Company: NSTS
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001437749-25-026943
Chunk: 50

Company: NSTS Bancorp, Inc.
Filing Date: 2025-08-14
Form: 10-Q
Item: Item 1
Chunk 50
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Item 1. Consolidated Financial Statements

NSTS BANCORP, INC.

Consolidated Balance Sheets

      June 30, 2025      
   (unaudited)    December 31, 2024  
   (Dollars in thousands)  
 Assets:         
 Cash and due from banks  $1,008  $1,223 
 Interest-bearing bank deposits   46,480   52,258 
 Cash and cash equivalents   47,488   53,481 
 Time deposits with other financial institutions   1,494   1,494 
 Securities available for sale   69,588   71,249 
 Federal Home Loan Bank stock (FHLB)   605   585 
 Loans held for sale   4,429   1,218 
 Loans, net of unearned income   134,035   131,557 
 Allowance for credit losses on loans   (1,200)  (1,201)
 Loans, net   132,835   130,356 
 Premises and equipment, net   5,252   5,311 
 Accrued interest receivable   851   870 
 Bank-owned life insurance (BOLI)   9,774   9,661 
 Other assets   3,660   4,463 
 Total assets  $275,976  $278,688 
 Liabilities:         
 Deposits:         
 Noninterest bearing  $12,371  $11,896 
 Interest-bearing         
 Demand and NOW checking   14,522   14,930 
 Money market   27,507   28,967 
 Savings   43,696   41,544 
 Time deposits over $250,000   24,345   21,990 
 Other time deposits   70,519   70,829 
 Total deposits   192,960   190,156 
 Escrow deposits   1,781   1,739 
 Other borrowings   —   5,000 
 Accrued expenses and other liabilities   3,402   5,303 
 Total liabilities  $198,143  $202,198 
 Stockholders' equity:         
 Common Stock ($0.01 par value; 10,000,000 shares