Company: NSTS
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001437749-25-026943
Chunk: 62

Company: NSTS Bancorp, Inc.
Filing Date: 2025-08-14
Form: 10-Q
Item: Item 1
Chunk 62
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 totaled $21.7 million and $13.9 million at  June 30, 2025 and  December 31, 2024, respectively. Custodial escrow balances maintained in connection with the loans serviced were $342,000 and $236,000 at  June 30, 2025 and  December 31, 2024, respectively. 
    
   The accrued interest receivable for loans, net, was $563,000 and $560,000 for  June 30, 2025 and  December 31, 2024, respectively
    
   In the normal course of business, loans are made by the Bank to directors and officers of the Company and the Bank (related parties). The terms of these loans, including interest rate and collateral, are similar to those prevailing for comparable transactions with other customers and do not involve more than a normal risk of collectability. At  June 30, 2025 and  December 31, 2024, such borrowers were indebted to the Bank in the aggregate amount of $575,000 and $587,000, respectively.

       10

   The following tables present the activity in the allowance for credit losses ("ACL") for the three and six months ended  June 30, 2025 and 2024:

       June 30, 2025  
   1-4 family                      
   residential    Multi-family    Commercial    Construction    Consumer    Total  
   (Dollars in thousands)  
 Three months ended                         
 Beginning balance  $1,034  $37  $38  $45  $2  $1,156 
 Charge-offs   —   —   —   —   —   — 
 Recoveries   —   —   —   —   —   — 
 Net recoveries (charge-offs)   —   —   —   —   —   — 
 Provision for credit losses   22   —   6   16   —    44  
 Ending balance  $1,056  $37  $44  $61  $2  $1,200 

       June 30, 2025  
   1-4