Company: NSTS
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001437749-25-026943
Chunk: 71

Company: NSTS Bancorp, Inc.
Filing Date: 2025-08-14
Form: 10-Q
Item: Item 1
Chunk 71
---
 Nonaccrual  
   (Dollars in thousands)  
 First mortgage loans                         
 1-4 family residential  $287  $287  $—  $—  $200  $200 
 Multi-family   —   —   —   —   —   — 
 Commercial   —   —   —   —   —   — 
 Construction   —   —   —   —   —   — 
 Consumer loans   —   —   —   —   —   — 
 Total loans  $287  $287  $—  $—  $200  $200 

   The Bank  may modify loans to borrowers experiencing financial difficulty by providing modifications to repayment terms; more specifically, modifications to loan interest rates. Management performs an analysis at the time of loan modification. Any reserve required is recorded through a provision to the allowance for credit losses on loans. There were no modifications on loans to borrowers experiencing financial difficulty during the six months ended  June 30, 2025 and 2024.

       15

   Note 4: Deposits
    
   As of  June 30, 2025 the scheduled maturities of time deposits are as follows:

     For the 12 months ended     
 June 30,   Amount  
   (Dollars in thousands)  
 2026  $69,570 
 2027   8,937 
 2028   6,751 
 2029   6,008 
 2030 and beyond   3,598 
 Total  $94,864 

   In the normal course of business, deposit accounts are held by directors and executive officers of the Company and the Bank (related parties). The terms for these accounts, including interest rates, fees, and other attributes, are similar to those prevailing for comparable transactions with other customers and do not involve more than the normal level of risk associated with deposit accounts. At  June 30, 2025 and  December 31, 2024, total deposits held by directors and officers of the Company and the Bank were $1.5 million and $1.1 million, respectively.

       16

   Note 5: Other Borrowings
    
   There were