Company: NSTS
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001437749-25-026943
Chunk: 72

Company: NSTS Bancorp, Inc.
Filing Date: 2025-08-14
Form: 10-Q
Item: Item 1
Chunk 72
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 no additional borrowings made during the six months ended  June 30, 2025 and 2024. In  June 2025, the Company repaid the $5.0 million advance from FHLB Chicago. There was no outstanding borrowed funds at  June 30, 2025. 
    
   The following table shows certain information regarding our borrowings at or for the dates indicated:

       For the three months ended    For the six months ended  
   June 30,    June 30,  
   2025    2024    2025    2024  
   (Dollars in thousands)          
 FHLB of Chicago advances and other borrowings:                 
 Average balance outstanding  $4,396  $5,000  $4,696  $5,000 
 Maximum amount outstanding at any month-end during the period   5,000   5,000   5,000   5,000 
 Average interest rate during the period   4.8%  4.9%  4.8%  4.8%

       June 30, 2025    December 31, 2024  
   (Dollars in thousands)  
 Balance outstanding at end of period   —   5,000 
 Weighted average interest rate at end of period   N/A   4.8%

   The eligible borrowings are collateralized by $108.2 million and $103.8 million of first mortgage loans under a blanket lien arrangement at  June 30, 2025 and  December 31, 2024, respectively.
    
   The following table shows the outstanding advances, additional borrowing capacity and total borrowing capacity from the FHLB Chicago at the dates presented. 

       June 30, 2025    December 31, 2024  
   (Dollars in thousands)  
 Outstanding advances  $—  $5,000 
 Additional borrowing capacity   81,461   73,094 
 Total borrowing capacity  $81,461  $78,094 

   Additionally, at  June 30, 2025 and  December 31, 2024, we had a $10.0 million federal funds line of credit with BMO Harris Bank, none of