Company: NSTS
Filing Date: 2025-11-13
Form Type: 10-Q
Source: 0001437749-25-034806
Chunk: 95

Company: NSTS Bancorp, Inc.
Filing Date: 2025-11-13
Form: 10-Q
Item: Item 1
Chunk 95
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earned income increased, driven by a shift in the portfolio mix, with an increase in construction loans which have a higher peer proxy rate. As of September 30, 2025, there were two loans individually assessed, of which neither had credit losses identified. The Bank actively monitors the loan portfolio for signs of weakening credit quality, noting as of September 30, 2025 the portfolio remains of high quality with limited credit concerns.

Deposits. Total deposits decreased $4.1 million to $186.1 million at September 30, 2025 compared to $190.2 million at December 31, 2024. The decrease was primarily driven by a reduction in balances held in savings and money market accounts, some of which shifted into Time Deposits. The Bank had a large estate, totaling $1.7 million, pay out during the year. Management continues to actively monitor the deposit balances and interest rates offered to maintain an adequate level of liquidity.

Total Equity. Total equity increased $2.4 million to $78.9 million at September 30, 2025. The increase is primarily due to a decrease in the unrealized loss position on the securities available-for-sale portfolio during the nine months ended September 30, 2025, partially offset by net losses of $521,000.

       34

Asset Quality

The following table sets forth certain information with respect to our nonperforming assets. The increase in non-accrual loans from December 31, 2024 to September 30, 2025 was the result of two loans moving to non-accrual during the period. 

      At September 30, 

      At December 31, 

      2025 

      2024 

      (Dollars in thousands) 

      Nonaccrual loans 
      
     $
     285

     $
     —

      Loans 90+ days past due and accruing 

     —

     —

      Total non-performing loans 

     285

     —

      Other real estate owned, net 

     —

     —

      Total non-performing assets 
      
     $
     285

     $
     —

      Asset Quality Ratios: (1) 

      Non-accrual loans as a percent of total loans outstanding 

     0.21
     %

     —
     %

      Non-performing assets as a percent of total assets 

     0.11
     %

     —
     %