for bad loans.

Northern States Financial's liabilities are made up of primarily low risk sources of funding.

Northern States Financial's level of assets compared to its equity is low (i.e. an appropriate level of borrowing to fund lending).

Loans at Northern States Financial are broadly funded by customer deposits.

Northern States Financial has a high level of bad loans (greater than 2%).


Next Steps

Dividend

What is Northern States Financial's current dividend yield, its reliability and sustainability?


Dividend Yield and Payments Analysis

Unable to evaluate Northern States Financial's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.

Unable to evaluate Northern States Financial's dividend against the top 25% market benchmark as the company has not reported any payouts.

Unable to perform a dividend volatility check as Northern States Financial has not reported any payouts.

Unable to verify if Northern States Financial's dividend has been increasing as the company has not reported any payouts.


Current Payout to Shareholders

Unable to calculate sustainability of dividends as Northern States Financial has not reported any payouts.


Future Payout to Shareholders

Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.


Next Steps

Management

What is the CEO of Northern States Financial's salary, the management and board of directors tenure and is there insider trading?

2.9yrs

Average management tenure


CEO

Scott Yelvington (63yo)

8.6yrs

Tenure

US$200,000

Compensation

Mr. Scott M. Yelvington has been the Chief Executive Officer and President of Northern States Financial Corporation since March 16, 2010. Mr. Yelvington has been the Chief Executive Officer and President o ...


CEO Compensation Analysis

Scott's remuneration is lower than average for companies of similar size in United States of America.

Scott's compensation has been consistent with company performance over the past year.


Management Age and Tenure

2.9yrs

Average Tenure

63yo

Average Age

The tenure for the Northern States Financial management team is about average.


Board Age and Tenure

8.1yrs

Average Tenure

63yo

Average Age

The tenure for the Northern States Financial board of directors is about average.


Insider Trading

No 3 month insider trading information.


Ownership Breakdown


Management Team

  • Scott Yelvington (63yo)

    President & CEO

    • Tenure: 8.6yrs
    • Compensation: US$200.00k
  • Thomas Nemeth (63yo)

    VP & Treasurer

    • Tenure: 19.8yrs
    • Compensation: US$127.52k
  • Shelly Christian (51yo)

    Chief Credit Officer & Executive VP

    • Tenure: 13.8yrs
    • Compensation: US$143.37k
  • Kerry Biegay (69yo)

    VP & Secretary

    • Tenure: 8.8yrs
    • Compensation: US$206.83k
  • Barbara Martin (63yo)

    Executive Vice President of US HealthVest & Director

    • Tenure: 8.1yrs
    • Compensation: US$13.20k
  • Michael Scipione

    Senior VP & Controller of NorStates Bank

    • Tenure: 2.6yrs
  • Patricia Lucas

    Human Resources Officer

    • Tenure: 2.9yrs
  • Alice Walsh

    Senior Vice President

    • Tenure: 2.4yrs
  • Syed Rizvi

    Senior Credit Analyst Officer of Norstates Bank

    • Tenure: 0.0yrs
  • Randall Sara

    Executive VP & CFO

    • Tenure: 2.8yrs

Board Members

  • Jack Blumberg (87yo)

    Director

    • Tenure: 27.8yrs
    • Compensation: US$16.80k
  • Frank Furlan (89yo)

    Director

    • Tenure: 34.8yrs
    • Compensation: US$13.20k
  • Scott Yelvington (63yo)

    President & CEO

    • Tenure: 8.6yrs
    • Compensation: US$200.00k
  • Allan Jacobs (83yo)

    Chairman of the Board

    • Tenure: 8.4yrs
    • Compensation: US$32.40k
  • Greg Gersack (52yo)

    Director

    • Tenure: 4.2yrs
  • Scott Cottrell (44yo)

    Director

    • Tenure: 4.8yrs
  • Barbara Martin (63yo)

    Executive Vice President of US HealthVest & Director

    • Tenure: 8.1yrs
    • Compensation: US$13.20k
  • Joel Leonard (58yo)

    Director

    • Tenure: 2.5yrs
  • George Bridges (65yo)

    Director

    • Tenure: 2.5yrs

Company Information

Northern States Financial Corporation's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Northern States Financial Corporation
  • Ticker: NSFC
  • Exchange: OTCPK
  • Founded: 1919
  • Industry: Regional Banks
  • Sector: Banks
  • Market Cap: US$85.380m
  • Shares outstanding: 92.30m
  • Website: https://www.norstatesbank.com

Number of Employees


Location

  • Northern States Financial Corporation
  • 1601 North Lewis Avenue
  • Waukegan
  • Illinois
  • 60085
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
NSFCOTCPK (Pink Sheets LLC)YesCommon StockUSUSDJul 1991

Biography

Northern States Financial Corporation operates as the holding company for NorStates Bank that provides commercial banking products and services to individuals, businesses, and other organizations in northe ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2018/10/15 21:09
End of Day Share Price2018/10/12 00:00
Earnings2018/06/30
Annual Earnings2017/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.