Company: NSTS
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001437749-25-026943
Chunk: 89

Company: NSTS Bancorp, Inc.
Filing Date: 2025-08-14
Form: 10-Q
Item: Item 1
Chunk 89
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     1.75
     %

      Noninterest-bearing liabilities 

     18,978

     17,533

      Total liabilities 
      
     $
     203,403

     $
     186,482

      Equity 

     76,890

     76,677

      Total liabilities and equity 
      
     $
     280,293

     $
     263,159

      Net interest income 

     $
     3,639

     $
     3,493

      Interest rate spread(1) 

     2.20
     %

     2.34
     %

      Net interest-earning assets(2) 
      
     $
     75,895

     $
     74,469

      Net interest margin(3) 

     2.80
     %

     2.87
     %

      Average interest-earning assets to average-interest bearing liabilities 

     141.15
     %

     144.08
     %

     (1)
     Equals the difference between the yield on average earning-assets and the cost of average interest-bearing liabilities.

     (2)
     Equals total interest-earning assets less total interest-bearing liabilities.

     (3)
     Equals net interest income divided by average interest-earning assets.

       31

COMPARISON OF OPERATING RESULTS FOR THE three and six months ended June 30, 2025 and 2024

General. For the quarter ended June 30, 2025, we had a net loss of $258,000, compared to a net loss of $326,000 for the quarter ended June 30, 2024. The decrease in net loss for the quarter ended June 30, 2025 is due an increase in interest and noninterest income, partially offset by an increase in interest expense and noninterest expenses. For the six months ended June 30, 2025, we had a net loss of $586,000, compared to a net loss of $572,000 for the six months ended June 30, 2024. The increase in interest and noninterest income was offset by the increase in interest expense and noninterest expenses.

Net Interest Income. Net interest income increased $20,000, to $1.8 million for quarter ended June 30, 2025. Our interest rate spread decreased to 2.19% for the quarter ended June 30, 2025 from