Company: NSTS
Filing Date: 2025-03-28
Form Type: 10-K
Source: 0001437749-25-009831
Chunk: 409

Company: NSTS Bancorp, Inc.
Filing Date: 2025-03-28
Form: 10-K
Item: Item 1A
Chunk 409
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interest income   1,941   (1,150)
 Noninterest expense:         
 Salaries and employee benefits   5,939   4,554 
 Equipment and occupancy   782   739 
 Data processing   884   684 
 Professional services   513   601 
 Advertising   286   104 
 Supervisory fees and assessments   142   140 
 Loan expenses   212   117 
 Deposit expenses   239   217 
 Director fees   215   216 
 Other   508   480 
 Total noninterest expense   9,720   7,852 
 Loss before income taxes   (789)  (2,958)
 Income tax expense   —   999 
 Net loss  $(789) $(3,957)
 Basic and diluted loss per share   (0.16)  (0.79)
 Weighted average shares outstanding   4,911,461   5,004,498 

See accompanying notes to consolidated financial statements 

      49

      NSTS BANCORP, INC. AND SUBSIDIARIES 

      Consolidated Statements of Comprehensive Income 

      Year ended December 31,  
   2024    2023  
  (Dollars in thousands) 
 Net loss  $(789) $(3,957)
 Unrealized net holding (loss) gain on securities         
 Unrealized net holding (loss) gain on securities arising during period, net of realized loss on sales of $0 and $1,794,000, in the years ended December 31, 2024 and 2023, respectively   (535)  4,058 
 Tax effect   152   (1,156)
 Other comprehensive (loss) income, net of taxes   (383)  2,902 
 Comprehensive loss  $(1,172) $(1,055)

See accompanying notes to consolidated financial statements 

      50

      NSTS BANCORP, INC. AND SUBSIDIARIES 

      Consolidated Statements of Stockholders' Equity 

                          Accumulated          
                       other    Unallocated      
   Common    Common    Treasury    Additional    Retained    comprehensive    Common Shares      
   Shares    Stock    Stock