Company: NSTS
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001437749-25-026943
Chunk: 42

Company: NSTS Bancorp, Inc.
Filing Date: 2025-08-14
Form: 10-Q
Item: Item 8
Chunk 42
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 to actively monitor the deposit balances and interest rates offered to maintain an adequate level of liquidity.

Total Equity. Total equity increased $1.3 million to $77.8 million at June 30, 2025. The increase is primarily due to a decrease in the unrealized loss position on the securities available-for-sale portfolio during the six months ended June 30, 2025, partially offset by net losses of $586,000.

       34

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 June 30, 2025 was the result of two loans moving to non-accrual during the period. 

      At June 30, 

      At December 31, 

      2025 

      2024 

      (Dollars in thousands) 

      Nonaccrual loans 
      
     $
     287

     $
     —

      Loans 90+ days past due and accruing 

     —

     —

      Total non-performing loans 

     287

     —

      Other real estate owned, net 

     —

     —

      Total non-performing assets 
      
     $
     287

     $
     —

      Asset Quality Ratios: (1) 

      Non-accrual loans as a percent of total loans outstanding 

     0.21
     %

     —
     %

      Non-performing assets as a percent of total assets 

     0.10
     %

     —
     %

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

     0.90
     %

     0.92
     %

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

     418.12
     %

     —
     %

      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 total loans was 0.90% and 0.