Company: NSTS
Filing Date: 2025-03-28
Form Type: 10-K
Source: 0001437749-25-009831
Chunk: 1052

Company: NSTS Bancorp, Inc.
Filing Date: 2025-03-28
Form: 10-K
Item: Item 9
Chunk 1052
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 December 31, 2024   Value    Losses    Value    Losses    Value    Losses  
   (Dollars in thousands)
 U.S. government agency obligations  $—  $—  $8,657  $1,062  $8,657  $1,062 
 Municipal obligations   467   28   11,269   2,339   11,736   2,367 
 Mortgage-backed residential obligations   —   —   25,915   4,766   25,915   4,766 
 Collateralized mortgage obligations   —   —   24,941   3,842   24,941   3,842 
 Total  $467  $28  $70,782  $12,009  $71,249  $12,037 
 December 31, 2023                         
 U.S. Treasuries  $—  $—  $2,973  $22  $2,973  $22 
 U.S. government agency obligations   —   —   9,106   1,128   9,106   1,128 
 Municipal obligations   279   1   12,796   1,881   13,075   1,882 
 Mortgage-backed residential obligations   —   —   30,351   4,533   30,351   4,533 
 Collateralized mortgage obligations   —   —   26,135   3,938   26,135   3,938 
 Total  $279  $1  $81,361  $11,502  $81,640  $11,503 

       60

   At  December 31, 2024 and 2023, certain investment securities were in unrealized loss positions. There were no securities with identified credit losses at  December 31, 2024 and 2023. Unrealized losses have not been recognized into income because, based on management's evaluation, the decline in fair value is largely due to increased market rates, temporary market conditions and trading spreads, and, as such, are considered to be temporary