Company: NSTS
Filing Date: 2025-05-14
Form Type: 10-Q
Source: 0001437749-25-016849
Chunk: 45

Company: NSTS Bancorp, Inc.
Filing Date: 2025-05-14
Form: 10-Q
Item: Item 1
Chunk 45
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Item 1. Consolidated Financial Statements

NSTS BANCORP, INC.

Consolidated Balance Sheets

      March 31, 2025      
   (unaudited)    December 31, 2024  
   (Dollars in thousands)  
 Assets:         
 Cash and due from banks  $973  $1,223 
 Interest-bearing bank deposits   56,481   52,258 
 Cash and cash equivalents   57,454   53,481 
 Time deposits with other financial institutions   1,494   1,494 
 Securities available for sale   70,319   71,249 
 Federal Home Loan Bank stock (FHLB)   585   585 
 Loans held for sale   2,595   1,218 
 Loans, net of unearned income   131,396   131,557 
 Allowance for credit losses on loans   (1,156)  (1,201)
 Loans, net   130,240   130,356 
 Premises and equipment, net   5,290   5,311 
 Accrued interest receivable   860   870 
 Bank-owned life insurance (BOLI)   9,717   9,661 
 Other assets   4,146   4,463 
 Total assets  $282,700  $278,688 
 Liabilities:         
 Deposits:         
 Noninterest bearing  $12,678  $11,896 
 Interest-bearing         
 Demand and NOW checking   18,283   14,930 
 Money market   28,929   28,967 
 Savings   42,101   41,544 
 Time deposits over $250,000   22,094   21,990 
 Other time deposits   69,599   70,829 
 Total deposits   193,684   190,156 
 Escrow deposits   2,436   1,739 
 Other borrowings   5,000   5,000 
 Accrued expenses and other liabilities   4,118   5,303 
 Total liabilities  $205,238  $202,198 
 Stockholders' equity:         
 Common Stock ($0.01 par value; 10,000,000 shares