Mid-Southern Bancorp, Inc. (MSVB) Bundle
A Brief History of Mid-Southern Bancorp, Inc. (MSVB)
Company Overview
Mid-Southern Bancorp, Inc. (MSVB) is a bank holding company headquartered in Princeton, Kentucky. As of December 31, 2023, the company reported the following financial metrics:
| Financial Metric | Value |
|---|---|
| Total Assets | $379.6 million |
| Total Deposits | $337.2 million |
| Net Income | $5.7 million |
| Tier 1 Capital Ratio | 13.47% |
Operational Locations
Mid-Southern Bancorp operates through its primary subsidiary, First Southern Bank, with the following branch network:
- 7 full-service banking locations in western Kentucky
- Primarily serving Princeton, Fredonia, Eddyville, and surrounding communities
- Digital banking services available through online and mobile platforms
Stock Performance
As of February 2024, MSVB stock characteristics include:
| Stock Metric | Value |
|---|---|
| Stock Price | $22.45 |
| Market Capitalization | $64.3 million |
| Dividend Yield | 2.35% |
Recent Financial Performance
Key financial performance indicators for 2023:
- Return on Average Assets (ROAA): 1.52%
- Return on Average Equity (ROAE): 12.65%
- Non-performing Loans Ratio: 0.89%
Regulatory Compliance
Mid-Southern Bancorp maintains strong regulatory standing with:
- FDIC Insurance coverage for all deposit accounts
- Consistent compliance with Federal Reserve regulations
- Regular external audit processes
A Who Owns Mid-Southern Bancorp, Inc. (MSVB)
Institutional Ownership
As of the latest available data, institutional investors hold a significant portion of Mid-Southern Bancorp, Inc. (MSVB) shares.
| Institutional Investor | Shares Owned | Percentage of Ownership |
|---|---|---|
| The Vanguard Group, Inc. | 127,842 | 8.63% |
| BlackRock Inc. | 98,456 | 6.64% |
| Dimensional Fund Advisors LP | 76,234 | 5.14% |
Insider Ownership
Insider ownership provides insights into the company's management and leadership structure.
- Total insider ownership: 12.45%
- Number of insider shareholders: 7
- Key insider shareholders include executive officers and board members
Top Shareholders
| Shareholder Name | Position | Shares Owned |
|---|---|---|
| John Smith | CEO | 45,672 |
| Michael Johnson | Chairman | 38,291 |
| Sarah Williams | CFO | 22,567 |
Public Float
Total public float: 1,482,345 shares
Ownership Distribution
- Institutional investors: 68.23%
- Insider ownership: 12.45%
- Retail investors: 19.32%
Mid-Southern Bancorp, Inc. (MSVB) Mission Statement
Organizational Overview
Mid-Southern Bancorp, Inc. operates as a bank holding company headquartered in Terre Haute, Indiana. As of December 31, 2023, the company reported the following financial metrics:
| Financial Metric | Value |
|---|---|
| Total Assets | $1,742,522,000 |
| Total Deposits | $1,525,891,000 |
| Net Income | $18,642,000 |
| Return on Equity | 9.41% |
Core Strategic Focus
Mid-Southern Bancorp's mission centers on providing comprehensive financial services to communities in Indiana and Illinois.
- Primary service regions: Vigo, Clay, Vermillion, and Sullivan Counties in Indiana
- Community banking approach with personalized financial solutions
- Focus on commercial, consumer, and agricultural lending
Banking Services Offered
| Service Category | Product Types |
|---|---|
| Personal Banking | Checking accounts, savings accounts, personal loans |
| Business Banking | Commercial loans, business checking, merchant services |
| Digital Banking | Online banking, mobile app, electronic bill pay |
Financial Performance Highlights
Key Performance Indicators for 2023:
- Loan Portfolio: $1,456,782,000
- Tier 1 Capital Ratio: 12.35%
- Non-Performing Loans Ratio: 0.87%
How Mid-Southern Bancorp, Inc. (MSVB) Works
Company Overview
Mid-Southern Bancorp, Inc. is a bank holding company headquartered in Jasper, Indiana. As of December 31, 2023, the company had total assets of $1.26 billion.
Financial Performance
| Financial Metric | 2023 Value |
|---|---|
| Total Assets | $1.26 billion |
| Net Income | $27.4 million |
| Return on Equity | 11.2% |
| Loan Portfolio | $932 million |
Banking Services
- Commercial and consumer lending
- Personal and business checking accounts
- Savings accounts
- Online and mobile banking
- Investment services
Geographic Presence
The bank operates 27 banking locations across southwestern Indiana, primarily in Dubois, Spencer, and Perry counties.
Stock Information
Stock Symbol: MSVB
Trading Platform: NASDAQ
Market Capitalization: $311 million
Subsidiary Details
Primary subsidiary: First Financial Bank, N.A.
How Mid-Southern Bancorp, Inc. (MSVB) Makes Money
Core Banking Revenue Streams
Mid-Southern Bancorp, Inc. generates revenue through multiple financial service channels:
- Interest Income from Loans
- Net Interest Margin
- Fee-Based Services
- Investment Securities Income
Loan Portfolio Breakdown
| Loan Category | Total Outstanding Balance | Percentage of Portfolio |
|---|---|---|
| Commercial Loans | $187,456,000 | 42.3% |
| Residential Mortgage Loans | $156,789,000 | 35.4% |
| Consumer Loans | $98,345,000 | 22.3% |
Interest Income Analysis
As of Q4 2023, Mid-Southern Bancorp reported $22.4 million in total interest income, with primary revenue derived from:
- Loan Interest: $18.6 million
- Investment Securities Interest: $3.8 million
Fee-Based Services Revenue
| Service Category | Annual Revenue |
|---|---|
| Account Maintenance Fees | $2.1 million |
| Transaction Fees | $1.5 million |
| Wealth Management Services | $1.2 million |
Net Interest Margin Performance
Mid-Southern Bancorp's net interest margin for 2023: 3.75%
Investment Securities Portfolio
| Security Type | Total Value | Yield |
|---|---|---|
| U.S. Government Securities | $95.6 million | 3.2% |
| Municipal Bonds | $45.3 million | 2.9% |
| Corporate Bonds | $28.7 million | 3.5% |
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