Company: NSTS
Filing Date: 2025-03-28
Form Type: 10-K
Source: 0001437749-25-009831
Chunk: 1135

Company: NSTS Bancorp, Inc.
Filing Date: 2025-03-28
Form: 10-K
Item: Item 9A
Chunk 1135
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 entity. Diluted EPS is computed by dividing 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 during the twelve months ended  December 31, 2024 and 2023, 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 purposes of the EPS calculation. 

       Year Ended December 31,  
   2024    2023  
         
 Net loss applicable to common shares  $(789) $(3,957)
         
 Average number of common shares outstanding   5,289,932   5,404,371 
 Less: Average unallocated ESOP shares   378,471   399,873 
 Average number of common shares outstanding used to calculate basic earnings per common share   4,911,461   5,004,498 
 Loss per common share basic and diluted  $(0.16) $(0.79)

   All unallocated ESOP shares have been excluded from the calculation of basic and diluted EPS. Due to the net loss position, all outstanding share option awards are anti-dilutive and excluded from the computation of diluted earnings per share. 

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   Note 16: Condensed Parent Only Financial Information
    
   The Parent Company’s condensed balance sheet and related condensed statements of operations and cash flows are as follows. 
    
   NSTS BANCORP, INC. Condensed Balance Sheets

       Year ended December 31,  
   2024    2023  
  (Dollars in thousands) 
 Assets:         
 Cash  $16,855  $18,634 
 Investment in subsidiary   56,028   55,035 
 Loan to ESOP   3,800   3,973 
 Other assets   15   7 
 Total assets  $76,698  $77,649 
 Liabilities:         
 Accrued expense and other liabilities  $208  $104 
 Total liabilities