Company: NSTS
Filing Date: 2025-03-28
Form Type: 10-K
Source: 0001437749-25-009831
Chunk: 466

Company: NSTS Bancorp, Inc.
Filing Date: 2025-03-28
Form: 10-K
Item: Item 1B
Chunk 466
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3,000

     1.79
     %
      
     $
     155,858

     $
     1,336

     0.86
     %

      Other borrowings 

     5,000

     243

     4.86
     %

     3,461

     172

     4.97
     %

      Total interest-bearing liabilities 
      
     $
     172,691

     $
     3,243

     1.88
     %
      
     $
     159,319

     $
     1,508

     0.95
     %

      Noninterest-bearing liabilities 

     17,162

     17,896

      Total liabilities 
      
     $
     189,853

     $
     177,215

      Equity 

     76,986

     79,608

      Total liabilities and equity 
      
     $
     266,839

     $
     256,823

      Net interest income 

     $
     7,061

     $
     6,220

      Interest rate spread(1) 

     2.29
     %

     2.33
     %

      Net interest-earning assets(2) 

     74,522

     75,954

      Net interest margin(3) 

     2.86
     %

     2.64
     %

      Average interest-earning assets to average-interest bearing liabilities 

     143.15
     %

     147.67
     %

      (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. 

      34

Rate/Volume Analysis. The following table shows the extent to which changes in interest rates and changes in volume of interest-earning assets and interest-bearing liabilities affected our interest income and expense during the periods indicated. For each category of interest-earning assets and interest-bearing liabilities, information is provided on changes attributable to (1) changes in rate, which is the change in rate multiplied by prior year volume, and (2) changes in volume, which is the change in volume multiplied by prior year rate. The combined effect of changes in both