Company: NSTS
Filing Date: 2025-05-14
Form Type: 10-Q
Source: 0001437749-25-016849
Chunk: 38

Company: NSTS Bancorp, Inc.
Filing Date: 2025-05-14
Form: 10-Q
Item: Item 8
Chunk 38
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0 million. The Bank is actively working with the customer to retain the funds. Management continues to actively monitor the deposit balances and interest rates offered to maintain an adequate level of liquidity.

Total Equity. Total equity increased $1.0 million to $77.5 million at March 31, 2025. The increase is primarily due to a decrease in the unrealized loss position on the securities available-for-sale portfolio during the quarter ended March 31, 2025 and partially offset by the net loss.

       32

Asset Quality

The following table sets forth certain information with respect to our nonperforming assets. The increase in non-accrual loans from December 31, 2024 to March 31, 2025 was the result of one loan moving to non-accrual during the period. 

      At March 31, 

      At December 31, 

      2025 

      2024 

      (Dollars in thousands) 

      Nonaccrual loans 
      
     $
     263

     $
     —

      Loans 90+ days past due and accruing 

     —

     —

      Total non-performing loans 

     263

     —

      Other real estate owned, net 

     —

     —

      Total non-performing assets 
      
     $
     263

     $
     —

      Asset Quality Ratios: (1) 

      Non-accrual loans as a percent of total loans outstanding 

     0.20
     %

     —
     %

      Non-performing assets as a percent of total assets 

     0.09
     %

     —
     %

      Allowance for credit losses on loans as a percent of total loans outstanding 

     0.88
     %

     0.92
     %

      Allowance for credit losses on loans as a percent of non-performing loans(2) 

     439.54
     %

     —
     %

      Net charge-offs (recoveries) to average loans receivable 

     —
     %

     —
     %

      (1) 
      Asset quality ratios and capital ratios are end of period ratios, except for net charge-offs to average loans receivable. 

      (2) 
      Non-performing loans consist of non-accrual loans and loans that are 90 or more days past due and still accruing. 

The allowance for credit losses on loans as a percentage of