Company: NSTS
Filing Date: 2025-11-13
Form Type: 10-Q
Source: 0001437749-25-034806
Chunk: 77

Company: NSTS Bancorp, Inc.
Filing Date: 2025-11-13
Form: 10-Q
Item: Item 1
Chunk 77
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 net income attributable to common stockholders by the weighted-average number of common shares outstanding for the period, plus the effect of potential dilutive common share equivalents. 
    
   There were no securities or other contracts that had a dilutive effect for the nine months ended  September 30, 2025 and 2024, and the three months ended  September 30, 2024, and therefore the weighted average common shares outstanding used to calculate both basic and diluted EPS are the same. Shares held by the Employee Stock Ownership Plan ("ESOP") that have not been allocated to employees in accordance with the terms of the ESOP, referred to as "unallocated ESOP shares", are not deemed outstanding for EPS calculations. 

       Three Months Ended September 30,    Nine months ended September 30,  
   2025    2024    2025    2024  
   (Income in thousands)    (Income in thousands)  
 Net income (loss) applicable to common shares  $65  $(171) $(521) $(743)
                 
 Average number of common shares outstanding   5,239,038   5,284,380   5,244,878   5,302,574 
 Less: Average unallocated ESOP shares   354,634   375,876   359,887   381,129 
 Average number of common shares outstanding used to calculate basic income (loss) per common share   4,884,404   4,908,504   4,884,991   4,921,445 
 Diluted effect of stock options   25,129   —   —   — 
 Diluted average shares outstanding   4,909,533   4,908,504   4,884,991   4,921,445 
 Income (Loss) per common share basic  $0.01  $(0.03) $(0.11) $(0.15)
 Income (Loss) per common share diluted  $0.01  $(0.03) $(0.11) $(0.15)

   All unallocated ESOP shares have been excluded from the calculation of basic and diluted EPS. The Company excluded anti-dilutive share option awards from the computation of diluted earnings per share.

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   Note 11: