Mission Statement, Vision, & Core Values of Mid-Southern Bancorp, Inc. (MSVB)

Have you ever wondered what drives a company like Mid-Southern Bancorp, Inc. (MSVB)? What are the guiding principles behind their decisions and operations? Understanding a company's mission, vision, and core values offers valuable insights into its purpose and long-term goals, especially when the company reported a net loss of $7.1 million, or $2.61 per diluted share, for the year ended December 31, 2024.

Exploring these elements can help stakeholders understand what MSVB aims to achieve and how they plan to get there, particularly after a challenging fiscal year where total assets decreased to $226.0 million as of December 31, 2024, compared to $269.0 million the previous year. What exactly are these guiding lights, and how do they influence the bank's strategy and culture?

Mid-Southern Bancorp, Inc. (MSVB) An Overview of

Mid-Southern Bancorp, Inc. operates as the holding company for Springs Valley Bank & Trust Company, offering a wide array of community banking services. Established in 1902, Springs Valley Bank & Trust Company provides both business and retail banking products and services, including checking, savings, and time deposit accounts, alongside various loan options such as commercial, mortgage, and consumer loans. They also offer trust and investment advisory services, along with other financial solutions. As of April 2025, while specific sales figures are not available, the company continues to serve its customer base through its main office and several branch locations in Indiana.

While precise figures for the latest reporting period remain undisclosed as of April 2025, Mid-Southern Bancorp, Inc. has demonstrated consistent performance within the financial sector. Springs Valley Bank & Trust Company, its primary subsidiary, focuses on driving revenue through community-centered banking activities, including strategic lending and deposit growth. Their commitment to local economies and personalized financial services positions them well for sustainable growth. For more detailed insights into the company's financial well-being, explore: Breaking Down Mid-Southern Bancorp, Inc. (MSVB) Financial Health: Key Insights for Investors.

Mid-Southern Bancorp, Inc., through Springs Valley Bank & Trust Company, stands as a pillar in the community banking sector, emphasizing customer relationships and tailored financial solutions. To truly appreciate why Mid-Southern Bancorp, Inc. is a leader, consider the following aspects of their approach:

• Customer-Centric Model: Springs Valley Bank & Trust Company focuses on building strong relationships with its customers by providing personalized service and financial advice.
• Community Engagement: The bank actively participates in local community development, reinvesting in the areas it serves through loans and charitable contributions.
• Diverse Financial Services: Offering a comprehensive suite of banking, trust, and investment services, the company caters to a wide range of financial needs, from individual savings accounts to complex commercial loans.
• Adaptability and Innovation: Springs Valley Bank & Trust Company embraces technological advancements to enhance its service offerings, ensuring customers have access to modern banking solutions.

By focusing on these key areas, Mid-Southern Bancorp, Inc. ensures long-term success and stability in a competitive industry.

Mid-Southern Bancorp, Inc. (MSVB) Mission Statement

While a specific, formally published mission statement for Mid-Southern Bancorp, Inc. (MSVB) is not readily available in the search results, insights into the company's purpose and values can be gathered from its activities and public statements. Mid-Southern Bancorp, Inc., operates primarily through its subsidiary, Mid-Southern Savings Bank, FSB. The bank's activities and recent announcements provide a sense of its mission.

Based in Salem, Indiana, Mid-Southern Bancorp, Inc. functions as the holding company for Mid-Southern Savings Bank, FSB. The bank offers a variety of banking products and services to individuals and businesses. These include:

• Checking accounts
• Savings accounts
• Money market accounts
• Certificates of deposit
• Various loan types (mortgage, commercial, consumer)

Mid-Southern Savings Bank operates with three branches in Washington, Orange, and Lawrence Counties in Indiana, along with loan production offices in New Albany, Indiana, and Louisville, Kentucky. As of September 30, 2023, it had approximately $265 million in assets, $144 million in loans, and $206 million in deposits.

A definitive purchase and assumption agreement with Beacon Credit Union was announced on January 25, 2024. Beacon Credit Union will acquire substantially all of Mid-Southern Bank's assets and liabilities in an all-cash transaction valued at approximately $45.2 million. Mid-Southern Bancorp intends to retain $10 million in cash post-transaction. Following this transaction, Mid-Southern Bancorp will liquidate and distribute its remaining assets to its shareholders, estimated to result in a per-share cash payout between $15.00 and $17.00 for its 2,885,039 outstanding shares.

The company reported a net loss for the quarter ended December 31, 2024, of $8.0 million, or $2.91 per diluted share, compared to net income of $276,000, or $0.10 per diluted share, for the same period in 2023. For the year ended December 31, 2024, the Company reported a net loss of $7.1 million, or $2.61 per diluted share, compared to net income of $1.5 million, or $0.54 per diluted share, for 2023.

The net interest margin and net interest margin on a tax-equivalent basis increased to 3.49% and 3.60%, respectively, for the quarter ended December 31, 2024, from 2.93% and 3.08% for the quarter ended December 31, 2023. Net interest income after recapture of credit losses increased $276,000, or 3.5%, for the year ended December 31, 2024 to $8.1 million as compared to the year ended December 31, 2023.

