Company: NSTS
Filing Date: 2025-11-13
Form Type: 10-Q
Source: 0001437749-25-034806
Chunk: 7

Company: NSTS Bancorp, Inc.
Filing Date: 2025-11-13
Form: 10-Q
Item: Item 8
Chunk 7
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   The accrued interest receivable for loans, net, was $582,000 and $560,000 for  September 30, 2025 and  December 31, 2024, respectively
    
   In the normal course of business, loans are made by the Bank to directors and officers of the Company and the Bank (related parties). The terms of these loans, including interest rate and collateral, are similar to those prevailing for comparable transactions with other customers and do not involve more than a normal risk of collectability. At  September 30, 2025 and  December 31, 2024, such borrowers were indebted to the Bank in the aggregate amount of $570,000 and $587,000, respectively.

       10

   The following tables present the activity in the allowance for credit losses ("ACL") for the three and nine months ended  September 30, 2025 and 2024:

       September 30, 2025  
   1-4 family                      
   residential    Multi-family    Commercial    Construction    Consumer    Total  
   (Dollars in thousands)  
 Three months ended                         
 Beginning balance  $1,056  $37  $44  $61  $2  $1,200 
 Charge-offs   —   —   —   —   —   — 
 Recoveries   —   —   —   —   99   99 
 Net recoveries (charge-offs)   —   —   —   —   99   99 
 Provision for (release of) credit losses   47   2   —   10   (98)   (39 )
 Ending balance  $1,103  $39  $44  $71  $3  $1,260 

       September 30, 2025  
   1-4 family                      
   residential    Multi-family    Commercial    Construction    Consumer    Total  
   (Dollars in thousands)  
 Nine months ended                         
 Beginning balance  $1,056  $37  $41  $65  $2  $1,201 
 Charge-offs