Company: NSTS
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001437749-25-026943
Chunk: 40

Company: NSTS Bancorp, Inc.
Filing Date: 2025-08-14
Form: 10-Q
Item: Item 8
Chunk 40
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 71,249

      FHLB stock 

     605

     585

      Loans held for sale 

     4,429

     1,218

      Loans, net 

     132,835

     130,356

      Total assets 

     275,976

     278,688

      Total deposits 

     192,960

     190,156

      Total equity 
      
     $
     77,833

     $
     76,490

Total Assets. Total assets decreased $2.7 million to $276.0 as of June 30, 2025 compared to $278.7 million at December 31, 2024. The decrease was driven by a reduction in cash and cash equivalents due to the paydown of the FHLB Advance during June 2025.

Cash and cash equivalents. Cash and cash equivalents decreased $6.0 million to $47.5 million as of June 30, 2025, from $53.5 million at December 31, 2024. The decrease was driven by the paydown of the FHLB Advance in June 2025 of $5.0 million. Currently, the Bank holds a majority of the cash on hand at the Federal Reserve Bank of Chicago, earning 4.40%, to keep the funds available for increasing loan demand. Management continues to actively monitor our liquidity position on a daily basis and maintain levels of liquid assets deemed adequate.

Securities Available for Sale. Securities available-for-sale decreased to $69.6 million as of June 30, 2025, compared to $71.2 million at December 31, 2024. There were no purchases or sales of securities available-for-sale during the six months ended June 30, 2025. During the six months ended June 30, 2025, the Bank received principal payments of $2.5 million, had maturities of $1.1 million, had net premium amortization and discount accretion of $242,000 and had a decrease in the unrealized loss on the portfolio of $2.2 million. 

As of June 30, 2025, the securities available for sale portfolio included an unrealized loss position of $9.8 million, or 12.4% of the total book value of the portfolio. Management monitors the portfolio for credit losses and believes that the decline in value does not presently