Company: NSTS
Filing Date: 2025-03-28
Form Type: 10-K
Source: 0001437749-25-009831
Chunk: 832

Company: NSTS Bancorp, Inc.
Filing Date: 2025-03-28
Form: 10-K
Item: Item 4
Chunk 832
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 Average unallocated ESOP shares   378,471   399,873 
 Average number of common shares outstanding used to calculate basic earnings per common share   4,911,461   5,004,498 
 Loss per common share basic and diluted  $(0.16) $(0.79)

   All unallocated ESOP shares have been excluded from the calculation of basic and diluted EPS. Due to the net loss position, all outstanding share option awards are anti-dilutive and excluded from the computation of diluted earnings per share. 

       78

   Note 16: Condensed Parent Only Financial Information
    
   The Parent Company’s condensed balance sheet and related condensed statements of operations and cash flows are as follows. 
    
   NSTS BANCORP, INC. Condensed Balance Sheets

       Year ended December 31,  
   2024    2023  
  (Dollars in thousands) 
 Assets:         
 Cash  $16,855  $18,634 
 Investment in subsidiary   56,028   55,035 
 Loan to ESOP   3,800   3,973 
 Other assets   15   7 
 Total assets  $76,698  $77,649 
 Liabilities:         
 Accrued expense and other liabilities  $208  $104 
 Total liabilities   208   104 
 Stockholders' equity         
 Common Stock   56   56 
 Treasury Stock   (3,240)  (2,381)
 Additional paid-in capital   51,684   50,920 
 Retained earnings   40,266   41,055 
 Unallocated common shares held by ESOP   (3,670)  (3,882)
 Accumulated other comprehensive loss, net   (8,606)  (8,223)
 Total stockholders' equity   76,490   77,545 
 Total liabilities and stockholders’ equity  $76,698  $77,649 

   NSTS BANCORP, INC. Condensed Statements of Operations

       Year ended December 31,  
   2024    2023  
  (Dollars in thousands) 
 Income:         
 Interest income  $129  $135 
 Total income