Company: NSTS
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001437749-25-026943
Chunk: 20

Company: NSTS Bancorp, Inc.
Filing Date: 2025-08-14
Form: 10-Q
Item: Item 8
Chunk 20
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 may not reflect current or future fair values. 
    
   Certain financial instruments generally expose the Company to limited credit risk and have no stated maturities or have short-term maturities and carry interest rates that approximate market. The carrying value of these financial instruments assumes to approximate the fair value of these instruments. These instruments include cash and cash equivalents, non-interest bearing deposit accounts, time deposits with other financial institutions, FHLB stock, escrow deposits and accrued interest receivable and payable. 

     The carrying amounts and estimated fair values by fair value hierarchy of certain financial instruments are as follows:

       Carrying                Estimated  
   Amount    Level 1    Level 2    Level 3    Fair Value  
   (Dollars in thousands)  
 June 30, 2025                     
 Financial assets:                     
 Loans, net  $132,835  $—  $—  $124,366  $124,366 
 Loans held for sale   4,429   —   4,664   —   4,664 
 Financial liabilities:                     
 Interest-bearing deposits  $180,589  $—  $181,036  $—  $181,036 
                     
 December 31, 2024                     
 Financial assets:                     
 Loans, net  $130,356  $—  $—  $124,084  $124,084 
 Loans held for sale   1,218   —   1,242   —   1,242 
 Financial liabilities:                     
 Interest-bearing deposits  $178,260  $—  $178,872  $—  $178,872 
 Other Borrowings   5,000   —   4,999   —   4,999 

   Note 8: Capital Ratios
    
   The Bank is subject to various regulatory capital requirements administered by the federal banking agencies. Failure to meet minimum capital requirements can initiate certain mandatory actions by regulators that, if undertaken, could have a direct material effect on the Bank’s financial statements. Under capital adequacy guidelines and the regulatory framework for prompt corrective action, the Bank must meet specific capital guidelines that involve quantitative measures of the Bank’s