Company: NSTS
Filing Date: 2025-11-13
Form Type: 10-Q
Source: 0001437749-25-034806
Chunk: 34

Company: NSTS Bancorp, Inc.
Filing Date: 2025-11-13
Form: 10-Q
Item: Item 8
Chunk 34
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-bearing deposits 
      
     $
     178,736

     $
     2,615

     1.95
     %
      
     $
     165,253

     $
     2,123

     1.71
     %

      Other borrowings 

     3,114

     113

     4.84
     %

     5,000

     182

     4.85
     %

      Total interest-bearing liabilities 

     181,850

     $
     2,728

     2.00
     %

     170,253

     $
     2,305

     1.81
     %

      Noninterest-bearing liabilities 

     18,464

     17,192

      Total liabilities 
      
     $
     200,314

     $
     187,445

      Equity 

     77,227

     76,904

      Total liabilities and equity 
      
     $
     277,541

     $
     264,349

      Net interest income 

     $
     5,585

     $
     5,323

      Interest rate spread(1) 

     2.29
     %

     2.35
     %

      Net interest-earning assets(2) 
      
     $
     75,944

     $
     74,394

      Net interest margin(3) 

     2.89
     %

     2.90
     %

      Average interest-earning assets to average-interest bearing liabilities 

     141.76
     %

     143.70
     %

     (1)
     Equals the difference between the yield on average earning-assets and the cost of average interest-bearing liabilities.

     (2)
     Equals total interest-earning assets less total interest-bearing liabilities.

     (3)
     Equals net interest income divided by average interest-earning assets.

       31

COMPARISON OF OPERATING RESULTS FOR THE three and nine months ended September 30, 2025 and 2024

General. For the quarter ended September 30, 2025, we had net income of $65,000, compared to a net loss of $171,000 for the quarter ended September 30, 2024. The change is due to an increase in interest and noninterest income, and a reversal of provision for credit losses during the current quarter.