Company: NSTS
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001437749-25-026943
Chunk: 60

Company: NSTS Bancorp, Inc.
Filing Date: 2025-08-14
Form: 10-Q
Item: Item 1
Chunk 60
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Dollars in thousands)  
   Fair    Unrealized    Fair    Unrealized    Fair    Unrealized  
   Value    Losses    Value    Losses    Value    Losses  
 June 30, 2025                         
 U.S. government agency obligations  $—  $—  $7,692  $799  $7,692  $799 
 Municipal obligations   —   —   11,570   2,428   11,570   2,428 
 Mortgage-backed residential obligations   —   —   25,085   3,629   25,085   3,629 
 Collateralized mortgage obligations   —   —   25,241   2,975   25,241   2,975 
 Total  $—  $—  $69,588  $9,831  $69,588  $9,831 
 December 31, 2024                         
 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 

       9

   At  June 30, 2025 and  December 31, 2024, all investment securities were in unrealized loss positions. There were no securities with identified credit losses at  June 30, 2025 and  December 31, 2024, respectively. 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