Company: NSTS
Filing Date: 2025-05-14
Form Type: 10-Q
Source: 0001437749-25-016849
Chunk: 49

Company: NSTS Bancorp, Inc.
Filing Date: 2025-05-14
Form: 10-Q
Item: Item 1
Chunk 49
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,852  $39,938  $(7,527) $(3,617) $77,462 

See accompanying notes to consolidated unaudited financial statements

       5

NSTS BANCORP, INC.

Consolidated Statements of Cash Flows (unaudited)

      For the three months ended March 31,  
   2025    2024  
   (Dollars in thousands)  
 Cash flows from operating activities:         
 Net loss  $(328) $(246)
 Adjustments to reconcile net loss to net cash (used in) provided by operating activities:         
 Depreciation   75   74 
 Securities amortization and accretion, net   121   129 
 Loans originated for sale   (11,268)  (5,964)
 Proceeds from sales of loans held for sale   10,080   6,460 
 Gain on sale of mortgage loans   (189)  (156)
 Reversal of provision for credit losses   (37)  (1)
 Earnings on bank owned life insurance   (56)  (53)
 ESOP expense   64   51 
 Stock based compensation   157   162 
 Change in deferred income taxes   429   (220)
 Net change in accrued interest receivable and other assets   (531)  403 
 Net change in accrued expenses and other liabilities   (1,193)  (547)
 Net cash (used in) provided by operating activities   (2,676)  92 
 Cash flows from investing activities:         
 Net change in portfolio loans   161   (6,461)
 Principal repayments on mortgage-backed securities   1,317   1,437 
 Maturities and calls of securities available for sale   1,000   — 
 Purchases of premises and equipment, net   (54)  (16)
 Net cash provided by (used in) investing activities   2,424   (5,040)
 Cash flows from financing activities:         
 Net change in deposits   3,528   9,221 
 Net change in escrow deposits   697   699 
 Net cash provided by financing activities   4,225   9,920 
 Net change in cash and cash equivalents