Company: NSTS
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001437749-25-026943
Chunk: 19

Company: NSTS Bancorp, Inc.
Filing Date: 2025-08-14
Form: 10-Q
Item: Item 8
Chunk 19
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 the fair value hierarchy as of  June 30, 2025 and  December 31, 2024:

       Fair Value Measurements Using  
   Fair Value    Level 1    Level 2    Level 3  
   (Dollars in thousands)  
 June 30, 2025                 
 Securities available-for-sale                 
 U.S. government agency obligations  $7,692  $—  $7,692  $— 
 Municipal obligations   11,570   —   11,570   — 
 Mortgage-backed residential obligations   25,085   —   25,085   — 
 Collateralized mortgage obligations   25,241   —   25,241   — 
 Total  $69,588  $—  $69,588  $— 
                 
 December 31, 2024                 
 Securities available-for-sale                 
 U.S. government agency obligations  $8,657  $—  $8,657  $— 
 Municipal obligations   11,736   —   11,736   — 
 Mortgage-backed residential obligations   25,915   —   25,915   — 
 Collateralized mortgage obligations   24,941   —   24,941   — 
 Total  $71,249  $—  $71,249  $— 

   The Bank  may be required, from time to time, to measure certain assets and liabilities at fair value on a nonrecurring basis in accordance with accounting principles generally accepted in the United States of America. These include assets that are measured at the lower of cost or market that were recognized at fair value below cost at the end of the period. There were no assets measured at fair value on a nonrecurring basis as of  June 30, 2025 and  December 31, 2024. 

       19

   Note 7: Fair Value of Financial Instruments
    
   Financial instruments are classified within the fair value hierarchy using the methodologies described in Note 6 – Fair Value Measurements. The following disclosures include financial instruments that are not carried at fair value on the Consolidated Balance Sheets. The calculation of estimated fair values is based on market conditions at a specific point in time and