Company: NSTS
Filing Date: 2025-03-28
Form Type: 10-K
Source: 0001437749-25-009831
Chunk: 323

Company: NSTS Bancorp, Inc.
Filing Date: 2025-03-28
Form: 10-K
Item: Item 15
Chunk 323
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2023  
  (Dollars in thousands) 
 Assets:         
 Cash  $16,855  $18,634 
 Investment in subsidiary   56,028   55,035 
 Loan to ESOP   3,800   3,973 
 Other assets   15   7 
 Total assets  $76,698  $77,649 
 Liabilities:         
 Accrued expense and other liabilities  $208  $104 
 Total liabilities   208   104 
 Stockholders' equity         
 Common Stock   56   56 
 Treasury Stock   (3,240)  (2,381)
 Additional paid-in capital   51,684   50,920 
 Retained earnings   40,266   41,055 
 Unallocated common shares held by ESOP   (3,670)  (3,882)
 Accumulated other comprehensive loss, net   (8,606)  (8,223)
 Total stockholders' equity   76,490   77,545 
 Total liabilities and stockholders’ equity  $76,698  $77,649 

   NSTS BANCORP, INC. Condensed Statements of Operations

       Year ended December 31,  
   2024    2023  
  (Dollars in thousands) 
 Income:         
 Interest income  $129  $135 
 Total income   129   135 
 Expense:         
 Noninterest expense  $1,313  $1,180 
 Total expense   1,313   1,180 
 Losses before income tax expense and equity in undistributed earnings (losses) of subsidiary  $(1,184) $(1,045)
 Income tax expense   —   96 
 Losses before equity in undistributed earnings (losses) of subsidiary  $(1,184) $(1,141)
 Equity in undistributed earnings (losses) of subsidiary   395   (2,816)
 Net loss  $(789) $(3,957)

       79

   NSTS BANCORP, INC. Condensed Statements of Cash Flows

       Year ended December 31,  
   2024    2023  
   (Dollars