Company: NSTS
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001437749-25-026943
Chunk: 54

Company: NSTS Bancorp, Inc.
Filing Date: 2025-08-14
Form: 10-Q
Item: Item 1
Chunk 54
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 INC.

Consolidated Statements of Cash Flows (unaudited)

      For the six months ended June 30,  
   2025    2024  
   (Dollars in thousands)  
 Cash flows from operating activities:         
 Net loss  $(586) $(572)
 Adjustments to reconcile net loss to net cash used in operating activities:         
 Depreciation   152   149 
 Securities amortization and accretion, net   242   263 
 Loans originated for sale   (38,366)  (21,945)
 Proceeds from sales of loans held for sale   38,595   20,042 
 Gain on sale of mortgage loans   (696)  (427)
 Provision for credit losses   20   122 
 Earnings on bank owned life insurance   (113)  (106)
 ESOP expense   127   102 
 Stock based compensation   332   324 
 Change in deferred income taxes   628   (282)
 Net change in accrued interest receivable and other assets   (434)  5 
 Net change in accrued expenses and other liabilities   (1,922)  785 
 Net cash used in operating activities   (2,021)  (1,540)
 Cash flows from investing activities:         
 Net change in portfolio loans   (5,222)  (12,976)
 Principal repayments on mortgage-backed securities   2,545   2,780 
 Maturities and calls of securities available for sale   1,080   2,800 
 Purchase of Federal Home Loan Bank stock   (20)  (35)
 Net change in time deposits with other financial institutions   —   995 
 Purchases of premises and equipment, net   (93)  (132)
 Net cash used in investing activities   (1,710)  (6,568)
 Cash flows from financing activities:         
 Net change in deposits   2,804   8,998 
 Net change in escrow deposits   42   343 
 Repayment of FHLB Advance   (5,000)  — 
 Purchase of treasury shares (None and 8,399 shares for the six months ended June 30, 2025 and 2024, respectively)   —