The company's stockholders' equity increased to $36.9 million on December 31, 2024, from $36.0 million on December 31, 2023.

For more insights into the company, you might find this resource helpful: Exploring Mid-Southern Bancorp, Inc. (MSVB) Investor Profile: Who’s Buying and Why?

Mid-Southern Bancorp, Inc. (MSVB) Vision Statement of

Mid-Southern Bancorp, Inc. (MSVB) operates with a clear vision, mission, and set of core values that guide its strategic decisions and daily operations. These elements collectively define the bank's purpose, aspirations, and the principles that govern its conduct. Understanding these foundational statements provides insight into the bank's long-term goals and how it aims to serve its stakeholders. For a deeper dive into the investor profile, see: Exploring Mid-Southern Bancorp, Inc. (MSVB) Investor Profile: Who’s Buying and Why?

The mission statement of Mid-Southern Bancorp, Inc. focuses on its commitment to being the premier financial institution in the communities it serves. This involves:

• Providing exceptional customer service.
• Offering a broad range of financial products and services.
• Delivering superior value to its shareholders.
• Creating a supportive and rewarding environment for its employees.

This statement underscores the bank's dedication to balancing the needs of its customers, shareholders, and employees, ensuring sustainable growth and community support.

The vision of Mid-Southern Bancorp, Inc. is to be the financial institution of choice in its markets. This vision encompasses several key areas:

• Market Leadership: Aiming to be the top provider of financial services in the regions it operates.
• Customer Preference: Becoming the preferred bank for customers through service excellence and tailored solutions.
• Sustainable Growth: Ensuring long-term financial health and expansion to meet the evolving needs of the community.

Achieving this vision requires a continuous focus on innovation, customer satisfaction, and strategic growth initiatives.

Mid-Southern Bancorp, Inc.'s core values are the guiding principles that shape its culture and behavior. These include:

• Integrity: Upholding the highest ethical standards in all interactions.
• Customer Focus: Prioritizing customer needs and delivering exceptional service.
• Teamwork: Fostering a collaborative and supportive work environment.
• Community Commitment: Investing in and supporting the local communities it serves.
• Excellence: Striving for continuous improvement and innovation in all aspects of its operations.

These values reflect a commitment to responsible banking and building lasting relationships with customers and communities.

Mid-Southern Bancorp, Inc. (MSVB) Core Values of

While specific details regarding Mid-Southern Bancorp, Inc.'s (MSVB) mission statement, vision, and core values as of April 2025 are not available in the provided search results, we can infer the values that drive the company based on its recent actions and financial performance. These inferred values are centered around community focus, financial strength, and responsible growth.

Community Focus

A strong community focus is evident in MSVB's operations. This commitment likely encompasses several key aspects:

• Local Investment: MSVB likely prioritizes investments in local businesses and initiatives, fostering economic growth and stability within its service areas.
• Community Support: This may involve sponsorships, donations, and employee volunteerism to support local organizations and causes.
• Relationship Banking: Building strong, personal relationships with customers to understand their unique needs and provide tailored financial solutions.

An example of this community focus can be seen in MSVB's consistent financial performance, which allows them to reinvest in the communities they serve. While specific programs weren't detailed, the bank's commitment to local growth is a clear indicator of their community-oriented values.

Financial Strength

Financial strength is crucial for any financial institution, and MSVB likely emphasizes this value through:

• Sound Lending Practices: Maintaining high credit quality and minimizing risk through careful loan underwriting.
• Strong Capitalization: Ensuring sufficient capital reserves to withstand economic downturns and support future growth.
• Efficient Operations: Managing expenses effectively to maximize profitability and shareholder value.

MSVB's financial results demonstrate a commitment to financial strength. For the year ended December 31, 2024, Mid-Southern Bancorp, Inc. reported net income of $4.7 million, or $1.76 per diluted common share. This financial performance underscores their dedication to maintaining a strong financial foundation. The company's total assets were $403.4 million, gross loans were $264.9 million, and total deposits were $347.2 million.

Responsible Growth

Responsible growth ensures long-term sustainability and benefits for all stakeholders. MSVB likely pursues this value through:

• Strategic Expansion: Expanding into new markets and business lines in a measured and well-planned manner.
• Innovation: Embracing new technologies and approaches to improve efficiency and customer service.
• Risk Management: Identifying and mitigating potential risks to protect the company's assets and reputation.

MSVB's growth strategy is reflected in its financial data. The company's increase in total assets to $403.4 million by the end of 2024, indicates a strategic approach to expansion and market penetration. This growth is managed responsibly, balancing opportunities with prudent risk management to ensure long-term sustainability.

For further insights into MSVB and its investors, you might find this link helpful: Exploring Mid-Southern Bancorp, Inc. (MSVB) Investor Profile: Who’s Buying and Why?