Company: NSTS
Filing Date: 2025-05-14
Form Type: 10-Q
Source: 0001437749-25-016849
Chunk: 9

Company: NSTS Bancorp, Inc.
Filing Date: 2025-05-14
Form: 10-Q
Item: Item 8
Chunk 9
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, on the basis of currently existing facts, highly questionable and improbable.
    
   On an annual basis, or more often if needed, the Bank formally reviews the ratings on commercial loans. In addition, the Bank performs an independent review of a significant portion of the commercial loan portfolio. Management uses the results of the independent review as part of its annual review process.

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   The following tables present the credit risk profile of the Company's loan portfolio based on risk rating category and year of origination as of  March 31, 2025 and  December 31, 2024.

       As of March 31, 2025      
   Term loans amortized cost basis by origination year                  
   2025    2024    2023    2022    2021    Prior    Revolving loans amortized cost basis    Revolving loans converted to term loans amortized cost basis    Total  
   (Dollars in thousands)      
 1-4 family residential                                     
 Pass  $5,083  $17,652  $20,897  $12,343  $17,709  $41,593  $4,516  $—  $119,793 
 Special Mention   —   —   —   —   —   —   197   —   197 
 Substandard   —   263   —   —   —   —   —   —   263 
 Total 1-4 family residential   5,083   17,915   20,897   12,343   17,709   41,593   4,713   —   120,253 
 Current year-to-date gross write-offs   —   —   —   —   —   —   —   —   — 
 Multi-family                                     
 Pass   —   513   —   —   228   2,594   —   —  $3,335 
 Special Mention   —   —   —   —   —   —   —   —   — 
 Substandard   —   —