Company: NSTS
Filing Date: 2025-03-28
Form Type: 10-K
Source: 0001437749-25-009831
Chunk: 1093

Company: NSTS Bancorp, Inc.
Filing Date: 2025-03-28
Form: 10-K
Item: Item 9A
Chunk 1093
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 5,004,498 

See accompanying notes to consolidated financial statements 

      49

      NSTS BANCORP, INC. AND SUBSIDIARIES 

      Consolidated Statements of Comprehensive Income 

      Year ended December 31,  
   2024    2023  
  (Dollars in thousands) 
 Net loss  $(789) $(3,957)
 Unrealized net holding (loss) gain on securities         
 Unrealized net holding (loss) gain on securities arising during period, net of realized loss on sales of $0 and $1,794,000, in the years ended December 31, 2024 and 2023, respectively   (535)  4,058 
 Tax effect   152   (1,156)
 Other comprehensive (loss) income, net of taxes   (383)  2,902 
 Comprehensive loss  $(1,172) $(1,055)

See accompanying notes to consolidated financial statements 

      50

      NSTS BANCORP, INC. AND SUBSIDIARIES 

      Consolidated Statements of Stockholders' Equity 

                          Accumulated          
                       other    Unallocated      
   Common    Common    Treasury    Additional    Retained    comprehensive    Common Shares      
   Shares    Stock    Stock    Paid-In Capital    earnings    loss    Held by ESOP    Total  
       (Dollars in thousands)  
 Balance at January 1, 2023   5,397,959  $54  $—  $50,420  $45,291  $(11,125) $(4,098) $80,542 
 Cumulative impact of ASU 2016-13   —   —   —   —   (279)  —   —   (279)
 Net loss   —   —   —   —   (3,957)  —   —   (3,957)
 ESOP shares committed to be released   —   —   —   (17)  —   —   216   199 
 Purchase of treasury stock from stock repurchase program   (269,