Company: NSTS
Filing Date: 2025-05-14
Form Type: 10-Q
Source: 0001437749-25-016849
Chunk: 47

Company: NSTS Bancorp, Inc.
Filing Date: 2025-05-14
Form: 10-Q
Item: Item 1
Chunk 47
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 Other non-interest income   14   26 
 Total noninterest income   334   312 
 Noninterest expense:         
 Salaries and employee benefits   1,533   1,374 
 Equipment and occupancy   224   214 
 Data processing   222   195 
 Professional services   136   111 
 Advertising   42   84 
 Supervisory fees and assessments   38   36 
 Loan expenses   92   30 
 Deposit expenses   68   54 
 Director fees   48   48 
 Other non-interest expense   127   118 
 Total noninterest expense   2,530   2,264 
 Loss before income taxes   (328)  (246)
 Income tax expense   —   — 
 Net loss  $(328) $(246)
 Basic and diluted loss per share  $(0.07) $(0.05)
 Weighted average shares outstanding   4,883,913   4,927,032 

See accompanying notes to consolidated unaudited financial statements

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NSTS BANCORP, INC.

Consolidated Statements of Comprehensive Income (Loss) (unaudited)

      For the three months ended March 31,  
   2025    2024  
   (Dollars in thousands)  
 Net loss  $(328) $(246)
 Unrealized net holding gain (loss) on securities         
 Unrealized net holding gain (loss) on securities arising during period   1,508   (770)
 Tax effect   (429)  220 
 Other comprehensive income (loss), net of taxes   1,079   (550)
 Comprehensive income (loss)  $751  $(796)

See accompanying notes to consolidated unaudited financial statements

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NSTS BANCORP, INC.

Consolidated Statements of Stockholders’ Equity (unaudited)

      Common Shares    Common Stock    Treasury Stock    Additional Paid-In Capital    Retained earnings    Accumulated other comprehensive loss    Unallocated Common Shares Held by ESOP    Total  
       (Dollars in thousands)  
       Quarter ended March 31, 2024  
 Balance at December 31, 2023   5,315,