The year 2021 was an excellent year for KS Bank and we look forward to continuing our efforts in 2022 to capitalize on the changing bank environment with our brand of service-oriented community banking. We are extremely proud of our associates and the work they do each day to win customers and take care of their needs. This continues to create value for all of our stakeholders.
Earl W. Worley, Jr., newly appointed President & CEO of KS Bank
CONTENTS
Financial Highlights 2-3
The Shareholder Difference 4-5
Selected Financial Data 6-7
The KS Difference - The Branch and Beyond 8-9
The Executive Difference - Looking Back, Looking Ahead 10
Board of Directors & Executive Leadership 11
Corporate Information 12
ABOUT US
KS Bancorp, Inc. is a Smithfield, North Carolina-based, single bank holding company with approximately $571 million in assets as of December 31, 2021. KS Bank, Inc., a state-chartered savings bank, is KS Bancorp's sole subsidiary. The Bank conducts its operations through nine full service branch offices that are located in Kenly, Goldsboro, Wilson, Garner, Selma, Clayton, Wendell, Four Oaks, and Smithfield, North Carolina. There are 87 employees at the time of this writing.
The Company emphasizes being a community-oriented financial institution and offers a broad range of personal and business banking products and services, mortgage products, and wealth management. KS Personal Services offers a complete suite of deposit and loan products that are tailored to specific needs, while KS Business Services includes not only deposit and loan products but also payroll services, merchant card services, cash management, and remote deposit.
KS Mortgage Services offers competitive mortgage products through a responsive team of mortgage specialists. Finally, KS Trust offers a broad array of services to help clients manage, protect and build upon their financial resources. KS Trust offers a complete line of trust services, such as investment management, IRAs, trust administration, estate planning, charitable giving, business secession, and risk management. Currently, the Company's stock is traded on the over-the-counter bulletin board (www.otcbb.com) and the Pink Sheets (www.pinksheets.com) under the symbol "KSBI." KS Bancorp had 1,107,776 shares of common stock, which were held by approximately 305 shareholders of record, as of December 31, 2021.
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FINANCIAL HIGHLIGHTS
TOTAL ASSETS
LOANS RECEIVABLE, NET
DEPOSITS
2
NET INCOME AVAILABLE TO COMMON SHAREHOLDERS
TOTAL RISK BASED CAPITAL
The Board of Directors is committed to creating long-term value for our customers, employees, and shareholders. The Board's focus is to provide good counsel and strong oversight. We are fortunate to have talented Ieaders and employees committed to our community banking concept.
James C. Parker
Chairman | Board of Directors 3
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KS Bancorp Inc. published this content on 31 March 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 14 April 2022 17:05:01 UTC.
KS Bancorp, Inc. is a bank holding company. The Company offers a range of personal and business banking products and services, mortgage products and trust services. The Company operates through its subsidiary, KS Bank, Inc. (the Bank), which conducts its operations through nine full-service branch offices in Kenly, Goldsboro, Wilson, Garner, Selma, Clayton, Wendell, Four Oaks and Smithfield, North Carolina, as well as a loan production office in Dunn. KS Personal Services offers a complete suite of deposit and loan products that are tailored to specific needs, while KS Business Services includes deposit and loan products, payroll services (through Flex Pay), merchant card services, cash management and remote deposit. KS Mortgage Services offers mortgage products through a team of mortgage specialists. Its Trust Services Division offers a complete line of trust services, such as money management, individual retirement accounts (IRAs), trust administration and estate administration.
KS BANCORP, INC. 
