Company: NSTS
Filing Date: 2025-03-28
Form Type: 10-K
Source: 0001437749-25-009831
Chunk: 1004

Company: NSTS Bancorp, Inc.
Filing Date: 2025-03-28
Form: 10-K
Item: Item 8
Chunk 1004
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 December 31, 2023                         
 1-4 family residential  $131  $—  $200  $331  $110,750  $111,081 
 Multi-family   —   —   —   —   3,111   3,111 
 Commercial   —   —   —   —   3,835   3,835 
 Construction   —   —   —   —   2,508   2,508 
 Consumer   —   —   —   —   248   248 
 Total  $131  $—  $200  $331  $120,452  $120,783 

   The following table presents the amortized cost basis of loans on nonaccrual status recorded at  December 31, 2024 and 2023. As of  January 1, 2023, the amortized cost basis of loans on nonaccrual status was $154,000.  

       December 31, 2024    December 31, 2023  
   Nonaccrual with no Allowance for Credit Losses    Nonaccrual    Nonaccrual with no Allowance for Credit Losses    Nonaccrual  
   (Dollars in thousands)  
 First mortgage loans                 
 1-4 family residential  $—  $—  $200  $200 
 Multi-family   —   —   —   — 
 Commercial   —   —   —   — 
 Construction   —   —   —   — 
 Consumer loans   —   —   —   — 
 Total loans  $—  $—  $200  $200 

   The Bank  may modify loans to borrowers experiencing financial difficulty by providing modifications to repayment terms; more specifically, modifications to loan interest rates. Management performs an analysis at the time of loan modification. Any reserve required is recorded through a provision to the allowance for credit losses on loans.
    
   As of  January 1, 2023, the Company adopted ASU 2022-02, Financial Instruments - Credit Losses (Topic 326): Troubled