Company: NSTS
Filing Date: 2025-03-28
Form Type: 10-K
Source: 0001437749-25-009831
Chunk: 853

Company: NSTS Bancorp, Inc.
Filing Date: 2025-03-28
Form: 10-K
Item: Item 6
Chunk 853
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,360

     $
     765

     $
     6,571

      Commitments to originate loans 

     1,109

     1,109

     —

     —

     —

      Total commitments 
      
     $
     10,059

     $
     1,363

     $
     1,360

     $
     765

     $
     6,571

      38

Cash Obligations. The following table summarizes our cash obligations at December 31, 2024.

      Total at 

      Payments Due By Period 

      December 31, 2024 

      To 1 Year 

      1-3 Years 

      4-5 Years 

      After 5 Years 

      (Dollars in thousands) 

      Time deposits 
      
     $
     92,819

     $
     63,630

     $
     15,246

     $
     13,943

     $
     —

      Other borrowings 

     5,000

     5,000

     —

     —

     —

      Total cash obligations 
      
     $
     97,819

     $
     68,630

     $
     15,246

     $
     13,943

     $
     —

Impact of Inflation and Changing Prices

The financial statements and related financial data presented herein have been prepared in accordance with accounting principles generally accepted in the United States of America, which generally require the measurement of financial position and operating results in terms of historical dollars, without considering changes in relative purchasing power over time due to inflation. Unlike most industrial companies, virtually all of our assets and liabilities are monetary in nature. As a result, interest rates generally have a more significant impact on our performance than does the effect of inflation. Interest rates do not necessarily move in the same direction or in the same magnitude as the prices of goods and services, since such prices are affected by inflation to a larger extent than interest rates.

Current Accounting Developments

In March 2024, the FASB issued ASU No. 2024-01, “Compensation—Stock Compensation (Topic 718): Scope Applications of Profits Interests and Similar Awards” (ASU 2024-01). ASU 2024-01 adds an example to Topic 718 which illustrates how to apply the scope guidance to determine whether profits interests and similar awards should be accounted for as share-based payment arrangements under Topic