Company: NSTS
Filing Date: 2025-03-28
Form Type: 10-K
Source: 0001437749-25-009831
Chunk: 225

Company: NSTS Bancorp, Inc.
Filing Date: 2025-03-28
Form: 10-K
Item: Item 14
Chunk 225
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 and 2023, respectively)   (3,240)  (2,381)
 Additional paid-in capital   51,684   50,920 
 Retained earnings   40,266   41,055 
 Unallocated common shares held by ESOP   (3,670)  (3,882)
 Accumulated other comprehensive loss, net   (8,606)  (8,223)
 Total stockholders' equity   76,490   77,545 
 Total liabilities and stockholders' equity  $278,688  $256,776 

See accompanying notes to consolidated financial statements

      48

      NSTS BANCORP, INC. AND SUBSIDIARIES 

      Consolidated Statements of Operations 

      Year ended December 31,  
   2024    2023  
  (Dollars in thousands) 
 Interest income:         
 Loans, including fees  $6,785  $4,360 
 Securities         
 Taxable   1,539   2,506 
 Tax-exempt   244   396 
 Federal funds sold and other   1,613   348 
 Time deposits with other financial institutions   85   94 
 FHLB stock   38   24 
 Total interest income   10,304   7,728 
 Interest expense:         
 Deposits   3,000   1,336 
 Other borrowings   243   172 
 Total interest expense   3,243   1,508 
 Net interest income   7,061   6,220 
 Provision for credit losses   71   176 
 Net interest income after provision for credit losses   6,990   6,044 
 Noninterest income:         
 Gain on sale of mortgage loans   1,245   32 
 Loss on sale of securities   —   (1,794)
 Rental income on office building   64   64 
 Service charges on deposits   256   270 
 Increase in cash surrender value of BOLI   220   192 
 Other   156   86 
 Total noninterest income   1,941   (1,150)
 Noninterest expense:         
 Salaries and employee benefits   5,939   4,554 
 Equipment and occupancy