CONSOLIDATED BALANCE SHEETS (USD $) In Thousands, unless otherwise specified	Dec. 31, 2012	Dec. 31, 2011
Assets
Cash and due from banks	$ 4,971	$ 5,313
Interest bearing deposits in financial institutions - maturities less than 90 days	46,654	32,520
Total cash and cash equivalents	51,625	37,833
Interest bearing deposits in financial institutions - maturities of 90 days or more	5,406	0
Securities available for sale	79,150	87,140
Loans and leases, net of deferred fees	272,797	322,713
Less: allowance for loan and lease losses	(20,727)	(18,984)
Loans and leases, net	252,070	303,729
Federal Home Loan Bank stock	931	1,801
Office buildings and equipment, net	8,544	9,069
Other real estate owned	11,744	19,342
Accrued interest receivable	1,119	1,401
Other assets	2,683	2,675
Total assets	413,272	462,990
Deposits
Demand - noninterest bearing	68,323	67,955
Demand - interest bearing	60,874	58,002
Money market accounts	51,680	53,185
Savings	71,022	66,172
Time, $100,000 and over	42,720	69,837
Time, under $100,000	61,971	70,627
Time, brokered	2,004	11,853
Total deposits	358,594	397,631
Securities sold under repurchase agreements	19,262	19,455
Subordinated debentures	10,310	10,310
Advances from borrowers for taxes and insurance	1,335	1,222
Accrued interest payable and other liabilities	7,838	5,833
Total liabilities	397,339	434,451
Stockholders' Equity
Common stock (Par value $0.40 per share, authorized 6,500,000 shares, issued 4,472,255 at December 31, 2012 and December 31, 2011. Shares outstanding of 4,270,755 and 4,277,755 shares at December 31, 2012 and December 31, 2011, respectively)	1,789	1,789
Preferred stock (Par value $0.40 per share, authorized 1,000,000 shares, issued 17,211 shares with liquidation amounts of $1,000.00 per share at December 31, 2012 and December 31, 2011)	17,047	16,904
Warrants (584,084 issued and outstanding at December 31, 2012 and December 31, 2011)	681	681
Additional paid-in capital	7,322	7,054
(Accumulated deficit) retained earnings	(8,222)	5,489
Treasury stock, at cost (201,500 shares at December 31, 2012 and 194,500 shares at December 31, 2011)	(4,674)	(4,512)
Accumulated other comprehensive income, net	1,990	1,134
Total stockholders' equity	15,933	28,539
Total liabilities and stockholders' equity	$ 413,272	$ 462,990

NORTHERN STATES FINANCIAL CORP /DE/ 10-K