Company: NSTS
Filing Date: 2025-03-28
Form Type: 10-K
Source: 0001437749-25-009831
Chunk: 451

Company: NSTS Bancorp, Inc.
Filing Date: 2025-03-28
Form: 10-K
Item: Item 1A
Chunk 451
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2023                     
 Financial assets:                     
 Loans, net  $120,623  $—  $—  $110,288  $110,288 
 Loans held for sale   380   —   387   —   387 
 Financial liabilities:                     
 Interest-bearing deposits   156,402   —   156,092   —   156,092 
 Other borrowings   5,000   —   4,990   —   4,990 

       77

   Note 15: Earnings Per Share
    
   Basic EPS represents income available to common stockholders divided by the weighted-average number of common shares outstanding during the period. Diluted EPS reflects the potential dilution that could occur if securities or other contracts to issue common shares (such as stock options) were exercised or converted into additional common shares that should then share in the earnings of the entity. Diluted EPS is computed by dividing net income attributable to common stockholders by the weighted average number of common shares outstanding for the period, plus the effect of potential dilutive common share equivalents.
    There were no securities or other contracts that had a dilutive effect during the twelve months ended  December 31, 2024 and 2023, and therefore the weighted-average common shares outstanding used to calculate both basic and diluted EPS are the same. Shares held by the Employee Stock Ownership Plan ("ESOP") that have not been allocated to employees in accordance with the terms of the ESOP, referred to as "unallocated ESOP shares", are not deemed outstanding for purposes of the EPS calculation. 

       Year Ended December 31,  
   2024    2023  
         
 Net loss applicable to common shares  $(789) $(3,957)
         
 Average number of common shares outstanding   5,289,932   5,404,371 
 Less: Average unallocated ESOP shares   378,471   399,873 
 Average number of common shares outstanding used to calculate basic earnings per common share   4,911,461   5,004,498 
 Loss per common share basic and diluted  $(0.16) $(0.79)

   All unallocated ESOP shares have been excluded from the calculation of basic and diluted EPS. Due to the net loss position, all