Company: NSTS
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001437749-25-026943
Chunk: 33

Company: NSTS Bancorp, Inc.
Filing Date: 2025-08-14
Form: 10-Q
Item: Item 8
Chunk 33
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 rate paid on interest-bearing liabilities, and the relative amounts of interest-earning assets and interest-bearing liabilities. Results of operations are also affected by our provisions for credit losses, fee income and other noninterest income and noninterest expense. Noninterest expense principally consists of compensation, office occupancy and equipment expense, data processing, advertising and business promotion and other expenses. We expect that our noninterest expenses will increase as we grow and expand our operations. Our results of operations and financial condition are also significantly affected by general economic and competitive conditions, particularly changes in interest rates, changes in accounting guidance, government policies and actions of regulatory authorities.

Average Balances, Net Interest Income, and Yields Earned and Rates Paid. The following table shows for the periods indicated the total dollar amount of interest from average interest-earning assets and the resulting yields, as well as the interest expense on average interest-bearing liabilities, expressed both in dollars and rates, and the net interest margin. All average balances are based on daily balances. The table also reflects the yields on the Company’s interest-earning assets and costs of interest-bearing liabilities for the periods shown.

       29

      For the Three Months Ended June 30, 

      2025 

      2024 

      Average 

      Average 

      Outstanding 

      Average Yield/ 

      Outstanding 

      Average Yield/ 

      Balance 

      Interest 

      Rate 

      Balance 

      Interest 

      Rate 

      (Dollars in thousands) 

      Interest-earning assets: 

      Loans, net 

     134,937

     1,793

     5.32
     %

     134,727

     1,721

     5.11
     %

      Federal funds sold and interest-bearing deposits in other banks 

     54,257

     522

     3.85
     %

     31,698

     357

     4.51
     %

      Time deposits with other financial institutions 

     1,494

     18

     4.82
     %

     1,816

     28

     6.17
     %

      Securities available for sale 

     69,423

     396

     2.28
     %

     76,269

     448

     2.35
     %

      FHLB stock 

     605

     9

     5.95
     %

     584